A recent report published by Infinium Global Research on pulmonary endoscopy devices market provides in-depth analysis of segments and sub-segments in the global as well as regional pulmonary endoscopy devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pulmonary endoscopy devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pulmonary endoscopy devices market. According to the report the global pulmonary endoscopy devices market is projected to grow at a CAGR of 3.9% over the forecast period of 2018-2024.
Endoscopy is a nonsurgical procedure used to examine a person's digestive tract. Pulmonary endoscopy devices allow easy access into the lungs central and peripheral walls to make an accurate diagnosis of cancer and other conditions affecting the lungs. These devices provide better visibility of lungs and easy biopsy procedure that helps in reducing life-threatening infections and eliminates the need for product sterilization.
A large number of populations are affected by respiratory disorders that include COPD, bronchitis, emphysema, interstitial lung diseases, tumors of the lung, pulmonary embolism, asthma, and related disorders. Pulmonary asthma and cystic fibrosis are the most common form of lungs disorders found among the global population. Thus increasing presence of large patient pool with a respiratory disorder is expected to fuel the pulmonary endoscopy devices market. Furthermore, pulmonary endoscopy devices are less invasive surgery procedure and there is a huge shift from the conventional open surgeries towards minimally invasive surgeries due to easy biopsy procedure, less pain, reduce life-threatening infections and less maintenance cost. Thus increasing the popularity of minimally invasive procedure will drive the growth prospects. However, the initial high setup cost of pulmonary endoscopy devices to hinder the market growth. Advances in technology & rising demand for fiberoptic bronchoscopy can further create huge opportunities for pulmonary endoscopy market.
Among the geographies, North America held the largest market share in 2017, on account of the adoption of pulmonary endoscopy devices for lungs disorder treatment procedure. The U.S. is currently driving the North America pulmonary endoscopy market, owing to increasing number of patients affected with lungs disorder and adoption of less invasive surgery procedure. Asia-Pacific is expected to grow at the highest CAGR on account of developing healthcare infrastructure in developing countries like India, China, and other South East Asian countries.
The report on global pulmonary endoscopy devices market covers segments such as product type. On the basis of product type the global pulmonary endoscopy devices market is categorized into bronchoscopes, instruments and accessories and pulmonary endoscopy services.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and rest of the world. In this section, the key trends and market size for each geography is provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global pulmonary endoscopy devices market such as Boston Scientific, Broncus, Medtronic, Karl Storz, OLYMPUS, PENTAX Medical, Applied Medical, CONMED, Endocure Technologies, and Vimex.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global pulmonary endoscopy devices market. Moreover, IGR-Growth matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter's five forces analysis and DRO analysis of pulmonary endoscopy devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pulmonary endoscopy devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the pulmonary endoscopy devices market to understand the present and future trends in this market and formulate their strategies accordingly.