Research Nester has released a report titled “Western Europe Image Guided ENT Surgery Systems Market: Demand Analysis & Opportunity Outlook 2029” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The World Bank, in one of its statistics, stated that in Germany, France and Switzerland, the current expenditure on health as a share of GDP, increased 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 statistics portray the increasing expenditure on health by the nations in Western Europe, backed by the rising need to develop the healthcare infrastructure in the countries in the region, as well as to increase the accessibility to quality healthcare services to its citizens. Further, with the increasing incidences of different types of diseases in the countries, and the rising number of surgeries to treat those diseases, there is a surge in demand for advanced medical equipment, which is anticipated to drive the growth of the Western Europe image guided ENT surgery systems market. The market, which garnered a revenue of USD 59206.6 Thousand in 2020, is further expected to reach USD 120262.8 Thousand by the end of 2029, by growing with a CAGR of 8.2% during the forecast period, i.e., 2020-2029.
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The Western Europe image guided ENT surgery systems market is segmented on the basis of surgery type into ear, nose, and throat. The nose segment, amongst all other segments, is expected to generate the largest market revenue of USD 53050.6 Thousand by the end of 2029, up from a revenue of USD 25469.4 Thousand in 2020. Further, on the basis of regional analysis, the 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 countries, the market in Germany is anticipated to hold the highest market share over the forecast period and further touch a revenue of USD 32833.1 Thousand by the end of 2029, up from USD 15249.6 Thousand in 2020.
However, the lack of skilled personnel is one of the major factors anticipated to hamper the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the Western Europe image guided ENT surgery systems market in terms of market, which includes company profiling of Stryker, KARL STORZ GmbH, Brainlab AG, Fiagon AG Medical Technologies, Collin SAS, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Western Europe Image Guided ENT Surgery Systems Market: Demand Analysis & Opportunity Outlook 2029”, analyses the overall Western Europe image guided ENT surgery systems market in terms of industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Western Europe image guided ENT surgery systems market in terms of market in the near future.
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