According to the latest report by IMARC Group, titled "Intragastric Balloons Market Report by Product (Single Intragastric Balloon, Double Intragastric Balloon, Triple Intragastric Balloon), Filling Material (Saline Filling, Gas Filling), Implanting Procedure (Surgical, Non-Surgical), Application (Obesity, Diabetes, Diet Control, Weight-Loss, Pre-Operative Weight Reduction, and Others), End-User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and Region 2024-2032," the global intragastric balloons market reached a value of US$ 63.6 Million in 2023. Intragastric balloon therapy refers to a minimally invasive method of inducing weight loss. Intragastric balloons are made from biocompatible silicone materials. They are most commonly filled with sterile gas or saline solutions and are inserted into the stomach through a non-surgical endoscopic procedure. This therapy results in promoting the feeling of satiety and restriction in the patients by reducing the volume of their stomachs. This consequently confines the amount of food stored by the stomach. This makes the user feel fuller quickly and for longer periods, thereby resulting in reduced food intake. This procedure is widely prescribed to individuals suffering from obesity, with the body mass index (BMI) of the individual ranging from 30 to 70.
Global Intragastric Balloons Market Trends:
The market is primarily driven by the rise in the prevalence of obesity on the global level. This can be attributed to the sedentary lifestyles led by the majority of the population who participate in little to no physical activities. There has also been a major shift toward the increasing consumption of unhealthy convenience foods, which has resulted in the rising incidences of weight-related health concerns in more than half of the global population. This, in turn, has contributed to the growing demand for medically certified weight-loss procedures, such as bariatric surgery and intragastric balloon therapy. Along with this, there has been a growing preference for minimally invasive (MI) procedures as they do not result in post-operative complications, unlike traditional surgeries. Intragastric balloons are, therefore, an excellent option for reducing weight as they are placed endoscopically in the human body with no incision. Furthermore, extensive research and development (R&D) activities, along with the introduction of product variants with minimal side-effects, such as nausea, vomiting, ulceration and gastric erosion, are acting as other major growth-inducing factors. These balloons are also designed with antimigration properties to avoid migration and allow balloon volume adjustment. Other factors, such as rising commercial availability of the product and the increasing healthcare expenditure, are expected to create a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 10.3% during 2024-2032.
Market Summary:
- On the basis of the product, the market has been divided into single, double and triple intragastric balloons.
- Based on the filling material, the market has been bifurcated into saline and gas filling.
- On the basis of the implanting procedure, the market has been classified into surgical and non-surgical.
- Based on the application, the market has been categorized into obesity, diabetes, diet control, weight-loss, pre-operative weight reduction and others.
- On the basis of the end-user, the market has been segmented into hospitals and clinics, ambulatory surgical centers, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the industry has been examined in the report with the detailed profiles of the key players. Some of these players include Apollo Endosurgery Inc., Obalon Therapeutics, Inc., ReShape Medical Inc., Medicone, MedSil, Allurion Technologies, Inc., Helioscopie, Spatz FGIA, Inc., PlenSat BV, Districlass Medical SA, Endalis, LEXEL S.R.L., Silimed, and Shandong Institute of Medical Instruments.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Product, Filling Material, Implanting Procedure, Application, End-User, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Apollo Endosurgery, Obalon Therapeutics Inc., ReShape Medical Inc., Medicone, Medsil, Allurion Technologies Inc., Helioscopie, Spatz Fgia Inc., PlenSat, Districlass Medical SA, Endalis, Lexel SRL, Silimed Inc. and Shandong Institute of Medical Instruments |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |
Americas: - +1 631 791 1145 | Africa and Europe: - +44-753-713-2163 | Asia: +91-120-433-0800