United Kingdom Bariatric Surgery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The United Kingdom bariatric surgery market is expected to register a CAGR of 5% during the forecast period.
The COVID-19 pandemic had affected the healthcare system around the world and so does the United Kingdom. The pandemic also impacted the United Kingdom's bariatric surgery market. Due to the lockdown and government regulations, people in the United Kingdom were unable to go to work and exercise, and the increased stress due to the pandemic also contributed to obesity in people in the country. For instance, in May 2020, an article titled, “The Impact of COVID-19 Pandemic on Obesity and Bariatric Surgery” reported that elective bariatric surgery has come to a grinding halt during this pandemic in the United Kingdom. Thus, an overall reduction in elective, urgent, and bariatric surgical procedures was observed during the lockdown period led to a decreased demand for these surgical systems which impacted its growth. However, after a few months, the market witnessed significant growth as these surgical services got resumed.
The major factors contributing to the growth of the bariatric surgery market in the United Kingdom include an increase in obesity among people, a rising burden of diabetes and heart diseases, and rising government initiatives. In March 2022, United Kingdom Obesity Statistics Factsheet reported that in the year 2020 around three-quarters of those aged 45-74 were overweight or obese and obesity levels have increased from 15% to 28% in the last three decades. Similarly, the National Survey for Wales reported in 2020/21, 26% of women and 22% of men reported being obese (BMI over 30), and 66% of men were overweight or obese, compared with 56% of women. Also, Health Survey, Northern Island, 2021 reported that about 20% of people in the country do not do any physical exercise. The lack of physical activity is another reason for obesity. The National Child Measurement Programme 2020/21 (NCMP) found that 14.4% of reception-age children in England (age 4-5) were obese, with a further 13.3% overweight. These proportions were higher among year 6 children (age 10-11), with 25.5% being obese and 15.4% overweight. Being overweight or obese is associated with an increased risk of several common diseases and causes of premature death, including diabetes and cardiovascular disease. Hence, as the prevalence of obesity is increasing, bariatric surgeries will also rise, which is expected to propel market growth.
Apart from this, the technological developments in the products related to bariatric surgery are also contributing to the growth of the studied market. For instance, in September 2020, Smith & Nephew, launched NOVOSTITCH PRO Meniscal Repair System, a technologically advanced automated suturing device to expand its product portfolio. Similarly in October 2021, Spatz launched the United States Food and Drug Administration (USFDA) approved Spatz3 gastric balloon, the first adjustable gastric balloon system, to aid in weight loss for adult patients struggling with obesity in the United Kingdom along with 40 other countries.
Obesity is one of the leading risk factors for type-2 diabetes and the presence of diabetes can increase the risk of heart disease. The growing health concern and rising incidences of obesity in developing countries are other factors largely expected to contribute to the growth of this market in the coming years. Moreover, growing government initiatives is also contributing to the growth of the studied market. For instance, in 2021 United Kingdom government revised its policies to take care of obese patients undergoing bariatric surgery, it includes- equipping the National Health Service (NHS) for the rapidly growing obese population in England, mandating proper operational policies needed for the planning, assessment, and management of the manual handling risks for the care and treatment of bariatric patients and designing buildings and vehicles to accommodate bariatric patients in safety and comfort and with dignity. Such government initiatives in the country are, making people feel secure and comfortable, thus more people are opting for this surgical procedure, thereby driving the studied market.
Thus, due to aforesaid mentioned reasons, the market is expected to witness significant growth over the forecast period. However, the high cost of surgery may slow down its growth over the forecast period.
Key Market TrendsClosure Device Segment is Expected to Witness a Significant Growth Over the Forecast Period.The closure device is usually a metallic clip, or suture (stitch) designed to provide immediate sealing of the small puncture made during bariatric surgery procedures, thereby preventing the chance of internal bleeding. Closure devices are expected to witness significant growth because of the increased number of bariatric surgery and obesity-related cardiovascular surgical procedures performed in the United Kingdom. Obesity causes the body cells to become resistant to insulin, which leads to high blood glucose and leading to diabetes. The high blood glucose from diabetes damages blood vessels and the nerves that control the heart and blood vessels subsequently contributing to heart diseases. Thus, obesity also contributes directly to incident cardiovascular risk factors, including dyslipidemia, type 2 diabetes, hypertension, and sleep disorders.
The increasing cases of obesity are related to an increase in cardiovascular disease, thereby increasing the demand for closure devices. The high prevalence of cardiovascular diseases (CVDs) is one of the reasons for driving this segment. The British Health Foundation released in August 2022, reported that the United Kingdom factsheet reported that 7.6 million people are living with heart disease in the country and around 4 million males and 3.6 million females are living with heart and circulatory diseases in the United Kingdom. Thus, the high incidence of obesity in the country is driving the demand for bariatric surgery, which in turn is causing an increased demand for closure devices.
The use of closure devices causes less pain and discomfort to patients compared to manual compression. These devices also stop bleeding more quickly, meaning that, following a procedure, patients can move about and leave the hospital sooner than if other techniques had been used. The laparoscopic port closure device successfully closes port sites in obese patients undergoing bariatric procedures and surgeries. The number of hospitals and surgical centers is increasing in both developed and emerging countries. The demand for surgical equipment such as closure devices is increasing owing to the increasing patient population base undergoing surgeries in the United Kingdom. For instance, in October 2020, the Prime Minister of the United Kingdom initiated a plan of investing USD 4.3 billion in 40 hospitals and certain schemes for future funding for 48 hospitals by 2030.
Thus, due to the aforesaid mentioned reasons, this segment is expected to witness significant growth over the forecast period.
Competitive LandscapeThe United Kingdom bariatric surgery market is moderately consolidated in nature due to the presence of fewer companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Apollo Endosurgery, Inc., B. Braun Melsungen AG, Intuitive Surgical, Inc., Johnson and Johnson, Medtronic PLC, Olympus Corporation, and Standard Bariatrics, Inc.
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