The global bronchoscopy anatomy market size is expected to reach USD 3,174.0 Million in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to latest report by Reports and Data. Rapid revenue growth of the bronchoscopy anatomy market can be attributed to rising use of bronchoscopes to examine airways in the human body. A bronchoscope comprises mostly of a hollow metal tube with an attached fiber optic or a video camera to examine the trachea, wind pipe, and lungs. Conditions such as chronic obstructive pulmonary diseases, blockages, tumors, and bronchopulmonary hemorrhage can be examined and diagnosed with these devices.
Factors such as a rise in cases of respiratory diseases, increasing investments in product innovation, and improved reimbursement scenarios in various developed and developing countries are significantly contributing to market revenue growth. Further, growing preference for minimally invasive procedures among patients is fueling demand for bronchoscopy anatomy. However, the risk of cross-contamination might hinder bronchoscopy anatomy market’s expansion to some extent.
Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth
Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.
Some Key Highlights from the Report
- By component type, the endoscope segment revenue is expected to grow at a faster rate over the forecast period. Advantages offered by endoscopes compared to visualization systems and accessories, rising occurrence of respiratory diseases, and technological advancements are contributing to revenue growth of this segment.
- By patient type, the adult patient segment accounted for largest revenue share in 2020 and is expected to grow at the fastest CAGR over the forecast period. Rising population, increase in pollution or use of harmful gases, and chronic illnesses, such as respiratory diseases, lung cancer, and air pathway blockages, are contributing to revenue growth of this segment.
- The hospital segment accounted for largest revenue share of the bronchoscopy anatomy market in 2020. High revenue share of this segment can be attributed to increased patient preference for hospital-based treatments due to the availability of technologically advanced equipment, presence of skilled doctors, better healthcare infrastructure, and reimbursement policies.
- The bronchoscopy anatomy market in North America accounted for largest revenue share in 2020. A rise in the occurrence of chronic respiratory disorders, improved reimbursement scenario, and growing incidence of lung cancer in Canada are some important factors contributing to North America’s large revenue share in the global bronchoscopy anatomy market.
- The market in Asia Pacific is expected to grow at the fastest revenue CAGR over the forecast period due to factors such as increasing number of hospitals, rising disposable income, technological advancements, and existence of a large patient population in the region.
Top Players in the Global bronchoscopy anatomy Market:
Olympus Corporation (Japan), KARL STORZ (Germany), Fujifilm Holdings Corporation (Japan), Ambu A/S (Denmark), Boston Scientific (US), Medtronic (Ireland), COOK Group Corporation (US), Johnson & Johnson Pvt. Ltd. (US), Hoya Corporation (Japan), and Richard & Wolf GMBH (Germany).
The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.
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bronchoscopy anatomy Market Segmentation:
Component Type Outlook (Revenue, USD Million; 2018–2028)
- Endoscope
- Visualization System
- Accessories
- Other product
Usability Outlook (Revenue, USD Million; 2018–2028)
- Disposable Equipment
- Reusable Equipment
Patient Type Outlook (Revenue, USD Million; 2018–2028)
- Adult Patient
- Pediatric Patients/Neonates
End-Use Material Outlook (Revenue, USD Million; 2018–2028)
- Hospital
- Ambulatory surgical centers and clinics
- Diagnostic centers
Application Outlook (Revenue, USD Million; 2018–2028)
- Bronchial Diagnosis
- Bronchial Treatments
Global bronchoscopy anatomy Market Report: Regional Segmentation
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Global bronchoscopy anatomy Market: Table of Contents
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global bronchoscopy anatomy market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global bronchoscopy anatomy market?
- Which regional market is expected to lead in terms of revenue share in the global bronchoscopy anatomy market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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