A bronchoscopy is a procedure that helps a doctor to study the inside of the lungs, which also include the bronchi, which are the main paths into the lungs. To carry out bronchoscopy, a doctor inserts a thin tube containing a light and camera into the lungs through the nose or mouth. The physician can use the discoveries to diagnose infections, tumors, or diseases which may be susceptible to be present in the lungs. The doctors use bronchoscopy to spot the cause of breathing difficulties and lung problems, such as infection, tumors, and bleeding. When the procedure is going on, a doctor may also insert stents in the airways or take a biopsy, which involves extracting a small sample of tissue for testing. After inducing anesthesia, the doctor will usually insert a flexible bronchoscope tube through the nose and throat and into the bronchi. This is carried out for the assessment of the reason for the respiratory problems or insufficiency of breath.

 Market scope and structure analysis:

COVID-19 scenario analysis:

Coronavirus disease 2019 (COVID-19) has brought a great challenge for every sector including pharmaceutical sector, and is anticipated to cause economic crisis. Furthermore, COVID-19 pandemic has widely affected healthcare system globally due to the shutdown of the small hospitals, clinics and other nursing homes. The pandemic has a higher impact on the healthcare system, leading to the 50% to 70% drop in revenue from March. Government enforced laws to prevent people from gathering and hence the production of certain products has also declined causing a downfall in the revenue. Additionally, visa cancellations have led to a pause in medical tourism and can negatively impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factors which are expected to help the bronchoscopy market grow include rise in the prevalence of respiratory diseases and rise in the investments in the hospitals to install bronchoscopy facilities. Furthermore, the surge in the technological advancements in Bronchoscopy and rise in the inclination toward the minimally invasive procedures would boost the market in the near future. However, the lack of skilled physicians and pulmonologists may impede the growth of the industry during the forecast period.

New product launches to flourish the market

The major market players are bringing up novel products to fulfill the need of the bronchoscopy market and are anticipated to help the market grow at a higher pace in the forecast period. For instance, in December 2019, PENTAX Medical, which is a healthcare industry leader in diagnostic and therapeutic endoscopy, had launched its new product EB19-J10U Ultrasound Video Bronchoscope. The main challenges for Bronchial diagnosis are to gather visual data of the airway wall and the structures adjacent to it. The challenge brings up to the innovation steps for crystal clear visualization of key pulmonary structures and allows efficient tissue sampling, both of which are crucial for effective therapy.

Furthermore, in September 2019, Verathon declared that it had expanded its bronchoscopy portfolio by launching GlideScope BFlex, which is a 5.8 single-use flexible bronchoscope. BFlex is a single-use bronchoscope designed with excellent image quality and maneuverability for difficult airways and bronchoscopy procedures. The BFlex 5.8 joins the BFlex 5.0 to provide accessible bronchoscopy and airway management in intensive care units, operating rooms, and emergency departments.

Surge in incidences of respiratory diseases to boost the market

Rise in incidences of the respiratory disorders is anticipated to help market grow in the forecast period. According to the estimates given by the American Cancer Society for 2020, there would be about 228,820 new cases of lung cancer (116,300 in men and 112,520 in women) and also about 135,720 deaths from lung cancer (72,500 in men and 63,220 in women). The alarming growth of such diseases would help the market propel in the forecast period.

Furthermore, according to the World Health Organization in 2018 estimated numbers of people who fell ill with tuberculosis (TB) is about 10 million worldwide. In addition, about 5.7 million are men, 3.2 million are women and 1.1 million are children out of these 10 million people. There were cases in all countries and age groups.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global Bronchoscopy industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Bronchoscopy market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Bronchoscopy market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Bronchoscopy market.
• The report provides a detailed global Bronchoscopy market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Bronchoscopy Market research report:

• Which are the leading market players active in the Bronchoscopy market?
• What current trends will influence the bronchoscopy market in the next few years?
• What are the driving factors, restraints, and opportunities in the Bronchoscopy market?
• What are the projections for the future that would help in tasking further strategic steps?