Laryngoscopes Market

2020 Analysis and Review: Laryngoscopes Market by Usability - Reusable and Disposable for 2020-2030

About the Report

Laryngoscopes sales are surging, a trend gaining impetus from the rising demand for minimally invasive procedures. While growth is likely to be hampered in the near-term assessment period, as the market struggles to cope with the impact of COVID-19, it is expected to recover soon.

FMI’s report on the laryngoscopes market uncovers hidden growth opportunities. It explains in detail key factors enabling growth across North America, Europe, East and South Asia, and other regions. The report also gauges existing growth prospects for the market across a plethora of segments.

Introduction

Driven by the increasing demand for minimally-invasive devices for laryngeal disease such as vocal cords or throat tumor treatment, the global laryngoscopes market is exhibiting significant growth.

These procedures enable reductions in healthcare-related costs since they ensure shorter hospital stays. Thus, governments across the globe are encouraging the adoption of non-invasive and minimally invasive procedures as a part of their plans for  value-based healthcare. Furthermore, manufacturers are focusing on the production of technologically advanced multifunctional laryngoscopes. This has also led to an increase in research and development (R&D) activities and is expected to aid in the expansion of the laryngoscope market size.

Besides these factors, players are increasing their investment in low-cost development of new generation products. Additionally, the growing adoption of video laryngoscopes and development of disposable blade laryngoscopes to avoid cross contamination issues are the key trends projected to boost the market through the assessment period. According a laryngoscope market research by Future Market Insights (FMI), the global laryngoscopes market is anticipated to exhibit a CAGR of over 5.0 % between 2020 and 2030.

Growing Popularity of Video Laryngoscopes

Video laryngoscopy is gaining immense popularity due to consistent advancements and superior services offered by players. Due to its ease in operation, ideo laryngoscope is accepted almost in all intensive care units (ICU), pre-hospital, and emergency departments. It gives a faster treatment in comparison to standard laryngoscope for respiratory airway management which is augmenting its demand. Also, the higher success rate of video laryngoscopy for tracheal intubation is aiding the market growth.

Advent of New Generation Laryngoscopes Stimulating Growth

The launch of technologically advanced laryngoscopes as per physicians' demand is one of the major factors accountable for strong competition among market players. Manufacturers are now concentrating to introduce advanced laryngoscopes to support therapists in simplifying their diagnostic or interventional procedures. This also has enabled leading players to increase focus on R&D practices and collaborations with other companies. For instance, in September 2019 Olympus launched a new generation video Rhino-laryngoscopes. This is a lighter and slimmer laryngoscope that provides greater visualization of key anatomy to the physicians and therapists.

Since the market is restricted by the high cost of laryngoscopes, players also are focusing on introducing low-cost products. This is forecast to create lucrative opportunities for growth.

COVID-19 Results in Reduced Growth

The COVID-19 pandemic continues to unfold every day, affecting the population and corporations across the globe. The pandemic is leaving significant impact on the medical device industry including the laryngoscopes market. Several international manufacturing businesses have either shut down due to decelerating demand or are operating with significant restrictions imposed by governments to contain the spread of the virus.

The shortage of manpower too has emerged as a major cause of concern. Besides, the disruption in supply chain and fluctuations in currencies are triggering the situation.  However, FMI foresees some promising growth opportunities in the future which will help the market to recover during the forecast period.

Key Challenges

Despite its effectiveness, the high cost of video laryngoscopes is hampering the growth of the market. This is restricting their adoption. Besides cost, the lack of skilled operators is another constraint for the growth of the market. Furthermore, side effects posed by laryngoscopes and soft tissue injury caused are the major challenges for the market.

Region-wise Analysis

North America Laryngoscopes Market

North America is the most attractive market for laryngoscopes. Growth witnessed in the region is attributable to the rising cases of ENT disorders among geriatric population the presence of well-established healthcare organizations, and government initiatives encouraging the adoption of video laryngoscopes in surgeries. Moreover, in 2020, the U.S. recorded an increase in prevalence of laryngeal cancer, which has resulted into the North America laryngoscope market growth. The advent of robot-assisted video laryngoscope is one of the key trends reshaping the laryngoscope market in North America

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Europe Laryngoscopes Market

Europe is a lucrative market for laryngoscopes. Growth registered in the region is attributable primarily to the rising number of healthcare initiatives undertaken by governments. For instance, the Health Program, a funding initiative that supports cooperation among European Union (EU) countries and underpins and develops EU health activities. Such initiatives are likely to pose a positive impact on the market in Europe.

Furthermore, commissions such as the European Platform Against Poverty are designed to boost efforts on health promotion and prevention with a focus on reducing health inequality. They further support EU countries and stakeholders to distinguish what works best and how to put it into practice. The laryngoscopes market in Europe is gaining significantly from such commissions and consistent efforts towards the advancement of healthcare in the region.

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East Asia Laryngoscopes Market

The market in East Asia is anticipated to grow rapidly during the forecast period. Growth witnessed is attributable to rising demand from emerging economies owing to increasing government support towards the promotion of minimally-invasive devices in East Asia. Furthermore, growth of existing hospitals in terms of facilities and dimensions, and the establishment of new hospitals at a rapid rate are impelling the growth of the market.

