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Global Intragastric Balloon Market Size, Share, Growth, Trends, Price, Forecast: By Product Type: Single, Dual, Triple; By Filling Material Type: Saline Filled, Gas Filled; By End-User: Hospitals, Ambulatory Surgical Centres, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028
Global Intragastric Balloon Market Outlook
The global intragastric balloon market size reached a value of nearly USD 18.19 million in 2022. The market is expected to grow at a CAGR of 10.60% between 2023 and 2028, reaching a value of about USD 33.3 million by 2028.
Key Trends in the Market
An intragastric balloon refers to a medical device that is placed inside the stomach to lower intragastric space and induce long-lasting weight loss in obese patients. The balloon promotes the feeling of satiation, reduces the stomach’s ability to accommodate food, and serves as a restrictive mechanism to contribute to the weight loss of patients. The use of intragastric balloons, combined with lifestyle interventions and pharmacotherapy, can aid patients to achieve nearly significant body weight loss.
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- Due to sedentary lifestyles and unhealthy food habits, the prevalence of obesity across the globe is surging. The increasing awareness regarding the negative effects of obesity on the quality of life is anticipated to boost the intragastric balloon market demand, as the balloons are intended to boost satiety through neuroendocrine and mechanical mechanisms.
- The ease of placement, general safety, and ease of administration offered by intragastric balloons are driving their deployment. Intragastric balloons offer minimally invasive options for obesity treatment and management, effectively treat obesity-related medical conditions, induce weight loss, and reduce anaesthesia-related and surgical complications while reducing BMI; such benefits are bolstering their preference.
- Increasing research and development (R&D) activities to boost the effectiveness of intragastric balloons while minimising their risk of failure are likely to surge their popularity. The increasing clinical studies to demonstrate the efficacy and safety of innovative balloons and the rising use of the balloon as a bridge treatment for bariatric surgery are further expected to augment the intragastric balloon market development in the forecast period.
- However, several complications are associated with intragastric balloons, including heart attack, oesophageal or gastric perforation, and acute pancreatitis, among others. Issues such as overinflation of the balloon can also be fatal to patients.
Market Analysis
Based on product type, the intragastric balloon market can be segmented into single, dual, and triple. By filling material type, the market is bifurcated into saline filled and gas filled. The major end-users of intragastric balloon include hospitals and ambulatory surgical centres, among others. The regional markets for intragastric balloon can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global intragastric balloon market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Apollo Endosurgery, Inc
- Allurion S.a.s.
- ENDALIS
- Easmed
- Accel Medical
- Others
Market Share by Filling Material Type
Saline-filled intragastric balloon posits the properties and features of a thin, extractable, and filling catheter at a valve, hence enabling the removal or addition of saline in situ and customisation of intragastric volume in accordance with the tolerance and desired weight-loss outcomes of the patient. Moreover, research and development activities initiated by the leading companies demonstrate the superiority of saline-filled balloons in effectively bolstering weight loss, which is adding on to their demand.
Meanwhile, a gas-filled intragastric balloon facilitates easy gastric volume titration, and it is swallowed under fluoroscopic visualisation. It is compressed, folded, and fitted into a dissolvable gelatin capsule and can remain implanted for nearly 6 months.
The intragastric balloon market development is bolstered by the increasing approvals of gas-filled and saline-filled intragastric balloons by healthcare bodies like the FDA, which are also approving the use of advanced navigation systems that utilise magnetic resonance for providing a real-time image of the balloon while minimising patients’ and personnel’s exposure to radiation.
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Market Share by Region
North America accounts for a significant share of the market for intragastric balloon owing to the high prevalence of obesity in countries like the United States and the robust healthcare infrastructure in the region. The increasing approvals of innovative intragastric balloons by healthcare bodies such as the FDA and Health Canada are likely to boost the market growth in the forecast period.
The increasing attempt by leading players in the market to enhance the cost-effectiveness of the treatment is anticipated to pose as a significant intragastric balloon market driver. Furthermore, the surging cost-effectiveness of intragastric balloons, the development of biocompatible and technologically advanced intragastric balloons, the rising demand for innovative weight loss treatments, and the high availability of skilled workforce are expected to positively influence the North America market growth in the coming years.
