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The global bronchoscopy market size is estimated to grow by USD 1 billion between 2021 to 2026 accelerating at a CAGR of 6.84%.
This bronchoscopy market report extensively covers market segmentation by Product (bronchoscope, imaging systems, accessories, and others) and Geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
Factors such as technological advances in bronchoscopy, increasing prevalence of lung cancer and pulmonary diseases, and expanding applications of bronchoscopy are the major factors driving the market growth.
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The COVID-19 pandemic has raised the demand for bronchoscopy due to the respiratory distress caused by the disease. The rising number of infected individuals has also led to an increase in demand for rapid testing kits. Some companies offer bronchoscopy as a method for COVID-19 testing. As a result, the bronchoscopy market in North America experienced growth in 2020 and 2021. However, as lockdown restrictions are being lifted due to mass vaccination drives and government initiatives, business operations are returning to normal, leading to the expected growth of the global bronchoscopy market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Bronchoscopy technology has rapidly advanced due to electronics and micro-technology which is a prominent driver propelling the market growth. This has led to safer and earlier diagnoses of pulmonary diseases, better patient outcomes, and a significant impact on lung cancer management. Bronchoscopes with smaller diameters and radial and convex ultrasound probes enable accurate localization and biopsy of pulmonary lesions. Three-dimensional reconstruction and navigational bronchoscopy aid in peripheral pulmonary lesion targeting. Optical coherence tomography and confocal microscopy allow lesion analysis on a cellular level. Endobronchial ultrasound revolutionizes lung cancer diagnosis and staging. Cryotherapy is an emerging therapeutic and diagnostic tool. Bronchoscopy lung volume reduction with endobronchial valves or coils is a valuable adjunct to COPD pharmacology therapy. These advances are driving the growth of the global bronchoscopy market, with vendors offering technologically advanced devices to improve diagnosis and treatment.
TBCB is an emerging technology for diagnosing interstitial lung disease (ILD) that is gaining more attention. While surgical lung biopsy is recommended as the primary method for obtaining histopathologic information for ILD diagnosis, it is associated with high morbidity and mortality rates. TBCB provides larger specimens and avoids the crush artifact seen in conventional transbronchial forceps biopsy. It also reduces the median hospitalization time and mortality rate compared to surgical lung biopsy, making it a safer and minimally invasive alternative. Thus, the demand for TBCB is increasing as a substitute for surgical lung biopsy and standard transbronchial forceps biopsy.
Bronchoscopy devices and procedures are expensive, with costs varying based on features and increasing with technological advancements. Portable, flexible video bronchoscopes cost an average of USD 15,500 and reusable bronchoscopes have additional costs for repairs, reprocessing, and maintenance, which can cost USD 100- USD 300. Hospitals and healthcare facilities also need to spend more money training their staff to handle and reprocess bronchoscopes, as well as performing advanced procedures. The average cost of a bronchoscopy, including hospital and consultation fees, is about USD 5,000.
Advanced procedures such as EBUS bronchoscopy require a significant investment in equipment and training, which many smaller hospitals cannot afford due to low patient turnover. Despite this, healthcare facilities do not receive additional reimbursement for these advanced procedures compared to standard bronchoscopy, making it difficult for the global bronchoscopy market to grow.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Richard-wolf- The company offers industrial safety gloves such as S Tex and Duracoil.
The report also includes detailed analyses of the competitive landscape of the market and information about prominent and key market vendors, including:
Technavio’s report consists of a holistic analysis of the key development Analysis, development stage, key market players, their marketing strategies, and powerful innovations to help any client gain a competitive edge.
The bronchoscopy market share growth in the bronchoscope segment will be significant during the forecast period. A bronchoscope is an instrument that is inserted through the nose or mouth or occasionally through a tracheostomy to visualize the airways in patients with lung cancer and pulmonary diseases for diagnostic and therapeutic purposes. Flexible bronchoscopes include flexible fiberscopes and video scopes. Flexible fiberscopes are the standard type that has been in use in hospitals, ambulatory surgery centers (ASCs), diagnostic laboratories, and other healthcare facilities for a long time.
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44% of the market’s growth will originate from North America during the forecast period. The US, Germany, the UK, China, and Japan are the key markets for bronchoscopy market in North America. Market growth in this region will be slower than the growth in regions.
The technological advances in bronchoscopy will facilitate the bronchoscopy market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
Bronchoscopy Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.84% |
Market growth 2022-2026 |
USD 1 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.6 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 44% |
Key consumer countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Ambu AS, Boston Scientific Corp., Cook Group Inc., EFER ENDOSCOPY, EMOS Technology GmbH, FUJIFILM Holdings Corp., Genuine Medica Pvt. Ltd., HOYA Corp., Hunan Vathin Medical Instrument Co. Ltd., Jiangsu Mole ELectronics Technology Co. Ltd., KARL STORZ SE and Co. KG, Medi-Globe GmbH, Medtronic Plc, Nipro Corp., Olympus Corp., Richard Wolf GmbH, Roper Technologies Inc., Teleflex Inc., VBM Medizintechnik GmbH, and Zhuhai Kaden Medical Imaging Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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