Global Intragastric Balloons Market to reach $270mn by 2024

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Intragastric 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
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Key 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.

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Continued...

• 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.

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UK Intragastric Balloon Market Size, By Product,
2012-2024 (USD Million)

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Continued...

• 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.

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Continued...

• 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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