Bronchoscopes Market to Accrue Exponentially By 2023 Registering 7.4% CAGR

Market Synopsis of Global Bronchoscopes Market

Market Scenario

Bronchoscopy has become an essential part of modern medicine. The examination by bronchoscopy has become the most common method to diagnose any kind of abnormality in the normal function of the respiratory system. Bronchoscopes are the instruments used for visualizing the insides of the patient’s airways. Bronchoscopes are usually inserted through nose or mouth, and occasionally through the trachea. Owing to the recent advances in medicine, a number of bronchoscopes have been introduced. Flexible bronchoscopes have been introduced to diagnose the diseases in trachea and the bronchi. Due to their different advantages, they are widely accepted throughout various countries and regions. The global bronchoscope market is majorly driven by increasing prevalence of respiratory tract diseases for instant, lung cancer and COPD, increasing number of bronchoscopies procedures, and increasing preference for minimally invasive procedures. According to the WHO (World Health Organization), in 2015, 64 million people have chronic obstructive pulmonary disease (COPD), whereas, over 3 million people died of COPD. Additionally 1.8 million people across the globe were suffering from lung cancer. Increasing number of healthcare organization and patient inflow have boosted the number of bronchoscopy procedures. Moreover, increasing geriatric population, increasing healthcare expenditure, and changing environmental condition have fuelled the growth of the market over the review period. However, high cost of the devices and risk of infection may slow the growth of the market.

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The market for bronchoscopes 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.

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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Key Players for Global Bronchoscopes Market

Some of the major players in this market are: 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).

TABLE OF CONTENTS

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Definition…………………………………………………………………….……………………14

2.2 Scope Of Study……………………………………………….………….………………………14

2.3 Research Objective……………………………………………………………..………………14

2.4 Assumptions & Limitations……………………………………………………………………..15

2.4.1 Assumptions……………………………………………………………………………15

2.4.2 Limitations………………………………………………………………………………15

2.5 Market Structure…………………………………………………………………………………15

3  RESEARCH METHODOLOGY

3.1 Primary Research Methodology……………………………………………………………….17

 

3.2 Secondary Research Methodology……………………………………………………………18

3.3 Market Share Analysis………………………………………………………………………….19

3.4 Market Pricing Approach……………………………………………………………………….19

4  MARKET DYNAMICS

4.1 Introduction………………………………………………………………………………………20

4.2 Drivers…………………………………………………………………………………………….21

4.2.1 Increasing Prevalence Of Respiratory Tract Diseases……………………………….21

4.2.2 Increase In Preference For Minimally Invasive Procedures…………………………22

4.2.3 Increasing Number Of Bronchoscopies Procedures…………………………………23

4.3 Restraints…………………………………………………………………………………………24

4.3.1 High Cost Of The Bronchoscopes………………………………………………………24

4.3.2 Increasing Incident Of Infection By Bronchoscopes…………………………………25

4.4 Opportunities…………………………………………………………………………………….26

4.4.1 Increasing Adoption Of Bronchoscopes………………………………………………26

4.5 Mega Trends……………………………………………………………………………………..26

4.5.1 Adoption Of Video Technology…………………………………………………………26

4.6 Macroeconomic Indicators……………………………………………………………………..26

4.7 Technological Trends……………………………………………………………………………27

4.7.1 Incorporation Of The Auto Fluorescence Imagining And Narrow Band Imaging In Bronchoscopes…………………………………………………………………………27

5  MARKET FACTOR ANALYSIS

5.1 Supply Chain Analysis………………………………………………………………………….28

5.1.1 Raw Material……………………………………………………………………………29

5.1.2 Supplier…………………………………………………………………………………29

5.1.3 Manufacturer……………………………………………………………………………31

5.1.4 Distributor………………………………………………………………………………31

5.1.5 Customer…………………………………………………….…………………………31

5.1.6 Consumer………………………………………………………………………………32

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.

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