Tag: intragastric balloons market share

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What Major Innovations Are Driving the Accelerated Growth of the Intragastric Balloons Market?

The rise in obesity rates is anticipated to stimulate the expansion of the intragastric balloon market. Obesity rates denote the proportion of a population classified as obese based on body mass index (BMI) measures, typically signified by a BMI of 30 or greater. Factors like dietary habits, inactive lifestyles, economic indicators, advertising strategies, genetics, psychological states, and the influence of urbanization and infrastructure contribute to these rising obesity rates. Intragastric balloons serve as a non-invasive solution used by obese individuals to aid in weight loss by taking up space in the stomach, instilling feelings of satiety, and limiting food consumption. For instance, the World Obesity Atlas 2022, published in March 2023 by the UK-based non-profit group World Obesity Federation, forecasted that the global economic impact of being overweight and obesity would soar to $4.32 trillion annually by 2035 unless prevention and treatment strategies improve. By then, over half the global population (51% or around 4 billion people) is predicted to be impacted by overweight or obesity, with close to 2 billion people, which is roughly 1 in 4 individuals, anticipated to be obese if current trends persist. Hence, the burgeoning obesity rates are fuelling the growth of the intragastric balloon market.

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How Has the Intragastric Balloons Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

The market size for intragastric balloons has seen considerable expansion in the past few years. The market will witness a rise from $19.89 billion in 2024 to $22.21 billion in 2025, at a compound annual growth rate (CAGR) of 11.7%. Factors contributing to this increased growth during the historic period include escalating obesity rates, increased healthcare spending, clinical proof and FDA approvals, awareness initiatives, advancements in balloon designs, and the expansion of medical tourism.

Expectations are set for the intragastric balloons market size to experience a surge in growth in the coming years. It is projected to expand to a whopping $34.23 billion by 2029 at a compound annual growth rate (CAGR) of 11.4%. Factors contributing to this prospective growth during the forecast period include endorsements by celebrities, health issues pertaining to obesity, expansion in newly emerging markets, a rise in endoscopic procedures, the aging demographic, and tailored treatment methodologies. Key trends during the forecast timeline will encompass technological advancements, increased awareness via social media, integration with digital health platforms, the application of artificial intelligence, virtual consultations, and more thorough patient education programs.

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What Are the Most Significant Market Trends Transforming theIntragastric Balloons Market?

Leaders in the intragastric balloon market, such as major corporations, are directing their efforts towards innovative advancements in medical weight-loss apparatuses, specifically swallowable gastric balloons. These advancements aim to improve patient ease, comfort, and access. Swallowable gastric balloons are non-invasive tools that aid in weight loss by temporarily taking up space in the stomach, boosting the feeling of satiety, and lowering food consumption. For example, in September 2022, Allurion Technologies Inc., an American medical device company, introduced the world’s first non-surgical swallowable gastric balloon capsule in India. No endoscopy or anesthesia needed for its placement or removal. The capsule developed by Allurion provides a safe, non-invasive, and effective solution to significant weight loss while facilitating the adoption of healthier lifestyle practices for lasting results.

What Are the Top Market Players Propelling the Growth of theIntragastric Balloons Industry?

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

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Which Primary Segments of the Intragastric Balloons Market Are Driving Growth and Industry Transformations?

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 #What Major Innovations Are Driving the Accelerated Growth of the Intragastric Balloons Market?# 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.

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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.

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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

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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.

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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.

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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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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 info@tbrc.info

Follow us on:

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

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