Global Bronchoscopy Market Size, Demand, Analysis and Opportunity Forecast 2027

The global bronchoscopy market in terms of revenue was estimated to be worth $2.5 billion in 2022 and is poised to reach $3.7 billion by 2027, growing at a CAGR of 7.9% from 2022 to 2027. Market growth is largely driven by the rising prevalence of respiratory diseases, growing hospital investments in bronchoscopy facilities, and technological improvement in bronchoscopes. On the other hand, risk associated with the bronchoscopy procedures is a major restrains to the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40057877 Market Growth Drivers Rising prevalence of respiratory diseases Increasing cases of lung cancer Growing demand for minimally invasive surgeries Growing hospital investments in bronchoscopy facilities Technological advancements Market Growth Opportunities Growing healthcare market in emerging economies Development of Novel Bronchoscopy Devices Increasing Awareness Market Challenges Dearth of trained physicians and pulmonologists Lack of awareness among patients and healthcare providers Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=40057877 The flexible bronchoscopes are accounted to hold the highest CAGR of the bronchoscopy market, by product during forecasted period. Based on product, the bronchoscopy equipment market is segmented into bronchoscopes, imaging systems, accessories, and other bronchoscopy equipment. The bronchoscopes segment accounted for the highest CAGR of the bronchoscopy equipment market in 2021. The highest CAGR of this segment can be attributed to the high cost of bronchoscopes compared to imaging systems and accessories, the increasing prevalence of lung cancer, and technological advancements The disposable equipments are accounted to hold the highest CAGR of the bronchoscopy market, by usability during forecasted period. Based on usability, the bronchoscopy equipment market is segmented into reusable equipment and disposable equipment. The highest CAGR of this segment can be attributed to the risk of infection associated with the use of reusable equipment has driven attention toward disposable equipment and is the major factor driving market growth in this segment, particularly given the increasing demand for minimally invasive techniques with the growing threat of multidrug antibiotic resistance The adult patients are accounted to hold the highest CAGR of the bronchoscopy market, by patients forecasted period. Based on On the basis of patients, the bronchoscopy equipment market is segmented into adult patients and pediatric patients. The adult patients segment accounted for the highest CAGR of the bronchoscopy equipment market forecasted period. The highest CAGR of this segment can be attributed to the high image quality achieved through reusable bronchoscopes and the availability of reusable accessories. North America accounted the largest share of the bronchoscopy industry in 2021. The large share of the North American market can be attributed to the increasing incidence and prevalence of chronic respiratory diseases, favorable reimbursement scenario in the US, the rising incidence of lung cancer in Canada, rapid increase in healthcare expenditure, easy accessibility to advanced technologies, and the strong presence of market players in the region Key Players: Corporation (Japan), KARL STORZ (Germany), Ambu A/S (Denmark), Boston Scientific Corporation (US), Ethicon (US), FUJIFILM Holdings Corporation (Japan), Medtronic (Ireland), HOYA Corporation (Japan), Richard Wolf GmbH (Germany), Cook Medical (US), Broncus Medical Inc. (China), CONMED (US), Roper Technologies (US), Teleflex Incorporated (US), Laborie Medical Technologies Corp. (Canada), EFER Endoscopy (France), EMOS Technology GmbH (Germany), VBM Medizintechnik GmbH (Germany), Hunan Vathin Medical Instrument Co., Ltd. (China), and Machida Endoscope Co., Ltd. (China) Key developments: In 2022, Ethicon, a Johnson & Johnson MedTech firm, declared today that the FDA granted 510(k) approval for its Monarch robotic surgery platform. The FDA has given Ethicon’s subsidiary Auris Health permission to use Monarch for endourological treatments. According to company representatives, it is currently the first and only versatile multispecialty robotic solution for use in both urology and bronchoscopy In 2022, Olympus announced the expansion of its respiratory portfolio with the launch of H-SteriScopes. In order to address the demands of infection prevention campaigns, Olympus announced the availability of its line of single-use foreign body retrieval devices, which gives doctors alternatives for a variety of purposes. In 2021, The EXALT Model B Single-use Bronchoscope, a single-use device intended for bedside operations in the intensive care unit, operating room, and bronchoscopy suite, received CE Mark approval In 2022, Olympus announced the strategic co-marketing agreement with Bracco Diagnostics Inc., which is a US subsidiary of Bracco Imaging S.p.A., a major international player in the diagnostic imaging industry. Bracco Imaging S.p.A. is a leader in the creation and delivery of new solutions for medical and surgical operations. In 2022, Olympus announced that its line of single-use bronchoscopes had been selected for the new Vizient Single-use Visualization Devices contract. In 2021, FUJIFILM Holdings Corporation announced that its complete portfolio of endoscopy and endosurgery products is available to members of Vizient. 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