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Intra-gastric Balloons Market

Market Insights on Intra-gastric Balloons covering sales outlook, demand forecast & up-to-date key trends

Intra-gastric Balloons Market - Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030

Intra-gastric Balloons Market Overview

Studies reveal that over 2 billion people are suffering from obesity and about 3 million people lose their lives each year due to obesity. Intra-gastric balloons have emerged as a boon for shedding weight and reducing obesity.

The healthcare sector is increasingly shifting towards non to minimally invasive procedures from surgical weight loss treatments, keeping patient convenience at top.

Faster approvals from regulatory bodies such as the US FDA and its associated treatment followed by the American Society for Metabolic and Bariatric Surgery are further standardizing the application of intra-gastric balloons.

Intra-gastric Balloons Market – Growth Trends

High adoption of minimally invasive surgeries by obese patients, owing to increased risks from invasive weight-loss treatments, is fueling the demand for intra-gastric balloons. Intra-gastric balloons are gaining a good reputation as they are cost-effective.

According to the American Society for metabolic and Bariatric Surgery (ASMBS), after receiving approval from the US FDS, more than 5000 implantation of intra-gastric balloon have been successfully processed.  

Involvement of robotics to help doctors for minimal invasive procedures is proving to be a perk in the healthcare sector. With the help of robots, pace of surgical operations has risen from 1.8% to 15%.

Moreover, the JAMA Network Open has discovered that colon operations conducted with help of robots were safer than open operations. Furthermore, market players are innovating intra-gastric balloons to further reduce the cost of expensive surgeries. 

Case in point, Allurion technologies has developed the world’s first swallowable non-invasive intra-gastric balloons.

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Intra-gastric Balloons Market – Growth Restraints

Several medical insurance companies do not involve endoscopic intra-gastric balloons in their reimbursement policies, restricting from undergoing this procedure. Side effects caused due to intra-gastric balloons such as gastric ulcers, erosions, and nausea are a major challenge for market players. Further, patients have to stick to strict diet rules while the balloon is in place.

Impact of COVID-19 on Intra-gastric Balloons Market

The COVID-19 pandemic is having an adverse impact on the intra-gastric balloons market. With governments across the world imposing nationwide lockdowns, several healthcare units have been shut down.

Gastroenterologists are kept away from frontline operations for COVID-19 treatment. Healthcare professionals, especially in Italy, are in process to carry out the removal of intra-gastric balloons which are in their maturity period, states the NCBI.

Healthcare professionals are taking utmost care for treatment at their personal clinics and are serving emergency patients to stop the spread of coronavirus. According to the British Journal of Surgery (BJS) Society, gastrointestinal surgeries have dropped by 90% during the pandemic.

Such notable decline in demand are hitting the profit margins of intra-gastric balloon manufacturers.

Sabyasachi Ghosh
Principal Consultant
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Intra-gastric Balloons Market – Regional Analysis

North America continues to remain in the vanguard of the intra-gastric balloons market, owing to rising cases of obesity and increasing adoption of bariatric procedures.

The region is tech center for healthcare center. Furthermore, rising investments in advanced healthcare in tandem with favorable reimbursement policies are creating conducive grounds for market players.

Asia Pacific (APAC) is projected to emerge as the most lucrative region in intra-gastric balloons market in coming years. Increasing government investments in healthcare sector in emerging countries such as India, and China are fueling market growth.
Additionally, rising trend of medical tourism and minimally non-invasive technologies in the region are attracting stakeholders.

Intra-gastric Balloons Market – Competitive Landscape

The intra-gastric balloons market is fairly consolidated and lead by few market players. These market players are continuously focusing upon product development. For instance,

  • Apollo Endosurgery Inc. has developed Orbera® IGB that helps in reducing total body weight loss (TBWL) - 13.16% - after 6 months.
  • Allurion has launched swallowabe Elipse balloon, which can be naturally excreted after four months   

Players in the intra-gastric balloons market include

  • Allurion Technologies
  • Apollo Endosurgery
  • Districlass Medical
  • Helioscopie Medical Implants
  • Silimed
  • Lexel
  • Medsil
  • Obalon Therapeutics
  • ReShape Medical
  • Spatz
  • Life Partners Europe
  • Tulip Medical.  
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  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Intra-gastric Balloons Market – Segmentation

Intra-gastric balloon market is segmented on the basis of the following,

By Product

  • Single Intra-gastric Balloons
  • Dual Intra-gastric Balloons
  • Triple Intra-gastric Balloons

By Filling Materials

  • Saline Filled Balloons
  • Gas Filled Balloons

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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Sabyasachi Ghosh
Principal Consultant
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Intra-gastric Balloons Market