GLOBAL INTRAGASTRIC BALLOON MARKET FORECAST 2019-2028

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GLOBAL INTRAGASTRIC BALLOON MARKET FORECAST 2019-2028

The global intragastric balloon market is projected to grow at a CAGR of 12.14% and generate a revenue of $102.17 million by the end of the forecast period. The base year considered for assessing the market growth is 2018, and the forecast years are 2019 to 2028. Being a device-based bariatric process, the intragastric balloon involves the implantation of a silicone balloon filled with air or saline. As a result of the coronavirus pandemic, many surgeries and procedures have been postponed to avoid infections. However, to prevent future complications, the removal of an intragastric balloon is considered a semi-urgent intervention procedure that no longer requires postponing.

GLOBAL INTRAGASTRIC BALLOON MARKET FORECAST 2019-2028

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The global intragastric balloon market is projected to grow at a CAGR of 12.14% and generate a revenue of $102.17 million by the end of the forecast period. The base year considered for assessing the market growth is 2018, and the forecast years are 2019 to 2028. Being a device-based bariatric process, the intragastric balloon involves the implantation of a silicone balloon filled with air or saline. As a result of the coronavirus pandemic, many surgeries and procedures have been postponed to avoid infections. However, to prevent future complications, the removal of an intragastric balloon is considered a semi-urgent intervention procedure that no longer requires postponing.

Key factors responsible for the global intragastric balloon market growth are: 

  • Huge obese population
  • Rise in government initiatives
  • Unhealthy lifestyle
  • Short hospital stays and recovery time post-intragastric ballooning

Global Intragastric Balloon Market

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Primary drivers augmenting the growth of the global intragastric balloon market are a vast obese population and an increase in government initiatives. Over 2 billion children and adults worldwide are obese and suffer from health complications due to their weight. This accounts for one-third of the world’s population, having additional weight and poor diet fueled by urbanization and reduced physical activity. Moreover, there has been a considerable rise in government initiatives for obesity with an added need for obesity management and related secondary disorders.

In 2019, the majority of the revenue share was captured by the single balloon segment of the product category. On the other hand, the triple balloon segment is anticipated to be the fastest-growing segment across the product category, during the forecast years.

The deflated gastric balloon is implanted through the esophagus to the stomach. Then a syringe is used to seal the balloon with a sterile saline solution. Moreover, patients’ advancing inclination towards minimally invasive surgeries over bariatric surgeries, like sleeve gastrectomy and gastric bypass, is anticipated to boost the triple intragastric balloon market growth.

Major factors hindering the intragastric balloon market growth analysis are stringent product approvals, in addition to short-term consequences of intragastric ballooning for weight loss with bariatric surgeries. The United States Food and Drug Association is seemingly more rigorous, as compared to the European Regulations (CE Mark) regarding the approval of an intragastric balloon. Intragastric balloons are also known to have short-term effects on obesity treatment. Moreover, it is crucial to follow a proper diet plan, intensive lifestyle modifications, and begin pharmacotherapy after the removal of the intragastric balloon to ensure maintaining long-term weight loss.

The report scope on the global intragastric balloon market includes the segmentation analysis on the basis of product, filling material, and end-use.

Market by Product:

  • Single balloon
  • Dual balloon
  • Triple balloon

Market by Filling Material: 

  • Saline-filled
  • Gas-filled

Market by End-use:

  • Clinics
  • Hospitals
  • Ambulatory surgical centers

Geographically, the global intragastric balloon market has been segmented on the basis of four major regions:

  • North America: The United States & Canada
  • Asia Pacific: China, Japan, India, Thailand, South Korea, Vietnam, Indonesia, Australia & New Zealand, and Rest of Asia Pacific
  • Europe: Germany, France, Italy, Russia, Belgium, The United Kingdom, Poland, and Rest of Europe
  • Rest of World: Latin America, the Middle East & Africa

Geographically, North America dominated the global intragastric balloon market in 2019. Moreover, this market trend is projected to continue until the end of the forecast period. Obesity was officially classified as a disease by the Centers for Medicare & Medicaid Services (CMS) in 2004 and the American Medical Association (AMA) in 2013. This resulted in the elimination of a significant barrier in medical treatment access for obese patients in the United States.

The Asia Pacific region is projected to grow at a fast pace across the forecast years. In India, obesity is one of the most neglected public health problems. Moreover, childhood obesity is also one of the most severe public health problems faced by the masses. The rising obesity rate incorporated with an increased prevalence of diabetes is anticipated to drive the intragastric balloon market in India.

