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HEALTHCARE & PHARMACEUTICAL

Western Europe Image Guided ENT Surgery Systems Market Segmentation by Surgery Type (Ear, Nose, and Throat); by Procedure (Maxillary Antrostomy, Maxillary Polypectomy, Polypectomy, Ethmoidectomy, Sphenoidotomy, and Others); by End-User (Hospital, Ambulatory Surgery Centers, and Others) – Demand Analysis & Opportunity Outlook 2020-2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • May 5, 2020: Fiagon AG Medical Technologies, in association with Smith & Nephew, announced that both the organizations have agreed to an agreement where the latter would distribute the ENT portfolio of Fiagon in the Asia Pacific region, including Australia, India subcontinent, New Zealand, China, and ASEAN markets.

Western Europe Image Guided ENT Surgery Systems Market Highlights Over 2020 - 2029

The Western Europe image guided ENT surgery systems market is estimated to garner a revenue of USD 120262.8 Thousand by the end of 2029, up from a revenue of USD 59206.6 Thousand in 2020 by growing with a CAGR of 8.2% over the forecast period, i.e., 2020 – 2029. The growth of the market can primarily be attributed to increasing healthcare expenditure in the region, and for the increasing advancements in the field of medical equipment. According to the statistics by the World Bank, the current health expenditure as a share of GDP in the European Union touched 9.854% in the year 2018, up from 8.432% in the year 2000. Moreover, in Germany, France and Switzerland, it grew from 9.888%, 9.584%, and 9.375% respectively in the year 2000 to 11.43%, 11.258%, and 11.876% respectively in the year 2018. The government of nations in Western Europe, over the past few years have emphasized on the health of the citizens and are therefore focusing on to continuously improve the publicly available healthcare services, which is anticipated to be one of the major factors driving the market growth.

Western Europe Image Guided ENT Surgery Systems Market Graph

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The Western Europe image guided ENT surgery system market is further projected to grow on account of the increasing incidences of different types of cancer, such as oropharynx, nasopharynx, hypopharynx, and thyroid among others. According to the statistics by the International Agency for Research on Cancer, in the year 2020, the number of new cancer cases of oropharynx, nasopharynx, hypopharynx, and thyroid was estimated to be 10005, 1304, 5912, and 25089 cases respectively. Moreover, by the end of 2040, the number of new cases for these cancer diseases amongst males is anticipated to reach 7.5 Thousand, 1 Thousand, 5.4 Thousand, and 6.3 Thousand respectively, while that for females is anticipated to reach 3.1 Thousand, 0.4 Thousand, 1.1 Thousand, and 19 Thousand respectively.

Western Europe Image Guided ENT Surgery Systems Market Regional Synopsis

Regionally, the Western Europe image guided ENT surgery systems market is segmented into Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Netherlands, Norway, Portugal, Switzerland, Sweden, Spain, United Kingdom, and the Rest of Western Europe. Amongst the market in these regions, the market in Germany is anticipated to hold the highest market share and further attain the largest market revenue of USD 32833.1 Thousand by the end of 2029, up from USD 15249.6 Thousand in 2020. The market in the region is further anticipated to grow with the second-highest CAGR of 8.9% during the forecast period. The growth of the market in the region can primarily be attributed to the increasing number of ENT surgeries in the country, and for the growing healthcare expenditure. According to the statistics by Eurostat, the total number of tonsillectomy surgical operations in Germany in the year 2018, recorded to 110.0 per 100000 inhabitants. On the other hand, according to the statistics by Statistiscshes Bundesamt, the total number of male patients discharged from hospitals in Germany post diagnosis of disorders of thyroid gland, diseases of the eye and adnexa, and the diseases of the ear and mastoid process, in the year 2019 was 20380, 163853, and 72437 numbers respectively, while those of females registered to 56871, 183728, and 83498 numbers respectively. The market in Switzerland, on the other hand, is expected to grow with the highest CAGR of 9.2% during the forecast period.

Growth Drivers and Challenges Impacting the Growth of the Western Europe Image Guided ENT Surgery Systems Market

Growth Drivers

  • Increasing Investments for Developing Healthcare Infrastructure

  • Rise in Chronic Diseases

Challenges

  • Lack of Skilled Personnel

Western Europe Image Guided ENT Surgery Systems Market Segmentation Synopsis

The Western Europe image guided ENT surgery systems market is segmented by surgery type into ear, nose, and throat. Out of these segments, the nose segment is anticipated to hold the highest market share during the forecast period and further garner a revenue of USD 53050.6 Thousand by the end of 2029, up from a revenue of USD 25469.4 Thousand in 2020. The segment is also anticipated to grow with the highest CAGR of 8.5% during the forecast period. On the basis of procedure, the market is segmented into maxillary antrostomy, maxillary polypectomy, polypectomy, ethmoidectomy, sphenoidotomy, and others. Out of these segments, the ethmoidectomy segment is anticipated to hold the second-leading market share during the forecast period. The segment garnered a revenue of USD 8067.2 Thousand in the year 2020 and is further projected to touch USD 6902.3 Thousand by the end of 2029. The market is further segmented on the basis of end-user into hospital, ambulatory surgery centers, and others. Out of these segments, the hospital segment is anticipated to grab the largest market revenue of USD 35474.8 Thousand by the end of 2021.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Western Europe image guided ENT surgery systems market that are included in our report are Stryker, KARL STORZ GmbH, Brainlab AG, Fiagon AG Medical Technologies, Collin SAS, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Report Inclusion
  2. Assumptions and Market Estimations
  3. Research Methodology
    1. Research process
    2. Primary research
    3. Secondary research
    4. Market size estimation
  4. Executive Summary- Western Europe Image Guided ENT Surgery Systems Market
  5. Analysis of Market Dynamics
    1. Growth drivers  
    2. Opportunities
    3. Market trends
    4. Restraints
  6. COVID-19 Impact Analysis
  7. Regulatory Landscape
  8. Competitive Landscape
    1. Stryker
    2. KARL STORZ GmbH
    3. Brainlab AG
    4. Fiagon AG Medical Technologies
    5. Collin SAS
  9. Western Europe Market Outlook
  10. Country Profile
    1. Austria
    2. Belgium
    3. Denmark
    4. Finland
    5. France
    6. Germany
    7. Greece
    8. Iceland
    9. Ireland
    10. Italy
    11. Netherlands
    12. Norway
    13. Portugal
    14. Spain
    15. Sweden
    16. Switzerland
    17. United Kingdom
    18. Rest of Western Europe

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