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Precision Business Insights
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Rajesh k
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Precision Business Insights, Kemp House, 152 – 160 City Road,
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Global Gastric Balloons System Market
Global Gastric Balloons System Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

BriefingWire.com, 10/06/2017 - According to WHO Global Health Observatory data, 2014 more than 1.9Bn people worldwide and nearly one-quarter of children, adolescents in developed countries are overweight or obese. At least 2.8Mn people each year die as result of overweight or obese and half of the world’s population may be subjected to obesity by 2030. Moreover, increase in the awareness about the consequences related to obesity and chances of getting the other chronic diseases, patients are preferring to lose weight. Apart from fore mentioned factors, advances in gastric balloon technology led to more safe and cost effective procedure over the surgical procedures. Along with this, short hospital stay, reducing recovery time, expected to prompt healthcare professionals to choose the gastric balloon systems over other bariatric procedures. However the adverse events associated with gastric balloon systems such as inflation of balloon, pain, swelling, vomiting, and chances of getting acute pancreatitis are becoming as restrains for gastric balloon system market.

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Gastric balloon system market is segmented based upon product, mode of administration, filling material and end user.

Based on product, gastric balloon system market is segmented into

Single Intra Gastric Balloon

Double Intra Gastric Balloon

Triple Intra Gastric Balloon

Based on filling material, gastric balloon system market is segmented into

Saline Filling

Gas Filling

Based on route of administration, gastric balloon system market is segmented into

Endoscopy

Swallowable

Based on end user, gastric balloon system market is segmented into

Hospitals

Bariatric Clinics

Ambulatory Surgical Centers

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Gastric balloon system is in growth phase, fluid filled gastric balloon products are having prevalent adverse events when compared to the gas filled products. In February 2017, U.S. FDA alerted healthcare providers stating about the high prevalence of adverse events with the usage of fluid filled gastric balloons. Due to the advancements in technology like development of swallowable capsules forms by Obalon technologies (obalon) and Allurion (elipse), and reducing the risks in using gastric balloon systems are increasing the acceptance of gastric balloon system products by patients. These factors are expected to bolster revenue growth of gastric balloon system market.

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Some of the players in global gastric balloon system market are Allurion Technologies (U.S.), Silimed inc. (Brazil), Obalon Therapeutics Inc. (U.S.), Districlass Medical (S.A.) (France), and ReShape Medical Inc. (U.S.) to name a few.

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