Bronchoscopes Market (By Product: Endoscope, Visualization & Documentation Systems, Accessories, and Other Products; By Usability: Disposable Equipment and Reusable Equipment; By Application: Bronchial Diagnosis and Bronchial Treatment;, By End User: Hospitals and Ambulatory Surgical Centers & Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global bronchoscopes market was valued at US$ 18.4 billion in 2020 and is expected to be worth around US$ 31.3 billion by 2030, growing at a CAGR of 10.3% over the forecast period 2022 to 2030.

Bronchoscopy is the most common interventional pulmonology procedures performed through the bronchoscope. Bronchoscopy can be performed through reusable bronchoscopes or single use bronchoscopes. Single use bronchoscope or reusable bronchoscope both are intended for use during endoscopic examination, diagnosis, and treatment of airways and tracheobronchial tree. The conditions such as COPD, tumors, lung cancer, airway stenosis, pneumonia, bronchitis, and other lung infections can be diagnosed through single use bronchoscope.

Growth Factors

Demand for bronchoscopes is increasing due to rising prevalence of respiratory diseases, favorable reimbursement policies, and technological advancements.

Increasing prevalence of respiratory diseases is the primary factor resulting in high demand for bronchoscopes. According to the World Cancer Research Fund International, around 58.0% of lung cancer cases in 2012 occurred in less developed countries.

Some of the companies in the market are Teleflex Incorporated, Olympus Corporation, Ambu A/s, Karl Storz, Fujifilm Holdings Corporation, Boston Scientific Corporation, and Cogentix Medical.

Bronchoscopes are primarily used for the assessment and management of multiple respiratory and airway diseases. Conditions such as blockages, chronic obstructive pulmonary diseases (COPD), bronchopulmonary hemorrhage, tumors, airway stenosis, and inflammatory conditions can be detected and diagnosed through these devices.

The increasing prevalence of various respiratory diseases is the most significant factor positively impacting the market growth. According to the World Health Organization (WHO), over 3.0 million people die from COPD every year. As per the American Cancer Society, over 234,030 new cases of lung cancer were reported in the U.S. at the end of 2018.

Furthermore, according to Cancer Research UK, around 46,400 new cases of lung cancer are diagnosed each year. Besides, according to the World Cancer Research Fund International, around 58.0% of lung cancer cases occurred in developing countries, which can be attributed to the alarming prevalence of a host of respiratory diseases. Thus, demand for bronchoscopes is expected to witness a major boost in the future.

Report Highlights

  • The global bronchoscopes market is expected to register sales worth U.S. $ 480.3 Mn by the end of 2021 and is projected to reach U.S. $ 647.7 Mn by the end of 2030 with a cumulative CAGR of 4.4%.
  • Video bronchoscopes is expected to 86.4% market share, by value by the end of 2021, and will expand at a CAGR of 4.2% over the forecast period. Since video bronchoscopes are widely used for the diagnosis of infectious diseases, inflammatory conditions or tumours of the lung, they contribute to the largest market share of this market.
  • Flexible fiber bronchoscopes have high-definition recordings, allowing for easy detection of cancers and infections in the bronchioles' deeper levels. Flexible bronchoscopes are convenient for both doctors and patients as it takes substantially less time to recover from than rigid bronchoscopy and are expected to register sales worth U.S. $ 450.4 Mn by the end of 2021, which would account for more than 93% share, by value of the total bronchoscopes market and is expected to expand at a CAGR of 4.4% between 2022 and 2030.
  • Hospitals are expected to hold the highest share of 64.5%, by value in 2021, and will expand to reach U.S. $ 421.3 Mn by the end of 2030. The segment is set to expand at a CAGR of 4.4% over the forecast period, owing to the high preference for hospital-based treatment & procedures, availability of skilled healthcare professionals, technologically advanced facilities, and favorable reimbursement scenario.

