Western Europe Otology Drill Product Market New Opportunities, Top Trends, Rising Demand, & Emerging Growth
Research Nester has released a report titled “Western Europe Otology Drill Product 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 Global
Health Data Exchange (GHDx) of the Institute for Health Metrics and Evaluation
(IHME), in one of its statistics, stated that the prevalence of age-related and
other hearing loss in Western Europe touched 79973683.67 numbers in the year
2019, up from 72125778.69 numbers in the year 2010.
The statistics
portray the growing prevalence of hearing-related disorders, which is driving
the need for ear surgeries in Western Europe. Otologic diseases, such as Bell’s Palsy, mastoiditis, otitis
media, cholesteatoma, and others, require advance treatment by means of
surgery. Backed by the rising awareness amongst individuals in the region for
such surgeries, along with the increasing advancements in medical equipment,
are some of the major factors anticipated to drive the growth of the Western
Europe otology drill product market.
The Western
Europe otology drill product market
is anticipated to grow with a CAGR of 6.8% during 2020-2029. The market is estimated
to garner a revenue of USD 78317.2 Thousand by the end of 2029, up from a
revenue of USD 43488.0 Thousand in 2020. The market is segmented by end-user
into hospital, ambulatory surgery centers, and individual clinics. By the end
of 2029, the hospital segment is anticipated to register the largest revenue of
USD 41480.5 Thousand. Moreover, in the year 2020, the segment garnered a
revenue of USD 22911.6 Thousand.
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Sample of This Strategic Report@ https://www.researchnester.com/sample-request-3541
By country, the Western Europe otology drill
product market is segmented into Austria, Belgium, Denmark,
Finland, France, Germany, Greece, Iceland, Ireland, Italy, Netherlands, Norway,
Portugal, Switzerland, Sweden, Spain, the United Kingdom, and the Rest of
Western Europe. Amongst these segments, the market in Germany is expected to garner
a revenue of USD 17179.6 Thousand by the end of 2029. The market in the country
attained a revenue of USD 9002.0 Thousand in the year 2020, and is further
expected to grow with the highest CAGR of 7.4% during the forecast period.
However,
the lack of skilled personnel to use otology drill products is one of the major
factors predicted to hinder the market growth in the coming years.
This report also provides the existing
competitive scenario of some of the key players of the Western Europe otology drill product market, which includes
company profiling of Stryker Corporation, KARL STORZ, Olympus
Corporation, Bien-Air Surgery SA, DePuy Synthes (Johnson & Johnson), and
others.
Download/Request Sample Copy of Strategic
Report: https://www.researchnester.com/sample-request-3541
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 Otology Drill Product Market: Demand Analysis & Opportunity Outlook 2029”, analyses the overall Western Europe otology drill product 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 otology drill product market in the near future.
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Research
Nester is a leading service provider for strategic market research and
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analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment, etc.
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