Global Intragastric Balloons Market Projected to Reach $34.23 Billion by 2029 at a CAGR of 11.4%
Discover trends, market shifts, and competitive outlooks for the intragastric balloons industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Intragastric Balloons Market Expected to Grow Between 2025 And 2029?
The market size for intragastric balloons has experienced a swift expansion in the past few years. Estimated to rise from a value of $19.89 billion in 2024, it is predicted to reach $22.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.7%. The upward trend in the historical period can be associated with factors like escalating rates of obesity, augmenting healthcare spending, clinical confirmations and FDA endorsements, public knowledge initiatives, advancements in balloon designs, and the surge in medical tourism.
The market size for intragastric balloons is projected to witness a swift expansion in the coming years. The value will reach $34.23 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.4%. The popularity of celebrity endorsements, health problems related to obesity, development in emerging markets, an uptick in endoscopic procedures, an older population, and the rise in tailored treatment strategies are all contributing to this forecasted growth. Key trends during this period comprise technological advances, increased awareness via social media, collaboration with digital health platforms, the use of artificial intelligence, virtual doctor visits, and improved patient education initiatives.
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What Are the Primary Drivers Supporting the Market Growth of the Intragastric Balloons Market?
The surge in obesity rates is anticipated to fuel the expansion of the intragastric balloon market. Obesity rates denote the proportion or percentage of a population that meets the criteria for obesity based on body mass index (BMI) measurements, typically defined as a BMI of 30 or higher. The rise in obesity rates can be attributed to behaviors such as unhealthy eating habits, inactivity due to sedentary lifestyles, economic conditions, aggressive advertising and marketing strategies, genetic and biological factors, psychological and emotional issues, and advancements in urbanization and infrastructure. Intragastric balloons are often utilized by obese individuals as a non-surgical approach to weight loss, working by taking up space in the stomach, inducing a sense of fullness, and limiting food consumption. To illustrate, the World Obesity Atlas 2022, released by the non-profit organization World Obesity Federation based in the UK, stated in March 2023 that if preventative measures and treatments continue as they are, the global financial burden of overweight and obesity could escalate to $4.32 trillion annually by 2035. By this time, over half of the global population (51% or over 4 billion people) could be plagued by overweight or obesity issues. The prediction is that close to 2 billion people, equivalent to 1 in 4 individuals, could be living with obesity if current trends persist. As such, the escalating obesity rates are a significant driver in the growth of the intragastric balloon market.
How Is the Intragastric Balloons Market Segmented?
The intragastric balloons market covered in this report is segmented –
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
Subsegments:
1) By Single Intragastric Balloon: Silicone-Based Single Balloon, Non-silicone-Based Single Balloon
2) By Dual Intragastric Balloon: Silicone-Based Dual Balloon, Non-silicone-Based Dual Balloon
3) By Triple Intragastric Balloon: Silicone-Based Triple Balloon, Non-silicone-Based Triple Balloon
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Which Regions Are Key Players in the Growth of the Intragastric Balloons Market?
North America was the largest region in the intragastric balloons market in 2024. 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.
What Are the Key Market Trends in the Intragastric Balloons Market Over the Coming Years?
Key players in the intragastric balloon market are focusing on the innovation of advanced medical weight-loss devices, such as ingestible gastric balloons, to improve patient comfort, usability, and accessibility. Ingestible gastric balloons are non-invasive devices used to aid weight loss by temporarily filling the stomach to induce satiety and reduce food consumption. For example, in September 2022, Allurion Technologies Inc., a medical device company based in the US, introduced an ingestible gastric balloon capsule to the Indian market. This product is the first of its kind worldwide, a non-surgical, ingestible gastric balloon that does not necessitate endoscopy or anesthesia during insertion or extraction. The Allurion gastric balloon capsule provides a secure, non-surgical, and practical solution for weight loss, enabling individuals to achieve significant weight loss and cultivate healthier lifestyle habits for sustained success.
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How Is the Intragastric Balloons Market Defined and What Are Its Core Parameters?
Intragastric balloons refer to a minimally invasive bariatric treatment for obesity that involves placing a medical implant in the stomach to restrict its capacity temporarily. This procedure is designed for individuals with obesity, offering a non-surgical option that does not require general anesthesia. The balloons work by taking up space in the stomach, making individuals feel full and limiting their food intake. They are typically inserted using an endoscope, a long, flexible tube with a camera attached, passed through the mouth into the stomach.
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