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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Interventional pulmonology uses non-surgical, minimally invasive procedures for the diagnosis and treatment of lung cancer, thoracic cancer, tracheal cancer, and other diseases related to the respiratory system. It relies on endoscopic techniques, which involve inserting an instrument into the human body to view internal organs and tissues and to conduct additional procedures. Interventional pulmonary medicine is also used to treat related symptoms that may cause discomfort, such as shortness of breath, coughing, and chest pain.

The global interventional pulmonology market is estimated to be valued at US$ 3,535.3 million in 2021 and is expected to exhibit a CAGR of 5.4% during the forecast period (2021-2028).

Figure 1. Global Interventional Pulmonology Market Share (%) in Terms of Value, By Product Type, 2021

Interventional Pulmonology  | Coherent Market Insights

Increasing prevalence of chronic obstructive pulmonary disease and asthma is expected to drive the market growth during the forecast period.

Increasing prevalence of chronic obstructive pulmonary disease and asthma is expected to drive the global interventional pulmonology market growth over the forecast period. For instance, according to data published by World Health Organization in 2021, estimated that Chronic Obstructive Pulmonary Disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019.

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Interventional Pulmonology Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 3,535.3 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.4% 2028 Value Projection: US$ 5,107.5 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Bronchoscopes, Electromagnetic Navigation Bronchoscopy Systems, Pleuroscopes, Respiratory Endotherapy Devices, Airway Stents, Pleural Catheters, Endobronchial Valves, Bronchial Thermoplasty Systems
  • By Indication: Asthma, Chronic Obstructive Pulmonary Disease, Lung Cancer, Tracheal & Bronchial Stenosis, Others
  • By End User: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Specialty Clinics
Companies covered:

Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Becton, Dickinson and Company, Smiths Group plc., Cook Medical, Vygon, PENTAX Medical, Clarus Medical LLC, HUGER Medical Instrument Co., Ltd., Richard Wolf Corporation, Karl Storz, Taewoong Medical Co., Ltd., and ELLA – CS, s.r.o.

Growth Drivers:
  • Increasing prevalence of  Chronic Obstructive Pulmonary Disease and Asthma
  • Key companies focusing on product launches
Restraints & Challenges:
  • Product recalls

Figure 2.Global Interventional Pulmonology Market Share (%), By Indication, 2021

Interventional Pulmonology  | Coherent Market Insights

Key companies focusing on product launches is expected to drive the market growth during the forecast period

Key players operating in the market are focusing on product launches for interventional pulmonology, which is expected to drive the global interventional pulmonology market growth during the forecast period. For instance, in April 2021, Olympus Corporation a global leader in medical technology, announced the addition to its U.S. bronchoscopy portfolio of the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a line of five premium endoscopes for use in advanced diagnostic and therapeutic procedures. The introduction of the H-SteriScope portfolio has been a collaboration between Veran Medical Technologies, Inc., a wholly owned Olympus subsidiary, and Hunan Vathin Medical Instrument Co., Ltd.

Global Interventional Pulmonology Market– Impact of Coronavirus (COVID-19) Pandemic

Supply chain and manufacturing activities in India, Italy, Spain, U.K., and the U.S. have been disrupted due to lockdowns implemented by governments since the past few months, while countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation.

The coronavirus or COVID-19 outbreak that started from Wuhan, China has spread across continents, affecting various industries globally. Supply of key materials has been severely disrupted due to the forced quarantine, and lack of labor and raw materials. As the link between regional warehouses is not smooth, the transportation of raw materials between regions cannot be carried out successfully. This shortage of raw materials and components has affected the supply chain of the global interventional pulmonology market.

Due to severe shortage of medical resources at the front line, only patients diagnosed with serious conditions could be hospitalized. Unfortunately, the pathogenic mechanism of the virus has not been identified completely, therefore, there is no specific drug and treatment except for symptomatic and supportive treatments. Respiratory support devices such as life-support machines, atomizer, oxygen generators, and monitors are primary clinical treatment medical devices. Thus, from diagnosis to cure, the need for instruments for measuring temperature, nucleic acid diagnostic kit, antiviral medical products, and life-support machine has increased consistently.

Furthermore, the COVID-19 pandemic has impacted the global economy and in turn, the global interventional pulmonology market. Quarantines, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending.

Global Interventional Pulmonology Market: Restraint

The major factors that hinder growth of the global interventional pulmonology market include product recalls. For instance, in August 2020, Olympus Corporation’s BF-Q180 bronchoscope was recalled as it did not have a 510(k) clearance, and the device is associated with a higher rate of patient infections than other comparable Olympus Medical Systems Corporation bronchoscopes.

Key Players

Major players operating in the global interventional pulmonology market include Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Becton, Dickinson and Company, Smiths Group plc., Cook Medical, Vygon, PENTAX Medical, Clarus Medical LLC, HUGER Medical Instrument Co., Ltd., Richard Wolf Corporation, Karl Storz, Taewoong Medical Co., Ltd, and ELLA – CS, s.r.o.

Interventional pulmonology is an area of pulmonary medicine that deals specifically with minimally invasive endoscopic and percutaneous procedures for the diagnosis and treatment of neoplastic as well as non-neoplastic diseases of the airways, lungs, and pleura. Interventional pulmonology uses endoscopy and other tools to diagnose and treat conditions of the lungs and chest including COPD (Emphysema), asthma, lung cancer and tuberculosis. Interventional pulmonology procedures include the usage of various image-guided techniques, such as computed tomography, fluoroscopy, and ultrasound to diagnose and treat the particular site affected by pain or cancer. Interventional pulmonology procedure is most commonly implemented with other cancer treatments, such as surgery, chemotherapy, and radiation therapy.

