Intragastric Balloon Market Size, Share, Industry Trends and Forecast to 2030

Intragastric Balloon Market Size & CAGR in 2021

The global intragastric balloon market is projected to reach a market size of USD 400 million in 2021 with a Compound Annual Growth Rate (CAGR) of 14%.

COVID-19 Impact on the Intragastric Balloon Market

The COVID-19 pandemic has had a mixed impact on the intragastric balloon market. On one hand, the postponement of elective procedures during the lockdowns resulted in a temporary dip in the market size. On the other hand, the increased focus on healthy living and weight management due to the pandemic led to a surge in demand for intragastric balloons post-lockdown.

Intragastric Balloon Dynamics

The intragastric balloon market is driven by factors such as the rising prevalence of obesity, increasing awareness about weight management, and technological advancements in intragastric balloon devices. However, factors such as the high cost of treatment, limited reimbursement options, and potential side effects of intragastric balloons are hindering market growth.

Segments and Related Analysis

The intragastric balloon market can be segmented based on type, filling material, end-user, and region. The market is dominated by liquid-filled intragastric balloons due to their effectiveness and safety profile. Hospitals and clinics are the major end-users of intragastric balloons, accounting for the largest market share.

By Region Analysis

The North American region holds the largest market share in the global intragastric balloon market, driven by the high prevalence of obesity and the presence of key market players in the region. Europe and Asia-Pacific are also significant markets for intragastric balloons, with a growing demand for minimally invasive weight loss procedures.

Key Market Players and Competitive Landscape

Some of the key players in the intragastric balloon market include Apollo Endosurgery, Allurion Technologies, ReShape Lifesciences, Spatz Medical, and Orbera. These companies are focusing on product innovation, partnerships, and mergers to strengthen their market presence and gain a competitive edge.

Recent Happenings in the Intragastric Balloon Market

In recent years, there have been significant developments in the intragastric balloon market, such as the launch of new and improved intragastric balloon devices, FDA approvals for innovative technologies, and strategic collaborations between key market players. These developments have contributed to the growth and evolution of the intragastric balloon market.