Global ENT endoscopic and bronchoscopic devices market analysis
Market research analysts at Technavio predict that the global ENT endoscopic and bronchoscopic devices market will grow steadily during the next four years and post a CAGR of almost 4% by 2021. This market research analysis identifies the rising preference for minimally invasive (MI) procedures as one of the primary growth factors for this market.
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This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the predicted period. The presence of well-established bronchoscopy and endoscopy equipment manufacturers in countries such as the US and Canada and the continuous increase in investments for developing the healthcare sector will drive the market’s growth prospects in this region in the coming years.
ENT endoscopic and bronchoscopic devices market report: Competitive landscape and key vendors
The market is characterized by the presence of a number of large and small endoscopy and bronchoscopy equipment manufacturers and appears to be highly fragmented. The competitive environment among the market players is intense, and product pricing, product sensitivity, product differentiation, technology upgrade, and service models are some of the major factors the vendors usually compete on. The Tier-1 companies focus on competing with the top manufacturers in this market, whereas, the Tier-2 and Tier-3 companies focus on improving their R&D activities for making advances in the diagnostics market. To increase their profit margins, the bronchoscopy and endoscopy equipment manufacturers vendors focus on both the direct and distributor sales channels.
ENT endoscopic and bronchoscopic devices market key players
- Aesculap
- Karl Storz
- Olympus
- Teleflex
The other prominent vendors in the market are Arthrex, ENDOSERVICE, Fujifilm, Henke-Saas, Wolf, Maxerendoscopy, PENTAX Medical, Richard Wolf, and Sopro-Comeg (Acteon Group).
Segmentation by product type and analysis of the ENT endoscopic and bronchoscopic devices market
- Endoscopic devices
- Bronchoscopic devices
In 2016, the ENT endoscopy devices segment accounted for the major shares and dominated this market. Due to benefits such as ease of handling, high image quality, and low price, the rigid endoscopic devices are highly preferred in treating sinusitis and middle ear complications. The focus of countries in EMEA and APAC to facilitate their healthcare centers with advanced endoscopes will drive the growth of this market segment in the coming years.
Segmentation by end-user and analysis of the ENT endoscopic and bronchoscopic devices market
This market study estimates that hospitals and clinics were the major end-user segment for ENT endoscopic and bronchoscopic devices during 2016. The increasing support from the governments of countries such as China towards the privatization of healthcare, which will increase the number of private hospitals in the country and the rise in the number of procedures that require ENT endoscopes and bronchoscopes in India, will be major factors boosting the growth of the market in the coming years.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global ENT endoscopic and bronchoscopic devices market?
- What are the key market trends impacting the growth of the global ENT endoscopic and bronchoscopic devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global ENT endoscopic and bronchoscopic devices market?
- What are the market opportunities and threats faced by the vendors in the global ENT endoscopic and bronchoscopic devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global ENT endoscopic and bronchoscopic devices market?
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