Gastric Balloon Market, By Type (Saline Filled and Gas Filled), By Application (Hospital, and Clinic), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI274919 | Publish Date: March 2024 | No. of Pages: 180

Global Gastric Balloon Market By Overview

Introduction:

Gastric Balloon Market was valued at US$ 110.9 million in 2024 and is projected to grow at a CAGR of 10.0% to reach US$ 263.7 million by 2034.

The gastric balloon system is a cutting-edge non-surgical weight-loss technique in which doctors insert a temporary gastric balloon in the stomach. Within the healthcare industry, the gastric balloon market is expanding, catering to people who struggle with obesity and overweight issues by offering non-surgical weight loss treatments. In order to induce fullness and decrease food intake, these balloons, which are usually made of silicone or hydrogel, are placed into the stomach endoscopically (by the mouth) and is inflated with saline or gas.

Some of the items are in the form of swallowable capsules, and the gastric balloon system will be inserted into the stomach by endoscopy via the oesophagus.  Patients only employ gastric balloon systems when proper nutrition and vigorous physical activity have not been able to reduce their weight and when surgery is not desired or advised. It is anticipated that the gastric balloon systems will result in reduced hospital stay and shortened recovery period which would lead medical practitioners to select these systems over other bariatric surgeries.

Patients are now determined to reduce weight as a result of growing awareness of the negative effects of obesity and the increased risk of developing other chronic illnesses in future. Apart from the previously mentioned aspects, developments in gastric balloon technology has resulted in a more affordable and safe techniques compared to surgical methods. As a result, the market for such devices is predicted to grow as long as healthcare providers continue to look for efficient weight-management strategies and to recognize obesity-related health problems.

Introduction - Gastric Balloon Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Gastric Balloon Market By Dynamics

Gastric Balloon Market Key Drivers:

  • Rise in obesity rates globally

One major factor propelling the gastric balloon business is the worldwide increase in obese population. There is an increasing need for efficient weight loss methods as obesity rates continue to rise globally. Rising demand, especially from people who might not be eligible for or would not prefer to undergo surgical procedures and are therefore emphasizing on non-surgical weight loss solutions like gastric balloons systems.

For instance, in March 2022, according to a report by World Health Organization (WHO), globally there are 650 million adults, 340 million teenagers, and 39 million children who are obese that are making up over 1 billion people. This number is still rising and would approximately have 167 million adults and children by 2025 whose health would deteriorate due to being overweight or obese.

  • Increasing need for non-surgical solutions  

The market is expanding due to consumers growing choice for less intrusive weight loss options. Also, due to its decreased risk, quicker recovery, and fewer postoperative consequences, minimally invasive medical devices and techniques are becoming more and more popular. Additionally, gastric balloons provide a transitional option between diet plans and bariatric surgeries. These factors are therefore further fueling the market growth of gastric balloons systems.

Gastric Balloon Market Restrains:

  • Strict Regulatory requirements & Approval Processes

Although they are usually thought to be harmless, gastric balloons might cause unfavorable and unwanted side effects such as vomiting, nausea, and balloon deflation in some individuals. While gastric balloons provide short-term weight loss, long-term benefits necessitate consistent lifestyle adjustments. As a result, this could make them less appealing to certain patients looking for long-term fixes. Also, market entry and product development of such systems can be impacted by strict regulatory requirements and approval processes, especially for novel technology.

Global Gastric Balloon Market By Segmentation

Gastric Balloon Market is segmented based on Type, Application, and Region.

Type Insights

  • Saline Filled: Saline filled balloons hold a major revenue share in this sector. Saline filled systems are filled with saline solution and then inserted into the stomach. Weight reduction and decreased food intake are the results of saline-filled balloons as they form a physical barrier in the stomach.
  • Gas Filled: Gas filled balloons are filled with gases like nitrogen or air. Gas-filled balloons cause satiety and restrict food intake, just the way how saline-filled balloons function.

Application Insights

  • Hospital: Hospitals segment make use of gastric balloons as a component of all-inclusive weight loss plans. Additionally, surgical and non-surgical weight loss procedures are commonly provided by hospitals in order to meet the varying demands of their patients.
  • Clinic: Clinics utilize gastric balloons for weight management, which includes outpatient centers and specialized weight reduction clinics. Patients who preferably seek non-surgical weight loss procedures may receive more individualized care and assistance in such settings.

