The Single Use Bronchoscopes Market To Grow Irrevocably In The Next 10 Years

The Single Use Bronchoscopes Market is expected to grow on a healthy note in the subsequent decade. With value-based care picking up, close to 15% of the entire population is under its umbrella as of now. Programs like "Online Bachelor's Degree in General Studies with a Concentration in Healthcare" is being floated, which could aid professionals to lead in the value-based care strategies. In other words, the future belongs to professionals bringing conventional skills in communication, care, and leadership with new-fangled skills in analytics and technology. So, "being value-based" would hold value in the healthcare vertical in the future.

Bronchoscopy is the most common interventional pulmonology procedures performed through the bronchoscope. Bronchoscopy can be performed through reusable bronchoscopes or single use bronchoscopes. Single use bronchoscope or reusable bronchoscope both are intended for use during endoscopic examination, diagnosis, and treatment of airways and tracheobronchial tree.

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The condition such as COPD, tumors, lung cancer, airway stenosis, pneumonia, bronchitis, and other lung infections are can be diagnosed through single use bronchoscope. Nowadays, single use bronchoscopes are gaining more traction compared to reusable bronchoscopes. Single use bronchoscopes are the better alternative for reusable devices as it reduces the high risk of infection and critical illness.

In most of the studies, it found that reusable bronchoscope is still contaminated after cleaning. Therefore, healthcare professionals are shifting towards single use bronchoscopes as it reduces the risk of infection. Moreover, the single use bronchoscopes have minimized the cost associated with cleaning and reprocessing to reduce the risk of cross infection. Single use bronchoscopes are safe, effective, protect patients from bacteria, pathogens, and virus that cause illness and even death.

Single use bronchoscopes market is growing with significant rate due to the demand large number of advantages over reusable bronchoscope. Increasing prevalence of respiratory disorders is the major driving factor of the single use bronchoscope market.

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According to the World Health Organization (WHO), around 251 million people are affected by COPD (chronic obstructive pulmonary diseases) globally in 2016. Moreover, American Cancer Society estimates around 234,030 new cases of lung cancer in 2018.

Growing number of cases of lung cancers are also created high demand of single use bronchoscope over the forecast period. Increasing use of tobacco and cigarettes is boosting the number of respiratory disorders. Increasing launch of cost-effective single use bronchoscope is another factor expected favor the growth of single use bronchoscope market.

Increasing adoption of endoscopic procedures and surgeries are the major driving factor of single use bronchoscope market. Increasing healthcare expenditure, stringent regulatory rule related to hospital acquired infection are propelling the growth of the single use bronchoscope market over the forecast period. Increasing number of geriatric population and changing environmental conditions favor the growth of single use bronchoscope market.

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Market Segmentation

by Product Type

Flexible
Rigid

by End User

Hospitals
Diagnostic Centers
Specialty Clinics
Ambulatory Surgical Centers

by Regions

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

North America is expected to lead the global single use bronchoscopes market owing to strong reimbursement policies and presence of a larger number of well-established players. Europe also shows the second largest market in the single use bronchoscopes market due to the increasing number of surgeries and high adoption of endoscopic procedures.

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The single use bronchoscopes market in the Asia-Pacific region is expected to witness significant growth rate in the coming years due to increasing healthcare expenditure, government initiatives, increasing per capita income. Moreover, growing technological advancements, government funding, and support are another factors expected to favor the growth of single use bronchoscope market in the Asia Pacific.

Some of the players operating in the global single use bronchoscopes market are Ambu A/S, Neoscope Inc., Axess Vision Technology, Cogentix Medical Inc., Valtronic and others. Growing demography and economy in developing countries are expected to offer good opportunities for single use bronchoscopes market players.

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