Global Laryngoscopes Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

DRIVERS:

RISING ACCEPTANCE OF MINIMALLY INVASIVE AND NON-INVASIVE SURGERIES:

Minimally invasive surgeries refer to the procedures that utilises an endoscope to reach internal organs through very small incisions. Minimally invasive laryngoscopy is done by inserting a thin, flexible tube with a video camera through small incision or natural cavity. The tube has a channel to use instruments, which the specialist utilizes while seeing the organs on a screen. Surgeon is able to see inside the patients’ body without even doing the open surgery.

The future for interventional therapists continues to evolve. Doctors are continuously improving upon minimally invasive procedures to treat common medical conditions. Minimally or non-invasive surgeries are growing at a faster rate as it causes less pain during the treatment. These non-invasive procedures act as one of the main drivers for the growth of market.

  • According to a report published by Science Daily (2015) it was indicated that thousands of post-surgical complications can be prevented by American hospitals resulting in saving of USD 280 million and USD 340 million annually by the usage of minimally invasive procedures in comparison to open surgery.

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TECHNOLOGICAL INNOVATIONS AND ENHANCED RESOLUTION TO ANALYZE, DIAGNOSE AND TREAT THE DISORDER:

Laryngoscopes are utilized basically for intubation to keep up an open airway and help breathing, so the principle zones of research incorporate the structure, handle, and edges of the instruments. There are some advantages and disadvantages of rigid laryngoscopy over other laryngoscopy which includes faster intubation time, oesophageal intubation and cervical spine movement.

Some of the technologically advanced laryngoscopes manufacturing companies are:

  • Smiths Medical
  • SURTEX INSTRUMENTS LTD
  • Macintosh, Haymed
  • Oscar Boscarol
  • Penlon
  • ROYAX

Advancements in the technology of manufacturing laryngoscopes offers greater accuracy to healthcare professionals, which is stimulating the growth of the market as the demand for products increases with the increase in product advancement.

RESTRAINTS:

SIDE EFFECTS OF THE PROCEDURE:

Laryngoscopy is a strategy that gives the specialist a chance to take a view of the back of the throat, larynx and the vocal strings. This methodology is done if the individual experiences any of the accompanying conditions, for example: a stubborn pain in throat or ear that is not going away

  • Breathing problems
  • Cough that has become permanent

On the other hand, laryngoscopy can also be performed to check the throat in case of swelling, to remove something stuck in the throat and for biopsy purposes while taking tissue samples from the throat so as to look it under a microscope for the detection of any severe disease.

  • According to BUPA, U.K., there are chances of voice change, lumps in neck, ear ache after the person is done with the laryngoscopy process. Usually, laryngoscopy has minor side effects which may or may not happen with everyone. But, the most common side effects includes:
  • A sore throat
  • Difficulty in swallowing
  • A stiff neck
  • Nosebleed
  • Vocal cord spasm
  • Mouth or throat ulcers
  • Swelling or blockage of the airway
  • Injury to tongue, lips or teeth
  • Large amounts of bleeding for 24 hours
  • Fever higher than 101˚ f
  • Severe nausea or vomiting
  • Rashes

HIGH COST OF VIDEO LARYNGOSCOPES:

Tracheal intubation by video laryngoscope is the most imaginative progression and a totally unique experience as contrasted with traditional Macintosh laryngoscope, and aptitudes required for the previous strategy for indirect laryngoscopy are altogether different from those required for direct laryngoscopy. There are a few potential focal points of a video picture as compared to direct laryngoscopy. The system gives top notch video pictures that are developed on the video screen for easier visualization.

  • According to NCBI (2010) the market in the UK has only six video laryngoscopes, but now few more are in the way to be manufactured and produced. They are GlideScope (Standard and Ranger with different sized blades), McGrath laryngoscope, AirTraq optical laryngoscope, Daiken Medical Coopdech C-Scope VLP-100, the Storz C-Mac, Pentax AWS (airway scope), AP Advance VL, SensaScope and the Berci DCI laryngoscopes, and Co-pilot VL and King Vision video laryngoscopes.

