Intragastric Balloons Market | Accelerating Problem of Obesity Drive the Market Growth
The globally accelerating problem of obesity is anticipated to aid in expansion of the global Intragastric balloons market during the forecast period 2020 to 2030. Intragastric balloon is a process of losing weight wherein a balloon filled with gas or saline is inserted in the stomach of the patient. This helps in reducing weight of the patient, thereby cutting down the risk of chronic diseases such as heart disorders. The rapidly growing adoption of fast-food culture and sedentary lifestyle of people will also boost this market in the coming years.
The global intragastric balloons market is classified on the basis of product type, filling material, administration, end-user, and region. In terms of product type, the market is grouped into triple intragastric balloon, dual intragastric balloon, and single intragastric balloon. Based on categorization by filling type, the market is bifurcated into gas filled and saline filled. In terms of administration, the market is classified into endoscopy and pill form. Further classification of end-use segment includes ambulatory surgical centers, clinics, and hospitals.
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The report is based on qualitative and quantitative analysis of the global intragastric balloons market and emphasizes on trends and opportunities that will help attract higher revenues during the forecast period. It also focuses on drivers, restraints, opportunities, and challenges that will impact the market in one way or the other. The report further highlights the impact of COVID29 pandemic on the market and what measures can be adopted by manufacturers so as to indulge in more revenue generation. The report is available for sale on the company website.
Global Intragastric Balloons Market: Competitive Landscape
Vendors of the global intragastric balloons markets are indulging in various strategies to gain a competitive edge in the overall market. Some of these include new product launches, product quality check and upgrade, merger and acquisitions, and other joint ventures. Some of the players are also investing in research and development so as to emerge dominant in the global competition.
Some of the players of the global intragastric balloons market include;
- Laxel Medical
- MedSil, ReShape
- Medical Inc.
- Obalon Therapeutics Inc.
- Allurion Technologies Inc.
- Apollo Endosurgery, Inc.
Global Intragastric Balloons Market: Drivers and Restraints
A prime factor boosting the global intragastric balloons market is the increasing adoption of sedentary lifestyle, coupled with rising number of obese population. This increases the need for weight loss treatments and the presence of trained professionals is also adding boost to the growth of the intragastric balloons market. Furthermore, the availability of cost-efficient treatment options is also expected to propel the growth of the market during the forecast period.
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Global Intragastric Balloons Market: Regional Analysis
The global intragastric balloons market is regionally widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are further classified on the basis of nations. Among these, North America is predicted to hold a significant momentum in the coming years on account of the highest number of obese patients and higher adoption of weight loss treatment. This, coupled with a well-established healthcare infrastructure and facilities, and presence of skilled doctors and expert medical professionals are also responsible for the growth of this region.
On the other side, the market in Asia Pacific is likely to draw better revenues in the coming years on account of the rising population of obese people, increasing emphasis on physical fitness, thereby leading to higher adoption of weight loss treatments. Additionally, the adoption of unhealthy and sedentary lifestyle will further help this region attract notable revenues during the forecast period. Furthermore, the cost efficient treatment options available in the emerging economies such as India, Japan, and others is likely to promote the growth of the Asia Pacific region in the years to follow.
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