Global Laryngoscope Market Insights 2024, Forecast To 2033
16 Jan, 2024
The laryngoscope market has experienced rapid growth, increasing from $0.28 billion in 2023 to $0.31 billion in 2024, reflecting an 11.2% CAGR. Historical growth drivers include medical advancements, anesthesia and intubation practices, healthcare infrastructure development, and educational efforts. The forecast indicates continued growth, reaching $0.45 billion by 2028, with a 10.2% CAGR. The growth in the forecast period is attributed to an aging population, technological innovation, telemedicine, and remote consultations, along with the demand for minimally invasive techniques. Key trends include video laryngoscopy, rapid technological advancements, portability, compact design, and disposable laryngoscopes.
Global Laryngoscope Market Key Driver
The rising incidence of laryngeal cancers, infections, and chronic respiratory diseases is a key factor expected to propel the growth of the laryngoscope market. Laryngeal cancer, a form of head and neck cancer, has witnessed a rise in cases, comprising 0.7% of all new cancer cases and 0.6% of cancer-related deaths in 2021, according to the Mesothelioma Center. This surge in laryngeal cancer cases has spurred demand for laryngoscopes, contributing to the market's expansion.
Get A Free Sample Of The Global Laryngoscope Market ReportGlobal Laryngoscope Market Segments
The laryngoscope market covered in this report is segmented –
1) By Type: Indirect Laryngoscope, Direct Laryngoscope
2) By Product: Video Laryngoscopes, Standard Laryngoscopes, Fiber-optic Laryngoscopes
3) By End-user: Hospitals, Clinics, Medical Examination Center
By Geography: The regions covered in the laryngoscope market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the laryngoscopes market in 2023. North America was the second largest region in the laryngoscope market. The regions covered in the laryngoscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Laryngoscope Industry Players
Ambu A/S, Hill-Rom Holdings Inc., KARL STORZ GmbH & Co. KG, Medtronic Plc, Olympus Corporation, HOYA Corporation, Roper Technologies Inc., Richard Wolf GmbH, Schoelly Fiberoptic GmbH, Welch Allyn Inc., Timesco Healthcare Ltd., GIMMI GmbH, Zhejiang Tiansong Medical Instrument Co.Ltd., XION GmbH, HEINE OPTOTECHNIK GmbH & Co. KG, Truphatek International Ltd., Kangji Medical, Shenda Endoscope, Rudolf Riester GmbH, Baxter International Inc., Nihon Kohden, Teleflex Incorporated, BPL Group, Clarus Medical LLC, SunMed LLC, Vyaire Medical Inc., Flexicare Medical Ltd., IntuBrite LLC
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Laryngoscope Market Overview
The laryngoscope is a medical device used to view and examine the larynx and vocal cords in the throat. This device is also used during tracheal intubation in patients requiring ventilator support.
Laryngoscope Global Market Report 2023 provides data on the global laryngoscope market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laryngoscope market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.