The laryngoscope market is set to thrive at a steady CAGR of 5.4% during the forecast period. The market holds a share of USD 355.1 million in 2023 while it is anticipated to cross a value of USD 601.6 million by 2033.
The research report on the laryngoscope market explains that the increase in respiratory and throat-related diseases is garnering market growth, Furthermore, different types of laryngoscopies such as pediatric laryngoscopy, rigid laryngoscopy with its specific applications are gaining traction. New trends explain that the diagnostic flexible laryngoscopy is being highly consumed in the United States as people are being diagnosed with throat-related studies. Laryngoscopes are instruments that are used to visualize the vocal cords as well as to introduce an endotracheal tube (ETT) into the trachea under direct vision. It is mostly utilized in the laryngoscopy procedure. The larynx, or vocal folds, and the glottis are viewed with laryngoscopy.
The expansion of ENT clinics and cancer-based hospitals is also contributing to the market growth. The key developments in the market include the incorporation of digital imaging systems for navigational applications during laryngoscopy procedures. This further provides accurate diagnosis and image data through a disposable laryngoscope. Following the industry and macroeconomic dynamics, the market is subject to changes as per the medical device regulatory guidelines.
The laryngoscope market outlook states that the growth of the laryngoscopes market is set to be propelled by the increasing adoption of handheld modalities of laryngoscopes. This is a portable solution for facilities with poor outreach and accessibility of medical resources. Governments are installing laryngoscope instruments in remote areas to provide better healthcare support. Advanced video laryngoscope is also trending as it delivers lower rates of oesophageal intubation, enables better team performance, and enhances the overall critical care setting.
| Attributes | Details |
|---|---|
| Laryngoscope Market CAGR (2023 to 2033) | 5.4% |
| Laryngoscope Market Size (2023) | USD 355.1 million |
| Laryngoscope Market Size (2033) | USD 601.6 million |
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Short-term Growth (2023 to 2026): This period is expected to witness an improved growth rate as research facilities are back on track post-pandemic. Government efforts, new technology, and the advent of artificial intelligence and machine learning drive the market. Though, covid-19 has disturbed the research facilities to develop advanced diagnostic devices.
Mid-term Growth (2026 to 2029): This period is anticipated to hold steady growth due to the advent of new laryngoscopes. GlideScope video laryngoscopes, McGrath flexible video laryngoscopes, airtraq laryngoscopes, pentax airway scopes, and truview video laryngoscopes are some newer laryngoscopes that offer benefits such as less difficult or failed intubations and fewer cases of tooth injury. For optimal outcomes with minimal consequences, these tools require improved awareness of potential issues, additional training, and supervision for the selected patient.
Long-term Growth (2029 to 2033): The global laryngoscopes market is experiencing substantial growth, owing to rising demand for minimally-invasive devices for laryngeal disorders such as vocal cords or throat tumor therapy. Thus, the laryngoscope market is anticipated to thrive at a CAGR of 5.4% between 2023 and 2033.
What Opportunities Await Laryngoscope Producers to Increase Revenue Growth?
Growing Popularity of Video Laryngoscopes Due to Their Effective Results Open Up High-income Chances for Laryngoscope Providers
Because of the constant developments and greater services provided by players, video laryngoscopy is gaining a lot of traction. Video laryngoscopes are widely used in intensive care units (ICUs), pre-hospital settings, and emergency departments due to their ease of use.
These laryngoscopy devices provide speedier therapy for respiratory airway management than traditional laryngoscopes, which is driving up demand. The market is also benefiting from the greater success rate of video laryngoscopy for tracheal intubation.
High Demand from End Users for Advanced Laryngoscopes
One of the primary elements driving fierce rivalry among market competitors is the introduction of technologically enhanced laryngoscopes in response to physician demand.
Manufacturers are focusing their efforts on introducing improved laryngoscopes to help therapists ease diagnostic and interventional treatments. Leading players have been also paying greater attention to research and development activities and cooperation with other businesses because of this. Some of these advanced laryngoscopes include disposable laryngoscopes, rigid laryngoscopes, flexible video laryngoscopes, and pediatric laryngoscopes.
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What Challenges are Present to Decrease Sales Growth of Laryngoscope Units?
High Cost & Availability of Alternative Equipment Hamper Sales Growth of Laryngoscopes Market
Lower adoption of anesthetic video laryngoscopes in emerging nations due to their expensive cost and absence of suitable reimbursement policies to provide coverage is one of the primary factors limiting laryngoscopes market growth.
As a result, the exorbitant prices of these gadgets, as well as their maintenance, may stifle market expansion. The availability of cost-effective alternate equipment for endotracheal intubations is also a key restraint on this market's growth prospects.
The most appealing region in the laryngoscope market is North America. Increased instances of ENT problems among the older population, the existence of well-established healthcare organizations, and government measures encouraging the use of video laryngoscopes in surgeries are all contributing to the region’s market growth.
For laryngoscope manufacturers, Europe is also a lucrative market. The rise in government-led healthcare projects is primarily responsible for the market's growth.
Such actions may have a positive influence on the Europe laryngoscopes market.
During the projection period, the East Asia laryngoscopes market is expected to expand substantially. Increase in demand is attributed to rising interest from emerging economies as a result of increased public funding in East Asia for the marketing of minimally-invasive technologies.
Furthermore, the market is being propelled by the expansion of current hospitals in terms of facilities and dimensions, as well as the quick development of new hospitals.
