Bronchoscopes Market Size, Share, Trends, Growth, Forecast 2032

Bronchoscopes Market Insights

The global Bronchoscopes market size accrued earnings worth approximately USD 2.63 Billion in 2023 and is predicted to gain revenue of about USD 3.94 Billion by 2032, is set to record a CAGR of nearly 4.6% over the period from 2024 to 2032.

The study includes drivers and restraints of the bronchoscopes market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the bronchoscopes market on a global level.

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Bronchoscopes Market:  Growth Factors

Bronchoscopy has become an essential part of modern medicine. Bronchoscopes are used for endoscopic techniques for diagnostic and therapeutic purposes to study the inner pathways of lungs. These devices are introduced from the nose or mouth and sometimes through tracheostomy to observe the distal branches of the bronchi. These are commonly used to diagnose inflammation, tumors, foreign bodies, infections, parasites, and lung bleeding. The rising incidences of respiratory diseases have become a primary factor that has resulted in the growth of the bronchoscopes market globally. As per the World Cancer Research Fund International, around 59% of lung cancer cases occurred in 2013, particularly in the under-developed and developing countries.

The use of bronchoscopes has experienced a tremendous shift from conventional invasive procedures to advanced and minimally invasive devices and procedures in the last few years. The development and advancement of bronchoscopes, such as autofluorescence or blue-light bronchoscopy, navigational bronchoscopy, white-light bronchoscopy, etc., are likely to drive the global bronchoscopes market in the future. Nearly 600,000 bronchial treatment procedures are performed yearly in the U.S. alone.

Moreover, the increasing number of cancer and COPD (chronic obstructive pulmonary disorders) cases due to excess smoking, pollution, and consumption of alcohol is likely to boost the bronchoscopes market in the years ahead. Furthermore, the rising incidences of pulmonary fibrosis, occupational sarcoidosis, interstitial pneumonitis, idiopathic pulmonary fibrosis, and pulmonary hemorrhage are also projected to propel the bronchoscopes market growth in the future.

In order to give the users of this report a comprehensive view of the bronchoscopes market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new modality launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Bronchoscopes Market: Segmentation

The global bronchoscopes market is segmented on the basis of modality, usage, application, and end-user.

By modality, the market is segmented into rigid and flexible bronchoscopes. The flexible bronchoscopes are further segmented into the video, fiber optic, and hybrid bronchoscopes.

By usage, the market is divided into reusable and disposable.

The application segment is divided into bronchial diagnosis and bronchial treatment.

By end-user, the market is segmented into hospitals, outpatient centers, and others.

Bronchoscopes Market: Report Scope

Bronchoscopes Market: Regional Landscape

By region, North America dominated the bronchoscopes market in 2018. The presence of a large number of well-established players, high-quality standards maintained by medical device manufacturers and increasing lung cancer cases are likely to contribute toward the growth of the region’s bronchoscopes market in these futures. Furthermore, the U.S. is the leading market for bronchoscopes across the world. The Asia Pacific bronchoscopes market is likely to witness notable growth in years to come, owing to the ample growth opportunities provided by Japan, India, and China, due to rising technological advancements, increased healthcare expenditure, mandatory healthcare insurance, and the increasing presence of global companies in the region.

Bronchoscopes Market: Competitive Space

The report also includes detailed profiles of key players such as

• Fujifilm Holdings Corporation
• Olympus Corporation
• Ambu A/s
• Karl Storz
• Teleflex Incorporated
• Cogentix Medical
• Boston Scientific Corporation

This report segments the global bronchoscopes market into:

Global Bronchoscopes Market: Modality Analysis

• Rigid
• Flexible
  • Video
  • Fiber optic
  • Hybrid

Global Bronchoscopes Market: Usage Analysis

• Reusable
• Disposable

Global Bronchoscopes Market: Application Analysis

• Bronchial Diagnosis 
• Bronchial Treatment

Global Bronchoscopes Market: End-User Analysis

• Hospitals
• Outpatient Centers
• Others

Global Bronchoscopes Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa