Intragastric Balloons Market Report 2024 (Global Edition)

Global Intragastric Balloons Market Report 2024 Market Size Split by Product (Single, Double, Triple), by Filling Material (Saline Filling, Gas Filling), by Implanting Procedure (Surgical, Non surgica...

Intragastric Balloons Market Report Description

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Intragastric Balloons Market Insights Video

Competitive Landscape of the Intragastric Balloons Market

The competitive landscape of the Intragastric Balloons Market is characterized by a range of players competing to gain market share through product innovation, financial statements, strategic partnerships, and aggressive marketing efforts. Key players in the market include established business expansions, specialized intragstric balloons companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

September 2022: India saw the introduction of Allurion Technologies' weight loss treatment, a swallowable gastric balloon, by the American medical device maker. The product promises to lose weight in 16 weeks, on average, by 10-15%. (Source: https://economictimes.indiatimes.com/industry/healthcare/biotech/us-based-allurion-technologies-launches-its-weight-loss-gastric-balloon-in-india/articleshow/94055568.cms?from=mdr) November 2022: Boston Scientific Corporation revealed that it has finalized a deal to buy Apollo Endosurgery, Inc. for $10 per share in cash, which equates to a $615 million enterprise value. (Source: https://news.bostonscientific.com/2022-11-29-Boston-Scientific-Announces-Agreement-to-Acquire-Apollo-Endosurgery,-Inc#:~:text=MARLBOROUGH%2C%20Mass.%2C%20Nov.,value%20of%20approximately%20%24615%20million.)

Top Companies Market Share in Intragastric Balloons Industry: (In no particular order of Rank)

• Apollo Endosurgery
• Inc.
• Obalon Therapeutics
• Inc.
• Allurion Technologies
• Inc.
• Spatz3
• Helioscopie
• Endalis
• MEDSIL
• ReShape Medical
• Inc.
• Lexel Medical
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Intragastric Balloons Market

Which Region Dominates the Intragastric Balloons Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's high rate of obesity, the accessibility of qualified experts, and the widespread use of weight-loss therapies. Technological developments and the increasing popularity of minimally invasive weight loss remedies also play a significant role in market dynamics.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Intragastric Balloons Market due to the region's the rise in the number of obese people, the rise in unhealthy lifestyles, and the accessibility of treatment at a reasonable cost. Additionally, the growing incidence of obesity and the rising standard of living contribute to market expansion. These factors underscore a robust outlook for the industry in the region.

The current report Scope analyzes Intragastric Balloons Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Intragastric Balloons Market

According to Cognitive Market Research, the global Intragastric Balloons Market size was estimated at USD 33.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 13.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Intragastric Balloons Market with a market size of USD 10.60 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. The nation's advancements in medical technology.
• The Canada Intragastric Balloons Market had a market share of USD 1.61 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Canada’s well-established healthcare system and high obesity incidence.
• The Mexico Intragastric Balloons Market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 1.22 million in 2024.

Europe Intragastric Balloons Market

According to Cognitive Market Research, the global Intragastric Balloons Market size was estimated at USD 33.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 10.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The United Kingdom Intragastric Balloons Market had a market share of USD 1.69 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. In the UK, intragastric balloons sales witness an upswing due to the nation's rising demand for medical technology.
• The France Intragastric Balloons Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 0.93 million in 2024.
• According to Cognitive Market Research, the German Intragastric Balloons Market size was valued at USD 2.00 million in 2024 and is projected to grow at a CAGR of 12.9% during the forecast period. In Germany, intragastric baloons surged due to the presence of major market players.
• The Italy Intragastric Balloons Market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 0.87 million in 2024.
• The Russia Intragastric Balloons Market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 1.56 million in 2024.
• The Spain Intragastric Balloons Market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD 0.83 million in 2024
• The Luxembourg Intragastric Balloons Market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 0.31 million in 2024.
• The Portugal Intragastric Balloons Market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 0.21 million in 2024.
• The Greece Intragastric Balloons Market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 0.12 million in 2024.
• Rest of Europe's Intragastric Balloons Market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 1.56 million in 2024.

Asia Pacific Intragastric Balloons Market

According to Cognitive Market Research, the global Intragastric Balloons Market size was estimated at USD 33.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Intragastric Balloons Market size was valued at USD 3.48 million in 2024 and is projected to grow at a CAGR of 15.7% during the forecast period. Intragastric balloons surged in China due to the changing dietary preferences, urbanization, and lifestyle modifications.
• The Japan Intragastric Balloons Market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 1.07 million in 2024.
• The India Intragastric Balloons Market had a market share of USD 0.93 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. India's healthcare initiatives taken by the government.
• The South Korean Intragastric Balloons Market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 0.77 million in 2024.
• The Australian Intragastric Balloons Market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 0.40 million in 2024.
• The South East Asia Intragastric Balloons Market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 0.53million in 2024.
• The Rest of Asia Pacific Intragastric Balloons Market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 0.55 million in 2024.

