Spain Bariatric Surgery Market Size, Share, and COVID-19 Impact Analysis, By Device (Surgical Stapler Gastric Bands, Gastric Balloons, Gastric Emptying Systems, and Electrical Stimulation Systems), By Type (Gastric Bypass, Sleeve Gastrectomy, Adjustable Gastric Band, and Biliopancreatic Diversion with Duodenal Switch), By End-User (Hospital & Clinics and Surgical Centers), and Spain Bariatric Surgery Market Insights, Industry Trend, Forecasts to 2033

Spain Bariatric Surgery Market Insights Forecasts to 2033

• The Spain Bariatric Surgery Market Size is Growing at a CAGR of 2.55% from 2023 to 2033
• The Spain Bariatric Surgery Market Size is expected to hold a significant share by 2033

The Spain Bariatric Surgery Market Size is anticipated to hold a significant share by 2033, Growing at a CAGR of 2.55% from 2023 to 2033. The growing rate of obesity, the prevalence of type 2 diabetes & heart diseases, and government initiatives to curb obesity are driving the growth of the bariatric surgery market in Spain.     

Market Overview

The bariatric surgery market refers to the market for weight loss surgeries and related devices, which is encouraged by the rising obesity rates and associated health risks. Bariatric surgery is weight loss surgery, which is a surgical procedure that helps people lose weight and treat obesity. This surgery is recommended by healthcare providers if other weight loss methods have failed and if obesity appears to pose a greater risk to your health than surgery. Obesity-related conditions such as diabetes and fatty liver disease are prevented and treated by these procedures. With the growing awareness about obesity-associated health risks and emphasis on improving the overall health and quality of life, demand for bariatric surgery is on the rise. Furthermore, advancements in technology and surgical techniques for making weight loss procedures more effective, safe, and accessible are contributing to the significant market growth for bariatric surgery.

Report Coverage

This research report categorizes the market for the Spain bariatric surgery market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain bariatric surgery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain bariatric surgery market.

Driving Factors

The growing rate of obesity, especially childhood overweight due to socioeconomic status and factors like diet and sedentarism, is likely to propel the market demand. The implementation of several initiatives for combating obesity is contributing to driving the market. For instance, the National Strategic Plan for the reduction of childhood obesity aims at reducing child obesity by 25% by 2030. Obesity of one of the major risk factors for the development of both impaired glucose tolerance or prediabetes and type 2 diabetes which drives an increased rate of cardiovascular morbidity and mortality. Thus, the prevalence of type 2 diabetes & heart diseases associated with obesity is responsible for driving the market.

Restraining Factors

The increased cost of bariatric surgery procedures limits its adoption, thereby restraining the market growth. Further, the unstable regulatory frameworks which lead to delayed approval time of the products are challenging the market growth.

Market Segmentation

The Spain bariatric surgery market share is classified into device, type, and end-user.

• The gastric balloons segment dominated the market with a major market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain bariatric surgery market is segmented by device into surgical stapler, gastric bands, gastric balloons, gastric emptying systems, and electrical stimulation systems. Among these, the gastric balloons segment dominated the market with a major market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Intragastric balloons aid in adopting healthier eating habits, reduced-calorie diets, and facilitating weight loss. The increasing number of product launches and increasing patient awareness are contributing to driving the market demand.

• The sleeve gastrectomy segment is dominating the market with a major market revenue share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe.

The Spain bariatric surgery market is segmented by type into gastric bypass, sleeve gastrectomy, adjustable gastric band, and biliopancreatic diversion with duodenal switch. Among these, the sleeve gastrectomy segment is dominating the market with a major market revenue share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe. Sleeve gastrectomy is a gastric sleeve surgery procedure that involves the removal of a large portion of the stomach which aids in restricting calories and reducing hunger. The significant lifestyle changes and public health concerns with rising chronic disease prevalence are propelling the market.

• The surgical centers segment is dominating the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe.

The Spain bariatric surgery market is segmented by end-user into hospital & clinics and surgical centers. Among these, the surgical centers segment is dominating the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe. Bariatric surgery is performed in surgical centers by trained surgeons and support staff. The increasing number of bariatric surgery in the country along with the rising number of surgical centers are propelling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain bariatric surgery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medtronic Plc
• Apollo Endosurgery, Inc
• Teleflex Incorporated
• Intuitive Surgical
• Spatz FGIA
• TransEnterix
• USGI Medical
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain bariatric surgery market based on the below-mentioned segments:

Spain Bariatric Surgery Market, By Device

• Surgical Stapler Gastric Bands
• Gastric Balloons
• Gastric Emptying Systems
• Electrical Stimulation Systems

Spain Bariatric Surgery Market, By Type

• Gastric Bypass
• Sleeve Gastrectomy
• Adjustable Gastric Band
• Biliopancreatic Diversion with Duodenal Switch

Spain Bariatric Surgery Market, By End-User

• Hospital & Clinics
• Surgical Centers