The main players in the global intragastric balloon market are: 

  • Apollo Endosurgery Inc
  • Allergan Inc
  • Endalis
  • Helioscopie SA
  • Medsil
  • Others

Key strategies adopted by global intragastric balloon companies:

In September 2019, Apollo endo-surgery received a 510(k) clearance from the United States Food and Drug Administration (FDA) for its Polypropylene suture-anchor assembly. In May 2019, Spatz Medical announced the FDA trial results of its innovative adjustable gastric balloon. The results validate that the Spatz3 balloon is pointedly more active than any non-changeable balloon in the market.

Key trends of the global intragastric balloon market:

  • Hospitals are highly focused on patient sanity.
  • There have been numerous advancements in technology.
  • Structural changes have been implemented in the healthcare industry
  • Stringent product approvals are projected to hinder the market growth.

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET OVERVIEW
    • OBESITY
    • BMI RANGES
    • MORBID OBESITY
    • LOSING WEIGHT
    • HISTORY OF INTRAGASTRIC BALLOON
    • RE-ENTRY OF INTRAGASTRIC BALLOON
    • ADVANTAGES OF INTRAGASTRIC BALLOON
    • COMPLICATIONS ASSOCIATED WITH INTRAGASTRIC BALLOON
    • WHO IS NOT SUITABLE FOR PLACEMENT OF INTRAGASTRIC BALLOON?
  4. MARKET DYNAMICS
    • MARKET DEFINITION
    •    KEY DRIVERS
      • HUGE OBESE POPULATION
      • RISE IN GOVERNMENT INITIATIVES
      • UNHEALTHY LIFESTYLE
      • SHORT HOSPITAL STAY AND SHORT RECOVERY TIME POST-INTRAGASTRIC BALLOONING
    •    KEY RESTRAINTS
      • STRINGENT PRODUCT APPROVAL
      • SHORT-TERM EFFECTS OF INTRAGASTRIC BALLOONING FOR WEIGHT LOSS
      • ADVERSE EVENTS OF INTRAGASTRIC BALLOON
      • LACK OF REIMBURSEMENT FOR INTRAGASTRIC BALLOONING
  1. KEY ANALYTICS
    •    PORTER’S FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRY
      • THREAT OF SUBSTITUTION
      • BUYER’S POWER
      • SUPPLIER’S POWER
      • COMPETITIVE RIVALRY
    • IMPACT OF COVID-19 ON INTRAGASTRIC BALLOON IMPLANT
    • VALUE CHAIN ANALYSIS
    • SUPPLY CHAIN ANALYSIS
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY INVESTMENT INSIGHT
  2. MARKET BY PRODUCT
    • SINGLE BALLOON
    • DUAL BALLOON
    • TRIPLE BALLOON
  3. MARKET BY FILLING MATERIAL
    • SALINE-FILLED
    • GAS-FILLED
  4. MARKET BY END-USE
    • CLINICS
    • HOSPITALS
    • AMBULATORY SURGICAL CENTERS
  5. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    •    EUROPE
      • GERMANY
      • FRANCE
      • THE UNITED KINGDOM
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • JAPAN
      • CHINA
      • INDIA
      • AUSTRALIA & NEW ZEALAND
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILE
    • APOLLO ENDOSURGERY INC
    • ASPIRE BARIATRICS INC
    • ALLURION TECHNOLOGIES INC
    • ALLERGAN INC
    • BARONOVA INC
    • DISTRICLASS MEDICAL
    • ENDALIS
    • HELIOSCOPIE SA
    • MEDSIL
    • OBALON THERAPEUTICS INC
    • RESHAPE LIFESCIENCES
    • SILIMED INC
    • SPATZ FGIA

