According to the latest report by IMARC Group, titled “Intragastric Balloons Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global intragastric balloons market size reached strong growth in 2019. Intragastric balloons are inflatable balloons that are made up of soft biocompatible silicone materials filled with sterile saline solutions or gas. They are placed inside the stomach walls through minimally invasive surgery or non-surgical endoscopic procedure. This procedure helps in losing weight as it restricts the amount of food stored in the stomach, which provides an early feeling of satiety.
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The rising obesity rate across the globe represents the primary factor impelling the growth of the market. This can be attributed to sedentary and unhealthy lifestyles, which have compelled individuals to opt for various medically certified weight-loss procedures, including intragastric balloons. These devices also serve as an effective non-surgical alternative for weight-loss as they are inserted orally and do not require any incisions on the body. This represents another driver for the market. Moreover, technological advancements and product innovations in the field of medical sciences have helped manufacturers in introducing intragastric balloons with adjustable gas/saline volumes. This is expected to create a positive outlook for the market in the upcoming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2020-2025.
Breakup by Product:
- Single Intra Gastric Balloon
- Double Intra Gastric Balloon
- Triple Intra Gastric Balloon
Breakup by Filling Material:
- Saline Filling
- Gas Filling
Breakup by Implanting Procedure:
Breakup by Application:
- Diet Control
- Pre-Operative Weight Reduction
Breakup by End-User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
The competitive landscape of the industry has also been examined with some of the key players being:
- Apollo Endosurgery
- Obalon Therapeutics Inc.
- ReShape Medical Inc.
- Allurion Technologies Inc.
- Spatz Fgia Inc.
- Districlass Medical SA
- Lexel SRL
- Silimed Inc.
- Shandong Institute of Medical Instruments
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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