Press Release

Saudi Arabia Bariatric Surgical Devices Market to grow with a CAGR of 6.28%

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Saudi Arabia Bariatric Surgical Devices Market.

 

According to TechSci Research report, “Saudi Arabia Bariatric Surgical Devices Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Bariatric Surgical Devices Market is anticipated to witness an impressive growth in the forecast period with a CAGR of 6.28% through 2028.   This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

Patients may have preferences for the type of bariatric procedure they undergo. For example, some patients may prefer a minimally invasive procedure like laparoscopic surgery over open surgery. Their choices can influence the utilization of specific devices associated with their chosen procedure. Patients may have specific goals and expectations for their bariatric surgery outcomes. For example, some may prioritize rapid weight loss, while others may focus on minimizing scarring. Device selection may be guided by the patient's desired outcomes.

After bariatric surgery, patients must adhere to specific dietary guidelines. Their dietary preferences and cultural considerations can influence the choice of a bariatric procedure and, to some extent, the use of devices, such as adjustable gastric bands, that allow for dietary adjustments. Patient preferences related to their lifestyle and daily routines can play a role. For example, some patients may prefer procedures that result in fewer dietary restrictions or require less follow-up care. Patients who are actively engaged in their healthcare decisions may express preferences for specific surgical devices based on their research and discussions with healthcare providers.

 

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In June 2022, Astellas Pharma, a global pharmaceutical company dedicated to transforming cutting-edge scientific advancements into meaningful benefits for patients, has officially unveiled its newly established Scientific and Technical Office in Riyadh. This inauguration is a manifestation of Astellas' enduring dedication to the Kingdom and underscores the company's firm conviction in harnessing technology to enhance its support for local patients, communities, and the advancement of innovative medicines and treatments within the local healthcare infrastructure.

Competition is a challenge in the Saudi Arabia Bariatric Surgical Devices Market, as it is in any healthcare market. The market may become saturated with multiple manufacturers and suppliers offering similar bariatric surgical devices, leading to increased competition for market share. In a competitive environment, companies may engage in price wars to gain a competitive edge. This can lead to price erosion and reduced profit margins. The presence of established players can create barriers for new entrants, making it challenging for smaller or newer companies to establish a foothold in the market. Continuous advancements in bariatric surgical device technology can lead to a competitive race to develop and market the most innovative and effective devices. Companies must find ways to differentiate their products from competitors to attract healthcare providers and gain a competitive advantage. This may involve innovative features, improved performance, or unique selling points. Meeting stringent regulatory requirements is essential in the healthcare sector. Compliance can be a challenge and a competitive barrier for companies entering the market.

Saudi Arabia Bariatric Surgical Devices Market is segmented based on Type, Procedure, End User, and by region.

Based on the Procedure, Saudi Arabia Bariatric Surgical Devices Market is segmented into Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Sleeve Gastrectomy (SG), One Anastomosis Gastric Bypass (OAGB), Others. Roux-en-Y Gastric Bypass (RYGB) is a surgical procedure for weight loss and the treatment of severe obesity. It is one of the most common and effective bariatric surgeries performed worldwide. The procedure involves both restrictive and malabsorptive components, which together help patients achieve significant weight loss and often lead to the resolution of obesity-related health conditions. The first step in Roux-en-Y Gastric Bypass involves creating a small, pouch-like stomach at the top of the digestive tract. This pouch is much smaller than the natural stomach, typically only about the size of a walnut. The purpose of this small pouch is to restrict the amount of food a person can eat during a meal. As a result, patients feel full more quickly, consume smaller portions, and experience reduced caloric intake.

Based on Region, Northern & Central region held the largest share in the Saudi Arabia Bariatric Surgical Devices Market. These regions are often more economically developed, with higher average incomes and greater healthcare expenditure. Patients in these areas may have better access to healthcare services, and healthcare facilities may be better equipped to invest in advanced medical technologies, including bariatric surgical devices. Greater awareness of obesity-related health issues and the benefits of bariatric surgery may exist in more urban and populous areas. This can lead to higher patient demand for bariatric procedures and associated devices. Healthcare professionals, including surgeons and support staff with expertise in bariatric surgery, may be concentrated in these regions, further supporting the growth of the market.

 

Some of the major companies operating in the Saudi Arabia Bariatric Surgical Devices Market include:

  • Johnson & Johnson
  • Medtronic Plc
  • Apollo Endosurgery Saudi Arabia
  • B. Braun Medical Saudi Arabia
  • Conmed Corporation Saudi Arabia
  • Stryker Saudi Arabia
  • Becton Dickinson, and Company Saudi Arabia

 

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“Certain areas, particularly in North America, are projected to exert significant demand for Bariatric Surgical Devices. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Saudi Arabia Bariatric Surgical Devices Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Saudi Arabia Bariatric Surgical Devices Market by Type (Implantable Devices, Assisting Devices), By Procedure (Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Sleeve Gastrectomy (SG), One Anastomosis Gastric Bypass (OAGB), Others), By End User (Hospitals & Clinics, Specialized Bariatric Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Saudi Arabia Bariatric Surgical Devices Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Bariatric Surgical Devices Market.

 

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