Bronchoscopes Market : Drivers, Restraint & Future Growth
The global demand for bronchoscopes is projected to grow at a moderate annual rate till 2019, showcasing a 1.5x surge during 2018-2028. With a year-on-year growth rate of 4.3 percent in 2o19, the global bronchoscopes market is estimated to reach a valuation of US$ 441.4 Mn during the same period, as indicated in a recent report by Future Market Insights (FMI) on global bronchoscopes market. Increasing prevalence of chronic respiratory diseases including multiple respiratory and airway diseases, growing number of endoscopic surgeries, and early detection and diagnoses of critical conditions such as bronchopulmonary hemorrhage and chronic obstructive pulmonary diseases (COPD) are some key factors projected to further impact the sales of bronchoscopes in the coming years.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7965
“Apart from the factors mentioned, technological advancements in the bronchoscopes landscape—witnessing a transformation shift from conventional invasive procedures to minimally invasive and advanced devices—is a critical factor determining the global demand for bronchoscopes, further amplifying its potential applications. White-light bronchoscopy, Navigational bronchoscopy, and Autofluorescence (blue-light) bronchoscopy among others are some notable advancements and development, driving the global demand for bronchoscopes. Moreover, thin bronchoscopes with minimally invasive features are also gaining prominence. Manufacturers of bronchoscopes have built upon original bronchoscopes by making advancements, in terms of applicability and product versatility”, explains a senior analyst of the company.
Top Four Manufacturers Contribute the Largest Global Revenue
Considering the growing rate of technological advancements key manufacturers of broncoscopes, are making significant investments in the research and development initiatives to further increase the product efficiency. The global broncoscopes market showcases a highly competitive landscape characterized by relatively high barriers to entry, differentiated and well established products, and notable high profit margins. Tier-1 manufacturers of bronchoscopes, including Olympus Corporation, FUJIFILM Holdings Corporation, Teleflex Incorporated, and HOYA Corporation, collectively hold a market share of approximately 62.5 percent—with Olympus Corporation contributing the largest revenue slice. Tier-2 players such as KARL STORZ GmbH & Co KG, Ambu A/S, and Richard Wolf GmbH and tier-3 players including Rochling Group and Shanghai AoHua Photoelectricity Endoscope Co., Ltd, collectively contribute approximately 37.5 percent revenue share to the global bronchoscopes market. Key forward market strategies include:
With continued improvements in the global healthcare setting, key players seek acquisition opportunities as a key growth strategy. Olympus Corporation, Fujifilm Holdings Corporation, Teleflex Incorporated, and HOYA Corporation are likely to focus on mergers, acquisitions, and collaborations strategies, in the coming years. HOYA Corporation, for instance, acquired C2 Therapeutics, to expand its interventional endoscopy offerings in the U.S. and also provide aftersales and repair services.
Besides strategic tie-ups, new product launches will continue to be the key differentiation strategy, helping manufacturers to further solidify their market position. For instance, Olympus Corporation launched Truresolution objectives for multiphoton laser scanning microscopes. Teleflex Incorporated launched LMA® Gastro™ Airway, facilitating airway control during endoscopic procedures.
Leading manufacturers of bronchoscopes are also focusing on geographical expansions, specifically in emerging nations, by acquiring local players in the endoscopy market.
Key Insights Drawn from Segmentation Analysis of the Bronchoscopes Market
On the basis of product type, video bronchoscopes are estimated to witness maximum traction. Holding an unrivaled market share of approximately 86.6 percent, video bronchoscopes sales is projected to generate nearly US$ 381.7 Mn in 2019. Utilizing the charge-coupled device (CCD) technology, video bronchoscopes can reach the
In terms of modality, flexible fiber bronchoscopes are indicated to hold a market share of nearly 93.7 percent. Single use flexible bronchoscopes will gain maximum traction, as per the report. Stringency in regulations coupled with elimination of cross-contamination risk are some key dynamics driving the demand for single use flexible bronchoscopes.
Asia Pacific is estimated to remain a high-revenue churning pocket, in the global bronchoscopes market. Improved access to healthcare services and rise in demand for quality healthcare, in addition to parallel need for improved user friendly products is expected to drive the sales of bronchoscopes in APAC. Moreover, focused regional expansion strategies implemented by key manufacturers of bronchoscopes, would bring further opportunities.
Read Comprehensive Overview with Methodology of Report @ https://www.futuremarketinsights.com/askus/rep-gb-7965
Critical Market Restrainers Identified
Risks of cross-contamination and post bronchoscopy infection in the form of bleeding, troubled breathing, and low blood oxygen level. FMI study indicates high infection rate at ambulatory surgical centers (ASCs), compared to clinics and hospitals.
Growing demand for non-invasive procedures including liquid biopsy and Magnetic Resonance Spectroscopy.
Stringency in regulations demanding a pre-market approval (PMA).
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bronchoscopes Market : Drivers, Restraint & Future Growth here
News-ID: 1474938 • Views: 362
More Releases from Future Market Insights
The German Tortilla Mix Market is estimated to grow at a CAGR of 4.7% by 2023 to …
In 2023, the market share of tortilla mix was estimated to be worth US$ 12.23 billion. By 2033, it was estimated to be worth US$ 23.18 billion. This is expected to further boost the market share of the tortilla mix and generate a CAGR of 6.6%. The nutritional benefits of tortillas have become increasingly popular in both developed and developing countries. At the same time, a growing number of people are
Asian pacific Sheep Shearing Equipment Market was valued at US$ 91.4 Million by …
The global sheep shearing equipment market was valued at US$ 755.8 Mn in 2022. The market is expected to develop from US$ 780 Mn in 2023 to US$ 1,069 Mn by 2033, registering a CAGR of 3.2% over the forecast period. Shearing machinery is used on farms to cut or remove wool from sheep's bodies. The exceptional qualities of this equipment have increased demand. The need for sheep shearing equipment is growing since regular shearing is necessary to keep
The UK Stock Tank Market was valued at US$ 499.2 Million by the time of 2033
A CAGR of 6.5% is predicted for the global stock tank market over the forecast period. The market is anticipated to increase from US$ 2.82 Bn in 2023 to US$ 5.30 Bn by 2033. The stock tank business has recently seen tremendous demand. The summer has grown more challenging for both humans and animals due to global warming. To save the farm animals and combat the heat, farms are installing stock tank pools significantly. Increasing demands for increased
By 2032, the Egg Albumin Protein Market is expected to be worth US$ 2.88 Billion
According to a recent report published by Future Market Insights, sales of egg albumin protein are estimated to reach a valuation of US$ 2.88 Bn by 2032, surging at 7.3% CAGR during the forecast period of 2022 to 2032. Egg albumin protein is absorbed by the blood and is used to separate proteins. It is expected to gain high popularity across the globe, especially in the sports nutrition sector owing to its ability
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report. The global endotherapy devices market is projected to reach
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally. Introduction Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. Get PDF for more Professional and Technical insights
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market