Spain Bariatric Surgery Devices Market Report 2023 to 2030

Spain Bariatric Surgery Devices Market Analysis

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The Spain Bariatric Surgery Devices Marketwas valued at $51.3 Mn in 2023 and is projected to grow at a CAGR of 4.2% from 2023 to 2023, to $68.5 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 Anaconda Biomed, Stryker, Medtronic, B. Braun, Johnson & Johnson, Cousin Surgery among others.

ID: IN10ESMD028 CATEGORY: Medical Devices GEOGRAPHY: Spain AUTHOR: Mahima Reddy

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Spain Bariatric Surgery Devices Market Executive Summary

The Spain Bariatric Surgery Devices Market is at around $51.3 Mn in 2023 and is projected to reach $68.5 Mn in 2030, exhibiting a CAGR of 4.2% during the forecast period 2023-2030.

Weight-loss surgery, also called metabolic and bariatric surgery, is an operation that makes changes to the digestive system. It is intended for people who have obesity and need to lose weight but have not been able to do so through other means. 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.

According to World Obesity Federation report 2022, Spain is living with overweight or obesity around 23.3% overweight and 17.3% obese. The prevalence of obesity is more in males then female, around 16.5% males and 15% females are obese in Spain. 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 Anaconda Biomed, Stryker, Medtronic, B. Braun, Johnson & Johnson, Cousin Surgery among others.

Spain Bariatric Surgery Devices Market Report 2023 to 2030

Market Dynamics

Market Drivers

Government Initiatives to Curb Obesity: The Spanish government has launched initiatives like the NAOS (Nutrition, Physical Activity and Prevention of Obesity) Strategy to raise awareness about obesity and promote healthy lifestyle habits. Programs like the "childhood obesity" initiative by the Gasol Foundation and the HAPPI (Healthy Active Preschool Parents Initiative) project are also aimed at preventing obesity, which can drive the demand for bariatric surgeries and associated devices.

Technological Advancements in Bariatric Surgery Devices: Companies are investing in R&D to develop new and improved bariatric surgery devices, such as minimally invasive techniques and closure devices. These technological advancements are driving the adoption of bariatric surgery devices in Spain.

Rising obesity rates in Spain: Spain has been experiencing a steady increase in obesity rates over the past few decades. According to World Obesity Federation report 2022, Spain is living with overweight or obesity around 23.3% overweight and 17.3% obese. The prevalence of obesity is more in males then female, around 16.5% males and 15% females are obese in Spain. This trend is creating a larger potential patient pool for bariatric surgeries and driving demand for related devices.

Market Restraints

Exorbitant expenses linked to bariatric procedures and equipment: The high cost of bariatric surgery procedures in Spain can make them inaccessible to many patients, limiting the adoption of these devices. Thus, hampering its growth in Spain.

Lack of Trained Professionals: The limited availability of healthcare professionals trained in performing bariatric surgeries and managing post-operative care, hinders the growth of the market.

Poor Healthcare Infrastructure and Lack of Reimbursement: Inadequate healthcare infrastructure in some regions of Spain limit the availability and quality of bariatric surgery services. The lack of reimbursement policies for these procedures also make them unaffordable for many patients. Thus, hampering the market growth rate.

Regulatory Landscape and Reimbursement Scenario

The Spanish Agency of Medicines and Medical Devices (AEMPS) is the primary body responsible for regulating medical devices, including those used in bariatric surgery. The Ministry of Health, Consumer Affairs and Social Welfare oversees general healthcare policies and coordinates with regional health authorities. The Interterritorial Council of the National Health System (CISNS) plays a crucial role in harmonizing health policies across Spain's autonomous communities.

Spanish Network of Health Technology Assessment Agencies (REDETS) conducts health technology assessments, while the Commission for Benefits, Insurance and Financing (CBAF) advises on including new treatments in the national health system's portfolio. The National Health System's Quality Agency evaluates healthcare quality and safety. Regional health services have significant autonomy in implementing national policies and may have additional requirements or variations in coverage for bariatric procedures. The General Council of Official Colleges of Physicians (CGCOM) provides ethical guidelines and professional standards. These bodies collectively influence the approval, access, and reimbursement of bariatric surgery devices within Spain's decentralized healthcare system.

Competitive Landscape

Key Players

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

Anaconda Biomed
Stryker
Medtronic plc.
Apollo Endosurgery
Ethicon, Inc. (Johnson & Johnson)
B Braun Melsungen AG
Cousin Surgery
Olympus Corporation
SPATZ FIGA, Inc.
Teleflex Incorporated
USGI Medical, 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

Spain 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.