Global Pulmonary Endoscopy Devices Market to grow at a CAGR of 4.11% during the period 2017 - 2021; Finds New Report

Report forecast the global pulmonary endoscopy devices market to grow at a CAGR of 4.11% during the period 2017-2021.

The global pulmonary endoscopy devices market has the potential to grow at a steady pace. There is an increased demand for pulmonary endoscopy devices in individuals with disorders such as COPD, bronchitis, emphysema, interstitial lung diseases, tumors of the lung, pulmonary embolism, and asthma and related disorders. The market growth is primarily due to the increasing incidence of respiratory disorders, such as chronic obstructive pulmonary asthma and cystic fibrosis, among the global population.

The report covers the present scenario and the growth prospects of the global pulmonary endoscopy devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales and service support for various pulmonary endoscopy devices to key end-users such as hospitals, ambulatory surgical centers, and physicians' offices.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one driver in market is popularity of minimally invasive procedures. The end users' preference toward minimally invasive surgeries is expected to drive the demand for pulmonary endoscopy devices worldwide. The increasing demand for such devices is due to the number of complications associated with the use of traditional open surgeries. For instance, the conventional open surgeries can cause various post-operation complications such as pain, blood clots, fatigue, muscle atrophy, and infections. Anesthesia administered before surgeries can cause a sore throat, nausea, and sleepiness. On the other hand, minimally invasive surgeries are associated with reduced cost and hospital stay, lower risks of post-operation infections, rapid results, and faster recovery period. Also, numerous research studies have also demonstrated the advantages of MIS over open surgeries. This has fueled the adoption of pulmonary endoscopy devices in various medical facilities.

Further, the report states that one challenge in market is lack of trained physicians. Though most of the medical facilities implement technologically advanced pulmonary endoscopes to perform surgeries, the number of skilled physicians is less. The use of pulmonary endoscopes involves issues such as difficulty in handling devices, sterilization issues, restricted operating area vision, and the need for proper hand-eye coordination. Many of these endoscopes are heat sensitive, hence efficacious alternative methods of sterilization is necessary. Various chemical agents are widely used for sterilization purpose of endoscopes and gamma irradiation method is used for disposable instruments after every procedure. Also, the physicians need to have high levels of experience and training to perform pulmonary endoscopy surgeries efficiently. They need certification for the use of such devices and to perform advanced surgeries. Although there is a growing popularity of pulmonary endoscopy in regions such as Africa and South America, the lack of adequate trained/skilled personnel will have an adverse impact on the adoption rates in these regions. Also, the availability of training programs in pulmonary endoscopy is limited in South America. Few academic institutions in the region have an accreditation program for pulmonary endoscopy training and companies are providing training to surgeons to overcome this hurdle.

Global Pulmonary Endoscopy Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global pulmonary endoscopy devices market: Boston Scientific, Broncus, Medtronic, Karl Storz, and OLYMPUS.

Other Prominent Vendors in the market are: Applied Medical, asap endoscopic products, Conmed, Endocure Technologies, EndoLook, FUJIFILM, Hobbs Medical, Maxerendoscopy, PENTAX Medical, RICHARD WOLF, STERIS, Stryker, and Vimex.

Market driver

• Presence of large patient pool with respiratory disorders fuels market growth.
• For a full, detailed list, view our report

Market challenge

• Risks and complications involved in pulmonary endoscopy procedures.
• For a full, detailed list, view our report

Market trend

• Shift toward disposable endoscopy devices in developed countries.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 95 pages and 59 Exhibits “Global Pulmonary Endoscopy Devices Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Reimbursement scenario, Market segmentation  by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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