The Worldwide Bronchoscopes Market is growing at a healthy pace. The market is expected to grow at the CAGR of 7.4% during the forecast period and is estimated to reach USD 2,244.4 million by 2023.
Global Bronchoscopes Market – Competitive Analysis:
The Global Bronchoscopes Market is well established market with number of products available in the market. There are few companies involved in the development of the bronchoscopes which are now widely used all across the world. A limited number of companies are working in the bronchoscopes market. Through extensive research, it is found out that the market players have adopted the strategy of improving the bronchoscopes, acquisition and collaboration. On the basis of the market study, we found some key players operating in this market: Ambu Inc., Boston Scientific Corporation, Cogentix Medical, Fujifilm Holdings Corporation, Olympus Corporation, Pentax Medicals, and KARL STORZ GmbH & Co. KG. Olympus Corporation is one of the leading players in the market with a huge global presence and over 39,727 employees.
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Bronchoscopes Market Key Findings:
Flexible bronchoscopes segment accounts for the largest market share in the global bronchoscopes market and is expected to be the fastest growing market with the CAGR of 8.0 % during the forecast period.
Diagnosis commanded the largest market share in 2016 and was valued at USD 885.7 million in 2016 and is expected to reach at USD 1,484.2 million by 2023.
On the basis of end users, Hospitals & clinics segment accounts for the largest market share of 49.1% in the global bronchoscopes market.
The Americas bronchoscopes market is expected to reach USD 868.7 million by 2023, at a CAGR of 7.4 % during the forecast period.
TOP 20+ Players Business Overview:
Ambu Inc. (US), Boston Scientific Corporation (US), Cogentix Medical (US), Fujifilm Holdings Corporation (Japan), Olympus Corporation (Japan), Pentax Medicals (Japan), and KARL STORZ GmbH & Co. KG (Germany), Schindler Endoskopie Technologie Gmbh (Germany), Schölly Fiberoptic Gmbh (Germany), Vimex Sp. (Poland), Hangzhou EndoTop Medi-Tech Co., Ltd.(China), Guangzhou MeCan Medical Limited (China) and LocaMed (UK).
Bronchoscopes Market Segmentation:
The Global Bronchoscopes Market is segmented on the basis of types, application, and end users.
On the basis of types, the market is segmented into rigid bronchoscopes, and flexible bronchoscopes. Flexible bronchoscopes are further sub-segmented into fiber optic bronchoscopes, and video bronchoscopes.
On the basis of application, the market is segmented into diagnosis, and surgical procedure. Diagnosis is further segmented into examination, patient’s airways, bleeding lungs, possibility of lung cancer, chronic cough, and obtain tissue specimen for biopsy. Surgical procedure is further segmented into removal of a foreign object in the airway, laser resection of tumors, lung abscess, stent insertion, percutaneous tracheostomy, and tracheal intubation.
On the basis of end user, the market is segmented into hospitals & clinics, diagnostic centers and others.
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Bronchoscopes Market – Regional Analysis:
Owing to the increasing prevalence of respiratory tract diseases and high healthcare expenditure, the Americas region dominates the bronchoscopes market. According to the American Lung Association, lung cancer affects more than 370,000 Americans, and represents USD 14 billion healthcare expenditure each year. Increasing adoption of bronchoscopes offers great opportunity to the bronchoscopes market. Flexible bronchoscopy has become the most commonly used invasive technique for the diagnosis and treatment diseases of the lungs and bronchi. According to the Centers for Disease Control and Prevention, nearly 500,000 bronchoscopies being performed each year in the U.S. alone. Being non-invasive procedures, bronchoscopic technique plays an important role in the diagnosis of respiratory diseases, especially, in geriatric population.
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