The Gastric Balloon Market was valued at US$ 67.3 million in 2018 and it is projected to reach US$ 152.1 million by 2027; it is expected to grow at a CAGR of 9% from 2021 to 2027.
Gastric balloons have recently been favored for weight loss. Unlike other procedures for weight loss, gastric ballooning is a non-invasive way to manage weight loss. The gastric balloon is the least inflated form, inserted through the mouth and pushed down the esophagus. When the balloon reaches the stomach, it is filled with saline or gas using a tube and removed when the balloon is placed. This balloon is inserted into the stomach for about 6 months to achieve adequate weight loss. Gastric Balloon’s growth in the medical market is attributed to the growing preference for minimally invasive methods for weight loss, which is a major driver of market growth during the forecast period. However, the growth of the market is limited due to the lack of compensation for side effects and complications caused by the use of gastric balloons and side effects.
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Market Segments
By Product
- Single Gastric Balloons
- Dual Gastric Balloons
- Triple Gastric Balloons
By Filling Material
- Saline Filled
- Gas Filled
By End-User
- Bariatric Surgeons
- Gastrointestinal Endoscopists
- Nutritionists & Aesthetic Practitioners
- Other End Users
Key Players
Some of the companies which are currently dominating the market are Obalon Therapeutics, Allurion Technologies, Apollo Endosurgery, Districlass Medical, Helioscopie Medical Implants, Silimed, Lexel, Medsil, ReShape Medical, Spatz.
Scope of the Report
The research study analyzes the global Gastric Balloon industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Gastric Balloon Market Report
1. What was the Gastric Balloon Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Gastric Balloon Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Gastric Balloon Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Gastric Balloon market.
- The market share of the global Gastric Balloon market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Gastric Balloon market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Gastric Balloon market.
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