Covina, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Bronchoscopy Market Overview
According to a Comprehensive Research Report by prophecy market insights "Bronchoscopy Market Information by Product, Usability, Application, End User and Region - Forecast till 2033” projects that the market will grow from US$ 2.5Bn in 2022 to US$ 5.5Bn by 2032, at a compound annual growth rate (CAGR) of 8.5%.
Why is the Bronchoscopy Market Important?
Bronchoscopy is minimally invasive surgical procedure which help in diagnosing lung disorders. The bronchoscope is put in the mouth or nose and moved down the throat and trachea into the airways.
Adoption of unhealthy lifestyle, cigarette smoking and exposure to irritating gases has become major factor in target market growth. Further, growing prevalence of respiratory diseases such as asthma, COPD, lung cancer, pneumonia has become another leading factor in market growth. Technological advancement in medical devices worldwide has provided lucrative opportunities in Bronchoscopy market growth.
Recent key Development
- In May 2021, Olympus launched new endobronchial ultrasound (EBUS) bronchoscope which is FDA (Food and Drug Administration) 510(K) cleared. The new launched product is the new addition to Olympus robust EBUS portfolio of devices for minimally invasive lung cancer diagnosis & staging by needle biopsy.
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Market Scope
The Bronchoscopy market has a broad scope, driven by factors such as the increasing prevalence of respiratory diseases, technological advancements, and a growing emphasis on early disease diagnosis and treatment, offering opportunities for both diagnostic and therapeutic applications in pulmonary medicine.
Report Scope:
| Attributes | Details |
| Bronchoscopy Market Value (2022) | US$ 2.5Bn |
| Bronchoscopy Market Projected Value (2032) | US$ 5.5Bn |
| Bronchoscopy Market CAGR (2022 – 2032) | 8.5% |
Bronchoscopy Market Segmental Analysis
- By Product - Visualization & Documentation, Endoscope, Accessories, and Other Products
- By Usability - Disposable, Reusable
- By Application - Therapeutic, Diagnostic
- By End-Users - Hospitals, Clinics, Ambulatory Surgical Centers
List of Top Leading Players of the Bronchoscopy Market
- Olympus Corporation
- FUJIFILM Holdings Corporation
- Medtronic Plc
- KARL STORZ
- Boston Scientific Corporation
- Ethicon
- Cook Medical
- HOYA Corporation
- Broncus Medical Inc.
- Richard Wolf GmbH
Challenges
- Cost: Bronchoscopy equipment and procedures can be expensive, limiting access in some healthcare settings.
- Infection Risk: Infection control and patient safety are concerns during bronchoscopy procedures.
- Training: Specialized training is required for healthcare professionals to perform bronchoscopy effectively.
- Patient Discomfort: Patients may experience discomfort and side effects from the procedure.
- Competition: A competitive market with various technologies and procedures can make it challenging for companies to stand out.
Bronchoscopy Market Competitive Analysis
New launched innovative product by manufacturers has fruitful the demand for market growth. Presence of major players and growing market consolidation activities such as strategic acquisitions, mergers, collaborations among companies across globe to strengthen its position in global market is likely to propel Bronchoscopy market growth.
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What are the emerging technologies and innovations in bronchoscopy procedures and equipment?
Emerging technologies in bronchoscopy are transforming diagnostic and therapeutic capabilities. Innovations include advanced imaging with high-definition scopes, 3D navigation, robot-assisted procedures, AI-driven analysis for lesion detection, and disposable bronchoscopes for infection control. Virtual bronchoscopy and telemedicine expand access to care, while techniques like bronchial thermoplasty offer new treatments for conditions like severe asthma. These technologies aim to improve accuracy, patient comfort, and procedural efficiency in bronchoscopy.
Conclusion:
The bronchoscopy market is experiencing steady growth due to the increasing prevalence of respiratory diseases, advancements in bronchoscopy technology, and the growing adoption of minimally invasive diagnostic and therapeutic procedures. Additionally, a rising focus on early disease detection and expanding applications in pulmonology and oncology are driving market expansion, with key players investing in innovation and product development to meet the evolving demands of healthcare professionals and patients.
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