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Laryngoscopes Market Trends

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

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Laryngoscopes Market Trends

Product advancements in laryngoscopes will strengthen the laryngoscopes market growth in coming years. Several companies operating in the market are competing on the basis of product technologies. Developed products has offered increased patient safety and high outcomes with better visualization capabilities. Further, improving accessibility of video laryngoscopes to healthcare professionals across the developing nations will propel the market growth in foreseeable future.

High resolution micro camera mounted in video laryngoscopes assist in improved view of vocal cord as well as increases the success rate. Additionally, growing awareness regarding early disease diagnosis and emergency visits to facilities will benefit the industry revenue growth.

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.