How is the Laryngoscope Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the laryngoscope market right now?
The laryngoscope industry has experienced a swift growth in the past few years. The market size is projected to increase from $0.3 billion in 2024 to $0.33 billion in 2025, yielding a compound annual growth rate (CAGR) of 10.5%. The escalation in the past can be credited to improvements in medical technology, strategies in anesthesia and intubation, advancements in healthcare infrastructure, and impactful training and education.
How fast Is the laryngoscope market expected to grow, and what’s its future value?
Expectations are high for a swift expansion in the laryngoscope market size in the coming years, with a projected value of $0.49 billion in 2029, expanding at a compound annual growth rate (CAGR) of 10.5%. The growth spectated during the forecast period can be credited to the aging population, advancements in technology, telemedicine and remote consultations, along with an increasing demand for minimally invasive techniques. The forecast period is also anticipated to see trends such as video laryngoscopy, quick-paced technological advancements, portability and compact design, and disposable laryngoscopes shaping the industry.
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What are the leading drivers of growth in the laryngoscope market?
The escalating incidence of laryngeal cancers, infections, and long-standing respiratory diseases is forecasted to spur growth in the laryngoscope market. Laryngeal cancer, a variety of head and neck cancer, occurs when malignant cells develop within the larynx. As an illustration, the American Cancer Society (ACS), a health organization based in the U.S., projected that the count of new laryngeal cancer cases in the U.S. would surge to 12,650 in 2024, a rise from 12,380 in 2023. Consequently, the mounting incidence of laryngeal cancer has stimulated the demand for laryngoscopes, thus aiding in the expansion of the laryngoscope market.
What are the key segments defining the laryngoscope market?
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
Subsegments:
1) By Indirect Laryngoscope: Rigid Indirect Laryngoscope, Flexible Indirect Laryngoscope
2) By Direct Laryngoscope: Rigid Direct Laryngoscope, Video Direct Laryngoscope
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Who are the key players steering the development of the laryngoscope market?
Major companies operating in the laryngoscope market include 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
What emerging trends are influencing the growth of the laryngoscope market?
The trend towards the use of robot-assisted laryngoscopy is noticeably influencing the laryngoscope market. This trend is driven by an increased demand due to the rising complications or risks linked with sophisticated and pioneering procedures. Attributes of robot-assisted devices such as their dependability lead to elevated levels of precision and almost perfect geometric accuracy, consequently lightening the burden on specialists and enhancing patient care. The employment of robotic systems results in quicker skill advancement compared to traditional methods and also bolsters performance and security. A robotic apparatus to enhance surgeons’ connection to the larynx was developed by Johns Hopkins University. The specialists are in the process of designing a robotic laryngoscope that can be manipulated with a single hand, much like a joystick.
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Which regions are most influential in expanding the laryngoscope market?
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
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