Regional Insighst

  • U.S. is expected to hold 91.8% market share of North America region, by value in the year 2021 and is anticipated to expand at a CAGR of 4.2% over the forecast period 2022-2028 owing to aspects such as an increase in the number of hospitals, development of healthcare infrastructure, an increase in healthcare spending, the growth of the aging population, presence of a large patient population.
  • Additionally, favourable reimbursement scenarios in the U.S. are positively affecting the demand of bronchoscopes and is expected to follow similar trend over the forecast period.
  • In Europe, Germany is expected to account for 19.1% share, by value of the total European bronchoscopes market, by the end of 2021. Increased adoption of minimally invasive surgeries, and technological advancements in the field of bronchoscopy are some of the key factors that will propel the demand of bronchoscopes in Germany.
  • India is anticipated to hold 19.5% share, by value of the total Asia Pacific bronchoscopes market, by value in 2021 and will expand at a CAGR of 6.4% over the forecast period. High prevalence of chronic pulmonary diseases, and increasing healthcare expenditure by the government, and increased adoption of bronchoscopy are some of the key factors driving the demand for bronchoscopes in India.

Based on type, the market is broadly bifurcated into rigid and flexible types. Flexible bronchoscopes are further segmented into video, fibreoptic, and hybrid. The flexible segment captured the largest share in terms of revenue due to high video quality and significant cost-effectiveness. The fibreoptic sub-segment has been dominating the flexible segment owing to the many benefits offered by it, such as high-quality videos, which results in easy identification of tumors and infections in deeper levels of bronchioles.

In addition to the above-mentioned advantages, flexible bronchoscopes are convenient for doctors as well as patients. Recovery time after flexible bronchoscopy is significantly lesser as compared to rigid bronchoscopy. Moreover, the narrow size of these devices allows for a deeper reach into small lumens.

Based on use, the market is segmented into reusable and disposable devices. The reusable segment captured the largest market share in 2021 in terms of revenue. Multi-usage and cost-effectiveness are the key advantages these devices offer. As a result, more than 500 bronchoscopy procedures are performed in a year. This is sure to drive the market at a lucrative rate during the forecast period.

Disposable devices are likely to emerge as the fastest-growing segment in the bronchoscopes market. Affordability is one of the major advantages these devices offer, especially those recently launched in the market. Medical facilities that perform fewer than 500 procedures a year save a significant margin as compared to costs incurred through reusable bronchoscopes. Furthermore, factors such as no cross-contamination, instant availability, and no reprocessing cost are some other factors contributing to market growth. 

North America is the most developed market, followed by Europe. Increasing cases of lung cancer and the presence of a large number of well-established players are contributing to the growth of this market. The U.S. is the largest market for bronchoscopes across the world. These devices are widely adopted in the country, which can be primarily attributed to favorable reimbursement policies by state and federal governments.

The Asia Pacific market is expected to witness remarkable growth throughout the forecast period owing to extensive growth opportunities in Japan, China, and India. Factors such as mandatory healthcare insurance, rising technological advancements, increased healthcare expenditure, and an increasing number of global companies looking to cater to high unmet medical needs in these countries are driving the market.

Key Players

  • Teleflex Incorporated

  • Olympus Corporation

  • Ambu A/s

  • Karl Storz

  • Fujifilm Holdings Corporation

  • Boston Scientific Corporation

  • Cogentix Medical

Market Segmentation

  • Use Outlook 

    • Reusable

    • Disposable

  • Type Outlook 

    • Rigid

    • Flexible

      • Video

      • Fiberoptic

      • Hybrid

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • The Netherlands

      • Switzerland

      • France

      • Russia

      • Spain

      • Sweden

    • Asia Pacific

      • China

      • India

      • Japan

      • Indonesia

      • South Korea

      • Thailand

      • Malaysia

      • Singapore

      • Australia

      • Philippines

    • Latin America

      • Mexico

      • Brazil

      • Argentina

    • MEA

      • Turkey

      • South Africa

      • Saudi Arabia

      • Nigeria

      • Iran

The Bronchoscopes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Bronchoscopes market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Bronchoscopes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bronchoscopes market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Bronchoscopes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Bronchoscopes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Bronchoscopes by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Bronchoscopes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Bronchoscopes market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Bronchoscopes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Bronchoscopes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Bronchoscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bronchoscopes market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Bronchoscopes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Bronchoscopes market. These factors have benefited the growth of the global market for Bronchoscopes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Bronchoscopes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Bronchoscopes are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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