Disposable bronchoscopes market to reach USD 2.9B by 2032

The disposable bronchoscopes market share is expected to increase at a compound annual growth rate (CAGR) of 16.9%, from US$ 545.8 million in sales in 2021 to US$ 2.9 billion by the end of 2032, according to a new report by Future Market Insights. Over the next ten years, the global market is anticipated to have an absolute monetary opportunity of roughly US$ 2.3 billion, with the hospital segment predicted to lead the industry with a CAGR of 18.2%.

Following the start of the global pandemic, which discouraged medical personnel from using reusable bronchoscopes, the market for disposable bronchoscopes expanded quickly. The adoption rate has increased dramatically as a result of rising government spending on building the healthcare infrastructure and technology innovations made by industry players.

The disposable bronchoscopes market is expected to grow due to the increased lung cancer rates, an ageing population, demand for local biopsies and technological advancements in the field of bronchoscopy. Also, the surge in patients with chronic respiratory illnesses is driving the demand for the product. During the forecast period 2022-2032, South Korea and China are expected to deliver the most lucrative results by growing at a CAGR of 22.5% and 19.5% respectively. North America tops among the region category with the highest market share while growing at CAGR of 17.7%.

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. Future Market Insights