Bronchoscopes are introduced in the respiratory tract from the mouth or nose to observe distal branches of the bronchi. They are primary used to diagnose tumors, foreign bodies, infection, inflammation, lung bleeding, and parasites.
According to the Central Drug Control Prevention, about 25 million people suffer from asthma every year. Increasing prevalence of asthma across the globe is accelerating the demand for bronchoscopes. COPD is another major respiratory diseases around the globe. According to the World Health Organization (WHO), in 2015, more than 3 million people died due to COPD across the globe. Apart from this, technological advancements in bronchoscopes such as end bronchial ultrasound are expected to propel market growth in years to come.
The global bronchoscopes market can be segmented by product, usability, application and end user.
On the basis of product, the market can be segmented into rigid bronchoscopes, flexible bronchoscopes, and accessories. Among these, the flexible bronchoscopes segment is expected to account for a significant revenue share during the forecast period.
On the basis of usability, the market can be segmented into disposable and reusable. The reusable segment is expected to hold a major market share, due to the cost-effectiveness of these bronchoscopes.
On the basis of application, the market can be segmented into diagnosis and treatments. Among these, the diagnosis segment is projected to hold a major market share during the forecast period.
Based on end user, the market can be segmented into hospitals, clinics and & ambulatory surgical centers (ASCS) and others. The hospital's segment is expected to hold a major market share during the forecast period.
Geographically, the global bronchoscopes market has been segmented into North America, Europe, Asia- Pacific, and LAMEA.
North America is expected to hold a major market share during the forecast period, owing to the availability of highly-advanced healthcare infrastructure and a large number of healthcare facilities in the region. Technological advancements in the healthcare sector have also been positively influencing market growth.
Europe is the second largest market for bronchoscopes, followed by North America, as result of the strong presence of a huge target population. Additionally, increasing investments in the healthcare sector and growing geriatric population suffering from respiratory diseases are other factors contributing to market growth.
Asia Pacific is expected to witness remarkable growth during the forecast period, owing to the increasing prevalence of respiratory diseases such as asthma, COPD, and rhinosinusitis, and high prevalence of smoking.
The Middle East and Africa region are experiencing steady growth owing to the undeveloped healthcare infrastructure. Growing urbanization, improving healthcare infrastructure, and high disposable income in the Middle Eastern countries are supporting market growth.
Some of the major players in the global bronchoscopes market include Olympus Corporation, Karl Storz, Hoya Group, Ambu Inc., Boston Scientific Corporation, Cogentix Medical., Teleflex Incorporated, Richard Wolf GMBH, Fujifilm Holdings Corporation, and Cook Medical.