Gastric Balloon Market Size, Trends and Growth Analysis by 2027

The global market for gastric balloons is projected to grow significantly, reaching approximately US$ 152.1 million by 2027, up from US$ 67.3 million in 2018. This market is anticipated to expand at a compound annual growth rate (CAGR) of 9.7% from 2019 to 2027.

Several factors are contributing to this growth, including the rising incidence of obesity across the globe and an increasing preference for less invasive treatment options. However, challenges such as the absence of insurance reimbursements and potential side effects or complications related to gastric balloon procedures may hinder market expansion in the near future. The obesity epidemic has escalated dramatically in recent years, particularly in urban areas of developed countries. According to the World Health Organization (WHO), in 2016, over 1.9 billion adults aged 18 and older were classified as overweight, with more than 650 million of these individuals being categorized as obese. Additionally, around 41 million children under the age of five were reported to be overweight or obese. The prevalence of overweight and obesity among children and adolescents aged 5 to 19 has surged from a mere 4% in 1975 to over 18% in 2016. Currently, the highest obesity rates are observed in the United States, Mexico, New Zealand, and Hungary, while Japan and Korea report the lowest rates. Looking ahead, it is expected that countries like Korea and Switzerland will experience the most rapid increases in obesity rates.

The global gastric balloon market is categorized based on the type of filling material used, which includes saline-filled and gas-filled balloons. In 2018, the saline-filled segment dominated the market share in terms of filling material. This segment is projected to maintain its leading position by 2027, primarily due to its effectiveness in promoting weight loss among obese patients compared to gas-filled alternatives. Furthermore, the saline-filled segment is expected to exhibit the highest growth rate throughout the forecast period from 2018 to 2027.

The report on the gastric balloon market incorporates insights from various key primary and secondary sources, including the American Society for Gastrointestinal Endoscopy, the American Society for Metabolic and Bariatric Surgery, the Society of American Gastrointestinal and Endoscopic Surgeons, the South African Society for Surgery, the Obesity and Metabolism Food and Drug Administration, and Southern Oregon Medical Aesthetics, among others.