Laryngoscope - Market Insights, Competitive Landscape, and Market Forecast - 2030

Laryngoscope - Market Insights, Competitive Landscape, and Market Forecast - 2030

Laryngoscopes Market By Type (Flexible Laryngoscopes And Rigid Laryngoscopes), Usability (Disposable And Re-Usable), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to the growing prevalence of laryngeal disease, throat disorders, nose disorders, and increasing number of product launches across the globe.

The global laryngoscope market is estimated to grow at a CAGR of 5.13% during the forecast period from 2024 to 2030. The demand for laryngoscopes is primarily driven by the increasing prevalence of laryngeal diseases, such as laryngeal cancer. Additionally, the market is experiencing growth due to the rising incidence of throat and nasal disorders, including sinusitis, allergic rhinitis, tonsillitis, and pharyngeal diseases. The market is further bolstered by a significant number of new product launches and regulatory approvals worldwide. These key factors are expected to contribute to the positive growth of the laryngoscope market from 2024 to 2030.

Laryngoscope Market Dynamics

According to the latest data provided by GLOBOCAN (2024), in 2022 globally the new cases of larynx cancer was 189,000 and is estimated to rise to 228,000 by 2030. As per the same source in 2022 there were approximately 40,000 new cases of larynx cancer in Europe.

Furthermore, as per the data provided by GLOBOCAN (2024), in 2022 globally the new cases of oropharynx and nasopharynx cancer was 22,700 and is expected to rise to 265,000. Thus, the increasing prevalence of larynx diseases and pharynx disease underscores the necessity for laryngoscopes adoption. These devices are essential for airway management and intubation in patients with larynx and pharynx conditions, thereby escalating the demand of laryngoscopes during the forecast period.

Additionally, the new product launches in the laryngoscope market can significantly boost the overall market by improving patient outcomes, meeting diverse needs, and enhancing clinical outcomes. For instance, in September 2023, Penlon, a global producer of medical devices in UK launched new Diamond Video Laryngoscopes, a portable device which gives increased field of view as compared to other direct rigid laryngoscopes. Thus, the introduction of new launch of laryngoscopes attracts interest from healthcare providers seeking to upgrade their equipment and improve procedural efficiency, thereby driving market growth.

The rising number of surgical procedures requiring airway management, such as intubation, tracheostomy, and laryngeal surgeries, are on the rise globally, contributing to the demand for laryngoscopes. Therefore, owing to the above mentioned factors, it is anticipated that the demand for laryngoscope is expected to boost during the forecast period from 2024 to 2030.

However, the risk of injury, discomfort, infection, and limited visualization through laryngoscope may result in slight obstacle to the growth of laryngoscope market.

Laryngoscope Market Segment Analysis:

Laryngoscopes Market by Type (Flexible Laryngoscopes and Rigid Laryngoscopes), Usability (Disposable and Re-Usable), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product segment of the laryngoscope market, the flexible laryngoscopes category is estimated to a mass a significant revenue share in the laryngoscope market in 2023. Flexible laryngoscopes are less invasive and more comfortable for patients during procedures such as intubation or endoscopic examinations of the throat. The flexible design allows for better navigation through the upper airway, making it easier to reach and visualize the vocal cords and surrounding structures, especially in patients with difficult anatomy. The flexible shaft in flexible laryngoscopes is less likely to cause trauma to the soft tissues of the throat, reducing the risk of injury and postoperative complications. Many flexible laryngoscopes incorporate fiber optic technology and high-definition video capabilities, providing superior illumination and real-time visualization than any other laryngoscopes. Availability in both reusable and disposable models provides flexibility in terms of management and infection control.

Additionally, the market is expected to see a boost from the availability of newly developed flexible video laryngoscopes across the globe. For instance, in September 2023 Olympus Corporation launched Vathin E-SteriScope single-use flexible video rhinolaryngoscope for use in diagnostic and therapeutic otorhinolaryngological procedures. Thus, the launch of new flexible video laryngoscope models expands the product offerings available to healthcare providers, offering a broader range of options to meet diverse clinical needs and preferences. Thus, the availability of multiple product options encourages healthcare facilities to invest in new laryngoscopes, stimulating overall market growth.

North America Is Expected To Dominate The Overall Laryngoscope Market:

North America is expected to account for the highest proportion of the laryngoscope market in 2023, out of all regions. This is due to the presence of a large patient pool suffering from larynx disease such as larynx cancers, throat and nose disorders such as sinusitis, allergic rhinitis, tonsillitis, pharyngeal disease, and others in the North America region. Additionally, the laryngoscope market is anticipated to grow on account of a large number of product launch and approvals across the region.

According to the most recent estimates provided by the American Cancer Society, in 2024 there were approximately 12,650 new cases of laryngeal cancer in which 10,030 were men and 2,620 were women in the United States.

Additionally, as per the data provided by the GLOBOCAN (2024) in 2022 there were approximately 13,000 new cases of laryngeal cancer and about 18,000 new cases of oropharynx and nasopharynx cancer in North America. This notable prevalence underscores the significance of laryngoscope, as it assists healthcare providers in making informed treatment decisions for respiratory and larynx disease patients. Consequently, the market is influenced by the rising number of respiratory and larynx disease cases in the region.

