During the anticipated period, the Laryngoscope Market is anticipated to grow at a steady CAGR of 5.4%. The market is expected to reach a value of US$ 601.6 million by 2033, up from its current share of US$ 355.1 million in 2023.
The rising demand for non-invasive devices for the treatment of laryngeal diseases is driving the laryngoscopes market. Increasing number of doctors and medical professionals are now opting to follow laryngoscopy due to its effectiveness. FMI forecasts this to rise consistently over the course of the forecast period.
Key Takeaways from Laryngoscopes Market Report
- The laryngoscopes market to exhibit surging sales as demand rises due to the increasing incidence of vocal or throat related diseases
- Increasing caution regarding hygiene have resulted in doctors adopting laryngoscopes in order to minimize invasion and contact
- Reusable laryngoscopes are popular in the market due to their environmentally friendly properties
- North America is expected to emerge as the leading market for laryngoscopes and is likely to remain dominant through the forecast period
- While hospitals will continue exhibiting high demand, sales in specialty clinics as well are expected to surge in the coming years
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COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted a lot of industries, including the laryngoscopes market. Implementation of lockdowns and ban on transportation have declined production of laryngoscopes. While there has been demand for laryngoscopes from the health industry, shortage of manpower as well as resources have slowed down production.
The market is expected to bounce back following the pandemic due to increasing demand for non-invasive throat treatments. Heightened awareness regarding hygiene due to the pandemic is also expected to boost demand for laryngoscopes. The market is expected to travel at a positive trajectory from 2021.
Who Is Winning?
The laryngoscopes market is mainly dominated by a few key players in the market. Increasing demand and favorable government policies have created opportunities for the entry of new players in the market. Players are now seeking to expand their growth by collaborating and partnering with different companies.
Players have shifted their focus to develop and innovate desgins that ensure better safety and comfort. Key players are now involved in developing laryngoscopes to correct existing errors and deficiencies. This has increased competition among the players to create better and more efficient laryngoscopes.
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Key Players
- KARL STORZ GmbH & Co.
- Flexicare Medical
- NOVAMED USA
- Penlon Limited
- Ambu A/S
- Rudolf Riester GmbH
- Medtronic plc.
- Clarus Medical LLC
- BOMImed
- Propper Manufacturing Co. Inc.
- Teleflex Incorporated
- Verathon Inc.
- Venner Medical (Germany) GmbH
Key Segments
- Laryngoscopes Market by Product Type:
- Rigid Laryngoscopes
- Flexible Laryngoscopes
- Video Laryngoscopes
- Fiber Laryngoscopes
Laryngoscopes Market by End User:
- Hospitals
- Ambulatory Surgery Centers
- Specialty Clinics
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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