What is Bronchoscope?

 

Bronchoscopes Market By Product Type (Rigid Bronchoscopes, Flexible Fiber Bronchoscopes, Flexible Video Bronchoscopes, And Mobile Bronchoscopes), By Flexibility (Flexible And Rigid), By Usability (Single-Use And Reusable) By End User (Hospitals, Specialty Clinics, And Others), by geography is expected to grow at a steady CAGR forecast till 2026 owing to rising prevalence of various respiratory diseases such as tuberculosis and lung cancers. 

The global bronchoscopes market was valued at USD 17.89 billion in 2020, growing at a CAGR of 7.43% during the forecast period from 2021 to 2026 to reach USD 27.48 billion by 2026. The bronchoscopes market is witnessing a positive market growth owing to the factors such as rising prevalence of various respiratory diseases such as tuberculosis, the growing prevalence of lung cancers, increasing cases of chronic obstructive pulmonary diseases, and increasing product development activities with respect to bronchoscopes among others. One of the main drivers of the bronchoscopes market is the rising prevalence of various respiratory diseases such as tuberculosis (TB).

What is the Bronchoscopes Market Dynamics?

According to the factsheet provided by the World Health Organization (WHO), in 2020, approximately 10 million people were infected with tuberculosis across the globe. Moreover, the same source stated that tuberculosis was the second leading cause of death after COVID-19 claiming near about 1.5 million lives in 2020. It has been reported in many studies that bronchoscopy is often recommended in patients as a confirmatory test with a negative smear test result for suspected tuberculosis. Moreover, it has also been established that bronchoscopic procedures are considered to be less invasive therapeutic strategies than conventional surgery in the management of TB-related stenosis. Therefore, the demand for bronchoscopes is set to witness an increase owing to the increasing prevalence of tuberculosis, thereby positively impacting the bronchoscopes market growth during the forecast period (2021-2026).