The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Intragastric Balloons Global Market Report 2024, the intragastric balloons market is expected to show promising growth in the forecast period.

The intragastric balloons market has seen significant growth over recent years and is projected to continue expanding rapidly. This growth is driven by several factors, including rising obesity rates, increasing healthcare expenditures, and advancements in balloon design and technology.

Market Size and Growth Projections

• Current Market Size: The intragastric balloons market grew from $17.85 billion in 2023 to $19.89 billion in 2024, with a CAGR of 11.4%.
• Future Projections: It is expected to reach $30.75 billion by 2028, growing at a CAGR of 11.5%.
• Growth Drivers: Increased obesity rates, expanding healthcare expenditures, and the popularity of non-surgical weight loss solutions are primary drivers.

Key Factors Influencing Market Growth

• Obesity Epidemic: The rise in global obesity rates is a significant factor in market growth. Obesity, often defined by a BMI of 30 or higher, is driven by poor dietary habits, sedentary lifestyles, and urbanization.
• Non-Surgical Options: Intragastric balloons offer a less invasive alternative to traditional bariatric surgery, appealing to patients seeking effective weight loss without the risks associated with surgery.

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Technological Advancements and Innovations

• Swallowable Gastric Balloons: Companies are focusing on developing innovative solutions such as swallowable gastric balloons that do not require surgery or anesthesia.
  • Example: In 2022, Allurion Technologies introduced a swallowable gastric balloon capsule in India, which offers a non-surgical approach to weight loss, enhancing patient comfort and accessibility.
• Digital Integration: There is growing integration of digital health platforms and AI to improve patient outcomes through better monitoring and personalized care.

Strategic Acquisitions and Market Expansion

• Boston Scientific’s Acquisition of Apollo Endo-surgery: In 2022, Boston Scientific acquired Apollo Endo-surgery for $615 million, expanding its portfolio of weight loss solutions. This move highlights the increasing consolidation in the market as companies strive to offer comprehensive solutions to their customers.
• Expansion in Emerging Markets: The market is seeing significant growth in emerging regions due to increased awareness and adoption of minimally invasive weight loss procedures.

Segmentation and Regional Insights

• Types of Intragastric Balloons: Single, dual, and triple balloons are available, catering to different patient needs.
• Filling Materials: Balloons are either saline or gas-filled, with each type offering specific advantages based on patient and clinician preferences.
• Distribution Channels: Products are distributed through online pharmacies, retail pharmacies, and hospital pharmacies.
• Application Areas: Besides obesity, intragastric balloons are used for diabetes management, diet control, weight-loss programs, and pre-operative weight reduction.
• End-Users: The primary users include hospitals, clinics, ambulatory surgical centers, and other healthcare providers.
• Regional Growth: North America led the market in 2023, while the Asia-Pacific region is expected to be the fastest-growing market during the forecast period.

Future Trends and Developments

• Increased Awareness: Social media and educational campaigns are raising awareness about the benefits and safety of intragastric balloons.
• Personalized Treatments: As healthcare moves towards personalized medicine, there is a growing emphasis on tailored weight loss programs that utilize intragastric balloons.
• Aging Population: The aging population is increasingly seeking non-surgical options for weight management, further boosting market growth.

Conclusion

The intragastric balloons market is on a strong growth trajectory, driven by technological innovations, strategic acquisitions, and increasing demand for non-surgical weight loss solutions. As obesity rates continue to rise and awareness about these options grows, the market is set to expand significantly in the coming years, particularly in emerging markets.

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