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Laryngoscopes Market Size

Report ID: GMI5269
Published Date: May 2022
Report Format: PDF

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Laryngoscopes Market Size

Laryngoscopes Market size was valued at over USD 700 million in 2021 and is anticipated to foresee an 8.1% CAGR from 2022 to 2030 owing to the increasing prevalence of larynx or pharyngeal cancer. Increasing preference for video laryngoscopy with availability of advanced devices will offer unprecedented growth opportunities to the industry during the forecast period.

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Laryngoscopy allows detection of cancer cells by the analysis of small tissues from the affected area. Thus, increasing number of new cancer cases will ultimately boost the demand for laryngoscopes across the globe. Further, product development offering advanced visualization abilities will enhance the market growth potential. It will stimulate the product demand across the healthcare facilities.

The COVID-19 outbreak has positively impacted the adoption of laryngoscopes during the period. The use of laryngoscopy was suggested by the healthcare professionals for airway management associated with COVID-19 infection. Thus, the upsurge in number of cases benefited the business revenue growth of the industry players. Moreover, the researchers are conducting studies to determine the potential of laryngoscopes in critically ill patients. Thus, the significantly growing COVID-19 cases, worldwide have influenced the demand for laryngoscopes.

Laryngoscopes are medical devices used for visual examination of vocal cords or larynx for detection of abnormalities or infection. These are being increasingly used for diagnosis and treatment of throat disorders. Laryngoscopy can be indirect or direct depending on visualization technique. Various types of laryngoscopes are currently marketed including fiber optic, video and conventional.

Laryngoscopes Market Report Attributes
Report Attribute	Details
Base Year:	2021
Laryngoscopes Market Size in 2021:	USD 724.2 Million
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	8.1%
2030 Value Projection:	USD 1,494.3 Million
Historical Data for:	2017 to 2021
No. of Pages:	150
Tables, Charts & Figures:	176
Segments covered:	Product, Usability, End-use, and Region
Growth Drivers:	Rising risk of throat injuries and cancer across the globe Introduction of advanced products in the market Growing geriatric population
Pitfalls & Challenges:	HStringent regulatory process High cost of advanced laryngoscopes

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The global laryngoscopes market size is slated to surpass USD 1.4 billion by 2030 and will witness an 8.1% CAGR from 2022 to 2030 owing to the rising burden of larynx or pharyngeal cancers and the higher availability of advanced devices.

The market revenue of fiber optic laryngoscopes had surpassed USD 100 million in 2021 and will expand with the rising usage in endoscopic examinations for visualizing abnormalities, small growths and biopsy tissue from the specific region.

Single-use laryngoscopes market is poised to hit an 8.7% CAGR through 2030 owing to the higher need for safety and the reduced risk of cross infections among patients.

The laryngoscopes industry share from specialty clinics is anticipated to record a 7.7% CAGR through 2028 due to the increasing number of patient visits and the higher availability of focused diagnosis and treatment in these settings.

North America held over 36% of the laryngoscopes industry share in 2021 and will see expansion with the higher spending on disease diagnosis and the presence of established business players in the region.