Laryngoscope Handle Market Drivers and Opportunities [2021-2031]
The Laryngoscope Handle Market is expected to register a CAGR of 9.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Laryngoscope Handle Market By Product Type (Conventional Laryngoscope Handles, Green System Laryngoscope Handles); End User (Hospitals, Clinics, Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Laryngoscope Handle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Laryngoscope Handle Market Segmentation
Product Type- Conventional Laryngoscope Handles
- Green System Laryngoscope Handles
- Hospitals
- Clinics
- Others
Strategic Insights
Laryngoscope Handle Market Growth Drivers- Rising Prevalence of Respiratory Infections: According to the National Institutes of Health, the prevalence of acute respiratory infection (ARI) was highest in age group 0-12 months (63.2%), followed by 25-60 months (59.5%), and was comparatively lower in 13-24 months age group (52.6%). Higher proportions of boys (62.9%) were reported to have ARI as compared with girls (55.1%).
- Rising Prevalence of Laryngeal Infections: A key driver of market expansion is the increased prevalence of infections, chronic respiratory conditions, and laryngeal malignancies. One such example is the significant lifelong risk of laryngeal cancer, especially in men. This tendency calls for better instruments for diagnosis and therapy, such as sophisticated laryngoscopes.
- Regional Growth: The market is now dominated by North America (as of 2023 and 2024) because of the region's well-established healthcare system and high rate of respiratory illnesses. However, because of growing healthcare spending and awareness of cutting-edge medical technologies, regions such as Asia-Pacific are predicted to see significant increase.
- Emergency Medicine Applications: The demand for laryngoscopes is driven by the necessity for rapid airway access in emergency settings. Effective airway management technologies become critical as the number of trauma cases requiring immediate response in emergency departments rises. Such a factor is expected to aid the overall market growth in the coming years.
- Increasing demand for disposable laryngoscopes: The development of single-use or disposable laryngoscopes allays worries about the potential for infection and cross-contamination with reusable equipment. This development is especially pertinent now that infection control in hospital settings is a growing concern.Such a factor is expected to aid the overall market growth in the coming years.
- Increasing Cases of Surgical Procedures : An growth in surgeries performed by doctors in a variety of specializations is one of the main factors driving laryngoscope demand. There is an increasing need for dependable and efficient laryngoscopic handles due to the increasing number of procedures that include airway management.
- Technology advancements: Emerging trends that increase process efficiency and safety include robotic-assisted laryngoscopy. With more precision and improved access to the larynx made possible by these developments, there is a greater need for advanced laryngoscopic instruments. Such a factor is expected to propel the overal market growth during the forecast period.
- Increasing Healthcare Spending: Global increases in healthcare spending have prompted higher investments in cutting-edge medical equipment, such as laryngoscopes. Both flexible and rigid laryngoscopes are anticipated to become more in demand as medical facilities modernize their equipment to improve patient outcomes. The healthcare investments and demand for laryngoscope goes hand-in-hand.
