Bronchoscope Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bronchoscope Market Analysis
The bronchoscope market is expected to register a CAGR of 7.2% over the forecast period.
The application of a bronchoscope for examining COVID-19 and associated diseases has positively impacted the market's growth. Pneumonia caused by COVID-19 was likely to cause hypoxemia and respiratory failure, necessitating a bronchoscope for the examination. For instance, as per an article published by the European Respiratory Society, in April 2021, in critically ill patients with COVID-19, bronchoscopy allows the removal of mucus plugs and intrabronchial clots and the resolution of atelectasis, thereby improving mechanical ventilation. Furthermore, according to Ambu A/S annual report, 2021/22, the bronchoscopy industry experienced challenges due to high market inventories and greater competition, particularly in the American market, brought on by the high comparative from 2020/21. Despite the year's lower performance compared to pre-COVID-19, bronchoscopy business revenue worldwide increased by 70%, indicating the switch from reusable endoscopy to single-use equipment. Therefore, the COVID-19 pandemic has profoundly impacted the bronchoscope market since the pandemic.
The growing burden of respiratory diseases and lung cancer, hospital investment in bronchoscopy facilities, and technological advancements are expected to drive the bronchoscope market. For instance, as per the American Cancer Society 2022, lung cancer (both small and non-small cell) is the second most common cancer in both men and women in the United States. Furthermore, according to the Forum of International Respiratory Societies report 2022, approximately 200 million people are estimated to have COPD, and 262 million are affected by Asthma. With such a high prevalence of respiratory disease and a rise in cancer cases, the demand for bronchoscopes is expected to increase to diagnose this disease, eventually driving the market.
Moreover, market players frequently launch new products and adopt various growth strategies in their respective segments, likely to drive market growth. For instance, in April 2021, Olympus announced the expansion of its respiratory portfolio with the launch of our first line of single-use bronchoscopes, the H-SteriScopes. Veran Medical Technologies, Inc., a wholly owned Olympus subsidiary, and Hunan Vathin Medical Instrument Co., Ltd. worked together to launch the H-SteriScope range. Additionally, in May 2021, PENTAX Medical Europe obtained a CE mark for its new single-use bronchoscope - the PENTAX Medical ONE Pulmo. This innovative product provides high-quality care without compromising pulmonary care. The PENTAX Medical ONE Pulmo is a single-use bronchoscope with superior suction power and HD image quality.
Thus, the abovementioned factors are impacting the market growth of the bronchoscope market. However, the high overhead cost of bronchoscopy procedures will hinder market growth over the forecast period.
Bronchoscope Market Trends
Single Use Bronchoscope Segment is Expected to Witness High Growth Over the Forecast Period
Anesthetists use the single-use flexible bronchoscope in an ICU or peri-operative setting where they perform to an acceptable level compared to reusable, flexible bronchoscopes combined with the distinct advantage of a reduced risk of infection owing to their sterility. Single-use flexible bronchoscopes eliminate cross-contamination from reusable bronchoscopes and are cost-effective in several clinical settings. These are helpful for the detection of diseases like tumors, COPD, cancer of the lungs, and many more. For instance, according to the study published by the National Library of Medicine, in January 2022, in certain circumstances in the bronchoscopy and intensive care units, using a single-use bronchoscope over a reusable bronchoscope confers an advantage due to its portability, immediate availability, and theoretically lower risk of clinically relevant infections. Furthermore, according to an article published by the National Library of Medicine, in January 2022, a single-use flexible bronchoscope is cost-effective when solely looking at cross-contamination and possible subsequent infections with bronchoscopes in a typical ICU setting compared with reusable flexible bronchoscope. Thus, the above benefits of a single-use bronchoscope over the reusable bronchoscope are expected to boost segment growth.
Furthermore, the technological product advancements by significant market players are expected to boost segment growth. For instance, in August 2021, Boston Scientific Corporation received U.S. FDA 510(k) clearance for the EXALT Model B Single-Use Bronchoscope, designed for use in bedside procedures within the intensive care unit (ICU) and operating room. Such advancement is expected to drive the market's growth over the forecast period. Thus, all factors above are expected to boost segment growth over the forecast period.
