Market Trends of Saudi Arabia Bariatric Surgery Industry
Implantable Devices is Expected to Record a Significant CAGR in the Market Over the Forecast Period
- Gastric balloons, gastric bands, and electrical stimulation devices are examples of implantable devices. Some of the drivers of increasing balloon demand include the introduction of new products, an increase in patient awareness, partnership with bariatric surgery centers, and manufacturing optimization to maximize operating leverage.
- According to the study published by PubMed in November 2021, obesity has become a Saudi Arabia epidemic, with an estimated 24.1% of males and 33.5% of women overweight or obese in 2021. The number of obese individuals undergoing bariatric surgery in Saudi Arabia has increased substantially, with 15,000 procedures anticipated to be conducted annually. Thus, the growing prevalence of obesity and the rising adoption of bariatric surgeries in the country are expected to boost segment growth over the forecast period. Moreover, the rising prevalence of type 2 diabetes is also associated with the rising usage of bariatric surgery procedures.
- With the rise in bariatric procedures in the country, the need for implantable devices is expected to increase and is likely to support the growth of the market. According to the study published by the Saudi Journal of Laparoscopy in June 2022, in Saudi Arabia, with the high prevalence of obesity, many private and governmental hospitals offer bariatric surgeries as a treatment option, and it is estimated that more than 20,000 bariatric surgeries are performed in Saudi Arabia with more than 24 surgeries in King Khaled University Hospital every week. Thus, the growing trend of bariatric surgery to reduce obesity is expected to rise in demand for implantable devices expected to support the segment growth.
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Closure Devices Segment is Expected to Witness Significant Growth Over the Forecast Period
- The closure devices segment is expected to witness significant growth over the forecast period of the study as mechanical closure devices such as clips, endoscopic suturing systems, and endoscopic plication platforms are often used in bariatric surgeries. The increasing prevalence of obesity, heart disease, and type 2 diabetes is expected to boost the growth of the segment.
- The high prevalence of heart diseases in the country is a major factor driving the growth of the segment, as bariatric surgeries are often performed to minimize the risks of cardiac diseases. For instance, according to an article published by Frontiers in September 2022, the prevalence of coronary artery disease in the Kingdom of Saudi Arabia (KSA) was estimated to be 5.5%, with slightly higher rates in urban areas when compared to rural areas (6% and 4.2%, respectively). The cost of treatment rates is high in KSA, reaching 40,164 Saudi Riyals per patient, equivalent to USD 10,710.
- Moreover, old age is often associated with type-2 diabetes and heart diseases. Thus, the rising geriatric population in Saudi Arabia is also expected to boost segment growth. For instance, according to an article published by the Saudi Journal of Medicine and Medical Sciences in January 2023, a study was conducted in Saudi Arabia, which showed that the overall pooled prevalence of type 2 diabetes was 16.4% in the country, and the prevalence was higher in older adults.
- Thus, the aforementioned factors, such as the rising prevalence of obesity, type-2 diabetes, heart disease, and the rising geriatric population, are expected to boost the growth of the segment during the forecast period of the study.