- Advanced Visualization Options: Video laryngoscopes are replacing more conventional devices because of their better viewing capabilities. With the use of video laryngoscopes, it is possible to see the airway structures more clearly, which increases the success rate of intubations and lowers procedural difficulties. This technology breakthrough is very helpful in emergency and critical care situations.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laryngoscope Handle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Laryngoscope Handle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Technological advancements is expected to propel the market growth in future years
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
Asia Pacific region is expected to witness the highest growth during the forecast period
Rising prevalence of laryngeal diseases
The Laryngoscope Handle Market is estimated to witness a CAGR of 9.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laryngoscope Handle Market - By Product Type
1.3.2 Laryngoscope Handle Market - By End User
1.3.3 Laryngoscope Handle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LARYNGOSCOPE HANDLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LARYNGOSCOPE HANDLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LARYNGOSCOPE HANDLE MARKET - GLOBAL MARKET ANALYSIS
6.1. LARYNGOSCOPE HANDLE - GLOBAL MARKET OVERVIEW
6.2. LARYNGOSCOPE HANDLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LARYNGOSCOPE HANDLE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL LARYNGOSCOPE HANDLES
7.3.1. Overview
7.3.2. Conventional Laryngoscope Handles Market Forecast and Analysis
7.4. GREEN SYSTEM LARYNGOSCOPE HANDLES
7.4.1. Overview
7.4.2. Green System Laryngoscope Handles Market Forecast and Analysis
8. LARYNGOSCOPE HANDLE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LARYNGOSCOPE HANDLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Laryngoscope Handle Market Overview
9.1.2 North America Laryngoscope Handle Market Forecasts and Analysis
9.1.3 North America Laryngoscope Handle Market Forecasts and Analysis - By Product Type
9.1.4 North America Laryngoscope Handle Market Forecasts and Analysis - By End User
9.1.5 North America Laryngoscope Handle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Laryngoscope Handle Market
9.1.5.1.1 United States Laryngoscope Handle Market by Product Type
9.1.5.1.2 United States Laryngoscope Handle Market by End User
9.1.5.2 Canada Laryngoscope Handle Market
9.1.5.2.1 Canada Laryngoscope Handle Market by Product Type
9.1.5.2.2 Canada Laryngoscope Handle Market by End User
9.1.5.3 Mexico Laryngoscope Handle Market
9.1.5.3.1 Mexico Laryngoscope Handle Market by Product Type
9.1.5.3.2 Mexico Laryngoscope Handle Market by End User
9.2. EUROPE
9.2.1 Europe Laryngoscope Handle Market Overview
9.2.2 Europe Laryngoscope Handle Market Forecasts and Analysis
9.2.3 Europe Laryngoscope Handle Market Forecasts and Analysis - By Product Type
9.2.4 Europe Laryngoscope Handle Market Forecasts and Analysis - By End User
9.2.5 Europe Laryngoscope Handle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Laryngoscope Handle Market
9.2.5.1.1 Germany Laryngoscope Handle Market by Product Type
9.2.5.1.2 Germany Laryngoscope Handle Market by End User
9.2.5.2 France Laryngoscope Handle Market
9.2.5.2.1 France Laryngoscope Handle Market by Product Type
9.2.5.2.2 France Laryngoscope Handle Market by End User
9.2.5.3 Italy Laryngoscope Handle Market
9.2.5.3.1 Italy Laryngoscope Handle Market by Product Type
9.2.5.3.2 Italy Laryngoscope Handle Market by End User
9.2.5.4 Spain Laryngoscope Handle Market
9.2.5.4.1 Spain Laryngoscope Handle Market by Product Type
9.2.5.4.2 Spain Laryngoscope Handle Market by End User
9.2.5.5 United Kingdom Laryngoscope Handle Market
9.2.5.5.1 United Kingdom Laryngoscope Handle Market by Product Type
9.2.5.5.2 United Kingdom Laryngoscope Handle Market by End User
9.2.5.6 Rest of Europe Laryngoscope Handle Market
9.2.5.6.1 Rest of Europe Laryngoscope Handle Market by Product Type
9.2.5.6.2 Rest of Europe Laryngoscope Handle Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Laryngoscope Handle Market Overview
9.3.2 Asia-Pacific Laryngoscope Handle Market Forecasts and Analysis
9.3.3 Asia-Pacific Laryngoscope Handle Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Laryngoscope Handle Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Laryngoscope Handle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Laryngoscope Handle Market
