Global Bronchoscopes Market 2019-2023
About this market
The expanding applications of bronchoscopy is one of the key factors expected to trigger the market’s growth in the forthcoming years. Technological advances have resulted in the expansion of applications of bronchoscopy in the diagnosis and management of various airway and lung diseases. This field has already become an essential tool in pulmonology as it not only helps in diagnosing pulmonary pathologies but also helps in understanding the pathophysiology of some diseases. Such rising applications will further contribute significantly to the bronchoscopes market growth in the forthcoming years. Technavio’s analysts have predicted that the bronchoscopes market will register a CAGR of nearly 7% by 2023.
Expanding applications of bronchoscopy
One of the growth drivers of the global bronchoscopes market is the expanding applications of bronchoscopy. The integration of ultrasound with bronchoscopy and the use of lasers along with bronchoscopes have increased the therapeutic utility of bronchoscopy.
The high cost of bronchoscopy
One of the challenges in the growth of the global bronchoscopes market is the high cost of bronchoscopy. Many medium and smaller hospitals that have a patient turnover, which is low to justify the high initial investment, cannot afford EBUS bronchoscopy in their facilities.
For the detailed list of factors that will drive and challenge the growth of the bronchoscopes market during 019-2023, view our report.
The market appears to be fragmented and with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Bronchoscopes Market 2019-2023
Technavio recognizes the following companies as the key players in the global bronchoscopes market: Ambu A/S, Fujifilm Holdings Corporation, HOYA Corporation, KARL STORZ SE & Co. KG, OLYMPUS CORPORATION, and Teleflex Incorporated.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of ENB and OCT as new bronchoscopy techniques.”
According to the report, one of the major drivers for this market is the expanding applications of bronchoscopy.
Further, the report states that one of the major factors hindering the growth of this market is the limitations and complications associated with bronchoscopy.
Fujifilm Holdings Corporation
KARL STORZ SE & Co. KG
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook