Intragastric Balloon Market Size to Rise USD 108.80 Mn by 2033

The global intragastric balloon market size  is estimated to attain around USD 108.80 million by 2033, expanding at a CAGR of 9.22% from 2024 to 2033.

Key Points

• By region, North America held the largest share of the intragastric balloon market in 2023 with 38.4%.
• By region, Asia Pacific is expected to witness significant growth during the forecast period.
• By balloon type, in 2023, the single segment held the largest share of 66%.
• By filling material, the saline filled segment held the dominant share of around 73% in 2023.
• By administration, the endoscopy segment held the largest share of over 72.3% in 2023.
• By end use, the hospitals segment has accounted market share of around 55% in 2023.

The intragastric balloon market has been experiencing significant growth in recent years due to an increase in the prevalence of obesity and other related health conditions worldwide. Intragastric balloons are medical devices used for weight management, particularly for individuals who have struggled to lose weight through diet and exercise alone. These devices are typically placed in the stomach through an endoscopic procedure and work by reducing stomach capacity, thereby promoting a sense of fullness and aiding in weight loss.

The market for intragastric balloons is expected to grow at a steady pace as more people seek non-surgical alternatives to bariatric surgery for weight loss. Technological advancements in the design and functionality of these devices, as well as increasing awareness of their effectiveness, are expected to drive market growth in the coming years.

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Growth Factors

Several factors are contributing to the growth of the intragastric balloon market:

1. Increasing prevalence of obesity: The rise in obesity rates globally is one of the primary drivers of market growth. Obesity is associated with various health risks, including diabetes, cardiovascular diseases, and certain cancers, leading to a higher demand for weight loss solutions.
2. Rising awareness: Patients and healthcare providers are becoming more aware of the benefits of intragastric balloon procedures for weight management. This increased awareness is driving demand for these devices.
3. Technological advancements: Ongoing improvements in intragastric balloon design and functionality are making the procedures safer and more effective. This, in turn, is attracting more patients to opt for this treatment.
4. Non-surgical alternative: Intragastric balloons offer a less invasive alternative to traditional bariatric surgery, appealing to individuals who may not be candidates for surgery or who prefer a non-surgical approach to weight loss.
5. Insurance coverage: As more insurance providers cover the cost of intragastric balloon procedures, more patients can afford the treatment, contributing to market growth.

Region Insights

The intragastric balloon market is experiencing different levels of growth across various regions:

• North America: This region dominates the market due to the high prevalence of obesity and related health issues. The United States leads in terms of market share, driven by strong healthcare infrastructure, high disposable income, and widespread awareness of the procedure.
• Europe: The European market is also growing due to increasing obesity rates and a high demand for non-surgical weight loss treatments. Countries such as Germany, the UK, and France are key contributors to the market’s growth.
• Asia-Pacific: The Asia-Pacific region is expected to see significant growth in the intragastric balloon market. This can be attributed to a growing middle-class population, rising healthcare expenditure, and increasing awareness of obesity-related health issues.
• Latin America: The market in Latin America is growing due to the rising prevalence of obesity and an increasing number of healthcare facilities offering intragastric balloon procedures.
• Middle East and Africa: While this region currently holds a smaller market share, it is expected to grow as awareness of obesity and related treatments increases.

Intragastric Balloon Market Scope

Intragastric Balloon Market Dynamics

Drivers

Several key drivers are propelling the growth of the intragastric balloon market:

• Growing healthcare awareness: As more people understand the risks associated with obesity, there is an increased demand for effective weight loss solutions.
• Advancements in medical technology: Improved intragastric balloon devices with better safety profiles and higher efficacy are attracting more patients to consider the treatment.
• Government initiatives: Various government programs aimed at controlling obesity rates and promoting healthier lifestyles indirectly drive the market’s growth.
• Increase in obesity-related health issues: As obesity-related health problems such as diabetes and cardiovascular diseases become more prevalent, the demand for effective weight loss solutions increases.

Opportunities

There are several opportunities for growth and development in the intragastric balloon market:

• Innovations in device design: Continued research and development efforts are likely to lead to further improvements in intragastric balloon devices, making them more effective and accessible.
• Market expansion: There is significant potential for market expansion in regions with emerging economies where obesity rates are rising and access to healthcare is improving.
• Partnerships and collaborations: Strategic partnerships and collaborations between medical device manufacturers and healthcare providers can help expand market reach and increase adoption of the procedure.
• Educational initiatives: Efforts to educate both healthcare professionals and the general public about the benefits and safety of intragastric balloons can help drive market growth.

Challenges

Despite the market’s growth potential, there are several challenges that may hinder the expansion of the intragastric balloon market:

• Regulatory hurdles: The medical device industry is subject to strict regulations that can slow down the approval process for new products, potentially affecting market growth.
• High costs: While intragastric balloon procedures are less expensive than bariatric surgery, the cost can still be a barrier for some patients, especially in regions where insurance coverage is limited.
• Limited awareness: In some regions, awareness of intragastric balloon procedures and their benefits remains low, which can limit market growth.
• Potential complications: Although intragastric balloons are generally safe, there is a risk of complications such as balloon deflation, stomach ulcers, and bowel obstruction, which may deter some patients from opting for the procedure.
• Competition from alternative treatments: Other weight loss solutions, such as medications and minimally invasive procedures, compete with intragastric balloons and may limit market growth.

Read Also: Cellular Health Screening Market Size, Share, Report by 2033

Recent Developments

• In September 2022, Allurion Technologies, the United States-based medical device manufacturer, launched its weight loss solution, a swallowable gastric balloon, in India.

Intragastric Balloon Market Companies

• Allurion Technologies
• Allergan (Acquired by Abbott)
• Apollo Endosurgery
• Reshape Medical
• Spatz FGIA
• Endalis
• Silimed
• Medsil

Segment Covered in the Report

By Balloon Type

• Single
• Dual
• Triple

By Filling Material

• Saline Filled
• Gas Filled

By Administration

• Endoscopy
• Pill Form

By End-use

• Hospitals
• Ambulatory Centers

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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