Consainsights logo

Gastric Balloons Market Size, Share, Industry Trends and Forecast to 2030

Gastric Balloons Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Gastric Balloons Market Size & CAGR in 2021

The gastric balloons market size in 2021 was estimated to be around USD 120 million, with a Compound Annual Growth Rate (CAGR) of 8.5%. Factors such as increasing obesity rates, technological advancements in bariatric procedures, and rising awareness about the benefits of non-invasive weight loss treatments are driving the growth of the gastric balloons market.

COVID-19 Impact on Gastric Balloons Market

The COVID-19 pandemic had a mixed impact on the gastric balloons market. On one hand, the temporary closure of healthcare facilities and postponement of elective procedures led to a decline in gastric balloon placements in 2020. However, the increasing focus on home-based weight loss solutions and the growing preference for minimally invasive procedures boosted the demand for gastric balloons in 2021 and beyond.

Gastric Balloons Dynamics

The gastric balloons market is driven by the increasing prevalence of obesity worldwide. According to the World Health Organization, obesity rates have tripled since 1975, with nearly 2 billion adults being overweight. Gastric balloons offer a non-surgical option for weight loss and have become increasingly popular among individuals looking to manage their weight effectively.

Additionally, advancements in balloon technology, such as the development of adjustable and swallowable balloons, have expanded the market potential for gastric balloons. The growing emphasis on patient comfort, safety, and effectiveness in weight loss procedures is further propelling the adoption of gastric balloons.

Segments and Related Analysis

Types of Gastric Balloons

1. Single Intragastric Balloons

2. Dual Intragastric Balloons

3. Swallowable Intragastric Balloons

End-users of Gastric Balloons

1. Hospitals

2. Ambulatory Surgical Centers

3. Specialty Clinics

By Region Analysis

North America

North America dominated the gastric balloons market in 2021, attributed to the high prevalence of obesity in the region and the adoption of advanced medical technologies. The presence of key market players and favorable reimbursement policies further contribute to the growth of the market in North America.

Europe

Europe is one of the largest markets for gastric balloons, with countries like Germany, France, and the UK leading the adoption of weight loss procedures. The increasing awareness about the health risks associated with obesity and the availability of skilled healthcare professionals drive the market growth in Europe.

Asia Pacific

The Asia Pacific region is witnessing significant growth in the gastric balloons market due to the rising disposable income, changing lifestyle habits, and increasing focus on preventive healthcare measures. Countries like China, Japan, and India are emerging as key markets for gastric balloons in the region.

Key Market Players and Competitive Landscape

1. ReShape Lifesciences

2. Allurion Technologies

3. Medtronic

4. Apollo Endosurgery

5. Obalon Therapeutics

Recent Happenings in the Gastric Balloons Market

- In 2021, ReShape Lifesciences launched a new adjustable balloon system for weight loss management.

- Allurion Technologies introduced a swallowable gastric balloon with an external sensor for real-time monitoring of weight loss progress.

- Medtronic received FDA approval for its intragastric balloon system for the treatment of obesity.

- Apollo Endosurgery announced a partnership with a leading healthcare provider to offer gastric balloons as part of a comprehensive weight loss program.

- Obalon Therapeutics expanded its distribution network to reach more patients seeking non-surgical weight loss solutions.

Frequently Asked Questions (FAQ):