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| Country | Absolute Market Growth |
|---|---|
| United States | USD 7 million |
| United Kingdom | USD 0.9 million |
| China | USD 2 million |
| Germany | USD 1.3 million |
| Canada | USD 0.40 million |
Rising Prevalence & Burden of COPD Aiding Laryngoscopes Market Sales Growth
| China Market CAGR (2023 to 2033) | 8.2% |
|---|---|
| China Absolute Doller Growth (USD million/billion) | USD 2 million |
Chinese laryngoscopy market thrives at the leading CAGR o 8.2% between 2023 and 2033. The market is anticipated to reach a value of USD 58.5 million by 2033.
Over the projected period, the laryngoscope market in China is expected to lead. The high illness burden, huge unmet patient requirements, regular infrastructure and technological up-gradation in the medical device industry, and an increase in healthcare spending in the country are all factors contributing to the market growth.
Chronic cough is common in China and is linked to a worsening health condition, particularly in people over the age of 50 and those who have COPD or SAD. The market for flexible video laryngoscopes is quickly expanding in China, owing to the high smoking prevalence and widespread worries about air pollution and smog.
Rising Cases of Respiratory Disorders Driving Sales of Laryngoscopes
| United States Market CAGR (2023 to 2033) | 5.6% |
|---|---|
| United States Absolute Doller Growth (USD million/billion) | USD 7 million |
The United States is expected to dominate the North America laryngoscopes market. Increasing prevalence of respiratory problems in both adults and children is responsible for the market growth. The region thrives at a CAGR of 5.6% during the projected period while it is likely to reach a revenue of USD 199.2 million
The market is expected to be driven by a rise in air pollution and an increasing tobacco-smoking population, which causes respiratory illnesses. The presence of strong practice guidelines by the American Society of Anesthesiologists (ASA) and other healthcare organizations, as well as expanding government initiatives in the country, is projected to drive the laryngoscopes market expansion in the United States.
| Segment | Top Product Type |
|---|---|
| Top Sub-segment | Flexible Laryngoscopes |
| CAGR (2023 to 2033) | 5.7% |
| CAGR (2017 to 2022) | 4.8% |
| Segment | Top End User |
|---|---|
| Top Sub-segment | Hospitals |
| CAGR (2023 to 2033) | 5.4% |
| CAGR (2017 to 2022) | 5.1% |
Based on the product, the flexible laryngoscope is leading with a CAGR of 5.7% between 2023 and 2033. The growth is attributed to better imaging and flexibility. The product delivers enhanced results while evaluating the larynx in its normal anatomic position. The flexibility helps it in maneuvering through body organs while diagnosing and providing enough information for the diagnosis. The segment thrives at a slightly lower CAGR of 4.8 during the previous forecast period.
Based on end users, the hospital segment fuels the leading CAGR of 5.4% between 2023 and 2033. The growth is attributed to the higher consumption, budget, and requirement. Several people visit hospitals for diagnosis. Higher government investment in public hospitals for the extension of diagnosis units has also let the segment consume a big chunk of the laryngoscopy market. Previously, the segment thrived at an elevated CAGR of 5.1% between 2017 and 2022.
Reusable laryngoscopes account for a lion's share of the market in terms of usability. In 2022, reusable laryngoscopes held 83.1% of the global market share.
The complete cost lifecycle of disposable laryngoscopes shows that they do not accomplish the projected cost reduction that reusable laryngoscopes achieve. Currently, disposable laryngoscopes are expected to account for 16.9% of the global market share. Reusable laryngoscopes are becoming more popular because of this. Furthermore, the laryngoscopes market is expected to expand due to rising demand for minimally invasive and non-invasive operations for laryngeal disease diagnostics.
The market for laryngoscopes is fragmented with several national, international, and regional companies. To increase their product range, key market players in the laryngoscopes market are focusing on strategic collaborations and alliances with several other companies.
Laryngoscope manufacturers are progressively engaging in research and development operations to produce next-generation and cost-effective products such as fiberoptic laryngoscopes, integrated channel laryngoscopes, and anesthetic video laryngoscopes. To survive in this competitive market, new players are attempting to differentiate themselves with their products.
Apart from that, market players are concentrating on growth possibilities in high-potential economies. Furthermore, the rising demand for laryngoscopes in interventional procedures is pushing market players to boost production and expand their operations.
Market Developments
The market is valued at USD 355.1 million in 2023.
The market is forecast to register a CAGR of 5.4% through 2033.
India, Japan, and China dominate the Asian market.
Flexible Laryngoscopes are the key segment based on product type in the market.
The United States market is estimated to secure a valuation of USD 7 million.
1. Executive Summary | Laryngoscope Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Rigid Laryngoscopes 5.2. Flexible Laryngoscopes 5.2.1. Video Laryngoscopes 5.2.2. Fiber Laryngoscopes 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Usability 6.1. Reusable Laryngoscopes 6.2. Disposable Laryngoscopes 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Ambulatory Surgery Centers 7.3. Specialty Clinics 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Karl Storz SE & Co. KG 16.2. Flexicare Medical 16.3. NOVAMED USA 16.4. Penlon Limited 16.5. Ambu A/S 16.6. Rudolf Riester GmbH 16.7. Medtronic plc. 16.8. Clarus Medical LLC 16.9. Bomimed Inc 16.10. Propper Manufacturing Co. Inc. 16.11. Teleflex Incorporated 16.12. Verathon Inc. 16.13. Venner Medical (Deutschland) GmbH 17. Assumptions & Acronyms Used 18. Research Methodology
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Laryngoscopes Market
