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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.