Report : Gastric Balloon Market to 2027 - Global Analysis and Forecasts By Product (Single Gastric Balloons, Dual Gastric Balloons and Triple Gastric Balloons), Filling Material (Saline Filled and Gas Filled), End User (Bariatric Surgeons, Gastrointestinal Endoscopists, Nutritionists, Aesthetic Practitioners, and Other End Users), and Geography
Bariatric surgeons segment is expected to drive the growth of the Global Gastric Balloon Market by End User
According to a new market research study titled 'Gastric Balloon Market to 2027 - Global Analysis and Forecasts by Product, Filling Material and End User. The global gastric balloon market is expected to reach US$ 152.1 Mn in 2027 from US$ 67.3 Mn in 2018. The market is estimated to grow with a CAGR of 9.7% from 2019-2027. The market is expected to grow due to growing hospital associated infections and government initiatives undertaken to promote the market growth, however, the high costs of the gastric balloon is hindering the market growth.
Gastric balloons are being preferred for weight loss during recent days. Unlike other procedures for weight loss, the gastric balloons are non-invasive methods for managing weight loss. The gastric balloon is placed through the mouth and is pushed down the esophagus, while it is in its least dilated form. Once the balloon reaches the stomach, it is filled with the saline or gas with the help of a tube, which is removed out once the balloon has been placed. These balloons are inserted in the stomach for around 6 months in order to obtain proper weight loss.
Global gastric balloon market, based on end user was segmented as, bariatric surgeons, gastrointestinal endoscopists, nutritionists & aesthetic practitioners, and other end users. In 2018, bariatric surgeons segment held the largest share of the market, by end user. However, the gastrointestinal endoscopists segment is expected to grow at the fastest rate during the coming years attributing the rising preference of bariatric surgery for weight loss.
The major players operating in the gastric balloon market, Apollo Endosurgery, Inc., Allurion Technologies ENDALIS, Helioscopie Medical Implants, LEXEL SRL, MEDSIL, Obalon Therapeutics, Inc., ReShape Lifesciences, Inc., Silimed, and Spatz FGIA, Inc. Inorganic activities such as, agreement is a prominent parameter undertaken by industry players. For instance, in March, 2018, Reshape signed an agreement with Academy Medical LLC to sell its ReShape Balloon and ReShape vBloc products to U.S. Department of Defense (DoD) medical facilities. The developments performed by the companies are helping the market to grow in the coming years.
The report segments the global gastric balloon market as follows:
Global Gastric balloon Market - By Type
Global Gastric Balloon Market - By Filling Material
Global Gastric Balloon Market - By End User
Global Gastric balloon Market - By Geography
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