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The Italy Bariatric Surgery market is segmented By Device (Assisting Devices, Implantable Devices, and Other Devices)
The Italy Bariatric Surgery Market is expected to witness higher CAGR growth during the forecast period, owing to the growing burden of the obese and overweight population. Furthermore, the increasing burden of chronic diseases such as cardiovascular diseases, diabetes, etc also helps in market growth.
According to the data of the Italian National Institute of Statistics, in 2018 the majority of obesity cases per 1,000 individuals were found in males aged 45-54 years, with around 2,323 people while females of the same age were recorded with around 1,204 per 1,000 individuals in Italy. However, the sedentary lifestyle of Italian people is found to be the major contributing factor for the growing obesity in Italy, and thereby it is expected to drive the Italy Bariatric Surgery Market growth over the forecast period.
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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Closure devices are used in bariatric procedures for reconnecting tissues and for the closing of incisions which are made through trocars. The key contributing factor is the increasing burden of chronic diseases such as diabetes and cardiovascular diseases.
According to the International Diabetes Federation, 2020, the prevalence of diabetes in adults is around 3,669,400 in Italy. The sedentary lifestyle and physical inactivity have led to the increasing morbidity of various disorders.
According to the World Health Organization, 2018, in Italy, only 31% of the adults aged from 18 years to 69 years were performing physical activity around 5 days per week. Hence, with the adoption of the sedentary lifestyle by the population of Italy it is expected that the number of cases related to diabetes and obesity is expected to increase. Therefore, the aforementioned factors are expected to fuel the market growth in this segment.
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Some of the major players in the Italy Bariatric Surgery Market are Karl Storz Gmbh & Co. KG, Medtronic Plc, Johnson & Johnson, Apollo Endosurgery,Inc., Aspire Bariatrics, Intuitive Surgical Inc., Olympus Corporation, ConMed Corporation and ReShape Lifesciences Inc. The companies are focusing on growing their presence in the market through initiatives such as mergers, , acquisitions, partnerships and product development.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Number of Obese Patients
4.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases, Diabetes,etc.
4.3 Market Restraints
4.3.1 High Cost of Surgery
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device
5.1.1 Assisting Devices
18.104.22.168 Suturing Devices
22.214.171.124 Closuring Devices
126.96.36.199 Stapling Devices
188.8.131.52 Other Assisting Devices
5.1.2 Implantable Devices
184.108.40.206 Gastric Bands
220.127.116.11 Electrical Stimulation Devices
18.104.22.168 Gastric Balloon
22.214.171.124 Gastric Emptying
5.1.3 Other Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Apollo Endosurgery,Inc.
6.1.2 ConMed Corporation
6.1.3 GEM SRL
6.1.4 Johnson & Johnson
6.1.5 Karl Storz Gmbh & Co. KG
6.1.6 Medtronic Plc
6.1.7 Olympus Corporation
6.1.8 Spatz Medical
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments