Global Gastric Balloons System Market is Expected to Reach US$ 167.3 Mn by 2025, Surge in R&D for the Development of Newer Products
Analyst Speak:

“The Global Gastric Balloons System Market is expected to reach US$ 167.3 Mn over the forecast by 2025 owing to grow in R&D for the development of newer products”

The global gastric balloons system market is expected to reach US$ 167.3 Mn by 2025. Gastric balloons are known as stomach balloons. It is an inflatable medical device that is temporarily placed into the stomach to reduce weight. As per WHO report more than 1.9 billion adults were overweight, of these over 650 million were obese. The global gastric balloons system market is driven by its weight reduction applicability when diet and exercise have failed and surgery is not recommended or wanted. The rising prevalence of obesity and preference for minimally invasive procedure is streaming the global gastric balloon market. The global gastric balloon market can lose its value due to the possible side effects of gastric balloons, such as stomach cramps, indigestion, bloating, diarrhea, etc. Additionally, there can be procedure-related side effects due to endoscopy and anesthesia. They are only considered safe and effective in short run.

Global gastric balloons system market is segmented on the basis of product type, filling material, route of administration, end user, and region.

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Saline Filling Gastric Balloons System Dominate the Global Gastric Balloons System Market

Based on the filling material, global gastric balloons system market is segmented into saline filling and gas filling. Saline filling tend to dominate the global gastric balloons system market. A study performed by Mansoura University Hospital, Egypt proves that the use of gastric balloon filled with saline causes more weight loss in patients than balloon filled with air.

North America Leads the Global Gastric Balloons System Market

PBI’s global gastric balloons system market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America gastric balloons system market accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to their advancement in research and development sector, favorable government initiatives, growing need for the minimally invasive procedures and rise in prevalence of obesity. However, Asia Pacific gastric balloons system market is expected to grow at a steady pace over the years due to their growing obese population, unhealthy dietary habits, increased research activity, improved healthcare infrastructure and emerging economies especially in countries like China and Japan will surge the growth of gastric balloons system market.

Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global Gastric Balloons System market further reveals that the key players increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in July 2019 Obalon Therapeutics obtained two new U.S. patents covering its proprietary intragastric balloon system.

Key player’s profiles in the report are Allurion Technologies (U.S.), ReShape Medical Inc. (U.S.), Silimed Inc. (Brazil), Districlass Medical (S.A.) (France), Obalon Therapeutics Inc. (U.S.), Apollo Endosurgery, Inc. (US), Helioscopie SA (France), Obalon Therapeutics Inc., and Spatz Laboratories (USA).

Precision Business Insights (PBI) in its report titled “Global Gastric Balloons System Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Product Type
• Single Intra Gastric Balloon
• Double Intra Gastric Balloon
• Triple Intra Gastric Balloon

By Filling Material
• Saline Filling
• Gas Filling

By Route of Administration
• Endoscopy
• Swallowable

By End User
• Hospitals
• Bariatric Clinics
• Ambulatory Surgical Centers

Geography

o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

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