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Foreign Body Removal Market Report 2023-2032: Industry Analysis, Growth Strategy, Future Demand And Major Players | Boston Scientific Corporation, CONMED Corporation, MEDIVATORS Inc., Applied Medical Resources Corporation, Olympus Corporation
Foreign Body Removal Market
The Business Research Company's Foreign Body Removal Global Market Report 2023 identifies Increasing demand for minimally invasive surgery as the major driver for the Foreign Body Removal Market's growth in the forecast period. 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.
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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Major competitors in the foreign body removal market are Boston Scientific Corporation, CONMED Corporation, MEDIVATORS Inc., Applied Medical Resources Corporation, Olympus Corporation, Diversatek Inc., Endo-Therapeutics Inc., Bernell Corporation, Rumex International Co., Anthony Products Inc., GerMedUSA Inc., UrgentMED, and Optics Incorporated.
A key trend in the Foreign Body Removal Market includes Technology innovations. Major companies operating in the foreign body removal market are focused on developing technologically innovative solutions to strengthen their market position. For instance, in December 2021, Olympus Corporation, a Japan-based manufacturer of optics and reprography products, launched its line of single-use Foreign Body Retrieval devices, that gives doctors alternatives for a variety of purposes to address the demands of infection prevention campaigns. To help with the recovery of foreign substances, stents, and removed tissue like polyps, the new devices are a specialized single-use gripping forceps that will take the place of the previously available reusable devices.
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The Foreign Body Removal Market is segmented -
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.
The Business Research Company's "Global Foreign Body Removal Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Foreign Body Removal Market
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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