Global Laryngoscopes Market, By Type (Flexible, Rigid), Category (Indirect Laryngoscope, Direct Laryngoscope), Visualization System (Video Laryngoscopes, Standard Laryngoscopes, Fiber-optic Laryngoscopes), Accessories (Handles, Blades, Fiber Bundles, Shell and Caps, Sets and Kits, Cytology Brush, Bulbs, Battery holders, Bags, Others), Application (Diagnostic, Surgical), End User (Hospitals, Specialty Clinics, Ambulatory Centers, Surgical Centers, Others) – Industry Trends and Forecast to 2030.
Laryngoscopes Market Analysis and Size
The rising prevalence of laryngeal cancers, infections, and chronic respiratory diseases is a main factor that enhances the market's growth. Globally, the lifetime risk of developing laryngeal cancer is around 1 in 190 for men and 1 in 830 for women. Furthermore, increasing awareness of the benefits of using modern laryngoscopes over traditional laryngoscopes is contributing to market growth.
Data Bridge Market Research analyses a growth rate in the global laryngoscopes market in the forecast period 2023-2030. The expected CAGR of the global laryngoscopes market tends to be around 8.50% in the mentioned forecast period. The market was valued at USD 760 million in 2022 and would grow to USD 1459.68 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Laryngoscopes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Flexible, Rigid), Category (Indirect Laryngoscope, Direct Laryngoscope), Visualization System (Video Laryngoscopes, Standard Laryngoscopes, Fiber-optic Laryngoscopes), Accessories (Handles, Blades, Fiber Bundles, Shell and Caps, Sets and Kits, Cytology Brush, Bulbs, Battery holders, Bags, Others), Application (Diagnostic, Surgical), End User (Hospitals, Specialty Clinics, Ambulatory Centers, Surgical Centers, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Prodol Meditec S.A (Spain), Ambu A/S (Denmark), Medtronic (U.S.), KARL STORZ (Germany), Nihon Kohden Corporation (Japan), Verathon Inc. (U.S.), Salter Labs (U.S.), VDO Medical Inc. (China), AAM (U.S.), vimed-mac (China), Olympus Corporation (Japan), Prodol Meditec (Spain), Abbott (U.S.), BD (U.S.), HOYA Corporation (Japan), Stryker (U.S.), Hill-Rom Services Inc. (U.S.), SCHOTT AG (Germany)
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Market Opportunities
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Market Definition
Laryngoscopy is a type of medical device that is used in the visualization and examination of the larynx. It is also used during tracheal intubation in patients who need ventilator support and is composed of blades, a light source, and a handle. It enables high-quality endotracheal tube position placement in varied difficult airways. Therefore, it prevents complications that result from failed tube placements.
Global Laryngoscopes Market Dynamics
Drivers
- Growing Prevalence of Intensive Care
Patients suffering from chronic illnesses, infections, and heart disease often suffer from respiratory complications that need immediate treatment. Likewise, road accident victims and other injured people require immediate airway access to ensure safety. It offers effective and timely treatment for difficult airways. Thus, the growing number of severe and traumatic hospitalizations in emergency departments and intensive care units demands a higher need for laryngoscopes as it will help scan and visualize the patient's organ status. Thus, this factor boosts market growth.
- Increasing Rate of Product Launches by Market Players
There are continuous product launches by major market players that are positively affecting the market growth. For instance, OmniVision, a leading global semiconductor solutions developer, launched a new laryngoscope reference design that included a range of OmniVision products for single-use video laryngoscopes in 2022. This is expected to enhance the medical device OEMs' speed time-to-market in developing laryngoscopes. Thus, this factor increases the market growth.
Opportunities
- Increasing Adoption of Robot-Assisted Laryngoscopy
Robot-assisted laryngoscopy is one of the major trends enhancing the laryngoscope market. Increasing complications or risks related to advanced and experimental procedures lead to increased demand for this laryngoscopy. Implementing robotic systems causes faster skill development compared to manual procedures and enhances performance and safety. For instance, Johns Hopkins University developed a robotic tool to assist surgeons' access to the larynx. The experts are designing a robotic laryngoscope that can be widely used with one hand like a joystick. Thus, this factor helps in creating many opportunities for market growth.
- Growing Demand for Minimally Invasive Procedures
The awareness of minimally invasive procedures is leading to the increased importance of laryngoscopes. Among the type of laryngoscopy, direct laryngoscopy is anticipated to lead to a maximum share than indirect laryngoscopy during the forecast period. Patients prefer more of this type of laryngoscopy as it has minimal complications. Thus, this factor leads to market growth.
Restraints/Challenges
- Lack of Skilled Professionals
The lack of qualified healthcare professionals or technicians who cannot use these devices could impede the market's growth over 2023-2030. In emergency situations, improper diagnosis and treatment of severe injuries can cause deformities and dysfunction of the injured area or may be patient death. Thus, this factor impedes market growth.
This global laryngoscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global laryngoscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laryngoscopes Market Scope
The global laryngoscopes market is segmented on the basis of type, category, visualization system, accessories, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Rigid
- Flexible
Category
- Indirect Laryngoscope
- Direct Laryngoscope
Visualization System
- Video Laryngoscopes
- Standard Laryngoscopes
- Fiber-optic Laryngoscopes
Accessories
- Handles
- Blades
- Fiber Bundles
- Shell and Caps
- Sets and Kits
- Cytology Brush
- Bulbs, Battery holders
- Bags
- Others
Application
- Diagnostic
- Surgical
End-User
- Hospitals
- Specialty Clinics
- Ambulatory Centers
- Surgical Centers
- Others
Laryngoscopes Market Regional Analysis/Insights
The global laryngoscopes market is analysed and market size insights and trends are provided by type, category, visualization system, accessories, application, and end user as referenced above.
The major countries covered in the laryngoscopes market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates much of the global laryngoscopes market due to the increasing elderly population with ENT disorders and the wide presence of well-established healthcare organizations. Also, increasing government initiatives for using laryngoscopes in surgeries leads to market growth.
Meanwhile, the Asia-Pacific region has shown significant growth in the laryngoscope market due to increasing demand for minimally invasive surgeries and healthcare awareness about the equipment. Also, the growing healthcare expenditure within these regions enhances market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Laryngoscopes Market Share Analysis
The global laryngoscope market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global laryngoscope market.
Key players operating in the global laryngoscopes market include:
- Prodol Meditec S.A (Spain)
- Ambu A/S (Denmark)
- Medtronic (U.S.)
- KARL STORZ (Germany)
- Nihon Kohden Corporation (Japan)
- Verathon Inc. (U.S.)
- Salter Labs (U.S.)
- VDO Medical Inc. (China)
- AAM (U.S.)
- vimed-mac (China)
- Olympus Corporation (Japan)
- Prodol Meditec (Spain)
- Abbott (U.S.)
- BD (U.S.)
- HOYA Corporation (Japan)
- Stryker (U.S.)
- Hill-Rom Services Inc. (U.S.)
- SCHOTT AG (Germany)
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