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Foreign Body Removal Market Size, Trends, Latest Insights, Analysis And Forecast 2024-2033
Foreign Body Removal Market Size
Foreign Body Removal Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.61 billion In 2028 At A CAGR Of 6.0%.
The foreign body removal market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing incidence of accidents, rising geriatric population, improved healthcare infrastructure, growing awareness of fbr, expanding geographic reach.
The foreign body removal market size is expected to see strong growth in the next few years. It will grow to $2.61 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to continued growth in fb ingestion and aspiration rates, innovations in surgical techniques, growing awareness and education, global population growth, rise in pediatric cases. Major trends in the forecast period include increasing demand for minimally invasive surgery, rising prevalence of chronic diseases, growing geriatric population, technological advancements , increasing awareness .
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Foreign Body Removal Market Major Segments
The foreign body removal market covered in this report is segmented -
1) By Device Type: Forceps, Retrieval Baskets, Balloon Catheter, Surgical Scissors, Other Device Types
2) By Application: Stomach, Gut, Mouth, Ear, Nose, Other Applications
3) By End Users: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
Key Driver - Minimally Invasive Surgery Spurs Growth In The Foreign Body Removal Market
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. Therefore, the increasing demand for minimally invasive surgery is driving the demand for the foreign body removal market.
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Prominent Trend - Technological Innovations In Foreign Body Removal Market Is Driving The Progress
Technology innovations are a key trend gaining popularity in the foreign body removal market. 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 such as polyps, the new devices are a specialized single-use gripping forceps that will take the place of the previously available reusable devices.
Foreign Body Removal Market Players
Major companies operating in the foreign body removal market report 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, Optics Incorporated, Cook Medical LLC, Medtronic plc, Stryker Corporation, Smith & Nephew plc, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Teleflex Incorporated, C. R. Bard Inc., Merit Medical Systems Inc., Terumo Corporation, Abbott Laboratories, Cardinal Health Inc., Becton Dickinson and Company, Teleflex Medical OEM, Cook Group Incorporated, AngioDynamics Inc., Hologic Inc., Integra LifeSciences Holdings Corporation, Zimmer Biomet Holdings Inc., Karl Storz SE & Co. KG, Fujifilm Holdings Corporation, Richard Wolf GmbH, Pentax Medical Company .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the foreign body removal market in 2023. The regions covered in the foreign body removal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Foreign Body Removal Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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