Bronchoscopes Market Information, By Types (Rigid Bronchoscopes, Flexible Bronchoscopes), Application (Diagnosis (Examination, Tissue Specimen for Biopsy), Surgical Procedure), End User (Hospitals & Clinics, Diagnostic Centers) - Global Forecast till 2023
— Bronchoscopes Market Highlight:
The global bronchoscopes market is predicted to touch USD 2,244.4 million at a 7.4% CAGR over the forecast period (2016-2023), as per the latest Market Research Future (MRFR) report. Bronchoscopy is a technique which allows a physician in examining the inside a patient’s lungs, which also includes the bronchi, the key pathways to the lungs. During this procedure, the physician inserts into the patient's lungs a thin tube having a camera and light passing through the mouth or nose. Bronchoscopes are widely used to diagnose bleeding, foreign bodies, inflammation, infection, and tumors in the lungs. Besides, it is used for airway’s surgical procedures. Bronchoscopy is a comparatively painless and quick procedure.
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Various factors are propelling the bronchoscope market growth. These factors, as stated by the MRFR report, include rising prevalence of lung cancer and respiratory diseases, burgeoning demand for diagnostic devices that are technologically advanced, and rising expenditure in research and development to introduce minimally invasive and efficient diagnostic and treatment methods. Additional factors pushing market growth include improving reimbursement policies, rising healthcare expenditure, increasing geriatric population, and the rising number of bronchoscopy methods.
On the contrary, the risk of infection and the high price of devices are factors that may restrict the bronchoscope market growth over the forecast period.
Bronchoscopes Market Based On Segmentation Analysis
The Market Research Future report provides a wide segmental analysis of the bronchoscope market based on end users, application, and type.
Based on type, the bronchoscope market is segmented into flexible bronchoscope and rigid bronchoscope. Of these, the flexible bronchoscope will have the largest share in the market owing to current developments in the bronchoscope technology.
Based on application, the bronchoscope market is segmented into surgical procedures and diagnosis. The surgical procedure segment is again segmented into tracheal intubation, percutaneous tracheostomy, stent insertion, lung abscess, laser resection of tumors, and removal of a foreign object in the airway. The diagnosis segment is further segmented into obtaining tissue specimen for biopsy, chronic cough, the possibility of lung cancer, bleeding lungs, patient’s airways, and examination.
Based on end users, the bronchoscope market is segmented into diagnostic centers, hospitals and clinics, and others.
Bronchoscopes Market Based On Regional Analysis
Based on the region, the bronchoscope market report covers the latest trends and growth opportunities across the Asia Pacific, Europe, the Americas, and the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. This is due to the rising prevalence of respiratory ailments, high healthcare expenditure, and the growing demand for advanced medical devices.
The bronchoscope market in Europe is predicted to have a healthy growth over the forecast period. This is owing to high support from the government for R&D activities and well-developed healthcare sector in the region.
The bronchoscope market in the APAC region is predicted to have significant growth over the forecast period. This is owing to the rising awareness of the accessibility of advanced medical devices and rapid adoption of advanced technology.
In the Middle East and Africa, the bronchoscope market will grow at a slow pace over the forecast period. This is owing to the poor primary healthcare services and low technological penetrations in the region’s underdeveloped areas.
Bronchoscopes Market Studied By Top Key Players
Leading players profiled in the bronchoscope market report include Guangzhou MeCan Medical Limited (China), Hangzhou EndoTop Medi-Tech Co., Ltd. (China), Schölly Fiberoptic Gmbh (Germany), Schindler Endoskopie Technologie Gmbh (Germany), KARL STORZ GmbH & Co. KG (Germany), Vimex Sp. (Poland), LocaMed (UK), Pentax Medicals (Japan), Fujifilm Holdings Corporation (Japan), Olympus Corporation (Japan), Cogentix Medical (US), Boston Scientific Corporation (US), and Ambu Inc. (US). Key players have acquired various strategies to create a niche in the market such as partnerships, new product launch, mergers and acquisitions, and collaborations.
July 2019: Orlando HealthORMC has become the foremost hospital in Central Florida to provide the latest valve treatment to patients having severe emphysema, a life-threatening and progressive type of chronic obstructive pulmonary disease. This one-time treatment is carried out at the time of a simple bronchoscopy, a technique which allows physicians in examining the patient’s air passage and lungs, and needs no incisions or cutting.
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