Italy Bariatric Surgery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Italy Bariatric Surgery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Italy bariatric surgery market is expected to witness a CAGR of 15% during the forecast period.

COVID-19 had a notable impact on the Italy bariatric surgery market. After the outbreak of COVID-19, it disrupted dietary and physical activity routines due to facility closures and fear of COVID-19 exposure. For instance, as per the article published in November 2020 under the title “Bariatric Surgery Closure During COVID-19 Lockdown in Italy: The Perspective of Waiting List Candidates”, the lockdown had a negative result on Italian patients' psychological well-being and eating habits. Most patients proceeded with the surgery even during the COVID-19 emergency. Only oncological procedures and surgical emergencies were permitted in public institutions. Patients who had morbid obesity were consequently placed on standby. A circumstance like this resulted in more bariatric surgery delays in Italy. Furthermore, as per the article published in March 2021 under the title “Impact of COVID-19 Lockdown on Short-term Weight Loss in a Single Italian Institution”, patients who had bariatric surgery in 2020 lost less weight than those who had bariatric surgery in 2019. Social restrictions and the use of telemedicine, among other things, had encouraged a housebound lifestyle that was detrimental for bariatric patients. Hence, as per the factors mentioned above, COVID-19 had a profound impact on the Italy bariatric surgery market.

Factors such growing burden of the obese and overweight population, and the increasing burden of chronic diseases such as cardiovascular diseases, diabetes, and other diseases boost the market growth. For instance, as per the 'World Obesity Atlas 2022', across the European region, 16.2% of children aged 5-9 and 11.13% of adolescents aged 10-19 are predicted to be affected by obesity by 2030, totaling 21 million children and adolescents aged 5-19 across the region. The same source stated that six countries in the Europe region are predicted to have over one million children with obesity in 2030 and in Italy, the estimated number of obese people by 2030 is anticipated to be 1.1 million. Additionally, in March 2021, the European Commission recognized obesity as a chronic disease. The high prevalence of obesity in Italy is likely to boost market growth since people tend to undergo bariatric surgeries to keep fit and healthy.

Furthermore, government and private initiatives to raise awareness and training regarding bariatric surgeries are one of the major fueling factors in market growth. For instance as per the article published in March 2022 under the title “A Hub and Spoke Learning Program in Bariatric Surgery in a Small Region of Italy”, despite the increasing need to treat obese patients, some small southern regions of Italy, such as Molise, lack enough experience in bariatric procedures to be allowed to perform them. The study conducted ran a Hub and Spoke Program with a referral center in bariatric surgery (BS) to treat obese patients and provide a proper learning curve in bariatric surgery in Molise. The result showed the benefit of the Hub and Spoke Learning Program in lowering migration and expenses while maintaining the required level of care for BS, particularly for laparoscopic sleeve gastrectomy. Such trial programs relating to bariatric surgeries are likely to boost market growth since the benefit of the programs overweigh the risk and costs associated with bariatric surgery.

Hence, as per the factors mentioned above, Italy bariatric surgery market is likely to grow over the forecast period. However, the high costs associated with bariatric surgeries restrain the market growth.

Key Market TrendsClosuring Devices are Expected to Show a Significant Growth During the Forecast Period

Closure devices are used in bariatric procedures for reconnecting tissues and for the closing of incisions which are made through trocars. The key contributing factor is the increasing burden of chronic diseases such as diabetes and cardiovascular diseases. For instance, according to the International Diabetes Federation, in 2020 the prevalence of diabetes in adults was 3,669,400 in Italy. The sedentary lifestyle and physical inactivity have led to the increasing morbidity of various disorders.

Furthermore, the high prevalence of obesity is one of the major fuelling factors for market growth. For instance, the World Obesity Atlas 2022 estimated that from 2010 to 2030, the yearly growth in adult obesity is likely to be 1.4% in Italy. The same source stated that the yearly growth in child obesity is anticipated to be 1.6% from 2010 to 2030 in Italy. Since the use of bariatric procedures is likely to rise with an increase in the obese population, the growth rate of obesity is likely to favor market expansion. Increased research and development, surveys, and government initiatives in bariatric surgeries in Italy are likely to boost market growth over the forecast period. For instance, as per the article published in October 2021 under the title “Italian Survey on Perception of Obesity and Bariatric and Metabolic Surgery: A Comparison between General Practitioners and Obese Patients”, implementing patient and general practitioner (GP) awareness campaigns is now as important as providing structured obesity treatment programs. Furthermore, GPs are needed to be educated on bariatric and metabolic surgery (BMS) which is regarded as a conventional obesity treatment choice in some instances. Such awareness provided through the articles are providing adequate advice to the practitioner regarding bariatric surgery and its benefit. When bariatric operations are conducted, the likelihood of using closure devices increases, resulting in market growth during the forecast period.

Therefore, the aforementioned factors are expected to fuel the market growth in this segment.

Competitive Landscape

The Italy bariatric surgery market is fragmented in nature due to the presence of several companies operating globally as well as regionally. Some of the major players in the Italy Bariatric Surgery Market are B. Braun Melsungen AG, Medtronic Plc, Aspire Bariatrics, Allurion Technologies, Olympus Corporation, ConMed Corporation, and ReShape Lifesciences Inc. The companies are focusing on growing their presence in the market through initiatives such as mergers, acquisitions, partnerships, and product development.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Number of Obese Patients
4.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases, Diabetes,etc.
4.3 Market Restraints
4.3.1 High Cost of Surgery
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Device
5.1.1 Assisting Devices
5.1.1.1 Suturing Devices
5.1.1.2 Closuring Devices
5.1.1.3 Stapling Devices
5.1.1.4 Trocars
5.1.1.5 Other Assisting Devices
5.1.2 Implantable Devices
5.1.2.1 Gastric Bands
5.1.2.2 Electrical Stimulation Devices
5.1.2.3 Gastric Balloon
5.1.2.4 Gastric Emptying
5.1.3 Other Devices
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allurion Technologies
6.1.2 ConMed Corporation
6.1.3 GEM SRL
6.1.4 B. Braun Melsungen AG
6.1.5 Karl Storz Gmbh & Co. KG
6.1.6 Medtronic Plc
6.1.7 Olympus Corporation
6.1.8 Spatz Medical
6.1.9 Atramat (Atramat Italia Srl)
6.1.10 Teleflex Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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