Laryngoscopes Market to Reach Valuation of USD 1.2 Billion by 2030 – Rise in the Demand for Minimally Invasive Surgeries for Laryngeal Disease Drives the Market

In terms of revenue, the Global Laryngoscopes Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 8.9% from 2023 to 2030.

Over the course of the forecast period, the market for is anticipated to expand slowly. are medical devices that view the larynx and the vocal cords in patients with respiratory issues or during surgery. They are commonly used in intubation, bronchoscopy, and laryngoscopy. The market for is driven by factors such as the increasing prevalence of respiratory diseases and the growing number of surgical procedures. The rising senior population also contributes to the demand for , as elderly individuals are more susceptible to respiratory issues.

Advancements in technology have led to the development of innovative with improved capabilities. For example, there has been a shift from traditional direct to video , which offer better visualization and easier intubation. This has driven the adoption of video in hospitals and clinics. In addition, the market for is anticipated to grow as a result of the rising demand for minimally invasive procedures. Minimally invasive procedures offer shorter recovery time, reduced pain, and lower risk of complications. play a crucial role in these procedures, enabling the medical professional to navigate and visualize the respiratory tract accurately.

Key Highlights from the Report

• Based on Product Type, the Rigid segment dominates the Laryngoscopes market owing to the provision of superior image quality compared to flexible .
• Based on Usability, the Reusable segment accounted for the substantial growth of the market in 2022 owing to cost-effectiveness, environmental sustainability, durability, and technological advancements.
• Based on End User, Specialty Clinics segment accounted for the most significant market growth owing to the specialized care & expertise offered by these clinics and the availability of advanced infrastructure and technology.
• Based on region, North America holds the significant market share within the Laryngoscopes market in 2022 owing to growing older populace and the rising incidence of respiratory disorders.

Market Dynamics

Several significant factors are propelling the growth of the market under examination. Firstly, the increasing incidence of laryngeal disease and the growing utilization of for airway management stands out as a primary driving force. Furthermore, the elevated prevalence of smoking within the population and the rising occurrences of laryngeal cancer contribute to a higher overall prevalence of laryngeal diseases. These factors are expected to stimulate demand for laryngoscopy, consequently fostering market expansion. Common laryngeal diseases encompass conditions such as laryngitis, vocal nodules, vocal polyps, Reinke's edema, and epiglottic cysts. Additionally, it is noteworthy that the prevalence of laryngeal disease is notably higher among males. 

Furthermore, the American Cancer Society projects that in 2022, approximately 12,470 new cases of laryngeal cancer will emerge in the United States, with 9,820 occurring in men and 2,650 in women. Laryngoscopy plays a crucial role in this context by facilitating the biopsy of vocal cords and adjacent throat regions to aid in early cancer detection. Consequently, the rising prevalence of laryngeal disease is poised to accelerate the global market, with expectations of continued growth in the foreseeable future, further bolstering the market under scrutiny during the forecast period.

North America is poised to assert a prominent presence in the market, primarily due to several key factors. These factors include the ready accessibility of technologically advanced medical products, substantial investments in healthcare, a well-established medical infrastructure, and a notably high incidence of laryngeal diseases within the region. To illustrate, in 2021, approximately 7,400 individuals in Canada received diagnoses of head and neck cancers. Additionally, the rising adoption of video for enhanced outcomes in the United States stands out as a pivotal driver propelling the growth of the North American market for this specific product category.

The Global Laryngoscopes Market is Segmented as follows

• Type
  • Rigid
  • Flexible
• Usability
  • Reusable
  • Disposable
• End User
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Other End Users
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Laryngoscopes Market is

Prodol Meditec S.A. (Spain), Ambu A/S (Denmark), Medtronic PLC (Ireland), KARL STORZ (Germany), Nihon Kohden Corporation (Japan), Verathon Inc. (U.S.), Salter Labs (U.S.), VDO Medical Inc. (U.S.), AAM Vimed-mac, Olympus Corporation (Japan), Abbott Laboratories (U.S.), Becton Dickinson and Company (U.S.), HOYA Corporation (Japan), Stryker Corporation (U.S.), Hill-Rom Services Inc. (U.S.), SCHOTT AG (Germany)

The Global Laryngoscopes Market Scope can be Tabulated as below