TABLE LIST

TABLE 1: MARKET SNAPSHOT – INTRAGASTRIC BALLOON

TABLE 2: GLOBAL INTRAGASTRIC BALLOON MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL INTRAGASTRIC BALLOON MARKET, BY PRODUCT, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 4: GLOBAL SINGLE BALLOON MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL SINGLE BALLOON MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 6: GLOBAL DUAL BALLOON MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL DUAL BALLOON MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL TRIPLE BALLOON MARKET, BY REGION, HISTORICAL YEARS 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL TRIPLE BALLOON MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 10: GLOBAL INTRAGASTRIC BALLOON MARKET, BY FILLING MATERIAL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL INTRAGASTRIC BALLOON MARKET, BY FILLING MATERIAL, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 12: GLOBAL SALINE-FILLED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL SALINE-FILLED MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 14: GLOBAL GAS-FILLED MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL GAS-FILLED MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 16: GLOBAL INTRAGASTRIC BALLOON MARKET, BY END-USE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL INTRAGASTRIC BALLOON MARKET, BY END-USE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 18: GLOBAL CLINICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL CLINICS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 20: GLOBAL HOSPITALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL HOSPITALS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 22: GLOBAL AMBULATORY SURGICAL CENTERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL AMBULATORY SURGICAL CENTERS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 24: GLOBAL INTRAGASTRIC BALLOON MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL INTRAGASTRIC BALLOON MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 26: NORTH AMERICA INTRAGASTRIC BALLOON MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: NORTH AMERICA INTRAGASTRIC BALLOON MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 28: EUROPE INTRAGASTRIC BALLOON MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: EUROPE INTRAGASTRIC BALLOON MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 30: ASIA PACIFIC INTRAGASTRIC BALLOON MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: ASIA PACIFIC INTRAGASTRIC BALLOON MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

TABLE 32: COST OF INTRAGASTRIC BALLOONING IN AUSTRALIA, BY PROGRAM

TABLE 33: REST OF WORLD INTRAGASTRIC BALLOON MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 34: REST OF WORLD INTRAGASTRIC BALLOON MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

FIGURE 2: OPPORTUNITY MATRIX

FIGURE 3: VENDOR LANDSCAPE

FIGURE 4: GLOBAL INTRAGASTRIC BALLOON MARKET, BY PRODUCT, IN 2019

FIGURE 5: GLOBAL INTRAGASTRIC BALLOON MARKET, BY SINGLE BALLOON, 2019-2028 (IN $ MILLION)

FIGURE 6: GLOBAL INTRAGASTRIC BALLOON MARKET, BY DUAL BALLOON, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL INTRAGASTRIC BALLOON MARKET, BY TRIPLE BALLOON, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL INTRAGASTRIC BALLOON MARKET, BY FILLING MATERIAL, IN 2019

FIGURE 9: GLOBAL INTRAGASTRIC BALLOON MARKET, BY SALINE-FILLED, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL INTRAGASTRIC BALLOON MARKET, BY GAS-FILLED, 2019-2028 (IN $ MILLION)

FIGURE 11: GLOBAL INTRAGASTRIC BALLOON MARKET, BY END-USE, IN 2019

FIGURE 12: GLOBAL INTRAGASTRIC BALLOON MARKET, BY CLINICS, 2019-2028 (IN $ MILLION)

FIGURE 13: GLOBAL INTRAGASTRIC BALLOON MARKET, BY HOSPITALS, 2019-2028 (IN $ MILLION)

FIGURE 14: GLOBAL INTRAGASTRIC BALLOON MARKET, BY AMBULATORY SURGICAL CENTERS, 2019-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA INTRAGASTRIC BALLOON MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 16: THE UNITED STATES INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: CANADA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: EUROPE INTRAGASTRIC BALLOON MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 19: GERMANY INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: FRANCE INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: THE UNITED KINGDOM INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: ITALY INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: RUSSIA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: BELGIUM INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: POLAND INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: REST OF EUROPE INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: ASIA PACIFIC INTRAGASTRIC BALLOON MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)

FIGURE 28: JAPAN INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: CHINA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: INDIA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: AUSTRALIA & NEW ZEALAND INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: SOUTH KOREA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: CHILDHOOD OBESITY RATES IN KOREA, 2000-2020

FIGURE 34: THAILAND INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 35: INDONESIA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 36: VIETNAM INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 37: REST OF ASIA PACIFIC INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 38: REST OF WORLD INTRAGASTRIC BALLOON MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 39: LATIN AMERICA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

FIGURE 40: MIDDLE EAST & AFRICA INTRAGASTRIC BALLOON MARKET, 2019-2028 (IN $ MILLION)

  1. MARKET BY PRODUCT
    • SINGLE BALLOON
    • DUAL BALLOON
    • TRIPLE BALLOON
  2. MARKET BY FILLING MATERIAL
    • SALINE-FILLED
    • GAS-FILLED
  3. MARKET BY END-USE
    • CLINICS
    • HOSPITALS
    • AMBULATORY SURGICAL CENTERS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    •    EUROPE
      • GERMANY
      • FRANCE
      • THE UNITED KINGDOM
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
    •    ASIA PACIFIC
      • JAPAN
      • CHINA
      • INDIA
      • AUSTRALIA & NEW ZEALAND
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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