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Laryngoscope Market Report 2024: Strategies And Recent Developments | Ambu A/S, Hill-Rom Holdings Inc., KARL STORZ GmbH & Co. KG, Medtronic Plc, Olympus Corporation
Laryngoscope Market Size
The Business Research Company offers in-depth market insights through Laryngoscope Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of the laryngoscope market are indirect laryngoscope and direct laryngoscope. The direct laryngoscope is the procedure that allows visualization of the larynx during general anesthesia, surgical procedures. The various product involved is video laryngoscopes, standard laryngoscopes, and fiber-optic laryngoscopes. The various end-users are hospitals, clinics, and medical examination centers.
Major Driver - Elevated Demand For Laryngoscopes Driven By Rising Prevalence Of Laryngeal Cancers And Respiratory Conditions
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.
Competitive Landscape:
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
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Top Trend - Revolutionizing Laryngoscopy The Emergence Of Robot-Assisted Techniques
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Laryngoscope Market Characteristics
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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