The intragastric balloon market growth will be augmented by the escalating prevalence of obesity and an increasing demand for weight-reducing procedures. As per the World Health Organization (WHO), nearly 13% of the world population in 2016 suffered from obesity, of which over 1.9 billion adults were overweight and more than 650 million were obese. Notably, in many parts of the world, obesity and associated complications cause more deaths than any other health problem.
The advancements in non-surgical and non-invasive procedures have made them a preferred option among consumers for treatment of obesity. High preference for such medical procedures will result in increased demand for intragastric balloon treatment in the coming years. The non-incisional advantage of intragastric balloon procedure and the complications associated with traditional surgical options will drive patient inclination towards non-surgical treatment options.
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Gas-filled intragastric balloon system helps in reducing nearly 7% of the total body weight within 6 months, resulting in higher patient satisfaction. Also, the better quality of balloon enhances patient compliance at removal and helps avoid incidences of spontaneous deflations of the devices. Reportedly, gas-filled intragastric balloon market captured nearly 36% of the overall industry share in 2018 and will grow substantially over the next few years
The results have sent the industry participants in a tizzy, and are claimed to provide a positive impetus to the R&D programs revolving around bringing forth better product innovations to augment intragastric balloon industry statistics.
Regionally, the intragastric balloon has quite an enviable geographical landscape, with its prominence spread over countries such as the U.S., Canada, Brazil, UK, France, Australia, China, etc. The UK and China however, are anticipated to be among the top countries where the industry has established its position. Indeed, the Organization for Economic Co-operation and Development (OECD) affirm that over one in four adults in the UK are diagnosed with obesity on a yearly basis.
The inclination toward enhancing the healthcare infrastructure in terms of cost, treatment methodologies, and technological developments will significantly fuel intragastric balloon industry size in the coming years. Taking into consideration the competitive outlook, the major intragastric balloon industry players are adopting mergers & acquisitions as the key strategy to accomplish global expansion and recognition. Allurion Technologies, Obalon Therapeutics Inc., ReShape Medical Inc., Silimed, Districlass Medical and Apollo Endosurgery Inc. are few of the notable participants of the intragastric balloon market.
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Partial Chapter of the Table of Content
Chapter 4. Intragastric Balloon Market, By Product
4.1. Key segment trends
4.2. Single intragastric balloon
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.2.2. Market size, by region, 2014 – 2025 (No. of procedures)
4.2.3. Market size, by region, 2014 – 2025 (Units sold)
4.3. Dual intragastric balloon
4.3.1. Intragastric Balloon Market size, by region, 2014 – 2025 (USD Million)
4.3.2. Market size, by region, 2014 – 2025 (No. of procedures)
4.3.3. Market size, by region, 2014 – 2025 (Units sold)
4.4. Triple intragastric balloon
4.4.1. Market size, by region, 2014 – 2025 (USD Million)
4.4.2. Market size, by region, 2014 – 2025 (No. of procedures)
4.4.3. Market size, by region, 2014 – 2025 (Units sold)
Chapter 5. Intragastric Balloon Market, By Filling Material
5.1. Key segment trends
5.2. Saline-filled balloon
5.2.1. Market size, by region, 2014 – 2025 (USD Million)
5.3. Gas-filled balloon
5.3.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 6. Intragastric Balloon Market, By End-use
6.1. Key segment trends
6.2.1. Market size, by region, 2014 – 2025 (USD Million)
6.3. Ambulatory surgical centers
6.3.1. Market size, by region, 2014 – 2025 (USD Million)
6.4.1. Market size, by region, 2014 – 2025 (USD Million)
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