Intragastric Balloon Market Growth 2023- Industry Share, Emerging Trends, COVID-19 Impact Analysis, Competition, Business Challenges, and Future Opportunities 2033: SPER Market Research

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A new weight management technique called gastric balloon surgery aims to reduce food intake at each meal and prolong feelings of fullness after consuming small meals. Without requiring invasive surgery, this type of weight loss therapy, also known as the intragastric balloon, can help with weight loss. During this treatment, a silicone balloon that is filled with gas or saline is implanted. This helps the patient lose weight by regulating their meal intake.

According to SPER market research, Intragastric Balloon Market Size– By Type, By Administration, By Filling Material, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Intragastric Balloon Market is predicted to reach USD 0.38 billion by 2033 with a CAGR of 17.31%.

The market is experiencing growth primarily due to the rising prevalence of obesity worldwide. Sedentary lifestyles and unhealthy dietary habits have led to a significant portion of the global population facing weight-related health issues, driving the demand for medically approved weight-loss methods like intragastric balloons. Additionally, the market is benefiting from the increasing preference for minimally invasive procedures as these balloons offer a non-surgical, orally inserted approach without incisions. Technological advancements and product innovations, aimed at reducing side-effects and providing adjustable gas/saline volumes, are contributing to market optimism. Factors such as growing health awareness and extensive research and development efforts are expected to further propel market expansion.

On the other hand, the intragastric balloon market faces a number of obstacles, including limited long-term effectiveness, possible risks and side effects, problems with cost and reimbursement, and competition from surgical alternatives. Businesses will need to carefully handle these uncertainties if they hope to achieve continuous growth and take advantage of the industry’s prospects. Achieving sustained success in the intragastric balloon industry would require striking an appropriate balance between tackling obstacles and capitalising on favourable circumstances.

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Impact of COVID-19 on Global Intragastric Balloon Market

Furthermore, significant effects of the COVID-19 pandemic have been seen in the intragastric balloon industry worldwide. The pandemic had an impact on non-essential medical procedures, healthcare systems, and elective surgery. Consequently, during the course of the outbreak, fewer intragastric balloon procedures were performed. Logistical problems and supply chain delays also affected the manufacture and delivery of intragastric balloons. However, when things start to improve, the market is expected to rebound, driven by a renewed focus on weight control and the resumption of elective surgery. The effectiveness of containment measures, vaccination rates, and the recovery of the global healthcare system will all have an impact in the long run.

Intragastric Balloon Market Key Players:

Geographically, because of the rising number of obese people and the widespread use of weight loss medications, North America currently leads the global intragastric balloon industry. Due to rising obesity rates, a rise in unhealthy lifestyles, and easier access to reasonably priced treatment, Asia-Pacific is predicted to develop at the fastest rate during the projected period. Additionally, some of the market key players are Allurion Technologies, Inc., Apollo Endosurgery, Inc., MEDSIL, Obalon Therapeutics, Inc., ReShape Medical, Inc., Spatz3, others.

Global Intragastric Balloon Market Segmentation:

By Type: Based on the Type, Global Intragastric Balloon Market is segmented as; Dual Intragastric Balloons, Single Intragastric Balloons, Triple Intragastric Balloons.

By Administration: Based on the Administration, Global Intragastric Balloon Market is segmented as; Endoscopy, Pill Form.

By Filling Material: Based on the Filling Material, Global Intragastric Balloon Market is segmented as; Gas Filled, Saline Filled.

By End User: Based on the End User, Global Intragastric Balloon Market is segmented as; Ambulatory surgical centers, Clinics, Hospitals.

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Intragastric Balloon Market Forecast Analysis

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