Dublin, Nov. 30, 2022 (GLOBE NEWSWIRE) -- The "Bronchoscopy Market by Product Bronchoscopes (Flexible, Rigid, EBUS), Imaging Systems (Video Processors), Accessories (Cytology Brushes), Application (Bronchial Treatment), Usability (Reusable), & End Users (Hospital, ACSs/Clinic) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global bronchoscopy market is projected to reach USD 3.7 Billion by 2027 from USD 2.5 Billion in 2022, at a CAGR of 7.9% during the forecasted period (2022 to 2027)
Market growth is largely driven by the rising prevalence of respiratory diseases, the growing demand for minimally invasive surgeries, growing hospital investments in bronchoscopy facilities, and technological advancements in bronchoscopes. On the other hand, the dearth of trained physicians and pulmonologists is a major challenge to the growth of this market.
The Bronchoscopes are accounted to hold the largest share of the bronchoscopy market, by product in 2021.
Based on product, the bronchoscopy equipment market is segmented into bronchoscopes, imaging systems, accessories, and other bronchoscopy equipment.
The bronchoscopes segment accounted for the largest share of the bronchoscopy equipment market in 2021. The large share of this segment can be attributed to the high cost of bronchoscopes compared to imaging systems and accessories, the increasing prevalence of lung cancer, and technological advancements
The Bronchial treatment are accounted to hold the largest share of the bronchoscopy market, by application in 2021.
Based on application, the bronchoscopy equipment market is segmented into bronchial treatment and bronchial diagnosis. In 2021, the bronchial treatment segment accounted for the largest share of the market. The large share of this segment can be attributed to the rising prevalence of target diseases.
North America commanded the largest share of the bronchoscopy in 2021.
In 2021, North America has the largest share of the bronchoscopy equipment market. The large share of the North American market can be attributed to the increasing incidence and prevalence of chronic respiratory diseases, favorable reimbursement scenario in the US, the rising incidence of lung cancer in Canada, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region.
Competitive landscape
Some of the major players operating in this market Olympus Corporation (Japan), KARL STORZ (Germany), Ambu A/S (Denmark), Boston Scientific Corporation (US), and FUJIFILM Holdings Corporation (Japan).
| Report Attribute | Details |
| No. of Pages | 223 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $2.5 billion |
| Forecasted Market Value (USD) by 2027 | $3.7 billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Premium Insights
- Rising Prevalence of Respiratory Diseases to Drive Market
- Bronchoscopes Segment Accounted for Largest Market Share in 2021
- China to Register Highest CAGR During Forecast Period
Market Dynamics
Drivers
- Rising Prevalence of Respiratory Diseases
- Increasing Cases of Lung Cancer
- Growing Demand for Minimally Invasive Surgeries
- Growing Hospital Investments in Bronchoscopy Facilities
- Technological Advancements
Restraints
- High Overhead Cost of Bronchoscopy Procedures
- Risks Associated with Bronchoscopy
Opportunities
- Growing Healthcare Market in Emerging Economies
Challenges
- Dearth of Trained Physicians and Pulmonologists
- Burning Issues
- Product Recalls
Company Profiles
Key Players
- Olympus Corporation
- Ambu A/S
- Boston Scientific Corporation
- Ethicon (Subsidiary of Johnson & Johnson)
- Medtronic
- Fujifilm Holdings Corporation
- Karl Storz
- Hoya Corporation
- Richard Wolf Gmbh
- Cook Medical
- Conmed
- Roper Technologies
- Teleflex Incorporated
- Laborie Medical Technologies Corp.
- Efer Endoscopy
- Broncus Medical Inc.
Other Players
- Emos Technology Gmbh
- Vbm Medizintechnik Gmbh
- Hunan Vathin Medical Instrument Co. Ltd.
- Machida Endoscope Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/g04l52
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