Intragastric balloon, or stomach balloon placement is a non-surgical medical procedure which helps in reducing obesity.
Intragastric balloon, or stomach balloon placement is a non-surgical medical procedure which helps in reducing obesity. The intragastric balloon market growth will be augmented by the escalating prevalence of obesity and an increasing demand for weight-reducing procedures.
As per the World Health Organization (WHO), nearly 13% of the world population in 2016 suffered from obesity, of which over 1.9 billion adults were overweight and more than 650 million were obese. Notably, in many parts of the world, obesity and associated complications cause more deaths than any other health problem.
The growth in the number of obese and overweight individuals around the world will positively influence demand for intragastric balloon procedure. According to a Global Market Insight, Inc., analysis report, intragastric balloon market size will surpass US$85 million by 2025 in annual value. Highlighted below are some of the major trends fueling the product adoption in near future.
Availability of non-surgical procedures for weight reduction
The advancements in non-surgical and non-invasive procedures have made them a preferred option among consumers for treatment of obesity. High preference for such medical procedures will result in increased demand for intragastric balloon treatment in the coming years. The non-incisional advantage of intragastric balloon procedure and the complications associated with traditional surgical options will drive patient inclination towards non-surgical treatment options.
Strong demand for dual intragastric balloons
The demand for dual intragastric balloons is likely to be driven by several advantages over single intragastric balloon procedures. These benefits include low risk of migration, or obstruction, and better comfort to patients which will result in high adoption of these procedures for treatment of obesity. Notably, dual intragastric balloon market share is expected to grow considerably at a 33.7% CAGR up to 2025 owing to prevailing obesity across the globe.
Gas-filled intragastric balloons to gain traction
Gas-filled intragastric balloon system helps in reducing nearly 7% of the total body weight within 6 months, resulting in higher patient satisfaction. Also, the better quality of balloon enhances patient compliance at removal and helps avoid incidences of spontaneous deflations of the devices. Reportedly, gas-filled intragastric balloon market captured nearly 36% of the overall industry share in 2018 and will grow substantially over the next few years.
To access sample pages of this report titled, “Intragastric Balloon Market Size By Product (Single Intragastric Balloon, Dual Intragastric Balloon, Triple Intragastric Balloon), By Filling Material (Saline-filled, Gas-filled), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents, please click on the link below:
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Preference for weight reduction procedures at clinics
An increasing number of obese and overweight individuals has created a significant need for intragastric balloon solutions. A vast majority of patients today prefer clinics for obesity treatment due to availability of cost-friendly options. Intragastric balloon industry share from clinics end-use segment was valued at US$7.8 million in 2018 and is likely to witness substantial expansion in the forthcoming years.
Prevalence of obesity in Australia and France
Increased demand for weight loss programs and techniques in France is likely to accelerate developments in intragastric balloon technology. According to OECD, about 1 out of 10 people are obese and the ratio of overweight people is nearly 40% in the country. Notably, France intragastric balloon industry size was valued at US$3.1 million in 2018 and is estimated to grow substantially on account of growing awareness about weight reduction procedures.
Australia accounted for approximately 23.3% revenue share of intragastric balloon market in 2018 and is slated to witness notable growth due to rising prevalence of obesity in the nation. As per the Australia & New Zealand Mental Health Association (ANZMH), over 60% of the population in Australia suffers from obesity. These trends can be attributed to irregular eating habits and adoption of sedentary lifestyle in the region.
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