Laryngoscopes Market Analysis and Forecast to 2031: By Product (Video Laryngoscopes, Fiber Optic Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-Use), End-User (Hospitals, Specialty Clinics, Others), and Region

Laryngoscopes Market Analysis and Forecast to 2031: By Product (Video Laryngoscopes, Fiber Optic Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-Use), End-User (Hospitals, Specialty Clinics, Others), and Region

The global Laryngoscopes Market was valued at US$ 700 million in 2021 and it is anticipated to grow up to US$ 1.44 billion by 2031, at a CAGR of 7.4% during the forecast period.

Laryngoscopes are devices used to visualize the vocal cords as well as to place the endotracheal tube into the trachea under direct vision. It is primarily used in the procedure of laryngoscopy. The process of viewing the larynx or vocal folds and the glottis is known as laryngoscopy. It aids in tracheal intubation during general anesthesia or cardiopulmonary resuscitation for laryngeal or other upper tracheobronchial tree surgical procedures. The blades used in laryngoscopes are of two types: curved macintosh blade or miller with curved tip and straight blade or Wisconsin or foregger with straight tip. They come in a variety of sizes to accommodate patients of varying ages.
Global Laryngoscopes Market Scope and Report Structure
Market Drivers and Trends
The growing prevalence of laryngeal cancer is the primary driver of the industry's growth. Infections and chronic respiratory diseases are two major factors driving laryngoscope market growth. According to the article published in January, 2020, laryngeal cancer is a type of head and neck cancer that occurs when abnormal cells form in the larynx. Larynx cancer claimed the lives of 81,806 men and 12,965 women worldwide in 2018. Furthermore, there will be 12,370 new cases and 3,750 deaths from laryngeal cancer in the upcoming years. As a result of the aforementioned factors, the rising prevalence of laryngeal cancer increased demand for laryngoscopes, contributing to market growth.

Furthermore, the industry's growth will be driven by new technological advancements in laryngoscopes. In 2019, according to the article. Manufacturers are focusing on developing advanced laryngoscopes to assist therapists in simplifying diagnostic and interventional procedures. They have allowed the industry's leaders to focus more on R&D practices and collaborations with other companies. For example, in September 2019, Olympus introduced Rhino-laryngoscopes, a new generation of video. A lighter and slimmer laryngoscope allows physicians and therapists to see more key anatomy. Thus, according to physician demand, the introduction of technologically advanced laryngoscopes is one of the major factors responsible for fierce competition among market players. These factors are expected to drive the growth of the global Laryngoscopes Market.
Market Restraints and Challenges
The lack of skilled operators and high costs are limiting the market growth. According to the 2016 guidelines of the All India Difficult Airway Association, all anesthesiologists should have access to and be trained to use a video laryngoscope. Furthermore, they conducted an electronic survey to learn about the attitudes of Indian anesthesiologists, the survey’s responses were analyzed. The response rate was 25.8% (666 out of 2580), and 280 (42%) of those polled had access to VL.

One of the primary factors limiting laryngoscope market growth is the low adoption of an aesthetic video laryngoscopes in emerging markets due to their high cost and the lack of appropriate reimbursement policies to provide coverage. As a result, the exorbitant prices of these devices, will hamper market growth. The lack of cost-effective alternative equipment for endotracheal intubations is another major impediment to the market's growth prospects. These aforementioned factors are hindering the global Laryngoscopes Market growth and further restrict the growth of the market.
Global Laryngoscopes Market Segmental Overview

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

Global Laryngoscopes Market by Product

Based on product, the market is segmented into video laryngoscopes, fiber optic laryngoscopes, and standard Laryngoscopes. The fiber optic laryngoscopes segment is expected to be the largest segment in the Laryngoscopes Market in 2021. The fiber optic laryngoscopes segment was valued at more than USD 100 million in 2021, owing to increased product availability. Endoscopic examinations are increasingly using these to visualize abnormalities, small growths, and biopsy tissue from a specific region. Furthermore, the lower cost of fiber optic laryngoscopes in comparison to video laryngoscopes makes them more affordable to the low-income population. As a result, increased product demand for low-cost laryngoscopes in such areas will boost the laryngoscopes market share in the coming years are major factors driving the segment growth.

Global Laryngoscopes Market by Usability

Based on usability, the market is bifurcated into reusable, and single-use. The single-use segment dominated the market in 2021. Increasing safety with the use of single-use laryngoscopes due to the reduced risk of cross infections among patients will influence the segment growth. Further, the cost benefit of disposable products stimulates adoption rate in resource limited regions. Moreover, intersurgical single-use laryngoscope blades are proven to be safe, light, and strong alternative to metal versions. As a result, a high success rate will benefit product sales during the analysis period.

Global Laryngoscopes Market by End-User

Based on end-user, the Laryngoscopes Market is segmented into hospitals, specialty clinics, and others. The specialty clinics segment dominated the market. Increased patient visits to specialty clinics, including ENT clinics, with focused diagnosis and treatment will help the segmental growth. Developing infrastructure in these facilities will also increase patient preference. The expansion of the network of ENT clinics in developing countries benefits product demand in the long run. Furthermore, government funding to expand the facility network across developed and developing areas will drive segment growth.
Geographical Analysis of Global Laryngoscopes Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America is dominating in the Laryngoscopes Market. The North American laryngoscopes market held approximately 36% of the market in 2021 and is expected to grow rapidly over the period due to high spending on disease diagnosis combined with disease prevalence. Furthermore, the presence of well-established business players results in a significant regional market share in the global market. As advanced video laryngoscopes become more affordable, and their use will increase. Furthermore, the rising number of new larynx and pharyngeal cancer cases will benefit the growth of the North American laryngoscopes market. Thus, the region's high disposable income, combined with disease prevalence, will drive regional industry growth in the coming years.
Major Players in the Global Laryngoscopes Market
The key players studied in the global Laryngoscopes Market are Ambu A/S (Denmark), BOMImed Inc. (Canada), Flexicare Medical Ltd. (UK), Karl Storz SE and Co. KG. (Germany), Medtronic plc (Ireland), Novamed USA Inc. (US), Penlon Ltd. (UK), Rudolf Riester GmbH (Germany), Teleflex Inc. (US), and Verathon Inc. (US) among others.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the market, because the procedures have been temporarily prohibited or postponed. Also, supply chain disruptions in several economies also hampered business growth. The market saw a drop in base point share values as a result of lockdown restrictions and distribution channel disruptions caused by the global COVID-19 pandemic. As a result of low adoption rates for elective surgical procedures, the market experienced a decline in base point share values.

Furthermore, the COVID-19 outbreak influenced the use of laryngoscopes during this time period. Healthcare professionals recommended laryngoscopy for airway management associated with COVID-19 infection. Thus, the increase in the number of cases benefited the industry players' business revenue growth. Furthermore, the researchers are conducting research to determine the effectiveness of laryngoscopes in critically ill patients. As a result, the significantly increasing COVID-19 cases around the world have influenced the demand for laryngoscopes.
Recent Developments

In July 2020, Nihon Kohden has introduced the NK AWS-S200 video laryngoscope. This product launch broadened the market's offerings and strengthened its laryngoscopes product portfolio.
In January 2020, The Vie Scope was introduced in the North American market by Adroit Surgical. This has contributed to the company's market growth.
In October 2019, Olympus Corporation introduced a new generation video rhino-laryngoscope. It is a lighter and slimmer laryngoscope with improved visibility of the parts.

Frequently Asked Questions
Q1. How big is the Laryngoscopes Market?

Ans. The global Laryngoscopes Market size was US$ 700 million in 2021 and is anticipated to reach US$ 1.44 billion in 2031, growing at a rate of 7.4% from 2022 to 2031.

Q2. What is the Laryngoscopes Market growth rate?

Ans. The growth rate of the Laryngoscopes Market is 7.4% from 2022 to 2031.

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

Ans. North America holds a major market share of the Laryngoscopes Market in 2021.

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

Ans. Based on product, the market is segmented into video laryngoscopes, fiber optic laryngoscopes, and standard Laryngoscopes. The fiber optic laryngoscopes segment is expected to be the largest segment in the Laryngoscopes Market in 2021.

Q5. Who are the key players in the Laryngoscopes Market?

Ans. The global Laryngoscopes Market report includes players such as Ambu A/S (Denmark), BOMImed Inc. (Canada), Flexicare Medical Ltd. (UK), Karl Storz SE and Co. KG. (Germany), Medtronic plc (Ireland), Novamed USA Inc. (US), Penlon Ltd. (UK), Rudolf Riester GmbH (Germany), Teleflex Inc. (US), and Verathon Inc. (US) among others.

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

Ans. The major factors driving the growth of the market are growing prevalence of laryngeal cancer and new technological advancements in laryngoscopes.

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

Ans. The key growth strategies of Laryngoscopes Market players are product launch, partnerships, and government initiatives.

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

Ans. The North America region will provide more business opportunities for the Laryngoscopes Market during the forecast period.



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