Laryngoscope Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Laryngoscope Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

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Market Drivers and Trends:

The growing prevalence of respiratory diseases is expected to propel the growth of the laryngoscope market in the coming years. A respiratory disease is a long-term or short-term ailment that impacts the respiratory tract. It encompasses acute respiratory illnesses such as bronchitis, pneumonia, influenza, and chronic obstructive pulmonary disease. The laryngoscope is used to identify respiratory illnesses such as dysphonia, laryngitis, and laryngeal cancer and also to seal the breathing passages of patients with respiratory disorders that require intubation, such as tuberculosis, COVID-19, and Ebola, to reduce aerosolization and pathogen transmission to healthcare professionals. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based governmental agency, respiratory disorders were responsible for 7.3% of total disease burden (DALY), 5.6% of lethal burden (YLL), and 8.8% of non-fatal burden (YLD) in 2022. Respiratory illnesses were ranked as the eighth most dominant sickness category after cancer. Therefore, the growing prevalence of respiratory diseases is driving the laryngoscope market.

The growing prevalence of respiratory diseases is expected to propel the growth of the laryngoscope market in the coming years. A respiratory disease is a long-term or short-term ailment that impacts the respiratory tract. It encompasses acute respiratory illnesses such as bronchitis, pneumonia, influenza, and chronic obstructive pulmonary disease. The laryngoscope is used to identify respiratory illnesses such as dysphonia, laryngitis, and laryngeal cancer and also to seal the breathing passages of patients with respiratory disorders that require intubation, such as tuberculosis, COVID-19, and Ebola, to reduce aerosolization and pathogen transmission to healthcare professionals. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based governmental agency, respiratory disorders were responsible for 7.3% of total disease burden (DALY), 5.6% of lethal burden (YLL), and 8.8% of non-fatal burden (YLD) in 2022. Respiratory illnesses were ranked as the eighth most dominant sickness category after cancer. Therefore, the growing prevalence of respiratory diseases is driving the laryngoscope market.

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Major Key Players of the Market:

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

Laryngoscope Market 2024 Key Insights:

• The laryngoscope market size is expected to grow to $0.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Driving Forces In The Laryngoscope Market Addressing The Surge In Respiratory Diseases
• Innovative Solutions Shaping The Laryngoscope Market The Advancement Of Handheld Video Laryngoscopes
• Asia-Pacific was the largest region in the laryngoscopes market in 2023.

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