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

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Emphasis on Type (Flexible, Rigid); End-User (Hospitals, Diagnostic Centers, Specialty Clinics, Others ); Region/Country

Published:

Feb-2022

Pages:

203

Table:

33

Figure:

109

Report ID:

UMHE21661

Geography:

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Report Description
Table of content
Research Methodology

Report Description


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.

% of Patients Affected by Respiratory disease in the United Kingdom, 2020

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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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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1.1Market Definitions
1.2Objective of the Study
1.3Limitation
1.4Stake Holders
1.5Currency Used in Report
1.6Scope of the Global Disposable Bronchoscopes Study
2.1Research Methodology for the Global Disposable Bronchoscopes Market
 2.1.1Main Objective of the Global Disposable Bronchoscopes Market
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5COVID-19 IMPACT
6GLOBAL DISPOSABLE BRONCHOSCOPES MARKET REVENUE
7.1Flexible 
7.2Rigid
8.1Hospitals 
8.2Diagnostic Centers
8.3Specialty Clinics
8.4Others
9.1NORTH AMERICA DISPOSABLE BRONCHOSCOPES MARKET 
 9.1.1United States
 9.1.2Canada
 9.1.3Rest of North America
9.2EUROPE DISPOSABLE BRONCHOSCOPES MARKET 
 9.2.1Germany
 9.2.2France
 9.2.3United Kingdom
 9.2.4Spain
 9.2.5Italy
 9.2.6Rest of Europe
9.3ASIA PACIFIC DISPOSABLE BRONCHOSCOPES MARKET
 9.3.1China
 9.3.2Japan
 9.3.3India
 9.3.4Australia
 9.3.5Rest of Asia Pacific
9.4REST OF THE WORLD DISPOSABLE BRONCHOSCOPES MARKET 
10.1Market Drivers 
10.2Market Challenges
10.3Impact Analysis
11DISPOSABLE BRONCHOSCOPES MARKET OPPORTUNITIES
12DISPOSABLE BRONCHOSCOPES MARKET TRENDS & INSIGHTS
13LEGAL & REGULATORY FRAMEWORK
14.1Demand Side Analysis
14.2Supply Side Analysis
 14.2.1Top Product Launches
 14.2.2Top Business Partnerships
 14.2.3Top Merger & Acquisitions
15VALUE CHAIN ANALYSIS
16.1Porter’s Five forces analysis
 16.1.1Bargaining power of Supplier
 16.1.2Bargaining power of Buyer
 16.1.3Industry Rivalry
 16.1.4Availability of Substitute
 16.1.5Threat of new Entrants
17.1Boston Scientific Corporation
 17.1.1Key Facts 
 17.1.2Business Description
 17.1.3Key Product/Services Offerings
 17.1.4Growth Strategy
 17.1.5SWOT Analysis
 17.1.6Key Financials
  17.1.6.1Revenue Split
  17.1.6.2Financial Overview of Boston Scientific Corporation
 17.1.7Recent Developments
  17.1.7.1Product Launch
  17.1.7.2Partnerships
  17.1.7.3Business Expansion and Investments
  17.1.7.4Merger and Acquisition
17.2Olympus Corporation
17.3Ambu A/S  
17.4Smith & Nephew, Inc.
17.5NeoScope, Inc. 
17.6Pentax Medical 
17.7Karl Storz SE & Co. 
17.8Fujifilm Holdings Corporation
17.9Richard Wolf GmbH 
17.10Stryker Corporation 
18DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global disposable bronchoscopes market were the three major steps undertaken to create and analyze the adoption of disposable bronchoscopes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global disposable bronchoscopes market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the disposable bronchoscopes through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the disposable bronchoscopes market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type and end-user. Further country-level analyses were conducted to evaluate the overall adoption of disposable bronchoscopes across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the disposable bronchoscopes. Further, we conducted factor analysis using dependent and independent variables such as the growing prevalence of respiratory diseases and technological advancements all over the globe. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the disposable bronchoscopes sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the disposable bronchoscopes market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of disposable bronchoscopes across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the disposable bronchoscopes market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the disposable bronchoscopes market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and end-user of the disposable bronchoscopes market.

The main objective of the Disposable bronchoscopes Market Study

The current & future market trends of disposable bronchoscopes were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of disposable bronchoscopes in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type and end-user
  • Define and analysis of the regulatory framework for the disposable bronchoscopes industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the disposable bronchoscopes market for the major region
  • Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
  • Company profiles of the disposable bronchoscopes market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry