Bronchoscopy Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Global Bronchoscopy Market size is expected to reach USD 5.2 billion and is projected to reach a CAGR of 6.5% from 2023-2030.
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A medical procedure called bronchoscopy is performed to see into the lungs and airways. It includes inserting a bronchoscope—a small, flexible tube—through the mouth or nose and advancing it into the lungs. The doctor may view the respiratory system's structures in real-time thanks to the bronchoscope's light source and camera. It includes two types of Bronchoscopies:
- Flexible Bronchoscopy: The most popular kind of bronchoscope used during bronchoscopy is flexible. It is made out of a flexible tube with a camera and light at the end. The clinician can easily maneuver the flexible bronchoscope across the airways to evaluate different respiratory system components.
- Rigid Bronchoscopy: A straight, stiff bronchoscope is used less commonly than a flexible bronchoscope. It frequently involves more complicated treatments and can demand general anesthesia.
Delvens Industry Expert's Standpoint
Technology developments, an increase in the frequency of respiratory disorders, and a growing desire for less invasive treatments are all contributing to the continuous expansion of the bronchoscopy market. The market is dominated by flexible bronchoscopes because of their adaptability and increased patient comfort. Therapeutic bronchoscopy for interventional treatments is second in market share to diagnostic bronchoscopy. These businesses are well-known producers and providers of bronchoscopes, bronchoscopy supplies, and associated machinery.
Competitive Landscape:
- Olympus Corporation
- Karl Storz GmbH Co. KG
- Ambu A/S
- Fujifilm Holdings Corporation
- Pentax Medical (Hoya Corporation)
- Boston Scientific Corporation
- Cook Medical
- Medtronic plc
- CONMED Corporation
- Richard Wolf GmbH
- Ethicon
- HOYA Corporation
- Broncus Medical Inc.
- Roper Technologies
- Teleflex Incorporated
- Laborie Medical Technologies Corp.
- EFER Endoscopy
- EMOS Technology GmbH
- VBM Medizintechnik GmbH
- Hunan Vathin Medical Instrument Co., Ltd.
- Machida Endoscope Co., Ltd.
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Key Findings
- The product type segment is further segmented into Flexible, Rigid, and Robotic. Due to their broad usage in both diagnostic and therapeutic treatments, flexible bronchoscopes dominate the market.
- The application segment is further fragmented into Diagnostic Bronchoscopy and Therapeutic Bronchoscopy. The diagnostic bronchoscopy segment holds a substantial market share.
- The End-User segment is further segmented into Hospitals and Ambulatory Surgical Centers (ASCs). The majority of bronchoscopy instruments and procedures are performed in hospitals.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The North American region is expected to be the largest region in the Bronchoscopy market during the forecast period.
Recent Developments
In 2020, Olympus introduced the ENDO-AID, an artificial intelligence (AI) platform designed to assist endoscopic procedures, including bronchoscopy. The platform aims to enhance the detection and characterization of lesions during bronchoscopic examinations.
In 2020, Medtronic launched the SuperDimension™ navigation system with its LungGPS™ technology. This system aids in the diagnosis of lung diseases and enables real-time navigation and guidance during bronchoscopic procedures.
Reasons to Acquire
- Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for Bronchoscopy Market so as to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Bronchoscopy Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Key Features of Global Market Report:
- Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
- Identify growth opportunities for stakeholders by pinpointing high-growth segments.
- Study global industries status and forecast, focusing on key regions.
- Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
- Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
- Assist in making strategic business decisions and investment plans.
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