Bronchoscopes Market Information, By Types (Rigid Bronchoscopes, Flexible Bronchoscopes), Application (Diagnosis (Examination, Tissue Specimen for Biopsy), Surgical Procedure), End User (Hospitals & Clinics, Diagnostic Centers) - Forecast till 2027
ID: MRFR/MED/3069-CR | October 2017 | Region: Global | 153 Pages
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
5.2 Porter’s Five Forces Model……………………………….……………………………………33
5.2.1 Bargaining Power Of Suppliers…………………………………..……………………33
5.2.2 Bargaining Power Of Buyers……………………………………….…………………34
5.2.3 Threat Of New Entrants…………………………………….…………………………34
5.2.4 Threat Of Substitutes………………………………………….………………………34
5.2.5 Intensity Of Rivalry…………………………………………….………………………34
5.3 Investment Opportunity Analysis………………………………………………………………35
5.4 Country Wise Pricing Of Bronchoscopes (Top 7 Countries)…………………..……………35
5.5 Number Of Bronchoscopy Procedures Carried Out Across The Globe (2020-2027) ……36
6 Global Bronchoscopes Market By Type
6.1 Introduction………………………………………………………………………………………37
6.2 Rigid Bronchoscopes……………………………………………………………………………39
6.3 Flexible Bronchoscopes ………………………………………………..………………………40
6.3.1 Fiber Optic Bronchoscopes…………………………..………………………………41
6.3.2 Video Bronchoscopes…………………………………………………………………42
7 Global Bronchoscopes Market By Application
7.1 Introduction………………………………………………………………………………………43
7.2 Diagnosis………………………………………………………...………………………………45
7.2.1. Examination…………………………………………….………………………………45
7.2.1.1 Patient’s Airways………………….……..…………………………………...45
7.2.1.2 Bleeding Lungs………………….……………………………………………45
7.2.1.3 Possibility Of Lung Cancer…….…….………..……………………………..46
7.2.1.4 Chronic Cough………………..……….……………………………………46
7.2.2 Obtain Tissue Specimen For Biopsy…………………………………………………46
7.3 Surgical Procedure………………………………………………………...……………………47
7.3.1 Removal Of A Foreign Object In The Airway……………………………..……………47
7.3.2 Laser Resection Of Tumors……………………………………………………………47
7.3.3 Lung Abscess……………………………………………..……………………………47
7.3.4 Stent Insertion……………………………………………………………….…………47
7.3.5 Percutaneous Tracheostomy…………………………………………………………48
7.3.6 Tracheal Intubation…………………………………………….………………………48
8 Global Bronchoscopes Market By End User
8.1 Introduction………………………………………………………………………………………49
8.2 Hospitals & Clinics………………………………………………………………………………50
8.3 Diagnostic Centers………………………………………………………………………………51
8.4 Others…………………………………………………………………………….………………51
9 Global Bronchoscopes Market, By Region
9.1 Introduction………………………………………………………………………………………52
9.2 Americas………………………………………………………………………………………….54
9.2.1 North America………………………………………………………………………….58
9.2.1.1 U.S. ……………………………………………………………………………60
9.2.1.2 Canada………………………………………………………………………..62
9.2.2 South America………………………………………………………………………….64
9.3 Europe……………………………………………………………………………………………67
9.3.1 Western Europe………………………………………………………………………..72
9.3.1.1 Germany………………………………………………………………………74
9.3.1.2 France…………………………………………………………………………76
9.3.1.3 U.K.……………………………………………………………………………78
9.3.1.4 Italy……………………………………………………………………………80
9.3.1.5 Spain………………………………………………………………………….82
9.3.1.6 Rest Of Western Europe ……………………………………………………84
9.3.2 Eastern Europe………………………………………………………………………..86
9.4 Asia Pacific………………………………………………………………………………………89
9.4.1 Japan……………………………………………………………………………………92
9.4.2 China………………………………………………………………………………...….94
9.4.3 India……………………………………………………………………………………..96
9.4.4 Republic Of Korea……………………………………………………………………..98
9.4.5 Australia……………………………………………………………………………….100
9.4.6 Rest Of Asia Pacific……………………………………………………………………………………..…….102
9.5 Middle East & Africa………………………………………………..………………………….105
9.5.1 Middle East……………………………………………..…………………………….108
9.5.2 Africa…………………………………………………………………………………..110
10 Company Landscape
10.1 Introduction………………………………………………………………………………..……113
10.2 Company Share Analysis………………………………………………………………..……113
10.3 Key Developments……………………………………………………………………….……115
11 Company Profile
11.1 Boston Scientific Corporation…………………………………………………………………117
11.1.1 Company Overview…………………………………………………………………..117
11.1.2 Financials……………………………………………………………………………117
11.1.3 Products……………………………………………………………………………..117
11.1.4 Products……………………………………………………………………………..117
11.1.5 Key Developments………………………………………………………………….117
11.2 Ambu Inc………………………………………………………………………………………118
11.2.1 Company Overview………………………………………………………………...118
11.2.2 Financials……………………………………………………………………………118
11.2.3 Products……………………………………………………………………………..118
11.2.4 Strategy………………………………………………………………………………118
11.2.5 Key Developments………………………………………………………………….118
11.3 Cogentix Medical……………………………………………………………………………..119
11.3.1 Company Overview………………………………………………………………...119
11.3.2 Financials……………………………………………………………………………119
11.3.3 Products…………………………………………………………………………….119
11.3.4 Strategy……………………………………………………………………………..119
11.3.5 Key Developments…………………………………………………………………119
11.4 Fujifilm Holdings Corporation……………………………………………………………….120
11.4.1 Company Overview………………………………………………………………...120
11.4.2 Financials…………………………………………………………………………….120
11.4.3 Products………………………………………………………………………………120
11.4.4 Strategy………………………………………………………………………………120
11.4.5 Key Developments………………………………………………………………….120
11.5 Olympus Corporation………………………………………………………………………...121
11.5.1 Company Overview………………………………………………………………...121
11.5.2 Financials……………………………………………………………………………121
11.5.3 Products……………………………………………………………………………..121
11.5.4 Strategy………………………………………………………………………………121
11.5.5 Key Developments………………………………………………………………….121
11.6 PENTAX Medical…………………………………………………………………………….122
11.6.1 Company Overview………………………………………………………………...122
11.6.2 Financials……………………………………………………………………………122
11.6.3 Products……………………………………………………………………………...122
11.6.4 Strategy………………………………………………………………………………122
11.6.5 Key Developments………………………………………………………………….122
11.7 KARL STORZ GmbH & Co. KG……………………………………………………………123
11.7.1 Company Overview………………………………………………………………...123
11.7.2 Financials……………………………………………………………………………123
11.7.3 Products……………………………………………………………………………..123
11.7.4 Strategy………………………………………………………………………………123
11.7.5 Key Developments………………………………………………………………….123
11.8 Richard Wolf GmbH………………………………………………………………………….124
11.8.1 Company Overview………………………………………………………………...124
11.8.2 Financials……………………………………………………………………………124
11.8.3 Products……………………………………………………………………………..124
11.8.4 Key Developments………………………………………………………………….124
11.9 Distributor………………………………………………………………................................125
12 Conclusion
12.1 Key Findings………………………………………………………………............................126
12.1.1 CEO’s Viewpoint……………………………………………………………….........126
12.1.2 Unmet Needs………………………………………………………………...............126
12.1.3 Key Companies To Watch……………………………………………………………126
13 Appendix
13.1 Discussion Blue Print………………………………………………………………................127
13.2 References………………………………………………………………...............................129
14 List Of Tables
TABLE 1 Primary Interviews………………………………………………………………..................17
TABLE 2 Sample Size Determination Of End-Users (Hospitals, Clinics)………………………….18
TABLE 3 Global Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…………………..38
TABLE 4 Global Rigid Bronchoscopes Market By Region, 2020 To 2027 (USD Million)…………39
TABLE 5 Global Flexible Bronchoscopes Market By Region, 2020 To 2027 (USD Million)……….40
TABLE 6 Global Fiberoptic Bronchoscopes Market By Region, 2020 To 2027 (USD Million)…….41
TABLE 7 Global Video Bronchoscopes Market By Region, 2020 To 2027 (USD Million)………….42
TABLE 8 Global Bronchoscopes Market By Application, 2020 - 2027 (USD Million)………………44
TABLE 9 Global Bronchoscopes Market For Diagnosis By Region 2020 To 2027 (USD Million)…..46
TABLE 10 Global Bronchoscopes Market For Surgical Procedure By Region 2020 To 2027 (USD Million) ………………………………………………………………................................................................48
TABLE 11 Global Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……………….49
TABLE 12 Global Bronchoscopes Market For Hospitals & Clinics By Region, 2020 To 2027 (USD Million) ……………………………………………………………….................................................................50
TABLE 13 Global Bronchoscopes Market For Diagnostic Centers By Region, 2020 To 2027 (USD Million) ……………………………………………………………….................................................................51
TABLE 14 Global Bronchoscopes Market By Region, 2020 To 2027 (USD Million)…………………..53
TABLE 15 Americas Bronchoscopes Market By Country, 2020 To 2027 (USD Million) ………………55
