The laryngoscope global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Laryngoscope Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The laryngoscope market size has grown rapidly in recent years. It will grow from $0.28 billion in 2023 to $0.31 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to medical advancements, anesthesia and intubation, healthcare infrastructure development, training and education.
The laryngoscope market size is expected to see rapid growth in the next few years. It will grow to $0.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to aging population, technological innovation, telemedicine and remote consultations, demand for minimally invasive techniques. Major trends in the forecast period include video laryngoscopy, rapid advancements in technology, portability and compact design, disposable laryngoscopes.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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. For instance, in June 2023, according to the Mesothelioma Center, a US-based Mesothelioma information center with the primary goal of raising awareness of mesothelioma and linking individuals to the best mesothelioma information available, laryngeal cancer accounted for 0.7 percent of all new cases of cancer and 0.6 percent of all cancer deaths in 2021. Therefore, the increasing prevalence of laryngeal cancer increased the demand for laryngoscopes and thereby contributed to growth of the laryngoscopes market.
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.
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
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Regional Insights –
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
Key Companies –
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
Table of Contents
1. Executive Summary
2. Laryngoscope Market Report Structure
3. Laryngoscope Market Trends And Strategies
4. Laryngoscope Market – Macro Economic Scenario
5. Laryngoscope Market Size And Growth
…..
27. Laryngoscope Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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