Laryngoscope Market Size
Medical Equipment

Global Laryngoscope Market Report 2023 – Top Market Trends And Opportunities

The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

The global laryngoscope market size is expected to grow from $0.25 billion in 2022 to $0.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The market size of global laryngoscope is expected to grow from $0.41 billion in 2027 at a CAGR of 10.0%.

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.

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Laryngoscope Market Driver
The growing prevalence of laryngeal cancers, infections, and chronic respiratory diseases are one of the key reasons expected to boost laryngoscope market growth. Laryngeal cancer is head and neck cancer that occurs when abnormal (malignant) cells form in the larynx. In2020, approximately 99,840 people died of laryngeal cancer worldwide. Moreover, in 2020, in the United States, there were 12,370 new cases and 3,750 deaths from laryngeal cancer. Therefore, the increasing prevalence of laryngeal cancer increased the demand for laryngoscopes and thereby contributed to growth of the laryngoscopes market.

Laryngoscope Market Trends
Robot-assisted laryngoscopy is one of the key trends shaping the laryngoscope market. Growing complications or risks associated with advanced and experimental procedures contribute to increased demand for robot-assisted laryngoscopy. The characteristics of robot-assisted devices such as reliability will increase precision levels and have near-absolute geometric accuracy, which helps to reduce the workload of the specialists and improve patient care. Implementing robotic systems leads to faster skill development than manual procedures, and also improves performance and safety. Johns Hopkins University developed a robotic tool to improve surgeons’ access to the larynx (voice box). The experts are designing a robotic laryngoscope that can be used with one hand like a joystick.

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Major Players And Regions Of The Laryngoscope Market
Major players in the laryngoscope market are Ambu, Hill-Rom Holdings, Inc., KARL STORZ, Medtronic, Olympus, HOYA, Roper Technologies, Inc. (Verathon, Inc.), Richard Wolf GmbH, Schoelly Fiberoptic GmbH, and Welch Allyn Inc.

Asia-Pacific was the largest region in the laryngoscope market in 2022.

Laryngoscope Market Segmentation By The Business Research Company
The global laryngoscope market 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

 The Table Of Content For The Laryngoscope Market Include:
1. Laryngoscope Market Executive Summary
2. Laryngoscope Market Segments
3. Laryngoscope Market Size And Laryngoscope Market Growth Rate
4. Key Laryngoscope Market Trends
5. Major Laryngoscope Market Drivers
25. Key Mergers And Acquisitions In The Laryngoscope Market
26. Top Laryngoscope Companies
27. Laryngoscope Market Opportunities And Strategies
28. Laryngoscope Market, Conclusions And Recommendations
29. Appendix

The Laryngoscope Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the laryngoscope market.

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