Increasing demand of advanced diagnostic devices is driving the growth if India Bronchoscope Market, FY2017-FY2027.
According to TechSci report on, “India Bronchoscope Market By Type (Flexible Bronchoscope, Rigid Bronchoscope, Others) By Working Channel Diameter (2.8mm, 2.2mm, 3.0mm, Others) By Usability (Reusable v/s Disposable) By Application (Bronchial Diagnosis v/s Bronchial Treatment) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, FY2027”, India bronchoscope market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India bronchoscope market owes its growth to the factors like growing need for effective and early diagnosis of breathing disorders that are rapidly increasing among the country population. Moreover, the rise in technological advancement in bronchoscope, growth in the population being more aware about the need of early diagnosis of the respiratory diseases is accelerating the growth of the India bronchoscope market, in the upcoming five years. Government initiatives and favorable policies long with the funding for the healthcare industry that drives the India bronchoscope market toward a consistent growth. Market players are creating merges and acquisitions for the development and distribution of advanced bronchoscope and the enhancement of bronchoscopes. Also, consumers are inclined toward a non-invasive procedure for the diagnosis of the lung and pulmonary diseases which can be achieved by the bronchoscope. These factors are anticipated to surge the growth of India bronchoscope market in the next five years.
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India bronchoscope market is segmented by type, working channel diameter, usability, application, end user, regional distribution, and competitional landscape. Based on working channel diameter, the market is further fragmented into 2.8mm, 2.2mm, 3.0mm, and others. 2.8 mm diameter is average pediatric bronchoscope working channel diameter. An adult bronchoscope is often larger to provide larger are also on the account that adults can easily accommodate the bronchoscope downing their throat. Working channel diameter is an important aspect that influences the product selection by the end user as medical devices with varied sizes are supportive toward different categories of the patient.
Based on usability, the market is divided into reusable and disposable devices. Reusable bronchoscope devices are anticipated to hold the largest market share and assert its dominance over the market on the account of its advantages like cost-effective nature as well as multiple usage the device has. Whereas disposable bronchoscope devices are expected to hold the fastest growing market segment on the backbone of drivers like technologically advanced products. Moreover, factors like no cross-contamination, instant availability, and no-reprocessing costs are also projected to influence the market growth in the next five years until, FY2027 positively.
Based on application, the market is further fragmented into bronchial diagnosis, and bronchial treatment. Bronchial diagnosis include examination, patient’s airway checkup, identification of bleeding lungs, chronic cough, any possibility of lung cancer, and to obtain tissue specimen for the biopsy. Bronchial treatment or therapeutics include treatment of the diseases using the bronchoscope devices like surgical procedures for the removal of a foreign object in the airway, laser resection of tumors, etc.
Holding major shares of the market, some of the top players in the market are, Fujifilm India Private Limited, India Medtronic Private Limited, Hoya Medical India Pvt. Ltd, Olympus Medical Systems India Pvt Ltd., Boston Scientific India Private Limited, Ambu India Private Limited, Conmed Linvatec India Pvt Ltd, Karl Storz Endoscopy India Private Limited, Teleflex Medical Private Limited, Cook India Medical Devices Pvt. Ltd, among others. Market players are highly invested in the research and development of the technologically advanced medical devices. Moreover, the surge in demand has driven the industry to provide for the devices that are cost-effective, feasible, easily movable etc. to achieve all the features, market players have come up with variant products that are in turn driving the market growth in the future five years.
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“Bronchoscope are one of the most important respiratory diagnostic procedural devices that are widely used across for diagnosing various pulmonary and lung related diseases that are prevalent in the country. Market players are constantly researching and developing the technologically advanced bronchoscopes to provide more efficient, cost-effective devices that give early diagnosing of the diseases. Government support toward the research and development is also one of the major drivers of the market. New players can focus on the investments and on the market launches of the technologically advanced products,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Bronchoscope Market By Type (Flexible Bronchoscope, Rigid Bronchoscope, Others) By Working Channel Diameter (2.8mm, 2.2mm, 3.0mm, Others) By Usability (Reusable v/s Disposable) By Application (Bronchial Diagnosis v/s Bronchial Treatment) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Bronchoscope market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Bronchoscope market.
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