Saudi Arabia Bariatric Surgery Devices Market Report 2023 to 2030

Saudi Arabia Bariatric Surgery Devices Market Analysis

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The Saudi Arabia Bariatric Surgery Devices Marketwas valued at $45.2 Mn in 2023 and is projected to grow at a CAGR of 6.7% from 2023 to 2023, to $71.2 Mn by 2030. Major factors driving the market for bariatric surgical devices include the rising incidence of adult obesity brought on by altered lifestyle patterns and excessive calorie consumption. The demand for bariatric operations is also anticipated to rise over the forecast period due to increased government backing and growing public awareness of the market's unhealthy food and beverage offerings and how they affect BMI, thus driving the market growth of the Bariatric Surgery Devices. The prominent players in the market are Conmed Corporation, Allergan, Medtronic, B. Braun, Asenus Surgical, Johnson & Johnson, Cousin Surgery among others.

ID: IN10SAMD028 CATEGORY: Medical Devices GEOGRAPHY: Saudi Arabia AUTHOR: Mahima Reddy

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Saudi Arabia Bariatric Surgery Devices Market Executive Summary

The Saudi Arabia Bariatric Surgery Devices Market is at around $45.2 Mn in 2023 and is projected to reach $71.2 Mn in 2030, exhibiting a CAGR of 6.7% during the forecast period 2023-2030.

Making modifications to your digestive system in order to aid in weight loss is the goal of gastric bypass and other weight-loss surgeries, also referred to as bariatric or metabolic surgery. When diet and exercise have not resolved your weight-related health issues, bariatric surgery is performed. Certain diet plans restrict the amount of food you can consume. Some functions through diminishing the body's capacity to assimilate calories and fat. Certain techniques provide both functions. While bariatric surgery can offer many benefits, all forms of weight-loss surgery are major procedures that can pose risks and side effects. Also, you must make permanent healthy changes to your diet and get regular exercise to help ensure the long-term success of bariatric surgery. Bariatric surgery is done to help you lose extra weight and reduce your risk of possibly life-threatening weight-related health problems, including: certain cancers, including breast, endometrial and prostate cancer, heart disease and stroke, high blood pressure, high cholesterol levels, Non-alcoholic fatty liver disease (NAFLD) or non-alcoholic steatohepatitis (NASH), sleep apnoea, type 2 diabetes etc.

In Saudi Arabia the prevalence of obesity in 2021 is approximately around 40.4% and is projected to reach 42.9% by 2026. Therefore, the market is driven by various factors such as increasing demand for minimally invasive surgeries, rising incidence of obesity, technological advancements, rising awareness about bariatric surgery.

The prominent players in the market are Medtronic, B. Braun, Asenus Surgical, Johnson & Johnson, Cousin Surgery among others.

Saudi Arabia Bariatric Surgery Devices Market Report 2023 to 2030

Market Dynamics

Market Drivers

Increasing Prevalence of Obesity: Saudi Arabia has one of the highest obesity rates globally, according to Statista in Saudi Arabia the prevalence of obesity in 2021 is approximately around 40.4% and is projected to reach 42.9% by 2026 among which around 24% of males and 33.5% of females being overweight or obese. This high prevalence of obesity is a major driver for the growth of the bariatric surgery market in the country.

Technological advancements in bariatric surgery devices: Ongoing advancements in surgical techniques and equipment are enhancing the safety, minimally invasive nature, and effectiveness of bariatric procedures. Innovations like advanced laparoscopic and robotic-assisted surgical systems are leading to better surgical outcomes and shorter recovery periods.

Increasing Prevalence of Obesity-Related Comorbidities: Obesity in Saudi Arabia is strongly linked to the rising prevalence of type 2 diabetes, cardiovascular diseases, and other obesity-related health conditions. The potential to manage and improve these comorbidities through bariatric surgery is a significant driver for the market.

Market Restraints

Limited availability of skilled bariatric surgeons: There's a shortage of surgeons specially trained in bariatric procedures in Saudi Arabia, leading to long wait times in some regions. This shortage limits market growth and patient access to these treatments.

Postoperative Complications and Long-Term Risks: Bariatric surgery, although generally safe, carries the risk of postoperative complications and long-term side effects, such as nutritional deficiencies, dumping syndrome, and gallstone formation. These potential risks may make some patients hesitant to undergo the procedure, acting as a restraint on the market.

Stringent Regulatory Policies: Saudi Arabia has strict regulations governing the approval and use of medical devices for bariatric surgery. These regulatory hurdles hamper the introduction of new technologies and devices, potentially restraining market growth.

Regulatory Landscape and Reimbursement Scenario

The Saudi Food and Drug Authority (SFDA) is responsible for regulating and approving medical devices used in bariatric surgeries in Saudi Arabia. The SFDA has specific guidelines and requirements that bariatric surgical devices must meet in order to be approved for use in the country.

In September 2022, the Council of Health Insurance and the Executive Director for Empowerment and Oversight announced that Saudi health insurance would include coverage for bariatric surgery starting from October 1, 2022. This improved reimbursement landscape is expected to boost the accessibility and adoption of bariatric surgeries in Saudi Arabia by making them more affordable for patients.

The Saudi government has taken steps to address the obesity epidemic, including implementing public health campaigns and initiatives. These efforts can further increase awareness and access to bariatric surgeries.

Competitive Landscape

Key Players

Here are some of the major key players in the Saudi Arabia Bariatric Surgery Devices Market:

Conmed Corporation
Allergan Inc
Medtronic plc.
Ethicon, Inc. (Johnson & Johnson)
Asenus Surgical US, Inc.
B Braun Melsungen AG
Cousin Surgery
Olympus Corporation
Richard Wolf GmbH
SPATZ FIGA, Inc.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Saudi Arabia Bariatric Surgery Devices Market Segmentation

By Products

Minimally invasive surgical devices
- Stapling Devices
- Vessel-sealing devices
- Suturing devices
- Others
Non-invasive surgical devices

By Procedure

Sleeve gastrectomy
Gastric bypass
Revision bariatric surgery
Non-invasive bariatric surgery
Adjustable gastric banding
Others

End Users

Hospitals
Ambulatory surgical centers
Specialty Clinics

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

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How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.