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Intragastric Balloons Market Size, Share & Trends Analysis Report By Balloon Type (Single, Dual), By Filling Material (Saline Filled, Gas Filled), By End Use, By Administration, By Region, And Segment Forecasts, 2023 - 2032
The global intragastric balloons market size was valued at USD 14.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2032. It is projected that rising obesity rates would fuel market expansion. Additionally, it is projected that increased demand for minimally invasive procedures will accelerate market expansion.The market for intragastric balloons is segmented by product type, filling substance, administration, end-user, and geography. The triple intragastric balloon, dual intragastric balloon, and single intragastric balloon are the three different product types that make up the market. The market is divided into two categories based on filling type: gas filled and saline filled. The market is divided into two categories according to administration: endoscopy and pill form. Hospitals, clinics, and ambulatory surgical facilities are other end-use segment classifications.
Globally, obesity is a serious health issue. Over the forecast period, the obesity pandemic is anticipated to keep getting worse, which will support market expansion. For instance, roughly 2 billion people worldwide-650 million of whom were obese-were overweight in 2016, according to data from the World Health Organization. Additionally, it is predicted that 2.7 billion people will be overweight and roughly 1.0 billion will be obese by 2025.
Despite the high prevalence of obesity and the widespread acceptance of weight-loss surgical procedures (such as gastric bypass and sleeve gastrectomy) among medical professionals, only 1% to 2% of the obese population is eligible for these procedures, which results in a high obesity-related mortality rate. For instance, according to data from the World Health Organization, obesity and overweight are responsible for about 2.8 million deaths worldwide each year. It is anticipated that this high mortality will increase demand for less invasive, alternative therapies such an intragastric balloon.
The study stresses trends and opportunities that will drive increased sales during the projected period and is based on qualitative and quantitative analysis of the worldwide intragastric balloons market. Additionally, it focuses on the factors that will in some way influence the market, such as drivers, constraints, opportunities, and problems. The research also discusses how the COVID29 epidemic has affected the market and what steps manufacturers may take to increase revenue creation. The firm website offers the report for purchase.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Intragastric Balloons manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Intragastric Balloons market covering all its essential aspects.
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Market Segmentations:
Global Intragastric Balloons Market: Segmentations
Global Intragastric Balloons Market: By Key Players
Apollo Endosurgery
Helioscopie Medical Implants
Spatz FGIA
Allurion technologies
Districlass Medical
Endalis
Fengh Medical
Lexal Srl
Duomed Group
Medicone
Medsil
Obalon Therapeutics
Phagia Technologies
PlenSat
ReShape Medical
Global Intragastric Balloons Market: By Types
Saline Filled
Gas Filled
Global Intragastric Balloons Market: By Applications
Hospital
Ambulatory Clinical Services
Clinic
Global Intragastric Balloons Market: Regional Analysis
The countries covered in the regional analysis of the Global Intragastric Balloons market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Global Intragastric Balloons Market: Competitive Landscape
In order to obtain a competitive edge in the overall market, vendors of the worldwide intragastric balloons markets are engaging in a variety of tactics. Some of these include the introduction of new products, the review and improvement of product quality, mergers and acquisitions, and other joint ventures. Some of the players are also investing in R&D to gain an advantage in the international market.
COVID-19 Impact
The COVID-19 outbreak has altered the growth expectations for several industries and companies. Since the outbreak, the analysts at Research have diligently surveyed the markets. The paper contains the smart and thoroughly studied thoughts of the analysts. The stakeholders can better design their strategy with the help of the opinions.
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5-Point Growth Formula
The established 5-point growth formula gives stakeholders and CXOs insight into the market's current state. The report is the ideal companion for stakeholders and CXOs thanks to the growth formula.
Frequently Asked Questions About This Report
• How big is the intragastric balloons market?
• What is the intragastric balloons market growth?
• Which segment accounted for the largest intragastric balloons market share?
• Who are the key players in the intragastric balloons market?
• What are the factors driving the intragastric balloons market?
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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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