Global Pulmonary Endoscopy Devices Market – Opportunity Assessment and Industry Analysis by Technavio

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According to the latest market research study by Technavio, the global pulmonary endoscopy devices market is expected to grow at a CAGR of more than 4% during the forecast period 2017 to 2021.

This report by Technavio offers a detailed breakdown of the global pulmonary endoscopy devices market in terms of revenue and emerging market trends. The report also contains an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the product type

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Pulmonary Endoscopy instruments and accessories: The replacement of old equipment with new advanced devices is driving the growth of this market segment. The endoscopic instruments consist of procedure, including cameras, video monitors, light sources, video recorders, video processors, electrosurgical generators, and insufflators. The vendors in the market are focusing on launching new products to increase their revenues and expand their consumer base.

The innovations in endoscopy visualization systems will help revolutionize the market and improve patient care services. The development of high-definition and ultra-high definition video systems will enhance the visualization of the patient’s anatomy and increase its adoption in the global market. Additionally, the growing demand for minimally invasive surgeries will fuel the development of small and therapy instruments and surgical devices in the market,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices.

Global bronchoscope market: The increasing need for painless procedures and requirement for minor incisions is driving the growth in the bronchoscope market. These devices are used for endoscopic lung surgery, chronic cough, tumor, and infection. Moreover, the use of these devices has minimized the post-surgery complications and thereby led to reduced healthcare costs. The launch of next-generation platform pulmonary endoscopy systems, which can be used for the treatment of various respiratory disorders will lead to the growth of the global market.

Pulmonary Endoscopy services: The growing demand for training owing to the limited availability of skilled surgeons will drive the demand in this market segment. These services ensure sustained proficiency, optimal performance, and reduced morbidity of endoscopy systems that offer better performance. Leading companies in the market offer support, installation, repair, and maintenance services to provide safety and efficacy to the devices owned by healthcare institutes.

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The top vendors operating in the global pulmonary endoscopy devices market are:

  • Boston Scientific
  • Broncus
  • Medtronic
  • Karl Storz

The other prominent vendors in the market include Applied Medical, asap endoscopic products, Conmed, Endocure Technologies, EndoLook, FUJIFILM, Hobbs Medical, Maxerendoscopy, PENTAX Medical, RICHARD WOLF, STERIS, Stryker, and Vimex.

A comprehensive breakdown is offered in the Technavio report titled, ‘Global Pulmonary Endoscopy Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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