February 19, 2025

Intragastric Balloon Market Poised For Rapid Growth Due To Increasing Preference For Minimally Invasive Procedures

The intragastric balloon is a minimally invasive procedure used in weight loss management. It is a saline or gas-filled balloon placed endoscopically in the stomach to help induce early satiety and decrease appetite. The procedure allows patients to reduce their food intake and achieve long-term weight loss naturally. It takes about 30 minutes to inflate and place the balloon in the stomach. The balloon stays inflated for 3-6 months, helping patients lose up to 30 pounds of weight. Some of the popular intragastric balloons available are Orbera, Elipse, and ReShape Duo.

The global Intragastric Balloon Market is estimated to be valued at Us$ 372.06 Mn in 2023 and is expected to exhibit a CAGR Of 11% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growing preference for minimally invasive bariatric procedures is expected to drive the growth of the intragastric balloon market over the forecast period. Intragastric balloons are a less invasive option for weight loss than procedures like gastric bypass and laparoscopic sleeve gastrectomy. They do not require substantial lifestyle changes or major surgery recovery time. Additionally, rising obesity rates worldwide due to poor lifestyle and diet are also fueling the demand for intragastric balloons. According to the World Health Organization, in 2016, around 39% of adults aged 18 years and over were overweight and 13% were obese. Such high prevalence of obesity has increased the focus on development of novel weight loss therapies like intragastric balloons.

 

Segment Analysis

The global intragastric balloon market is segmented based on product type, end user, and geography. Based on product type, the market is divided into single balloon, dual balloon, and triple balloon. Among these, the single balloon segment holds the largest market share owing to its high preference among healthcare professionals and patients as it is easier to insert and remove. Based on end user, the market is categorized into hospitals, clinics, and ambulatory surgical centers. The hospitals segment captures the largest share as these procedures are mainly carried out in hospitals.

PEST Analysis

Political: The intragastric balloon market is significantly influenced by regulations and guidelines set by regulatory bodies regarding the approval of medical devices. Favorable reimbursement policies by the governments of various countries also impact the market growth.

Economic: The rising disposable incomes have increased healthcare spending, boosting the demand for minimally invasive bariatric surgeries using intragastric balloons. However, high procedural costs can limit the market expansion.

Social: Growing obesity prevalence worldwide due to sedentary lifestyles and unhealthy eating habits is a key driver for this market. Rise in obesity-related health issues is prompting people to opt for weight loss surgeries and procedures.

Technological: Advancements in materials and designs of intragastric balloons have improved patient safety, tolerability, and efficacy. The introduction of novel filling and retrieval methods as well as remote monitoring technologies are also fueling the market growth.

Key Takeaways

The Global Intragastric Balloon Market Demand is expected to witness high growth over the forecast period owing to the rising obesity rates globally.

Regional analysis:

North America captures the largest share of the global intragastric balloon market due to the growing obese population, developed healthcare infrastructure, and higher awareness and acceptance of bariatric surgeries.

Key players operating in the intragastric balloon market are Gogo Inc., EchoStar Corporation, Global Eagle Entertainment Inc., Kymeta Corporation, and ViaSat Inc. Gogo Inc. provides the widest portfolio of connectivity solutions for aviation, leading to its dominance in the market.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

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