The global intragastric balloon market is anticipated to show considerable growth during the forecast period. The intragastric balloon is a newer kind of procedure for weight loss. They work by being placed inside the stomach walls through minimally invasive surgery or non-surgical procedure, once placed they are inflated to fill with liquid saline solution or air owing to that they occupy high volume within the stomach. This offers the patient a feeling of fulland controlled diet and hence lose weight. For attaining managed weight, the individuals need to adopt meal replacement products, low-calorie foods and beverages, weight loss supplements, low-calorie sweeteners, green tea/herbal tea, exercise programs, and surgery among others.
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The key players of the intragastric balloon market includeApollo Endosurgery, Inc., SpatzFGIA Inc., Reshape Lifesciences Inc., Obalon Therapeutics, Inc., Allurion Technologies, Inc., Districlass Medical SA, LexelSRL, and Helioscopie Medical Implants.
The increasing awareness of health among the population and the rising prevalence of chronic diseases, including diabetes, obesity, high cholesterol, and heart attacks, are among the key factors driving the growth of the intragastric balloon market across the globe. According to the Global Burden of Diseases, Obesity is one of the leading factors for premature death and has 4.7 million deaths across the globe in 2017.Around8 % of mortalitywas attributed to obesity in 2017 across the globe. More than 13% of adults are obese and 39% of adults are overweight globally. The increasing prevalence of obesity is the largest concern in communities globally and boosts the growth of the intragastric balloon market over the forecast period. According to the State of obesity, 1 in 3 adults and 1 in 6 children are obese in the US.
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As per the Institute for Health Metrics and Evaluation (IME), an estimated 160 million people of the US are either overweight or obese. To stay healthy consumers are rapidly becoming health conscious and are largely involved in the adoption of nutritious diets and workout programs. The growing prevalence of obesity and overweight has put a considerable strain on the budgets of public healthcare across the globe. Therefore, through wellness programs, governments and corporations are taking steps to decrease the incidence of overweight and obesity, thus leading to the development of the intragastric balloon industry over the forecast period.
Global Intragastric Balloon Market- Segmentation
By Filling Material
• Gas-Filled Balloon
• Saline Filled Balloon
• Single Intragastric Balloon
• Double Intragastric Balloon
• Hospitals and Clinics
• Ambulatory Surgical Centers
Global Intragastric Balloon Market – Segment by Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East Africa
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