Global Bronchoscopes Market was valued at USD 17.89 billion in 2020 and is expected to reach USD 27.48 billion by 2026. The Bronchoscopes Market is growing at an immense growth owing to the factors such as the rising prevalence of respiratory diseases such as tuberculosis, rising cases of chronic obstructive pulmonary diseases (COPD), increasing prevalence of lung cancers, active participation of the key companies, expanding product development activities, among several others. Some of the key companies in the Bronchoscopes Market include Boston Scientific Corporation, Ambu Inc, Olympus, Richard Wolf GmbH, Karl Storz, FUJIFILM Corporation, PENTAX Medical (HOYA Corporation), Teleflex Incorporated, Innovex Medical Co., Ltd, Zhuhai Seesheen Medical Technology, EMOS Technology GmbH, Optomic, Clarus Medical, The Surgical Company, Hunan Vathin Medical Instrument, Aohua Endoscopy, Verathon, Lymol Medical, Novatech SA, NeoScope Inc, and others.
DelveInsight’s “Bronchoscopes Market Forecast” Report provides the current and forecasted Bronchoscopes Market trends for the next five years, upcoming innovations in the devices, individual market shares, challenges, drivers & barriers, and key competitors in the market.
A Bronchoscope is a device that is used for the visualization of the internal anatomy of the lungs. It is used for therapeutic purposes in respiratory diseases. Over the years the demand for Bronchoscopic biopsy has grown immensely and it is one of the most reliable methods for diagnosing EBTB. In lung cancer, Bronchoscopic biopsy techniques are used to diagnose cancer and its stages.
COPD and its exacerbations result in airflow limitation, hyperinflation, and reduced gas exchange which are often treated with devices such as endobronchial valves (EBV), endobronchial stents, and endobronchial coils (EBC) that are placed using bronchoscopes to open up the restricted airway. As per DelveInsight, the COPD prevalence in the 7MM is expected to increase during the forecast period, thereby influencing the demand for the bronchoscope.
In adult pulmonary medicine, the fiberoptic bronchoscope has evolved as one of the most commonly used diagnostic instruments. Fiberoptic bronchoscopy helps physicians to evaluate the breathing passages (airways) of the lungs. Fiberoptic bronchoscopy is performed for diagnostic purposes to find out more about a problem, or for therapeutic reasons.
Bronchoscopes Market Assessment report by DelveInsight provides an in-depth analysis of the product segmentation by product type, flexibility, usability, end-user, and geography. Bronchoscopes by product type are segmented as Rigid Bronchoscopes, Flexible Fiber Bronchoscopes, Flexible Video Bronchoscopes, and Mobile Bronchoscopes. By flexibility, it is divided into Flexible Bronchoscopes and Rigid Bronchoscopes, while as per the Usability types it is segmented as Single-Use Bronchoscopes and Reusable Bronchoscopes. As per the Usability types, the single-use disposable bronchoscope has several advantages as it reduces the risk of cross-infection.
Single-use bronchoscopes hold a massive chunk of the market share as compared to Reusable Bronchoscopes. Single-use Bronchoscopes Market Share is growing at a significant rate due to the high advantage over reusable bronchoscopes. In the flexibility segment types, flexible bronchoscopes are estimated to hold a higher share in the Bronchoscopes Market during the forecast period (2021-2026) owing to the specific features associated with these devices.
The Bronchoscope Market is very vast as several bronchoscope manufacturers are available across different geographies, which makes it one of the most competitive domains in the MedTech segment. Olympus is one of the leading bronchoscope manufacturers in the market. Olympus Bronchoscope is one of the most common Bronchoscopes available on the market with several advanced features. Olympus bronchoscope is designed to examine a patient for lung infections, pneumonia, and lung cancer.
