ENT endoscopic and bronchoscopic devices market size is
projected to reach USD 4 billion, growing at a CAGR of close to 4% over
the forecast period, according to Technavio’s latest report.
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Technavio has published a new report on the global ENT endoscopic and bronchoscopic devices market from 2017-2021. (Photo: Business Wire)
In this report, Technavio
covers the market outlook and growth prospects of the global
ENT endoscopic and bronchoscopic devices market for 2017-2021.
The research report segments the market into ENT endoscopy and
bronchoscopy based on product type.
Minimally invasive surgeries are witnessing a steadily growing
preference, due to their shorter recovery periods and cosmetic
appeal. This preference creates a high demand for the ENT endoscopic
and bronchoscopic devices in various healthcare facilities, thereby
driving market growth.
Technavio’s research study segments the global ENT endoscopic and
bronchoscopic devices market into the following regions:
Americas: largest ENT endoscopic and bronchoscopic devices market
“The Americas comprise the largest regional segment in the ENT
endoscopic and bronchoscopic devices market, projected to be worth close
to USD 2 billion by 2021. The high adoption rate of rigid ENT
endoscopes and flexible bronchoscopes for a variety of
procedures is driving the dominance of the segment,” says
Srinivas Sashidhar, one of the lead analysts at Technavio for orthopedics
and medical devices research.
The market in North America is dominated by large companies like
Olympus, Karl Storz, Arthrex, and Teleflex. An increase in the awareness
of technological advances in the field of otorhinolaryngology and
pulmonology is leading to high rates of adoption of ENT endoscopes and
bronchoscopes by hospitals in the region, thereby driving market growth.
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EMEA: presence of regional manufacturers creates a
positive market scenario
The market in EMEA is expected to grow at a moderate rate over the
forecast period, driven by an increase in advanced and safe rigid ENT
endoscopes and flexible bronchoscopes. These devices as perceived as
patient friendly, and being used for various ENT and pulmonary
procedures in hospitals and ambulatory surgery centers (ASCs).
Additionally, the presence of regional manufacturers such as Henke-Sass
Wolf, Karl Storz, Richard Wolf, and Olympus has
created a positive market scenario in Europe. The market in the Middle
East is witnessing the significant adoption of these devices as well for
the treatment of sinusitis and chronic obstructive pulmonary disease
APAC: fastest growing ENT endoscopic and bronchoscopic devices market
“APAC will be the fastest growing regional segment, showcasing a
CAGR of 4.26% over the forecast period. The market is witnessing swift
adoption rates of these devices in countries such as China, Japan,
Singapore, South Korea, and Taiwan, which is driving the impressive
growth in the market share,” says Srinivas.
The use of flexible bronchoscopes to treat complex respiratory
conditions such as COPD is increasing. Additionally, the market has the
competitive presence of major manufacturers who are expected to
strengthen their distribution network and further penetrate the untapped
market, thereby driving market growth.
The top vendors in the global ENT endoscopic and bronchoscopic devices
market highlighted in the report are:
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