Global Bronchoscopy Market Overview:
Bronchoscopy is a medical technique in which the device is inserted via nose, throat or mouth for detection of inside airways in the lungs. It is a little bit painful and discomforting to the patient may be patient get hurt during the process this is the reason there is in-compliance by the patient for such devices. It is available in various types according to its function-ability, usability, etc. The time required for this diagnosis is very short therefore it is highly recommended by the doctor. Some of the key players profiled in the study are CONMED Corporation (United States), Teleflex Incorporated (United States), Olympus Corporation (Japan), KARL STORZ (Germany), Ambu A/S (Denmark), Boston Scientific (United States), Ethicon Inc (Johnson & Johnson) (United States), Fujifilm Holdings Corporation (Japan), Medtronic (Ireland) and HOYA Corporation (Japan).
On the basis of geography, the market of Bronchoscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Accessories, the sub-segment i.e. Cytology Brushes will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Patient Age, the sub-segment i.e. Adult Patients will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Working Channel Diameter, the sub-segment i.e. 2.8 mm will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usability, the sub-segment i.e. Reusable Bronchoscopes will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Imaging Systems, the sub-segment i.e. Video Processors will boost the Bronchoscopy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing demand as they provide treatment for lung problems
- Growing use as it requires a short time for procedure and results
Market Trend
- Potentially used over X-Rays
Restraints
- It may feel the patient uncomfortable also may hut the patient
- Not yet adopted by patients
Opportunities
- A growing number of bronchial disorders population
- Highly demanded as it time-consuming process with accurate results
Challenges
- High cost is associated with the product
- High professional such as Pulmonologist required
Major Market Developments:
On 13th February 2020, Medtronic announced it has acquired Digital surgery a private company leading in medical technology of surgical artificial intelligence (AI), data, and analytics also digital education and training. Medtronic will enhance its capabilities in surgical data by this acquisition.
On January 2020, Teleflex grants FDA clearance for its upcoming Wattson Temporary pacing guide-wire. Teleflex is a global leader in medical technologies for critical unit and surgical care. It has announced that it gets approval in 510(k) clearance from UD FDA for their Wattson temporary pacing guidewire. It is the very first device that has available in bipolar temporary pacing guidewire used valve replacement.
Bronchoscopic devices required extra regulations according to US FDA, as the cleaning process of such devices is difficult and may cause infections further, FDA shared alert for these regulations. and The approval for such devices required strict protocols and complete reports of the validation for reprocessing all the given instructions so the FDA can analyze and examine the substantial equivalence.
The market of bronchoscopy devices is booming in the market as it gives results in a short time span. The many top leading firms working on new innovations in such a device to catch the market. This is one of the reasons the competition is very strong and everyone wanted to top the market. The advancement in technology, increasing the rivalry between top leading firms.
Target Audience:
Medical device manufacturers, Hospitals and diagnostic clinics, Medical device distributor, Wholesaler/Supplier/Retailer, Government organizations and Research Centres
Major Objectives Focused through this Study
To define, describe, and forecast the Global Bronchoscopy market on the basis of product [Flexible bronchoscopes, Rigid bronchoscopes and EBUS bronchoscopes] , application [Bronchial Treatment and Bronchial Diagnosis], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Bronchoscopy market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Bronchoscopy industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are LYMOL Medical (United States), EFER Endoscopy (France), VBM Medizintechnik GmbH (Germany), Hunan Vathin Medical Instrument (China), MACHIDA Endoscope (China), Richard Wolf GmbH (Germany) and Cook Medical (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Bronchoscopy market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.