The global market consist of players such as Ambu Inc, Boston Scientific Corporation, Cogentix Medical, Fujifilm Holdings Corporation, KARL STORZ GmbH & Co. KG, Olympus Corporation, PENTAX Medical, and Richard Wolf GmbH are some of the prominent players at the forefront of competition in the global bronchoscopes market and are profiled in MRFR Analysis report.
Bronchoscopes Market – Overview
According to a recent study report published by the Market Research Future analysts, the global bronchoscopes market is growing at a moderate pace; mainly due to increasing prevalence of respiratory tract diseases such as lung cancer, and COPD among others; increasing preference for minimally invasive procedures and increasing number of disposable bronchoscopes procedures. Increasing geriatric population, and changing environmental conditions leading to high air pollution have also fuelled the growth of the market
That being said, there are few obstacles as well in this market. Increased incidence of infection by bronchoscopes, and high costs of the bronchoscopes which may affect the growth of this market.
Bronchoscopes Market – Competitive Analysis
The global Bronchoscopes Market is well established market with number of products available in the market. There are few companies involved in the development of the bronchoscopes which are now widely used all across the world. A limited number of companies are working in the bronchoscopes market. Through extensive research, it is found out that the market players have adopted the strategy of improving the bronchoscopes, acquisition and collaboration. On the basis of the market study, we found some key players operating in this market: Ambu Inc., Boston Scientific Corporation, Cogentix Medical, Fujifilm Holdings Corporation, Olympus Corporation, Pentax Medicals, and KARL STORZ GmbH & Co. KG. Olympus Corporation is one of the leading players in the market with a huge global presence and over 39,727 employees.
Some of the key developments from the market players are as follows.
In August 2017, PENTAX medical announced the launch of a new ultrasound video bronchoscope (EBUS) in combination with Hitachi’s innovative ultrasound systems. In June 2017, The Company announced the collaboration with AOHUA to improve the standard of patient care and quality of healthcare. Earlier in January 2017, The company acquired C2 Therapeutics to expand interventional endoscopy offering.
In July 2016, PENTAX Medical launched new high-definition pulmonology endoscopy system to deliver outstanding HD image quality.
In June 2017 Another big company in the market, Boston Scientific Corporation launched Alair bronchial thermoplasty therapy in India.Alair bronchial thermoplasty treatment uses a bronchoscope to deliver radiofrequency energy to reduce the amount of excess smooth muscle tissue in the airways. Back in November 2016, Company completed acquisition of EndoChoice Holdings, Inc. which is a Georgia based company focused on the development and commercialization of infection control products, pathology services and single-use devices.
There are some developments from other players as well. In May 2016, Ambu Inc. launched Ambu aScope 3 Large bronchoscope. Earlier in January 2016, this Ambu aScope 3 was approved for sale in China.
Global Bronchoscopes Market – Regional Analysis
The Americas accounts for the major share of the market owing to the huge patient population, well-developed technology, and high healthcare expenditure. According to the Centers for Disease Control and Prevention, in 2015, the number of adults with diagnosed chronic bronchitis and emphysema were 9.3 million and 3.5 million respectively. Additionally, according to the American Thoracic Society, in 2012, chronic obstructive pulmonary disease (COPD) affects 6.8 percent of adults and was responsible for about 700,000 hospitalizations and 127,000 deaths annually in the US. People in this region are health conscious and are willing to spend more on healthcare. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending increased by 5.8% and reached USD 3.2 trillion, and the healthcare spending in the U.S. in 2014 was USD 9,532 per person.
Europe accounts for the second largest market, which is followed by Asia Pacific. Increasing government support for research & development, well-developed healthcare infrastructure, and presence of geriatric population have driven the bronchoscopes market. Asia Pacific is the fastest growing bronchoscopes market owing to rapidly changing healthcare sector, and the presence of huge opportunities for the development of this market. However, the Middle East & Africa has the least share in the market owing to the presence of poor and slow developing countries, especially, in African region. The Middle East holds the major share of the regional market due to well-developed technology and high spending.
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