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Dec 11

Global Intragastric Balloon Market Report 2020: Short Recovery Time has Resulted in the Rising Adoption of Intragastric Balloon Implantation -…

DUBLIN, Dec. 9, 2020 /PRNewswire/ -- The "Global Intragastric Balloon Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

The global intragastric balloon market is predicted to grow at a CAGR of 12.33% during the forecasting period 2019-2028.

Intragastric ballooning is a procedure that requires no stitches and incisions. The entire process of placement of the balloon takes nearly 20 minutes and the patient can be discharged within two hours after the insertion. The recovery time is also very short, which has resulted in the rising adoption of intragastric balloon implantation. It is estimated that one-third of the total population of the world has excess weight, due to rapid urbanization, unhealthy diets and less physical activity.

The government across the world is implementing several initiatives to reduce the obesity rate by making huge investments towards R&D. However, short-term effects associated with the instragastric ballooning is impeding the global market growth. Besides, it is not a permanent weight loss treatment, and hence, the patients are required to maintain a proper lifestyle for long-term weight loss. Stomach ulcers are also another side-effect of this procedure.

REGIONAL OUTLOOK

The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East and Africa.

The Asia-Pacific market is expected to display the fastest growth in the global intragastric balloon market over the forecasted period. Due to the rapid changes in the living pattern of people, unhealthy diets and sedentary lifestyles, there is a high prevalence of obesity in the region. The majority of the obese population is subsequently affected by diabetes, hypertension, stroke and heart diseases. Therefore, there is an increasing need for weight loss procedures like instragastric balloon implantation. These factors are anticipated to push the growth of the market in the Asia-Pacific region over the upcoming years.

COMPETITIVE OUTLOOK

The major companies in the intragastric balloon market are Endalis, Silimed (Sientra Inc), Apollo Endosurgery Inc, BAROnova, Allurion Technologies Inc, Aspire Bariatrics, Obalon Therapeutics, ReShape Lifesciences Inc, Spatz FGIA Inc, Allergan (AbbVie), Helioscopie, MedSil, Districlass Medical and Medtronic

Allergan (AbbVie) is a global company specialized in the development, manufacturing, and marketing of medical aesthetics, pharmaceutical products, biosimilars, and OTC (over-the-counter) pharmaceutical products.

Besides, it offers products for medical aesthetics & dermatology, eye care, women's health, gastroenterology and urology. The BIB/Orbera intragastric balloon is a device provided by the company that lets endoscopist to insert the balloon inside the stomach via the mouth or esophagus. Allergan is headquartered in Dublin, Ireland, and operates in the US, Europe, Asia, among other regions of the world.

Key Topics Covered:

1. Global Intragastric Balloon Market - Summary

2. Industry Outlook2.1. Market Definition2.2. Evolution and Transition of Intragastric Balloons2.3. Porter's Five Forces Model2.4. Covid-19 and Its Impact on Intragastric Balloon Market2.5. Industry Components2.6. Supply Chain Outlook2.7. Market Attractiveness Index2.8. Vendor Scorecard2.9. Key Insight2.10. Market Drivers2.10.1. Short Duration of Hospital Stay and Recovery Time2.10.2. Rising Obesity Worldwide2.11. Market Restraints2.11.1. Short-Term Effects Associated With Intragastric Ballooning2.11.2. Reimbursement Issue2.12. Market Opportunities2.12.1. Rise in the Government Initiatives Regarding Obesity2.12.2. Concerns Associated With Morbid Lifestyle2.13. Market Challenges2.13.1. Stringent Product Approval Procedure

3. Intragastric Balloon Market Outlook - by Component3.1. Single Balloon3.2. Dual Balloon3.3. Triple Balloon

4. Intragastric Balloon Market Outlook - by Filling Material4.1. Saline-Filled4.2. Gas-Filled

5. Intragastric Balloon Market Outlook - by Industry Verticals5.1. Clinics5.2. Hospitals5.3. Ambulatory Surgical Centers

6. Intragastric Balloon Market Outlook - by Region

7. Company Profile7.1. Allurion Technologies Inc7.2. Medsil7.3. Allergan Inc (Abbvie)7.4. Obalon Therapeutics Inc7.5. Apollo Endosurgery Inc7.6. Reshape Lifesciences7.7. Aspire Bariatrics Inc7.8. Baronova Inc7.9. Districlass Medical7.10. Endalis7.11. Medtronic plc7.12. Silimed Inc (Sientra)7.13. Helioscopie Sa7.14. Spatz Fgia

For more information about this report visit https://www.researchandmarkets.com/r/ysxmwt

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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SOURCE Research and Markets

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