Bronchoscopes Market Size, Share & Trends Analysis Report By Use (Reusable, Disposable), By Type (Flexible (Video, Fiberoptic, Hybrid), Rigid), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global bronchoscopes market size was valued at USD 15.4 billion in 2017 and is expected to register a CAGR of 8.3% over the forecast period. Demand for bronchoscopes has been on a rise due to increasing prevalence of respiratory diseases, improving reimbursement policies, and technological advancements.

Bronchoscopes are primarily used for the assessment and management of multiple respiratory and airway diseases. Conditions such as blockages, chronic obstructive pulmonary diseases (COPD), bronchopulmonary hemorrhage, tumors, airway stenosis, and inflammatory conditions can be detected and diagnosed through these devices.

Increasing prevalence of various respiratory diseases is the most significant factor positively impacting market growth. According to the World Health Organization (WHO), over 3.0 million people die from COPD every year. As per the American Cancer Society, over 234,030 new cases of lung cancer were reported in U.S. at the end of 2018.

Furthermore, according to the Cancer Research UK, around 46,400 new cases of lung cancer are diagnosed each year. In addition, according to the World Cancer Research Fund International, around 58.0% of lung cancer cases occurred in developing countries, which can be attributed to alarming prevalence of a host of respiratory diseases. Thus, demand for bronchoscopes is expected to witness a major boost in future.

Type Insights

Based on type, the market is broadly bifurcated into rigid and flexible types. Flexible bronchoscopes are further segmented into video, fibreoptic, and hybrid. The flexible segment captured the largest share in terms of revenue due to high video quality and significant cost effectiveness. The fibreoptic sub-segment has been dominating the flexible segment owing to the many benefits offered by it, such as high quality videos, which results in easy identification of tumors and infections in deeper levels of bronchioles.

In addition to the above-mentioned advantages, flexible bronchoscopes are convenient for doctors as well as patients. Recovery time after flexible bronchoscopy is significantly lesser as compared to rigid bronchoscopy. Moreover, narrow size of these devices allows for deeper reach into small lumens.

Use Insights

Based on use, the market is segmented into reusable and disposable devices. The reusable segment captured the largest market share in 2017 in terms of revenue. Multi-usage and cost-effectiveness are the key advantages these devices offer. As a result, more than 500 bronchoscopy procedures are performed in a year. This is sure to drive the market at a lucrative rate during the forecast period.

Disposable devices are likely to emerge as the fastest growing segment in the bronchoscopes market. Affordability is one of the major advantages these devices offer, especially those recently launched in the market. Medical facilities that perform fewer than 500 procedures a year save a significant margin as compared to costs incurred through reusable bronchoscopes. Furthermore, factors such as no cross contamination, instant availability, and no reprocessing cost are some other factors contributing toward market growth. 

Regional Insights

North America is the most developed market, followed by Europe. Increasing cases of lung cancer and presence of large number of well-established players is contributing to the growth of this market. U.S. is the largest market for bronchoscopes across the world. These devices are widely adopted in the country, which can be primarily attributed to favorable reimbursement policies by state and federal governments.

The Asia Pacific market is expected to witness remarkable growth over the course of the forecast period owing to extensive growth opportunities in Japan, China, and India. Factors such as mandatory healthcare insurance, rising technological advancements, increased healthcare expenditure, and increasing number of global companies looking to cater to high unmet medical needs in these countries are driving the market.

Bronchoscopes Market Share Insights

Some of the key players in the market are Teleflex Incorporated, Olympus Corporation, Ambu A/s, Karl Storz, Fujifilm Holdings Corporation, Boston Scientific Corporation, and Cogentix Medical. Key strategies adopted by major players include collaborations, mergers and acquisitions, new product launch, and partnerships to strengthen their position in the market. For instance, in May 2014, Olympus launched two new endoscopes for peripheral and small anatomy bronchoscopy: the BF-190 and BF-XP190 bronchoscopes.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global bronchoscopes market report on the basis of use, type, and region:

• Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Reusable

  • Disposable

• Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Rigid

  • Flexible

    • Video

    • Fiberoptic

    • Hybrid

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • The Netherlands

    • Switzerland

    • France

    • Russia

    • Spain

    • Sweden

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

    • South Korea

    • Thailand

    • Malaysia

    • Singapore

    • Australia

    • Philippines

  • Latin America

    • Mexico

    • Brazil

    • Argentina

  • MEA

    • Turkey

    • South Africa

    • Saudi Arabia

    • Nigeria

    • Iran