The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, June 19, 2023 (GLOBE NEWSWIRE) -- As per The Business Research Company’s foreign body removal Market Report 2023, the market will grow from$1.8 billion in 2022 to $1.9 billion in 2023, with a compound annual growth rate (CAGR) of more than 5%. Further, the market is anticipated to expand further and reach $2.3 billion in 2027, growing at a CAGR of 5%. North America held the largest foreign body removal market share in 2022.

The increasing demand for minimally invasive surgery is a significant driver for the growth of the foreign body removal industry. This type of surgical procedure involves smaller incisions, shorter recovery times, and fewer stitches. Foreign body removal, which is a minimally invasive surgical procedure used to eliminate objects lodged in the digestive system or other parts of the body, has seen a rise in demand due to the popularity of minimally invasive surgery.

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Foreign body removal market is led by companies such as Boston Scientific Corporation, CONMED Corporation, Rumex International Co., Anthony Products Inc., GerMedUSA Inc., UrgentMED, and Optics Incorporated.

Technology innovations are emerging as a key trend in the foreign body removal market. Key companies operating in this market are focusing on developing technologically advanced solutions to strengthen their market presence.

For instance, Olympus Corporation recently launched a line of single-use Foreign Body Retrieval devices, providing doctors with alternatives for addressing infection prevention campaigns. These specialized single-use gripping forceps replace the previously available reusable devices and assist in the recovery of foreign substances, stents, and removed tissue.

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The global foreign body removal market is segmented as -

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

This foreign body removal market report holds considerable importance for various stakeholders, including industry players, investors, researchers, and policymakers. It provides a comprehensive understanding of the market dynamics, key trends, and growth opportunities, enabling informed decision-making and strategic planning. By offering insights into market size, growth potential, and competitive landscape, this report serves as a valuable resource for market participants to gain a competitive edge and capitalize on emerging trends.

Foreign Body Removal Global Market Report 2023 by The Business Research Company provides insights on the foreign body removal market size, foreign body removal market segments, foreign body removal market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.

The Business Research Company has published over 5,000+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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