The global laryngoscope market size was estimated to be USD 356.2 million in 2023 and is expected to reach at USD 962.7 million by 2034 with a CAGR of 9.46% during the forecast period 2024-2034. A growing occurrence of laryngeal diseases, an uptick in the utilization of laryngoscopes for airway management, a high percentage of smokers in the population, an increase in cases of laryngeal cancer, a rise in the introduction of new products, heightened strategic initiatives by major stakeholders, a rising prevalence of intensive care, increased investment in healthcare facilities, and an escalation in the launch of technologically advanced laryngoscope devices are some of the key factors boosting the market growth.
An escalation in lunch of technologically advanced laryngoscope device is predicted to boost the market growth during the forecast period. Laryngoscopy is a medical device employed for visualizing and examining the larynx. It plays a crucial role in tracheal intubation for patients requiring ventilator support, consisting of blades, a handle, and a light source. This device facilitates the accurate placement of endotracheal tubes in challenging airways, preventing complications associated with unsuccessful tube placements. For instance, in January 2023, Timesco Healthcare Ltd introduced the Optima View video laryngoscope during Arab Health 2023, with the goal of enhancing visualization, minimizing complications, and improving success rates in tracheal intubation within prehospital settings.
By type, video laryngoscope was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the benefits of video laryngoscopes, an increasing demand for these products among physicians, and the ongoing introduction of new products by major industry players. For instance, in April 2022, OmniVision, a prominent global semiconductor solutions developer, unveiled a novel laryngoscope reference design featuring various OmniVision products specifically designed for single-use video laryngoscopes. Additionally, fiber optic laryngoscope is predicted to grow at the fastest CAGR during the forecast period owing to the surge in awareness regarding the benefits of fiberoptic laryngoscopes among healthcare professionals, rising elderly population, prone to various larynx disorders like vocal folds & glottis issues, and increased demand for noninvasive surgical procedures.
By component, handle was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the increasing emphasis on pioneering products and a rising demand for portable devices. For instance, in September 2023, Verathon Inc., a U.S.-based medical equipment manufacturing company, introduced GlideScope Go 2, the latest innovation in portable video laryngoscopes. Additionally, laryngoscope blades is predicted to grow at the fastest CAGR during the forecast period owing to the increasing research and development efforts supporting advancements in laryngoscope blades, a surge in demand for non-invasive procedures for diagnosing laryngeal diseases, and a growing number of product launches by pharmaceutical companies.
By usability, disposable was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to a significant demand for sterilized diagnostic procedures, heightened awareness of medical conditions, an increasing aging population, and a growing trend in the introduction of single-use products. For instance, in November 2022, PROACT Medical has introduced a novel series of gas sampling lines in conjunction with their latest product line, MetalMax+ Combi 50 Single Patient Use laryngoscopes, in the European market. Additionally, reusable is predicted to grow at the fastest CAGR during the forecast period owing to the cost-effectiveness, continuous technological advancements, increasing research and development activities in the domain of laryngoscopes, and a broad spectrum of product options.
By application, surgical was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to a growing demand for innovative treatment alternatives and a surge in the introduction of advanced devices. For instance, in September 2023, Penlon is delighted to inform that the New Diamond Video Laryngoscope range is now readily accessible. This portable laryngoscope features a high-definition image captured by a camera positioned at the distal end of the blade, offering an expanded field of view in comparison to direct laryngoscopy. Additionally diagnostic is predicted to grow at the fastest CAGR during the forecast period owing to an escalating incidence of respiratory disorders and a growing requirement for the diagnosis of these conditions.
By end-user, ambulatory surgical center was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the expansion of healthcare systems, an increase in the prevalence of respiratory and throat-related diseases, and numerous new product launches aimed at delivering improved care to patients. Additionally, hospitals is predicted to grow at the fastest CAGR during the forecast period owing to the rising need for early disease diagnosis, an increase in the number of patients with respiratory disorders, and a growing acceptance of novel devices. For instance, in July 2022, Zsquare, a prominent creator of high-performance, disposable endoscopes, has received FDA approval to commercially distribute its inaugural product, the Zsquare ENT-Flex Rhinolaryngoscope.
