INTRAGASTRIC BALLOON MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Intragastric Balloon Market, By Product Type (Single Balloon, Dual Balloon, Triple Balloon, and Others), By Filling Material (Saline Filled and Gas Filled), By End User (Hospitals, Ambulatory Surgical Centers, and Clinics), By Distribution Channel (Online Pharmacies, Retail Pharmacies, and Hospital Pharmacies), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
North America is the largest market for intragastric balloon, accounting for over 50% of the global market share in 2022. This is due to the high prevalence of obesity in the region, as well as the increasing awareness of and demand for minimally invasive weight loss procedures. For instance, according to Centers for Disease Control and Prevention, the U.S. obesity prevalence increased from 30.5% to 41.9% from 1999 to 2020. During the same time, the prevalence of severe obesity increased from 4.7% to 9.2%.
Europe is the second-largest market for intragastric balloon, with a market share of over 30%. The market in Europe is expected to grow significantly in the coming years, driven by the rising prevalence of obesity and the increasing availability of intragastric balloon procedures.
Asia Pacific is the third-largest market for intragastric balloon, with a market share of over 15%. The market in Asia Pacific is expected to witness the fastest growth in the coming years, driven by the rising prevalence of obesity and the increasing disposable income in the region.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East