The global bronchoscopes market size is expected to reach USD 29.6 billion by 2025, according to a new report by Grand View Research, Inc., at an 8.3% CAGR during the forecast period. Demand for bronchoscopes is increasing due to rising prevalence of respiratory diseases, favorable reimbursement policies, and technological advancements.
Increasing prevalence of respiratory diseases is the primary factor resulting in high demand for bronchoscopes. According to the World Cancer Research Fund International, around 58.0% of lung cancer cases in 2012 occurred in less developed countries.
Some of the companies in the market are Teleflex Incorporated, Olympus Corporation, Ambu A/s, Karl Storz, Fujifilm Holdings Corporation, Boston Scientific Corporation, and Cogentix Medical.
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Increasing prevalence of respiratory diseases, favorable government policies, and growing geriatric population is primarily driving the market
Reusable bronchoscopes capturedthe largest market share in terms of usage in 2016, while flexible bronchoscopes accounted for dominant share by type. This can be attributed to the many advantages they offer, such as multi-usage and cost effectiveness in hospitals
North America is the dominant market, followed by Europe. Presence of large number of players and increasing prevalence of lung cancer are the prime factors responsible regional growth
Key players in the market include Teleflex Incorporated, Olympus Corporation, Fujifilm Holdings Corporation, Boston Scientific Corporation, and Cogentix Medical.
Grand View Research has segmented the global bronchoscopes market on the basis of use, type, and region:
Bronchoscopes Use Outlook (Revenue, USD Million, 2014 - 2025)
Reusable
Disposable
Bronchoscopes Type Outlook (Revenue, USD Million, 2014 - 2025)
Rigid
Flexible
Video
Fiberoptic
Hybrid
Bronchoscopes Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
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
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