UK Intragastric Balloons Market will grow at 14.6% CAGR| Allurion Technologies, Districlass Medical, Apollo Endosurgery, Lexel, Helioscopie Medical Implants, Medsil, Obalon Therapeutics, ReShape Medical, Silimed and Spatz

UK intragastric balloons market will grow at 14.6% CAGR, owing to high pervasiveness of obesity. According to The Organisation for Economic Co-operation and Development (OECD), more than one in four adults are diagnosed with obesity annually. Adoption of sedentary lifestyle and unhealth habits are major cause of high prevalence rate. High disposable income and increasing government expenditure on healthcare will further lead to business growth in the future.

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Intragastric Balloons Market size is set to exceed USD 97.8 million by 2024.High demand for minimally invasive surgical procedures will significantly drive intragastric balloon market growth during the forecast period. Reduction in post-operative trauma and complications with use of non-surgical intragastric balloons is the major growth driver. Reduced hospital stays, and no blood loss are other advantages associated with use of advanced intragastric balloon across the forecast timeframe.

Low prices of intragastric balloons as compared to other surgical procedures will spur demand for intragastric balloon in upcoming years. Price range of intragastric balloons is very low compared to other surgical procedures such as gastric bypass and adjustable gastric banding. Low prices will lead to increasing adoption rate of intragastric balloon, thereby driving business growth during the forecast period.

Single intragastric balloons market share was over 78% in 2017 with growth rate of 9.1% CAGR. High growth rate is attributable to growing awareness among obese patients along with increasing acceptance of non-invasive and non-surgical procedures. Ease of administration and soft silicone material offers reduction of weight in short amount of time, that will stimulate business growth.

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Top Key Players:
• Allurion Technologies
• Districlass Medical
• Apollo Endosurgery
• Lexel
• Helioscopie Medical Implants
• Medsil
• Obalon Therapeutics
• ReShape Medical
• Silimed and Spatz

Saline filled balloon market accounted for largest revenue of USD 24.3 million in 2017. Easy detection of deflation due to methylene blue and improved ability to reduce weight will stimulate business growth. Improved design to provide maximum efficacy with minimal complications will favor segmental growth in the future. With various technological advances, saline-filled balloons segment will witness tremendous growth.

Hospitals segment is expected to expand at CAGR of 14.6% during the projected timeframe. Increased preference towards hospitals, availability of skilled professionals and high funding opportunities will accelerate industry growth. Segmental growth is attributable to increase in number of patient pool seeking advanced treatment options in hospitals, thereby favoring segmental growth over forecast timeframe.

In terms of filling material, intragastric balloons industry is segmented into gas-filled and saline fillings:
• Gas-filled intragastric balloons market is predicted to grow at a CAGR of 10%, driven by patient comfort levels and the improved product design.

• Saline fillings, having dominated intragastric balloons industry in 2015, will register a CAGR of over 9%, driven by its weight reduction ability.

Some of the notable market participants include Obalon Therapeutics, Apollo Endosurgery, Helioscopie Medical Implants, Allurion Technologies, Medsil, Silimed, Life Partners Europe, Districlass Medical, Lexel, Tulip Medical, ReShape Medical and Spatz. Companies often engage in strategic mergers & acquisitions for global expansion and to strengthen their regional presence. With increased acceptance of the gastric balloon surgical intervention among the obese population, intragastric balloons industry is expected to depict remarkable growth in the coming years.

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Partial Table of Contents (ToC) of the report:
Chapter 4. Intragastric Balloons Market, By Product
4.1. Key segment trends
4.2. Single intragastric balloon
4.2.1. Market size, by region, 2013 – 2024 (USD Million)
4.3. Dual intragastric balloon
4.3.1. Market size, by region, 2013 – 2024 (USD Million)
4.4. Triple intragastric balloon
4.4.1. Market size, by region, 2013 – 2024 (USD Million)
Chapter 5. Intragastric Balloon Market, By Filing Material
5.1. Key segment trends
5.2. Saline-filled balloon
5.2.1. Market size, by region, 2013 – 2024 (USD Million)
5.3. Gas-filled balloon
5.3.1. Market size, by region, 2013 – 2024 (USD Million)
Continued…

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