Global Intragastric Balloons Market to reach $270mn by 2024

• The medical research report "Intragastric Balloons Market Size By Product (Single, Dual, Triple), By Filling Material (Saline, Gas), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, Poland, Japan, India, China, Australia, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Egypt), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" by Global Market Insights, Inc. says Intragastric balloons market, having held a revenue of USD 120 million in 2015, is projected to depict an upward trajectory with a CAGR of 9.5% over the period of 2016-2024.

Intragastric balloons market is revolutionizing the healthcare space with an estimated target revenue of USD 270 million by 2024. The modern day sedentary lifestyle is leading to a plethora of health risks, with obesity at the top of the list. A recent estimation by WHO depicts that global obese population has become two-fold since 1980, primarily driven by the U.S. and Sub-Saharan regions. There has always been a surge in demand for cost effective and safe weight reduction methods, and intragastric balloons has proved to be an attractive intermediate alternative to address this need.

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Below is an in-depth analysis of intragastric balloons market based on product, filling material, end-use, and regions over the period of 2016-2024:

Single, dual, and triple are the three product types of intragastric balloons industry. Single intragastric balloons market consumed more than half of the total market in terms of revenue in 2015, and is anticipated to record a striking annual growth rate of 8.5% over the coming seven years. Dual balloon industry is also projected to surpass a revenue of USD 85 million by 2024, with an estimated CAGR of 9.5% over the forecast span. Growing patient inclination toward minimally invasive treatments over bariatric surgeries such as sleeve gastrectomy and gastric bypass is pushing triple intragastric balloons market. It is set to grow lucratively at a CAGR of 11% over 2016-2024.

Intragastric balloons are inflated with saline and gas. Gas-filled intragastric balloons demand in the market is heightening, as its three-layered bacteria resistant design ensures the patients’ comfort in case of balloon deflation. This market is anticipated to exhibit a significant annual growth rate of 10% in the coming time frame. Saline filled intragastric balloons market dominated the industry in 2015 and is projected to contribute sufficient revenue toward the overall market, with a speedy annual growth rate of more than 9% over the forecast span.

Browse key industry insights spread across 110 pages with 99 market data tables & 8 figures & charts from the report Intragastric Balloons Market in detail along with the table of contents:

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In 2015, global intragastric balloons industry share from hospitals was almost 40% of the total volume with a revenue collection of more than USD 45 million. Abundance of skilled professionals, sufficient technological know-how, and lump sum funding is catalyzing the industry growth in this sector. Ambulatory surgical centers will also contribute significantly toward the market share, with a CAGR projection of 9.5% over the period 2016-2024.

Geographically, China intragastric balloons industry size surpassed USD 4 million in 2015. India covered 14% of the regional revenue in the same year. Flourishing medical infrastructure and increasing awareness toward early stage diagnosis are some of the factors fueling the regional industry. U.S. intragastric balloons industry, which held 85% of the total volume in 2015, is also expected to have significant growth prospects in the years ahead.

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Prominent participants operating in intragastric balloonsindustry are Apollo Endosurgery, ReShape Medical, Allurion technologies, and Spatz FGIA.

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Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe.