Market Scenario
The rapid incorporation of advanced technology and multi-functioning devices in medical practices has simplified the complex diagnosis and treatment procedures of various diseases. Bronchoscope is one such device that is extensively used for carrying out endoscopic procedures on an individual’s respiratory tract. According to the report that has been published by Market Research Future (MRFR), the global bronchoscopes market is anticipated to expand at a robust CAGR of 7.4% during the forecast period of 2016-2023 and is estimated to reach USD 2,244.4 Mn by the end of 2023.
Increasing prevalence of respiratory diseases and lung cancer are inducing high demand for technologically advanced diagnostic devices in the global market. Improvement in the healthcare infrastructure and increasing research and development expenditure for introduction of efficient and minimal invasive diagnostic and treatment techniques are driving the global bronchoscopes market.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4483
Wide spread application of bronchoscopes for visual diagnostic purposes such as to view abnormalities in the respiratory tract, to obtain tissue specimens from lungs by biopsy and to evaluate lung bleeding, possible lung cancer, chronic cough and others are fueling the growth of the global bronchoscopes market.
Advancement in medical technology has led to the development of flexible bronchoscopes that are being used for therapeutic purposes such as removal of secretions, blood or foreign objects obstructing the air flow in respiratory tract, which is resulting in the expansion of the global bronchoscopes market. On the flipside, risk of infection, damage to vocal cord and pneumothorax caused during bronchoscopy are likely to create hindrance in the growth of the global bronchoscope market during the forecast period.
Segmentation
The global bronchoscopes market is segmented on the basis of types, application, and end users.
On the basis of types, the market is segmented into rigid bronchoscopes, and flexible bronchoscopes. Flexible bronchoscopes are further sub-segmented into fiber optic bronchoscopes, and video bronchoscopes.
On the basis of application, the market is segmented into diagnosis, and surgical procedure. Diagnosis is further segmented into examination, patient’s airways, bleeding lungs, possibility of lung cancer, chronic cough, and obtain tissue specimen for biopsy. Surgical procedure is further segmented into removal of a foreign object in the airway, laser resection of tumors, lung abscess, stent insertion, percutaneous tracheostomy, and tracheal intubation.
On the basis of end user, the market is segmented into hospitals & clinics, diagnostic centers and others.
Key Players for Global Bronchoscopes Market
Some of the major players in this market are: Ambu Inc. (US), Boston Scientific Corporation (US), Cogentix Medical (US), Fujifilm Holdings Corporation (Japan), Olympus Corporation (Japan), Pentax Medicals (Japan), and KARL STORZ GmbH & Co. KG (Germany), Schindler Endoskopie Technologie Gmbh (Germany), Schölly Fiberoptic Gmbh (Germany), Vimex Sp. (Poland), Hangzhou EndoTop Medi-Tech Co., Ltd.(China), Guangzhou MeCan Medical Limited (China), and LocaMed (UK).
Key Findings:
- Flexible bronchoscopes segment accounts for the largest market share in the global bronchoscopes market and is expected to be the fastest growing market with the CAGR of 8.0 % during the forecast period.
- Diagnosis commanded the largest market share in 2016 and was valued at USD 885.7 million in 2016 and is expected to reach at USD 1,484.2 million by 2023.
- On the basis of end users, Hospitals & clinics segment accounts for the largest market share of 49.1% in the global bronchoscopes market.
- The Americas bronchoscopes market is expected to reach USD 868.7 million by 2023, at a CAGR of 7.4 % during the forecast period.
Browse Premium Research Report enabled with detailed Table of Contents @ https://www.marketresearchfuture.com/check-discount/4483
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/bronchoscopes-market-4483