The intragastric balloon is a medical device inserted into the stomach to help with weight loss. They help create a feeling of fullness, allowing people to eat less and lose weight. The balloon is placed endoscopically into the stomach and filled with saline solution. They typically stay in place for 6 months to help people transition to a healthier lifestyle.

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:
The rising obese population worldwide has been a key driver for the growth of the intragastric balloon market. Obesity rates have doubled globally since 1980, with over 650 million adults now considered obese. This has increased demand for non-surgical weight loss procedures like intragastric balloons. Additionally, intragastric balloons provide an affordable and less invasive alternative to bariatric surgery. They allow patients to lose up to 15% of their total body weight in 6 months which motivates many to adopt healthier habits long term. While bariatric surgery is more effective, it also has higher risks. This makes balloons an attractive first-line option for weight loss.

SWOT Analysis
Strength:
- The intragastric balloon is a non-invasive procedure and offers short recovery time compared to bariatric surgery. It helps in weight loss without any cuts or scars.
- Clinical trials have demonstrated the safety and efficacy of intragastric balloons for short term weight loss. Intragastric balloons have been shown to help patients lose 15% of their total body weight on an average after 6 months of treatment.
- Various types of intragastric balloons are available which can be selected based on the patient's physiology, thus offering customization in treatment.

Weakness:
- Intragastric balloons are meant for short term use of 6 months and weight regain is common after balloon removal if long term lifestyle changes are not adopted.
- The procedure involves risks such as balloon deflation or migration, though rare. It also causes side effects like nausea, vomiting, epigastric pain and acid reflux during the treatment period.

Opportunity:
- Rising obesity rates globally due to sedentary lifestyle and consumption of junk food have increased the risk of various cardiovascular and metabolic diseases. This growing disease burden related to obesity offers potential opportunities for the intragastric balloon market.
- Technological advancements are leading to the development of balloon devices with additional features like pH monitoring and ability to aspirate gastric juices, thus improving safety, efficacy and patient compliance.

Threats:
- Strict regulatory approval process and safety standards delay the time to market for new intragastric balloons.
- Presence of alternative bariatric procedures and medicines for weight loss pose competition to intragastric balloons.

Key Takeaways
The Global Intragastric Balloon Market Demand is expected to witness high growth over the forecast period.

North America currently dominates the market owing to growing obesity prevalence, favorable reimbursement coverage and widespread awareness about obesity management options. However, Asia Pacific is expected emerge as the fastest growing region in the intragastric balloon market. Factors such as rising healthcare expenditure, large patient population and increasing adoption of invasive and non-invasive weight loss therapies are contributing to the growth of intragastric balloons in Asia Pacific countries.

Key players operating in the intragastric balloon market are Obalon Therapeutics, Apollo Endosurgery, Helioscopie, Spatz FGIA, and ENDO-Flex. Obalon Therapeutics offers the Obalon balloon system which allows weight loss through swallowable gastric balloons placed in the stomach. Apollo Endosurgery provides the ORBERA intragastric balloon for weight reduction

For more details on the report, Read- https://www.trendingwebwire.com/intragastric-balloon-market-growth-demand-and-overview/

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