Meanwhile, the Asia Pacific intragastric balloon market is witnessing robust growth owing to the increasing interest towards lowering obesity rates in countries like India and China and the surging approvals and launches of intragastric balloons in the region. For instance, in September 2022, Allurion launched its swallowable gastric balloon capsule, a medical weight-loss device approved by the CDSCO (Central Drugs Standard Control Organisation), in India.
Competitive Landscape
Apollo Endosurgery Inc is a prominent medical technology corporation that is engaged in treating gastrointestinal issues, ranging from interventional obesity treatment to gastrointestinal defect repairs, through minimally invasive surgeries. The company aims to lower overall healthcare costs and reduce complications of surgical procedures through its innovative treatment methods. Based in Texas, its products are marketed and sold in 75 countries across the globe.
Allurion S.a.s. is a company that aims to develop the world’s first full-stack weight-loss platform for eradicating obesity. Through its flagship Allurion Platform, the company enables patients to lose about 10%-15% of their body weight in nearly 16 weeks. The Allurion Balloon is designed to support patients to reduce their food intake and encourage smaller portions at mealtimes, hence training the body to eat less.
ENDALIS is engaged in the development of innovative medical solutions to develop intragastric balloons for patients unable to undergo surgical treatments to reduce obesity. The company actively invests in technological innovations for advancing the development of intragastric balloons that are easy to use and posit no potential risks.
Other major players in the intragastric balloon market include Easmed and Accel Medical, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Filling Material Type |
|
| Breakup by End-User |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Intragastric Balloon Market Analysis
8.1 Key Industry Highlights
8.2 Global Intragastric Balloon Historical Market (2018-2022)
8.3 Global Intragastric Balloon Market Forecast (2023-2028)
8.4 Global Intragastric Balloon Market by Product Type
8.4.1 Single
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Dual
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Triple
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Intragastric Balloon Market by Filling Material Type
8.5.1 Saline Filled
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Gas Filled
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Intragastric Balloon Market by End-User
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Ambulatory Surgical Centres
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Intragastric Balloon Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Intragastric Balloon Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Intragastric Balloon Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Intragastric Balloon Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Intragastric Balloon Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Intragastric Balloon Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Apollo Endosurgery, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Allurion S.a.s.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ENDALIS
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Easmed
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Accel Medical
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Intragastric Balloon Market: Key Industry Highlights, 2018 and 2028
2. Global Intragastric Balloon Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Intragastric Balloon Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Intragastric Balloon Historical Market: Breakup by Filling Material Type (USD Million), 2018-2022
5. Global Intragastric Balloon Market Forecast: Breakup by Filling Material Type (USD Million), 2023-2028
6. Global Intragastric Balloon Historical Market: Breakup by End-User (USD Million), 2018-2022
7. Global Intragastric Balloon Market Forecast: Breakup by End-User (USD Million), 2023-2028
8. Global Intragastric Balloon Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Intragastric Balloon Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Intragastric Balloon Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Intragastric Balloon Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Intragastric Balloon Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Intragastric Balloon Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Intragastric Balloon Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Intragastric Balloon Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Intragastric Balloon Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Intragastric Balloon Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Intragastric Balloon Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Intragastric Balloon Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Intragastric Balloon Market Structure
Key Questions Answered in the Report
In 2022, the market attained a value of nearly USD 18.19 million.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 33.3 million by 2028.
The market is being fuelled by rising awareness regarding the benefits of intragastric balloons, the increasing prevalence of obesity, and the surging launches of intragastric balloons in developing countries like Brazil and India.
The global intragastric balloon market is estimated to grow at a CAGR of 10.60% between 2023 and 2028.
Intragastric balloons are considered safe and effective treatments to facilitate weight loss and they are known to reduce 7%-15% of overall body weight.
The increasing approvals of innovative intragastric balloons, robust healthcare infrastructure, and the surging R&D activities to enhance the efficacy and safety of intragastric balloons are likely to aid the market growth.
An intragastric balloon is not a permanent solution, and it can be placed inside the stomach for about 6 months.
The major product types of intragastric balloon in the market are single, dual, and triple.
The various filling materials used for intragastric balloons are saline filled and gas filled.
The significant end-users of intragastric balloons include hospitals and ambulatory surgical centres, among others.
The major players in the market are Apollo Endosurgery, Inc, Allurion S.a.s., ENDALIS, Easmed, and Accel Medical, among others.
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