Disposable Bronchoscopes Market: Investment Opportunities and Forecast 2022-2032 from Sanket Badgujar's blog

According to a recent analysis by Future Market Insights, the global disposable bronchoscopes market is poised for substantial growth, with projections reaching USD 622.3 Million in 2022 and anticipated to soar to USD 2.9 Billion by the close of 2032, boasting a notable CAGR of 16.9%. The report forecasts a significant absolute dollar opportunity of approximately USD 2.3 Billion over the next decade, with the hospital segment projected to lead the industry with a compelling CAGR of 18.2%.

The disposable bronchoscopes market has experienced a swift surge, particularly catalyzed by the global pandemic, which compelled health professionals to steer clear of reusable bronchoscopes. This paradigm shift, coupled with increased government expenditure on enhancing healthcare infrastructure and noteworthy technological advancements by market participants, has led to a notable uptick in the adoption rate of bronchoscopes in hospitals. Consequently, there has been a discernible shift among professionals from open surgeries towards minimally invasive methods.

Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14791

"Disposable bronchoscopes have emerged as a pivotal solution, especially amidst the constraints posed by the global health crisis. Their convenience, coupled with advancements in technology, has positioned them as a preferred choice among healthcare professionals," remarked FMI.

Key Takeaways from the Market Study

• Global disposable bronchoscopes market is expected to reach a market size of USD 2.9 Billion by 2032.
• The Global market is expected to offer an absolute dollar opportunity of USD 2.3 Billion in coming 10 years by growing at a CAGR of 9%.
• The U.S. market share is expected to remain unchanged during the forecasted period with the dominant market share of over 35%.
• Hospital segment is expected to remain the dominant segment with the CAGR of 2% during the period of projection.
• South Korea and China are expected to provide a greatest opportunity by growing fastest at a CAGR of 5% and 19.5% respectively.

The COVID-19 epidemic and its aftermath have hastened the adoption and utilization of disposable bronchoscopes as healthcare providers became aware of the risk of reusable equipment and the contamination risk that comes with it, comments a Future Market Insights analyst.

Competitive Landscape:

The market for commercial Brachytherapy products including disposable bronchoscopes is dominated by several regional and global corporations. To sell their solutions across multiple markets, they compete on product innovation, quality, reputation, and market coverage. The rising adoption of disposable bronchoscopes has consequently created a competitive environment among the companies in the industry.

In addition, the large corporations are betting on mergers and acquisitions as a way to expand the market and intensify competition. These companies have formed several partnerships to provide full satisfaction to their clients. The leading firms are working on building cost-effective disposable bronchoscopes that fulfil the expectations of consumers. In this way they are trying to maintain their dominant position.

Key Players:

• AMBU A/S
• Boston Scientific Corporation
• Fujifilm Holdings Corporation
• Karl Storz GmbH & Co. KG
• NeoScope Inc.
• Olympus Corporation
• PENTAX Medical
• Richard Wolf GmbH
• Stryker Corporation
• Smith & Nephew, Inc.

The major developments in the market are:  

• In Feb 2022, Boston Scientific acquired Baylis Medical Business Inc. to integrate the Baylis platforms with its existing structural heart capabilities and strengthen its position in one of the fastest-growing cardiology industries.
• In June 2021, KARL STORZ partnered with the Norwegian University of Life Science to provide them with veterinary medicine-related equipment. These machines could be used not only for training and research but also for diagnoses and treatment.
• In Dec 2020, Olympus Corporation acquired Veran Medical Technologies, Inc. which transferred VMT’s global sales network, marketing, manufacturing, research and development, and other services under the aegis of Olympus Corporation.

Market Segments Covered In Disposable Bronchoscopes Market Analysis:

By End-Use:

• Hospitals
• Clinics
• Diagnostics Centers

By Region:

• North America
• Latin America
• Europe
• APAC
• MEA