According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Intragastric Balloons Market size to exceed USD 97.8 mn by 2024.
Major end-users of intragastric balloons market are ambulatory surgical centers, hospitals, and clinics. Ambulatory surgical centers will contribute massively toward the overall industry share with a CAGR estimation of more than 9.5% over 2016-2024. The growth can primarily be attributed to reduced hospital stays, high quality patient care, and relatively quick recovery period. Increased spending on quality healthcare will fuel intragastric balloons market share across clinics globally, which is expected to increase at a CAGR of 10% over 2016-2024.
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High prevalence of obesity coupled with growing preference toward minimally invasive bariatric surgeries will fuel intragastric balloons industry size. In 2014, the U.S. alone accounted for nearly 35% of the global obese population, and obesity inadvertently leads to disorders such as gall bladder disease, diabetes, heart disease, and stroke. Rising incidences of obesity among adults and technological advancements in surgical procedures to minimize health risks caused due to obesity will further propel market growth. According to Global Market Insights, Inc., “Intragastric Balloons Industry, worth approximately USD 120 million in 2015, is anticipated to increase at a CAGR of more than 9.5% over 2016-2024.”
China intragastric balloons market accounted for revenue size of USD 1.73 million in 2017 owing to rapid increase in the prevalence of obesity. As per national population survey in Hong Kong, approximately 29% of the total population was found to be overweight and 3.8% population was obese. High pervasiveness is due to increasing adoption of sedentary lifestyle and unhealthy diet patterns, thereby propelling industry growth.
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Some of the prominent players involved in intragastric balloons market are Allurion Technologies, Districlass Medical, Apollo Endosurgery, Lexel, Helioscopie Medical Implants, Medsil, Obalon Therapeutics, ReShape Medical, Silimed and Spatz.
These firms adopt strategic initiatives including mergers and acquisitions, new product launch and geographical expansion. For instance, in December 2015, Allurion Technologies received CE mark for its Elipse Gastric Balloon. The approval permits the company to sell the product in the European Union, thereby expanding its customer base and strengthening its market position.
Read More: https://www.marketwatch.com/press-release/intragastric-balloons-market-to-hit-usd-978-million-by-2024-2018-12-13
Partial Table of Contents (ToC) of the report:
Chapter 4. Intragastric Balloons Market, By Product
4.1. Key segment trends
4.2. Single intragastric balloon
4.2.1. Market size, by region, 2013 – 2024 (USD Million)
4.3. Dual intragastric balloon
4.3.1. Market size, by region, 2013 – 2024 (USD Million)
4.4. Triple intragastric balloon
4.4.1. Market size, by region, 2013 – 2024 (USD Million)
Chapter 5. Intragastric Balloon Market, By Filing Material
5.1. Key segment trends
5.2. Saline-filled balloon
5.2.1. Market size, by region, 2013 – 2024 (USD Million)
5.3. Gas-filled balloon
5.3.1. Market size, by region, 2013 – 2024 (USD Million)
Intragastric balloons market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Intragastric Balloons Market, by Product
- Single intragastric balloon
- Dual intragastric balloon
- Triple intragastric balloon
Intragastric Balloons Market, by Filling Material
Intragastric Balloons Market, by End-User
- Ambulatory surgical centers
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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