Market Size of Italy Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 15.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Italy Bariatric Surgery Market Analysis
The Italy bariatric surgery market is expected to witness a CAGR of 15% during the forecast period.
COVID-19 had a notable impact on the Italy bariatric surgery market. After the outbreak of COVID-19, it disrupted dietary and physical activity routines due to facility closures and fear of COVID-19 exposure. For instance, as per the article published in November 2020 under the title 'Bariatric Surgery Closure During COVID-19 Lockdown in Italy: The Perspective of Waiting List Candidates', the lockdown had a negative result on Italian patients' psychological well-being and eating habits. Most patients proceeded with the surgery even during the COVID-19 emergency. Only oncological procedures and surgical emergencies were permitted in public institutions. Patients who had morbid obesity were consequently placed on standby. A circumstance like this resulted in more bariatric surgery delays in Italy. Furthermore, as per the article published in March 2021 under the title 'Impact of COVID-19 Lockdown on Short-term Weight Loss in a Single Italian Institution', patients who had bariatric surgery in 2020 lost less weight than those who had bariatric surgery in 2019. Social restrictions and the use of telemedicine, among other things, had encouraged a housebound lifestyle that was detrimental for bariatric patients. Hence, as per the factors mentioned above, COVID-19 had a profound impact on the Italy bariatric surgery market.
Factors such growing burden of the obese and overweight population, and the increasing burden of chronic diseases such as cardiovascular diseases, diabetes, and other diseases boost the market growth. For instance, as per the 'World Obesity Atlas 2022', across the European region, 16.2% of children aged 5-9 and 11.13% of adolescents aged 10-19 are predicted to be affected by obesity by 2030, totaling 21 million children and adolescents aged 5-19 across the region. The same source stated that six countries in the Europe region are predicted to have over one million children with obesity in 2030 and in Italy, the estimated number of obese people by 2030 is anticipated to be 1.1 million. Additionally, in March 2021, the European Commission recognized obesity as a chronic disease. The high prevalence of obesity in Italy is likely to boost market growth since people tend to undergo bariatric surgeries to keep fit and healthy.
Furthermore, government and private initiatives to raise awareness and training regarding bariatric surgeries are one of the major fueling factors in market growth. For instance as per the article published in March 2022 under the title 'A Hub and Spoke Learning Program in Bariatric Surgery in a Small Region of Italy', despite the increasing need to treat obese patients, some small southern regions of Italy, such as Molise, lack enough experience in bariatric procedures to be allowed to perform them. The study conducted ran a Hub and Spoke Program with a referral center in bariatric surgery (BS) to treat obese patients and provide a proper learning curve in bariatric surgery in Molise. The result showed the benefit of the Hub and Spoke Learning Program in lowering migration and expenses while maintaining the required level of care for BS, particularly for laparoscopic sleeve gastrectomy. Such trial programs relating to bariatric surgeries are likely to boost market growth since the benefit of the programs overweigh the risk and costs associated with bariatric surgery.
Hence, as per the factors mentioned above, Italy bariatric surgery market is likely to grow over the forecast period. However, the high costs associated with bariatric surgeries restrain the market growth.
Italy 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 Italy Bariatric Surgery Market is segmented By Device (Assisting Devices, Implantable Devices, and Other Devices). The report offers the value (in USD million) for the above segments.
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Italy Bariatric Surgery Market Size Summary
The Italy bariatric surgery market is poised for significant growth, driven by the increasing prevalence of obesity and related chronic diseases such as diabetes and cardiovascular conditions. The market's expansion is further supported by government and private initiatives aimed at raising awareness and providing training on bariatric procedures. Despite the challenges posed by the COVID-19 pandemic, which disrupted surgical schedules and affected patient outcomes, the demand for bariatric surgery remains strong. The pandemic highlighted the importance of addressing morbid obesity, as patients continued to seek surgical interventions despite delays. The high prevalence of obesity in Italy, coupled with the recognition of obesity as a chronic disease by the European Commission, underscores the critical need for effective weight management solutions, including bariatric surgery.
The market landscape is characterized by a fragmented structure, with numerous global and regional players such as B. Braun Melsungen AG, Medtronic Plc, and Olympus Corporation actively participating. These companies are focusing on expanding their market presence through strategic initiatives like mergers, acquisitions, and product development. Clinical trials and research studies, such as those sponsored by Mater Olbia Hospital and the University of Roma La Sapienza, are ongoing to evaluate the safety and efficacy of various bariatric procedures. These efforts, along with the increasing use of closure devices in surgeries, are expected to drive market growth over the forecast period. However, the high costs associated with bariatric surgeries remain a significant barrier to market expansion.
Italy 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 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 (Market Size by Value - USD Million)
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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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Italy Bariatric Surgery Market Size FAQs
What is the current Italy Bariatric Surgery Market size?
The Italy Bariatric Surgery Market is projected to register a CAGR of 15% during the forecast period (2024-2029)
Who are the key players in Italy Bariatric Surgery Market?
Medtronic Plc, Olympus Corporation, B. Braun Melsungen AG, Conmed Corporation and Allurion Technologies are the major companies operating in the Italy Bariatric Surgery Market.