INTRAGASTRIC BALLOON MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Intragastric balloons have gained significant attention in the field of weight loss management. This non-surgical procedure involves the insertion of a balloon into the stomach, which occupies space and promotes satiety, leading to weight loss. The intragastric balloon serves as a temporary solution for individuals looking to shed excess pounds without undergoing invasive surgeries such as gastric bypass or sleeve gastrectomy.

Market Dynamics:

The global intragastric balloon market is expected to experience substantial growth in the coming years. Several factors contribute to this growth including the rising prevalence of obesity worldwide and the increasing demand for minimally invasive weight loss procedures. Additionally, the growing awareness about the long-term health risks associated with obesity is driving individuals to seek effective weight management solutions.

However, there are certain restraints that could impede the market growth. Adverse events, such as balloon deflation or migration, gastric ulcers, and gastrointestinal obstructions, have been reported in some cases, which might deter potential patients from opting for this procedure. Moreover, the high cost of intragastric balloon treatment and the lack of reimbursement options in some regions pose challenges for market penetration.

Despite these restraints, the market presents several opportunities for growth. Technological advancements in balloon design and materials, such as the introduction of adjustable balloons and self-sealing valves, offer improved patient outcomes and enhanced safety profiles. Moreover, the growing adoption of intragastric balloons in emerging markets provides significant opportunities for market expansion. For instance, in March 2023, Pristyn Care, a healthcare provider, collaborated with Allurion Technologies, a medical device company to introduce a comprehensive solution which is intragastric balloon for weight loss and obesity management. This innovative program introduces the world's first ingestible gastric balloon, eliminating the need for surgery, endoscopy, or anesthesia. The primary goal of the program is to assist patients in shedding approximately 10 to 15% of their body weight over a 16-week treatment period. As a result of the growing popularity of minimally invasive treatments and supportive initiatives, significant market expansion is anticipated.

Key Features of the Study:

• Market Size and Growth Rate: The report provides an in-depth analysis of the market size, measured in US$ million, and the Compound Annual Growth Rate (CAGR) for the forecast period of 2023-2030, considering 2022 serving as the base year
• Revenue Opportunities and Investment Proposition: The study identifies potential revenue growth opportunities across different market segments and presents attractive investment propositions for stakeholders
• Market Insights: It offers key insights into market drivers, restraints, opportunities, market trends, new product launches, regional outlook, and competitive strategies adopted by key players
• Company Profiles: The report profiles key players in the global intragastric balloon market, highlighting their company background, product portfolio, key highlights, financial performance, and strategies
• Key Players: The study includes prominent companies such as Allurion Technologies, Allergan (Acquired by Abbott), Apollo Endosurgery, Reshape Medical, Spatz FGIA, Endalis, Silimed, Medsil, and Districlass medical
• Decision-making Support: Insights from this report enable marketers and management authorities to make informed decisions regarding product launches, market expansion, and marketing tactics
• Stakeholder Considerations: The report caters to investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts in the intragastric balloon market, supporting decision-making through various strategy matrices

Intragastric Balloon Market Segmentation:

• By Product Type
• • Single Balloon
  • Dual Balloon
  • Triple Balloon
• By Filling Material
• • Saline Filled
  • Gas Filled
• By End User
• • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
• By Distribution Channel
• • Online Pharmacies
  • Retail Pharmacies
  • Hospitals Pharmacies
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in the Intragastric Balloon Market:
• • Allurion Technologies
  • Allergan (Acquired by Abbott)
  • Apollo Endosurgery
  • Reshape Medical
  • Spatz FGIA
  • Endalis
  • Silimed
  • Medsil
  • Districlass médical