Overview and Scope
A bronchoscope refers to a medical device that is used to visualize the inside of the lungs and airways. It is a flexible or rigid tube that has a camera and a light source at its tip, which allows a physician to see the walls of the trachea, bronchi, and bronchioles. Bronchoscopes are used for both diagnostic and therapeutic purposes, such as biopsy tissue, remove foreign objects, or perform various medical procedures in the airways.
Sizing and Forecast
The bronchoscope market size has grown rapidly in recent years. It will grow from $2.74 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing awareness and acceptance, medical training and education, clinical applications and endobronchial interventions, demand for minimally invasive techniques, aging population dynamics.
The bronchoscope market size is expected to see rapid growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising respiratory disorders, growing aging population, demand for minimally invasive procedures, advancements in robotics, focus on early diagnosis. Major trends in the forecast period include miniaturization and portability, focus on patient safety and comfort, augmented reality (ar) and navigation systems, telemedicine and remote guidance, disposable bronchoscopes.
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Segmentation & Regional Insights
The bronchoscope market covered in this report is segmented –
1) By Type: Rigid Bronchoscopes, Flexible Bronchoscopes
2) By Usability: Reusable Bronchoscopes, Disposable Bronchoscopes
3) By Application: Diagnosis, Treatments
4) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the bronchoscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bronchoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in the prevalence of respiratory tract disorders is expected to propel the growth of the bronchoscope market going forward. Respiratory tract disorders are medical conditions that affect the respiratory system. It includes asthma, chronic obstructive pulmonary disease, pneumonia, bronchitis, cystic fibrosis, pulmonary fibrosis, and lung cancer. Bronchoscopy is a diagnostic and therapeutic tool that can be used to evaluate and treat a variety of respiratory tract disorders; thus the rise in the prevalence of respiratory tract disorders leads to an increase in the bronchoscope market. For instance, in 2021, according to the report published by the National Center for Health Statistics, a US-based government agency that provides statistical information to guide actions and policies to improve the public health of the American people, the cause of deaths per 100,000 population in the US was 42.9 due to chronic lower respiratory diseases (including asthma) deaths as compared to 36.4 in 2020 which translates to 17.8% increase. Thus, the rise in the prevalence of respiratory tract disorders is expected to boost the bronchoscope market.
Key Industry Players
Major companies operating in the bronchoscope market report are Ambu A/S, Boston Scientific Corporation, Cogentix Medical Inc., Cook Medical LLC, Fujifilm Holdings Corporation, Hoya Corporation, Karl Storz Endoscopy SE & Co. KG, Olympus Corporation, PENTAX Medical, Richard Wolf GmbH, Teleflex Incorporated, EFER Endoscopy Srl, Lymol Medical Corporation, Schindler Endoskopie Technology GmbH, Schölly Fiberoptic GmbH, Uptake Medical B.V., Broncus Medical Inc., Novatech SA, Shanghai AoHua Photoelectricity Endoscope Co. Ltd., Rochling Group, Stryker Corporation, Smith & Nephew Inc., NeoScope Inc., Bryan Corporation, CONMED Corporation, Laborie Medical Technologies Corp., Envision Endoscopy Inc., SonoScape Medical Corp., Verathon Inc., Medtronic plc
The bronchoscope market report table of contents includes:
1. Executive Summary
2. Bronchoscope Market Characteristics
3. Bronchoscope Market Trends And Strategies
4. Bronchoscope Market – Macro Economic Scenario
5. Global Bronchoscope Market Size and Growth
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31. Global Bronchoscope Market Competitive Benchmarking
32. Global Bronchoscope Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bronchoscope Market
34. Bronchoscope Market Future Outlook and Potential Analysis
35. Appendix
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