Press release
Intragastric Balloon Market analysis research and trends report for 2016-2024
High prevalence of obesity coupled with growing preference toward minimally invasive bariatric surgeries will fuel intragastric balloons industry size. In 2014, the U.S. alone accounted for nearly 35% of the global obese population, and obesity inadvertently leads to disorders such as gall bladder disease, diabetes, heart disease, and stroke. Rising incidences of obesity among adults and technological advancements in surgical procedures to minimize health risks caused due to obesity will further propel market growth. According to Global Market Insights, Inc., “Intragastric Balloons Industry, worth approximately USD 120 million in 2015, is anticipated to increase at a CAGR of more than 9.5% over 2016-2024.”Major end-users of intragastric balloons market are ambulatory surgical centers, hospitals, and clinics. Ambulatory surgical centers will contribute massively toward the overall industry share with a CAGR estimation of more than 9.5% over 2016-2024. The growth can primarily be attributed to reduced hospital stays, high quality patient care, and relatively quick recovery period. Increased spending on quality healthcare will fuel intragastric balloons market share across clinics globally, which is expected to increase at a CAGR of 10% over 2016-2024.
Request sample copy @ https://www.gminsights.com/request-sample/detail/1173
Hospitals accounted for more than 40% of the overall revenue share in 2015. Availability of excellent, high-tech medical infrastructure, skilled healthcare professionals, and increased funding are some of the factors that give hospitals an edge over clinics and ambulatory surgical centers. Increased public preference toward hospitals will propel global intragastric balloons industry in hospitals, which was worth more than USD 45 million in 2015, and is anticipated to surpass USD 100 million in 2024.
A strict regulatory framework, public awareness regarding the benefits of gastric balloon procedure, and highly developed infrastructure will be the key drivers for U.S. intragastric balloons market, which held more than 85% of the revenue share in 2015. Rising patient awareness levels will also accelerate global single intragastric balloons industry, which is slated to grow at a CAGR estimation of approximately 8.5%, having accounted for a revenue share of more than 50% in 2015. In addition, innovative technology and an ever-growing obese patient base is likely to fuel dual intragastric balloons market, which will register more than USD 85 million by 2024, with a CAGR anticipation exceeding 9.5% over 2016-2024.
While French was reputed to have always recorded low obesity levels, especially in comparison with the U.S. and other European nations, recent research studies reveal that a significant percentage of the French population is now obese, fueling the demand for weight reduction procedures. Furthermore, surging requirement for gastric balloon procedures and increased awareness regarding the dangers of obesity will catalyze France intragastric balloons industry, which is anticipated to grow at a CAGR exceeding 10.5%, having registered a revenue of USD 4.8 million in 2015.
Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1173
Increased per capita income, high demand for minimally invasive surgeries, and increase in the number of qualified medical professionals will spur Brazil intragastric balloons market, which will record a CAGR of more than 10% over 2016-2024.
Rising demand for new methodologies, medically advanced procedures, and novel techniques will stimulate global triple intragastric balloons industry, set to grow at a CAGR of 2016 to 2024. Adoption of such new technologically innovative products, excellent healthcare facilities, and high growth of the medical tourism industry will also fuel India intragastric balloons market, set to record a CAGR of 10% over 2016-2024.
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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intragastric Balloon Market analysis research and trends report for 2016-2024 here
News-ID: 952979 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
