A Comprehensive Analysis of the Global Bronchoscopy Market: Trends and Insights

The Global Bronchoscopy Market in terms of revenue was estimated to be worth $2.5 billion in 2022 and is poised to reach $3.7 billion by 2027, growing at a CAGR of 7.9% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Market growth is largely driven by the rising prevalence of respiratory diseases, growing hospital investments in bronchoscopy facilities, and technological improvement in bronchoscopes. On the other hand, risk associated with the bronchoscopy procedures is a major restrains to the growth of this market.

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Flexible Bronchoscopy Industry Dynamics

Drivers

Rising prevalence of respiratory diseases
Increasing cases of lung cancer
Growing demand for minimally invasive surgeries
Growing hospital investments in bronchoscopy facilities
Technological advancements

Restraints

High overhead cost of bronchoscopy procedures
Risks associated with bronchoscopy

Opportunities

Growing healthcare market in emerging economies

Challenges

Dearth of trained physicians and pulmonologists

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Market Segmentation:

By Product

Bronchoscopes
By Working Channel Diameter
Imaging Systems
Accessories
Other Bronchoscopy Equipment

By Application

Bronchial Treatment
Bronchial Diagnosis

By Usability

Reusable Bronchoscopes
Disposable Bronchoscopes

By Patient

Adult Patients
Pediatric/Neonate Patients

By End User

Adult Patients
Pediatric/Neonate Patients

North America accounted the largest share of the bronchoscopy industry in 2021.

The large share of the North American market can be attributed to the increasing incidence and prevalence of chronic respiratory diseases, favorable reimbursement scenario in the US, the rising incidence of lung cancer in Canada, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region

Key Players:

Corporation (Japan), KARL STORZ (Germany), Ambu A/S (Denmark), Boston Scientific Corporation (US), Ethicon (US), FUJIFILM Holdings Corporation (Japan), Medtronic (Ireland), HOYA Corporation (Japan), Richard Wolf GmbH (Germany), Cook Medical (US), Broncus Medical Inc. (China), CONMED (US), Roper Technologies (US), Teleflex Incorporated (US), Laborie Medical Technologies Corp. (Canada), EFER Endoscopy (France), EMOS Technology GmbH (Germany), VBM Medizintechnik GmbH (Germany), Hunan Vathin Medical Instrument Co., Ltd. (China), and Machida Endoscope Co., Ltd. (China)

Key developments:

In 2022, Ethicon, a Johnson & Johnson MedTech firm, declared today that the FDA granted 510(k) approval for its Monarch robotic surgery platform. The FDA has given Ethicon’s subsidiary Auris Health permission to use Monarch for endourological treatments. According to company representatives, it is currently the first and only versatile multispecialty robotic solution for use in both urology and bronchoscopy
In 2022, Olympus announced the expansion of its respiratory portfolio with the launch of H-SteriScopes. In order to address the demands of infection prevention campaigns, Olympus announced the availability of its line of single-use foreign body retrieval devices, which gives doctors alternatives for a variety of purposes.
In 2021, The EXALT Model B Single-use Bronchoscope, a single-use device intended for bedside operations in the intensive care unit, operating room, and bronchoscopy suite, received CE Mark approval
In 2022, Olympus announced the strategic co-marketing agreement with Bracco Diagnostics Inc., which is a US subsidiary of Bracco Imaging S.p.A., a major international player in the diagnostic imaging industry. Bracco Imaging S.p.A. is a leader in the creation and delivery of new solutions for medical and surgical operations.
In 2022, Olympus announced that its line of single-use bronchoscopes had been selected for the new Vizient Single-use Visualization Devices contract.
In 2021, FUJIFILM Holdings Corporation announced that its complete portfolio of endoscopy and endosurgery products is available to members of Vizient.

Report Link: ( Bronchoscopy Market )

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