Medical Bronchoscopy Market: Introduction
Increased incidence of respiratory disorders, product breakthroughs that improve reimbursement policies, and technology advancements will all contribute to the market’s continued expansion
The most frequent interventional pulmonology technique carried out by bronchoscope is bronchoscopy. Both single-use and reusable bronchoscopes can be used for bronchoscopy. Both disposable and reusable bronchoscopes are used for endoscopic examination, diagnosis, and treatment of the tracheobronchial tree and airways. A single-use bronchoscope can be used to diagnose problems like COPD, tumours, lung cancer, airway stenosis, pneumonia, bronchitis, and other lung infections. Sales of bronchoscopes and bronchoscopy services make up the bronchoscopy market. The procedure of bronchoscopy allows both therapeutic and diagnostic visualisation of the inside of the lungs or airways. In bronchoscopy, a tool is put into the patient’s airways through the nose, mouth, or occasionally a tracheostomy so the doctor may check for any infections.
Medical Bronchoscopy Market: Overview
Medical Bronchoscopy Market size was valued at $2,558.21 million in 2020, and is projected to reach $4,880.72 million by 2030, registering a CAGR of 6.30% from 2021 to 2030.
The rising demand for bronchoscopy due to the rising frequency of respiratory disorders, the rising desire for minimally invasive surgery, and technical improvements in bronchoscopy are the main factors driving the growth of this market. However, the biggest obstacle to the expansion of this sector is the lack of qualified doctors and pulmonologists.
A bronchoscope is a tool used in bronchoscopy to identify illnesses of the lower respiratory system. The market for bronchoscopes is anticipated to be greatly impacted by a rise in the number of cases of respiratory disorders and product developments. Lung cancer, including small cell and non-small cell varieties, is the second most frequent cancer in both men and women, according to the American Cancer Society 2022. Almost 25% of all cancer fatalities are caused by lung cancer, which is by far the most common malignancy among both men and women. In addition, while the disease continues to be the leading cause of cancer deaths in both women and men, the national survival rate has grown by 14.5% over the past five years, according to the American Lung Association’s 2021 report. Thus, the market has been growing as a result of all these aspects.
Medical Bronchoscopy Market: Growth Drivers
The global bronchoscopy market is expanding as a result of rising rates of respiratory disorders, rising demand for minimally invasive surgery, and improvements in bronchoscopy technology. However, the market’s expansion is constrained by a shortage of pulmonologists and physicians. On the other hand, in the upcoming years, expanding prospects in emerging markets offer fresh opportunities.
End-Use Insights:
The global bronchoscopy market is divided into hospitals, ambulatory surgery centres & clinics, and diagnostic centres based on the end-use type. In terms of revenue, the hospitals sector dominated the bronchoscopy market in 2020. Increasing patient preference for hospital-based treatments can be ascribed to the availability of cutting-edge medical technology, the presence of qualified medical professionals, improved healthcare infrastructure, and reimbursement policies.
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Medical Bronchoscopy Market: Segmentation
key players:
- Teleflex Incorporated
- Olympus Corporation
- Ambu
- Karl Storz
- Fujifilm
- Boston Scientific
- Cogentix Medical
By Type:
- Rigid Bronchoscopes
- Flexible Bronchoscopes
By Application:
- Hospitals & Clinics
- Diagnostic Centers
- Other
By Regions:
- North America
- Europe
- China
- Japan
- Middle East and Africa
- South America
- India
- South Korea
- Southeast Asia
- Others
COVID-19 Impact:
Globally, the COVID-19 epidemic has disrupted the way that healthcare is delivered. Healthcare and other industries have been compelled to temporarily redirect their attention from other sorts of illnesses to non-serious ailments. The demand for a range of medical services and goods, including bronchoscopy equipment such visualisation systems and endoscopes, has increased, nevertheless. An aerosol-producing technique with a range of diagnostic and therapeutic uses is bronchoscopy. However, airway surgeries can increase the danger of COVID-19 exposure and transmission among medical staff even after the coronavirus (COVID-19) pandemic, which may reduce market revenue share.
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