Bronchoscopes Market Expected to Increase at a CAGR 4.3% by 2028
The bronchoscopes market is highly fragmented owing to growing number of firms especially from developing regions with poor manufacturing and labor laws. The market represents a bimodal curve with low- and high-end vendors. Low-end vendors are competing on price resulting in pressure on returns on investment. However, the high end products can charge a premium, which will result in market growth. The growing adoption of bronchoscopy procedures and surging geriatric population have created lucrative growth opportunities for the players operating in the bronchoscopes market. Olympus Medical, PENTAX Medical, and KARL STORZ hold large revenue shares in the global bronchoscopes market. The development of healthcare infrastructure around the world is also expected to drive the growth of the bronchoscopes market.
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