For instance, in China, from 2010 to 2016, the total number of hospitals increased. In addition, revenue in China's hospitals also increased by 163% between 2010 and 2016. Such increments in the healthcare sector supported by consistent up-gradation in laryngoscopes are projected to augment the growth for the laryngoscopes market in East Asia.

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Category-wise Insights

Reusable Leads by Usability

Based on usability, the reusable segment accounts for lions' share of the market. The entire cost life cycle of disposable laryngoscopes indicates that they do not achieve the planned impact of decreasing cost which is achieved by the reusable laryngoscope.

This is driving the growth of reusable laryngoscopes. Furthermore, Growing demand for minimally-invasive and non-invasive surgeries for laryngeal disease diagnosis is anticipated to stimulate the laryngoscopes market growth.

Hospitals Remain Dominant End User

Based on end user, the hospitals segment is forecast to remain dominant during the forecast period. The increasing focus of emerging and emerged economies on healthcare is leading to an increase in the number of hospitals and the expansion of established ones. This is posing a positive impact on the market and in turn augmenting demand.

Flexible Laryngoscopes Emerges Lead

Based on product type, the flexible laryngoscopes segment is anticipated to emerge as lead in the market. According to FMI, the rigid video laryngoscopes and flexible laryngoscopes segments accounted for nearly an equal market value of the global laryngoscopes market in 2019. In the flexible laryngoscopes segment, the fiber laryngoscopes sub-segment is expected to witness higher demand.

Competitive Landscape

The laryngoscopes market is fragmented with the presence of several international and regional players. Key market players of the laryngoscopes market are focusing on strategic collaboration and partnerships with several other companies to expand their product portfolio.

In order to develop next-generation and cost-effective products such as fiberoptic laryngoscope, integrated channel laryngoscopes, and anesthesia video laryngoscope, manufacturers are increasingly practicing R&D activities. New players are trying to differentiate themselves to sustain in this competitive market. Besides this, market players are focusing on growth opportunities in the high potential countries.

Additionally, growing demand for laryngoscopes in interventional procedures is attracting market leaders to increase their production and expand their businesses by strategic mergers and acquisitions. For instance, in January 2018, Dilon Technologies, a global leader in designing, and manufacturing innovative medical imaging solutions, acquired the CoPilot VL video laryngoscope.

This acquisition helped Dilon Technologies expand its presence into the anesthesia and airway field.

Some of the key players operating in the market include

  • 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.
  • Medtronic
  • Venner Medical (Germany) GmbH

The list is only indicative – a full list of laryngoscopes market key players is available upon request

Global Laryngoscopes Market Report: Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Growth Rate (2020-2030)

Over 5% CAGR

Market Analysis

US$ Mn for Market Value and Units for Market Volume

Key Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa

Key Segments Covered

Product Type, Usability, End User

Key Companies Profiled

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., Medtronic,  Venner Medical (Germany) GmbH

Report Coverage

Market Forecast, Competitive Landscape, Region-wise and Category-wise Insights, COVID-19 Impacts, Key Trends, Key Challenges

Customization & Pricing

Available upon Request.

Key Questions Answered by the Report

  • At what rate the global laryngoscopes market is forecast to grow?

    According to FMI, the global market is expected to rise over 5% CAGR between 2020 and 2030.

  • Which are the lucrative markets for Laryngoscopes?

    North America holds lion’s share of the market. Europe and East Asia account for a sizeable share of global market and holds dominance backed by surging demand and production in their strong markets.

  • Which are the top companies in the laryngoscopes market?

    Some of the leading companies operating in the Laryngoscopes market are 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., Medtronic,  and Venner Medical (Germany) GmbH among others.

  • What is the outlook on the market?

    Due to COVID-19, manufacturing activities of the global market were affected owing to the restrictions imposed by governments. But, FMI foresees recovery attributable to the rising demand for minimally-invasive devices for laryngeal diseases.

  • What are the key challenges witnessed in the laryngoscopes market?

    High cost of laryngoscopes, the lack of skilled operators, side effects posed by laryngoscopes and soft tissue injury caused are the major challenges for the market.

  • What are key trends driving the laryngoscopes market?

    The market will observe upsurge in demand for laryngoscopes attributable primarily to the increasing prevalence of video laryngoscopes, promotion of minimally-invasive devices for laryngeal diseases by governments, and consistent improvements by manufacturers.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the report on the global laryngoscopes market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

  • Is a sample of this report available for evaluation?

    Yes, you can request a sample and it will be sent to you through an email.

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Key Segments

Product Type

  • Rigid Laryngoscopes
  • Flexible Laryngoscopes
    • Video Laryngoscopes
    • Fiber Laryngoscopes

End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Specialty Clinics

Usability

  • Reusable
  • Disposable

Regional Outlook

  • North America – U.S. and Canada
  • Latin America – Brazil, Mexico, Argentina and rest of Latin America
  • Europe – Germany, France, Italy, UK, Spain, Russia, and rest of Europe
  • South Asia – India, Thailand, Indonesia, Malaysia, and rest of South Asia 
  • East Asia – China, Japan, and South Korea
  • Oceania – Australia and New Zealand
  • Middle East & Africa - GCC counties, Northern Africa, South Africa, Turkey and rest of Middle East And Africa

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