The global bronchoscopes market accounted for over USD 1,700 Million in terms of value in 2017 and is expected to grow at a CAGR of 9.8% during the forecast period, 2019–2026.
Bronchoscopes are introduced in the respiratory tract from the mouth or nose to observe distal branches of the bronchi. They are primary used to diagnose tumors, foreign bodies, infection, inflammation, lung bleeding, and parasites.
According to the Central Drug Control Prevention, about 25 million people suffer from asthma every year. Increasing prevalence of asthma across the globe is accelerating the demand for bronchoscopes. COPD is another major respiratory diseases around the globe. According to the World Health Organization (WHO), in 2015, more than 3 million people died due to COPD across the globe. Apart from this, technological advancements in bronchoscopes such as end bronchial ultrasound are expected to propel market growth in years to come.
The report on Bronchoscopes Market begins with a brief summary that highlights the market overview, which includes future forecast, and analysis of the whole industry. The report has also offered guidance to the key players in the Bronchoscopes industry which will help them in planning their strategies. Straits Research report has followed a simple pattern that has helped the readers to understand each segment and obtain significant information related to the overall industry.
The report consists of an introduction of market segments, market definition, and market overview. Straits Research has also included a section for market dynamics that covers drivers, trends, opportunities, and restraints impacting the growth of the industry throughout the forecasts period.
One of the sections of the report consists of a detailed study of the market which included historical and present/future market data. Economic growth, GDP (Gross Domestic Product), and inflation are some of the elements included in this report to offer crystal clear picture of the Bronchoscopes industry at a global level.
The Bronchoscopes market is segmented into different sections such as by type, by application, by end-users, and by regions. The report about the Bronchoscopes industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters and models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Some of the key players in the bronchoscopes market include Olympus Corporation, Karl Storz, Hoya Group, Boston Scientific Corporation, Fujifilm Holdings Corporation, Ambu Inc., Cogentix Medical., Teleflex Incorporated, Richard Wolf GMBH, and Cook Medical.
Development in technology and innovations have created an educated workforce which ultimately results in increasing per capita income and this particular factor has positively impacted the growth of the Bronchoscopes market since the past few years.
Segmentation of Bronchoscopes Market: By Product, Rigid bronchoscopes, Flexible bronchoscopes, Optic bronchoscopes, Video bronchoscopes, Accessories,, By Usability, Reusable, Disposable,, By Application, Diagnosis, Treatments,, By End User, Hospitals, Clinics and & ambulatory surgical centers (ASCS), Others,
The competitive landscape of the Bronchoscopes market is a highly crucial section of the report that creates a firm portrait of the market’s key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies’ profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Bronchoscopes market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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