Emphasis on Product Type (Rigid Bronchoscopes, Flexible Bronchoscopes, and Others); Product Type (Rigid Bronchoscopes, Flexible Bronchoscopes, and Others); Application (Bronchial Treatment, Bronchial Diagnosis); End User (Hospitals, Ambulatory Surgical Centers, Clinics, Others); and Region/Country
Global Bronchoscopy Market is expected to grow at a significant rate of around 7% during the forecast period. Bronchoscopy is an endoscopic technique for visualizing the inside of the airways for diagnostic and therapeutic purposes. An instrument is inserted into the airways, usually through the nose or mouth, or occasionally through a tracheostomy. The incidence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), and asthma are increasing worldwide. According to the World Health Organization (WHO), Chronic Obstructive Pulmonary Disease (COPD) is projected to become the third leading cause of death globally by 2030. The rising prevalence of these diseases is driving the demand for bronchoscopy procedures. Moreover, government initiatives and funding for research and development in the field of bronchoscopy have led to the development of new technologies and improved patient outcomes. For instance, according to the U.S. National Library of Medicine, on January 6, 2023, Research on trial “Bronchoscopy in determining the effect of e-cigarette smoking on biomarkers in the lungs”, which has led to increased demand for bronchoscopy procedures for the diagnosis and treatment of lung cancer.
Boston Scientific Corporation, Ambu A/S, Verathon Inc., Olympus Corporation, Richard Wolf GmbH, KARL STORZ, FUJIFILM Corporation, Teleflex Incorporated, Medtronic, HOYA Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, rigid bronchoscopes are expected to grow with a significant CAGR during the forecast period”
Based on product type, the market is segmented into rigid bronchoscopes, flexible bronchoscopes, and others. Among these, rigid bronchoscopes are expected to grow with a significant CAGR during the forecast period. Rigid bronchoscopy is a valuable tool in the treatment of lung cancer, particularly for cases where the tumor is in the central airways and causing significant symptoms. The growing prevalence of lung cancer, which is the leading cause of cancer-related deaths worldwide, is driving the demand for rigid bronchoscopes. According to the world health organization, in 2022, approx. 2.21 million cases of lung cancer were reported around the globe.
“Amongst product usage, the bronchial treatment held a significant share of the market in 2021”
On the basis of product usage, the market is categorized into disposable equipment and reusable equipment. Among these, reusable equipment held a significant share of the market in 2021. This is mainly for carefully chosen individuals with severe asthma, Bronchial treatment is a minimally invasive bronchoscopy technique that uses a series of bronchoscopy procedures to provide regulated thermal energy to the airway wall. As per the data published in Shanghai Chest, in April 2020, more than 8,000 patients have undergone BT treatment globally.
Bronchoscopy Market Report Coverage
“North America held a significant share of the market”
In 2021, North America held a significant share of the global bronchoscopy market. This is mainly attributed to major factors such as supportive government, advancing healthcare infrastructure, and increased investments in research and development for bronchoscopy devices coupled with technological advancements that are propelling the growth of this market in the North American region. For instance, on 1 July 2022, Verathon announced the release of the BFlex 2.8 Single-use Bronchoscope. BFlex single-use bronchoscopes are designed specifically for the critical needs of the ICU, OR and ED. Furthermore, the presence of well-established market players including manufacturers, suppliers, and distributors is also boosting the growth of the bronchoscopy market. Moreover, some of the companies are in the process of marketing their products on a regular basis and partnering with local suppliers to garner more market share. For instance, on December 2020, Olympus Corporation acquired Veran Medical Technologies, Inc. (“VMT”), a leading provider of advanced medical devices specializing in interventional pulmonology, for up to USD 340 million.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Bronchoscopy Market
6. Bronchoscopy Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Product Type
8. Market Insights By Product Usage
9. Market Insights By Application
10. Market Insights By End User
11. Market Insights By Region
12. Bronchoscopy Market Dynamics
13. Bronchoscopy Market Opportunities
14. Bronchoscopy Market Trends
15. Demand And Supply-side Analysis
16. Value Chain Analysis
17. Pricing Analysis
18. Strategic Insights
19. Competitive Scenario
20. Company Profiled
21. Disclaimer
Research Methodology for the Bronchoscopy Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global bronchoscopy market were the three major steps undertaken to create and analyze the adoption of bronchoscopy 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 bronchoscopy 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 of 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 bronchoscopy market through company internal sources such as annual reports & 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 bronchoscopy market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, product usage, application, end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
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 bronchoscopy market. Further, we conducted factor analysis using dependent and independent variables such as various product type, product usage, application, end user of bronchoscopy. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the bronchoscopy market 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 global bronchoscopy 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
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, 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
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global bronchoscopy market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, product usage, application, end user in the global bronchoscopy market.
The main objective of the Global Bronchoscopy Market Study
The current & future market trends of the global bronchoscopy market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends 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 from a first-mover advantage. Other quantitative goals of the studies include:
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