TABLE 16 Americas Bronchoscopes Market Volume, 2020 To 2027 (Unit)……………………………55
TABLE 17 Americas Bronchoscopes Market By Type, 2020 To 2027 (USD Million)………………….55
TABLE 18 Americas Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…………..56
TABLE 19 Americas Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………….57
TABLE 20 North America Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………58
TABLE 21 North America Bronchoscopes Market By Application, 2020 To 2027 (USD Million) …….59
TABLE 22 North America Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………59
TABLE 23 U.S. Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………….60
TABLE 24 U.S. Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………………...61
TABLE 25 U.S. Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………………..61
TABLE 26 Canada Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………62
TABLE 27 Canada Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…………….63
TABLE 28 Canada Bronchoscopes Market By End User, 2020 To 2027 (USD Million) ………………64
TABLE 29 South America Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………64
TABLE 30 South America Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……65
TABLE 31 South America Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………66
TABLE 32 Europe Bronchoscopes Market By Country, 2020 To 2027 (USD Million)………………….68
TABLE 33 Europe Bronchoscopes Market Volume, 2020 To 2027 (Unit)……………………………….68
TABLE 34 Europe Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…………………….69
TABLE 35 Europe Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………….....70
TABLE 36 Europe Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……………….70
TABLE 37 Western Europe Bronchoscopes Market By Type, 2020 To 2027 (USD Million)………….71
TABLE 38 Western Europe Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…..72
TABLE 39 Western Europe Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…….72
TABLE 40 Germany Bronchoscopes Market By Type, 2020 To 2027 (USD Million)………………….73
TABLE 41 Germany Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…………..74
TABLE 42 Germany Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………….74
TABLE 43 France Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…………………….75
TABLE 44 France Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…………......76
TABLE 45 France Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……………….76
TABLE 46 U.K. Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………….77
TABLE 47 U.K. Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………………...78
TABLE 48 U.K. Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………………..78
TABLE 49 Italy Bronchoscopes Market By Type, 2020 To 2027 (USD Million) ………………………..79
TABLE 50 Italy Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…………………80
TABLE 51 Italy Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………………......80
TABLE 52 Spain Bronchoscopes Market By Type, 2020 To 2027 (USD Million)………………………81
TABLE 53 Spain Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……………….82
TABLE 54 Spain Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………………82
TABLE 55 Rest Of Western Europe Bronchoscopes Market By Type, 2020 To 2027 (USD Million)...83
TABLE 56 Rest Of Western Europe Bronchoscopes Market By Application, 2020 To 2027 (USD Million) ……………………………………………………………….................................................................84
TABLE 57 Rest Of Western Europe Bronchoscopes Market By End User, 2020 To 2027 (USD Million) ………………………………………………………………...……………………………………………………...85
TABLE 58 Eastern Europe Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…………..85
TABLE 59 Eastern Europe Bronchoscopes Market By Application, 2020 To 2027 (USD Million)….86
TABLE 60 Eastern Europe Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……..87
TABLE 61 Asia Pacific Bronchoscopes Market By Country, 2020 To 2027 (USD Million)…………….89
TABLE 62 Asia Pacific Bronchoscopes Market Volume, 2020 To 2027 (Unit)………………………….89
TABLE 63 Asia Pacific Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………….89
TABLE 64 Asia Pacific Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……….90
