Italy Bariatric Surgery Market

The Italy bariatric surgery market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing number of obese population.

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Bariatric surgery is also referred to a weight loss surgery, which includes a variety of procedures performed on people who are obese or over-weight. The surgery involves long-term weight loss through standard care procedures by altering gut hormone levels in the body. The gut hormone is responsible for hunger and satiety that is responsible to set hormonal weight point. The bariatric surgical procedures cause significant long-term loss of weight, recovery from diabetes, improvement in cardiovascular risk factors, and a mortality reduction to a significant degree.

The weight loss surgery in adults is associated with relatively larger risks and complications as compared to other treatments for obesity. Internal bleeding, small bowel obstruction, gastrointestinal ulcers, gastric band slippage, and hernias are some other factors that restrict the preference for surgery. However, the rate of complications can be reduced when the surgical procedures are performed by an experienced surgeon using dedicated or experienced units.

The COVID-19 pandemic has affected almost every industry including the healthcare industry. The high risk of developing serious illness due to coronavirus disease has made it challenging for several other healthcare problems. The outbreak of coronavirus resulted into nationwide lockdowns that disrupted the supply of healthcare facilities and manufacturing of surgical devices. The stringent regulations and slowdown in economy hampered the growth of the bariatric surgery market.

Market Trends, Drivers, Restraints, and Opportunities

• Rapid change in lifestyle habits, excessive intake of calories, increasing disposable income, technological advancements, supportive government policies, and huge healthcare spending are likely to increase the demand for bariatric surgical trials and manufacturing of surgical devices.
• Increasing prevalence of chronic diseases and diabetes is anticipated to drive the market growth during the forecast period. 
• Rising number of FDA approvals for bariatric surgery devices and increasing technological advancements in the bariatric surgery devices are major factors spurring the market growth in the coming years.
• High cost associated with the surgical treatments is expected to hamper the growth of market during the forecast period.
• Increasing disposable income, rising government funding for bariatric surgery, and growing investments for developing advanced bariatric surgery devices anticipated to create lucrative opportunities for the market in the coming years.

Scope of the Report

The report on the Italy bariatric surgery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Italy Bariatric Surgery Machinery Market Segment Insight

Assisting segment is anticipated to register at a significant CAGR

On the basis of devices, the market is segmented implantable devices, assisting devices, and others. The implantable devices segment is further fragmented into electrical stimulation devices, gastric bands, gastric emptying, and gastric balloon. The assisting devices segment is divided into stapling devices, suturing devices, trocars, closuring devices, and others. The closuring devices sub-segment is anticipated to register a significant CAGR during the forecast period owing to the rising cases of diabetes and cardiovascular diseases. Moreover, the increasing adoption of the sedentary lifestyle is expected to increase number of cases related to diabetes and obesity, which is further expected to fuel the growth of the market segment in the coming years.

The implantable devices segment is projected to boost the growth of the market segment during the projected period due to rising demand for surgical procedures that involve the fixing or removal of implantable medical devices. The increase in the number of age-related diseases has further increased the demand for various life prolonging medical aids, such as new treatments, prostheses, implants, and long-term pharmaceutical usage.

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Segments

The Italy bariatric surgery market is segmented on the basis of:

Devices

• Implantable Devices
  • Electrical Stimulation Devices
  • Gastric Bands
  • Gastric Emptying
  • Gastric Balloon
• Assisting Devices
  • Stapling Devices
  • Suturing Devices
  • Trocars
  • Closuring Devices
  • Others
• Others

Country

• Italy

Key Players

• GEM SRL
• Olympus Corporation
• Apollo Endosurgery Inc.
• Medtronic Plc
• Johnson & Johnson

Competitive Landscape

The key players competing in the Italy bariatric surgery market are GEM SRL; Olympus Corporation; Apollo Endosurgery Inc.; Medtronic Plc; and Johnson & Johnson. Some of these players are focusing on growing their presence in the market through initiatives such as mergers, acquisitions, partnerships and product development to increase their market share.

In November 2021, GEM SRL highlighted products for minimal-invasive surgery at the MEDICA 2021 trade fair held at Düsseldorf, Germany. The product provided excellent cosmetic results, reducing trauma, and inflammation. The fluidity of the product allowed a controlled release of the glue even in difficult to treat areas.

In November 2021, Medtronic Plc planned to set up a global research & development center involving an investment of around USD 159 million in Hyderabad, India. The initiative facilitated the research work for medical products to treat over 70 health conditions that include cardiac devices, cranial & spine robotics, surgical tools, insulin pumps, patient monitoring systems, and others.