Market Dynamics

Factors such as rising awareness of lung cancer and rising healthcare expenditure for research & development activities is expected to drive the market growth during the forecast period. For instance, in November 2020, Clatterbridge Private Clinic is part of The Clatterbridge Cancer Centre NHS Foundation Trust, helped to raise awareness of lung cancer. Clatterbridge Private Clinic have raised awareness through celebrating lung cancer awareness month which is an annual event aimed at rising awareness of lung cancer and to encourage people displaying common symptoms to visit their general practitioner for an appointment. Moreover, according to the National Bureau of Statistics, in February 2018, China’s expenditure on healthcare research and development increased by 11.6% in 2017 from 10.6% in 2016, reaching US$ 280 Mn in 2017.

Key features of the study:

  • This report provides in-depth analysis of the global interventional pulmonology market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global interventional pulmonology market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Becton, Dickinson and Company, Smiths Group plc., Cook Medical, Vygon, PENTAX Medical, Clarus Medical LLC, HUGER Medical Instrument Co., Ltd., Richard Wolf Corporation, Karl Storz, Taewoong Medical Co., Ltd, and ELLA – CS, s.r.o.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global interventional pulmonology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global interventional pulmonology market

Detailed Segmentation:

  • Global Interventional Pulmonology Market, By Product Type:
    • Bronchoscopes
    • Electromagnetic Navigation Bronchoscopy Systems
    • Pleuroscopes
    • Respiratory Endotherapy Devices
    • Airway Stents
    • Pleural Catheters
    • Endobronchial Valves
    • Bronchial Thermoplasty Systems
  • Global Interventional Pulmonology Market, By Indication:
    • Asthma
    • Chronic Obstructive Pulmonary Disease
    • Lung Cancer
    • Tracheal & Bronchial Stenosis
    • Others
  • Global Interventional Pulmonology Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Diagnostic Centers
    • Specialty Clinics
  • Global Interventional Pulmonology Market By Region:
    • North America
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Bronchoscopes
        • Electromagnetic Navigation Bronchoscopy Systems
        • Pleuroscopes
        • Respiratory Endotherapy Devices
        • Airway Stents
        • Pleural Catheters
        • Endobronchial Valves
        • Bronchial Thermoplasty Systems
      • By Indication
        • Asthma
        • Chronic Obstructive Pulmonary Disease
        • Lung Cancer
        • Tracheal & Bronchial Stenosis
        • Others
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Specialty Clinics
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Boston Scientific Corporation *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Olympus Corporation
    • FUJIFILM Corporation
    • Becton, Dickinson and Company
    • Smiths Group plc.
    • Cook Medical
    • Vygon
    • PENTAX Medical
    • Clarus Medical LLC
    • HUGER Medical Instrument Co., Ltd
    • Richard Wolf Corporation
    • Karl Storz
    • Taewoong Medical Co., Ltd
    • ELLA – CS, s.r.o.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Product Type
      • Market Snapshot, By Indication
      • Market Snapshot, By End User
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
    • Impact Analysis
    • Pipeline Analysis
    • Regulatory Scenario
    • Market Trends
    • Key Developments
    • Epidemiology
    • PEST Analysis
    • Brand Analysis
  4. Global Interventional Pulmonology Market– Impact of Coronavirus (COVID-19) Pandemic
    • Impact on Supply and Demand
    • Government Initiatives
  5. Global Interventional Pulmonology Market, By Product Type, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Bronchoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Electromagnetic Navigation Bronchoscopy Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Pleuroscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Respiratory Endotherapy Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Airway Stents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Pleural Catheters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Endobronchial Valves
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Bronchial Thermoplasty Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  6. Global Interventional Pulmonology Market, By Indication, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Asthma
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Chronic Obstructive Pulmonary Disease
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Lung Cancer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Tracheal & Bronchial Stenosis
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  7. Global Interventional Pulmonology Market, By End User, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Diagnostic Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  8. Global Interventional Pulmonology Market, By Region, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2028
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Indication, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Boston Scientific Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Olympus Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • FUJIFILM Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Becton, Dickinson and Company
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Smiths Group plc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Cook Medical
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Vygon
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • PENTAX Medical
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Clarus Medical LLC
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • HUGER Medical Instrument Co., Ltd.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Richard Wolf Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Karl Storz
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Taewoong Medical Co., Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • ELLA – CS, s.r.o.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
    • Analyst Views
  10. Section
    • Research Methodology
    • About Us

*Browse 27 market data tables and 31 figures on "Interventional Pulmonology Market” - Global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The global interventional pulmonology market size is estimated to be valued at US$ 3,535.3 million in 2021 and is expected to exhibit a CAGR of 5.4% between 2021 and 2028.
Factors such as increasing prevalence of chronic obstructive pulmonary disease and asthma and key companies focusing on product launches are expected to drive the market growth during the forecast period.
Bronchoscopes segment is expected to hold a major market share during the forecast period.
The major factor hampering growth of the market include product recalls.
Major players operating in the market include Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Becton, Dickinson and Company, Smiths Group plc., Cook Medical, Vygon, PENTAX Medical, Clarus Medical LLC, HUGER Medical Instrument Co., Ltd., Richard Wolf Corporation, Karl Storz, Taewoong Medical Co., Ltd, and ELLA – CS, s.r.o.
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