North America region is anticipated for the highest revenue share during the forecast period owing to the ready accessibility of technologically advanced products, a well-established medical infrastructure, a high prevalence of laryngeal diseases, a rise in the utilization of video laryngoscopes for efficient outcomes, and an increase in partnerships and collaborations among market leaders. For instance, in March 2022, Mercury Medical has chosen Andau Medical as the exclusive Canadian distributor for the Airtraq video laryngoscope system through the signing of an Exclusive Agreement. Mercury Medical, the sole distributor of the Airtraq video laryngoscope and camera system in North America, has appointed Andau Medical as their exclusive distribution partner in Canada for the advanced Airtraq video laryngoscope product line. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the heightened investments from major corporations and an increasing trend of market participants introducing new products through partnerships. For instance, in June 2023, Teleflex Incorporated has revealed a collaboration with Shenzhen Insighters Medical Technology Co., Ltd., appointing them as the sole distributor of the Insighters Video Laryngoscope system in the United States. This system is specifically designed for examining the upper glottic airway and assisting with endotracheal intubation.
An escalation in lunch of technologically advanced laryngoscope device is predicted to boost the market growth during the forecast period. Laryngoscopy is a medical device employed for visualizing and examining the larynx. It plays a crucial role in tracheal intubation for patients requiring ventilator support, consisting of blades, a handle, and a light source. This device facilitates the accurate placement of endotracheal tubes in challenging airways, preventing complications associated with unsuccessful tube placements. For instance, in January 2023, Timesco Healthcare Ltd introduced the Optima View video laryngoscope during Arab Health 2023, with the goal of enhancing visualization, minimizing complications, and improving success rates in tracheal intubation within prehospital settings.
By type, video laryngoscope was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the benefits of video laryngoscopes, an increasing demand for these products among physicians, and the ongoing introduction of new products by major industry players. For instance, in April 2022, OmniVision, a prominent global semiconductor solutions developer, unveiled a novel laryngoscope reference design featuring various OmniVision products specifically designed for single-use video laryngoscopes. Additionally, fiber optic laryngoscope is predicted to grow at the fastest CAGR during the forecast period owing to the surge in awareness regarding the benefits of fiberoptic laryngoscopes among healthcare professionals, rising elderly population, prone to various larynx disorders like vocal folds & glottis issues, and increased demand for noninvasive surgical procedures.
By component, handle was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the increasing emphasis on pioneering products and a rising demand for portable devices. For instance, in September 2023, Verathon Inc., a U.S.-based medical equipment manufacturing company, introduced GlideScope Go 2, the latest innovation in portable video laryngoscopes. Additionally, laryngoscope blades is predicted to grow at the fastest CAGR during the forecast period owing to the increasing research and development efforts supporting advancements in laryngoscope blades, a surge in demand for non-invasive procedures for diagnosing laryngeal diseases, and a growing number of product launches by pharmaceutical companies.
By usability, disposable was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to a significant demand for sterilized diagnostic procedures, heightened awareness of medical conditions, an increasing aging population, and a growing trend in the introduction of single-use products. For instance, in November 2022, PROACT Medical has introduced a novel series of gas sampling lines in conjunction with their latest product line, MetalMax+ Combi 50 Single Patient Use laryngoscopes, in the European market. Additionally, reusable is predicted to grow at the fastest CAGR during the forecast period owing to the cost-effectiveness, continuous technological advancements, increasing research and development activities in the domain of laryngoscopes, and a broad spectrum of product options.
By application, surgical was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to a growing demand for innovative treatment alternatives and a surge in the introduction of advanced devices. For instance, in September 2023, Penlon is delighted to inform that the New Diamond Video Laryngoscope range is now readily accessible. This portable laryngoscope features a high-definition image captured by a camera positioned at the distal end of the blade, offering an expanded field of view in comparison to direct laryngoscopy. Additionally diagnostic is predicted to grow at the fastest CAGR during the forecast period owing to an escalating incidence of respiratory disorders and a growing requirement for the diagnosis of these conditions.
By end-user, ambulatory surgical center was the highest revenue-grossing segment in the global laryngoscope market in 2023 owing to the expansion of healthcare systems, an increase in the prevalence of respiratory and throat-related diseases, and numerous new product launches aimed at delivering improved care to patients. Additionally, hospitals is predicted to grow at the fastest CAGR during the forecast period owing to the rising need for early disease diagnosis, an increase in the number of patients with respiratory disorders, and a growing acceptance of novel devices. For instance, in July 2022, Zsquare, a prominent creator of high-performance, disposable endoscopes, has received FDA approval to commercially distribute its inaugural product, the Zsquare ENT-Flex Rhinolaryngoscope.
North America region is anticipated for the highest revenue share during the forecast period owing to the ready accessibility of technologically advanced products, a well-established medical infrastructure, a high prevalence of laryngeal diseases, a rise in the utilization of video laryngoscopes for efficient outcomes, and an increase in partnerships and collaborations among market leaders. For instance, in March 2022, Mercury Medical has chosen Andau Medical as the exclusive Canadian distributor for the Airtraq video laryngoscope system through the signing of an Exclusive Agreement. Mercury Medical, the sole distributor of the Airtraq video laryngoscope and camera system in North America, has appointed Andau Medical as their exclusive distribution partner in Canada for the advanced Airtraq video laryngoscope product line. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the heightened investments from major corporations and an increasing trend of market participants introducing new products through partnerships. For instance, in June 2023, Teleflex Incorporated has revealed a collaboration with Shenzhen Insighters Medical Technology Co., Ltd., appointing them as the sole distributor of the Insighters Video Laryngoscope system in the United States. This system is specifically designed for examining the upper glottic airway and assisting with endotracheal intubation.
Segmentation: Laryngoscope Market Report 2023 - 2034
Laryngoscope Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Mn)
- Video Laryngoscope
- Fiber Optic Laryngoscope
Laryngoscope Market Analysis & Forecast by Component 2023 - 2034 (Revenue USD Mn)
- Handle
- Laryngoscope Blades
- Consumables & Accessories
Laryngoscope Market Analysis & Forecast by Usability 2023 - 2034 (Revenue USD Mn)
- Reusable
- Disposable
Laryngoscope Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Mn)
- Surgical
- Diagnostic
Laryngoscope Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Mn)
- Clinics
- Hospital
- Ambulatory Surgical Centers
- Other
Laryngoscope Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Laryngoscope Market: Type Estimates & Trend Analysis
8. Laryngoscope Market: Component Estimates & Trend Analysis
9. Laryngoscope Market: Usability Estimates & Trend Analysis
10. Laryngoscope Market: Application Estimates & Trend Analysis
11. Laryngoscope Market: End-user Estimates & Trend Analysis
12. Regional Market Analysis
13. North America Laryngoscope Market
14. Europe Global Laryngoscope Market
15. Asia Pacific Global Laryngoscope Market
16. Latin America Global Laryngoscope Market
17. MEA Global Laryngoscope Market
18. Competitor Analysis
19. Company Profiles
Companies Mentioned
- Nihon Kohden
- Medtronic
- BPL Group (Penlon Ltd)
- Ambu A/S
- Olympus Corporation
- Baxter (Hillrom)
- Flexicare Medical Ltd
- Clarus Medical LLC
- Teleflex
- Karl Storz
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 356.2 Million |
| Forecasted Market Value ( USD | $ 962.7 Million |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