Bronchoscopes Market Insights and Trends
The rising prevalence of respiratory diseases such as tuberculosis (TB) is one of the major factors for the Bronchoscopes Market growth. As per WHO, in 2020. approximately 10 million people were infected with tuberculosis across the globe, and 1.5 million people lost their lives. It is observed that bronchoscopy is often recommended in patients as a confirmatory test with a negative smear test result for suspected tuberculosis. Additionally, bronchoscopic procedures are considered to be less invasive therapeutic strategies than conventional surgery in the management of TB-related stenosis. Therefore, due to the increasing prevalence of tuberculosis, the demand for bronchoscopes is set to witness growth in the coming years.
Apart from tuberculosis, the rising prevalence of lung cancer is another key factor driving the growth of the Bronchoscopes Market. According to a study by GLOBOCAN, in 2020, lung cancer was the second most diagnosed cancer type across the globe. Moreover, it was also the leading cause of death among all types of cancer. It has been established that bronchoscopy is the primary procedure conducted in order to collect a biopsy sample for the diagnosis of lung cancer. Moreover, bronchoscopy has proven to be helpful in detecting precancerous lesions associated with lung cancer, thereby helping in the early cancer diagnosis. Hence, the rising prevalence of lung cancer, as well as the benefits of bronchoscopy in lung cancer diagnosis, are expected to contribute to the growing demand for bronchoscopes.
In addition to the rising prevalence of chronic diseases, technological advancements in the field of bronchoscopy and the growing interest of the global MedTech giants are also expected to drive the growth of the Bronchoscopes Market. However, some of the factors, such as complications associated with bronchoscopy and the risk of infection associated with reusable Bronchoscopes, may hinder the Bronchoscopes Market demand and thereby the growth.
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Bronchoscopes Market Assessment
As per DelveInsight, North America is anticipated to dominate the global Bronchoscopes Market and is expected to hold the largest share during the forecast period.
Some of the key factors such as the rising prevalence of chronic obstructive pulmonary disease and the increasing prevalence of various cancers, including lung cancers, are expected to significantly influence the Bronchoscopes Market in the coming years. As per CDC, as of 2021, in the United States, nearly 16 million people suffer from the chronic obstructive pulmonary disease (COPD) and variations associated with it, such as chronic bronchitis and emphysema. Moreover, according to the American Lung Association (2018), approx. 156,000+ people succumbed to COPD in the United States, making it the fourth overall leading cause of death behind heart disease, cancer, accidents, and unintentional injuries.
Additionally, the presence of a large patient population, encouraging reimbursement policies as well as new product launches, increased emphasis on product development activities, and the high interest of device manufacturers in accessing local markets, rising government initiatives, a high disposable income, sophisticated healthcare infrastructure, and increased awareness regarding disease progression and new treatments will also drive the Bronchoscopes Market growth in this region.
Interested in knowing how the Bronchoscopes Market will be growing by 2026? Click to get a snapshot @ Bronchoscopes Market Trends and Developments
Bronchoscopes Market – Recent Breakthroughs & key Innovations
Over the years, the Bronchoscopes Market has evolved immensely due to technological advancement and the active participation of the global MedTech players in the domain.
Here are a few of the major Breakthroughs & key Innovations in the Bronchoscopes Market –
- In August 2021, Boston Scientific Corporation received product approval from the US Food and Drug Administration for their EXALT Model B Single-Use Bronchoscope.
- In April 2021, Olympus announced the launch of their new line of five single-use bronchoscopes in the global markets.
- In June 2021, the US Food and Drug Administration approved Ambu Inc.’s single-use bronchoscope and sample collection system.
As per DelveInsight, the ongoing clinical and commercial developments will contribute immensely to the Bronchoscopes Market in the coming years.