North America is Expected to Dominate the Bronchoscope Market Over the Forecast Period
North America is expected to hold a significant market share in the bronchoscope market due to the increasing number of bronchoscopy procedures and higher prevalence rates of respiratory diseases such as COPD, pneumonia, and lung cancer. For instance, according to the NCBI report of June 2021, around 500 thousand procedures of bronchoscopies are performed in the United States every year. Furthermore, as per ACS, the estimated number of lung cancer expected to be diagnosed in the United States in 2022 is about 236,740 new cases. Similarly, according to the Canadian Cancer Society, about 30,0000 new lung cancer cases will be recorded in Canada in 2022. This indicates the burden of lung cancer in the region, which results in the market's growth as there is a high demand for bronchoscopes in North America. Hence, it is expected to boost the bronchoscope market growth.
New product launches will also favor the overall segment growth over the forecast period. For instance, in July 2021, Verathon launched the GlideScope BFlex single-use bronchoscope, which provides the accessibility of a single-use bronchoscope while delivering the images and control typically associated with a reusable bronchoscope. Such regional advancement is expected to boost market growth. Thus, owing to the abovementioned factors, the studied market in the North American region is expected to project development over the forecast period.
Bronchoscope Industry Overview
The bronchoscope market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold market shares and are well known, including Teleflex Inc., Karl Storz GmbH, Olympus Corporation, Lymol Medical, Fujifilm Holdings Corporation, Broncus Medical Inc, Novatech SA, Boston Scientific Corporation, Pentax Medical, and Ambu A/S, among others.
Bronchoscope Market Leaders
-
Teleflex Inc.
-
Olympus Corporation
-
Ambu A/S
-
Karl Storz GmbH
-
Fujifilm Holdings Corporation
*Disclaimer: Major Players sorted in no particular order
Bronchoscope Market News
- In July 2022, Ambu Inc. revealed that Ambu aScopeTM 5 Broncho, a family of single-use, sterile bronchoscopes, has received 510(k) regulatory clearance from the United States Food and Drug Administration (FDA).
- In May 2022, Olympus was awarded a group purchasing agreement in the Single-Use Visualization Devices category for its single-use bronchoscope portfolio with Premier, Inc. The Olympus single-use bronchoscope portfolio was of the five premium H-SteriScope single-use bronchoscopes that are used in complement with Olympus' leading re-usable bronchoscope portfolio.
Bronchoscope Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Respiratory Diseases and Lung Cancer
4.2.2 Growing Hospital Investment in Bronchoscopy Facility
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 High Overhead Cost of Bronchoscopy Procedure
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Product Type
5.1.1 Rigid
5.1.2 Flexible
5.1.3 Accessories
5.2 By Usage
5.2.1 Single Use Bronchoscope
5.2.2 Reusable Bronchoscope
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Ambu A/S
6.1.2 Boston Scientific Corporation
6.1.3 Broncus Medical Inc.
6.1.4 Fujifilm Holdings Corporation
6.1.5 Karl Storz GmbH
6.1.6 Lymol Medical
6.1.7 Novatech SA
6.1.8 Olympus Corporation
6.1.9 Pentax Medical
6.1.10 Teleflex Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Bronchoscope Industry Segmentation
As per the scope, a bronchoscope is used in examining the trachea, windpipe, and lungs, and it mainly consists of a hollow metal tube or a thinner tube with an attached fiberoptic or video camera for transmitting the image. The Bronchoscope Market is Segmented by Product Type (Rigid, Flexible, and Accessories), Usage (Single Use Bronchoscope and Reusable Bronchoscope), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product Type | |
| Rigid | |
| Flexible | |
| Accessories |
| By Usage | |
| Single Use Bronchoscope | |
| Reusable Bronchoscope |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Bronchoscope Market Research FAQs
What is the current Bronchoscope Market size?
The Bronchoscope Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Bronchoscope Market?
Teleflex Inc., Olympus Corporation , Ambu A/S, Karl Storz GmbH and Fujifilm Holdings Corporation are the major companies operating in the Bronchoscope Market.
Which is the fastest growing region in Bronchoscope Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bronchoscope Market?
In 2024, the North America accounts for the largest market share in Bronchoscope Market.
What years does this Bronchoscope Market cover?
The report covers the Bronchoscope Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bronchoscope Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bronchoscopes Industry Report
Statistics for the 2024 Bronchoscopes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bronchoscopes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Bronchoscopes Market Report Snapshots
