2024-2033 Intragastric Balloons Market Outlook: Unlocking Growth Potential
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What is the Expected Growth Rate of the Intragastric Balloons Market from 2024 to 2033?
The intragastric balloons market is projected to grow from $17.85 billion in 2023 to $19.89 billion in 2024, achieving a CAGR of 11.4%. Growth drivers include rising obesity rates, increasing healthcare expenditure, clinical evidence, FDA approvals, awareness campaigns, improved balloon designs, and growing medical tourism.
The intragastric balloons market is expected to grow rapidly, projected to reach $30.75 billion by 2028 with a CAGR of 11.5%. Growth drivers include celebrity endorsements, obesity-related health issues, emerging market expansions, increased endoscopic procedures, an aging population, and personalized treatment approaches. Key trends encompass technological innovations, social media
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What Key Factors Are Fueling the Growth of the Intragastric Balloons Market?
The increasing rates of obesity are expected to propel growth in the intragastric balloon market. Rising obesity rates result from dietary habits, sedentary lifestyles, and other factors. Intragastric balloons offer a non-surgical weight loss option by creating a feeling of fullness. The Office for Health Improvement & Disparities reported that 25.9% of adults in England were estimated to be obese in 2021-2022, an increase from the previous year. Thus, the rising obesity rates are driving the intragastric balloon market.
What Are the Major Segments of the Intragastric Balloons Market?
1) By Type: Single, Dual, Triple Intragastric Balloons
2) By Filling Material: Saline Filled, Gas Filled
3) By Distribution Channel: Online Pharmacies, Retail Pharmacies, Hospital Pharmacies
4) By Application Areas: Obesity, Diabetes, Diet Control, Weight-loss, Pre-operative Weight Reduction, Other Applications
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
What New Trends Are Transforming the Intragastric Balloons Market?
Companies in the intragastric balloon market are advancing medical weight-loss devices like swallowable gastric balloons to improve patient comfort and accessibility. These non-surgical devices occupy space in the stomach to promote a feeling of fullness. In September 2022, Allurion Technologies Inc., a US medical device firm, launched a swallowable gastric balloon capsule in India. This is the world’s first non-surgical swallowable gastric balloon that does not require endoscopy or anesthesia for placement or removal, providing a safe and effective weight loss solution.
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Which Regions Are Driving Growth in the Intragastric Balloons Market?
North America was the largest region in the intragastric balloons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intragastric balloons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Intragastric Balloons Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the intragastric balloons market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Intragastric Balloons Market Include
1. Intragastric Balloons Market Executive Summary
2. Intragastric Balloons Market Segments
3. Intragastric Balloons Market Size And Template Market Growth Rate
4. Key Intragastric Balloons Market Trends
5. Major Intragastric Balloons Market Drivers
……
25. Key Mergers And Acquisitions In The Intragastric Balloons Market
26. Top Intragastric Balloons Companies
27. Intragastric Balloons Market Opportunities And Strategies
28. Intragastric Balloons Market, Conclusions And Recommendations
29. Appendix
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