According to the report by Expert Market Research (EMR), the Global Intragastric Balloon Market Size reached a value of approximately USD 18.19 million in 2022. Aided by the mounting demand for minimally invasive weight loss procedures and the broadening applications of intragastric balloons in the healthcare sector, the market is projected to further grow at a CAGR of 10.60% between 2023 and 2028 to reach a value of USD 33.3 million by 2028.
Intragastric balloons are a non-surgical, reversible weight loss treatment that involves placing a saline-filled silicone balloon in the stomach to limit food intake and induce a feeling of fullness. They play a pivotal role in managing obesity, improving metabolic conditions, and enhancing overall health, thereby fuelling the intragastric balloon market development. Besides their primary use in weight loss, intragastric balloons have excellent safety profiles and offer significant potential in various medical applications, including pre-surgical weight reduction and management of co-morbid conditions like diabetes and heart disease.
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The escalating preference for non-surgical weight loss procedures is fuelling the global intragastric balloon market growth. With the growing awareness of the health benefits associated with maintaining a healthy weight, there has been a significant shift towards weight loss treatments, leading to a surge in demand for intragastric balloon procedures. Moreover, the rising trend of fitness and wellness has further bolstered the popularity of intragastric balloons, as they offer a safe and effective weight loss solution without the risks associated with surgical interventions.
The expanding applications of intragastric balloons in the healthcare sector also contribute significantly to the intragastric balloon market demand. In the surgical field, intragastric balloons are used as a preoperative tool to reduce surgical risks by facilitating weight loss in obese patients. The role of these devices in managing co-morbid conditions, such as diabetes and heart disease, is also noteworthy, offering potential avenues for intragastric balloon market growth.
Furthermore, the growing demand for minimally invasive alternatives in the healthcare sector has led to a heightened focus on intragastric balloons as a viable option. With the rise of patient-centric care and the increasing popularity of procedures with less recovery time and fewer complications, intragastric balloons have emerged as a key solution in the field of weight management, thereby stimulating the intragastric balloon market expansion.
Intragastric Balloon Market Segmentation
The market can be divided based on product type, filling material type, end-user, and region.
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Market Breakup by Product Type
- Single
- Dual
- Triple
Market Breakup by Filling Material Type
- Saline Filled
- Gas Filled
Market Breakup by End-User
- Hospitals
- Ambulatory Surgical Centres
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global intragastric balloon companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Apollo Endosurgery, Inc
- Allurion S.a.s.
- ENDALIS
- Easmed
- Accel Medical
- Others
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