TABLE 65 Asia Pacific Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………….91
TABLE 66 Japan Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………...91
TABLE 67 Japan Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………………92
TABLE 68 Japan Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………………...92
TABLE 69 China Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………...93
TABLE 70 China Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……………….94
TABLE 71 China Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………………94
TABLE 72 India Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………….95
TABLE 73 India Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………………..96
TABLE 74 India Bronchoscopes Market By End User, 2020 To 2027 (USD Million)………………….96
TABLE 75 Republic Of Korea Bronchoscopes Market By Type, 2020 To 2027 (USD Million)………..97
TABLE 76 Republic Of Korea Bronchoscopes Market By Application, 2020 To 2027 (USD Million)...98
TABLE 77 Republic Of Korea Bronchoscopes Market By End User, 2020 To 2027 (USD Million).…99
TABLE 78 Australia Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…………………..99
TABLE 79 Australia Bronchoscopes Market By Application, 2020 To 2027 (USD Million)………….100
TABLE 80 Australia Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……………100
TABLE 81 Rest Of Asia Pacific Bronchoscopes Market By Type, 2020 To 2027 (USD Million)…….101
TABLE 82 Rest Of Asia Pacific Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……………………………………………………………………………………………………………..102
TABLE 83 Rest Of Asia Pacific Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……………………………………………………………………………………………………………..103
TABLE 84 Middle East & Africa Bronchoscopes Market By Region, 2020 To 2027 (USD Million)…………………...…………………………………………………………………………………………105
TABLE 85 Middle East & Africa Bronchoscopes Market Volume, 2020 To 2027 (Unit)……………...105
TABLE 86 Middle East & Africa Bronchoscopes Market By Type, 2020 To 2027 (USD Million) …...105
TABLE 87 Middle East & Africa Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……………………………………………………………………………………………………………...106
TABLE 88 Middle East & Africa Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………………………………………………………………………………………………………...107
TABLE 89 Middle East Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………107
TABLE 90 Middle East Bronchoscopes Market By Application, 2020 To 2027 (USD Million)…….108
TABLE 91 Middle East Bronchoscopes Market By End User, 2020 To 2027 (USD Million)……….108
TABLE 92 Africa Bronchoscopes Market By Type, 2020 To 2027 (USD Million)……………………109
TABLE 93 Africa Bronchoscopes Market By Application, 2020 To 2027 (USD Million)……………..110
TABLE 94 Africa Bronchoscopes Market By End User, 2020 To 2027 (USD Million)…………….....111
15 List Of Figures
FIGURE 1 Market Structure Of Global Bronchoscope Market …………………………………………..15
FIGURE 2 Research Methodology…………………………………………………………………………16
FIGURE 3 Global Bronchoscopes Market: Forecast Model……………………………………………..19
FIGURE 4 Supply Chain Analysis…………………………………………………………………………..28
FIGURE 5 Porters Five Forces Model……………………………………………………………………..33
FIGURE 6 Global Bronchoscopes Market By Type, 2020 & 2027 (USD Million)……………………..37
FIGURE 7 Global Bronchoscopes Market By Application, 2020 & 2027 (USD Million)………………43
FIGURE 8 Global Bronchoscopes Market By End User, 2020 & 2027 (USD Million)………………..49
FIGURE 9 Global Bronchoscopes Market By Region, 2020 (%)………………………………………..52
FIGURE 10 Americas Bronchoscopes Market By Region, 2020 (%)…………………………………….54
FIGURE 11 North America Bronchoscopes Market By Country, 2020 (%)………………………………58
FIGURE 12 Europe Bronchoscopes Market By Region, 2020 (%)……………………………………….67
FIGURE 13 Western Europe Bronchoscopes Market By Country, 2020 (%)……………………………71
FIGURE 14 Asia Pacific Bronchoscopes Market By Country, 2020 (%) …………………………………88
FIGURE 15 Middle East & Africa Bronchoscopes Market By Region, 2020 (%)………………………104
FIGURE 16 Global Bronchoscopes Market: Company Share Analysis, 2020 (%)……………………113
FIGURE 17 Developmental Timeline ………………………………………………………………………115
Bronchoscopes Market
Bronchoscopes have been adopted by various regions and countries where it has become an important part of the medical unit.
