Global Laryngoscopes Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 180 Pages
Laryngoscopes Market Overview
The global laryngoscopes market size was valued US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Laryngoscopy is the medical test of the larynx, a part of the throat. It gives a view of the vocal folds and glottis.
Laryngoscopes Market Dynamics
The growing prevalence of laryngeal cancer is expected to drive the growth of the market.
Infections and chronic respiratory diseases are some of the key reasons to boost laryngoscope market growth. Laryngeal cancer is head and neck cancer that occurs when abnormal (malignant) cells form in the larynx, for instance, according to the article published on 27 January 2020. In 2018, there were 81,806 male deaths and 12,965 female deaths worldwide from larynx cancer. Moreover, in 2020, in the United States, there were 12,370 new cases and 3,750 deaths from laryngeal cancer. Thus, from the above factors increasing prevalence of laryngeal cancer increased the demand for laryngoscopes and contributed to market growth.
The increasing launches of technological advancements in laryngoscopes are expected to drive the market's growth.
According to the article, in 2019. Manufacturers are concentrating on introducing advanced laryngoscopes to support therapists in simplifying their diagnostic or interventional procedures. They have 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. A lighter and slimmer laryngoscope provides greater visualization of key anatomy to physicians and therapists.
Thus, as per physician's demand, the launch of technologically advanced laryngoscopes is one of the major factors accountable for strong competition among market players.
Lack of skilled operators associated with the high cost of the video laryngoscopes is expected to hamper the market's growth.
According to the Indian Journal of Anesthesia, in 2020. Several video laryngoscopes (VLs) have flooded the Indian market. According to the All India Difficult Airway Association 2016 guidelines, all anesthesiologists should have access to a VL and must be trained to use it. Moreover, they have conducted an electronic survey to know the opinion of Indian anaesthesiologists, who are members of the Indian Society of Anaesthesiologists (Karnataka State Chapter), towards the role of VL in the management of difficult airway (DA) and factors governing their use. The survey was open for two months and responses analyzed. The response rate was 25.8% (666 out of 2580), and total of 280 (42%) respondents had access to VL.
Additionally, the respondents rated VL as the 4th preference for anticipated DA and 1st for unanticipated DA (if available). As per133 respondents (20%), access to VL in institutes is confined only to specialists and the main reason being cost. The clarity of the image was the most important part the respondents expected in a VL. Therefore the high cost of the device and steep learning curve are still barriers against its widespread use. Thus, the above factors are expected to hamper the growth of the market.
COVID-19 Impact Analysis
The COVID-19 pandemic has caused overwhelming challenges in healthcare worldwide. The pandemic is leaving a notable impact on the medical device industry, including the laryngoscopes market. Moreover, 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 human resources has emerged as a major cause of concern. Besides, the disruption in the supply chain and fluctuations in currencies are triggering the situation. However, FMI foresees some promising growth opportunities that will help the market recover during the forecast period.
Laryngoscopes Market Segment Analysis
Video Laryngoscopes segment is expected to hold the largest market share in this market segment.
The video laryngoscopy segment held the largest market share in 2020. The segment benefited due to its immense popularity due to consistent advancements and superior services offered by players. Moreover, according to the article published by the magazine on April 8, 2021.
Video laryngoscopes have increased during the pandemic to protect anesthesia providers from potentially aerosolized COVID-19 during intubations. Before that, they were frequently employed in difficult airway situations, where they have become valuable.
Additionally, video laryngoscope is accepted in all intensive care units (ICU), pre-hospital, and emergency departments due to its ease of operation. It gives a faster treatment than standard laryngoscope for respiratory airway management, increasing its demand. Also, the tremendous success rate of video laryngoscopy for tracheal intubation is aiding the market growth in the forecast period.
Direct Laryngoscope segment is expected to hold the largest market share in this market segment.
The direct laryngoscope segment held the largest market share in 2020. According to the Europe PMC, in 2018. The segment is benefited due to proper visualization of the larynx. It is used during general anesthesia, surgical procedures around the larynx, and resuscitation. Moreover, this tool is useful in multiple hospital settings, from the emergency department to the intensive care unit and the operating room. By visualizing the larynx, endotracheal intubation is facilitated. It is an important step for a range of patients who cannot secure their airway, including those with altered mental status and those undergoing a surgical procedure. Thus, from the above statements, the market holds the largest market share and is expected to boost in the forecast period.
Laryngoscopes Market Geographical Analysis
North America region holds the largest market share in the global Laryngoscopes Market.
North America dominated the market with a revenue share in 2020. The growth is attributed to the rising cases of ENT disorders among the geriatric population. For instance, according to the American Academy of Otolaryngology, on May 27, 2021. Otologic and hearing complaints are the most common reasons that the elderly present to an otolaryngologist. While eustachian tube dysfunction (ETD) is a difficult disease to treat in the general population due to a lack of efficacious interventions, it is even more difficult to treat in the geriatric population. There is a break in the literature regarding evaluating and managing geriatric patients who present with ETD. A recent publication by Fischer et al. showed that the prevalence of ETD among the elderly was 5.4%. This number was even higher in patients diagnosed with upper airway digestive tract cancer at 9.1%. They also noted that patients with a diagnosis of ETD were four to five times more likely to diagnose chronic rhinitis, chronic rhinosinusitis, and allergic sinusitis. They were 2.4 times more likely to be diagnosed with reflux.
Additionally, well-established healthcare organizations and government initiatives are promoting the adoption of video laryngoscopes in surgeries. Furthermore, in 2020, the U.S. recorded an increase in the prevalence of laryngeal cancer, which has resulted in the North American laryngoscope market growth. The advent of robot-assisted video laryngoscopes is one of the key trends reshaping the laryngoscope market in North America.
Laryngoscopes Market Competitive Landscape
The laryngoscopes market is vast with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include KARL STORZ GmbH & Co., Flexicare Medical , NOVAMED USA, Penlon Limited, Ambu A/S, Rudolf Riester GmbH, Medtronic plc., Clarus Medical LLC, Propper Manufacturing Co. Inc., Teleflex Incorporated, and Verathon Inc. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the laryngoscopes market globally.
Laryngoscopes Market Key Companies to Watch
Ambu A/S was founded in Denmark in 1937 as Testa Laboratorium by German engineer Holger Hesse; it is a Danish company that develops, produces, and runs single-use endoscopy solutions, diagnostic and life-supporting equipment to hospitals, private practices, and rescue services.
Moreover, the most significant business areas are Anesthesia, Cardiology, Neurology, Pulmonology, Urology, and Gastroenterology. In addition, the company's most important products are ventilation products for artificial respiration, single-use endoscopes, and single-use electrodes for ECG tests and neurophysiological mappings.
Ambu A/S has continuously set new standards for continuous manufacturing of single-use endoscopy solutions, diagnostic and life-supporting equipment, video laryngoscopes. For instance, King Vision™ aBlade Video Laryngoscope.
The global laryngoscopes market report would provide an access to an approx.58 market data table, 50 figures and 200pages.
Global Laryngoscopes Market - By Type
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Global Laryngoscopes Market - By Region
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