Bronchoscope Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Product Type (Rigid, Flexible and Accessories), By Usage and Geography.

Market Snapshot

Market Snapshot-Bronchoscope
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7 %

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Market Overview

The Bronchoscope Market is expected to register a CAGR of 7 % during the forecast period. Bronchoscope is a device that is used in bronchoscopy for diagnosis of lower respiratory diseases. Increase in number of cases related to respiratory diseases and developments related to products is expected to have a major impact on the bronchoscope market. According to the World Health Organization, in 2018, around 2.09 million cases of lung cancer were reported. This might increase the demand for minimally invasive procedures and thereby expected to boost the bronchoscope market growth. However, risk of contamination of devices may hinder the growth of bronchoscope market and is among the major restraints to this market. 

 

Scope of the Report

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 attached fiberoptic or video camera for transmitting the image. Bronchoscope Market is segmented By Product Type, Usage and Geography.

By Product Type
Rigid
Flexible
Accessories
By Usage
Single Use Bronchoscope
Reusable Bronchoscope
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Flexible Bronchoscope Segment is Expected to Hold a Major Market Share in the Bronchoscope Market

  • Bronchoscope is the major tool which is used in bronchoscopy, mainly divided into two types – rigid and flexible
  • Flexible bronchoscopes are longer and thinner tubes that allows to see lower area of the bronchus. According to National Centre of Biotechnological Information, flexible bronchoscope is much easier to change the position inside the bronchus and thus enables to give a clear image. Also, it can be practiced simultaneously with the other procedures such as laser treatment and endobronchial ultrasound.
  • Furthermore, flexible bronchoscope is less expensive which may increase the adoption of it and thereby expected to influence positively on the bronchoscope market. According to the published report of National Centre of Biotechnology Information on cost-effectiveness of single-use flexible video bronchoscopes, it was revealed that bronchoscopy procedures that involved single-use flexible video bronchoscopes around 118 USD was saved per procedure. Hence, it is expected to impel the bronchoscope market growth.
Bronchoscope Trends 2.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global bronchoscope market due to increasing number of bronchoscopy procedures and higher prevalence rates of respiratory diseases such as lung cancer. According to the American Cancer Society, approximately 228,820 new cases of lung cancer were recorded in 2020, thereby expected to increase the demand for bronchoscope devices. According to the National Centre of Biotechnology Information, around 500,000 procedures of bronchoscopy is performed in the US every year. Hence, it is expected to boost the bronchoscope market growth.

Bronchoscope Market - Growth Rate by Region-Image

Competitive Landscape

The Bronchoscope Market is fragmented and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are 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

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Respiratory Diseases

      2. 4.2.2 Increase in Research & Development Activities

    3. 4.3 Market Restraints

      1. 4.3.1 Risk of cross contamination in reusable bronchoscope

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Rigid

      2. 5.1.2 Flexible

      3. 5.1.3 Accessories

    2. 5.2 By Usage

      1. 5.2.1 Single Use Bronchoscope

      2. 5.2.2 Reusable Bronchoscope

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ambu A/S

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Broncus Medical Inc.

      4. 6.1.4 Fujifilm Holdings Corporation

      5. 6.1.5 Karl Storz GmbH

      6. 6.1.6 Lymol Medical

      7. 6.1.7 Novatech SA

      8. 6.1.8 Olympus Corporation

      9. 6.1.9 Pentax Medical

      10. 6.1.10 Teleflex Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Bronchoscope Market market is studied from 2018 - 2026.

The Bronchoscope Market is growing at a CAGR of 7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Teleflex Inc., Karl Storz GmbH , Olympus Corporation , Fujifilm Holdings Corporation , Ambu A/S are the major companies operating in Bronchoscope Market.

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