Laryngoscope Market Size

Laryngoscopes Market Analysis

The Laryngoscope Market is expected to register a CAGR of 9.4% over the forecast period.

The COVID-19 pandemic initially had a moderate impact on the laryngoscope market. The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decline in the number of patients visiting for non-emergency cases. However, COVID-19 primarily affected the respiratory system, leading to an immediate demand for respiratory and vascular access products, including laryngoscopes. Furthermore, several guidelines and reviews, including those from the UK Difficult Airway Society, the Association of Anaesthetists, the Intensive Care Society, and the Royal College of Anaesthetists, have recommended tracheal intubation with a video laryngoscope in preference to a direct laryngoscope for patients with suspected or confirmed COVID-19 who require intubation. Furthermore, the European Resuscitation Council COVID-19 Guidelines for Advanced Life Support in Adults also mentioned in their guidelines recommending video laryngoscopes. These recommendations led to a higher demand for laryngoscopes. Moreover, several international bodies supported healthcare facilities in strengthening the clinical management response for caring for people with severe COVID-19 infection who need intubation. For instance, in January 2021, the PAHO and WHO donated a video laryngoscope to the Karl Heusner Memorial Hospital Authority (KHMHA). Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market gained significant traction due to the increased use of laryngoscopes globally.

Further, the increasing prevalence of laryngeal disease and the rise in the use of laryngoscopes in airway management are among the major factors driving the growth of the market studied. In addition, the high rate of smokers among the population and the increasing incidences of laryngeal cancer are also leading to a higher prevalence of the laryngeal disease. Such factors will likely boost the demand for laryngoscopy, thereby contributing to the market's growth.

Some common laryngeal diseases include laryngitis, vocal nodules, vocal polyps, Reinke's edema, and epiglottic cyst, among others. In addition, it has been observed that the prevalence of laryngeal disease is higher in males. Moreover, the American Cancer Society estimates that in 2022, there will be about 12,470 new cases of laryngeal cancer (9,820 in men and 2,650 in women) in the United States. Laryngoscopy takes biopsy samples of the vocal cords or nearby parts of the throat to detect cancer further. Thus, the increasing prevalence of the laryngeal disease is poised to accelerate the laryngoscope market globally and is expected to increase in the future, thereby driving the growth of the market studied over the forecast period.

In addition, new product launches and strategic activities by major players in the market are positively affecting the growth of the market studied. For instance, in May 2021, Penlon Limited launched a new and improved range of laryngoscope blades and handles for use in the MRI suite. Thus, due to the product launches and strategic activities, the market studied is expected to grow significantly over the forecast period.

Therefore, owing to the abovementioned factors, it is anticipated that the market studied will witness growth over the forecast period. However, the injuries associated with the use of laryngoscopes are likely to impede the market's growth.