Laryngoscopes Market by Product and Geography - Forecast and Analysis 2021-2025

The laryngoscopes market share is expected to increase by USD 388.33 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 12%.

This laryngoscopes market research report extensively covers laryngoscopes market segmentation by product (video laryngoscopes, standard laryngoscopes, and fiber-optic laryngoscopes) and geography (North America, Europe, Asia, and ROW). The laryngoscopes market report also offers information on several market vendors, including Ambu AS, American Diagnostic Corp., Anaesthetics India Pvt. Ltd., HEINE Optotechnik GmbH and Co. KG, HILL-ROM HOLDINGS INC., HOYA Group, KARL STORZ SE and Co. KG, Medtronic Plc, Penlon Ltd., and Roper Technologies Inc. among others.

What will the Laryngoscopes Market Size be During the Forecast Period?

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"In 2018, the global incidence of laryngeal cancer was estimated to be approximately 23 cases per million population. According to the CDC, every year, approximately 10,000 men and 2,500 women in the US are diagnosed with laryngeal cancer."

Laryngoscopes Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of laryngeal cancers, infections, and chronic respiratory diseases is notably driving the laryngoscopes market growth, although factors such as the high cost of laryngoscopes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laryngoscopes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laryngoscopes Market Driver

One of the key factors driving growth in the laryngoscopes market is the increasing prevalence of laryngeal cancers, infections, and chronic respiratory diseases. The risk of laryngeal cancer increases with age, gender, smoking, and infections. It is more common in older adults, and it is rare in people below 40 years of age. Long-term exposure to second-hand smoking may also increase the risk of laryngeal cancer. Also, individuals consuming a moderate to a high amount of alcohol have a higher risk of developing laryngeal cancer. Bacterial infections that cause persistent sore throat or hoarseness, inflammation, laryngopharyngeal reflux (LPR) disease, and COPD are among the primary causes of the growing demand for laryngoscopy procedures, which, in turn, is driving the growth of the global laryngoscopes market.

Key Laryngoscopes Market Trend

The growing popularity of video laryngoscopy is another factor supporting the laryngoscopes market share growth. A video laryngoscope is a type of indirect laryngoscopy. With advances in digital technology, video chips and CMOS were developed by many manufacturers, which further led to the development of video laryngoscopes. These laryngoscopes help to obtain a view of the glottis so that intubation can be performed successfully. In recent years, intubation using a video laryngoscope has been one of the most innovative advances in laryngoscopes. Advances in technology have led to dramatic improvements in visualization technologies, especially in video laryngoscopes, thus leading to a surge in demand for such advanced systems.

Key Laryngoscopes Market Challenge

The high cost of laryngoscopes will be a major challenge for the laryngoscopes market during the forecast period. A significant number of hospitals in low-income countries do not use video laryngoscopes due to the high costs. Budget constraints are making many end-users adopt comparatively lower-cost conventional standard laryngoscopes as they provide significant cost savings in comparison with video laryngoscopes. The standard laryngoscope power source is located within the handle in the form of conventional batteries. It requires frequent battery changes, recharging, and maintenance, which increases its cost. The cost associated with the cleaning and sterilization of handles and blades of reusable laryngoscope further increases the cost burden. These factors are estimated to limit the growth of the global laryngoscopes market.

This laryngoscopes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global laryngoscopes market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laryngoscopes market during the forecast period.

Market Overview

he parent, global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Technavio calculates the global healthcare equipment market size based on combined revenue generated by manufacturers of various diagnostic equipment and devices used across the therapy areas. 

Who are the Major Laryngoscopes Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Ambu AS
• American Diagnostic Corp.
• Anaesthetics India Pvt. Ltd.
• HEINE Optotechnik GmbH and Co. KG
• HILL-ROM HOLDINGS INC.
• HOYA Group
• KARL STORZ SE and Co. KG
• Medtronic Plc
• Penlon Ltd.
• Roper Technologies Inc.

 

This statistical study of the laryngoscopes market encompasses successful business strategies deployed by the key vendors. The laryngoscopes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Ambu AS - The company offers single-use rhinolaryngoscopes with high-quality imaging under the product category Endoscopy.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laryngoscopes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Laryngoscopes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laryngoscopes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the healthcare equipment market includes the following core components:

• Research and development
• Inputs
• Operations
• Distribution
• Marketing and sales
• Post-sales and services
• Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Laryngoscopes Market?

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43% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for laryngoscopes in North America. Market growth in this region will be faster than the growth of the market in the European and ROW regions.

The high prevalence of chronic respiratory diseases, throat infections and tumors, favorable reimbursement policies, improved healthcare infrastructure, and the increased adoption of advanced laryngoscopes will facilitate the laryngoscopes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The demand for laryngoscopes has increased in 2020, owing to the outbreak of the COVID-19 pandemic. Laryngoscopes are finding extensive use in the placement of airway management equipment in COVID-19 patients. As of July 1, 2021, the US was the worst-affected country globally by the COVID-19 pandemic, with about 33.6 million patients diagnosed with the disease. As a result, the demand for laryngoscopes surged in the US, which led to strong revenue growth in 2020. Sales of single-use laryngoscopes are expected to increase during the forecast period as part of a precaution against the risk of contamination and further spread of COVID-19.

What are the Revenue-generating Product Segments in the Laryngoscopes Market?

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The laryngoscopes market share growth by the video laryngoscopes segment will be significant during the forecast period. Video laryngoscopy is the latest development in the field of airway management. It is becoming popular as it provides a superior view of the glottic opening when compared with direct laryngoscopy. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the laryngoscopes market size and actionable market insights on post COVID-19 impact on each segment.

 

Laryngoscopes Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 12%
Market growth 2021-2025	$ 388.33 million
Market structure	Fragmented
YoY growth (%)	12.08
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 43%
Key consumer countries	US, Germany, France, China, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Ambu AS, American Diagnostic Corp., Anaesthetics India Pvt. Ltd., HEINE Optotechnik GmbH and Co. KG, HILL-ROM HOLDINGS INC., HOYA Group, KARL STORZ SE and Co. KG, Medtronic Plc, Penlon Ltd., and Roper Technologies Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Laryngoscopes Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive laryngoscopes market growth during the next five years
• Precise estimation of the laryngoscopes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the laryngoscopes industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of laryngoscopes market vendors

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