Bronchoscope Market

SKU: DMMD1121 | Last Updated On: Sep 22 2022 | Available Formats

> Bronchoscope Market Expected to reach a high CAGR 6.4% By 2029

Bronchoscope Market By Product Type (Rigid, Flexible (Video, Fibreoptic), Hybrid), By Usage (Reusable, Disposable, others), By Application (Bronchial Diagnosis, Bronchial Treatment), By End-User (Hospitals, Outpatient Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,2022-2029

[150 Pages Report] Bronchoscope Market is expected to reach at a high CAGR 6.4% during the forecast period (2022-2029).

Bronchoscope Market - Strategic Insights

Metrics

Details

Market CAGR

6.4%

Segments Covered

By Product Type, By Usage,  By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • A bronchoscope is an endoscopic device primarily used for diagnosing and treating disorders associated with airways like blockages, chronic obstructive pulmonary disorder (COPD), bronchopulmonary hemorrhage, tumors, airway stenosis, and inflammatory conditions and to study the inner pathways of lungs. This process is known as bronchoscopy.
  • Bronchoscopes are introduced from the mouth or nose and sometimes through tracheostomy to observe distal branches of the bronchi. It is an important tool for the evaluation and management of airway diseases. It can be used to find the cause of troubled breathing and long-term cough. Bronchoscopes are used to treat cancer of the airway using radioactive materials by taking tissue sample when other tests, such as CT scan or X-ray show problem with lung or with lymph nodes in the chest.
  • According to Cancer Research UK, around 46,400 new cases of lung cancer are diagnosed each year. Furthermore, according to the American Cancer Society, over 234,030 new cases of lung cancer were diagnosed in the U.S. at the end of 2018. Increasing cases of various respiratory diseases globally are positively increasing the demand for bronchoscopes. According to the World Health Organization (WHO), over 3 million people die from COPD every year.

Market Dynamics

  • The major factors driving the market are increasing the prevalence of chronic respiratory diseases due to excessive smoking and pollution, a growing number of endoscopic surgeries, technological advancements in bronchoscopes from invasive procedures to minimally invasive and advanced devices, and an increasing geriatric population.
  • According to the United Nations, Department of Economic and Social Affairs, Population Division, globally, the population aged 60 and above is growing at a fast pace than all younger age groups. People who are 60 or above account for over 10%, which is likely to rise over 20% by 2050. According to the World Population Prospects 2017, the aged population is expected to be more than double by 2050, which accounts for 2.1 billion. The rapid rise in geriatric population is leading to an increase in the adoption of bronchoscopes as people aged above 60 years are at a high risk of developing lung disorders. According to WHO, among people aged 60 years and above, 22.6 per 100,000 have chronic respiratory disease, which was the fifth major cause of death among the geriatric population, and it has been on the rise.
  • Lack of skilled and knowledgeable professionals, higher cost of devices, and chances of infection associated with the use of reusable bronchoscopes are going to restrain the market in the forecast period.

Market Segmentation

  • The global bronchoscopes market is segmented by type as rigid and flexible. Flexible bronchoscopes are further bifurcated into video, fibreoptic, and hybrid. Based on usage, as reusable and disposable devices, by application as bronchial diagnosis and bronchial treatment and by End-User into Hospitals, Outpatient Centers, and Others.
  • Flexible bronchoscopes have high video quality and narrow size, which enters deeper parts of the lumen. It employs flexible optical cables that tend to 180 degrees and enables real-time video recording. The fibreoptic sub-segment has many benefits such as high-quality videos, which results in easy identification of tumors and infections in deeper levels of bronchioles. According to American Lung Association, recovery time after flexible bronchoscopy is significantly lesser as compared to rigid bronchoscopy as they are less invasive, hence they are going to dominate the market over the period of the forecast as they are convenient to both doctors and patients. EndoSheath Bronchoscopy by Cogentix Medical, bronchoscope series by Fujifilm, and Teleflex Incorporated are a few of the common flexible bronchoscope brands that are widely used globally.

Geographical Share

  • Geographically, the global bronchoscope market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.
  • North America is the most developed market, followed by Europe. Increasing cases of lung cancer make the U.S. and Europe the largest market for bronchoscopes across the world. According to the Centers for Disease Control and Prevention (CDC), around 250,000 people in the U.S. were diagnosed with lung cancer in 2018, and around 500,000 procedures were performed. Furthermore, as per WHO highest lung cancer mortality rate is in Central and Eastern Europe.
  • Asia Pacific market is expected to grow at the highest CAGR over the forecast period. According to the World Cancer Research Fund International, in the year 2018, around 58% of lung cancer cases occurred in the Asia-Pacific region. Also, the prevalence of other respiratory disorders such as COPD, Asthma, bronchitis is also on the rise in the region. The increasing burden of pollution is one of the primary causes of the increase in the prevalence of respiratory diseases. Also, there is an increasing number of global companies that are trying to enhance their global presence by trying to meet the high medical needs in the developing countries of the region. Increasing healthcare spending, improvement in access to healthcare services, and rise in awareness and favorable government policies are anticipated to increase the treatment rate for respiratory diseases thereby increasing the market demand for bronchoscopes.

Competitive Analysis

  • Major key players in the bronchoscopes market are Olympus Corporation, Cogentix Medical, FUJIFILM Holdings Corporation, Teleflex Incorporated, HOYA Corporation, KARL STORZ GmbH, Ambu A/S, Boston scientific, PENTAX Medical Company, and Richard Wolf GmbH.
  • In May 2018, Auris Health, signed a co-operative development and commercialization agreement with NeuWave™ Medical, Inc., for the integration of NeuWave™ Flexible Microwave Ablation. This collaboration with a subsidiary of Ethicon, Inc., and part of the Johnson & Johnson Medical Devices Companies was done to enable robotically assisted bronchoscopic ablation of lesions in the lung
  • In August 2017, the company launched an ultrasound video bronchoscope in combination with Hitachi’s innovative ultrasound systems.
  • In July 2017, Pentax in collaboration with AOHUA acquired C2.

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FAQ

What is the Bronchoscope Market growth?

The market is growing at a CAGR of 6.4%

What is Bronchoscope Market size in 2021

The Bronchoscope Market size was valued at USD YY million in 2021

Who are the key players in Bronchoscope Market?

Olympus Corporation, Cogentix Medical, FUJIFILM Holdings Corporation, Teleflex Incorporated.

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