Intragastric Balloon MarketPosted by industryarc on August 7th, 2019 Obesity rates are on the rise globally, and it is becoming a major health concern in the world. According to the World Health Organization (WHO), in 2016, more than 1.9 billion adults were overweight, and 650 million of them were declared obese. Intragastric balloons help in weight reduction without surgery, which is leading to increased adoption by the healthcare industry. This resonates with findings documented in a report by IndustryARC which estimates that the intragastric balloon market size will attain a valuation of 9.77m by 2023. The forecast period 2018 to 2023 will witness a growth in demand for intragastric balloons at a CAGR of 25.47%. A report by IndustryARC titled, “Intragastric Balloons Market: By Filler material (Fluid-Filled, Air-Filled); By Type (Single, Double, Triple); By End User (Hospitals, Clinics, Others); By Geography (Americas, Europe, APAC, RoW) - Forecast (2018-2023)”, documents the latest trends driving adoption and challenges in the market. Furthermore, the report provides details pertaining to the latest innovations and business strategies by vendors in the intragastric balloon market. View Full Table Of Content Of Intragastric Balloon Market: https://www.industryarc.com/Report/16360/intragastric-balloons-market.html Intragastric Balloon Market: Geographical Analysis & Leading Segments With regard to application segments, the market is segregated into fluid-filled and air-filled intragastric balloons. Fluid-filled intragastric balloons generated maximum revenue for the global intragastric balloon market, and the application segment is estimated to grow at a CAGR of 23.54% through to 2023. Intragastric Balloon Market: Trends and Growth Drivers ·The Rise in Per Capita Income –There has been a significant increase in people’s disposable personal income, all over the world. Thus, people are able to afford intragastric balloon treatment, which is playing a vital role in increasing revenues for the intragastric balloon market. “The robust customer-base with increasing disposable income is creating a lucrative pricing environment for the vendors, and the future foresees more customers opting for intragastric balloon treatment, which will expand the intragastric balloon market size.”; highlights the intragastric balloon market intelligence report. ·Government Initiatives Driving the Intragastric Balloon Market –The U.K. government’s Food Standards Agency has been creating awareness about obesity by conducting numerous programs in order to reduce obesity rates. Similarly, there is increasing awareness about obesity across the globe as governments worldwide are taking measures to reduce the catapulting obesity rates worldwide. This is creating multiple avenues for generating revenue for existing and new players in the intragastric balloon market. Intragastric Balloon Market: Competitive Landscape
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