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Disposable Bronchoscope Market Key Drivers, Overview 2024-2033
Disposable Bronchoscope Market Size
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According to The Business Research Company's, 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 growth in the historic period can be attributed to infection control and cross-contamination prevention, rising incidence of respiratory diseases, reduced reprocessing costs, minimized downtime, availability of ready-to-use, disposable devices.
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 growth in the forecast period can be attributed to patient demographics, regulatory environment, healthcare spending, clinical guidelines, hospital policies and practices, public health events. Major trends in the forecast period include technological advancements, increased adoption, expanded applications, regulatory compliance, integration with telemedicine, cost reduction strategies, clinical evidence and outcome studies.
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Market Drivers and Trends:
The increasing incidence of chronic kidney diseases is expected to propel the growth of the continuous renal replacement therapy market going forward. Chronic kidney disease (CKD) is a long-term condition where the kidneys progressively lose function over time, leading to impaired filtration of waste products from the blood. The rising incidence of chronic kidney diseases is influenced by lifestyle changes, aging populations, and increasing rates of diabetes and hypertension. Continuous renal replacement therapy is utilized in chronic kidney disease for acute exacerbations or complications to manage fluid balance and continuously remove metabolic waste products. For instance, in July 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, around 15%, or 37 million people in the US, were affected by kidney disease. Furthermore, according to a report from the Australian Institute of Health and Welfare, an Australia-based government agency, the prevalence of kidney replacement therapy in 2020 was 95.4 (per 100,000 population), up from 94 (per 100,000 population) in 2019. Therefore, the increasing incidence of chronic kidney diseases is driving the growth of the continuous renal replacement therapy market.
Major companies operating in the disposable bronchoscope market are developing innovative products with advanced technologies, such as visualization technology, to enhance the clarity of images and improve diagnostic capabilities. Visualization technology helps disposable bronchoscopes by providing precise and detailed images of the airways during bronchoscopy procedures. For instance, in July 2022, Verathon, a US-based medical equipment manufacturing company, launched BFlex 2.8 Pediatric Single-use Bronchoscope, designed to meet pediatric bronchoscopies, airway management, and lung isolation procedures. The BFlex 2.8 Pediatric Single-use Bronchoscope is equipped with advanced visualization technology, including a high-definition camera and LED light source, to provide clear and detailed images of the pediatric airways. The launch of this bronchoscope is expected to improve the diagnosis and treatment of respiratory conditions in pediatric patients, offering a safe, effective, and convenient option for healthcare providers.
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Major Key Players of the Market:
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.
Disposable Bronchoscope Market 2024 Key Insights:
• 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%.
• Respiratory Disease Propel Growth Of The Disposable Bronchoscope Market
• Innovations In Disposable Bronchoscope Technology
• North America was the largest region in the disposable brochoscope market in 2023
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