Qualitative Analysis on Gastric Balloon Market to Have a Healthy Growth during the Forecast Year 2027

Obesity has been spreading at an epidemic rate during the recent years, specifically in the urban areas of the developed nations. As per estimates made by the WHO, during 2016, more than 1.9 billion adults, aged 18 years and older, were overweight. Of these over 650 million were obse. Also, an estimated 41 million children under the age of 5 years were overweight or obese. The prevalence of overweight and obesity among children and adolescents aged 5-19 has witnessed a dramatic from a minimal 4% in 1975 to above 18% in 2016. At present, obesity rates are significantly high in the United States, Mexico, New Zealand and Hungary, while they are lowest in Japan and Korea. Whereas, during the future years, obesity rates in countries such as Korea and Switzerland are anticipated to increase at the fastest rate.

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Some of the leading players operating in the Gastric Balloon Market include

  • Allurion Technologies Inc.
  • Apollo Endosurgery, Inc.
  • ENDALIS
  • Helioscopie Medical Implants
  • LEXEL SRL
  • MEDSIL
  • Obalon Therapeutics, Inc.
  • ReShape Lifesciences, Inc.
  • Silimed
  • Spatz FGIA, Inc.

The endoscopic intragastric balloon treatment is a non-surgical method to help lose weight in patients who suffer from obesity or morbid obesity. It is an endoscopic procedure, in which a balloon is inserted in the stomach, which occupies about half of the stomach’s space. The balloon remains in the stomach for a maximum of six months and it is meant to increase the feeling of satiety and limit food intake. Endoscopy offers ease in the placement as well as the removal of a gastric balloon, along with limited complications due to the non-surgical nature of the procedure. Also, the absence of incisions unlike other weight loss surgeries is expected to fuel the growth of the market in the future years.

The global gastric balloon market by product was led by single gastric balloon segment. The single gastric balloons, is further sub-segmented into, Elipse gastric balloons, Orbera gastric balloons and other single gastric balloons. In 2018, the single gastric balloon segment held a largest market share of 89.0% of the gastric balloon market, by product. This segment is also expected to dominate the market in 2027 owing to its property of being implanted more easily as decreased rate of complications. In addition to larger share, the segment is anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027.

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The report analyzes factors affecting Gastric Balloon market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Gastric Balloon market in these regions.

The Gastric Balloon Market by filling material is segmented into saline filled and gas filled. The saline filled segment is anticipated to grow at a CAGR of 9.9% during the forecast period. The reduced risk of complications along with better retention in the stomach is anticipated to fuel the growth of the segment during the forecast period.

Market Segmentation:

GASTRIC BALLOON - MARKET SEGMENTATION

By Product

  • Single Gastric Balloons
    • Elipse Gastric Balloons
    • Orbera Gastric Balloons
    • Other Single Gastric Balloons
  • Dual Gastric Balloons
  • Triple Gastric Balloons

By Filling Material

  • Saline Filled
  • Gas Filled

By End User

  • Bariatric Surgeons
  • Gastrointestinal Endoscopists
  • Nutritionists & Aesthetic Practitioners
  • Other End Users

Asia-Pacific was the leading geographic Gastric Balloon Market and it is anticipated to be the highest revenue contributor throughout the forecast period. Asia is well known across the world for the dynamic market nature and robust growth capabilities. The region has a large obese population base in its leading countries such as, China and Japan. Also, there has been rising preference for bariatric surgeries for better weight loss.

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The most crucial key factors in the businesses have been elaborated to get ample and accurate data of market dynamics. Rising needs and popularity of Gastric Balloon Market sector is driving the flow of the market towards progress. In addition to this, it lists the factors which are restraining the growth of the market.

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Gastric Balloon Market

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Gastric Balloon Market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Tuesday August 20 2019, 6:00 PM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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