Intragastric Balloons Market to grow at a Significant Rate During the Forecast Period
Increasing cases of obesity are anticipated to support the growth of the
global intragastric balloons market positively.
According
to TechSci Research report, “Global Intragastric Balloons
Market By Administration (Pill
Form v/s Endoscopy), By Balloon Type (Single, Dual, Triple), By Filling Type (Saline Filled v/s Gas Filled), By Application (Obesity,
Diabetes, Diet Control, Others), By End User (Hospitals & Clinics,
Ambulatory Surgical Centers, Others), By Region, Competition Forecast &
Opportunities, 2026”, the global intragastric balloon is expected to grow
at a promising rate during the forecast period. The market is anticipated to
show growth at an impressive CAGR in the upcoming years, 2022-2026, on the
account of technological advancements in the intragastric balloons. Moreover,
the intragastric balloons are also being implanted to reduce the unwanted
gastric erosion, ulceration and vomiting, which will support the growth of the
global intragastric balloon market, positively.
Due
to the onset of COVID-19 and imposition of complete lockdown to mitigate
coronavirus, there has been shutdown of many manufacturing units and disruption
in the supply chain resulting in interrupted production and lesser supply of
the intragastric balloons all around the globe. Also, the economy has been
adversely affected in many countries resulting in the hinderance to the growth
of the global intragastric balloon market. However, after relief from lockdown,
the market is again expected to pick up pace to grow significantly.
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The
global intragastric balloon market is segmented by administration, balloon
type, filling type, application, end user, and regional distribution. Based on
balloon type, the market is further fragmented into single, dual, and triple.
Single balloons are dominating the market on account of their feasibility
towards the treatment. Based on filling type, the market is categorized into saline
filled v/s gas filled. Saline filled intragastric balloons are dominating the
previous market and are expected to keep dominating the market in the forecast
period as well owing to the effectiveness of the material. This type of balloon
is recorded to be more effective as compared to gas filled balloons.
Some
of the major competitors in the market are Apollo Endosurgery, Inc., Obalon
Therapeutics, Inc., Allurion Technologies, Inc., Spatz3 FGIA Inc., ReShape
Lifesciences Inc, Silimed Inc., Districlass Medical SA, Helioscopie Medical
Implants, Allergan Inc., and Tulip Medical, among others. The companies are
focusing on extensive research and development activities to stay competitive
in the market. Other competitive strategies include formation of alliances and partnerships.
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“Regionally, North America accounted for the
largest share in the global intragastric balloon market in 2020 due to large
base of obese population and increased adoption of sedentary lifestyle in the
countries like United States and Canada. Moreover, presence of well established
healthcare infrastructure is expected to positively influence the growth of
intragastric balloons market in the country.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
“Global Intragastric
Balloons Market By Administration (Pill Form v/s Endoscopy), By Balloon Type
(Single, Dual, Triple), By Filling Type (Saline Filled v/s Gas Filled), By
Application (Obesity, Diabetes, Diet Control, Others), By End User (Hospitals
& Clinics, Ambulatory Surgical Centers, Others), By Region, Competition
Forecast & Opportunities, 2026”, has evaluated the future growth potential of the
global intragastric balloon and provides statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global intragastric
balloon market.
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