Disposable Bronchoscopes Market: Current Analysis and Forecast (2021-2027)

Disposable Bronchoscopes Market: Current Analysis and Forecast (2021-2027)

Global Disposable Bronchoscopes Market is anticipated to grow with an elevated CAGR of around 13% over the forecast period (2021-2027). A bronchoscope is a device that is used for performing the most common interventional pulmonology procedures called bronchoscopy. It consists of a hollow metal tube or a thinner tube with an attached fiberoptic or video camera for transmitting the image and is commonly used during the endoscopic examination, diagnosis, and treatment of airways and tracheobronchial tree.

The growing adoption of disposable bronchoscopes can be attributed to the rising prevalence of various respiratory diseases. Some of the most common respiratory diseases include lung cancer, tumors airway stenosis, pneumonia, bronchitis, lung infections, and chronic obstructive Pulmonary Disease (COPD). Almost 3.3 million people succumb to COPD every year, as per the World Health Organization. Also, according to the American Cancer Society estimates, in the U.S., nearly 235,070 new cases of lung cancer and tumors were detected in 2018. This in turn is driving the demand for bronchoscopies to detect and treat lung cancers. Thereby, boosting the disposable bronchoscopes market.

Additionally, the disposable bronchoscopes market is anticipated to grow on account of the growing technological advancement and frequent product launches in the market. For example, in April 2021, Olympus announced the addition to its U.S. bronchoscopy portfolio of the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures. This single-use bronchoscope, specifically designed for tissue biopsy, foreign body retrieval, and other advanced procedures, help clinicians target, diagnose, and treat patients while enhancing workflow and productivity. Furthermore, the increase in the adoption of minimally invasive procedures and growing awareness regarding the benefits offered by these disposable devices are also some of the prominent reasons contributing towards the market growth.

Boston Scientific Corporation, Olympus Corporation, Ambu A/S, Smith & Nephew, Inc., NeoScope, Inc., Pentax Medical, Karl Storz SE & Co., Fujifilm Holdings Corporation, Richard Wolf GmbH, Stryker Corporation, are some of the prominent players operating in the disposable bronchoscopes market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and advanced disposable bronchoscopes.

Insights Presented in the Report

“Amongst Type, Flexible segment holds the major share”

Based on type, the disposable bronchoscopes market is segmented into flexible and rigid. The flexible segment accounted for the significant market share in 2020 and it is estimated that it will exhibit the highest CAGR during the forecast period. The growth of this segment can be attributed to the growing adoption of this type of bronchoscopes as they are less expensive and is much easier to change the position inside the bronchus thus enabling to give a clear image.

“Amongst End-User, Hospitals segment holds the major share”

Based on end-user, the disposable bronchoscopes market is divided into hospitals, diagnostic centers, specialty clinics, and others. The hospitals segment is anticipated to grab a significant share of the disposable bronchoscopes market and is expected to grow at a rapid rate in the upcoming years owing to the growing utilization of these products in hospitals as they have advanced and well-established healthcare infrastructure. In addition, the increasing preference of patients for hospitals-based procedures, availability of skilled healthcare professionals, and favorable reimbursement scenarios are some of the prominent factors boosting the growth of this segment. However, the specialty clinics segment is expected to grow at a considerable CAGR in the forthcoming years.

“North America represents one of the largest markets of disposable bronchoscopes market”

For a better understanding of the market dynamics of the disposable bronchoscopes market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the disposable bronchoscopes market industry and generated revenue of USD XX million in 2020 owing to the presence of well-established market players and frequent product launches in the region.

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