The global Intragastric Balloon Market is estimated to be valued at US$ 372.6 Million In 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Intragastric balloons are nonsurgical devices that aid in weight loss by occupying space in the stomach and creating a feeling of fullness. Intragastric balloons are effective, safe and minimally invasive for weight reduction and management of obesity or overweight conditions.
Market key trends:
One of the key trends in the intragastric balloon market is the rising preference for nonsurgical and minimally invasive weight loss procedures. With growing obesity worldwide, demand for effective yet less invasive weight management solutions is increasing. Intragastric balloons offer a safe and reversible option for weight loss without requiring surgery. They help in losing 10-15% of total body weight within 6 months. This is driving the uptake of intragastric balloons over high-risk bariatric surgeries.
Segment Analysis
The global intragastric balloon market is segmented by product, end use and filling material. By product, single intragastric balloons dominate the market due to advantages such as easy implantation process and removal. By end use, hospitals account for the largest share as most bariatric procedures are performed in hospitals. By filling material, saline-filled intragastric balloons hold the major market share owing to their low cost.
Key Takeaways
The global Intragastric Balloon Market size is expected to reach US$ 372.6 Million By 2023, expanding at a CAGR of 9.6% during the forecast period. The market is predicted to witness high growth due to increasing obesity prevalence worldwide mainly driven by sedentary lifestyle and unhealthy dietary habits.
Regional analysis
The US dominates the global intragastric balloon market and is expected to continue its lead during the forecast period. This can be attributed to rising obesity rates and availability of advanced intragastric balloon devices in the country. Europe is the second largest regional market backed by growing obese population and supportive government initiatives to address obesity.
Key players
Key players operating in the intragastric balloon market are Allergan (Acquired by Abbott), Apollo Endosurgery, Reshape Medical, Helioscopie Medical, Spatz FGIA, Endalis, Districlass Medical, Lexal, Medicone, Obalon Therapeutics, Silimed, Medsil, ReShape Lifesciences, EndoArt, MedSil, Silimed, Medsil, MetaCure, Semmle. Allergan (Acquired by Abbott) holds the major market share owing to its diversified portfolio of intragastric balloons and strong geographic presence worldwide.
The global Intragastric Balloon Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the intragastric balloon market include Allurion Technologies, Apollo Endosurgery, Inc., Districlass Medical SA, Endalis, Helioscopie Medical Implants, Lexel SRL, Halex Istar Indústria Farmacêutica Ltda (Medicone), Medsil, Obalon Therapeutics, Inc., Reshape Lifesciences Inc., Silimed Inc., Spatz FGIA Inc., and Shandong Institute of Medical Instruments.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Intragastric Balloon Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/intragastric-balloon-market/download-sampleMarket DynamicsRising obesity epidemic worldwide, which effect more than 600 million people globally.
The other factors that propel the market growth are technological advancement in weight loss management and devices coupled with reduced cost associated with treatment.
However, risks of acute pancreatitis and overinflation associated with intragastric balloon hampers the market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The newly added Intragastric Balloon Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the intragastric balloon market include Allurion Technologies, Apollo Endosurgery, Inc., Districlass Medical SA, Endalis, Helioscopie Medical Implants, Lexel SRL, HalexIstarIndústriaFarmacêuticaLtda (Medicone), Medsil, Obalon Therapeutics, Inc., Reshape Lifesciences Inc., Silimed Inc., Spatz FGIA Inc., and Shandong Institute of Medical Instruments.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Intragastric Balloon Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/intragastric-balloon-market/download-sampleMarket DynamicsRising obesity epidemic worldwide, which effect more than 600 million people globally.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.Additionally, these tools also give inclusive assessment of each application/product segment in the global market of intragastric balloon.Browse Global Intragastric Balloon Market Research Report with detailed TOC athttps://www.valuemarketresearch.com/report/intragastric-balloon-marketMarket SegmentationThe entire intragastric balloon market has been sub-categorized into product, filling material and end-use.
