Laryngoscopes Market Size

Laryngoscopes Market Size

Laryngoscopes Market size was valued at over USD 700 million in 2021 and is anticipated to foresee an 8.1% CAGR from 2022 to 2030 owing to the increasing prevalence of larynx or pharyngeal cancer. Increasing preference for video laryngoscopy with availability of advanced devices will offer unprecedented growth opportunities to the industry during the forecast period.

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Laryngoscopy allows detection of cancer cells by the analysis of small tissues from the affected area. Thus, increasing number of new cancer cases will ultimately boost the demand for laryngoscopes across the globe. Further, product development offering advanced visualization abilities will enhance the market growth potential. It will stimulate the product demand across the healthcare facilities.

The COVID-19 outbreak has positively impacted the adoption of laryngoscopes during the period. The use of laryngoscopy was suggested by the healthcare professionals for airway management associated with COVID-19 infection. Thus, the upsurge in number of cases benefited the business revenue growth of the industry players. Moreover, the researchers are conducting studies to determine the potential of laryngoscopes in critically ill patients. Thus, the significantly growing COVID-19 cases, worldwide have influenced the demand for laryngoscopes.

Laryngoscopes are medical devices used for visual examination of vocal cords or larynx for detection of abnormalities or infection. These are being increasingly used for diagnosis and treatment of throat disorders. Laryngoscopy can be indirect or direct depending on visualization technique. Various types of laryngoscopes are currently marketed including fiber optic, video and conventional.