9.3.5.1.1 Australia Laryngoscope Handle Market by Product Type
9.3.5.1.2 Australia Laryngoscope Handle Market by End User
9.3.5.2 China Laryngoscope Handle Market
9.3.5.2.1 China Laryngoscope Handle Market by Product Type
9.3.5.2.2 China Laryngoscope Handle Market by End User
9.3.5.3 India Laryngoscope Handle Market
9.3.5.3.1 India Laryngoscope Handle Market by Product Type
9.3.5.3.2 India Laryngoscope Handle Market by End User
9.3.5.4 Japan Laryngoscope Handle Market
9.3.5.4.1 Japan Laryngoscope Handle Market by Product Type
9.3.5.4.2 Japan Laryngoscope Handle Market by End User
9.3.5.5 South Korea Laryngoscope Handle Market
9.3.5.5.1 South Korea Laryngoscope Handle Market by Product Type
9.3.5.5.2 South Korea Laryngoscope Handle Market by End User
9.3.5.6 Rest of Asia-Pacific Laryngoscope Handle Market
9.3.5.6.1 Rest of Asia-Pacific Laryngoscope Handle Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Laryngoscope Handle Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Laryngoscope Handle Market Overview
9.4.2 Middle East and Africa Laryngoscope Handle Market Forecasts and Analysis
9.4.3 Middle East and Africa Laryngoscope Handle Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Laryngoscope Handle Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Laryngoscope Handle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Laryngoscope Handle Market
9.4.5.1.1 South Africa Laryngoscope Handle Market by Product Type
9.4.5.1.2 South Africa Laryngoscope Handle Market by End User
9.4.5.2 Saudi Arabia Laryngoscope Handle Market
9.4.5.2.1 Saudi Arabia Laryngoscope Handle Market by Product Type
9.4.5.2.2 Saudi Arabia Laryngoscope Handle Market by End User
9.4.5.3 U.A.E Laryngoscope Handle Market
9.4.5.3.1 U.A.E Laryngoscope Handle Market by Product Type
9.4.5.3.2 U.A.E Laryngoscope Handle Market by End User
9.4.5.4 Rest of Middle East and Africa Laryngoscope Handle Market
9.4.5.4.1 Rest of Middle East and Africa Laryngoscope Handle Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Laryngoscope Handle Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Laryngoscope Handle Market Overview
9.5.2 South and Central America Laryngoscope Handle Market Forecasts and Analysis
9.5.3 South and Central America Laryngoscope Handle Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Laryngoscope Handle Market Forecasts and Analysis - By End User
9.5.5 South and Central America Laryngoscope Handle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Laryngoscope Handle Market
9.5.5.1.1 Brazil Laryngoscope Handle Market by Product Type
9.5.5.1.2 Brazil Laryngoscope Handle Market by End User
9.5.5.2 Argentina Laryngoscope Handle Market
9.5.5.2.1 Argentina Laryngoscope Handle Market by Product Type
9.5.5.2.2 Argentina Laryngoscope Handle Market by End User
9.5.5.3 Rest of South and Central America Laryngoscope Handle Market
9.5.5.3.1 Rest of South and Central America Laryngoscope Handle Market by Product Type
9.5.5.3.2 Rest of South and Central America Laryngoscope Handle Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LARYNGOSCOPE HANDLE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. LARYNGOSCOPE HANDLE MARKET, KEY COMPANY PROFILES
12.1. BOUND TREE MEDICAL
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. TELEFLEX, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KARL STORZ GMBH
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. TIMESCO
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TRUPHATEK
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MEDTRONIC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GENERAL ELECTRIC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SMITHS MEDICAL
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. VYGON SA
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. OCCULUS INNOVATIVE SCIENCES, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Bound Tree Medical
2. Teleflex, Inc.
3. KARL STORZ GmbH
4. Timesco
5. TRUPHATEK
6. Medtronic
7. General Electric
8. Smiths Medical
9. Vygon SA
10. Oculus Innovative Sciences, Inc.
11. Ambu A/S
12. Intersurgical Ltd.
13. CareFusion Corporation
14. Draegerwerk AG and Co.
15. Armstrong Medical
16. HERSILL
17. Haymed
18. American Diagnostic
19. Invotech Excel
20. Transact International
21. Truphatec International
22. KaWe
23. Flexicare Medical
24. FARUM
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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