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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"Saudi Arabia Bariatric Surgical Devices Market.”
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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