Intragastric Balloons Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

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Intragastric Balloons Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Status : January, 2023 | Medical Devices

Report Digest

Global Intragastric Balloons Market: Overview

The globally accelerating problem of obesity is anticipated to aid in expansion of the global Intragastric balloons market during the forecast period 2020 to 2030. Intragastric balloon is a process of losing weight wherein a balloon filled with gas or saline is inserted in the stomach of the patient. This helps in reducing weight of the patient, thereby cutting down the risk of chronic diseases such as heart disorders. The rapidly growing adoption of fast-food culture and sedentary lifestyle of people will also boost this market in the coming years.

The global intragastric balloons market is classified on the basis of product type, filling material, administration, end-user, and region. In terms of product type, the market is grouped into triple intragastric balloon, dual intragastric balloon, and single intragastric balloon. Based on categorization by filling type, the market is bifurcated into gas filled and saline filled. In terms of administration, the market is classified into endoscopy and pill form. Further classification of end-use segment includes ambulatory surgical centers, clinics, and hospitals.

The report is based on qualitative and quantitative analysis of the global intragastric balloons market and emphasizes on trends and opportunities that will help attract higher revenues during the forecast period. It also focuses on drivers, restraints, opportunities, and challenges that will impact the market in one way or the other. The report further highlights the impact of COVID29 pandemic on the market and what measures can be adopted by manufacturers so as to indulge in more revenue generation. The report is available for sale on the company website.

Global Intragastric Balloons Market: Competitive Landscape

Vendors of the global intragastric balloons markets are indulging in various strategies to gain a competitive edge in the overall market. Some of these include new product launches, product quality check and upgrade, merger and acquisitions, and other joint ventures. Some of the players are also investing in research and development so as to emerge dominant in the global competition.

Some of the players of the global intragastric balloons market include;

  • Laxel Medical
  • MedSil, ReShape
  • Medical Inc.
  • Endalis
  • Spatz3
  • Obalon Therapeutics Inc.
  • Allurion Technologies Inc.
  • Apollo Endosurgery, Inc.

Global Intragastric Balloons Market: Drivers and Restraints

A prime factor boosting the global intragastric balloons market is the increasing adoption of sedentary lifestyle, coupled with rising number of obese population. This increases the need for weight loss treatments and the presence of trained professionals is also adding boost to the growth of the intragastric balloons market. Furthermore, the availability of cost-efficient treatment options is also expected to propel the growth of the market during the forecast period.

Global Intragastric Balloons Market: Regional Analysis

The global intragastric balloons market is regionally widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are further classified on the basis of nations. Among these, North America is predicted to hold a significant momentum in the coming years on account of the highest number of obese patients and higher adoption of weight loss treatment. This, coupled with a well-established healthcare infrastructure and facilities, and presence of skilled doctors and expert medical professionals are also responsible for the growth of this region.

On the other side, the market in Asia Pacific is likely to draw better revenues in the coming years on account of the rising population of obese people, increasing emphasis on physical fitness, thereby leading to higher adoption of weight loss treatments. Additionally, the adoption of unhealthy and sedentary lifestyle will further help this region attract notable revenues during the forecast period. Furthermore, the cost efficient treatment options available in the emerging economies such as India, Japan, and others is likely to promote the growth of the Asia Pacific region in the years to follow.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?