What’s Driving Growth in the Intragastric Balloons Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Intragastric Balloons Market, and What Factors Will Drive It?
In recent years, the size of the intragastric balloons market has seen significant growth. The market is projected to rise from $19.89 billion in 2024 to $22.21 billion in 2025, achieving a compound annual growth rate (CAGR) of 11.7%. Factors such as increasing obesity rates, escalating healthcare spending, clinical validation and FDA endorsements, awareness initiatives, enhancements in balloon design, and the expansion of medical tourism have all contributed to the growth observed in the historic period.
The market size for intragastric balloons is anticipated to experience swift expansion in the upcoming years, reaching $34.23 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. The projected growth during the forecast period can be linked to factors such as celebrity promotions, health issues associated with obesity, development in emerging markets, a rise in endoscopic processes, an aging demographic, and individualized treatment strategies. The forecast period will also see significant trends such as technological advancements, public awareness via social media, collaboration with digital health systems, the use of artificial intelligence, virtual medical consultations, and improved patient learning programs.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Intragastric Balloons Market?
The projected rise in obesity rates is a potential catalyst for the growth of the intragastric balloon market. The frequency or percentage of a population deemed obese based on body mass index (BMI) measurements, generally categorised as a BMI of 30 or above, translates to obesity rates. The escalating obesity rates attribute to diet patterns, inactive lifestyles, economic contributors, promotion and marketing, genetic and biological aspects, mental and emotional features, as well as urban advancement and infrastructure. Individuals battling with obesity often resort to the non-surgical interventional method of intragastric balloons. This method assists in weight reduction by consuming stomach space to induce a satiated feeling, thereby, decreasing food consumption. To illustrate, in March 2023, the World Obesity Atlas 2022 issued by the World Obesity Federation, a UK-based not-for-profit body, stated that the projected global economic influence of overweight and obesity could amount to $4.32 trillion per annum by 2035, provided prevention and treatment dynamics stay steady. By this time, approximately 51% of the global population or over 4 billion individuals may be affected by overweight or obesity issues, with about 2 billion persons— or 1 in 4 people—anticipated to be obese if current trends persist. Hence, the mounting obesity rates are providing impetus to the growth of the intragastric balloon market.
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Who Are the Top Companies Contributing to the Growth of the Intragastric Balloons Market?
Major companies operating in the intragastric balloons market are:
• Medtronic plc_x000D_
• Mayo Clinic_x000D_
• Boston Scientific Corporation_x000D_
• Cleveland Clinic_x000D_
• Mediclinic Group_x000D_
How Are Technological Trends Affecting the Growth and Development of the Intragastric Balloons Market?
Leading firms in the intragastric balloon market are concentrating on technological improvements in medical weight-loss devices, such as ingestible gastric balloons, to boost patient comfort, usability, and accessibility. Ingestible gastric balloons, which are non-surgical devices, aid in weight loss by temporarily filling up space in the stomach, thereby creating a satiated feeling and reducing food consumption. For example, Allurion Technologies Inc., a medical device company based in the US, introduced the world’s first non-surgical ingestible gastric balloon in India in September 2022. This one-of-a-kind gastric balloon doesn’t necessitate an endoscopy or anesthesia for insertion or extraction. The Allurion gastric balloon capsule provides a secure, non-invasive, and effective weight loss solution, assisting individuals in achieving substantial weight loss and establishing healthier lifestyle habits for sustained success.
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Which Market Segments Are Driving Strategic Growth and Trends in the Intragastric Balloons Market?
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
What Are the Key Regions Powering Growth in 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.
How Is the Intragastric Balloons Market Defined Across Different Regions?
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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