Intragastric Balloon Market 2019 share research by applications and regions
Category: #health  By Partha Ray  Date: 2019-09-12
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Intragastric Balloon Market 2019 share research by applications and regions

Over the recent years, intragastric balloon market statistics have been depicting a substantial change, with the vertical occupying a major chunk of the ever-evolving healthcare industry. The modern day hectic lifestyle is causing a plethora of risk factors, with obesity as the prime concern in the checklist. The WHO claims that global obese population has doubled since 1980, primarily driven by U.S. and Sub-Saharan region.

There has always been a surge in demand for cost effective and safe weight reduction methods for the treatment of obesity. Intragastric balloons have proved to be an attractive intermediate alternative to address this need. Irrefutably, this has led to an incline in intragastric balloon market statistics.

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Enumerating the innovations that the beginning of Q2 2019 witnessed in intragastric balloon market

  • The contribution of renowned companies in augmenting intragastric balloon industry statistics is indeed appreciable. Citing an instance of the same, Spatz Medical recently declared the FDA trial results of Spatz3 – the company’s innovative adjustable gastric balloon. Apparently, the results claim that the Spatz3 balloon is much more effective than any other non-adjustable balloon available in the market so far.

Two major shortcomings encountered by traditional balloons, firstly, the fact that around 10% of patients require early extraction on account of depicting intolerance to the balloon, and secondly, the fact that conventional balloons lose their effectiveness by the fourth month after implantation, will be resolved with this balloon, claim experts. The Spatz3 represents the very first time in the medical history, where bariatric surgery results will be characterized by a safe, non-surgical, outpatient weight loss therapy.

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The results have sent the industry participants in a tizzy, and are claimed to provide a positive impetus to the R&D programs revolving around bringing forth better product innovations to augment intragastric balloon industry statistics.

  • Yet another major news that made it to the headlines was renowned intragastric balloon industry player, Obalon Therapeutics, Inc., recently declaring that the expanded clinical data from its commercial use study had been presented at the Annual Conference, DDW (Digestive Disease Week) 2019. Apparently, the results that were collated from more than 1,400 patients spanning 143 sites who were treated with the company’s non-surgical weight loss solution prove that the Obalon Balloon System is indeed one of safest and most effective of all intragastric balloons available in the mainstream.

The rising number of such R&D programs and the efforts undertaken by market participants to bring forth unique products to the masses will augment the intragastric balloon industry statistics over 2019-2025.

UK intragastric balloon industry statistics to depict a major change over 2019-2025

Regionally, the intragastric balloon has quite an enviable geographical landscape, with its prominence spread over countries such as the U.S., Canada, Brazil, UK, France, Australia, China, etc. The UK and China however, are anticipated to be among the top countries where the industry has established its position. Indeed, the Organization for Economic Co-operation and Development (OECD) affirm that over one in four adults in the UK are diagnosed with obesity on a yearly basis.

The high rate of prevalence has been attributed to the adoption of a sedentary lifestyle and improper meal consumption habits. As the occurrence rate of obesity continues to increase and the government expenditure on healthcare soars, UK intragastric balloon market is expected to depict a CAGR of 21.9% over 2019-2025.

The inclination toward enhancing the healthcare infrastructure in terms of cost, treatment methodologies, and technological developments will significantly fuel intragastric balloon industry size in the coming years. Taking into consideration the competitive outlook, the major intragastric balloon industry players are adopting mergers & acquisitions as the key strategy to accomplish global expansion and recognition. Allurion Technologies, Obalon Therapeutics Inc., ReShape Medical Inc., Silimed, Districlass Medical and Apollo Endosurgery Inc. are few of the notable participants of the intragastric balloon market.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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