Bronchoscope manufacturers remain focused on development initiatives to improve product functionality and accuracy for higher adoption amid healthcare facilities.

The bronchoscopes market is projected to expand by 1.5 to surpass a valuation of 441 Mn by the end of the forecast period in 2028.The covid-19 virus primary affects the human respiratory system. Consequently, the potential application of bronchoscopes in diagnostic and treatment procedures can potentially aid market growth throughout the crisis period. In addition, bronchoscopy applications in other chronic ailments will continue to contribute to revenue streams in the long term.

“Flexible bronchoscopes are increasingly taking over from their rigid counterparts, owing to superior functionality and applications in laser resection, biopsies, cauterization, and suctioning. Consequently, these devices are projected to witness greater demand despite higher costs,” states the FMI analyst.

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Bronchoscopes Market- Critical Takeaways

• Fiberoptic flexible bronchoscopes are gaining strong demand owing to superior infection and tumor identification functionality.
• Reusable bronchoscopes are witnessing high adoption rates, driven primarily by cost objectives of healthcare facilities.
• North America is a key market for bronchoscopes owing to the prevalence of major market players and growing cases of lung tumors.

Bronchoscopes Market- Drivers

• Improvements in terms of reimbursement policies for bronchoscopy procedures is a major factor boosting the adoption of bronchoscopes.
• Growing incidences of respiratory ailments and frequent tech innovation in bronchoscope devices contribute to market growth.

Bronchoscopes Market- Restraints

• Bronchoscopes remain limited in functionality, with difficulties in conducting bronchoscopies in areas such as upper lung lobes.
• Shortage of adequately trained and experienced healthcare professionals holds back market growth.

Coronavirus Impact on Bronchoscopes Market

The coronavirus primarily impacts respiratory systems of patients, which in turn has created niche applications of bronchoscopes for diagnostics and treatments in non-urgent cases. On the other hand, the use of reusable bronchoscopes in potential Covid-19 cases has been found to increase the risk of transmission between patients and healthcare professionals, which limit usage. Further, applications in other chronic disorders will sustain demand and sales through the crisis period.

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Competitive Landscape

Novatech SA, Olympus Corp., Rochling Group, Fujifilm Holdings Corp., Shanghai AoHua Photoelectricity Endoscope Co. Ltd., Teleflex Inc., Hoya Corp., KARL STORZ GmbH & Co. KG, and Richard Wolf GmbH are some of the leading bronchoscopes market players.

Manufacturers in the bronchoscopes market are increasingly investing in strategic industry collaborations towards research and development initiatives for product improvements.

For instance, Mauna Kea Technologies has collaborated with Johnson & Johnson for clinical trials on robotic navigational bronchoscopy devices. Similarly, Auris Health has announced its collaboration with Ethicon towards robot assisted bronchoscopy ablations. Also, Hitachi is working with Hoya Corp., towards the development of products such as ultrasound bronchoscope systems among others.

Mushrooming incidences of thyroid cancer have amplified the number of thoracic surgeries, thus stimulating growth of hypoparathyroidism treatment market.

Future Market Insight predicts that the hypoparathyroidism treatment market will surge positively until 2026. Hypoparathyroidism refers to the dwindling secretion or activity of the parathyroid hormone (PTH), inducing an imbalance in the calcium-phosphorus equilibrium of the blood.

Increasing incidence of the disease is a major factor stimulating market growth. In the United States alone, the number of people affected by thyroid cancer rose to more than 50,000, resulting in over 2,000 deaths in 2020. This is spurring people to seek timely treatment and avoid worsening the condition.

Fortunately, advancements in the pharmaceutical sector has boded well for hypoparathyroidism treatment, with leading companies augmenting investments in drug development and biologics. Governments are aiding in this endeavor by eliminating restrictions and facilitating grants for research.

“Introduction of orphan drugs and provision of tax incentives for qualified clinical trials are anticipated to provide a massive boost to the hypoparathyroidism treatment market,” concludes an FMI analyst.

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Hypoparathyroidism Treatment Market- Key Takeaways

• Hypoparathyroidism treatment market shall expand at 8% CAGR until 2026
• North America accounts for nearly 3/5^th of the clinical trials for hypoparathyroidism drugs
• Improving healthcare infrastructure shall stimulate better treatment across other regions
• Most clinical trials are in stages III or IV, accounting for nearly 40% of all active clinical programs

Hypoparathyroidism Treatment Market- Main Drivers

• Natpara is the only known drug existing for treating hypoparathyroidism
• 19 out of 47 clinical programs involve API with high potential market equity
• Vendors are leveraging government incentives to develop a wide pool of drugs in the future

Hypoparathyroidism Treatment Market- Restraints

• Lengthy clinical approval cycles limiting entry of new market players
• Nearly 7% of clinical trials suspended due to the drugs’ deleterious effects and failed efficiency
• Most trials do not fulfil treatment guidelines established by regulatory authorities, further restraining the market

COVID-19’s Impact

The COVID-19 pandemic has generated a significant slump in the hypoparathyroidism treatment market, with patients postponing their treatment in the wake of rising cases of infections across all continents. Clinical trials have been temporarily stalled in favor of developing potential drug candidates to tackle the coronavirus. Fortunately, pharmaceutical companies are taking steps to ensure that existing supplies of essential drugs are not hampered. Patients are being advised to stock up the drugs in advance to avoid future shortages. As lockdown restrictions are being lifted, clinical trials are now resuming, leading to a resurgence of growth in the long-run.

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Competitive Landscape

Prominent players in the hypoparathyroidism treatment market include F. Hoffmann La Roche Ltd, Shire-NPS Pharmaceuticals Inc., EnteraBio Ltd., AbbVie Inc., Sun Pharmaceuticals Ltd. and Teva Pharmaceuticals Ltd. This renders it’s a fairly consolidated market.

These players are vying for increasing their presence through mounting acquisitions and collaborations with regional players. Findings suggest that several players are foraying into Asian markets, given the high impetus provided to healthcare infrastructure by the respective governments. The Indian market promises to be the most lucrative, attributed to high fatalities associated with thyroid disorders.

In 2013, La Roche launched the Elecsys Calcitonin laboratory test for diagnosing and lifetime monitoring of medallury thyroid cancer patients post-surgery.

The market report envelopes an all-in information of the global Asia Pacific Plastic Additives market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Asia Pacific Plastic Additives market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Asia Pacific Plastic Additives market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Asia Pacific Plastic Additives market.

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• Exxon Mobil Corporation
• Clariant Ltd
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