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

The Business Research Company’s foreign body removal market report forecasts the foreign body removal market size to grow to $2.37 Billion by 2027, with a CAGR (compound annual growth rate) of 5%.

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Foreign Body Removal Market Size Forecast
The global foreign body removal market 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%.

North America held the largest foreign body removal market share.

Key Foreign Body Removal Market Driver ­– Increase In Demand For Minimally Invasive Surgery
For example, according to the American Society of Plastic Surgeons (ASPS), a US-based plastic surgery specialty organisation, 35% of women who had at least one cosmetic surgical operation or minimally invasive procedure in the previous year expected to spend much more on treatments in 2021 than in 2020. As a result, the growing desire for minimally invasive surgery is boosting the foreign body removal industry.

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Key Foreign Body Removal Market Trend – Technological Innovations
To strengthen their market position, major firms in the foreign body removal industry are focusing on developing technologically novel solutions. For example, in December 2021, Olympus Corporation, a Japanese maker of optical and reprography products, debuted its range of single-use Foreign Body Retrieval devices, which provide clinicians with options for a number of uses in order to meet the demands of infection prevention campaigns. The new devices are specialised single-use grasping forceps that will replace previously available reusable devices to aid in the recovery of foreign substances, stents, and excised tissue such as polyps.

Foreign Body Removal Market Segment
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

Foreign Body Removal Market Major Players and Strategies
Major players 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.

Alleima, a Swedish manufacturer of high-value-added products in advanced stainless steels and special alloys, paid an undisclosed sum to purchase Endosmart Gesellschaft für Medizintechnik GmbH (Endosmart GmbH) in December 2021. Endosmart’s acquisition broadens Alleima’s capabilities and expands the firm by adding new goods and materials. Endosmart GmbH is a medical device and component manufacturer based in Germany that produces retrieval baskets and snares, breast cancer tumour indicators, and surgical equipment.

The Foreign Body Removal Global Market Report 2023 covers regional data on foreign body removal market size, foreign body removal market trends and drivers, opportunities, strategies, and foreign body removal market competitor analysis. The countries covered in the foreign body removal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The removal of foreign bodies refers to the process of eliminating objects that have been impacted in any section of the body. A foreign body can enter the body through eating, inhalation, or damage to almost any part of the body.

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