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Evolving Market Trends In The Foreign Body Removal Industry: Technological Innovations In Foreign Body Removal Market Is Driving The Progress
Foreign Body Removal
What Is the Current Foreign Body Removal Market Size and Its Estimated Growth Rate?
The market size for foreign body removal has witnessed substantial growth in the past few years. It is projected to increase from $2.01 billion in 2024 to $2.12 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this growth during the historical period include a higher occurrence of accidents, a surge in the elderly population, enhanced healthcare infrastructure, increased familiarity with FBR, and a wider geographical reach.
The market size of foreign body removal is predicted to experience robust expansion in the coming years, reaching $2.76 billion by 2029, with a compound annual growth rate of 6.9%. Factors contributing to this growth for the forecast period include an increase in foreign body ingestion and aspiration rates, advancements in surgical procedures, enhanced awareness and education, global population increase, and an uptick in pediatric cases. Key trends projected during this period feature a heightened demand for minimally invasive surgery, an influx in chronic illness prevalence, an expanding elderly population, technological innovation, and growing awareness.
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What Are the High-Growth Segments in the Foreign Body Removal Market?
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
Subsegments:
1) By Forceps: Grasping Forceps, Biopsy Forceps
2) By Retrieval Baskets: Standard Retrieval Baskets, Angled Retrieval Baskets
3) By Balloon Catheter: Inflatable Balloon Catheters, Non-Inflatable Balloon Catheters
4) By Surgical Scissors: Straight Surgical Scissors, Curved Surgical Scissors
5) By Other Device Types: Endoscopic Instruments, Magnetic Retrieval Devices, Specimen Traps
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What Key Drivers Are Expected to Influence Future Foreign Body Removal Market Growth?
The surge in desire for less intrusive surgical procedures is projected to drive the growth of the foreign body removal market. Less invasive surgeries require less significant incisions, lead to quicker recovery periods, and require fewer stitches. Foreign body removal, which is typically conducted through this less intrusive surgical approach, involves the removal of swallowed objects lodged in the digestive system, or other body parts. The demand for foreign body removal surgery is continually rising as a result of this. For example, the American Academy of Facial Plastic and Reconstructive Surgery, a U.S. non-profit institution, stated in February 2024 that approximately 83% of all medical procedures performed in 2023 were less invasive, the remainder being standard surgical procedures. In addition, according to the American Society of Plastic Surgeons, another U.S. speciality entity, the total number of cosmetic minimally invasive procedures rose from 23.7 million in 2022 to 25.4 million in 2023. Consequently, the escalating demand for such surgery is fueling the foreign body removal market's expansion.
Which Companies Hold the Largest Share Across Different Foreign Body Removal Market Segments?
Major companies operating in the foreign body removal market include Boston Scientific Corporation, CONMED Corporation, MEDIVATORS Inc., Applied Medical Resources Corporation, Olympus Corporation, Diversatek Inc., Cook Medical LLC, Medtronic plc, Stryker Corporation, Smith & Nephew plc, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Teleflex Incorporated, Merit Medical Systems Inc., Terumo Corporation, Abbott Laboratories, Cardinal Health Inc., Becton Dickinson and Company, Teleflex Medical OEM, 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
What Trends Are Driving Growth in The Foreign Body Removal Market?
Leading firms in the foreign body removal market are directing their efforts towards creating innovative products like microsurgery devices to equip surgeons with unmatched control and accuracy in intricate surgical situations, thereby optimizing the surgical results and patient experiences. Microsurgery devices are uniquely designed surgical instruments meant for accurate operation and manoeuvring in extremely minute body tissues, facilitating intricate procedures such as mending of blood vessels and nerves under enlargement. For instance, in November 2023, Surtex Instruments, a medical instrument producer based in the UK, introduced the Infinex series. This series boasts diamond-dusted jaws on microsurgery clamps and needle holders, boosting grip and steadiness. Meanwhile, the Maestro series consists of precision-made micro scissors and clamps for perfect execution. The importance of this series is attributed to its capability to provide surgeons with superior tools leading to enhanced surgical results, lesser patient distress and quicker recuperation periods.
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What Are the Emerging Geographies for The Foreign Body Removal Market Growth?
North America was the largest region in the foreign body removal market in 2024. The regions covered in the foreign body removal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Foreign Body Removal Market?
2. What is the CAGR expected in the Foreign Body Removal Market?
3. What Are the Key Innovations Transforming the Foreign Body Removal Industry?
4. Which Region Is Leading the Foreign Body Removal Market?
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