Bronchoscopy Market by Product and Geography - Forecast and Analysis 2022-2026
| Published: Oct 2022 | Pages: 130 | SKU: IRTNTR74595 |
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.
Bronchoscopy Market Overview:
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Bronchoscopy Market Covid Recovery Analysis:
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.
Bronchoscopy Market: Key Drivers, Trends, Challenges
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.
Key Bronchoscopy Market Driver
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.
Significant Bronchoscopy Market Trends
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.
Major Bronchoscopy Market Challenge
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.
Who are the Major Bronchoscopy Market Vendors?
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:
- 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.
- Roper Technologies Inc.
- Teleflex Inc.
- VBM Medizintechnik GmbH
- Zhuhai Kaden Medical Imaging Technology Co. Ltd.
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.
Bronchoscopy Market Segmentation by Product, Geography
Product Analysis
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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Geographical Analysis
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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.
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Bronchoscopy Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.84% |
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Market growth 2022-2026 |
USD 1 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.6 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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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. |
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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 |
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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. |
What are the Key Data Covered in this Bronchoscopy Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive bronchoscopy market growth during the next five years
- Precise estimation of the bronchoscopy market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the bronchoscopy market industry across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bronchoscopy market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Bronchoscopes - Market size and forecast 2021-2026
- Exhibit 28: Chart on Bronchoscopes - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Bronchoscopes - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Bronchoscopes - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Bronchoscopes - Year-over-year growth 2021-2026 (%)
- 5.4 Imaging systems - Market size and forecast 2021-2026
- Exhibit 32: Chart on Imaging systems - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Imaging systems - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Imaging systems - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Imaging systems - Year-over-year growth 2021-2026 (%)
- 5.5 Accessories - Market size and forecast 2021-2026
- Exhibit 36: Chart on Accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Accessories - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Accessories - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Accessories - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 58: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 62: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Ambu AS
- Exhibit 93: Ambu AS - Overview
- Exhibit 94: Ambu AS - Business segments
- Exhibit 95: Ambu AS - Key offerings
- Exhibit 96: Ambu AS - Segment focus
- 10.4 Boston Scientific Corp.
- Exhibit 97: Boston Scientific Corp. - Overview
- Exhibit 98: Boston Scientific Corp. - Business segments
- Exhibit 99: Boston Scientific Corp. - Key news
- Exhibit 100: Boston Scientific Corp. - Key offerings
- Exhibit 101: Boston Scientific Corp. - Segment focus
- 10.5 Cook Group Inc.
- Exhibit 102: Cook Group Inc. - Overview
- Exhibit 103: Cook Group Inc. - Product / Service
- Exhibit 104: Cook Group Inc. - Key offerings
- 10.6 FUJIFILM Holdings Corp.
- Exhibit 105: FUJIFILM Holdings Corp. - Overview
- Exhibit 106: FUJIFILM Holdings Corp. - Business segments
- Exhibit 107: FUJIFILM Holdings Corp. - Key news
- Exhibit 108: FUJIFILM Holdings Corp. - Key offerings
- Exhibit 109: FUJIFILM Holdings Corp. - Segment focus
- 10.7 KARL STORZ SE and Co. KG
- Exhibit 110: KARL STORZ SE and Co. KG - Overview
- Exhibit 111: KARL STORZ SE and Co. KG - Product / Service
- Exhibit 112: KARL STORZ SE and Co. KG - Key news
- Exhibit 113: KARL STORZ SE and Co. KG - Key offerings
- 10.8 Medtronic Plc
- Exhibit 114: Medtronic Plc - Overview
- Exhibit 115: Medtronic Plc - Business segments
- Exhibit 116: Medtronic Plc - Key news
- Exhibit 117: Medtronic Plc - Key offerings
- Exhibit 118: Medtronic Plc - Segment focus
- 10.9 Nipro Corp.
- Exhibit 119: Nipro Corp. - Overview
- Exhibit 120: Nipro Corp. - Business segments
- Exhibit 121: Nipro Corp. - Key offerings
- Exhibit 122: Nipro Corp. - Segment focus
- 10.10 Olympus Corp.
- Exhibit 123: Olympus Corp. - Overview
- Exhibit 124: Olympus Corp. - Business segments
- Exhibit 125: Olympus Corp. - Key news
- Exhibit 126: Olympus Corp. - Key offerings
- Exhibit 127: Olympus Corp. - Segment focus
- 10.11 Richard Wolf GmbH
- Exhibit 128: Richard Wolf GmbH - Overview
- Exhibit 129: Richard Wolf GmbH - Product / Service
- Exhibit 130: Richard Wolf GmbH - Key offerings
- 10.12 Roper Technologies Inc.
- Exhibit 131: Roper Technologies Inc. - Overview
- Exhibit 132: Roper Technologies Inc. - Business segments
- Exhibit 133: Roper Technologies Inc. - Key offerings
- Exhibit 134: Roper Technologies Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 135: Inclusions checklist
- Exhibit 136: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 137: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 138: Research methodology
- Exhibit 139: Validation techniques employed for market sizing
- Exhibit 140: Information sources
- 11.5 List of abbreviations
- Exhibit 141: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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bronchoscopy market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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