PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364694
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364694
Disposable Bronchoscope Market size was valued at USD 620.3 Million in 2022, expanding at a CAGR of 14.7% from 2023 to 2030.
A disposable bronchoscope is a flexible, single-use bronchoscope that is used once and then discarded. Bronchoscopes are medical instruments used to inspect the trachea, bronchi, and lower airways of the lungs visually. One of the most recognized advantages of disposable bronchoscopes is the reduced danger of cross-contamination and nosocomial infections. Cleaning and disinfecting reusable bronchoscopes is a complicated and time-consuming process, and patient infections have been linked to improperly cleaned scopes.
Rising prevalence of chronic respiratory disorders, and technological advancements in the field of bronchoscopy devices are expected to propel market demand.
As the global incidence of respiratory illnesses such as COPD, asthma, lung cancer, and pulmonary infections rises, so does the demand for diagnostic and therapeutic approaches. Bronchoscopy plays an essential role in the diagnosis and therapy of many disorders. According to World health organization, Chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Nearly 90% of COPD deaths in those under 70 years of age occur in low- and middle-income countries (LMIC). Furthermore, technological advancement and increased need for sterility may provide growth opportunities for the market. moreover, the disposable nature of bronchoscopes contributes to increasing medical waste. This can be a concern in terms of both the environment and disposal expenses.
The Global Disposable Bronchoscope Market is segmented on the basis of Product Type, End-User, and Region.
The market is divided into two categories based on product type: Rigid and Flexible. The flexible segment dominates the market. Flexible bronchoscopes are commonly used for airway visualization, biopsies, foreign body removal, and other operations. Their adaptability permits them to negotiate the airway's branching layout.
The market is divided into two categories based on End-User: Hospitals, Clinics, and Diagnostic Centers. The hospital sector dominates the market and is likely to maintain its dominance during the forecast period. The market for disposable bronchoscopes in hospitals has been growing, owing to concerns about patient safety, infection control, and operational efficiency.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth of the Disposable Bronchoscope Market, due to the growing geriatric population, the rising prevalence of chronic respiratory disorders, and advancing healthcare infrastructure. In North America, the prevalence of conditions such as asthma, COPD, and respiratory infections has increased. A high smoking rate, urbanization, and environmental contaminants all contribute to this upward trend. The urban population of the United States attained a value of 274 million people in 2021. It recorded a growth of 0.7% in 2021 compared to the previous year. Between 2018 and 2021, the urban population of the United States increased by 2.0%, according to global data. As people get older, the number of health concerns that require bronchoscopic intervention increases, driving up demand for disposable bronchoscopes.
The disposable bronchoscope market is growing more vibrant and competitive, owing to its importance to patient safety and hospital operational efficiency. Manufacturers are stepping up to meet increased disposable bronchoscope demand with innovative solutions. The market has seen considerable attention due to the advantages of disposable bronchoscopes in terms of infection control, operational efficiency, and predictable cost structures.
Given that disposable bronchoscopes are new on the market than reusable ones, companies invest in marketing to educate potential customers about their benefits. As demand grows, new competitors may enter the market, bringing innovative products and solutions, increasing competition. For example, on Aug. 10, 2021, Boston Scientific Corporation announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the EXALT Model B Single-Use Bronchoscope, designed for use in bedside procedures within the intensive care unit (ICU) and operating room (OR).
On, 03 May 2021, Medical technology company Olympus expanded its US bronchoscopy portfolio with the introduction of five new single-use bronchoscopes. The H-SteriScope single-use bronchoscopes, which secured 510(k) clearance from the US Food and Drug Administration, are premium endoscopes designed for use in advanced diagnostic and therapeutic procedures.
The scope of this report covers the market by its major segments, which include as follows: