The market for Laryngoscopes Market is expected to reach Us$ XX Bn By 2026.
Laryngoscopy refers to the medical examination of the larynx for the purpose of visualizing the vocal cords, upper tracheal rings, etc. Laryngoscopes are used to detect voice disorders, ENT pain, abnormalities, and airway obstruction. Technological innovation and the introduction of video functions in laryngoscopes, along with a growing geriatric population, are the key drivers of the global laryngoscopes market. On the other hand, the risk of procedural injuries to the airway, teeth, and larynx are the factors that hold back the growth of this market. In recent years, the global market has been overcrowded with several me-too products, leaving a gap in terms of the introduction of laryngoscopes that facilitate fool-proof intubation.
Based on product types, the global laryngoscopes market is classified into video laryngoscopes (flexible and portable) and non-video laryngoscopes (flexible and rigid). Among the considered types of laryngoscopes, the status of non-video laryngoscopes is being majorly challenged by video-enabled substitutes. Further technical advancement has also led to the introduction of robot-assisted video laryngoscopes and the resulting huge demand due to their enhanced precision and success rate. On the basis of usage areas, the global laryngoscopes market is categorized as hospitals, ambulatory surgical centers, and ENT clinics. ENT clinics and hospitals together occupy the largest share of the global market. Higher patient footfall in hospitals and specialty clinics and the advantage of reimbursement mainly drive the dominance of these segments.
Based on geographic trends, it is observed that North America is the current leader in the laryngoscopes market and is expected to retain its dominance throughout the forecast period. The presence of a sizable high-risk geriatric population, as well as the increased prevalence of respiratory conditions and ENT disorders, are the primary growth drivers in the North American market. Regulatory support in terms of swift product approvals and growing demand for video laryngoscopes will open further growth avenues in the region. On the other hand, increasing awareness about minimally invasive procedures, improving healthcare expenditure, and an evolving reimbursement scenario will make Latin America and Asia Pacific the fastest-progressing regional markets.
Product Type
Video Laryngoscopes
Non-video Laryngoscopes
Usage Areas
Geography
Karl Storz GmbH, Medtronic PLC, Clarus Medical LLC, Ambu A/S, Teleflex Incorporated, Rudolf Riester GmbH, Venner Medical GmbH, and many more
The market for Laryngoscopes Market is expected to reach Us$ XX Bn By 2026.
The Laryngoscopes Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Karl Storz GmbH, Medtronic PLC, Clarus Medical LLC, Ambu A/S, Teleflex Incorporated, Rudolf Riester GmbH, Venner Medical GmbH are some of the major players in the global market.