The recent launches in laryngoscopes are also playing a major role in driving the overall market of laryngoscopes in North America. For instance, in April 2022 OMNIVISION, a global developer of advanced digital imagining technology launched “ready-to-go” a reference design that gives clear images for single-use video laryngoscopes.

Also, in March 2022, Mercury Medical, the exclusive North American distributor of the Airtraq video laryngoscope and camera system, had chosen Andau Medical as its exclusive distribution partner for Canada. Through signing the Exclusive Agreement, Andau Medical served as the sole distributor of the state-of-the-art Airtraq video laryngoscope product line in the Canadian market. Overall, the agreements and new launches serves to boost the market for laryngoscopes by expanding market reach, enhancing product availability, streamlining distribution processes, providing focused sales and support, and creating market differentiation and competitive advantage.

As a result, the above mentioned factors contributes to increased market growth of laryngoscopes in the region.

Laryngoscope Market Key Players:

Some of the key market players operating in the Laryngoscope market include Medtronic plc, Penlon, Verathon Inc., OMNIVISION, Mercury Medical, Zsquare, PROACT Medical Ltd., PRODOL MEDITEC, Olympus Corporation, NIHON KOHDEN CORPORATION, Teleflex Incorporated, Ambu A/S, Clarus Medical LLC., KARL STORZ SE & Co. KG, Flexicare Medical Ltd., AAM, VDO Medical Inc., Hebei Vimed Medical Device, XION, Rudolf Riester GmbH, and others.

Recent Developmental Activities In The Laryngoscope Market:

In April 2023, Verathon, a global leader in airway management solutions, has unveiled the GlideScope® Spectrum™ QC featuring QuickConnect™ technology. This extensive lineup of single-use video laryngoscopes showcases a magnetic connector coupled with improvements in image quality, designed to support rapid and effective airway management.

In November 2022, PROACT Medical launched new range of gas sampling line along with their new line of single use laryngoscope to improve patient care in European market.

In July 2022, Zsquare a leading developer of endoscopes received FDA 501k clearance to market its first product Zsquare ENT-Flex™ Rhinolaryngoscope.

Key Takeaways From The Laryngoscope Market Report Study

Market size analysis for current laryngoscope size (2023), and market forecast for 6 years (2024 to 2030)

Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the laryngoscope market.

Various opportunities available for the other competitors in the laryngoscope market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current laryngoscope market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for laryngoscope market growth in the coming future?

Target Audience Who Can Be Benefited From This Laryngoscope Market Report Study

Laryngoscope product providers

Research organizations and consulting companies

Laryngoscopes related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing in laryngoscopes

Various end-users who want to know more about the laryngoscope market and the latest technological developments in the laryngoscope market.

Frequently Asked Questions For The Laryngoscope Market:

1. What are Laryngoscope?

Laryngoscopes are medical devices used by healthcare professionals to visualize and access the larynx (voice box) and the vocal cords. They consist of a handle with a light source and a blade or speculum attached to it. The blade is inserted into the patient's mouth to lift the tongue and epiglottis, allowing the healthcare provider to see the larynx and vocal cords.

2. What is the market for Laryngoscope?

The global laryngoscope market is estimated to grow at a CAGR of 5.13% during the forecast period from 2024 to 2030.

3. What are the drivers for the global Laryngoscope market?

The demand for laryngoscopes is primarily being boosted by the growing prevalence of laryngeal disease such as laryngeal cancer. Furthermore, the market is boosted to grow on the account of rising prevalence of throat and nose disorders such as sinusitis, allergic rhinitis, tonsillitis, pharyngeal disease, and others. Additionally, the laryngoscope market is anticipated to grow on account of a large number of product launch and approvals across the globe. These are the major drivers that are responsible for contributing to the positive growth of the laryngoscope market during the forecast period from 2024 to 2030.

4. Who are the key players operating in the global Laryngoscope market?

Some of the key market players operating in the Laryngoscope are Medtronic plc, Penlon, Verathon Inc., OMNIVISION, Mercury Medical, Zsquare, PROACT Medical Ltd., PRODOL MEDITEC, Olympus Corporation, NIHON KOHDEN CORPORATION, Teleflex Incorporated, Ambu A/S, Clarus Medical LLC., KARL STORZ SE & Co. KG, Flexicare Medical Ltd., AAM, VDO Medical Inc., Hebei Vimed Medical Device, XION, Rudolf Riester GmbH, and others.

5. Which region has the highest share in the global Laryngoscope market?

North America is expected to account for the highest proportion of the laryngoscope market in 2023, out of all regions. This is due to the presence of a large patient pool suffering from larynx diseases such as larynx cancers, throat and nose disorders such as sinusitis, allergic rhinitis, tonsillitis, pharyngeal disease, and others in the North America region. Additionally, the laryngoscope market is anticipated to grow on account of a large number of product launches and approvals across the region.