Market Trends of South Africa Bariatric Surgery Industry
Gastric Balloon Segment Expects to Register a High CAGR in the South African Bariatric Surgery Market Over the Forecast Period
The gastric balloon segment is expected to witness significant growth over the forecast period, owing to the factors such as the increasing prevalence of obesity among the population and the rising adoption of gastric balloons in surgeries.
A gastric balloon also referred to as an intragastric balloon (IGB) or a stomach balloon, is an inflatable medical tool that is momentarily inserted into the stomach to aid in weight loss. The introduction of new products, increase in patient awareness, collaboration with bariatric surgery centres, and manufacturing optimization to increase operating leverage are some of the factors driving the demand for balloons.
According to the study published by Annals of Translation Medicine in March 2020, the combined TBWL (total body weight reduction) after using the Orbera gastric balloon for six months was 13.16%. In addition, there was a decrease in extra weight by 26.9% compared to other people. The effectiveness of gastric balloons in treating obesity and aiding in weight loss is expected to increase their adoption during surgery, which is anticipated to fuel the segment's growth over the forecast period.
Therefore, owing to the aforementioned factors, the segment is anticipated to witness growth over the forecast period.
Stapling Devices Segment is Expected to Have Significant Market Share Over the Forecast Period
The stapling devices segment is expected to witness growth in South Africa owing to factors such as the rising number of bariatric surgeries and the high prevalence of the obese population.
Stapling devices are used to remove a part of an organ, cut through and seal organs and tissues, and create connections between structures. Thus, most bariatric procedures are currently being performed with mechanical stapling devices, thereby contributing to the overall growth. It is one of the most prominent devices as it frequently leads to more significant and reliable weight loss surgical outcomes for patients, as well as a greater reduction in obesity-related health problems. Some of the companies providing stapling devices in the country include Medtronic, B. Braun Melsungen AG, ConMed Corporation, and others.
According to an article published by Durban Bariatric Surgery in November 2021, it was observed that the patients who underwent bariatric surgery to treat uncontrolled type 2 diabetes experienced greater physical health, more energy, less body pain, and fewer negative effects of diabetes in their daily lives compared to those who were on medical therapy. In addition, metabolic surgery is preferable to medical therapy alone for managing diabetes and losing weight while using a few anti-diabetic drugs. This is anticipated to increase the adoption of metabolic surgeries among the obese as well as the diabetic population, which is expected to increase the demand for stapling devices, hence propelling the segment's growth.
Hence, factors such as the high application of staplers and increasing research studies are propelling the segment's growth, and it is expected to continue during the forecast period.
