The Bronchoscope Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bronchoscope Global Market Report 2024, 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.
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.
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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
Major companies operating in the bronchoscope market are developing new products such as single use bronchoscopes to gain a competitive edge in the market. Single-use bronchoscopes are medical devices designed for a one-time, disposable application in bronchoscopy procedures. For instance, in April 2021, Olympus Corporation, a Japan-based optics and reprography products company, launched the H-SteriScope Single-Use Bronchoscopes in the U.S. This new line consists of five premium endoscopes designed for advanced diagnostic and therapeutic procedures. The H-SteriScope bronchoscopes offer flexibility and choice to physicians conducting procedures such as tissue biopsy and foreign body retrieval. These single-use bronchoscopes are part of Olympus’s commitment to complement its product portfolio with disposable endoscopes to address specific procedure requirements, urgent procedure preparation, and improved workflow. The new line includes models with varying outer diameters and working channels, along with features comparable to traditional bronchoscopes, such as rotary function and tip angulation. The H-SteriScopes aim to enhance workflow, productivity, and patient care by offering convenient, portable, and premium disposable bronchoscopes.
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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26. South America Bronchoscope Market
27. Brazil Bronchoscope Market
28. Middle East Bronchoscope Market
29. Africa Bronchoscope Market
30. Bronchoscope Market Competitive Landscape And Company Profiles
Top Major Players:
- Ambu A/S
- Boston Scientific Corporation
- Cogentix Medical Inc
- Cook Medical LLC
- Fujifilm Holdings Corporation
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