Regional Insights:

Regional Insights - Gastric Balloon Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Gastric Balloon Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, due to factors like the rising rate of obese population, an increase in aging population, the strong presence of key industry players in the area, improved healthcare infrastructure, and rise in public awareness of available technologies among stakeholders in the healthcare industry. Also, a significant rise in product launches, and support through government initiatives is fueling the market growth in the region.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of obesity and obese individuals, rising healthcare infrastructure, and increased healthcare investments in the region. These factors are anticipated to drive the region's anti-obesity devices market.
  • Europe market is expanding due to rising emphasis on obesity control and preventative healthcare measures. This region represents a sizable market for gastric balloons. As an alternative to saline-filled balloons for weight loss therapies, gas-filled balloons are preferred in several European nations.
  • Latin America market is an emerging region for gastric balloons and is expanding moderately in this area due to the growing use of weight loss therapies and improved healthcare infrastructure. In nations where obesity rates are high, there are prospects for market growth as gastric balloons could provide a useful non-surgical option for managing weight.
  • Middle East & Africa market is in its developmental stages for the target market.  Due to increased awareness of lifestyle-related health conditions, the gastric balloon industry is steadily expanding across this region. While balloons filled with gas have potential uses in newly developed healthcare systems, balloons filled with saline may be utilized more frequently in established institutions.

Report Scope:

Attribute

Details

Market Size 2024

US$ 110.9 million

Projected Market Size 2034

US$ 263.7 million

CAGR Growth Rate

10.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Type - Saline Filled, and Gas Filled

By Application - Hospital, and Clinic

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Gastric Balloon Market report based on Type, Application and Region:

Gastric Balloon Market, By Type:

  • Saline Filled
  • Gas Filled

Gastric Balloon Market, By Application:

  • Hospital
  • Clinic

Gastric Balloon Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Gastric Balloon Market By Key Players

The key players operating the Gastric Balloon Market includes, Apollo Endosurgery, ReShape Medical, Helioscopie Medical Implants, Allurion, Spatz FGIA, Lexal, Obalon, Medsil, Endalis, Districlass Medical, and Medicone.

Global Gastric Balloon Market By Key Issues Addressed

Recent Development:

  • In August 2022, ReShape Lifesciences which is a physician-led weight loss and metabolic health solutions company received approval from Food and Drug Administration (FDA) 510(k) for the introduction of disposable Gastro intestinal Balloon Indicator (GIBI HD) calibration tube for use in gastric and bariatric surgical procedures.
  • In September 2022, Allurion released a swallowable gastric balloon capsule for weight loss in Indian market. It's a pill-sized capsule containing a single deflated balloon. Once inside the stomach, the balloon is inflated with sterile fluid via a controlled release mechanism using a thin catheter that is linked to the capsule. The balloon stays in the stomach for around 16 weeks, which makes you feel fuller and therefore reducing your appetite.

Global Gastric Balloon Market By Company Profile

  • Apollo Endosurgery*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ReShape Medical
  • Helioscopie Medical Implants
  • Allurion
  • Spatz FGIA
  • Lexal
  • Obalon
  • Medsil
  • Endalis
  • Districlass Medical
  • Medicone

“*” marked represents similar segmentation in other categories in the respective section.

Global Gastric Balloon Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Saline Filled
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Gas Filled
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hospital
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Clinics
    • Overview
    • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)

  • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Mn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Mn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Mn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Mn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Mn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Mn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Apollo Endosurgery
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ReShape Medical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Helioscopie Medical Implants
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Allurion
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Spatz FGIA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lexal
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Obalon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medsil
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Endalis
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Districlass Medical
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medicone
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Gastric Balloon Market is segmented into Type, Application, and Region.

Factors include the increasing prevalence of obesity, a growing emphasis on non-surgical weight loss solutions, and advancements in gastric balloon technologies.

Challenges include potential side effects, limited long-term efficacy, and regulatory considerations affecting market adoption and growth.

The report encompasses global regions, and factors like the high prevalence of obesity and increasing healthcare awareness suggest that North America may dominate the market.

Apollo Endosurgery ReShape Medical Helioscopie Medical Implants Allurion Spatz FGIA Lexal Obalon Medsil Endalis Districlass Medical Medicone