Title: Global Intragastric Balloons Market to reach $270mn by 2024
1Intragastric Balloon Market to witness healthy
growth of 9.5 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Intragastric Balloon Market
- Intragastric Balloons Market size is expected to
exceed USD 270 million by 2024 as per a new
research report by Global Market Insights. - Strong obesity and associated disease prevalence
will drive the industry, increasing healthcare
expenditure and improved awareness regarding
early diagnosis of obesity will fuel business
growth. Growing acceptance of minimally invasive
techniques should also fuel intragastric balloons
market growth. Positive regulatory approval rates
of these systems have evolved an effective
non-surgical treatment option for obesity and
other weight related disorders. - Extensive use of intragastric balloons owing to
cost advantage and presence of large number of
industry players offering low priced products
should stimulate business demand. The low cost of
intragastric balloons compared with other
invasive surgical procedures should drive
industry growth.
3Continued...
- Technological innovation coupled with reduced
costs associated with treatment, short hospital
stay and reduced recovery time will boost
intragastric balloons market growth. Some of the
factors such as erosion, damage to the esophagus,
persistent nausea and vomiting and bacterial
growth within the balloon may hamper demand in
the coming years. - The 2015 single intragastric balloons market
share, was over 50 of global revenue, with more
than 8 CAGR predicted, due to growing awareness
coupled with increasing acceptance of
non-invasive procedures. Saline filled balloons
are set to witness over 9 CAGR, the ability to
reduce weight and easy detection of deflation due
to methylene blue should stimulate business
growth.
4UK Intragastric Balloon Market Size, By Product,
2012-2024 (USD Million)
5 Browse Full Market Research Report On
Intragastric Balloon Market _at_ http//bit.ly/2mmoR1
1 Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
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6Continued...
- The 2015 global industry demand in hospitals was
valued at over USD 45 million. Availability of
highly skilled professionals, increased
preference towards hospitals and high funding
opportunities will accelerate industry growth.
Some of the prominent industry participants are
Apollo Endosurgery, Allurion technologies,
ReShape Medical, Obalon therapeutics, Helioscopie
Medical Implants, Spatz FGIA. - U.S. intragastric balloons market share will be
driven by the favorable government initiatives
and improved awareness levels. Obesity continues
to be a growing epidemic increasing the risk of
premature death from stroke, gall bladder,
type-II diabetes and some cancers. - France is expected to grow over 10 CAGR during
the forecast period. Rising obesity prevalence,
growing demand for weight reduction procedures
and unhealthy dietary habits will escalate growth.
7Continued...
- 2015 China intragastric balloons market size was
over USD 4 million. Rising prevalence of obesity,
improved healthcare infrastructure and growing
awareness regarding early diagnosis of obesity
should stimulate revenue growth. India should
witness more than 10 gains owing to flourishing
medical tourism industry and improvement in
healthcare amenities to provide quality and cost
effective obesity treatment. - Major industry players are consolidating their
strategic position by increasing focus strategic
alliances, mergers and acquisitions to widen
their product portfolio and global presence.
Companies are enormously investing on marketing
activities including residential awareness
programs and digital marketing to expand reach.
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