Laryngoscopes Market Size, Share and Industry Analysis Report by Product (Fiber Optic Laryngoscopes, Video Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-use) and End-use (Hospitals, Specialty Clinics), Growth Potential,

Laryngoscopes Market Size, Share and Industry Analysis Report by Product (Fiber Optic Laryngoscopes, Video Laryngoscopes, Standard/Conventional Laryngoscopes), Usability (Reusable, Single-use) and End-use (Hospitals, Specialty Clinics), Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The laryngoscopes market is slated to grow significantly by 2030 on account of the increasing occurrence of larynx or pharyngeal cancer cases across the globe. In addition, rising number of research and development activities in the field would also boost the market outlook in forthcoming years.

The laryngoscopes market witnessed a positive uptick during the Covid-19 outbreak as many healthcare professionals encouraged the use of laryngoscopy for better analysis for airway management. This became a leading factor fostering the industry expansion, with product adoption rates being directly connected to the surge of coronavirus waves.

Many market players readily capitalized on the opportunity, with collaborations and product launches driving revenues. In July 2020, for instance, Nihon Kohden, a leading manufacturer of medical equipment, launched its NK AWS-S200 video laryngoscope in the US, under Pentax, a marketing partner based outside the US. The release aimed to benefit the clinicians to intubate the patients as well as have a prominent distance to reduce any contract with the potential air-borne viruses.

In April 2022, Omnivision, a leading developer of semiconductors solutions, launched its new laryngoscope designs, which consist of products that provide clear and crisp insight images through single-use video laryngoscopes.

The laryngoscopes market has been bifurcated in terms of usability, product, end-use, and region.

Based on product, the laryngoscopes market has been segregated into standard/conventional laryngoscopes, video laryngoscopes, and fiber optic laryngoscopes.

The video laryngoscopes market accounted for over 59% of the market share in 2021. Continuous technological advancements in the field of video laryngoscopes, which offer several benefits such as multifunctionality, durability, and enhanced success rate are likely to drive the segmental growth through the review period.

With regards to usability, the laryngoscopes market has been categorized into reusable and single use. The reusable laryngoscopes market is slated to grow at a CAGR of over 7.6% through the review period on account of consistently growing research and development activities in the field of laryngoscopes, enhanced affordability, and a wide range of product availability in the market.

The laryngoscopes market in terms of end-use has been divided into specialty centers, hospitals, and others. The hospitals sector held over $350 million in market revenue in 2021 and is further projected to nurture as a result of the growing penetration of hospital settings among developing countries. In addition, strong presence of skilled professionals, increased patient visits for better and effective diagnostics as well as treatments in the segment shall boost revenue growth.

From a regional point of view, the laryngoscopes market size in Latin America was valued at around $40 million in 2021. A rapid increase in awareness about air-borne diseases & related therapy, evolving healthcare infrastructure among emerging economies, and high incidence rate would drive the regional market growth in forthcoming years.