Bronchoscopes market report also provides CAGR value fluctuation in percentage during the forecast period of 2018-2025 for the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description and analysis of the market competition landscape. With the study of competitor analysis, Medical Devices industry can get know how of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The Bronchoscopes report holds a massive importance when it comes to market definition, classifications, applications and engagements.
Bronchoscopes market report is a comprehensive study in the market it tells about what the market status in the forecast period of 2019-2026. Bronchoscopes market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This bronchoscopes market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and porter’s five forces analysis.
Global bronchoscopes market is set to rise from its initial estimated value of USD 17.18 billion in 2018 to an estimated value of USD 32.05 billion in 2026, registering a CAGR of 8.10% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing prevalence of respiratory disorders and the need for diagnosis of these disorders.
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Market Definition: Global Bronchoscopes Market
Bronchoscopy is the process of diagnosing or treatment of disorders associated with airways. This method allows the surgeon or the diagnostic individual to look for any abnormalities in the airway of the individual. Bronchoscopes are the instruments used for this process and it even allows the doctor to treat the abnormalities or take a sample of any abnormalities for the diagnosis.
Key Developments in the Market:
- In November 2016, EFER ENDOSCOPY announced the launch of EFER-SUPERGLASS stents for EFER-DUMON stent instruments. These stents are aimed at decreasing any friction, and increase the flow of organic secretions.
- In December 2018, Olympus Corporation announced that it had received US Food and Drug Administration approval for Spiration Valve System used for the treatment of emphysema. The device has been granted the status of breakthrough medical device for its revolutionary approach of improving breathing by isolating the diseased lung part and stopping the air to flow to that part and rather let the other portion of the lungs to function properly. This system is employed during a bronchoscopic procedure
- Rising prevalence of respiratory disorders and the need for proper diagnosis of these disorders is expected to drive the market growth
- Technological advancements and developments in the market is also expected to drive the market growth
- Lack of skilled and knowledgeable professionals in the market is also expected to restrain the market growth
- Higher cost of devices and chances of infection associated with the usage of reusable bronchoscopes is also expected to restrain the market growth
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Key Market Competitors:
- Teleflex Incorporated,
- Olympus Corporation,
- Ambu A/S,
- KARL STORZ SE & Co. KG,
- FUJIFILM Corporation,
- Boston Scientific Corporation,
- Cogentix Medical,
- Lymol Medical,
- EFER ENDOSCOPY,
- SCHÖLLY FIBEROPTIC GMBH,
- PENTAX Medical,
Few of the major competitors currently working in the bronchoscopes market are Uptake Medical, SCHINDLER ENDOSKOPIE TECHNOLOGIE GmbH, Vimex Sp. z o.o., HANGZHOU ENDOTOP MEDI-TECH CO.LTD., Richard Wolf GmbH, SOPRO-COMEG GmbH, Endoservice GmbH, Animus Beyford Trading SL, and Novatech SA.
Market Segmentation: Global Bronchoscopes Market
- Rigid Bronchoscopes
- Flexible Bronchoscopes
- Bronchial Diagnosis
- Bronchial Treatment
- Ambulatory Surgical Centers
- North America
- South America
- Middle East & Africa
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