Bronchoscopes Market Research Report Information, By Types (Rigid Bronchoscopes, Flexible Bronchoscopes), Application (Diagnosis (Examination, Tissue Specimen for Biopsy), Surgical Procedure), End User (Hospitals & Clinics, Diagnostic Centers) - Forecast till 2030

Bronchoscopes Market Overview

The Bronchoscopes Market is anticipated to reach USD 3.8 Billion by 2030 at 10.1% CAGR during the forecast period 2022-2030. 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 market of bronchoscopes 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.

Several crucial aspects contribute to the growth of the bronchoscope market. These factors include the increasing frequency of respiratory tract problems, particularly for the identification of lung cancer and chronic obstructive pulmonary disease (COPD). Additionally, the rising number of bronchoscopy operations being performed and the expansion of medical organizations also play a significant role in driving market demand.

The market is primarily driven by the increase in respiratory illnesses, advancements in government regulations, and the expansion of the aging population. The growth of the bronchoscopes market size is driven by the increasing emphasis on using invasive treatments and the rising number of distinct operations. In addition to these advantages, the absence of cross-contamination, cost-effectiveness in reprocessing, and improved availability contribute to the market expansion of bronchoscopes.

March 2023: According to Noah Medical, the pioneering manufacturer, their robotic guided bronchoscopy system has been given 510(k) clearance by the FDA to help in the diagnosis of patients with lung cancer. The announcement claims that the Galaxy System's suite of cutting-edge imaging tools can provide physicians with real-time updates on the location of potential malignant lesions, the majority of which are said to be located on the lung's periphery and thus be difficult to catch during a biopsy. The system's imaging capabilities include of a four-way bronchoscope articulation, an always-on bronchoscope camera, and tool-in-lesion technology that combines tomosynthesis and enhanced fluoroscopy.

COVID 19 ANALYSIS 

It has been marked that before COVID and the improvement lockdown and shutdown, the market of bronchoscopes 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 device 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. 

Bronchoscopes 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 market drivers of the 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 market expansion of bronchoscopes.


• 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 market share of bronchoscopes 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. Flexible devices of bronchoscopes are of high cost because they are insignificantly used for improving their efficiency and their versatility.

Bronchoscopes Market SEGMENTATION

By type- based on the segmentation type, it has been marked that the market of bronchoscopes 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 market of bronchoscopes is segmented into diagnosis and surgical procedures. Based on end-users the industry is differentiated into hospitals, clinics, and medicals. Based on region, the market of bronchoscopes is divided into North America, Europe, Asia-Pacific, and many more. as per the type, the market of bronchoscopes 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.