South America Intragastric Balloons Market

According to Cognitive Market Research, the global Intragastric Balloons Market size was estimated at USD 33.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 1.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Intragastric Balloons Market size was valued at USD 0.72 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. Intragastric balloons flourished in Brazil due to the increasing expenditure on healthcare globally.
• Argentina's Intragastric Balloons Market had a market share of USD 0.28 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Argentina's technological advancements in medical treatments augment the demand.
• Colombia Intragastric Balloons Market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 0.15 million in 2024.
• Peru Intragastric Balloons Market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 0.14 million in 2024.
• Chile Intragastric Balloons Market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 0.12 million in 2024.
• The Rest of Latin America's Intragastric Balloons Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 0.27 million in 2024.

Middle East and Africa Intragastric Balloons Market

According to Cognitive Market Research, the global Intragastric Balloons Market size was estimated at USD 33.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 0.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031..

• The GCC Countries Intragastric Balloons Market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 0.29 million in 2024. Intragastric balloons sales flourish due to the presence of major market players.
• The Egypt Intragastric Balloons Market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 0.07 million in 2024.
• The South Africa Intragastric Balloons Market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 0.11 million in 2024. Intragastric balloons sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey Intragastric Balloons Market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 0.06 million in 2024.
• The Nigeria Intragastric Balloons Market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 0.07 million in 2024.
• The Rest of MEA Intragastric Balloons Market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 0.08 million in 2024.

Intragastric Balloons Market Analysis

Intragastric Balloons Market Product Type Segment Analysis

According to Cognitive Market Research, single segment stands out as the dominant category over the projected period due to these products widespread availability on the market. These devices are used to treat obesity. This helps create a feeling of fullness, which reduces food intake and encourages weight loss. Advanced technologies continue to drive the sector's evolution and product diversity.

Triple segment emerges as the fastest-growing category in the Intragastric Balloons Market. Triple-intragastric balloons offer enhanced performance but with increased sensitivity. Persistent research and development endeavors may yield technological innovations for balloons, potentially broadening the assortment of merchandise offered in the triple balloon type section of the intragastric balloon market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Intragastric Balloons Industry. Request a Free Sample PDF!

Intragastric Balloons Market Filling material Segment Analysis

According to Cognitive Market Research, the dominant category is saline-filled due to widespread availability of the product and the notable weight loss these devices achieved. Furthermore, to fulfill the increasing need for these items, players are applying for approval and introducing new products in other nations. Thus, the expansion of the segment is being driven by all of the causes mentioned.

The fastest-growing category in the Intragastric Balloons Market is gas filled because it has fewer negative effects than saline-filled balloons. Further boosting the growth of this industry, businesses are spending a lot of money developing less hazardous gas-filled balloons.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Intragastric Balloons Implanting Procedure Segment Analysis

Intragastric Balloons Market Implanting procedure Segment Analysis

According to Cognitive Market Research, the dominant category is surgical due to the increased demand for weight loss surgery. Newer endoscopic methods are as effective in replicating the few anatomical changes made during weight loss surgery. Furthermore, in comparison to bariatric surgery, endoscopic technologies are less intrusive and more economical. It is projected that these elements will aid in the growth of the segment.

The fastest-growing category in the Intragastric Balloons Market is non-surgical due to technological advancements and performance improvements in patients. The technique's non-surgical aspect, reversible nature, and the accessibility of swallowable capsules that facilitate the intragastric balloon's easy ingestion and excretion are all responsible for this.

• Surgical
• Non surgical

Intragastric Balloons Application Segment Analysis

Intragastric Balloons Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is obesity due to the genetic predisposition, inactivity, and excessive food consumption. It is a medical condition that can lead to a number of other conditions. A small percentage of instances are brought on by genetics, endocrine problems, drugs, or psychological issues.

The fastest-growing category in the Intragastric Balloons Market is diabetes due to rising obesity cases and an cardiovascular attacks coupled with advancements in ballon design technology, which bolsters its commercial usage. Enhanced safety standards and environmental regulations also impact market dynamics, favoring cleaner, more efficient formulations.

• Obesity
• Diabetes
• Diet Control
• Weight-Loss
• Pre-Operative Weight Reduction
• Others

Intragastric Balloons End-User Segment Analysis

Intragastric Balloons Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is Hospitals due to the availability of numerous hospital-stay-dependent weight-loss treatment choices. This is explained by the fact that hospitals are equipped with advanced medical technology and personnel and market expansion.

The fastest-growing category in the Intragastric Balloons Market is Ambulatory surgical centers due to rising hospitalization expenses and an increase in demand for minimally invasive procedures and treatment choices, coupled with advancements in ballon design technology, which bolsters its commercial usage. Enhanced safety standards and environmental regulations also impact market dynamics, favoring cleaner, more efficient formulations.

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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