Market Size of Sweden Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.23 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Sweden Bariatric Surgery Market Analysis
Th Sweden Bariatric Surgery market is expected to witness a higher CAGR growth during the forecast period, 2020 - 2025. The adoption of a sedentary lifestyle in people is leading to a higher risk of causing chronic diseases. The sedentary leisure time in Sweden was recorded to be around 13%-15% in an individual, which is adding up in the physical inactivity in the people, according to the Public Health Agency of Sweden. Physical inactivity can lead to many chronic diseases such as diabetes, cardiovascular diseases, etc. This is expected to increase the number of bariatric surgeries and thereby expected to boost the bariatric surgery market growth in Sweden.
Sweden 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.
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Sweden Bariatric Surgery Market Size Summary
The Sweden Bariatric Surgery market is poised for significant growth, driven by the increasing prevalence of obesity and related chronic diseases. A sedentary lifestyle among the Swedish population has contributed to a rise in physical inactivity, which is a known risk factor for conditions such as diabetes and cardiovascular diseases. This trend is expected to lead to a higher demand for bariatric surgeries, thereby enhancing the market's expansion. The use of suturing devices during these procedures, particularly in gastric bypass and bowel resection surgeries, is anticipated to be a key factor in the market's growth. These devices are crucial in managing the growing obesity burden, which affects over half of the adult population in Sweden, as reported by the Public Health Agency of Sweden.
The market is supported by several prominent players, including Nordic Gastric Balloon, Medtronic Plc, Johnson & Johnson, and others, who are actively involved in advancing bariatric surgery technologies and procedures. The increasing incidence of obesity-related health issues, such as hypertension and cardiovascular diseases, underscores the importance of bariatric surgery in improving health outcomes and reducing morbidity and mortality rates. As a result, the bariatric surgery market in Sweden is expected to experience robust growth, with suturing devices playing a vital role in the success of these surgical interventions.
Sweden 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 Number of Obese Patients
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1.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases, Diabetes,etc.
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Framework
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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 Devices
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2.1.1.2 Closuring Devices
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2.1.1.3 Stapling Devices
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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 Balloon
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2.1.2.4 Gastric Emptying
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2.1.3 Other Devices
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Sweden Bariatric Surgery Market Size FAQs
What is the current Sweden Bariatric Surgery Market size?
The Sweden Bariatric Surgery Market is projected to register a CAGR of 7.23% during the forecast period (2024-2029)
Who are the key players in Sweden Bariatric Surgery Market?
Nordic Gastric Balloon, Medtronic Plc, ReShape Lifesciences Inc., Olympus Corporation and Apollo Endosurgery Inc. are the major companies operating in the Sweden Bariatric Surgery Market.