LONDON--(BUSINESS WIRE)--Technavio has been monitoring the intragastric balloons market and it is poised to grow by USD 144.87 million during 2020-2024, progressing at a CAGR of over 23% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- What was the value of the intragastric balloons market in 2019?
- Technavio says that the value of the market was USD 77.58 million in 2019 and it is projected to reach USD 222.45 million by 2024.
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 23%, the market growth will accelerate in the forecast period of 2020-2024.
- What is the key factor driving the market?
- Increasing prevalence of obesity and the cost-effectiveness and safety of intragastric balloon are the key factors driving the market growth.
- Who are the top players in the market?
- Allurion Technologies Inc., Apollo Endosurgery Inc., Districlass Medical SA, Duomed Group, Endalis, Fengh Medical Co. Ltd., Lexel Srl, Obalon Therapeutics Inc., Silimed, and Spatz FGIA Inc. are some of the major market participants.
- Which region is expected to hold the highest market share?
- North America
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Allurion Technologies Inc., Apollo Endosurgery Inc., Districlass Medical SA, Duomed Group, Endalis, Fengh Medical Co. Ltd., Lexel Srl, Obalon Therapeutics Inc., Silimed, and Spatz FGIA Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increasing prevalence of obesity has been instrumental in driving the growth of the market.
Intragastric Balloons Market 2020-2024: Segmentation
Intragastric Balloons Market is segmented as below:
-
Product
- Insertable Balloons
- Swallowable Balloons
-
Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
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Intragastric Balloons Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our intragastric balloons market report covers the following areas:
- Intragastric Balloons Market size
- Intragastric Balloons Market trends
- Intragastric Balloons Market analysis
This study identifies the cost-effectiveness and safety of intragastric balloons as one of the prime reasons driving the intragastric balloons market growth during the next few years.
Intragastric Balloons Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the intragastric balloons market, including some of the vendors such as Allurion Technologies Inc., Apollo Endosurgery Inc., Districlass Medical SA, Duomed Group, Endalis, Fengh Medical Co. Ltd., Lexel Srl, Obalon Therapeutics Inc., Silimed, and Spatz FGIA Inc. Backed with competitive intelligence and benchmarking, our research reports on the intragastric balloons market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Intragastric Balloons Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist intragastric balloons market growth during the next five years
- Estimation of the intragastric balloons market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the intragastric balloons market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of intragastric balloons market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Insertable balloons - Market size and forecast 2019-2024
- Swallowable balloons - Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Allurion Technologies Inc.
- Apollo Endosurgery Inc.
- Districlass Medical SA
- Duomed Group
- Endalis
- Fengh Medical Co. Ltd.
- Lexel Srl
- Obalon Therapeutics Inc.
- Silimed
- Spatz FGIA Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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