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Bronchoscopy Market Size By Product Type (Rigid Bronchoscopes, Flexible Bronchoscopes), By Product Usage (Single Use/ Disposable, Reusable), By Age Group (Adult, Pediatric), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5249
  • Published Date: Apr 2022
  • Report Format: PDF

Industry Overview

Bronchoscopy Market size surpassed USD 2.4 billion in 2021 and is anticipated to foresee 7.9% CAGR from 2022 to 2028. Rising disease burden of chronic respiratory diseases in developing countries is a major factor contributing to the market growth. As per the WHO, Chronic Obstructive Pulmonary Disease (COPD) is one of the major causes of death globally, and about 3.23 million deaths were reported in 2019.
 

Bronchoscopy Market

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Additionally, growing incidence of COVID-19 is expected to have positive impact on bronchoscopy market with its potential application in offering respiratory support to the patients and to reduce risk of mortality. The WHO has also given guidelines for proper and safe use of bronchoscopy during COVID-19. Such initiatives will impel the market share over the forecast timeframe.
 

The COVID-19 outbreak has positively impacted on market in 2020. The upsurge in product demand is due to the substantial patient base suffering from acute respiratory syndrome. Bronchoscopy in severely ill COVID-19 patients requires the management of complications, as well as the collection of samples for microbiological cultures and the assistance of artificial airway management. Thus, the rapidly growing COVID-19 cases globally have positively influenced the demand for bronchoscopy.
 

The bronchoscopy is most common interventional pulmonology technique performed with the bronchoscope. Bronchoscopy can be carried out using either reusable or single-use bronchoscopes. Single-use bronchoscopes can identify problems like tumours, COPD, lung cancer, pneumonia, airway stenosis, bronchitis, and other lung infections. Bronchoscopes, whether single-use or reusable, are used for endoscopic examination, diagnosis, and treatment of the airways and tracheobronchial tree.
 

Growing preference for minimally invasive procedures will boost the market demand

Bronchoscopy market growth is further driven by the increasing demand for minimally invasive procedures, especially, in developed countries. Several benefits associated with minimally invasive procedures, including rapid recovery, reduced surgical complications, effective management of post-surgical pain, and shorter stay in hospitals, are the factors accelerating the demand for minimally invasive procedures in the coming years, positively impacting the industry landscape.
 

Growing awareness regarding minimally invasive bronchoscopy procedures have significantly impacted the market statistics. Additionally, increasing geriatric population across the globe has resulted in growing prevalence of respiratory diseases including asthma. All these factors will positively impact the bronchoscopy demand over the forecast timeframe.
 

Growing adoption of flexible bronchoscopy will bolster the bronchoscopy business growth

Global Bronchoscopy Market Report By Product Type

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Bronchoscopy market based on product type is classified into rigid bronchoscopes, flexible bronchoscopes, and others. Flexible bronchoscopes segment accounted for more than USD 1.3 billion in 2021. Flexible bronchoscopes are tubes that are longer and thinner than traditional bronchoscopes, allowing them to see the bottom part of the bronchus. According to the National Centre of Biotechnological Information, flexible bronchoscopes are considerably easier to move around inside the bronchus and hence provide a clear image.
 

Moreover, these can be used in conjunction with other procedures including laser treatment and endobronchial ultrasonography. Additionally, several advantages associated with flexible bronchoscopy including fast recovery time after flexible bronchoscopy as compared to rigid bronchoscopy and cost-effectiveness will further augment the overall market size.
 

Growing risk of cross contamination during procedures will accelerate the market forecast 

Global Bronchoscopy Market By Product Usage

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Bronchoscopy market based on product usage is classified into single use/ disposable and reusable. Single use/ disposable segment held significant market share and is estimated to witness 8.6% CAGR during the forecast period. Increasing complication related to cross infections among patients by virulent or resistant germs will positively impact the segment growth. Furthermore, significant advantages associated with use of single use or disposable bronchoscopes including ease of compliance with cleaning and disinfection regulations during non-working hours, minimising costs associated to trauma repairs during use or reusing of the equipment. Thus, aforementioned factors are expected to foster the segmental demand.
 

