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Minimally Invasive Surgery Spurs Growth In The Foreign Body Removal Market: Pivotal Factor Influencing Foreign Body Removal Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Foreign Body Removal Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for foreign body removal has witnessed a consistent expansion. It is projected to increase from $2.01 billion in 2024 to $2.1 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.5%. The growth during the previous years can be associated with a higher occurrence of accidents, an uptick in the elderly population, advancements in healthcare infrastructure, increased understanding of FBR, and broadening geographical scope.
How Will the Foreign Body Removal Market Size Evolve and Grow by 2029?
Expectations are high for the foreign body removal market, as it is predicted to witness robust growth in the coming years. The market value is expected to surge to $2.72 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The projected growth during this period can be traced back to factors like an increase in cases of foreign body ingestion and aspiration, innovative advances in surgical procedures, elevated awareness and education, worldwide population growth, and an uptick in pediatric incidents. In the forecast period, there will be an increased demand for less invasive surgical procedures, a rise in chronic disease cases, a growing older population, technological progression, and enhanced awareness.
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What Drivers Are Propelling the Growth of Foreign Body Removal Market Forward?
The foreign body removal market is anticipated to experience growth due to the escalating demand for minimally invasive surgery. This type of procedure, which involves fewer stitches and smaller incisions, thus allowing for a quicker recovery time, is increasingly being utilised for the removal of objects swallowed or lodged within the digestive system or elsewhere in the body. This rise in the usage of minimally invasive surgery for foreign body removal is contributing significantly to its market demand. To illustrate, per the US-based non-profit organization, the American Academy of Facial Plastic and Reconstructive Surgery, nearly 83% of all medical procedures conducted in 2023 were minimally invasive, leaving only 17% for standard surgical procedures. Furthermore, data from the American Society of Plastic Surgeons, another US-based specialty body, showed that the total number of cosmetic minimally invasive procedures surged from 23.7 million in 2022 to 25.4 million in 2023. Consequently, the mounting demand for minimally invasive surgery is playing a pivotal role in directing the demand for the foreign body removal market.
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What Are the Key Trends Driving Foreign Body Removal Market Growth?
The focus of leading entities in the foreign body removal market is on introducing cutting-edge products like microsurgery instruments, which can assist surgeons in achieving unparalleled control and exactness during intricate surgical operations. These instruments are specialized for deft handling and intervention of minute bodily tissues thereby facilitating complicated operations such as magnified repair of blood vessels and nerves. As an example, a leading medical instrument producer based in the UK, Surtex Instruments introduced the Infinex series in November 2023. This series comprises microsurgery forceps and needle holders adorned with diamond-dusted jaws to augment grip and stability. Similarly, the Maestro series contains meticulously crafted micro scissors and forceps for a seamless operation. It's vital to note the significance of these tools; they equip surgeons with sophisticated instruments leading to improved surgical results, minimized patient suffering, and quicker recovery times.
What Are the Key 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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Who Are the Key Players Shaping the Foreign Body Removal Market's Competitive Landscape?
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 dic*kinson 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 Geographic Markets Are Powering Growth in the Foreign Body Removal Market?
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
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