Market Definition
An intragastric balloon (IGB) is a device that is inserted into the stomach to promote weight loss. It is used in individuals who are obese and have not been successful in losing weight with diet and exercise.
The IGB is a silicone balloon that is filled with a saline solution. It is inserted through the mouth and inflated with a saline solution until it is the size of a grapefruit. This balloon takes up space in the stomach, making the person feel full sooner. It also reduces the amount of food that a person can eat at one time.
Market Dynamics
Intragastric balloon technology is a relatively new weight loss treatment option that involves placing a balloon inside the stomach and filling it with a saline solution. This balloon takes up space in the stomach, making the person feel full and reducing the amount of food they can eat. Intragastric balloons have been used as a weight loss treatment for over two decades, and recent advances in technology have made them a more viable option for people struggling with obesity.
The first key trend in intragastric balloon technology is the development of new balloon materials. Traditionally, intragastric balloons were made of silicone, but newer balloons are made of materials such as elastomeric polymers and polyurethane. These newer materials are more durable and can better withstand the acidic environment of the stomach. They also allow for more precise inflation and deflation of the balloon, which can help to improve the efficacy of the treatment.
Another key trend is the development of new balloon designs. Traditional intragastric balloons were spherical, but newer designs have incorporated features such as fins and ridges to help them stay in place and reduce the risk of migration. Additionally, the newer designs are more flexible, allowing them to conform to the stomach and reduce the risk of discomfort or obstruction.
A third key trend is the development of new balloon delivery systems. Intragastric balloons are usually inserted through the mouth using an endoscope, but newer systems have been developed to make the procedure easier and less invasive. For example, some systems use a catheter that can be inserted through the nose and guided into the stomach. This reduces the risk of complications and makes the procedure more comfortable for the patient.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The global Intragastric Balloon Market is segmented by type of intragastric balloon, fill material, end user, and region. By type of intragastric balloon, the market is divided into single intragastric balloons, dual intragastric balloons, and others. Based on fill material, it is bifurcated into saline-filled balloons, gas-filled balloons, and others. Based on end users, the market is classified into hospitals and clinics, ambulatory surgical centers, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Player
The global Intragastric Balloon Market report includes players like Allurion Technologies (USA), Apollo Endosurgery, Inc. (USA), ReShape Lifesciences Inc. (USA), Spatz FGIA, Inc. (USA), Obalon Therapeutics, Inc. (USA), Districlass Medical (France), Silimed (Brazil), Lexel SRL (Italy), Medsil (India), Helioscope (France)
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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