The Latin America, Middle East and Africa Obesity Intervention Devices Market would witness market growth of 7.0% CAGR during the forecast period (2023-2029).
Technology-related improvements made to these intragastric balloons include the incorporation of twin and triple balloons to stop device migration from the stomach to the intestines in the case of a balloon deflation, thereby lowering the risk of intestinal obstruction. Another important element driving market expansion is the population's increased preference for minimally invasive operations and growing awareness of these procedures, which is due to their quicker recovery times.
To stop neuronal activity among the brain and the stomach, a gastric stimulation system is surgically inserted into the belly. The electrodes receive electrical signals from a rechargeable electrical pulse generator, wire leads, and nerve electrodes. Patient charging and setting adjustments are both made possible through external controls.
Compared to other surgical methods for treating obesity, intragastric balloons have benefits. These benefits include a shorter hospital stay, no incision needed for intragastric balloon delivery, and the absence of any other issues like blood loss. A piece of the stomach is removed and bypassed with other surgical weight loss treatments like sleeve gastrectomy and gastric bypass. Patients choose non-surgical methods because there are many difficulties with surgical procedures, which increases the need for intragastric balloons.
Adult obesity rates in the UAE are around 27.8%, according to the National Health Survey 2017–2018. Concerns have been expressed about the nation's rising obesity rates, which are among the highest in the world. All age groups are at risk for the negative effects of obesity on their health. The increased rate may be attributed to fast food heavy in fat, unfavorable weather, and insufficient exercise. The general population's increasing obesity will raise the need for anti-obesity medications for treatment, opening up new market potential. It is anticipated that the prevalence of diabetes will increase, driving up market growth in the region.
The Brazil market dominated the LAMEA Obesity Intervention Devices Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $6 million by 2029. The Argentina market is poised to grow at a CAGR of 7.6% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 6.7% during (2023 - 2029).
Based on End User, the market is segmented into Hospitals and Clinics & Others. Based on Device, the market is segmented into Gastric Bands, Gastric Balloon and Gastric Stimulation System. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Obesity Intervention Devices Market is Projected to reach USD 352 Million by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson, Apollo Endosurgery, Inc. (Boston Scientific Corporation), ReShape Lifesciences, Inc., AbbVie, Inc., Allurion Technologies, Inc., Spatz FGIA, Inc, Cousin Surgery, A.M.I. GmbH, ENDALIS, and GI Dynamics, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals
- Clinics & Others
By Device
- Gastric Bands
- Gastric Balloon
- Gastric Stimulation System
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Johnson & Johnson
- Apollo Endosurgery, Inc. (Boston Scientific Corporation)
- ReShape Lifesciences, Inc.
- AbbVie, Inc.
- Allurion Technologies, Inc.
- Spatz FGIA, Inc
- Cousin Surgery
- A.M.I. GmbH
- ENDALIS
- GI Dynamics, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Obesity Intervention Devices Market, by End User
1.4.2 LAMEA Obesity Intervention Devices Market, by Device
1.4.3 LAMEA Obesity Intervention Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Obesity Intervention Devices Market by End User
3.1 LAMEA Hospitals Market by Country
3.2 LAMEA Clinics & Others Market by Country
Chapter 4. LAMEA Obesity Intervention Devices Market by Device
4.1 LAMEA Gastric Bands Market by Country
4.2 LAMEA Gastric Balloon Market by Country
4.3 LAMEA Gastric Stimulation System Market by Country
Chapter 5. LAMEA Obesity Intervention Devices Market by Country
5.1 Brazil Obesity Intervention Devices Market
5.1.1 Brazil Obesity Intervention Devices Market by End User
5.1.2 Brazil Obesity Intervention Devices Market by Device
5.2 Argentina Obesity Intervention Devices Market
5.2.1 Argentina Obesity Intervention Devices Market by End User
5.2.2 Argentina Obesity Intervention Devices Market by Device
5.3 UAE Obesity Intervention Devices Market
5.3.1 UAE Obesity Intervention Devices Market by End User
5.3.2 UAE Obesity Intervention Devices Market by Device
5.4 Saudi Arabia Obesity Intervention Devices Market
5.4.1 Saudi Arabia Obesity Intervention Devices Market by End User
5.4.2 Saudi Arabia Obesity Intervention Devices Market by Device
5.5 South Africa Obesity Intervention Devices Market
5.5.1 South Africa Obesity Intervention Devices Market by End User
5.5.2 South Africa Obesity Intervention Devices Market by Device
5.6 Nigeria Obesity Intervention Devices Market
5.6.1 Nigeria Obesity Intervention Devices Market by End User
5.6.2 Nigeria Obesity Intervention Devices Market by Device
5.7 Rest of LAMEA Obesity Intervention Devices Market
5.7.1 Rest of LAMEA Obesity Intervention Devices Market by End User
5.7.2 Rest of LAMEA Obesity Intervention Devices Market by Device
Chapter 6. Company Profiles
6.1 Johnson & Johnson
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental &Regional Analysis
6.1.4 Research & Development Expenses
6.2 Apollo Endosurgery, Inc. (Boston Scientific Corporation)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Approvals and Trials:
6.3 ReShape Lifesciences, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research and Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Approvals and Trials:
