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Global Foreign Body Removal Market Set To Surge By 2032: Latest Trends, Opportunities, and Forecast Analysis || Boston Scientific Corporation, CONMED Corporation, MEDIVATORS Inc
Foreign Body Removal Market
Foreign Body Removal Market Size, Growth Rate, And Forecast
The global foreign body removal market size is expected to grow from $1.85 billion in 2022 to $1.95 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global foreign body removal market size is expected to grow to $2.37 billion in 2027 at a CAGR of 5.0%.
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Foreign Body Removal Market Drivers
Increasing demand for minimally invasive surgery is expected to propel the growth of the foreign body removal market going forward. Minimally invasive surgery is the type of procedure that involves smaller incisions and shorter recovery time and makes use of few stitches. Foreign body removal is a minimally invasive surgical procedure that is used to get rid of objects that have been swallowed and lodged in the digestive system or any region of the body. The invasive surgery is performed for foreign body removal which leads to an increase in the demand for the foreign body removal. For instance, according to a survey (involving over 1,000 women) statistics by the American Society of Plastic Surgeons (ASPS), a US-based plastic surgery specialty organization, in the USA, 35% of women who have had at least one cosmetic surgical operation or minimally invasive procedure in the past year anticipated spending much more on treatments in 2021 than in 2020. Therefore, the Increasing demand for minimally invasive surgery is driving the demand for the foreign body removal market.
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Foreign Body Removal Market Segments
• By Device Type: Forceps, Retrieval Baskets, Balloon Catheter, Surgical Scissors, Other Device Types
• By Application: Stomach, Gut, Mouth, Ear, Nose, Other Applications
• By End Users: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the foreign body removal market.
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Foreign Body Removal Market Key Players
Major competitors in the foreign body removal market are Boston Scientific Corporation, CONMED Corporation, MEDIVATORS Inc., Applied Medical Resources Corporation, Olympus Corporation, Diversatek Inc.
The Business Research Company's "Global Foreign Body Removal Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Foreign Body Removal Market Include:
1. Executive Summary
2. Foreign Body Removal Market Characteristics
3. Foreign Body Removal Market Trends And Strategies
4. Foreign Body Removal Market - Macro Economic Scenario
5. Foreign Body Removal Market Size And Growth
………………
27. Foreign Body Removal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foreign Body Removal Market
29. Foreign Body Removal Market Future Outlook and Potential Analysis
30. Appendix
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