Product Code: RP-ID-10128337 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10128337
Market Overview:
Global Video Bronchoscopes Industry Market Research 2022-2030
"The global bronchoscopes market is estimated to be valued at ~USD 18 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of ~9% from 2022-2030. Due to the increase in the prevalence of respiratory diseases, the demand for bronchoscopy has increased, complete reimbursement policies and technological advancements. Bronchoscopy is mainly used to evaluate and treat a variety of respiratory and airway diseases. These devices can detect and diagnose obstruction, chronic obstructive pulmonary disease (COPD), bronchopulmonary hemorrhage, tumors, airway stenosis, and inflammation.
The increasing prevalence of various respiratory diseases is the most important factor that has a positive impact on market growth. According to the World Health Organization (WHO), more than 3 million people die from COPD every year. According to the American Cancer Society, as of the end of 2018, the United States had reported more than 234,030 new cases of lung cancer. In addition, according to the UK Cancer Research Centre, approximately 46,400 new lung cancer cases are diagnosed every year. In addition, according to the International Cancer Research Foundation, approximately 58.0% of lung cancer cases occur in developing countries, which can be attributed to the alarming prevalence of some respiratory diseases. Therefore, the demand for bronchoscopy is expected to increase substantially in the future.
TYPE INSIGHTS:
According to the type, the market is roughly divided into rigid and flexible rates. Flexible bronchoscopes are further subdivided into video, optical fiber and hybrid types. Due to high video quality and significant profitability, the flexible segment occupies the largest share of revenue. Due to the various advantages it provides, such as high-quality video, the optical fiber sub-segment has always dominated the flexible segment, which can easily identify the deeper tumors and infections of the bronchioles. , Flexible bronchoscope is very convenient for doctors and patients. Compared with rigid bronchoscopy, the recovery time after soft bronchoscopy is significantly shorter. In addition, the narrow size of these devices allows for deeper coverage at low lumens.
USAGE INFORMATION:
According to usage, the market is divided into reusable and disposable devices. In terms of revenue, the reusable segment accounted for the largest market share in 2020. Multiple use and cost-effectiveness are the main advantages offered by these devices. Therefore, more than 500 bronchoscopy examinations were performed in one year. This will certainly drive the market at a profitable speed during the forecast period. Disposable devices are likely to be the fastest growing segment of the bronchoscopy market. Affordability is one of the main advantages offered by these devices, especially the ones that have recently been introduced on the market. Compared with the cost of reusable bronchoscopes, medical institutions that perform less than 500 operations per year can save a lot of profits. In addition, factors such as no cross-contamination, instant availability, and no post-processing costs are other factors that promote market growth.
REGIONAL INFORMATION:
North America is the most developed market, followed by Europe. The increase in lung cancer cases and the presence of a large number of mature players are contributing to the growth of this market. The United States is the world's largest bronchoscopy market. These devices are widely used in the country, mainly due to the preferential reimbursement policies of the state and federal governments. As Japan, China and India have ample growth opportunities, the Asia-Pacific market is expected to witness significant growth during the forecast period. Factors such as compulsory health insurance, technological advancement, increased healthcare spending, and an increasing number of global companies seeking to meet the unmet medical needs of these countries are driving market development.
MAJOR COMPANIES AND MARKET SHARE PROSPECTS:
The main strategies adopted by major players include cooperation, mergers and acquisitions, new product launches and partnerships to strengthen their position in the market. For example, in May 2014, Olympus introduced two new endoscopes for peripheral and small anatomical bronchoscopes: BF-190 and BF-XP190 bronchoscopes. Some of the major players in the bronchoscopy market include: Teleflex Incorporated Olympus Corporation Ambu A / s Karl Storz Fujifilm Holdings Corporation Boston Scientific Corporation Cogentix Medical
MARKET SEGMENTS COVERED BY THE REPORT:
The report forecasts global, regional and national revenue growth, and analyzes the latest industry trends and opportunities in each sub-segment from 2022-2030. In this study, Kenneth Research reports on the global bronchoscopy market based on usage, type, and region: Usage outlook (revenue, millions of dollars, 2022-2030) ReusableDisposableType outlook (revenue, millions of dollars,2022-2030) RigidFlexibleVideoFiberopticHybrid"
Related Reports
Proof of Quality & Reliability
