PUBLISHER: The Business Research Company | PRODUCT CODE: 1518299
PUBLISHER: The Business Research Company | PRODUCT CODE: 1518299
A disposable bronchoscope is a single-use, flexible medical device utilized for visual examination and treatment of the airways in the lungs. Inserted through the nose or mouth, it enables healthcare providers to visualize the bronchi and bronchioles, collect samples, and conduct procedures such as biopsies or foreign object removal. Designed for one-time use, disposable bronchoscopes aim to minimize the risk of cross-contamination and transmission of infections.
The primary product categories of disposable bronchoscopes include large, regular, slim, ultra-slim, and extra-large variants. Large disposable bronchoscopes feature a wider diameter, typically around 5.0mm or larger, and are employed for procedures requiring a larger working channel, such as foreign object removal or the collection of substantial tissue samples. They find applications in bedside procedures, emergency rooms, bronchoscopy suites, and intensive care units (ICUs), aiding in the diagnosis and treatment of various indications including lung cancer, pulmonary infections, interstitial lung disease, tuberculosis, chronic obstructive pulmonary disease (COPD), and cystic fibrosis. These devices are utilized by hospitals, ambulatory surgical centers (ASCs), specialty clinics, and diagnostic centers.
The disposable bronchoscope market research report is one of a series of new reports from The Business Research Company that provides disposable bronchoscope market statistics, including the disposable bronchoscope industry global market size, regional shares, competitors with disposable bronchoscope market share, detailed disposable bronchoscope market segments, market trends, and opportunities, and any further data you may need to thrive in the disposable bronchoscope industry. This disposable bronchoscope market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The disposable bronchoscope market size has grown rapidly in recent years. It will grow from $0.76 billion in 2023 to $0.91 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The expansion observed during the historical period can be attributed to several factors, including a heightened focus on infection control and cross-contamination prevention, an increase in the incidence of respiratory diseases, reduced reprocessing costs associated with disposable devices, minimized downtime between procedures, and the availability of ready-to-use, disposable bronchoscopes.
The disposable bronchoscope market size is expected to see rapid growth in the next few years. It will grow to $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The anticipated growth in the forecast period can be attributed to several factors, including shifts in patient demographics, changes in the regulatory environment, healthcare spending trends, updates in clinical guidelines, evolving hospital policies and practices, and the impact of public health events. Key trends expected in the forecast period encompass technological advancements in disposable bronchoscopes, increased adoption of these devices, expanded applications in various medical settings, efforts to ensure regulatory compliance, integration with telemedicine platforms, implementation of cost reduction strategies, and the conduct of clinical evidence and outcome studies to further validate their efficacy and safety.
The increasing prevalence of respiratory diseases is poised to drive the expansion of the disposable bronchoscope market in the foreseeable future. Respiratory diseases encompass various medical conditions affecting breathing organs and tissues such as the airways, lungs, and respiratory muscles. This rise in prevalence is attributed to factors such as smoking, air pollution, aging populations, environmental elements, and respiratory infections. Disposable bronchoscopes offer a significant advantage over reusable ones as they mitigate the risk of infection transmission, particularly crucial in preventing cross-contamination among patients with infectious respiratory diseases. For example, data from the World Health Organization's Global Tuberculosis Report published in November 2023 revealed a global increase in newly diagnosed TB cases, reaching 7.5 million in 2022 compared to 6.4 million in 2021. Consequently, the escalating prevalence of respiratory diseases is stimulating the growth of the disposable bronchoscope market.
Leading companies in the disposable bronchoscope market are focused on developing innovative products equipped with advanced technologies, such as visualization technology, to enhance image clarity and diagnostic capabilities. Visualization technology plays a crucial role in disposable bronchoscopes by offering precise and detailed images of the airways during bronchoscopy procedures. For instance, in July 2022, Verathon introduced the BFlex 2.8 Pediatric Single-use Bronchoscope, tailored for pediatric bronchoscopies, airway management, and lung isolation procedures. This bronchoscope incorporates advanced visualization technology, including a high-definition camera and LED light source, to deliver clear and detailed images of pediatric airways. Its launch is expected to revolutionize the diagnosis and treatment of respiratory conditions in pediatric patients, providing healthcare providers with a safe, efficient, and convenient option.
In May 2021, Hunan Vathin Medical Instrument Co. Ltd., a China-based medical equipment manufacturing company, acquired MGB to bolster its position in the medical equipment market and potentially enhance its disposable bronchoscope product line. MGB, a Germany-based medical equipment manufacturing company, specializes in offering disposable bronchoscopes.
Major companies operating in the disposable bronchoscope market are Medtronic plc, Boston Scientific Corporation, Olympus Corporation, Teleflex Incorporated, Cook Medical, Karl Storz SE, MicroPort Scientific, Ambu A/S, Richard Wolf GmbH, PENTAX Medical, SonoScape Medical Corp., Verathon Inc., Erbe Elektromedizin GmbH, Clarus Medical LLC, Flexicare (Group) Limited, Endotherapeutics Pty Ltd. , VBM Medizintechnik GmbH, Novatech SA, EMOS Technology GmbH, Shenzhen HugeMed Medical Technical Development Co. Ltd., E. Benson Hood Laboratories Inc. , NeoScope Inc., ACE Medical Devices Pvt. Ltd., The Surgical Company, Zhuhai Seesheen Medical Technology Co. Ltd.
North America was the largest region in the disposable bronchoscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable bronchoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the disposable bronchoscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The disposable bronchoscope market consists of sales of diagnostic bronchoscopes, therapeutic bronchoscopes, single-use sheaths, biopsy forceps, brushes and needles. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Disposable Bronchoscope Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on disposable bronchoscope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for disposable bronchoscope ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The disposable bronchoscope market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.