What Is The Current and Historic Market Size Analysis Of The Intragastric Balloons Market?
The intragastric balloons market has seen considerable growth due to a variety of factors.
• The intragastric balloons market has experienced rapid growth in recent years. It will grow from $19.89 billion in 2024 to $22.21 billion in 2025, at a CAGR of 11.7%.
The growth is driven by rising obesity rates, higher healthcare expenditure, FDA approvals, awareness campaigns, improved balloon designs, and the growth of medical tourism.
What Is The Forecast For The Intragastric Balloons Market Size?
The intragastric balloons market is expected to maintain its strong growth trajectory in upcoming years.
• The intragastric balloons market is projected to experience rapid growth, reaching $34.23 billion by 2029, with a CAGR of 11.4%.
This growth is driven by celebrity endorsements, obesity-related health concerns, expansion in emerging markets, an increase in endoscopic procedures, an aging population, and personalized treatment methods. Trends include technological innovations, social media awareness, digital health platform integration, artificial intelligence, virtual consultations, and improved patient education programs.
What Are The Essential Drivers Behind The Growth Of The Intragastric Balloons Market?
The rising obesity rates are projected to drive the growth of the intragastric balloon market. Obesity, resulting from factors like poor diet, lack of exercise, and genetics, affects a significant portion of the population. Intragastric balloons are a non-surgical weight loss solution, occupying space in the stomach to curb appetite. According to the World Obesity Atlas 2022, global obesity-related economic costs are expected to reach $4.32 trillion annually by 2035, with over half of the global population projected to be overweight or obese, underscoring market demand.
How Is The Global Intragastric Balloons Market Divided Into Key Segments?
The intragastric balloons market covered in this report is segmented –
1) By Type: Single, Dual, Triple Intragastric Balloons
2) By Filling Material: Saline Filled, Gas Filled
3) By Distribution Channel: Online Pharmacies, Retail Pharmacies, Hospital Pharmacies
4) By Application Areas: Obesity, Diabetes, Diet Control, Weight-loss, Pre-operative Weight Reduction, Other Applications
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Single Intragastric Balloon: Silicone-Based Single Balloon, Non-silicone-Based Single Balloon
2) By Dual Intragastric Balloon: Silicone-Based Dual Balloon, Non-silicone-Based Dual Balloon
3) By Triple Intragastric Balloon: Silicone-Based Triple Balloon, Non-silicone-Based Triple Balloon
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Which Emerging Market Trends Are Altering The Intragastric Balloons Industry?
Leading firms in the intragastric balloon market are concentrating on technological improvements in medical weight-loss devices, such as ingestible gastric balloons, to boost patient comfort, usability, and accessibility. Ingestible gastric balloons, which are non-surgical devices, aid in weight loss by temporarily filling up space in the stomach, thereby creating a satiated feeling and reducing food consumption. For example, Allurion Technologies Inc., a medical device company based in the US, introduced the world's first non-surgical ingestible gastric balloon in India in September 2022. This one-of-a-kind gastric balloon doesn't necessitate an endoscopy or anesthesia for insertion or extraction. The Allurion gastric balloon capsule provides a secure, non-invasive, and effective weight loss solution, assisting individuals in achieving substantial weight loss and establishing healthier lifestyle habits for sustained success.
Who Are the Key Players In The Intragastric Balloons Market?
Major companies operating in the intragastric balloons market are:
• Medtronic plc
• Mayo Clinic
• Boston Scientific Corporation
• Cleveland Clinic
• Mediclinic Group
• Spire Healthcare Group plc
• Micro-Tech (Nanjing) Co.Ltd.
• American Hospital Dubai LLC
• Silimed GmbH
• Apollo Endosurgery Inc.
• Allurion Technologies Inc.
• MedicalExpo
• ReShape Lifesciences Inc.
• Districlass Medical SA
• Healthware Private Limited
• Spatz Medical
• Helioscopie SA
• Bariatric Solutions International GmbH
• HexaHealth Care Pvt. Ltd.
• USGI Medical Inc.
• Inamed Health
• Medsil
• Obalon Therapeutics Inc.
• Endalis
• Lexel SRL
What Are The Regional Insights Into The Intragastric Balloons Market?
North America was the largest region in the intragastric balloons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intragastric balloons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
