Gastric Device Market Size, Share & Trends Analysis | Global | 2024-2030 | MedCore | Includes: Gastric Bands and Gastric Balloons

  • Year: 2024
  • Scope: 10 Years
  • Region: Global
  • Pages: 29
  • Published Date: 11/30/2023
  • Type: MedCore

Product Description

Overall, the global gastric device market was valued at over $110 million in 2023. This is expected to increase over the forecast period at a CAGR of 2.5% to reach just over $131 million.

Throughout this medical market research, we analyzed over 10 gastric device companies globally and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.

DATA TYPES INCLUDED

  • Unit Sales, Average Selling PricesMarket Value & Growth Trends
  • Forecasts Until 2029, and Historical Data to 2019
  • Market Drivers & Limiters for Each Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • COVID19 Impact
  • Disease Overviews and Demographic Information
  • Company Profiles, Product Portfolios and SWOT for Top Competitors

Global Gastric Device Market Insights

  • Allurion Technologies has secured a strong position in the global wellness market through its innovative Allurion® Balloon technology, offering a non-invasive solution for sustainable weight loss. With a commitment to science-driven results and a patient-centric approach, the company has become a trailblazer in empowering individuals to achieve their health goals. In 2022, it celebrated the sale of its 100,000th balloon globally, and in 2023, it went public on the New York Stock Exchange, although it is not yet in the American market.
  • Apollo Endosurgery, now part of Boston Scientific, ranked second in the total laparoscopic device market in 2023, mainly due to its significant share of the gastric device market. The company expanded its portfolio with the OverStitch™ endoscopic suturing system for traditional gastrointestinal applications. Boston Scientific acquired Apollo Endosurgery in 2022.
  • ReShape Lifesciences claimed the third spot in the total gastric device market in 2023, dominating the gastric band segment. Its portfolio includes the LAP-BAND® adjustable gastric banding system and the ReShape Vest™, an investigational device for treating obesity. With the advantage of having the only FDA-approved gastric band device, the company announced the first implantation of the ReShape Vest™ in the ENDURE II trial in April 2019.

Market Segmentation Summary

  • Gastric Bands 
  • Gastric Balloons

Global Research Scope Summary

Report AttributeDetails
Regions North America (Canada, United States)
 Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
 Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
 Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan,   Poland, Romania, Russia, Turkey, Ukraine)
 Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
 Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand,   Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
 Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year 2023
Forecast 2024-2030
Historical Data 2020-2023
Quantitative Coverage Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors,   Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease   Overviews.
Data Sources Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data,   Import & Export Data, iData Research Internal Database.

 

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Gastric Device Market
16.1 Executive Summary
16.1.1 Global Gastric Device Market Overview
16.1.2 Competitive Analysis
16.1.3 Markets Included
16.1.4 Regions Included
16.2 Introduction
16.2.1 Population at Risk
16.3 Market Overview
16.3.1 By Segment
16.3.2 By Region
16.4 Market Analysis and Forecast
16.4.1 Total Gastric Device Market
16.4.2 Gastric Band Market
16.4.3 Gastric Balloon Market
16.5 Drivers and Limiters
16.5.1 Market Drivers
16.5.2 Market Limiters
16.6 Competitive Market Share Analysis
Allurion
Apollo Endosurgery
ReShape Lifesciences
Others
Chart 16‑1: Gastric Device Market, Global, 2023 & 2030
Chart 16‑2: Laparoscopic Procedures, Global, 2023
Chart 16‑3: Gastric Device Market by Segment, Global, 2020 – 2030
Chart 16‑4: Gastric Device Market by Region, Global, 2020 – 2030
Chart 16‑5: Leading Competitors, Gastric Device Market, Global, 2023
Figure 16‑1: Gastric Devices Markets Covered
Figure 16‑2: Gastric Device Regions Covered, Global (1 of 2)
Figure 16‑3: Gastric Device Regions Covered, Global (2 of 2)
Figure 16‑4: Gastric Device Market by Segment, Global, 2020 – 2030 (US$M)
Figure 16‑5: Gastric Device Market by Region, Global, 2020 – 2030 (US$M)
Figure 16‑6: Total Gastric Device Market, Global, 2020 – 2030
Figure 16‑7: Units Sold by Region, Gastric Device Market, Global, 2020 – 2030
Figure 16‑8: Average Selling Price by Region, Gastric Device Market, Global, 2020 – 2030 (US$)
Figure 16‑9: Market Value by Region, Gastric Device Market, Global, 2020 – 2030 (US$M)
Figure 16‑10: Gastric Band Market, Global, 2020 – 2030
Figure 16‑11: Units Sold by Region, Gastric Band Market, Global, 2020 – 2030
Figure 16‑12: Average Selling Price by Region, Gastric Band Market, Global, 2020 – 2030 (US$)
Figure 16‑13: Market Value by Region, Gastric Band Market, Global, 2020 – 2030 (US$M)
Figure 16‑14: Gastric Balloon Market, Global, 2020 – 2030
Figure 16‑15: Units Sold by Region, Gastric Balloon Market, Global, 2020 – 2030
Figure 16‑16: Average Selling Price by Region, Gastric Balloon Market, Global, 2020 – 2030 (US$)
Figure 16‑17: Market Value by Region, Gastric Balloon Market, Global, 2020 – 2030 (US$M)
Figure 16‑18: Leading Competitors, Gastric Device Market, Global, 2023

iData’s 9-Step Research Methodology

Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.

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Overall, the global gastric device market was valued at over $110 million in 2023. This is expected to increase over the forecast period at a CAGR of 2.5% to reach just over $131 million.

  • 2024
  • 10 Years
  • Global
  • MedCore
  • 29
  • 11/30/2023
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