Global Disposable Bronchoscopes Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Vikas Kumar
- February 17, 2022
- HEALTHCARE, NEWS
- Disposable Bronchoscopes Market Growth, Disposable Bronchoscopes Market news, Disposable Bronchoscopes Market Share, Disposable Bronchoscopes Market size, Disposable Bronchoscopes Market Trend
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Global disposable bronchoscopes market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 13% during the forecast period (2021-2027F). 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.
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The growth of the disposable bronchoscopes market across the globe is witnessing growth on account of the rising prevalence of various respiratory diseases and thus an increase in the number of bronchoscopy procedures across the globe. For instance, nearly 5,00,000 bronchoscopy procedures are performed every year in the United States alone. Moreover, the rapidly growing geriatric population across the globe is also expected to support the market growth. According to the United Nations, the global population aged 60 years or over was numbered at 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050. Furthermore, the rising preference for minimally invasive procedures and increased focus of many industry players to launch new and innovative products are also some of the prominent factors contributing to the growth of the disposable bronchoscopes market globally.
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Based on type, the market is segmented into flexible and rigid. The flexible segment grabbed an XX% share of the global disposable bronchoscopes market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F). 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.
Based on the end-user, the global disposable bronchoscopes market is segmented into hospitals, diagnostic centers, specialty clinics, and others. The hospitals segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the growing utilization of these products in hospitals as they have advanced and well-established healthcare infrastructure.
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Additionally, the report provides detailed report also provides insights into the global disposable bronchoscopes market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the well-established market players and frequent product launches.
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 key players operating in the global disposable bronchoscopes market. Several M&As along with partnerships have been undertaken by these players to develop various types of disposable bronchoscopes.
Global Disposable Bronchoscopes Market Segmentation
Market Insight, by Type
Market Insight, by End-User
- Diagnostic Centers
- Specialty Clinics
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- 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