Key players and manufacturers in electromagnetic navigation bronchoscopy market are taking immense efforts in developing advanced minimally invasive technology for the purpose of catering to early diagnosis as well as treatment of the lung cancer. Pulmonary physicians are likely to drive the demand for electromagnetic navigation bronchoscopy owing to increasing demand from patients for treatments at curable stages.

Disposables type working channels component is likely to gain significant traction in electromagnetic navigation bronchoscopy market owing to easy process of passing the diagnostic instruments like biopsy foreceps, aspirating needles and brushes. Rapidly increasing number of pathologies will further drive the demand for disposables type working channels component, thereby positively impacting the growth of electromagnetic navigation bronchoscopy market.

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Electromagnetic Navigation Bronchoscopy Market: Drivers and Restraints

The attractive advantages of electromagnetic navigation bronchoscopy, especially its greater accuracy, precision, and its ability to map a three-dimensional (3D) bronchial map, is the critical driver of its market adoption.

The growing incidence of bronchial diseases such as lung cancer is the second-most significant driver of the electromagnetic navigation bronchoscopy market. Lung cancer is the most common form of cancer in the United States, accounting for approximately 14% of all cancer cases. Traditional, bronchoscopy fails to reach these distant lesions, which can be closer to vital organs such as the heart, resulting in greater potential for complications. Thus, the greater diagnostic yield of electromagnetic navigation bronchoscopy is driving a large market growth for the global electromagnetic navigation bronchoscopy market.

The greater accuracy and precision offered by electromagnetic navigation bronchoscopy converts into a high success rate of 69 to 80% as compared to approximately 50 to 65% for traditional bronchoscopy. The demand for minimum invasive procedures is the prime clinical driver of the market, owing to lesser hospital stay resulting from lower surgical footprint. Electromagnetic navigation bronchoscopy technology has several potential application expanses, such as placement of markers, guidance for trans-bronchial biopsy, and localization of lesions pre-surgery, which makes it a strategic market with high equity.

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Electromagnetic Navigation Bronchoscopy Market: Segmentation

To gain a bird’s eye view and a better understanding of the future market equity, the global electromagnetic navigation bronchoscopy market report is segmented based on clinical indication, loading mechanism, end user, and region.

Based on indication, the global electromagnetic navigation bronchoscopy market is divided into the following:

  • Therapeutic
    • Tumors
    • Cardiovascular
    • Infectious Diseases
    • Others
  • Diagnostic

Based on component, the global electromagnetic navigation bronchoscopy market is divided into the following:

  • Software
  • Hardware
  • Disposables
    • Working Channels
    • Guide Catheters
  • Others

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Based on end user, the global electromagnetic navigation bronchoscopy market is segmented as below:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Electromagnetic Navigation Bronchoscopy Market: Key Players

Technological advancements and market position are the most attractive strategies which can yield a premium. Players are focusing on distribution efficiency by partnering with large hospitals and payers, which can yield dividend, owing to faster adoption and lower marketing costs. Thus, captive distribution channels are playing a large part for established players. The barriers for entry are high, owing to the capital and resource intensity of the market.

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