Research Nester published a report titled “Western Europe Power Market for Sinus Surgery: Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the Western Europe power market for sinus surgery in terms of market segmentation by device type, procedure, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Western Europe power market for sinus surgery is anticipated to grow with a CAGR of 6.6% during the forecast period, i.e., 2020-2029. The market is segmented on the basis of end-user into hospital, ambulatory surgery centers, and individual ENT clinics. Amongst these segments, the hospital segment is anticipated to garner the largest market revenue of USD 53117.4 Thousand by the end of 2029, up from USD 29952.6 Thousand in the year 2020.
The Western Europe power market for sinus surgery is estimated to garner a revenue of USD 94022.4 Thousands by the end of 2029, up from a revenue of USD 52819.3 Thousands in the year 2020. Increasing expenditure on health, followed by the rising incidences of sinus cases amongst individuals in the region, and the growing need for sinus surgery to lower the incidence rate, are some of the major factors anticipated to drive the growth of the market during the forecast period. The market is segmented on the basis of country into Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Netherlands, Norway, Portugal, Switzerland, Sweden, Spain, UK, and the Rest of Western Europe. Out of the market in these countries, the market in Germany held the largest market revenue of USD13152 Thousand in 2020, and is further expected to touch USD 23968.8 Thousand by the end of 2029.
Rising Incidences of Non-Communicable Respiratory Diseases to Create Opportunities for Market Growth
The World Health Organization (WHO), in one of its statistics, stated that in Europe, the total number of deaths attributed to non-communicable respiratory diseases touched 458822 numbers in the year 2019 from 444316 numbers in the year 2000.
There is a rising concern amongst individuals for the increasing non-communicable respiratory diseases, which is resulting in a growing demand for surgeries to treat such diseases. With the advancements in medical science, along with the development of new power tools, surgeons are increasingly utilizing these tools to perform their surgeries, which is one of the major factors anticipated to drive the growth of the market in the coming years.
However, the lack of availability of skilled personnel for operating these tools is expected to operate as key restraint to the growth of Western Europe power market for sinus surgery over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Western Europe power market for sinus surgery which includes company profiling of KARL STORZ GmbH, Olympus Corporation, Bien-Air Medical Technologies, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Western Europe power market for sinus surgery that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.