Laryngoscope Market Size (2024 - 2029)

The laryngoscope market is projected to experience growth over the forecast period, driven by an increased demand due to the rising prevalence of laryngeal diseases and the heightened use of laryngoscopes in airway management. The COVID-19 pandemic initially hindered market expansion but subsequently spurred demand due to guidelines recommending video laryngoscopes for intubation in affected patients. Additionally, new product launches and strategic initiatives by key market players are contributing positively to market expansion. Despite these growth drivers, potential injuries associated with laryngoscope use may pose challenges to market growth.

Market Size of Laryngoscope Industry

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Laryngoscope Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 9.40 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Laryngoscope Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Laryngoscopes Market Analysis

The Laryngoscope Market is expected to register a CAGR of 9.4% over the forecast period.

The COVID-19 pandemic initially had a moderate impact on the laryngoscope market. The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decline in the number of patients visiting for non-emergency cases. However, COVID-19 primarily affected the respiratory system, leading to an immediate demand for respiratory and vascular access products, including laryngoscopes. Furthermore, several guidelines and reviews, including those from the UK Difficult Airway Society, the Association of Anaesthetists, the Intensive Care Society, and the Royal College of Anaesthetists, have recommended tracheal intubation with a video laryngoscope in preference to a direct laryngoscope for patients with suspected or confirmed COVID-19 who require intubation. Furthermore, the European Resuscitation Council COVID-19 Guidelines for Advanced Life Support in Adults also mentioned in their guidelines recommending video laryngoscopes. These recommendations led to a higher demand for laryngoscopes. Moreover, several international bodies supported healthcare facilities in strengthening the clinical management response for caring for people with severe COVID-19 infection who need intubation. For instance, in January 2021, the PAHO and WHO donated a video laryngoscope to the Karl Heusner Memorial Hospital Authority (KHMHA). Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market gained significant traction due to the increased use of laryngoscopes globally.

Further, the increasing prevalence of laryngeal disease and the rise in the use of laryngoscopes in airway management are among the major factors driving the growth of the market studied. In addition, the high rate of smokers among the population and the increasing incidences of laryngeal cancer are also leading to a higher prevalence of the laryngeal disease. Such factors will likely boost the demand for laryngoscopy, thereby contributing to the market's growth.

Some common laryngeal diseases include laryngitis, vocal nodules, vocal polyps, Reinke's edema, and epiglottic cyst, among others. In addition, it has been observed that the prevalence of laryngeal disease is higher in males. Moreover, the American Cancer Society estimates that in 2022, there will be about 12,470 new cases of laryngeal cancer (9,820 in men and 2,650 in women) in the United States. Laryngoscopy takes biopsy samples of the vocal cords or nearby parts of the throat to detect cancer further. Thus, the increasing prevalence of the laryngeal disease is poised to accelerate the laryngoscope market globally and is expected to increase in the future, thereby driving the growth of the market studied over the forecast period.

In addition, new product launches and strategic activities by major players in the market are positively affecting the growth of the market studied. For instance, in May 2021, Penlon Limited launched a new and improved range of laryngoscope blades and handles for use in the MRI suite. Thus, due to the product launches and strategic activities, the market studied is expected to grow significantly over the forecast period.

Therefore, owing to the abovementioned factors, it is anticipated that the market studied will witness growth over the forecast period. However, the injuries associated with the use of laryngoscopes are likely to impede the market's growth.

Laryngoscopes Industry Segmentation

Laryngoscopes are endoscopy devices used for visualization of the vocal cords and placement of the endotracheal tube into the trachea. Laryngoscopy is the procedure that healthcare providers use to examine the larynx. Providers may do laryngoscopies in a clinic office or as surgery in an operating room. 

The Laryngoscope Market is Segmented by Type (Fiber Optic Laryngoscope, Video Laryngoscope), Component (Laryngoscope Blades, Handles, Consumables and Accessories), Usability (Disposable, Reusable), End-User (Hospital, Clinics, Ambulatory Surgical Centers, Other End-Users), and Geography (North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa), and South America (Brazil, Argentina, Rest of South America). The report offers the value (in USD million) for the above segments.

By Type
Fiber Optic Laryngoscope
Video Laryngoscope
By Component
Laryngoscope Blades
Handle
Consumables and Accessories
By Usability
Disposable
Reusable
By End-User
Hospital
Clinics
Ambulatory Surgical Centers
Other End-Users
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Laryngoscope Market Size Summary

The laryngoscope market is poised for significant growth, driven by the increasing prevalence of laryngeal diseases and the rising use of laryngoscopes in airway management. The market experienced an initial decline due to the COVID-19 pandemic, which led to a decrease in non-emergency patient visits. However, the pandemic also spurred demand for laryngoscopes, particularly video laryngoscopes, as they were recommended for intubating COVID-19 patients. This shift was supported by guidelines from various health organizations, which favored video laryngoscopes for their advantages in visibility and ease of use. The market is further bolstered by the high incidence of laryngeal cancer, particularly among smokers, and the need for biopsy procedures, which laryngoscopes facilitate. New product launches and strategic initiatives by key market players are also contributing to the market's expansion.

The video laryngoscope segment is expected to witness substantial growth due to its innovative features that enhance intubation success rates and reduce the need for specialized expertise. Continuous advancements and product launches, such as those by OmniVision and Ambu, are driving the adoption of video laryngoscopes, particularly in North America. The region's dominance in the market is attributed to its advanced medical infrastructure, high healthcare spending, and the prevalence of laryngeal diseases. The competitive landscape is characterized by the presence of both international and regional players, including Medtronic, Baxter, and Olympus Corporation, who are actively introducing new products to capture market share. Despite the market's fragmentation, these factors collectively indicate a positive growth trajectory for the laryngoscope market over the forecast period.

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Laryngoscope Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Laryngeal Disease and Rise in the Use of Laryngoscopes in Airway Management

      2. 1.2.2 Introduction of Technologically Advanced Products

    3. 1.3 Market Restraints

      1. 1.3.1 Injuries Associated with the Use of Laryngoscopes

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD million)

    1. 2.1 By Type

      1. 2.1.1 Fiber Optic Laryngoscope

      2. 2.1.2 Video Laryngoscope

    2. 2.2 By Component

      1. 2.2.1 Laryngoscope Blades

      2. 2.2.2 Handle

      3. 2.2.3 Consumables and Accessories

    3. 2.3 By Usability

      1. 2.3.1 Disposable

      2. 2.3.2 Reusable

    4. 2.4 By End-User

      1. 2.4.1 Hospital

      2. 2.4.2 Clinics

      3. 2.4.3 Ambulatory Surgical Centers

      4. 2.4.4 Other End-Users

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Italy

        5. 2.5.2.5 Spain

        6. 2.5.2.6 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 Japan

        3. 2.5.3.3 India

        4. 2.5.3.4 Australia

        5. 2.5.3.5 South Korea

        6. 2.5.3.6 Rest of Asia-Pacific

      4. 2.5.4 Middle East and Africa

        1. 2.5.4.1 GCC

        2. 2.5.4.2 South Africa

        3. 2.5.4.3 Rest of Middle East and Africa

      5. 2.5.5 South America

        1. 2.5.5.1 Brazil

        2. 2.5.5.2 Argentina

        3. 2.5.5.3 Rest of South America

Laryngoscope Market Size FAQs

The Laryngoscope Market is projected to register a CAGR of 9.40% during the forecast period (2024-2029)

Medtronic, Baxter (Hillrom), Olympus Corporation, Nihon Kohden and Teleflex are the major companies operating in the Laryngoscope Market.

Laryngoscopes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)