$ 3,244.4 Million
Market Size
9.3%
CAGR
North America
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Ambu Inc. (US)
- Boston Scientific Corporation (US)
- Cogentix Medical (US)
- Fujifilm Holdings Corporation (Japan)
- Olympus Corporation (Japan)
- Pentax Medicals (Japan)
- KARL STORZ GmbH & Co. KG (Germany)
Drivers
- Improvement of various policies of the government
- Growth in the aging population
Bronchoscopes Market Overview
The Bronchoscopes market is expected to occupy a market value of USD 2,244.4 million by 2023 and projects at a CAGR of 7.4% during the bronchoscopes market forecast period. It is a method for diagnosing the abnormalities in the breathing system function. Bronchoscopes have been adopted by various regions and countries where it has become an important part of the medical unit. Bronchoscopes are the devices that are to be inserted into the patient’s body i. E into the nose, mouth, and within the trachea thus visualizing the inside body of the patient’s body. An advanced bronchoscope is introduced for diagnosing the disease of the trachea and bronchi. The important factors that help in driving the bronchoscopes market are the rise in prevalence of respiratory tract disorders for detection of lung cancer, COPD, rise in bronchoscopy procedures and rise in the number of medical organizations.
COVID 19 ANALYSIS
It has been marked that before COVID and the improvement lockdown and shutdown, the bronchoscopes market was attaining a top position and was expanding to a high level. Due to the strict regulations put forward by the government and the lockdowns and shutdowns of industries and manufacturers suffered from various hardships like the absence of any manufacturing parts, supply, man force, and many others.
Due to the outbreak of the pandemic, the rise in the aging population and the patient’s inflow was more in medical and clinics which gradually increased the demand for bronchoscopes and raised the bronchoscopes market size. Globally and regionally, all the bronchoscopes industries have taken all the required steps for raising their production and also the supply, which increases the demand for various other products, making it cost-effective to return to its past growth.
MARKET DYNAMICS
- Drivers- in the year 2015, WHO detected that about 64 million people are suffering from COPD(Chronic Obstructive Pulmonary Disease) and about 3 million have died due to COPD and a further 1.8million of the population are suffering from lung cancer. The rise in respiratory disorders and the improvement of various policies of the government and the growth in the aging population are the main drivers of the bronchoscopes market. The rise in giving priority to using invasive procedures and the increase in the number of unique procedures are the important factors promoting the expansion of bronchoscopes market size. Along with it some of the other factors like no cross-contamination, least costs while reprocessing, and increase in availability helps in the expansion of bronchoscopes market size.
- Opportunities- reusing the bronchoscope devices improves the bronchoscopes market share. The flexible bronchoscope is used for multi-usage and cost-effectiveness which are very much useful in clinics and hospitals. This helps in the widespread development of the industry. The single-use bronchoscope is much more effective and is safe for tools to give protection from pathogens, viruses, and bacteria which even cause death in many humans. These are helpful for the detection of diseases like tumors, COPD, cancer of the lungs, and many more. These bronchoscope devices help in the reduction of infection.
- Challenges- bronchoscopes causing various disorders and infection is a main challenging factor for the bronchoscopes industry which hampers the bronchoscopes market trends. The rise in cost coupled with the bronchoscopes and the product recalls is another challenging factor for covering the bronchoscopes market share thus hampering the growth of the industry.
- Cumulative growth- urbanization, rise in investment made by the government. An increase in several healthcare sectors acts as a growth-promoting factor for the industry.
- Restraints- high expenses of the bronchoscopes and the prevalence of the high risk of infection, helps in hindering up the bronchoscopes market share and as well as the bronchoscopes market. Flexible devices of bronchoscopes are of high cost because they are insignificantly used for improving their efficiency and their versatility.
