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Gastric Balloon Procedures Market Report Analysis, Research Studies | Apollo Endosurgery Inc, ReShape Lifesciences Inc, Allurion & Helioscopie Medical Implants.
Gastric Balloon Procedures Market || 2024-2031
Gastric balloon procedures, also known as endoscopic intragastric balloon procedures, involve inserting one to three silicone balloons into the patient's stomach. The balloons are left in place for several months, during which they help the patient achieve weight loss of approximately 30% of excess weight. This procedure aids in improving the patient's overall health by reducing excess weight and associated health risks.
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Market Dynamics:
The increasing consciousness on fitness and structure and growing obese population across the globe leading to the development of novel products are expected to drive the market's growth.
The gastric balloon procedures market is experiencing growth due to increasing awareness of fitness and body structure, technological advancements, and a rising geriatric population. Additionally, heightened research and development investments, coupled with a surge in type-2 diabetes cases-often linked to obesity-are driving market expansion. The introduction of novel products using the latest technology and improvements in medical infrastructure in emerging markets also contribute to this growth. The increasing adoption of gastric balloon devices, such as single, dual, and triple balloons, is supported by rising government initiatives and funding aimed at enhancing the availability of these products.
Despite the market's growth, there are challenges such as risks and safety concerns related to the use of gastric balloons. Potential complications include blockages requiring surgical removal, acute pancreatitis, over-inflation, and ulcers in the stomach wall. Additionally, stringent regulations for silicone balloon approval and high procedure costs are significant factors that could hinder market expansion. Nonetheless, ongoing product launches, research studies, and awareness initiatives, such as ReShape Lifesciences' agreement with OpenLoop for virtual weight loss coaching, are expected to drive continued interest and investment in gastric balloon procedures.
Market Segmentation:
By Balloon Type:
• Orbera
• ReShape
• Spatz
• Obalon
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Major Key Players:
• Apollo Endosurgery Inc
• ReShape Lifesciences, Inc.
• LEXEL S.R.L.
• Medispar c.v.b.a.
• Allurion
• Helioscopie Medical Implants
• Districlass Médical
• ENDALIS
• Accel Medical
• Silimed, Inc
Product Portfolio:
ReShape Lifesciences, Inc. is a company focused on metabolic health and weight loss solutions. It offers an integrated portfolio of products and services designed to treat and manage obesity and related metabolic disorders.
Regional Analysis:
The global Gastric Balloon Procedures Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Gastric Balloon Procedures Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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