According to a new market research study titled 'Gastric Balloon Market to 2027 - Global Analysis and Forecasts by Product, Filling Material and End User. The global gastric balloon market is expected to reach US$ 152.1 Mn in 2027 from US$ 67.3 Mn in 2018. The market is estimated to grow with a CAGR of 9.7% from 2019-2027. The report highlights the trends prevalent in the global gastric balloon market and the factors driving the market along with those that act as deterrents to its growth.
Pune, India -- (SBWIRE) -- 03/08/2019 -- Global Gastric Balloon Market, based on product was segmented as, single gastric balloons, dual gastric balloons and triple gastric balloons. In 2018, the single gastric balloon held the largest share of the market, by product. Additionally, the segment is also expected to grow at the fastest CAGR during the forecast period owing to better benefits offered as compared to the dual and triple gastric balloon, also the implantation of a single balloon causes less discomfort, leading to its rising preference.
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The market for gastric balloon is expected to grow due to rising cases of obesity as well as increasing preference for minimally invasive surgical method. In addition, growth of the market in emerging nations is likely to have a positive impact on the growth of the market in the coming years.
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Top Dominating Key Players:
1. Allurion Technologies Inc.
2. Apollo Endosurgery, Inc.
3. ENDALIS
4. Helioscopie Medical Implants
5. LEXEL SRL
6. MEDSIL
7. Obalon Therapeutics, Inc.
8. ReShape Lifesciences, Inc.
9. Silimed
10. Spatz FGIA, Inc.
Approvals the are prominent parameters by industry players leading strategies undertaken by key market players. For instance, during December, 2018, Obalon received FDA approval of the Obalon Navigation System, which eliminates the need to use x-ray when placing the Obalon Balloon System. The Obalon Navigation System and Touch Inflation Dispenser are expected to be commercially available during the first quarter of 2019 in the United States.
Key Benefits-
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Gastric Balloon Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The Gastric Balloon Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
The report segments the global gastric balloon market as follows:
Global Gastric balloon Market - By Type
- Single Gastric Balloons
- Elipse Gastric Balloons
- Orbera Gastric Balloons
- Other Single Gastric Balloons
- Dual Gastric Balloons
- Triple Gastric Balloons
Global Gastric Balloon Market - By Filling Material
- Saline Filled
- Gas Filled
Global Gastric Balloon Market - By End User
- Bariatric Surgeons
- Gastrointestinal Endoscopists
- Nutritionists & Aesthetic Practitioners
- Other End Users
Browse market data tables and in-depth TOC of the Global Gastric Balloon Market (2018–2027)
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Gastric Balloon Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Gastric Balloon, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.