MARKET SEGMENTATION
- By type- based on the segmentation type, it has been marked that the bronchoscopes market is divided into type, use, application, and end-users. Based on the type, the bronchoscopes are classified into flexible and rigid and EBUD bronchoscopes. Based on application, the bronchoscopes market is segmented into diagnosis and surgical procedures. Based on end-users the industry is differentiated into hospitals, clinics, and medicals. Based on region, the bronchoscopes market is divided into North America, Europe, Asia-Pacific, and many more. as per the type, the bronchoscopes market is divided into flexible bronchoscopes and rigid bronchoscopes. A flexible bronchoscope helps in diagnosing the disease in the trachea and bronchi as well. This division is further subdivided into fiber optic bronchoscopes and video bronchoscopes. As per the application, it has been found that the diagnosis market is divided into examination, the bleeding lungs, chronic cough if lung cancer is present, the airways of a patient, and obtaining tissue specimens for biopsy. The surgical procedure is categorized into the removal of a foreign substance present in the airway and lase resection of tumors and many more. Based on end-users, it has been found that the market is classified into hospitals and clinics, diagnostic centers, and many more. Hospitals and clinics hold the largest market CAGR of 49.1%. It has been found that the diagnosis holds the most dominant share of 885.7 million and its projects are at USD 1484.2 million till the forecast period of 2023. According to tot he uses, the bronchoscope industry is classified based on usability by the reusable bronchoscopes and disposable bronchoscope, from all these, the reusable bronchoscope covers a large market share in 2019 for having high quality for imaging. Likewise, the disposable bronchoscope grows at the highest rate and covers a large space.
- By technology- technology led to the discovery of introducing autofluorescence imaging and imaging of narrowband having some of its additional characteristics. The flexible bronchoscope devices are in high demand in various emerging regions and some of the developing countries which give appropriate results and can diagnose diseases in both trachea and bronchi. Technology also led to the discovery of rigid bronchoscope devices and EBUS bronchoscopes which gave appropriate results.
REGIONAL ANALYSIS
Globally and regionally, the presence of high population and spending a huge sum on healthcare and well-developed healthcare sector. In the North American industry, it has been found that more of the investment is made in the healthcare centers whereas it got more support from the government research and its policies. North America is expected to cover a large area of market share during the market forecast period. The United States conducts 500,000 procedures each year. This helps in steering up the bronchoscopes market size. The European bronchoscopes market holds the second largest market share as it has developed healthcare units. Along with this, the people here are spending too much on respiratory diseases and medicals and clinics. The European bronchoscopes market share projects at a CAGR of 6.9% during the forecast period. Due to the rise of awareness about the availability of treatment, the increase in several narrow people here, high patient inflow, and the innumerous rise in healthcare expenditure. The Middle East and African regions contribute to certain limited growth.
RECENT DEVELOPMENTS
- Olympus in May 2014, discovered two unique and new endoscopes which are used for periphery and as small anatomy bronchoscopy. They are named BF-190 and BF-XP 190.
- The flexible endoscope was found to be so much developed. Here in this endoscope, it was found that the video clips help in the transmission of video visuals which helps in monitoring through the scope or wirelessly. This reduces the width of the endoscope.
COMPETITIVE LANDSCAPE
Of all the key players, Olympus was found to be the most dominant bronchoscopes market player as it has used the advanced developments so made and has attained a successful position. These key players used all the latest technology so made and either merged, did partnership or made collaboration with other key players.
REPORT OVERVIEW
The report highlights the transformation of the bronchoscopes market scenario. It gives a good analysis of COVID 19 and also gives information about the bronchoscopes market dynamics and the factors that helped in driving the bronchoscopes market. It also summarises the challenging factors, restraining factors, narrow and the points that promoted cumulative growth in the bronchoscopes industry. It gives information about the innovation made due to the advancement of technology, it gives a good review about the key players operating in the market and the strategies put forward by them to bring growth in the bronchoscopes business sector. It gives information about the recent developments so made and the multiple applications so operated in the bronchoscopes industry.
Frequently Asked Questions (FAQ) :
The Bronchoscopes Market valuation would be USD 2,244.4 million by 2023.
The CAGR of Bronchoscopes Market would be 7.4% for the forecast period (2020-2027).
The segments are rigid bronchoscopes and flexible bronchoscopes.
Diagnosis and surgical procedure are two processes included in the report.
The end users are diagnostic centers, hospitals & clinics, and others.
