Unveiling the Future | Gastric Space-Occupying Devices Reshaping the Medical Landscape

Obesity is the key driver of Demand for Stomach Space-Occupying Devices Market. Obesity is a worldwide public health issue. The obesity pandemic is expected to worsen during the forecast period, pushing increasing demand for Gastric Space-Occupying Devices Market.

According to the WHO, being overweight or obese kills over 2.8 million adults each year. Obesity and overweight are also linked to 23% of cases of heart disease, 44% of cases of diabetes, and 7% to 41% of certain cancer cases.

Furthermore, according to the World Obesity Federation and World Obesity Atlas (2022), by 2030, one in every seven males and one in every five females worldwide will be obese. The desire for innovative, minimally invasive treatments with a higher margin of safety and efficacy for conditioning weight reduction is driving market product innovation.

According to Future Market Insights’ most recent industry study, the global Gastric Space-Occupying Devices market is expected to be worth over US$ 224.6 million in 2022. Over the projection period, sales are expected to grow at a CAGR of 13.7%, with the market reaching US$ 810.8 million in 2032.

Gain valuable insights into the factors driving the demand for Gastric Space-Occupying Devices to US$ 810.8 million by 2032, Download Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-15189

Rising disposable wealth in developing countries, as well as increased government efforts to raise awareness among obese populations, are expected to drive sales. According to the American Heart Association, total healthcare spending will climb from $861 billion to $957 billion by 2030.

Because healthcare is so expensive, some governments have launched measures to eliminate obesity and its related comorbidities. The Centres for Disease Control and Prevention (CDC) awarded $8.5 million to 50 states and the District of Columbia in 2017 to improve methods for reducing obesity rates in the region with a high-obesity population.

“High preference for minimally invasive surgeries, along with increasing awareness regarding obesity-related disorders among youth is expected to fuel demand for Gastric Space-Occupying Devices over the forecast period,” says an FMI analyst.

Gastric Space-Occupying Devices Market Key Takeaways:

• During the evaluation period, gastric balloon sales are predicted to grow at a 13.6% CAGR.
• The global Gastric Space-Occupying Devices market by end user is led by hospitals, with demand predicted to grow at a 10.9% CAGR through 2032.
• The United States will account for 83.3% of the North American Gastric Space-Occupying Devices market in 2021.
• Through 2032, sales of gastric space-occupying devices in China are predicted to expand at a 14.4% CAGR.
• The United Kingdom will emerge as an appealing market, with demand rising at a CAGR of 12.5% over the forecast period.
• North America is recognised as the leading region, with a market share of 34.3% in 2021, owing to the region’s high prevalence of obesity.

Ask More About This Market’s Geographical Distribution Along With a Detailed Analysis of the Top Regions: https://www.futuremarketinsights.com/ask-question/rep-gb-15189

Gastric Space-Occupying Devices Market Competition Landscape

Leading players in the Gastric Space-Occupying Devices market are adopting various strategies such as product launches, mergers & acquisitions, partnerships, and agreements to strengthen their market presence as well as to expand their existing product portfolio. For instance:

• In August 2020, Obalon signed consulting agreement as part of a strategy to seek coverage and reimbursement for the Obalon balloon system.

Gastric Space-Occupying Devices Market Key Players:

• Apollo Endosurgery, Inc.
• Obalon Therapeutics, Inc.
• Allurion Technologies, Inc.
• Helioscopie
• Endalis
• MEDSIL
• ReShape Medical, Inc.
• Lexel Medical
• Scientific Intake

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Gastric Space-Occupying Devices market in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2022 to 2032.

The research study is based on the product – (gastric balloons and oral palatal space-occupying devices), by end-users (hospitals, speciality clinics, and ambulatory surgical centres), across seven key regions of the world.

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Key Market Segments Covered In Gastric Space-Occupying Devices Industry Research:

By Product:

• Gastric Balloons
• Oral Palatal Space Occupying Devices

By End-User:

• Hospitals
• Speciality Clinics
• Ambulatory Surgical Centers

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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