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 : April, 2021 | 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?