A Triton Market Research report has determined that the bariatric surgery market in the Middle East and Africa is set to surge at CAGR of 8.74% during the projected period 2019-2028.
The countries scrutinized in the Middle East and Africa market are:
• Saudi Arabia
• United Arab Emirates
• South Africa
• Turkey
• Rest of Middle East & Africa
Due to the cost-effectiveness of weight loss surgeries in Turkey, many patients are traveling to the country to undergo these surgeries, saving about 80% of their treatment costs. For instance, in Turkey, the cost of gastric sleeve surgery is up to 70% less than the UK. Besides, the surgeries are performed by experienced doctors. Therefore, lesser cost, great hospitals, internationally successful doctors and tourist attractions are some of the major factors driving the bariatric surgery market growth in Turkey.
In South Africa, about 28.3% of adults were found to be obese. Hence, obesity is increasingly becoming a problem in developing countries. Bariatric surgeries have helped many obese people to lose a lot of weight. These surgeries may generally cost in the range of ZAR 60,000 to ZAR 140,000, depending upon the procedure. Besides, the only globally accredited center for the treatment of bariatric & metabolic conditions in the country is located in Midrand, Gauteng, named Netcare Waterfall City Hospital. Hence, the increasing obesity prevalence, especially among women and the growing number of weight loss surgeries, have been instigating the demand for the bariatric surgery market in South Africa, thus augmenting the market growth.
Aspire Bariatrics is a company revolutionizing obesity treatment with its non-surgical weight loss system, the AspireAssist. The company provides AspireAssist, which was FDA-approved in the US, based on randomized clinical trials at ten leading institutions, including Weill Cornell, Mayo Clinic, University of Pennsylvania, Brigham & Women’s, Northwestern University and Washington University in St. Louis. This system is available in different regions, including the Middle East.
Some key players in the bariatric surgery market are B. Braun Melsungen AG, The Cooper Companies Inc, Apollo Endosurgery Inc, Olympus Corporation, GE Healthcare (General Electric Company), Aspire Bariatrics, Lupin, Intuitive Surgical, Conmed Corporation, Reshape Lifesciences Inc, Medtronic, Abbott, Ethicon Inc (Johnson & Johnson) and Allergan.