Bronchoscopy Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s bronchoscopy market report forecasts the bronchoscopy market size to grow to $3.79 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
Learn More On The Bronchoscopy Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bronchoscopy-global-market-report
Bronchoscopy Market Size Forecast
The global bronchoscopy market is expected to grow from $2.81 billion in 2022 to $3.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bronchoscopy market is expected to grow from $3.79 billion in 2027 at a CAGR of 5.4%.
North America held the largest bronchoscopy market share.
Key Bronchoscopy Market Driver – Growth In Prevalence Of Respiratory Diseases
According to the American Cancer Society 2020, in the United States, about 228,820 new cases of lung cancer and about 135,720 deaths from lung cancer. Therefore, the increasing prevalence of respiratory diseases around the world, especially the COVID-19 outbreak in 2020, will drive the bronchoscopy market.
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Key Bronchoscopy Market Trend – Increasing Use Of Single-Use Flexible Bronchoscopes
The single-use flexible bronchoscopes are increasingly being used to prevent the risk of contamination of devices. The single-use flexible bronchoscopes are longer and thinner tubes that allow seeing the deep areas of the bronchus and are much easier to change and have a clear image of position inside the lung bronchus. The single-use flexible bronchoscopes improve safety and productivity.
Bronchoscopy Market Segment
1) By Product: Bronchoscopes, Imaging Systems, Cytology Brushes, Other Products
2) By Application: Bronchial Treatment, Bronchial Diagnosis
3) By Working Channel Diameter: 2.8 mm, 2.2 mm, 3.0 mm, Other Working Channel Diameters
4) By Patient Age: Adult Patients, Pediatric/Neonate Patients
Bronchoscopy Market Major Players and Strategies
Major players in the bronchoscopy market are Olympus Corporation, Karl Storz, Fujifilm Holdings Corporation, Ambu A/S, Boston Scientific, Hoya Corporation, Richard Wolf GmbH, Cook Medical, Lymol Medical, and F. Hoffmann-La Roche Ltd.
In December 2020, Olympus Corporation, a Japanese medtech company, acquired Veran Medical Technologies for USD 340 million. The acquisition would strengthen Olympus’ position as a leading medical technologies company. Veran Medical Technologies is a US-based provider of medical technology services in the field of Pulmonology.
The Bronchoscopy Global Market Report 2023 covers regional data on bronchoscopy market size, bronchoscopy market trends and drivers, opportunities, strategies, and bronchoscopy market competitor analysis. The countries covered in the bronchoscopy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Bronchoscopy is a technique for visualizing inside airways or lungs for therapeutic and diagnostic purposes. In bronchoscopy, an instrument is inserted into the airways through the nose, mouth, or sometimes through a tracheostomy through which the practitioner can examine the patient’s airways for any infections.
View More Reports Related To The Bronchoscopy Market –
Respiratory Devices And Equipment (Therapeutic) Global Market Report 2022
Respiratory Monitoring Devices Global Market Report 2022
Respiratory Diseases Drugs Global Market Report 2022
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