Bronchoscopes Market 2019 – Global Size, Share, Growth, Investment Opportunity Analysis and Technological Trends By 2023
Bronchoscopes Market Information, By Types (Rigid Bronchoscopes, Flexible Bronchoscopes), Application (Diagnosis (Examination, Tissue Specimen for Biopsy), Surgical Procedure), End User (Hospitals & Clinics, Diagnostic Centers) – Global Forecast till 2023
pune, India – June 12, 2019 /MarketersMedia/ —
The global bronchoscopes market has been growing pervasively, mainly due to the prominence that this device has acquired in diagnose and examination processes. Due to the recent advancements in medical science, a number of bronchoscopes have been introduced. Moreover, the wide uptake of bronchoscopes led by its advantages escalates the market on the global platform.
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Market Research Future (MRFR) in its recently published analysis, confirms that the global Bronchoscopes market would reach USD 2,244.4 MN by 2023, registering a CAGR of 7.4% throughout the forecast period (2014-2023). The increasing prevalence of respiratory tract diseases, lung cancer, and COPD predominantly drives the growth of the market.
The increasing number of diagnosis, examination, and surgical process alongside the growing preference for minimally invasive procedures drives the global bronchoscope market, majorly.
Additional factors, such as the increasing number of healthcare organizations and patient inflow, have been boosting the growth of the market, increasing the number of bronchoscopy procedures. Also, factors such as the increasing geriatric population and rising healthcare expenditure are fuelling the growth of the market.
Conversely, the high cost of the devices is a key factor that is impeding the growth of the market. Also, the risk for infection associated with bronchoscopes is challenging the healthcare industry.
Bronchoscopes are one of the most commonly used instruments in hospitals and if not cleaned properly can put patients at risk of infection and can come with a hefty price tag for organizations that reprocess them for use on other patients.
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Global Bronchoscopes Market – Segments
For a better understanding, the report has been segmented into four key dynamics: –
By Types : Rigid Bronchoscopes and Flexible Bronchoscopes (Fiber Optic Bronchoscopes and Video Bronchoscopes).
By Application : Diagnosis (Examination and Tissue Specimen for Biopsy) and Surgical Procedure (Removal of a Foreign Object in the Airway, Lung Abscess, Laser Resection of Tumors, Stent Insertion, Tracheal Intubation, Percutaneous Tracheostomy, and others.), among others.
By End-users : Hospitals, Clinics, and Diagnostic Centers, among others.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global Bronchoscopes Market – Regional Analysis
North America heading with the increasing government support for research & development, leads the global Bronchoscopes market. Factors such as the presence of a huge patient population and well-developed healthcare sector alongside the high healthcare spending foster the growth of the market.
The US, among other North American countries, backed by the increasing healthcare spending, heads the regional market. The North America bronchoscopes market is expected to reach USD 868.7 MN by 2023, registering over 7.4 % CAGR during the forecast period.
The bronchoscopes market in the European region accounts for the second largest market, globally. Factors such as high healthcare spending and the presence of a well-developed healthcare sector drive the growth of the regional market.
Furthermore, factors such as the rising government support for the R&D activities in the life science domain are substantiating the growth of the market in the region. Led by the increasing prevalence of respiratory diseases, the bronchoscopes market in Europe is expected to grow at a CAGR of 6.9% throughout the forecast period.
The Asia Pacific bronchoscopes market is emerging as a profitable market globally. Factors that are fostering the growth of the regional market include significant advancements in the field of biotechnology and the increasing government support for the R&D activities required for the development of bronchoscopes.
Additionally, rising healthcare expenditure and rapidly increasing awareness about the availability of the treatment are some of the factors driving the growth in the regional market.
Bronchoscopes Market – Competitive Analysis
Widely expanded, the Bronchoscopes market appears to be highly competitive due to the presence of numerous primary and small players operating at the international level around the globe. The market will witness fierce competition due to the expected extensions in product & service and product innovations. Manufacturers operating in the Bronchoscopes market strive to develop the devices with adept technology and unrivaled design and features.
Major Players:
Key players leading the global bronchoscopes market include Boston Scientific Corporation (US), Ambu Inc. (US), Cogentix Medical (US), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Pentax Medicals (Japan), Schindler Endoskopie Technologie Gmbh (Germany), KARL STORZ GmbH & Co. KG (Germany), Schölly Fiberoptic Gmbh (Germany), Hangzhou EndoTop Medi-Tech Co., Ltd.(China), Vimex Sp. (Poland), LocaMed (UK), and Guangzhou MeCan Medical Limited (China) among others.
Industry/ Innovation/ Related News
May 17, 2019 —- Body Vision Medical LTD. (Israel), a leading global manufacturer medical device specializing in augmented real-time imaging, artificial intelligence and intra-body navigation announced the receiving of the clearance from the US FDA to market its LungVision™ 2.0 System that is used through the standard bronchoscopes to allow access of any endotherapy accessories to small pulmonary nodules.
The new release of LungVision System features real-time tool-in-lesion confirmation combined with seamless integration of LungVision Tool, a disposable lung navigation catheter with superb maneuverability.
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