Global Intragastric Balloons Market 2018-2022 | 25% CAGR Projection Over the Next Four Years | Technavio
LONDON--(BUSINESS WIRE)--Sep 24, 2018--The global intragastric balloons market 2018-2022 is expected to post a CAGR of more than 25% during the forecast period, according to the latest market research report by .
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Technavio has published a new market research report on the global intragastric balloons market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is cost-effectiveness and safety of intragastric balloons. The intragastric balloon implantations procedures are safer and lower cost alternatives to bariatric surgery, which is an invasive weight loss procedure that poses various post-surgical complications. The cost of these procedures is also significantly higher than intragastric balloon plantation. Hence, there is an increasing popularity of non-surgical and less-invasive weight loss treatments such as intragastric balloon implantation.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the rising focus of vendors on technological advances as one of the key emerging trends in the global intragastric balloons market:
Global intragastric balloons market: Rising focus of vendors on technological advances
An intragastric balloon can be placed through a simple endoscopic method, and it is easily reversible. Advance in properties of the intragastric balloon and procedural techniques are influencing the vendors to develop innovative and cost-effective products.
“Various leading vendors are focusing on enhancing capabilities and efficiency of the intragastric balloon devices. Vendors are working on the adjustments of the balloon volume and longer implantation time. A minimally invasive procedure is available to implant the intragastric balloon, which can be easily performed in an outpatient set up,” says a senior analyst at Technavio for research on cardiovascular devices.
Global intragastric balloons market: Segmentation analysis
This market research report segments the global intragastric balloons market by product insertable balloons and swallowable balloons) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of close to 47%, followed by APAC and EMEA respectively. However, APAC is expected to witness a faster growth rate compared to the Americas and EMEA during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Technavio Research
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PUB: 09/24/2018 09:10 AM/DISC: 09/24/2018 09:10 AM