Laryngoscopes Market Analysis And Forecast To 2032: By Product (Fiber Optic Laryngoscopes, Video Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-use) and End-use (Hospitals, Specialty Clinics), And Region

Laryngoscopes Market Analysis And Forecast To 2032: By Product (Fiber Optic Laryngoscopes, Video Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-use) and End-use (Hospitals, Specialty Clinics), And Region

The global Laryngoscopes Market was valued at USD 1.1 Billion in 2022 and it is anticipated to grow up to USD 1.5 Billion by 2032, at a CAGR of 3.1% during the forecast period.

Laryngoscopy is a medical device used in the visualization and examination of larynx. It is also used during tracheal intubation in patients requiring ventilator support and compose of blades, light source and handle. The two forms of laryngoscopy procedure are direct laryngoscopy and indirect laryngoscopy.

Global Laryngoscopes Market Scope and Report Structure

Market Trends and Drivers

Increasing disease burden of laryngeal diseases as well as infectious and chronic respiratory diseases in developing countries is a major factor contributing to the laryngoscopes market share. Laryngeal cancer is second most common respiratory cancer, and incidence rate of laryngeal cancer is rising majorly due to adoption of unhealthy lifestyle and increased consumption of alcohol and tobacco. According to the Centers for Disease Control and Prevention, in U.S. about 40 million adults smoke cigarettes, and around 4.7 million middle and high school students consume at least one tobacco product. Thus, increasing adult smoking rates and tobacco consumption has led to several laryngeal diseases. Additionally, according to the American Society of Clinical Oncology (ASCO), approximately 184,615 individuals were diagnosed with laryngeal cancer globally. Hence, increasing demand for laryngoscopes to treat such diseases will accelerate the industry growth in forecast period.

Market Restraints and Challenges

The market growth is limited by the strict regulations imposed on these devices. Additionally, high cost of these devices is another aspect that is expected to limit the industry growth. Furthermore, miniaturization of newly developed fiber optic laryngoscope could generate numerous growth opportunities for the market in the coming years.

Global Laryngoscopes Market Segmental Overview

The report analyses the global Laryngoscopes Market based on product, usability, end-use, and region.

Global Laryngoscopes Market by Product

Based on product, the market is bifurcated into Fiber Optic Laryngoscopes, Video Laryngoscopes, and Standard/Conventional Laryngoscopes. Video laryngoscopes segment is estimated to grow at xx% CAGR over the anticipated time period. Growing awareness about advantages associated with use of video laryngoscopes over conventional laryngoscopes will foster the market demand. The advantages include enhanced laryngeal view, reduction in applied force, and higher rates of successful rescue after the failure of direct laryngoscopy. Additionally, video laryngoscopes reduce errors during intubation and improves learning, feedback for a patient being put on ventilator.

Global Laryngoscopes Market by Usability

Based on the usability, the market is bifurcated into Reusable, and Single-use. Laryngoscopes market from reusable segment was accounted for more than USD xx million in 2022. Reusability of devices is an important factor influencing medical professionals' and hospitals' purchasing decisions. These devices are highly preferred due to more functionality than traditional laryngoscopes and ease of use. On the other hand, reusable laryngoscopes, are more expensive up front but do not need to be replaced as frequently.

Global Laryngoscopes Market by End-use

Based on the end-use, the market is bifurcated into specialty clinics, hospitals, and others. The hospital segment held over xx% revenue share in 2022, owing to expanding number of hospitals among developing and developed countries. Additionally, availability of advanced video laryngoscopes and enhanced visualization is likely to contribute to the segment demand. With high penetration of hospitals and presence of healthcare professionals will bolster the laryngoscopes market progression.

Geographical Analysis of Global Laryngoscopes Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe laryngoscopes market exceeded USD xx million in 2022 and is predicted to witness enormous growth during analysis timeframe due to rising prevalence of respiratory diseases among geriatric population as well as in adults. Increasing consumption of tobacco, smoking and rising air pollution are some factors that trigger respiratory diseases. Moreover, increasing number of healthcare initiatives by several government and non-government organization in the region will accelerate the regional market growth.

Major Players in the Global Laryngoscopes Market

The key players in the Laryngoscopes Market are KARL STORZ GmbH & Co, Ambu A/S, Medtronic plc, Flexicare Medical, Penlon Limited, Rudolf Riester GmbH, Propper Manufacturing Co. Inc., Teleflex Incorporated, Verathon Inc, Venner Medical, Olympus Corporation, among others.

COVID-19 Impact:

The COVID-19 outbreak has positively impacted the sales of laryngoscopes. Surge in the number of COVID-19 patients and increased focus of healthcare services on the treatment of COVID-19 has augmented the market revenue. The increase in product demand is majorly due to the considerable patient base suffering from respiratory syndrome. Video laryngoscopes were widely used in severely ill COVID-19 patients for airway management.

Recent Developments:

In November 2022, PROACT Medical launched an innovative new range of gas sampling lines along with their new line of single-use laryngoscopes in the European market.

In July 2022, Zsquare, a leading developer of high-performance, single-use endoscopes, announced that it received FDA clearance to market its first product, the Zsquare ENT-Flex Rhinolaryngoscope.

Frequently Asked Questions

Q1. How big is the Laryngoscopes Market?

Ans. The global Laryngoscopes Market was valued at USD 1.1 Billion in 2022 and it is anticipated to grow up to USD 1.5 Billion by 2032, at a CAGR of 3.1% during the forecast period.

Q2. What is the Laryngoscopes Market growth rate?

Ans. The growth rate of the Laryngoscopes market is 3.1%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Laryngoscopes Market in 2022.

Q4. Which segment accounted for the largest Laryngoscopes Market share?

Ans. By end-use, the hospital segment accounted for the largest Laryngoscopes Market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global Laryngoscopes Market report includes players are KARL STORZ GmbH & Co, Ambu A/S, Medtronic plc, Flexicare Medical, Penlon Limited, Rudolf Riester GmbH, Propper Manufacturing Co. Inc., Teleflex Incorporated, Verathon Inc, Venner Medical, Olympus Corporation, among others.

Q6. What are the factors driving the Laryngoscopes Market growth?

Ans. Growing technological advancements along with rising prevalence rate of several throat disorders will augment the business growth.

Q7. What are the key growth strategies of Laryngoscopes Market players?

Ans. The key growth strategies of Laryngoscopes Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Laryngoscopes Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Laryngoscopes Market during the forecast period.

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