Intragastric balloons are non-surgical and temporary devices inserted endoscopically into the stomach to help reduce appetite and facilitate weight loss. They work to make the patient feel full sooner and for a longer period of time after eating small meals. The balloons, typically made from a biocompatible soft silicone material filled with saline, occupy space in the stomach thereby physically limiting food intake and triggering a physiological satiety mechanism. Intragastric balloons allow weight loss by adjusting eating habits and fullness sensations in combination with low-calorie meals, while avoiding the risks associated with bariatric surgery. The global intragastric balloon market is estimated to be valued at US$ 429.24 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers expected to boost the intragastric balloon market growth over the forecast period is the increasing prevalence of obesity. Increasing sedentary lifestyle, excessive caloric intake as well as genetic factors are major contributors to the global rise in obesity. According to the WHO, worldwide obesity nearly tripled between 1975 and 2016. In 2016, more than 1.9 billion adults were overweight of which over 650 million were obese. Obesity increases the risk of various chronic diseases including cardiovascular diseases, diabetes, musculoskeletal disorders and some cancers. This rising disease burden of obesity has created demand for minimally invasive weight loss procedures like intragastric balloons, thus propelling market expansion. Additionally, intragastric balloons also offer advantages over other bariatric surgical procedures like laparoscopic gastric bypass, adjustable gastric banding and sleeve gastrectomy in terms of shorter hospital stay, quicker recovery time and cost-effectiveness, further fueling their adoption.
Segment Analysis
The global Intragastric Balloon market is dominated by the single-balloons sub-segment, which accounts for over 80% market share. Single-balloon systems are preferred over dual-balloon and triple-balloon systems due to their ease of insertion and removal. The dual and triple balloon systems require complex techniques for placement inside the stomach along with coordination among medical professionals.
PEST Analysis
Political: The Intragastric Balloon market is moderately regulated by government policies and regulatory bodies to ensure product safety and effectiveness. Stringent approval procedures are in place for new market entrants.
Economic: Rising obesity rates globally have increased the potential patient pool, driving market revenues. However, the high costs of devices and procedures limit broader adoption.
Social: Growing social acceptance of obesity treatment methods and awareness about health impacts of excess weight have positively impacted the market. However, some social stigma still exists around weight-loss procedures.
Technological: Advancements in balloon design, materials and instrumentation have improved safety, comfort and outcomes. Smart balloon systems with sensors and mobile app connectivity are gaining interest.
Key Takeaways
The Global Intragastric Balloon Market Demand size was valued at US$ 429.24 Mn in 2024 and is anticipated to reach over US$ 916 Mn by 2031, expanding at a CAGR of 11%.
Regional analysis: North America dominates currently due to advanced healthcare infrastructure and higher obesity rates. Asia Pacific is expected to witness fastest growth supported by expanding medical tourism and increasing obesity in countries like China and India.
Key players: Key players operating in the Intragastric Balloon market include Gogo Inc., EchoStar Corporation, Global Eagle Entertainment Inc., Kymeta Corporation, ViaSat Inc., Thinkom Solutions Inc., Thales Group, Honeywell International Inc., SITA, and Panasonic Corporation. These established manufacturers are focusing on advanced technologies and regional expansion to strengthen their market positions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it