Intragastric Balloons Market Likely to Reach USD 160.7 billion by 2031, registering a CAGR of 12.2%: TMR Report

The intragastric balloons market has gained traction as a non-surgical solution for managing obesity, one of the leading health concerns globally. These balloons, temporarily placed in the stomach to reduce food intake, have emerged as a less invasive alternative to bariatric surgeries. The rising prevalence of obesity, combined with increasing awareness about minimally invasive weight-loss procedures, is driving the growth of the market.

Intragastric Balloons market is projected to achieve a valuation of US$ 160.7 billion by the end of the forecast period spanning 2023 to 2031. Furthermore, the report indicates that the market is expected to grow at a CAGR of 12.2% during the forecast period from 2023 to 2031.

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Rising demand for non-surgical, minimally invasive weight-loss solutions.

Technological advancements in balloon design and materials.

The market is anticipated to grow at a robust CAGR, with North America and Europe leading in revenue generation, followed by emerging markets in Asia-Pacific.

Market Segmentation

Duration

<6 Months

6 Months

>6 Months

Type

• Fluid-filled Balloons
• Gas-filled Balloons
• Administration
• Endoscopy
• Swallowable

End-user

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Market Drivers and Challenges

Drivers:

Rising Obesity Rates: The increasing global burden of obesity is a major driver for the adoption of intragastric balloons.

Shift Towards Non-Surgical Treatments: Preference for minimally invasive procedures with shorter recovery times is boosting demand.

Technological Advancements: Innovations such as adjustable balloons and biodegradable materials are enhancing product appeal.

Challenges:

• Complications and Side Effects: Risks such as nausea, vomiting, and balloon deflation may limit adoption.
• High Cost of Treatment: The procedure remains inaccessible to some patients due to its cost.
• Limited Awareness: Lack of awareness in developing regions is a hurdle to market penetration.

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Market Trends

• Integration with Digital Health Tools: The use of mobile apps to monitor patient progress post-procedure is becoming more common.
• Biodegradable Balloons: Development of balloons that dissolve naturally without the need for removal is gaining traction.
• Customization: Increasing demand for tailored solutions to meet individual patient needs.

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