Market Size of Saudi Arabia Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.80 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Bariatric Surgery Market Analysis
Saudi Arabia's bariatric surgery market is expected to register a CAGR of 6.8% over the forecast period.
- The COVID-19 pandemic had a significant impact on the market. The lockdown measures have impacted the diagnostic and surgical industries, which have also decreased public mobility. For instance, according to an article published by PubMed Central in August 2022, a study was conducted in Saudi Arabia, which showed that during the COVID-19 pandemic, elective surgeries had decreased significantly, and all subspecialties were affected by elective procedure cancellation. Furthermore, according to an article published by Cureus in November 2022, there was a noticeable reduction in hospital visits during the COVID-19 pandemic, which led to a higher chance of complications. Thus, the pandemic affected the market significantly in its initial phase. However, as the pandemic has subsided currently, bariatric surgical procedures are taking place normally. Thus, the studied market is expected to have stable growth over the forecast period of the study.
- The rising prevalence of obesity and the increasing prevalence of type 2 diabetes and heart diseases are major factors driving the growth of the market. In Saudi Arabia, the increase in obesity, diabetes, and heart disease has increased the demand for bariatric surgery. As per the data published by the University Center for Obesity Research at King Saud University in 2022, obesity rates in the Kingdom are not well-documented, although several recent studies have found that they are alarmingly high, with 23.6 percent of women and 14 percent of males obese. Therefore, as the prevalence of obesity is increasing, the demand for overall bariatric surgeries is expected to increase.
- Moreover, the growing prevalence of diabetes and cardiovascular disease is likely to support the market growth. According to the study published by PubMed in January 2022, diabetes is one of the major risk factors for cardiovascular diseases in the country. Therefore, the high prevalence of diabetes is expected to increase the incidence rate of cardiovascular diseases in the country, thereby growing the market.
- Furthermore, according to a February 2022 update by the World Diabetes Federation, the prevalence of diabetes in Saudi Arabia is 17.7%, which is considerably high, thereby boosting the growth of the market.
- Thus, the abovementioned factors, such as the rising prevalence of obesity and the increasing prevalence of type 2 diabetes and heart diseases, are likely to increase market growth. However, the high cost of surgery and lack of knowledge and awareness are expected to impede the growth of the market.
Saudi Arabia Bariatric Surgery Industry Segmentation
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 stomach size is reduced by either removing some parts of the stomach or using a gastric band.
The Saudi Arabian bariatric surgery market is segmented by device (assisting devices (suturing devices, closure devices, stapling devices, and other assisting devices), implantable devices, and other devices).
The report offers the value (in USD) for the above segments.
By Device | ||||||
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Implantable Devices | ||||||
Other Devices |
Saudi Arabia Bariatric Surgery Market Size Summary
The Saudi Arabian bariatric surgery market is poised for steady growth, driven by the increasing prevalence of obesity, type 2 diabetes, and cardiovascular diseases. The market experienced a significant impact during the COVID-19 pandemic, with elective surgeries and hospital visits declining, but has since stabilized as normalcy returns. The rising demand for bariatric procedures is fueled by the alarming rates of obesity in the Kingdom, which have prompted a surge in surgical interventions. Despite challenges such as high surgery costs and limited public awareness, the market is expected to expand, supported by the growing adoption of bariatric surgeries and the need for implantable devices like gastric balloons and bands.
The market landscape is moderately competitive, with major players like Medtronic PLC, Johnson and Johnson, and Apollo Endosurgery Inc. dominating the scene. The introduction of new products and partnerships with bariatric centers are key drivers of growth. The closure devices segment, including mechanical closure systems, is anticipated to witness significant expansion due to its critical role in bariatric surgeries. Additionally, the rising geriatric population and the high prevalence of heart diseases further bolster the market's growth prospects. Recent developments, such as the inclusion of bariatric surgery coverage in Saudi health insurance, are expected to enhance market accessibility and encourage more patients to seek surgical options.
Saudi Arabia 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 Rising Prevalence of Obesity
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1.2.2 Increasing Prevalence Rate of Type 2 Diabetes and Heart Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Surgery and Lack of Knowledge and Awareness
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1.4 Porter's Five Forces 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)
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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 Other Assisting Devices
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2.1.2 Implantable Devices
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2.1.3 Other Devices
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Saudi Arabia Bariatric Surgery Market Size FAQs
What is the current Saudi Arabia Bariatric Surgery Market size?
The Saudi Arabia Bariatric Surgery Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Bariatric Surgery Market?
Medtronic PLC, Johnson and Johnson, Apollo Endosurgery Inc, B. Braun Melsungen AG and Conmed Corporation are the major companies operating in the Saudi Arabia Bariatric Surgery Market.