Germany Bariatric Surgery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Germany Bariatric Surgery Market is segmented by the device (Assisting Devices, Implantable Devices, and Other Devices).

Market Snapshot

Market Snapshot1
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 2.8 %

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Market Overview

The Germany Bariatric Surgery Market is expected to register a CAGR of 2.8% during the forecast period. There are certain factors propelling the growth of the market, includes increasing obesity patients, growing government initiatives to curb obesity, and rising prevalence rate of type 2 diabetes and heart diseases.

In Germany, there is a rapid growth in the obese population, which is leading to high demand for obesity treatments. The number of bariatric surgeries in Germany is growing constantly, and this has generated the demand for the devices used for bariatric surgery. For instance, as per the Organisation for Economic Co-operation and Development (OECD) 2019 report, estimated that one in four adults in Germany were obese. Overweight accounted for 10.7% of healthcare expenditure which is one of the largest rates of all countries analyzed. In addition, Germans live on average 2.6 years less due to overweight.

Thus, the rise in the number of obese population in Germany is expected to be influential in propelling the growth of the Germany bariatric surgery market. This, along with government initiatives to curb obesity, is anticipated to lead to the growth of the Germany bariatric surgery market.

Scope of the report

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 Germany Bariatric Surgery Market is segmented by device.

By Device
Assisting Devices
Suturing Device
Closure Device
Stapling Device
Trocars
Other Assisting Devices
Implantable Devices
Gastric Bands
Electrical Stimulation Devices
Gastric Balloons
Gastric Emptying
Other Devices

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Key Market Trends

Closure Device is Expected to Register a High CAGR in the Assisting Device Segment

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. 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.

According to the Organisation for Economic Co-operation and Development (OECD) 2019 report, estimated that overweight reduces Germany’s GDP by 3.0%. Furthermore, to cover these costs, each German pays an additional EUR 431 in taxes per year. This indicates the heavy burden of obesity in the country which is expected to boost the market in the near future.

Therefore, the high burden of obesity in the country is expected to increase bariatric surgeries in the coming years, which will contribute to the faster growth of this segment.

Germany bariatric surgery key trend 1.png

Competitive Landscape

The Germany bariatric surgery market is moderately consolidated competitive with the presence of major players, such as Apollo Endosurgery Inc., Olympus Corporation, Johnson and Johnson (Ethicon), and Medtronic Plc. The market is also inclusive of the smaller players that hold a substantial market share. With the growing medical device market, it is expected that a few more new players will be penetrating the market in the coming future.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Obesity Patients

      2. 4.2.2 Rising Prevalence of Type 2 Diabetes and Heart Diseases

      3. 4.2.3 Government Initiatives to Curb Obesity

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Knowledge and Awareness in Developing Countries

      2. 4.3.2 High Cost of Surgery

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device

      1. 5.1.1 Assisting Devices

        1. 5.1.1.1 Suturing Device

        2. 5.1.1.2 Closure Device

        3. 5.1.1.3 Stapling Device

        4. 5.1.1.4 Trocars

        5. 5.1.1.5 Other Assisting Devices

      2. 5.1.2 Implantable Devices

        1. 5.1.2.1 Gastric Bands

        2. 5.1.2.2 Electrical Stimulation Devices

        3. 5.1.2.3 Gastric Balloons

        4. 5.1.2.4 Gastric Emptying

      3. 5.1.3 Other Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Johnson and Johnson (Ethicon Inc)

      3. 6.1.3 Apollo Endosurgery, Inc

      4. 6.1.4 Aspire Bariatrics Inc

      5. 6.1.5 Intuitive Surgical Inc

      6. 6.1.6 Olympus Corporation

      7. 6.1.7 Conmed Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Germany Bariatric Surgery Market market is studied from 2018 - 2026.

The Germany Bariatric Surgery Market is growing at a CAGR of 2.8% over the next 5 years.

Medtronic PLC, Johnson and Johnson (Ethicon Inc), Apollo Endosurgery, Inc, Olympus Corporation, Aspire Bariatrics Inc are the major companies operating in Germany Bariatric Surgery Market.

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