Market Definition
The bronchoscope is a device used to look inside the airways and lungs. The bronchoscope is a narrow tube that has a light and a camera on one end, inserted through the nose or mouth and guiding it down through the trachea to get an inside view of the respiratory system. The bronchoscope is used to diagnose diseases such as lung cancer or infection and to treat medical problems such as a foreign object lodged in the airways. The bronchoscopes are of two types flexible and rigid.
Market Dynamics
Rising prevalence of respiratory diseases is the most significant factor impacting market growth. According to the World Health Organization (WHO), each year 65 million people suffer from the chronic obstructive pulmonary disease (COPD) and 3 million dies from it, which makes it the 3rd leading cause of death globally. According to the World Cancer Research Fund International, in 2018, there were 2 million new cases of lung cancer. About 1.8 million people die each year from Lung cancer. About 4 million people die by prematurely from the chronic respiratory disease globally. Further, increasing demand for minimally invasive surgery is a key driving factor in the market. Patients prefer minimally invasive surgeries (MIS) due to faster recovery time. The MIS procedure causes less operative trauma for the patient. Minimally invasive surgeries cause less post-operative pain and scarring. MIS reduces the risk of incisional infection, and patients get much smaller scars than the traditional open neurosurgery. However, cross-contamination from the reusable bronchoscopes and product recall might hamper the market growth. There are several infections associated with contaminated bronchoscopes. According to the Association of Professionals in Infection Control and Epidemiology, even after proper cleaning and disinfection protocols are used on reusable bronchoscopes, the bronchoscopes were contaminated and damaged and present a serious threat to patient safety. Moreover, technological advancements in bronchoscopes would provide lucrative opportunities for the market in the coming years.
Market Segmentation
The global bronchoscopes market is mainly classified based on type, usability, and end user. Type is further segmented into Flexible Bronchoscopes and Rigid Bronchoscopes. By usability, the market is divided into Reusable and Disposable. By end user, the market is further divided into Hospitals, Ambulatory Surgery Centers, and Others.
The flexible bronchoscope was dominating the global bronchoscopes market in 2019, owing to the increasing regulatory approval of bronchoscopes, technological advancements, and commercialization of new bronchoscopes. For instance, Verathon has expanded its bronchoscopy portfolio by adding the new GlideScope BFlex 5.8 single-use flexible bronchoscope. BFlex is a single-use bronchoscope designed with good image quality and maneuverability for difficult airways and bronchoscopy procedures. Flexible bronchoscopes recovery time is significantly lesser as compared to rigid bronchoscopy. The narrow size of flexible bronchoscope allows for deeper reach into small lumens.
Regional Analysis
Based on geography, the global bronchoscopes market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
North America was dominating the global bronchoscopes market in 2019, due to the increasing prevalence of respiratory diseases in North American countries, commercialization of advance bronchoscopes, and increasing regulatory approval of bronchoscopes. For instance, Olympus has received the FDA clearance of its BF-MP190F. BF-MP190F is a fully rotatable, ultra-slim bronchoscope. The BF-MP190F's benefits during access, sampling and diagnosis of lung diseases such as cancer. BF-MP190F bronchoscope helps to assist in the diagnosis and management of peripheral pulmonary lesions.
Competitive landscape
Key players operating in the bronchoscopes industry include Olympus Corporation, FUJIFILM Holdings Corporation, Medtronic Plc, Boston Scientific, Ambu A/S, Pentax Europe, Karl Storz SE & Co. KG, Cook Medical, Teleflex Incorporated, Richard Wolf GmbH, Vision-Sciences, Inc., and Lymol Medical.
The increasing commercialization of regulatory approval bronchoscopes, the collaboration between companies to jointly develop and market bronchoscopes, rising investment for developing and R&D activities for bronchoscopes and technological advancement in bronchoscopes are some of the strategies adopted by the key players. For instance, PENTAX Medical has introduced the EB19-J10U Ultrasound Video Bronchoscope. PENTAX Medical Ultrasound Video Bronchoscope EB19-J10U is a clinical solution for Endobronchial Ultrasound, designed to provide clear ultrasound imaging of the airway wall, surrounding lymph nodes, and adjacent structures. The EB19-J10U is designed to maximize patient comfort, minimum stress on the operator’s hand, and improved endoscopic visibility. EB19-J10U also features a small ultrasound transducer that is easily maneuvered and superior needle functionality.
Bronchoscopes Market Key Segments:
By Type
- Flexible Bronchoscopes
- Rigid Bronchoscopes
By Usability
By End User
- Hospitals
- Ambulatory Surgery Centers
- Others
Key Global Bronchoscopes Industry Players
- Olympus Corporation
- FUJIFILM Holdings Corporation
- Medtronic Plc
- Boston Scientific
- Ambu A/S
- Pentax Europe
- Karl Storz SE & Co. KG
- Cook Medical
- Teleflex Incorporated
- Richard Wolf GmbH
- Vision-Sciences, Inc.
- Lymol Medical
What Report Provides
- Full in-depth analysis of the parent Industry
- Important changes in market and its dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional growth potential
