Global Intragastric Balloon Market By Overview
Gastric balloons constructed of soft biocompatible silicone material that are filled with sterile saline solutions or gas are known as intragastric balloons. Through a non-surgical endoscopic procedure, they are placed into the stomach. When an intragastric balloon is inflated, the capacity of the stomach is reduced, making a person feel filled faster and for longer. It would also result in a reduction in the amount of food consumed. This therapy is available to overweight and obese individuals with a BMI of 30 to 70 who are not candidates for weight loss surgery. To ensure the effectiveness of the intragastric balloon surgery, permanent healthy dietary and exercise adjustments are essential. The main benefit of this therapy is that it helps to avoid the risks that come with surgical procedures. However, it has a few drawbacks, including the fact that not all patients tolerate it and the danger of nausea and vomiting. If a patient does not follow the food and exercise plan, the balloons may cause weight loss to fail. The Global Intragastric Balloon Market accounted for US$ 14.2 million in 2020 and is estimated to be US$ 42.24 million by 2030 and is anticipated to register a CAGR of 11.5%.
Global Intragastric Balloon Market By Dynamics
Obesity is a major factor driving the market
Obesity is a huge health issue that affects people all over the world. Over the forecast period, the obesity epidemic is expected to continue to worsen, supporting market growth. According to estimates from the World Health Organization (2016), about 2 billion people are overweight, with around 650 million of them being obese. Furthermore, it is predicted that by 2025, 2.7 billion people would be overweight, with 1.0 billion being obese. Despite the high incidence of obesity and healthcare professional widespread approval of weight-loss surgical treatments (such as gastric bypass and sleeve gastrectomy), only 1% to 2% of the obese population is eligible for these procedures, resulting in substantial obesity-related mortality. For instance, According to World Health Organization figures, approximately 2.8 million people worldwide die each year as a result of obesity or overweight. This high death rate is expected to increase demand for less invasive techniques like an intragastric balloon. In 2017, the American Society for Metabolic and Bariatric Surgery (ASMBS) added the intragastric balloon to its list of approved procedures and devices as a therapeutic option. The ASMBS' approval and recommendation of this treatment is expected to boost the use of intragastric balloons.
Global Intragastric Balloon Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global intragastric balloon market report segments the market on the basis of type, application, and region.
Based on Type, Global Intragastric Balloon Market is segmented into Single Balloon, Dual Balloon, and Triple Balloon. Based on Application, Global Intragastric Balloon Market is segmented into Hosptials, Ambulatory Surgical Centres, and Clinics.
Regional Insights:
The Global Intragastric Balloon Market accounted for US$ 14.2 million in 2020 and is estimated to be US$ 42.24 million by 2030 and is anticipated to register a CAGR of 11.5%.
Based on the region the global intragastric balloon market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the intragastric balloons market, North America dominated the market due to high prevalence of obesity, the availability of trained specialists, and the widespread use of weight reduction treatments are all contributing to the market's growth in this region. Over the projected period, the intragastric balloon market in Asia Pacific is expected to grow at a quick pace. Some of the primary drivers driving the market in this region include an increase in the number of obese people, a rise in unhealthy lifestyles, and the availability of therapy at a reasonable cost.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type - Single Balloon, Dual Balloon, and Triple Balloon By Application - Hosptials, Ambulatory Surgical Centres, and Clinics |
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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 |
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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 2019 to 2029. For the purpose of this study, has segmented the global intragastric balloon market report based on Type, Application and Region.
Global Intragastric Balloon Market, By Region:
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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Global Intragastric Balloon Market By Key Players
The key players operating in the intragastric balloon market are Allurion Technologies, Apollo Endosurgery, Districlass Medical SA, Endalis, Helioscopie Medical Implants, Lexel Srl, Life Partners Europe, Medicone, Medsil and Obalon Therapeutics Inc.
Global Intragastric Balloon Market By Company Profile
- Allurion Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Apollo Endosurgery
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Districlass Medical SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Endalis
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Helioscopie Medical Implants
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Lexel Srl
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Life Partners Europe
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Medicone
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Medsil and Obalon Therapeutics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
Global Intragastric 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 Purview
- Executive Summary
- Key Findings—Global Outlook for Intragastric Balloon Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Intragastric Balloon Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Single Balloon
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Dual Balloon
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Triple Balloon
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Intragastric Balloon Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ambulatory Surgical Centres
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Clinics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Intragastric Balloon Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Allurion Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Apollo Endosurgery
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Districlass Medical SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Endalis
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Helioscopie Medical Implants
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Lexel Srl
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Life Partners Europe
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Medicone
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Medsil and Obalon Therapeutics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global intragastric balloon market report segments the market on the basis of type, application, and region.
Single intragastric balloons are expected to rise in popularity in the future, due to expanding awareness, rising demand for minimally invasive operations, the availability of numerous goods on the market, and scientific demonstrations of their safety and efficacy.
North America dominated the market due to high prevalence of obesity, the availability of trained specialists, and the widespread use of weight reduction treatments are all contributing to the market's growth in this region.
The key players operating in the intragastric balloon market are Allurion Technologies, Apollo Endosurgery, Districlass Medical SA, Endalis, Helioscopie Medical Implants, Lexel Srl, Life Partners Europe, Medicone, Medsil and Obalon Therapeutics Inc.