Growing prevalence of asthma among adults will accelerate the bronchoscopy industry landscape 

Bronchoscopy market based on age group is classified into adult and paediatric. Adult segment dominated the market and is estimated to witness 7.9% CAGR during the forecast period. In adults the bronchoscopy is most often used to take sample of suspicious lesions as well as for culturing specific area in the lung. Flexible bronchoscopy is majorly used to treat non-resolving lung abscess, atelectasis, pneumonia, and other diseases in adults. Additionally, increasing prevalence of asthma and other respiratory diseases in adults coupled with availability of different size of bronchoscopes will contribute to the segment expansion.
 

Higher prevalence rate of chronic respiratory diseases in North America region will fortify the industry growth potential

North America Bronchoscopy Market By Country

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North America bronchoscopy market captured nearly 32.8% business share in 2021 and is poised to grow enormously over analysis timeframe. The substantial growth is primarily attributable to the high prevalence rate of COPD and lung cancer in the region. For instance, as per the American Lung Association, about 16.4 million people were reported with one of the COPD in 2018. Furthermore, smoking, high tobacco consumption, and environmental changes are further contributing to the rising incidence of respiratory diseases.
 

Additionally, according to the data published by World Health Organization, in 2020 approximately 227,875 new cases of lung cancer were recorded in U.S. Therefore, increasing prevalence of chronic respiratory diseases along with high disposable income in the region will augment the North America bronchoscopy industry growth in the forthcoming period.
 

Product development and approvals by prominent market players will offer competitive edge over others

Some of the notable market players operating in the bronchoscopy market include Hoya Corporation, Conmed Corporation, Teleflex Incorporated, Boston Scientific, Medtronic, Ambu A/S, Auris Health (Johnson & Johnson), Verathon, Cook Medical, Richard Wolf GmbH, Broncus Medical Inc, among others. These market players are adopting numerous growth strategies such as collaborations, acquisitions & mergers, partnerships, and product launches to sustain competition in the bronchoscopy market.
 

Some of the recent industry developments:

  • In August 2021, Boston Scientific Corporation has announced U.S. FDA approval for Single-Use Bronchoscope EXALT MODEL B which is designed to use in bedside procedures within the operating room (OR) and intensive care unit (ICU). This has broadened customer reach & strengthened bronchoscopy product portfolio in market.
     
  • In September 2020, PENTAX Medical, has launched the EB19-J10U Ultrasound Video Bronchoscope. This help physicians to obtain clear ultrasound imaging of the airway wall, surrounding lymph nodes, and adjacent structures. Such developments help company to strengthen its market offerings in bronchoscopy.
     

The bronchoscopy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028, for the following segments:

By Product Type

  • Rigid Bronchoscopes
  • Flexible Bronchoscopes
  • Others

By Product Usage

  • Single Use/ Disposable
  • Reusable

By Age Group

  • Adult
  • Pediatric

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Global market size for bronchoscopy exceeded USD 2.4 billion in 2021 and is set to grow at a CAGR of 7.9% between 2022 and 2028 owing to the growing burden of chronic respiratory diseases in developing countries.

Flexible bronchoscopy industry value surpassed USD 1.3 billion in 2021 and will expand on account of numerous advantages such as fast recovery time and cost-effectiveness.

North American market for bronchoscopy accounted for around 32.8% of the overall industry revenue in 2021 and is depicted to grow due to the high prevalence rate of COPD.

Prominent players operating in the bronchoscopy industry comprise Boston Scientific, Hoya Corporation, Verathon, Teleflex Incorporated, Richard Wolf GmbH, Cook Medical, and others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 11
  • Tables & Figures: 174
  • Countries covered: 16
  • Pages: 150

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