Global Bronchoscopes Market, By Type (Rigid, Flexible), Application (Bronchial Diagnosis, Bronchial Treatment), Use (Reusable, Disposable), End-User (Hospitals, Clinics, Ambulatory Surgical Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Bronchoscopes Market
Global bronchoscopes market is set to rise from its initial estimated value of USD 17.18 billion in 2018 to an estimated value of USD 32.05 billion in 2026, registering a CAGR of 8.10% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing prevalence of respiratory disorders and the need for diagnosis of these disorders.
Market Definition: Global Bronchoscopes Market
Bronchoscopy is the process of diagnosing or treatment of disorders associated with airways. This method allows the surgeon or the diagnostic individual to look for any abnormalities in the airway of the individual. Bronchoscopes are the instruments used for this process and it even allows the doctor to treat the abnormalities or take a sample of any abnormalities for the diagnosis.
- Rising prevalence of respiratory disorders and the need for proper diagnosis of these disorders is expected to drive the market growth
- Technological advancements and developments in the market is also expected to drive the market growth
- Lack of skilled and knowledgeable professionals in the market is also expected to restrain the market growth
- Higher cost of devices and chances of infection associated with the usage of reusable bronchoscopes is also expected to restrain the market growth
Market Segmentation: Global Bronchoscopes Market
- By Type
- Rigid Bronchoscopes
- Flexible Bronchoscopes
- By Application
- Bronchial Diagnosis
- Bronchial Treatment
- By Use
- By End-User
- Ambulatory Surgical Centers
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In November 2016, EFER ENDOSCOPY announced the launch of EFER-SUPERGLASS stents for EFER-DUMON stent instruments. These stents are aimed at decreasing any friction, and increase the flow of organic secretions.
- In December 2018, Olympus Corporation announced that it had received US Food and Drug Administration approval for Spiration Valve System used for the treatment of emphysema. The device has been granted the status of breakthrough medical device for its revolutionary approach of improving breathing by isolating the diseased lung part and stopping the air to flow to that part and rather let the other portion of the lungs to function properly. This system is employed during a bronchoscopic procedure
Competitive Analysis: Global Bronchoscopes Market
Global bronchoscopes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bronchoscopes market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Bronchoscopes Market
Few of the major competitors currently working in the bronchoscopes market are Teleflex Incorporated, Olympus Corporation, Ambu A/S, KARL STORZ SE & Co. KG, FUJIFILM Corporation, Boston Scientific Corporation, Cogentix Medical, Lymol Medical, EFER ENDOSCOPY, SCHÖLLY FIBEROPTIC GMBH, PENTAX Medical, Uptake Medical, SCHINDLER ENDOSKOPIE TECHNOLOGIE GmbH, Vimex Sp. z o.o., HANGZHOU ENDOTOP MEDI-TECH CO.LTD., Richard Wolf GmbH, SOPRO-COMEG GmbH, Endoservice GmbH, Animus Beyford Trading SL, and Novatech SA.
Research Methodology: Global Bronchoscopes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report:
- Current and future of global bronchoscopes market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)