New York, NY, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Bronchoscopes Market by Modality (Rigid and Flexible), by Usage (Reusable and Disposable), by Application (Bronchial Diagnosis and Bronchial Treatment), and by End-User (Hospitals, Outpatient Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global bronchoscopes market was valued at approximately USD 12,465 million in 2018 and is expected to generate around USD 21,416 million by 2025, at a CAGR of around 8% between 2019 and 2025.
The use of bronchoscopes has experienced a tremendous shift from conventional invasive procedures to advanced and minimally invasive devices and procedures in the last few years. The development and advancement of bronchoscopes, such as autofluorescence or blue-light bronchoscopy, navigational bronchoscopy, white-light bronchoscopy, etc., are likely to drive the global bronchoscopes market in the future. Moreover, the increasing number of cancer and COPD (chronic obstructive pulmonary disorders) cases due to excess smoking, pollution, and consumption of alcohol is likely to boost the bronchoscopes market in the years ahead. Furthermore, the rising incidences of pulmonary fibrosis, occupational sarcoidosis, interstitial pneumonitis, idiopathic pulmonary fibrosis, and pulmonary hemorrhage are also projected to propel the bronchoscopes market growth in the upcoming years.
Browse through 71 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Bronchoscopes Market: By Type, Size, Share, Industry Trends, Segments, Analysis and Forecast 2018–2025”.
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The global bronchoscopes market is segmented on the basis of modality, usage, application, and end-user. By modality, the market is segmented into rigid and flexible bronchoscopes. The flexible bronchoscopes are further segmented into the video, fiber optic, and hybrid bronchoscopes. The flexible bronchoscopes are likely to contribute a notable market share, in terms of revenue, in the future, as they provide high-quality video at economical costs. The fiber optic sub-segment dominated the flexible bronchoscopes segment in 2018, due to its high-quality resolution videos, which resulted in easy identification of infections in deeper levels of bronchioles and tumors. Additionally, recovery time is considerably less in flexible bronchoscopes as compared to rigid bronchoscopes. The narrow device size allows a deeper reach into small-sized lumens. By usage, the market is divided into reusable and disposable. The reusable bronchoscopes held the largest market share in 2018 in terms of revenue, due to their cost-effectiveness and multi-usage. Thus, more than 400 bronchoscopy procedures are performed every year, which is likely to drive this segment’s growth in the future. The application segment is divided into bronchial diagnosis and bronchial treatment. The bronchial diagnosis segment held a major share of the bronchoscopes market in 2018. Bronchoscopes are valuable tools for the management and evaluation of airway diseases, as they are used to evaluate various broncho-pulmonary diseases, such as COPD, airway foreign bodies, tumors, airway stenosis, broncho-pulmonary hemorrhage, inflammatory conditions, and infectious diseases.
By end-user, the market is segmented into hospitals, outpatient centers, and others. Hospitals held a major market share in 2018, due to the ease in monitoring and operating of these devices and enhanced utilization of device applications to deliver early emergency care at affordable rates to patients. Due to the growing use of mobile care facilities, hospitals help patients use healthcare services and reduce stress faster.
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By region, North America and Europe held major shares of the global bronchoscopes market. With the growing prevalence of psychiatric and movement disorders and increasing geriatric population, North America is likely to lead the bronchoscopes market globally in the future. As per the CDC (Centers for Disease Control and Prevention), around 220,000 people in the U.S. were diagnosed with lung cancer in 2014. Furthermore, the WHO stated that the highest lung cancer mortality rate, i.e., per 10,000 in 2013, was from Central and Eastern Europe, which, in turn, further fuels the growth of the bronchoscopes market in Europe. In 2015, as per the Centers for Medicare and Medicaid Services, the U.S.’ spending on healthcare increased by 5.8%. Additionally, the increasing government financial support for R&D activities is further projected to drive the North American bronchoscopes market. With the presence of well-developed healthcare sector, growing healthcare spending, and increasing prevalence of COPD, the European bronchoscopes market is likely to grow rapidly.
Asia Pacific is estimated to show the highest growth rate in the bronchoscopes market globally in the future, owing to the venture capital investments and government funding in India and China in the field of bronchoscopes and bronchoscopes research support in Japan along with improving bronchoscopes infrastructure and a growing number of bronchoscopes surgeries in India. Furthermore, growing awareness about the availability of various treatments, huge population base, increasing patient inflow, and rising healthcare expenditure are also likely to further drive the market growth for bronchoscopes in this region.
Browse the full “Bronchoscopes Market by Modality (Rigid and Flexible), by Usage (Reusable and Disposable), by Application (Bronchial Diagnosis and Bronchial Treatment), and by End-User (Hospitals, Outpatient Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/bronchoscopes-market
Latin America and the Middle East and Africa are likely to show slow growth in this market, owing to the availability of huge business growth opportunities and funds provided by the government to the companies and manufacturers to develop new products. Furthermore, the firms in these regions are conducting research activities for bringing an improvement in patient healthcare in these regions, especially in Mexico, South Africa, and Brazil.
Some leading players of the global bronchoscopes market are Fujifilm Holdings Corporation, Olympus Corporation, Ambu A/s, Karl Storz, Teleflex Incorporated, Cogentix Medical, and Boston Scientific Corporation, among others.
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This report segments the global bronchoscopes market into:
Global Bronchoscopes Market: Modality Analysis
- Rigid
- Flexible
- Video
- Fiber optic
- Hybrid
Global Bronchoscopes Market: Usage Analysis
- Reusable
- Disposable
Global Bronchoscopes Market: Application Analysis
- Bronchial Diagnosis
- Bronchial Treatment
Global Bronchoscopes Market: End-User Analysis
- Hospitals
- Outpatient Centers
- Others
Global Bronchoscopes Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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