Intragastric Balloons Market - Forecast(2021 - 2026)

The Intragastric Balloon Market is a very small market from the, market players point of view, having come into the picture actively only since the past few years. There are less than a dozen players in the market of which the leading player is Apollo Endosurgery. The Intragastric balloon market reportedly made a revenue of around $70 million in 2017 and is expected to grow at a CAGR of 25.47%  during the forecast period 2018-2023. 

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Intragastric Balloon Market Outlook:

Intragastric Balloons are inflatable balloon like sacs that are primarily used for weight loss procedures, when other traditional methods of dieting and exercise haven’t worked. They work by being placed inside the stomach walls either by a minimally invasive surgery or by non-surgical procedures, once placed they are inflated by being filled with either a liquid saline solution or air, due to which they occupy a large volume within the stomach. This gives the patient a feeling of satiety, and with the help of a controlled diet and exercise the patient can reduce eating portions and lose weight. The balloons are kept within the stomach for only 6 months and are either removed by endoscopy or they deflate automatically and pass through the digestive system. With the rise in obesity levels and aging population globally a non-surgical bariatric procedure seems to hold an advantage over the scarring ones due to which the market for Intragastric Balloons is expected to see a good growth level.

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Intragastric Balloon Market Growth drivers:

Major drivers for the Intragastric Balloons is the fact that it is a non-surgical procedure, the balloon is placed either by an oral pill or by an endoscopic procedure, and takes only around 30 minutes to be setup. The idea of not leaving any scars is an extremely inviting one. This has been a major growth driver for the market of Intragastric Balloons.

Another major factor has been the rise in obesity levels globally and especially in the US, where around 40% of the population is reported to be obese. Obesity has a lot of adverse effects, which also leads to comorbid diagnosis. This growing trend in the health and lifestyle of people is a major avenue for the product to inculcate a healthy lifestyle in the population.

Intragastric Balloon Market Challenges:

Challenges faced by the market pertain to that not every patient can undergo this procedure. The patient’s Body Mass Index (BMI) needs to be in between 30 to 40, cannot be used on patients who have had any sort of previous gastro surgery and cannot be used by patients having drugs or alcohol addiction. This forms a major constraint on the market size.

Another challenge also faced by the market is the side effects with the procedure where, up to 2 weeks after the placement of the balloon device the patient can have nausea, vomiting, stomach cramps, reflux and other symptoms. It also depends on the psychology of the patients and his readiness with having a foreign object placed inside his body.

Intragastric Balloon Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Intragastric Balloon Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

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