The Laryngoscope Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Laryngoscope Global Market Report 2024, 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.
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.
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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
The laryngoscope market report table of contents includes:
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