The Gastric Balloon market report delivers exceptional insights on the major developments unfolding in the industry. The global market is segmented on the basis of Product, Filling Material, End User, and provides in-depth research of the existing and upcoming market conditions.
Asia-Pacific was the leading geographic Gastric Balloon Market and it is anticipated to be the highest revenue contributor throughout the forecast period. Asia is well known across the world for the dynamic market nature and robust growth capabilities. The region has a large obese population base in its leading countries such as, China and Japan. Also, there has been rising preference for bariatric surgeries for better weight loss.
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Some of the Leading Key Players Profiled in this market:
- Allurion Technologies Inc.
- Apollo Endosurgery, Inc.
- Helioscopie Medical Implants
- LEXEL SRL
- Obalon Therapeutics, Inc.
- ReShape Lifesciences, Inc.
- Spatz FGIA, Inc.
The endoscopic intragastric balloon treatment is a non-surgical method to help lose weight in patients who suffer from obesity or morbid obesity. It is an endoscopic procedure, in which a balloon is inserted in the stomach, which occupies about half of the stomach’s space. The balloon remains in the stomach for a maximum of six months and it is meant to increase the feeling of satiety and limit food intake. Endoscopy offers ease in the placement as well as the removal of a gastric balloon, along with limited complications due to the non-surgical nature of the procedure. Also, the absence of incisions unlike other weight loss surgeries is expected to fuel the growth of the market in the future years.
Gastric Balloon market is likely to boost the global market substantially over the forthcoming years. Apart from this, the increasing number of driving is projected to add to the growth of this market significantly in the near future. The worldwide market is analyzed on the basis of the various segments and the geographical reach of this market. How the market’s segments are propelling the market in the market scenario is mentioned in this report. The continual rising factors boosting the demand for Gastric Balloon market notes the research study.
The report thoroughly analyzes the most crucial details of the Global Gastric Balloon Market with the help of an in-depth and professional analysis. Described in a ground-up manner, the report presents an all-inclusive overview of the market based on the factors that are expected to have a substantial and measurable impact on the market’s developmental prospects over the forecast period.
The global gastric balloon market by product was led by single gastric balloon segment. The single gastric balloons, is further sub-segmented into, Elipse gastric balloons, Orbera gastric balloons and other single gastric balloons. In 2018, the single gastric balloon segment held a largest market share of 89.0% of the gastric balloon market, by product. This segment is also expected to dominate the market in 2027 owing to its property of being implanted more easily as decreased rate of complications. In addition to larger share, the segment is anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027.
Filling Material Insights
The Gastric Balloon Market by filling material is segmented into saline filled and gas filled. The saline filled segment is anticipated to grow at a CAGR of 9.9% during the forecast period. The reduced risk of complications along with better retention in the stomach is anticipated to fuel the growth of the segment during the forecast period.
End User Insights
The gastric balloon market by end user is segmented into hospitals, nursing homes and others. Others sub-segment includes bariatric surgeons, gastrointestinal endoscopists, nutritionists & aesthetic practitioners, and other end users. The bariatric surgeons segment held the largest in 2018, by end user. However, the segment of gastrointestinal endoscopists is expected to increase at a significant growth rate of 10.0% during the forecast period.
Approvals and agreements were observed as the most adopted strategy in global gastric balloon industry. Few of the recent product launch and collaboration are listed below;
2018: In April, 2018, Apollo received approval from the Saudi Food and Drug Authority (SFDA) for the ORBERA365 Managed Weight Loss System. This approval enables the reach of ORBERA365 into the largest bariatric market in the Middle East with over 15,000 procedures performed per year.
2017: In November, 2017, Obalon and Sono Bello entered an agreement. Through the agreement the Obalon Balloon System would be used for non-surgical weight loss in Sono Bello centers across the US.
2015: In December 2015, Allurion received a CE mark allowing sale of the product in the European Union. The product has been made available in the weight loss centers in France, Italy and the United Kingdom.
GASTRIC BALLOON – MARKET SEGMENTATION
- Single Gastric Balloons
- Elipse Gastric Balloons
- Orbera Gastric Balloons
- Other Single Gastric Balloons
- Dual Gastric Balloons
- Triple Gastric Balloons
By Filling Material
By End User
- Bariatric Surgeons
- Gastrointestinal Endoscopists
- Nutritionists & Aesthetic Practitioners
- Other End Users
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- South America (SAM)
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The most vital key factors in the businesses have been elaborated to get thorough and accurate data of market dynamics. Rising needs and popularity of Gastric Balloon Market sector is driving the flow of the market towards progress. In addition to this, it lists the factors which are restraining the growth of the market.
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