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

The Spain 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: 2020
CAGR: 2.6 %

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Market Overview

The Spain Bariatric Surgery Market is expected to register a CAGR of 2.6% during the forecast period. There are certain factors propelling the growth of the market, includes growing government initiatives to curb obesity, increasing obesity patients, and rising prevalence rate of type 2 diabetes and heart diseases.

According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the prevalence of obesity among adults in Spain was 16.2% in women and 17.5% in men. Furthermore, two out of three men were overweight and 1 in 6 people was obese in Spain. One in 3 children aged 13 to 14 were overweight. The proportion of adults who were overweight is projected to rise a further 10% during the next 10 years.

Thus, the high prevalence of obesity in Spain is expected to be influential in propelling the growth of the Spain bariatric surgery market. This, along with government initiatives to curb obesity, is anticipated to lead to the growth of the Spain 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 Spain 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

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.

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.

In Spain, the nutrition, physical activity, and prevention of obesity (NAOS) Strategy were launched from the Ministry of Health, through the Spanish Food and Nutrition Agency in 2005 with aim of raising awareness regarding obesity that contribute to ensuring that citizens, especially children, and youth adopt healthy lifestyle habits, primarily through diet healthy and regular practice of physical activity.

Furthermore, in 2019, the Gasol Foundation initiated a program called "childhood obesity". In addition, in-development programs Such as HAPPI (Healthy Active Preschool Parents Initiative) is an early childhood healthy habits promotion project with the goal of preventing obesity in early childhood.This programs will boost the market and increases the bariatric surgeries in Spain. Thus, owing to above factors the segment is expected to show healthy growth rate in near fututre.

Spain Bariatric Key trend 1.png

Competitive Landscape

The Spain bariatric surgery market is moderately consolidated competitive with the presence of major players, such as Medtronic Plc, Apollo Endosurgery, Inc, Teleflex Incorporated, Intuitive Surgical, Spatz FGIA, TransEnterix and USGI Medical. 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 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 Apollo Endosurgery, Inc

      3. 6.1.3 Teleflex Incorporated

      4. 6.1.4 Intuitive Surgical

      5. 6.1.5 Spatz FGIA

      6. 6.1.6 TransEnterix

      7. 6.1.7 USGI Medical

    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 Spain Bariatric Surgery Market market is studied from 2018 - 2026.

The Spain Bariatric Surgery Market is growing at a CAGR of 2.6% over the next 5 years.

Medtronic PLC, Apollo Endosurgery, Inc, Teleflex Incorporated, Intuitive Surgical, Spatz FGIA are the major companies operating in Spain Bariatric Surgery Market.

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