Bronchoscopes market to reach USD 647.7 million by 2028

According to Future Market Insights (FMI), the global Bronchoscopes Market Size was worth approximately US$ 501 Million in 2022 and is expected to increase 1.3X over the forecast period. The market is estimated to increase at a CAGR of 4.4% between 2022 and 2028, with sales of US$ 647.7 million in 2028.

The global Bronchoscopes market is estimated to account for around 4% of the global endoscopes market by the end of 2021, which is expected to be valued at US$ 13.0 Billion in the same year. The increasing prevalence of idiopathic pulmonary fibrosis, pulmonary fibrosis, interstitial pneumonitis, occupational sarcoidosis, and pulmonary haemorrhage is boosting global demand for Bronchoscopes and may open up new opportunities for manufacturers.

Cleaning typical (multiple use) flexible Bronchoscopes is time consuming and expensive, and there is a risk of cross infection. By adopting a single-use flexible video bronchoscope, cross-contamination is eliminated. An early assessment of the economic effectiveness of single-use Bronchoscopes suggests potential hospital savings and patient benefits from infection prevention. The rising use of single-use flexible Bronchoscopes is developing a sizable industry due to their enticing benefits.

“Apart from the factors mentioned, technological advancements in the Bronchoscopes landscape—witnessing a transformation shift from conventional invasive procedures to minimally invasive and advanced devices—is a critical factor determining the global demand for Bronchoscopes, further amplifying its potential applications.

Among the significant improvements and developments boosting global demand for Bronchoscopes are white-light bronchoscopy, navigational bronchoscopy, and autofluorescence (blue-light) bronchoscopy. Thin Bronchoscopes with minimally invasive characteristics are increasingly gaining popularity. Manufacturers of Bronchoscopes have improved on original Bronchoscopes in terms of application and product variety,” notes a company senior analyst.

Top four manufacturers contribute the largest global revenue
Given the rapid pace of technological change, major broncoscope manufacturers are investing heavily in research and development projects to further improve product efficiency. The global broncoscopes market is extremely competitive, with relatively high entry barriers, differentiated and well-established products, and notable high profit margins.

Tier-1 manufacturers of Bronchoscopes, including Olympus Corporation, FUJIFILM Holdings Corporation, Teleflex Incorporated, and HOYA Corporation, collectively hold a market share of approximately 62.5 percent—with Olympus Corporation contributing the largest revenue slice.

Tier-2 players such as KARL STORZ GmbH & Co KG, Ambu A/S, and Richard Wolf GmbH and tier-3 players including Rochling Group and Shanghai AoHua Photoelectricity Endoscope Co., Ltd, collectively contribute approximately 37.5 percent revenue share to the global Bronchoscopes market. Future Market Insights, Inc.