Global Intragastric Balloon Market – Industry Analysis and Forecast
Posted: Jul 02, 2019
Global intragastric balloon market was valued US$ 148.6 Mn in 2017 and is expected to reach US$ 308.2 Mn by 2026, at a CAGR of 9.55% during a forecast period.
The global intragastric balloon market is segmented into the products, filling material, end-uses, and region.
In terms of products, the global intragastric balloon market is classified into a single balloon, dual balloon, and triple balloon. Based on the filling material, the global intragastric balloon market is divided into saline-filled, and gas-filled. Further end-uses, global intragastric balloon market are split hospitals, ambulatory surgical centers, and clinics.
Based on regions, the global intragastric balloon market is divided into five main regions are America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Intragastric balloon is one of the endoscopic treatment showed for obesity and is basically a modern weight-loss procedure. To ensure the success of the intragastric balloon procedure permanent healthy changes to diet and exercise is required.
In terms of filling material, Saline filled intragastric balloons accounted for largest revenue owing to the ability to reduce weight more effectively and quick detection of silicone balloon deflation due to methylene blue dye and will favor adoption rate. Saline-filled intragastric balloon treatment is used to lose about one-quarter of body weight.
Based on end-user, intragastric balloon hospitals is raising a remarkable rate during the forecast period due to the rising number of obesity cases across the globe. Furthermore, government policies for the implementation of high-quality patient care are attracting a large number of patients in hospitals to seek treatments. Growing disease burden and increasing healthcare investments have fuelled the growth of this segment.
Technological innovation in weight loss procedures & devices coupled with a reduced cost associated with treatment and preference for a minimally invasive technique for weight reduction is boosting the growth of the global intragastric balloons market.
Risks of acute pancreatitis, damage to the esophagus and overinflation associated with an intragastric balloon is hindering the market growth.
Availability of insurance for weight reducing procedures and presence of skilled professionals provide key opportunities to the intragastric balloon market.
Geographically, North America accounts the largest share due to more number of obese patients. In Europe increase in the prevalence of obesity and rising demand for weight loss products driving the market revenue growth.
Some of the main players in the global intragastric balloons market are Apollo Endosurgery, Allurion Technologies, Lexal Srl, Districlass Medical SA, Life Partners Europe, Fengh Medical, Medsil, Obalon Therapeutics, Phagia Technologies, PlenSat, ReShape Medical, Silimed, Spatz FGIA Inc, and Tulip Medical.
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The Scope of the Global Intragastric Balloon Market:
Global Intragastric Balloon Market, by Products:
- Single balloon
- Dual balloon
- Triple balloon
Global Intragastric Balloon Market, by Filling Material:
Global Intragastric Balloon Market, by End-uses:
- Ambulatory surgical centers
Global Intragastric Balloon Market, by Region:
- North America
- Middle East & Africa
- Asia Pacific
- Latin America
Key Players Operating In Global Intragastric Balloon Market:
- Apollo Endosurgery
- Allurion Technologies
- Lexal Srl
- Districlass Medical SA
- Life Partners Europe
- Fengh Medical
- Obalon Therapeutics
- Phagia Technologies
- ReShape Medical
- Spatz FGIA Inc
- Tulip Medical.
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