Spain Bariatric Surgery Market Size
| 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 Market Trends
This section covers the major market trends shaping the Spain Bariatric Surgery Market according to our research experts:
Closure Device is Expected to Register a High CAGR in the Assisting Device Segment
The closure devices segment is expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures.
Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully and safely closes port sites in obese patients undergoing bariatric procedures and surgeries.
In Spain, the nutrition, physical activity, and prevention of obesity (NAOS) Strategy were launched from the Ministry of Health, through the Spanish Food and Nutrition Agency in 2005 with aim of raising awareness regarding obesity that contribute to ensuring that citizens, especially children, and youth adopt healthy lifestyle habits, primarily through diet healthy and regular practice of physical activity.
Furthermore, in 2019, the Gasol Foundation initiated a program called "childhood obesity". In addition, in-development programs Such as HAPPI (Healthy Active Preschool Parents Initiative) is an early childhood healthy habits promotion project with the goal of preventing obesity in early childhood.This programs will boost the market and increases the bariatric surgeries in Spain. Thus, owing to above factors the segment is expected to show healthy growth rate in near fututre.
Spain Bariatric Surgery Industry Overview
The Spain bariatric surgery market is moderately consolidated competitive with the presence of major players, such as Medtronic Plc, Apollo Endosurgery, Inc, Teleflex Incorporated, Intuitive Surgical, Spatz FGIA, TransEnterix and USGI Medical. With the growing medical device market, it is expected that a few more new players will be penetrating the market in the coming future.
Spain Bariatric Surgery Market Leaders
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Medtronic PLC
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Apollo Endosurgery, Inc
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Teleflex Incorporated
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Intuitive Surgical
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Spatz FGIA
*Disclaimer: Major Players sorted in no particular order
Spain Bariatric Surgery Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increase in Obesity Patients
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4.2.2 Rising Prevalence of Type 2 Diabetes and Heart Diseases
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4.2.3 Government Initiatives to Curb Obesity
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4.3 Market Restraints
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4.3.1 High Cost of Surgery
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device
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5.1.1 Assisting Devices
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5.1.1.1 Suturing Device
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5.1.1.2 Closure Device
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5.1.1.3 Stapling Device
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5.1.1.4 Trocars
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5.1.1.5 Other Assisting Devices
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5.1.2 Implantable Devices
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5.1.2.1 Gastric Bands
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5.1.2.2 Electrical Stimulation Devices
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5.1.2.3 Gastric Balloons
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5.1.2.4 Gastric Emptying
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5.1.3 Other Devices
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Medtronic Plc
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6.1.2 Apollo Endosurgery, Inc
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6.1.3 Teleflex Incorporated
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6.1.4 Intuitive Surgical
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6.1.5 Spatz FGIA
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6.1.6 TransEnterix
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6.1.7 USGI Medical
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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.
| By Device | |||||||
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| Other Devices |
Spain Bariatric Surgery Market Research 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.
What years does this Spain Bariatric Surgery Market cover?
The report covers the Spain Bariatric Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Bariatric Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Bariatric Surgery Industry Report
Statistics for the 2024 Spain Bariatric Surgery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Bariatric Surgery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