6.4 AbbVie, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expense
6.5 Allurion Technologies, Inc.
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Approvals and Trials:
6.5.2.2 Product Launches and Product Expansions:
6.6 Spatz FGIA, Inc.
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Approvals and trials:
6.7 Cousin Surgery
6.7.1 Company Overview
6.8 A.M.I. GmbH
6.8.1 Company Overview
6.9 ENDALIS
6.9.1 Company Overview
6.10. GI Dynamics, Inc.
6.10.1 Company Overview
TABLE 1 LAMEA Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 4 LAMEA Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 5 LAMEA Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Clinics & Others Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Clinics & Others Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 10 LAMEA Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 11 LAMEA Gastric Bands Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Gastric Bands Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Gastric Balloon Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Gastric Balloon Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Gastric Stimulation System Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Gastric Stimulation System Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Obesity Intervention Devices Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Obesity Intervention Devices Market by Country, 2023 - 2029, USD Million
TABLE 19 Brazil Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 20 Brazil Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 21 Brazil Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 22 Brazil Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 23 Brazil Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 24 Brazil Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 25 Argentina Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 26 Argentina Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 27 Argentina Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 28 Argentina Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 29 Argentina Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 30 Argentina Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 31 UAE Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 32 UAE Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 33 UAE Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 34 UAE Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 35 UAE Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 36 UAE Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 37 Saudi Arabia Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 38 Saudi Arabia Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 39 Saudi Arabia Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 40 Saudi Arabia Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 41 Saudi Arabia Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 42 Saudi Arabia Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 43 South Africa Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 44 South Africa Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 45 South Africa Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 46 South Africa Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 47 South Africa Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 48 South Africa Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 49 Nigeria Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 50 Nigeria Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 51 Nigeria Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 52 Nigeria Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 53 Nigeria Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 54 Nigeria Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 55 Rest of LAMEA Obesity Intervention Devices Market, 2019 - 2022, USD Million
TABLE 56 Rest of LAMEA Obesity Intervention Devices Market, 2023 - 2029, USD Million
TABLE 57 Rest of LAMEA Obesity Intervention Devices Market by End User, 2019 - 2022, USD Million
TABLE 58 Rest of LAMEA Obesity Intervention Devices Market by End User, 2023 - 2029, USD Million
TABLE 59 Rest of LAMEA Obesity Intervention Devices Market by Device, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA Obesity Intervention Devices Market by Device, 2023 - 2029, USD Million
TABLE 61 Key information –Johnson & Johnson
TABLE 62 Key Information – Apollo Endosurgery, Inc.
TABLE 63 Key Information – ReShape Lifesciences, Inc.
TABLE 64 Key information – AbbVie, Inc.
TABLE 65 key information – Allurion Technologies, Inc.
TABLE 66 Key Information – Spatz FGIA, Inc.
TABLE 67 Key Information – Cousin Surgery
TABLE 68 Key Information – A.M.I. GmbH
TABLE 69 Key Information – Endalis
TABLE 70 Key Information – GI Dynamics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Obesity Intervention Devices Market Share by End User, 2022
FIG 3 LAMEA Obesity Intervention Devices Market Share by End User, 2029
FIG 4 LAMEA Obesity Intervention Devices Market by End User, 2019 - 2029, USD Million
FIG 5 LAMEA Obesity Intervention Devices Market Share by Device, 2022
FIG 6 LAMEA Obesity Intervention Devices Market Share by Device, 2029
FIG 7 LAMEA Obesity Intervention Devices Market by Device, 2019 - 2029, USD Million
FIG 8 LAMEA Obesity Intervention Devices Market Share by Country, 2022
FIG 9 LAMEA Obesity Intervention Devices Market Share by Country, 2029
FIG 10 LAMEA Obesity Intervention Devices Market by Country, 2019 - 2029, USD Million
FIG 11 SWOT analysis: Johnson & Johnson