"Designing Growth Strategies is in our DNA"
Intragastric balloon placement is a weight loss procedure which includes the placing of a saline filled or gas filled balloon inside the stomach of an individual. The placement of an intragastric balloon helps lose weight, thus eliminating the risk of chronic heart diseases or stroke and high blood pressure. Growing prevalence of obesity across the globe is one of the major factor augmenting growth of Intragastric balloon market. Adoption of sedentary lifestyle coupled with increasing habit of alcohol consumption are leading to the growing incidence of obesity. For instance, as per World Health Organization (WHO), in 2016, more than 1.9 billion adults were over weight. Hence, growing incidence of obesity will strongly impact the growth of intragastric balloon market across the forecast period.'
Key Market Driver -
Growing prevalence of obesity will significantly boost market growth
Key Market Restraint -
Stringent government regulations for approval of such procedure
The major factor expected to drive the intragastric balloon market is growing prevalence of obesity across various regions of the world. Moreover, increasing technological advancements pertaining to intragastric balloon procedures is another chief factor stimulating makret growth. The intragastric balloon placement procedure is associated with significant efficacy in relief of comorbid disease symptoms through body weight reduction. Anatomically, this proceudre is based on gastric space-occupying effects that rises the feeling of satiety and also affect gut neuroendocrine signaling. Technolgical enhancements associated with these intragastric balloons include the integration of dual and triple balloons to prevent migration of the device from the stomach to the intestines if a balloon deflation occurs, thus reducing the risk of intestinal obstruction. Moreover, increasing awareness and growing preference among the population for minimally invasive procedures, owing to its shorter recovery time span is another significant factor propelling market growth.
However, lack of awareness regarding obesity, especially in emerging countries is limiting the number of patients undergoing the procedure. This is prime factor limiting the growth of the intragastric balloon market. Additionally, side effects such as abdominal or back pain, acid reflux or indigestion, associated with intragastric balloon placement procedures might restrict market growth across the forecast period.
By product type, the market is segmented into single intragastric balloon, dual intragastric balloon and triple intragastric balloon.
Based on filling material the market is classified as saline-filled and gas-filled balloons. Furthermore, based on end-user the market is bifurcated into hospitals, ambulatory surgical centers, clinics and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global intragastric balloon market report includes Allurion Technologies Inc., Apollo Endosurgery, Inc., Districlass Médical, ENDALIS, Helioscopie Medical Implants, LEXEL S.R.L., EnteroMedics Inc. (ReShape Lifesciences, Inc). and others.
To gain extensive insights into the market, Request for Customization
The global intragastric balloon market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global intragastric balloon market in 2018, owing to increasing incidence of obesity across various countries of North America and Europe. Moreover, increasing number of major players entering the Asia Pacific region through various inorganic growth strategies will further augment market growth across the region. Also, Latin America and Middle East & Africa are projected to register a lucrative growth across 2018-2026, owing to growing awareness among the population about several benefits associated with intragastric balloon placement procedures.
By Product Type
By Filling Material Type
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry