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 market 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 analyzes that the global laryngoscopes market, which was USD 760.32 million in 2022, would rocket up to USD 1459.68 million by 2030, and is expected to undergo a CAGR of 8.50% during the forecast period. “Flexible” dominates the type segment of the market owing to the high demand for this type.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include 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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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)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest 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.), and SCHOTT AG (Germany) among others
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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 they will help scan and visualize the patient's organ status. This is expected to drive market growth.
- Rising expenditure for R&D proficiencies
Rising expenditure for R&D proficiencies, especially in the developed and developing economies pertaining to medical drugs and devices, will further create lucrative market growth opportunities. R&D proficiencies being conducted to develop medical drugs are also bolstering the market growth rate.
- Growing investment in healthcare facilities
Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering the market growth. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
- 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 than 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 such as a joystick. Thus, this factor helps in creating many opportunities for market growth. In addition, the rise in worldwide healthcare expenses is further expected to provide potential opportunities for market growth.
Restraint/Challenge
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Lack of qualified healthcare professionals or technicians
The lack of qualified healthcare professionals or technicians who cannot use these devices, the high cost associated with the R&D proficiencies, and limited infrastructural facilities are expected to restrain market growth. In addition, the dearth of awareness in the backward economies, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, and the lack of suitable infrastructure in low and middle-income countries are projected to challenge the market growth in the forecast period of 2023-2030.
The global laryngoscopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In 2020, Ambu launched its new King Vision video laryngoscope with an integrated suction channel
- In 2020, Olympus launched its new EVIS X1 bronchoscopy system with advanced imaging technology
- In 2019, Medtronic launched its new McGRATH MAC 2 blade with enhanced video laryngoscopy technology
Global Laryngoscopes Market Scope
The global laryngoscopes market is segmented into six notable segments based on type, category, visualization system, accessories, application, and end user. The growth amongst these segments will help you analyze meager 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
Global Laryngoscopes Market Regional Analysis/Insights
The global laryngoscopes market is analyzed and market size insights and trends are provided by country, type, category, visualization system, accessories, application, and end user as referenced above.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
North America dominates the global laryngoscopes market due to the strong base of healthcare facilities, the strong presence of major players in the market, and the rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in healthcare facilities, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
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. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. 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.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global laryngoscopes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for the market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Laryngoscopes Market Share Analysis
The global laryngoscopes 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, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global laryngoscopes market are:
- 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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