Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2020 |
| CAGR: | 4.38 % |
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Market Overview
South Africa Bariatric Surgery market is expected to witness a CAGR of 4.38% during the forecast period, 2020 - 2025. The key contributors in the market growth are increasing burden of obese patients and associated chronic disorders.
The changing lifestyle in the people of South Africa such as reduced physical activity, poor diet, high consumption of sugar, etc. which are leading to overweight and associated diseases such as hypertension, cardiovascular diseases, diabetes, etc.
According to the International Diabetes Federation, 2020, around 4,581,200 people in South Africa are suffering from diabetes. Hence, these factors are expected to propel the market growth during the forecast period.
Scope of the report
As per the scope of the report, bariatric surgery is a medical procedure that aids the weight loss by either limiting the capacity of the stomach or the absorption of the calories. This is the most effective weight loss therapy available for patients with morbid obesity, and it involves either open or laparoscopic techniques.
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Key Market Trends
Suturing Devices are Expected to Exhibit a Steady Growth During the Forecast Period
Suturing devices are used for laceration during the bariatric surgery. It is widely used in case of gastric bypass, bowel resection, etc. The growing burden of obesity is expected to act as a major contributor in this segment. According to the World Health Organization, 2019, around more than 50% of the population are obese/overweight and in the last 25 years, it has increased by almost 10%.
Thus, the demand for bariatric surgery is expected to boost and suturing devices play a crucial role in these surgeries. Hence, the aforementioned factors are expected to fuel the market growth in this segment.
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Competitive Landscape
The key player in the South Africa Bariatric Surgery Market are B. Braun Melsungen AG, Medtronic Plc, Johnson & Johnson, Apollo Endosurgery,Inc., Aspire Bariatrics, Intuitive Surgical Inc., Olympus Corporation, The Cooper Companies and Conmed Corporation.
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 Number of Obese Patients
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4.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases, Diabetes,etc.
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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 Devices
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5.1.1.2 Closuring Devices
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5.1.1.3 Stapling Devices
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5.1.1.4 Other Assisting Devices
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5.1.2 Implantable Devices
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5.1.2.1 Electrical Stimulation Devices
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5.1.2.2 Gastric Balloon
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5.1.2.3 Others
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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 Apollo Endosurgery,Inc.
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6.1.2 Aspire Bariatrics
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6.1.3 B. Braun Melsungen AG
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6.1.4 ConMed Corporation
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6.1.5 Intuitive Surgical Inc.
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6.1.6 Johnson & Johnson
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6.1.7 Medtronic Plc
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6.1.8 Olympus Corporation
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6.1.9 The Cooper Companies
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The South Africa Bariatric Surgery Market market is studied from 2018 - 2026.
What is the growth rate of South Africa Bariatric Surgery Market?
The South Africa Bariatric Surgery Market is growing at a CAGR of 4.38% over the next 5 years.
Who are the key players in South Africa Bariatric Surgery Market?
Intuitive Surgical Inc., Aspire Bariatrics, Apollo Endosurgery Inc., Johnson & Johnson, Medtronic Plc are the major companies operating in South Africa Bariatric Surgery Market.
