Laryngoscopes Market - Recent Developments in the Market's Competitive Landscape

Direct laryngoscope intubation failure can result in severe conditions such as tooth damage, laryngeal spasm, dysrhythmias, bronchospasm, brain injury, and cardiac arrest. It is expected that in the coming years, these developments will create robust headways for growth in the global laryngoscopes market. Over recent years, a steady rise in these diseases has propelled the adoption of modern laryngoscopes with imaging capabilities, among healthcare experts. Laryngoscopy has also found application in cancer diagnostics as it enables the detection of cancer cells by analysing the small tissues from affected areas. With growing cases of cancer, demand for laryngoscopy is thus set to augment. Moreover, given the exponential rise in the occurrence of these conditions, leaders and healthcare specialists are enhancing RD efforts around laryngoscopes.

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Growing Incidence of Respiratory Disorders to Spur Demand in Laryngoscopes Market

The rising prevalence of respiratory disorders is driving the demand for laryngoscopes. According to the World Health Organization (WHO), approximately 3 million people die each year from lung-related illnesses. The worsening air pollution and increase in the number of cigarette smokers have largely contributed to the growing incidence of respiratory disorders. Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, pulmonary fibrosis, and pneumonia are bolstering the demand for laryngoscopes. People suffering from these diseases often experience airway complications which require immediate treatment. As a result of this, airway management products such as laryngoscopes have gained significant prominence. Against such a business landscape, the laryngoscopes market is projected to witness robust expansion over the forecasted period.

Promising Product Advancements to Unlock New Business Prospects for Laryngoscopes Market

At present, there are numerous kinds of laryngoscopes present in the market including fibre optic, video, and conventional. Going forward, the ongoing product advancements are expected to boost the growth of the laryngoscopes market. These sophisticated products with enhanced visualisation capabilities are anticipated to increase patient safety and generate better outcomes. Apart from that, such laryngoscopes have also been proven to be more efficient than laryngoscopes with cart-based display technologies. Additionally, the increased adoption of entirely disposable devices is emerging as a notable growth prospect. During the study period, such a favourable scenario is poised to unfurl novel business outcomes in the global laryngoscopes market.

North America Maintains Lead in Laryngoscopes Market with Increase in Respiratory Diseases

The growing cases of respiratory conditions both in adults and children alike, are enabling North America to gain a competitive edge in the global laryngoscopes market. Moreover, the stringent practice standards coupled with favourable government efforts are also providing impetus to regional market growth. All this is expected to sustain North America’s lead as the most significant laryngoscopes market. Whereas, Asia Pacific is predicted to expand at the fastest rate owing to rising air pollution and a surge in the number of infections in hospitals.

Prominent Market Players

Some of the major players in the global laryngoscopes market include Nihon Kohden, Teleflex Incorporated, Penlon Ltd, Hillstrom, Medtronic, Olympus Corporation, Flexicare Medical Ltd., Karl Storz, Rudolf Riester GmbH, Ambu A/S, Fujifilm, and Clarus Medical.

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