Intragastric Balloon Market Share, Trends, Demand, Growth Drivers, Challenges, Business Opportunities and Forecast Research Report 2033


Intragastric Balloon Market Share, Trends, Demand, Growth Drivers, Challenges, Business Opportunities and Forecast Research Report 2033: SPER Market Research

 Category : Healthcare

 Published: Jul-2023
 Author: SPER Analyst

Intragastric Balloon Market is projected to be worth USD 0.38 billion by 2033 and is anticipated to surge at a CAGR of 17.31%.

The objective of gastric balloon surgery, a novel weight loss approach, is to promote satiety and reduce food intake by creating a sensation of fullness even after consuming small meals. This weight loss procedure, known as intragastric balloon, offers a non-surgical alternative. It involves the insertion of a silicone balloon filled with saline or gas, which regulates food consumption and aids in weight loss. Intragastric balloons have been utilized since 1985 as a common method for treating obesity and facilitating weight reduction.

Global Intragastric Balloon Market Driving Factors and Challenges

Several important elements are what drive the global intragastric balloon market. First and foremost, the rising prevalence of obesity in the world is a crucial driving force, as rising obesity rates fuel increased demand for efficient weight loss treatments. Additionally, people who favour minimally invasive alternatives to surgical interventions are drawn to intragastric balloon procedures because of their non-surgical approach. Additionally, as people become more aware of the health hazards associated with obesity, they place a higher priority on weight management, which has increased demand for intragastric balloon treatments. Additionally, through enhancing patient outcomes and satisfaction, technological developments in intragastric balloon devices, such as better materials and additional safety features, support market expansion.

The intragastric balloon market does, however, also confront a number of difficulties. First off, there is limited long-term efficacy since, if lifestyle modifications are not maintained, people may experience weight gain once the balloon is withdrawn. Patient safety and satisfaction may be impacted by potential side effects and complications such nausea, vomiting, and stomach ulcers. Another concern is cost and payment because some people may not be able to afford or access intragastric balloon treatments, particularly in areas with limited insurance coverage or reimbursement choices. The rivalry from surgical weight loss methods, which provide more significant and durable results, also poses a problem for the uptake of intragastric balloons. The ongoing expansion of this industry will depend on overcoming these difficulties and addressing long-term efficacy, safety, cost, and competition.

Impact of COVID-19 on Global Intragastric Balloon Market
The COVID-19 epidemic has had a major influence on the intragastric balloon business worldwide. The outbreak caused delays in the delivery of non-essential medical services, including elective surgery. This led to a decrease in the quantity of intragastric balloon treatments carried out throughout the pandemic. The production and delivery of intragastric balloons were also impacted by logistical issues and supply chain delays. The market is anticipated to revive when things start to get better nevertheless, led by the renewed interest in elective treatments and the increased focus on weight management. The success of containment measures, vaccination rates, and the global healthcare systems' ability to recover will all have an impact in the long run.

Intragastric Balloon Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Allurion Technologies, Inc., Apollo Endosurgery, Inc., Endalis, Helioscopie, Lexel Medical, MEDSIL, Obalon Therapeutics, Inc., ReShape Medical, Inc., Spatz3, others.

Global Intragastric Balloon Market Segmentation:

By Type: Based on the Type, Global Intragastric Balloon Market is segmented as; Dual Intragastric Balloons, Single Intragastric Balloons, Triple Intragastric Balloons.

By Administration: Based on the Administration, Global Intragastric Balloon Market is segmented as; Endoscopy, Pill Form.

By Filling Material: Based on the Filling Material, Global Intragastric Balloon Market is segmented as; Gas Filled, Saline Filled.

By End User: Based on the End User, Global Intragastric Balloon Market is segmented as; Ambulatory surgical centers, Clinics, Hospitals.

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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