OPPORTUNITY:

GROWING POPULARITY OF VIDEO LARYNGOSCOPY:

Tracheal intubation is one of the life-saving procedures which helps in treating the problems associated with respiratory track or basically in airway management. Traditional direct laryngoscopy has less speed, and safety in performing the procedures. To overcome such problems, new products has been introduced with advancement and they are surface anaesthesia devices, endoscopic systems, attractive devices, high-frequency jet ventilation devices and video systems and many others.

Video laryngoscopy is found to be the most effective technology used for the management of   difficult airway management. The device has enhanced the rate of success in the very first attempt in the operating rooms among different patients. Due to its ease of operation the devices is more popular and is used almost in intensive care unit (ICU), pre-hospital and emergency department.

Video laryngoscopy takes less time and has high speed in maintaining respiratory airway management. Video laryngoscopy is one of the new technology developed in recent time providing higher success rate of tracheal intubation.

  • In August 2017, according to the paper published in National Center for Biotechnology Information (NCBI), it has been found that the video laryngoscope provides 50.0% faster treatment in comparison to standard laryngoscope

CHALLENGE:

LACK OF SKILLED PROFESSIOALS:

Intubation requires in performing laryngoscope processes in the prehospital setting and emergency departments. At such places the patient requires endotracheal intubations which are associated with hemodynamic compromise. In such situations the patient meets ASA III or IV classification (American Society of Anesthesiologists Classification III or IV classification) where the major difficulty comes and they are related to laryngoscopy and intubation due to unavailability of skilled people.

There are difficulties during the intubation in intensive care unit as the intubations are high-risk events in securing the airway. The risks associated with the laryngoscope which may cause severe life-threatening complications. This may also lead to incidence of severe hypoxemia, cardiovascular collapse or airway injuries if it is not operated under skilled professional and patient may suffer from severe problems.

  • It has been found that more chances of complications arises from the people getting operated outside the operation room and may provide the risk of life threatening complications such as hypoxia (7x), severe hypoxia (14x), regurgitation (7x) and others. Until now, there have been no studies found for learning curve or rate of enhancement of operator skill with these advanced devices.

Market Trends:

Global laryngoscopes market is segmented into five notable segments which are based on the type, visualization system, application, accessories and end user.

On the basis of type, the market is segmented into rigid and flexible. In 2019, flexible segment is projected to lead with the shares and growing with the highest CAGR in the forecast period of 2019 to 2026.

On the basis of visualization system, the market is segmented into video laryngoscopes and fiber laryngoscopes. Video laryngoscopes is further segmented into channeled video laryngoscopes and un-channeled video laryngoscopes based on the types.  In 2019, video laryngoscopes segment is projected to lead with the shares. However, fiber laryngoscopes segment is growing with the highest CAGR in the forecast period of 2019 to 2026.

On the basis of application, the market is segmented into diagnostic and surgical. In 2019, diagnostic segment is projected to lead with the shares and will attain the highest CAGR in the forecast period of 2019 to 2026.

On the basis of accessories, the market is segmented into handles, blades, fibre bundles, shell and caps, sets & kits, cytology brush, bulbs, battery holders, bags and others. Handles are further segmented into conventional handles, fiber optic handles, LED handles. Based on types, blades are further divided into reusable blades and disposable blades. In 2019, handles segment is projected to lead with the shares. However, blades segment is growing with the highest CAGR in the forecast period of 2019 to 2026.

On the basis of end user, the market is segmented into hospitals, specialty clinics, ambulatory centers, surgical centers and others. In 2019, hospitals segment is projected to lead with the shares and will attain the highest CAGR in the forecast period of 2019 to 2026.

Major Players: Global Laryngoscopes Market

Some of the major players operating in the market are Teleflex Incorporated, Olympus Corporation, Welch Allyn, Ambu A/S. and others.