The Business Research Company’s Bronchoscopy Global Market Report 2021: COVID-19 Implications And Growth To 2030
LONDON, GREATER LONDON, UK, June 10, 2021 /EINPresswire.com/ — The growing prevalence of respiratory diseases contributed to the growth of the bronchoscopy market. According to the American Cancer Society 2020, in the United States, about 228,820 new cases of lung cancer and about 135,720 deaths from lung cancer. According to the data published by the World Health Organization in 2018, 384 million people suffer from the chronic obstructive pulmonary disease (COPD) and 3 million die from it each year, making it the third leading cause of death worldwide. Therefore, the increasing prevalence of respiratory diseases around the world, especially the COVID-19 outbreak in 2020, will drive the bronchoscopy market.
The bronchoscopy market consists of sales of bronchoscopes and bronchoscopy services. Bronchoscopy is a technique for visualizing inside airways or lungs for therapeutic and diagnostic purposes. In bronchoscopy, an instrument is inserted into the airways through nose, mouth, or sometimes through a tracheostomy through which the practitioner can examine the patient’s airways for any infections.
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The global bronchoscopy market size is expected to decline from $2.67 billion in 2020 to $2.64 billion in 2021 at a compound annual growth rate (CAGR) of -1.1%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The bronchoscopy market is expected to reach $3.65 billion in 2025 at a CAGR of 8%.
Major players in the bronchoscopy devices market are Olympus Corporation, Karl Storz, Fujifilm Holdings Corporation, Ambu A/S, Boston Scientific, Hoya Corporation, Richard Wolf GmbH, Cook Medical, Lymol Medical, and F. Hoffmann-La Roche Ltd.
The global bronchoscopy market is segmented by product into bronchoscopes, imaging systems, cytology brushes, others, by application into bronchial treatment, bronchial diagnosis, by working channel diameter into 2.8 mm, 2.2 mm, 3.0 mm, other working channel diameters, and by patient age into adult patients, pediatric/neonate patients.
Bronchoscopy Global Market Report 2021: COVID-19 Implications And Growth To 2030 is one of a series of new reports from The Business Research Company that provides bronchoscopy market overview, forecast bronchoscopy market size and growth for the whole market, bronchoscopy market segments, and geographies, bronchoscopy market trends, bronchoscopy market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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