The Spain Bariatric Surgery Market is expected to register a CAGR of 2.6% during the forecast period. There are certain factors propelling the growth of the market, includes growing government initiatives to curb obesity, increasing obesity patients, and rising prevalence rate of type 2 diabetes and heart diseases.

According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the prevalence of obesity among adults in Spain was 16.2% in women and 17.5% in men. Furthermore, two out of three men were overweight and 1 in 6 people was obese in Spain. One in 3 children aged 13 to 14 were overweight. The proportion of adults who were overweight is projected to rise a further 10% during the next 10 years.

Thus, the high prevalence of obesity in Spain is expected to be influential in propelling the growth of the Spain bariatric surgery market. This, along with government initiatives to curb obesity, is anticipated to lead to the growth of the Spain bariatric surgery market.

Key Market Trends

Closure Device is Expected to Register a High CAGR in the Assisting Device Segment

The closure devices segment is expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures.

Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully and safely closes port sites in obese patients undergoing bariatric procedures and surgeries.

In Spain, the nutrition, physical activity, and prevention of obesity (NAOS) Strategy were launched from the Ministry of Health, through the Spanish Food and Nutrition Agency in 2005 with aim of raising awareness regarding obesity that contribute to ensuring that citizens, especially children, and youth adopt healthy lifestyle habits, primarily through diet healthy and regular practice of physical activity.

Furthermore, in 2019, the Gasol Foundation initiated a program called "childhood obesity". In addition, in-development programs Such as HAPPI (Healthy Active Preschool Parents Initiative) is an early childhood healthy habits promotion project with the goal of preventing obesity in early childhood.This programs will boost the market and increases the bariatric surgeries in Spain. Thus, owing to above factors the segment is expected to show healthy growth rate in near fututre.

Competitive Landscape

The Spain bariatric surgery market is moderately consolidated competitive with the presence of major players, such as Medtronic Plc, Apollo Endosurgery, Inc, Teleflex Incorporated, Intuitive Surgical, Spatz FGIA, TransEnterix and USGI Medical. With the growing medical device market, it is expected that a few more new players will be penetrating the market in the coming future.

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