Key Players In the Bronchoscopes Market
Some of the Bronchoscopes companies operating in the market include Boston Scientific Corporation (NYSE: BSX), Ambu Inc (CPH: AMBU-B), Olympus (TYO: 7733), Richard Wolf GmbH, Karl Storz, FUJIFILM Corporation (TYO: 4901), PENTAX Medical (HOYA Corporation (TYO: 7741)), Teleflex Incorporated (NYSE: TFX), Innovex Medical Co., Ltd (XKON: 279060), Zhuhai Seesheen Medical Technology Co., EMOS Technology GmbH, Optomic (NASDAQ: OCC), Clarus Medical LLC, The Surgical Company., Hunan Vathin Medical Instrument Co., Ltd., Aohua Endoscopy Co., Ltd (SHA: 688212), Verathon, Inc., Lymol Medical, Novatech SA (EPA: MLNOV), NeoScope Inc, and others. Due to the very high growth rate and positive return, several new players are expected to enter the Bronchoscopes Market in the coming years, making it one of the most competitive domains in the healthcare sector.
Learn how new players’ entries will transform the Bronchoscopes Market in the coming years @ Bronchoscopes’ Competitive Landscape.
Covid-19 Impact on Bronchoscopes Market
Globally, along with sectors, Covid-19 has a deep impact on the healthcare industry as well. To curb the spread of Covid-19, countries across the globe have imposed severe restrictions. However, the impact of the COVID-19 pandemic on the Bronchoscopes Market was neutral. Several organizations, health authorities, and healthcare settings have issued guidelines regarding the conducting of bronchoscopy in patients with respiratory illnesses. The use of Bronchoscopy was restricted in patients with a positive COVID-19 test result as there is the generation of aerosols during bronchoscopy, which may put other patients and healthcare workers at risk. However, bronchoscopy was deemed an essential procedure in events of complications such as atelectasis or hemoptysis, issues with mechanical ventilation, and to rule out complications associated with COVID-19. Therefore, the market for bronchoscopes maintained a neutral growth rate during the COVID-19 pandemic.
To gain a better understanding of potential new entrants in the market, competitive dynamics, and attractiveness of the Bronchoscopes Market, connect with us to get Bronchoscopes Porter’s Five Forces Analysis
Scope of the Bronchoscopes Market Report:
- Geography Covered: Global
- Study Period: 2018-2026
- Bronchoscopes Market By Product Type – Rigid Bronchoscopes, Flexible Fiber Bronchoscopes, Flexible Video Bronchoscopes, and Mobile Bronchoscopes
- By Flexibility – Flexible and Rigid
- By Usability – Single-Use and Reusable
- By End User – Hospitals, Specialty Clinics, and Others
- By Geography – North America, Europe, Asia-Pacific, and Rest of the World.
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Table of Contents
|3||Regulatory and Patent Analysis|
|4||Bronchoscopes Market Key factors analysis|
|5||Bronchoscopes Porter’s Five Forces Analysis|
|6||COVID-19 Impact Analysis on Bronchoscopes Market|
|7||Bronchoscopes Market Layout|
|8||Bronchoscopes Global Company Share Analysis – Key 3-5 Companies|
|9||Bronchoscopes Product Profiles and Key Companies|
Reach out to us to get a more detailed overview of the Bronchoscopes Regulatory & Patent Analysis.
Key Takeaways From the Bronchoscopes Market Report Study
- In-depth analysis of the Bronchoscopes Market size, share, and key trends.
- Comprehensive analysis of current Bronchoscopes Market size (2020), and market forecast for 5 years (2021-2026)
- The effect of the COVID-19 pandemic on the Bronchoscopes Market is significant. To capture and analyze suitable indicators, our experts are closely watching the Bronchoscopes Market.
- Top key product/services/technology developments, mergers, acquisitions, partnerships, joint ventures happened over the last 3 years
- Key companies dominating the Global Bronchoscopes Market.
- Various opportunities are available for the other competitors in the Bronchoscopes Market space.
- What are the top-performing segments in 2020? How these segments will perform in 2026.
- Which are the top-performing regions and countries in the current Bronchoscopes Market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Bronchoscopes Market growth in the coming future?
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