Market Size of Spain Bariatric Surgery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Bariatric Surgery Market Analysis
The Spain Bariatric Surgery Market is expected to register a CAGR of 2.6% during the forecast period. There are certain factors propelling the growth of the market, includes growing government initiatives to curb obesity, increasing obesity patients, and rising prevalence rate of type 2 diabetes and heart diseases.
According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the prevalence of obesity among adults in Spain was 16.2% in women and 17.5% in men. Furthermore, two out of three men were overweight and 1 in 6 people was obese in Spain. One in 3 children aged 13 to 14 were overweight. The proportion of adults who were overweight is projected to rise a further 10% during the next 10 years.
Thus, the high prevalence of obesity in Spain is expected to be influential in propelling the growth of the Spain bariatric surgery market. This, along with government initiatives to curb obesity, is anticipated to lead to the growth of the Spain bariatric surgery market.
Spain Bariatric Surgery Industry Segmentation
As per the scope of the report, bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band. The Spain Bariatric Surgery Market is segmented by device.
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Spain Bariatric Surgery Market Size Summary
The Spain bariatric surgery market is poised for growth, driven by increasing government efforts to combat obesity and the rising incidence of obesity-related conditions such as type 2 diabetes and heart diseases. The high prevalence of obesity among adults and children in Spain underscores the need for effective interventions, including bariatric surgery. Government initiatives like the NAOS Strategy and programs by the Gasol Foundation aim to promote healthy lifestyles, which are expected to further stimulate the demand for bariatric procedures. The market is characterized by a focus on minimally invasive surgical techniques, with closure devices playing a crucial role in these procedures by facilitating the safe and effective closure of incisions.
The competitive landscape of the Spain bariatric surgery market is moderately consolidated, with key players such as Medtronic Plc, Apollo Endosurgery, Inc, and Intuitive Surgical leading the charge. These companies are well-positioned to capitalize on the growing medical device market, which is anticipated to attract new entrants in the future. The closure devices segment, in particular, is expected to experience significant growth due to its critical application in bariatric surgeries. As awareness and demand for bariatric surgery increase, driven by both health concerns and supportive government policies, the market is expected to expand steadily over the forecast period.
Spain Bariatric Surgery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Obesity Patients
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1.2.2 Rising Prevalence of Type 2 Diabetes and Heart Diseases
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1.2.3 Government Initiatives to Curb Obesity
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1.3 Market Restraints
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1.3.1 High Cost of Surgery
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Device
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2.1.1 Assisting Devices
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2.1.1.1 Suturing Device
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2.1.1.2 Closure Device
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2.1.1.3 Stapling Device
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2.1.1.4 Trocars
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2.1.1.5 Other Assisting Devices
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2.1.2 Implantable Devices
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2.1.2.1 Gastric Bands
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2.1.2.2 Electrical Stimulation Devices
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2.1.2.3 Gastric Balloons
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2.1.2.4 Gastric Emptying
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2.1.3 Other Devices
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Spain Bariatric Surgery Market Size FAQs
What is the current Spain Bariatric Surgery Market size?
The Spain Bariatric Surgery Market is projected to register a CAGR of 2.60% during the forecast period (2024-2029)
Who are the key players in Spain Bariatric Surgery Market?
Medtronic PLC, Apollo Endosurgery, Inc, Teleflex Incorporated, Intuitive Surgical and Spatz FGIA are the major companies operating in the Spain Bariatric Surgery Market.
