Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

How has the intragastric balloons market grown in recent years?

Over the past few years, there has been a swift increase in the size of the intragastric balloons market. This market, projected to grow from $19.89 billion in 2024 to $22.21 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 11.7%. The growth experienced in the historical period can be associated with factors such as increasing levels of obesity, elevation in healthcare spending, clinical validations and certifications from the FDA, awareness initiatives, advancements in balloon designs, and the expansion of medical tourism.

How is the intragastric balloons market size expected to evolve during the forecast period?

The market for intragastric balloons is expected to experience a swift expansion in the coming years, growing to a sizable $34.23 billion in 2029 with a compound annual growth rate (CAGR) of 11.4%. This significant growth during the forecast period can be credited to prominent factors such as endorsements by celebrities, growing health concerns related to obesity, development in budding markets, a surge in endoscopic procedures, and an increase in elderly population, coupled with customized treatment methodologies. The forecast period is also likely to witness prominent trends including advancements in technology, increased awareness via social media platforms, collaborations with digital health platforms, the rise of artificial intelligence, virtual consultations, and improved patient education initiatives.

Get your intragastric balloons market report here!

https://www.thebusinessresearchcompany.com/report/intragastric-balloons-global-market-report

Which key drivers are propelling the intragastric balloons market’s growth?

The rise in obesity figures is predicted to stimulate the intragastric balloon market’s expansion in the future. Obesity figures pertain to the proportion or percentage of a population classified as obese based on body mass index (BMI) evaluations, typically defined as a BMI of 30 or above. Factors such as dietary preferences, inactive lifestyles, economic influences, advertising and marketing, genetics and biological factors, psychological and emotional aspects, and urbanization and infrastructure contribute to the escalated obesity rates. Intragastic balloons are utilized by obese people as a non-invasive method to assist in weight reduction by filling up stomach space, inducing a sense of satiety, and decreasing food consumption. For instance, as per the World Obesity Atlas 2022 released by the World Obesity Federation, a non-profit organization based in the UK, in March 2023, it is projected that if there are no changes in preventative and treatment efforts, the annual worldwide economic impact of overweight and obesity could touch $4.32 trillion by 2035. It is predicted that by then, over half (51%) of the global population, or more than 4 billion people, could be impacted by being overweight or obese, with nearly 2 billion individuals – 1 in 4 people – likely to be obese if current trends persist. Therefore, the escalating obesity figures are propelling the expansion of the intragastric balloon market.

What are the market segments in the intragastric balloons industry?

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

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=15835&type=smp

Which leading companies are shaping the growth of the intragastric balloons market?

Major companies operating in the intragastric balloons market are Medtronic plc, Mayo Clinic, Boston Scientific Corporation, Cleveland Clinic, Mediclinic Group, Spire Healthcare Group plc, Micro-Tech (Nanjing) Co., Ltd., American Hospital Dubai LLC, Silimed GmbH, Apollo Endosurgery Inc., Allurion Technologies Inc., MedicalExpo, ReShape Lifesciences Inc., Districlass Medical SA, Healthware Private Limited, Spatz Medical, Helioscopie SA, Bariatric Solutions International GmbH, HexaHealth Care Pvt. Ltd., USGI Medical Inc., Inamed Health, Medsil, Obalon Therapeutics Inc., Endalis, Lexel SRL

What emerging trends are influencing the growth of the intragastric balloons market?

Major companies in the intragastric balloon market are concentrating their efforts on technological advancements for medical weight-loss devices like swallowable gastric balloons. This is aimed at improving patient comfort, user-friendliness, and accessibility. Swallowable gastric balloons are non-invasive devices that aid weight loss by providing a sense of fullness due to their presence in the stomach, thus lessening food consumption. As an illustration, Allurion Technologies Inc., a medical device firm based in the US, unveiled a swallowable gastric balloon capsule in India in September 2022. The product stands as the first swallowable, non-surgical gastric balloon across the globe that eliminates the need for endoscopy or anesthesia during insertion or extraction. The Allurion gastric balloon capsule provides a secure, non-surgical, and potent weight loss option encouraging substantial weight reduction and facilitating the adoption of healthier lifestyle habits for continued success.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15835

Which geographic areas are influencing 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.

Browse Through More Similar Reports By The Business Research Company:

Intraoperative Imaging Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/intraoperative-imaging-global-market-report

Intravascular Catheters Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/intravascular-catheters-global-market-report

Gastric Cancer Drugs Market Opportunities And Strategies Forecast To 2030

https://www.thebusinessresearchcompany.com/report/gastric-cancer-drugs-global-market

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: