Video Laryngoscope Market Research, 2031
The global video laryngoscope market was valued at $123.9 million in 2021, and is projected to reach $204.6 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031. Video laryngoscope refers to an instrument with a video camera attached with a blade tip that provides a clear image of the larynx. A monitor displays the video data while illuminating the larynx. Video laryngoscopy procedure examines the vocal cords, throat, and other laryngeal anatomical aspects. During a laryngoscopy, a strobe light is utilized to offer the physician a clearer view of glottis and information about the voice box. Tissue removal typically happens after an anesthetic is given.
The market is expanding as respiratory diseases are becoming more common. Due to rapid rise in incidence of respiratory diseases, video laryngoscopy is becoming more and more common globally. The need for video laryngoscopes is anticipated to increase as robot-assisted intubation becomes more popular. Manufacturers have created cutting-edge solutions as a result of advancements in intubation that give medical personnel additional support and precision. By relieving the burden on anesthesiologists and enhancing all aspects of patient care, robot-assisted technologies contribute to the automation of anesthetic treatment. Robotics are being investigated by numerous manufacturers and researchers for usage in a variety of laryngoscopy techniques.
In addition, open/invasive surgeries are less desired than minimally invasive ones, the need for minimally invasive laryngoscopic technologies is anticipated to rise in the future years. Higher patient satisfaction, financial viability, a comparatively shorter hospital stay, and fewer postoperative problems are further factors that have contributed to the shift toward minimally invasive surgeries. Video laryngoscope is anticipated to fuel market expansion due to its reduced surgical risks and quicker recovery time. In addition, laryngoscopy is a relatively safe procedure. Thus, less surgical complications and less time required for recovery boost the video laryngoscope market growth.
Furthermore, global manufacturers of video laryngoscopes are increasing their production units in developing nations. Unmet medical facilities and rise in demand in developing economies are the factors which drives the video laryngoscope market opportunity. However, the dearth of qualified medical professionals, certified experts, and laryngoscopists, particularly in developing and underdeveloped countries, restrains the video laryngoscope industry growth.
Impact of COVID-19
The COVID-19 pandemic is predicted to have a positive impact on the growth of the global video laryngoscope market. During the pandemic, technique for visualizing the endotracheal pathway became more and more popular among healthcare workers due to enhanced visualizations that enable intubation and prevent direct contact between patient and healthcare practitioner. Emergency rooms and intensive care units look at ways to assist patients who are experiencing respiratory distress while lowering the risk of cross-infection.
Video Laryngoscope Market Segmentation
The global video laryngoscope market is segmented on the basis of type, usability, end users, and region. On the basis of type, the market is categorized into rigid and flexible. By usability, it is divided into reusable and disposable. By end users, it is segmented into hospitals, clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
Segment Review
By type, the video laryngoscope market size is segmented into rigid and flexible. The rigid segment generated maximum revenue in 2021, owing to increasing product development and spending by market participants. The flexible segment is expected to witness highest CAGR during the forecast period, owing to its benefits over rigid ones. It gives the user the ability to see biopsy tissue, anomalies, or help remove tiny growths like tumors from the area, which promotes growth.
By usability, the video laryngoscope market size is divided into reusable and disposable. The reusable segment dominated the market in 2021, owing to affecting the purchasing decisions of hospitals and medical personnel. The flexible segment is expected to witness highest CAGR during the forecast period owing to reduced expenses associated with reprocessing and reduced risk of cross-infection.
By end user, the market is divided into hospitals, clinics, and others. The hospitals segment dominated the video laryngoscope market share in 2021, as the majority of procedure using video laryngoscope are carried out in hospitals. The clinics segment is expected to witness highest CAGR during the video laryngoscope market forecast owing to its expanded use in cases of emergencies and also in the ENT clinics.
North America accounted for a majority of the global video laryngoscope market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in video laryngoscope techniques, integration of advanced devices, and presence of key and robust hospital infrastructure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in respiratory diseases patient population, development of healthcare infrastructure, and increase in investments projects in the region.
The major players profiled in the video laryngoscope industry report are Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc, Intersurgical, Ltd, Karl Storz Se & Co. KG, Medtronic Plc, Nihon Kohden Corporation, Olympus Corporation, Prodol Meditec, Roper Technologies, Inc., Sunmed, LLC, SourceMark, LLC, Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical, and Vyaire Medical, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the video laryngoscope market analysis from 2021 to 2031 to identify the prevailing video laryngoscope market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the video laryngoscope market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global video laryngoscope market trends, key players, market segments, application areas, and market growth strategies.
Video Laryngoscope Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 204.6 million |
 Growth Rate | CAGR of 5.1% |
 Forecast period | 2021 - 2031 |
 Report Pages | 280 |
 By Type |
|
 By Usability |
|
 By End user |
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 By Region |
|
 Key Market Players | Medtronic, Infinium Medical, Inc., Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical (Shanghai) Co., Ltd (VDO), Nihon Kohden Corporation, Flexicare Medical Limited, Olympus Corporation, Intersurgical Ltd, Ambu A/S, VIMED MEDICAL, Roper Technologies, Inc (Verathon Inc.), Sunmed, LLC, SourceMark, LLC, Karl Storz Se & Co. KG, Vyaire Medical, Inc, Prodol Meditec, Advin Health Care |
Analyst Review
This section provides opinions of top level CXOs in the global video laryngoscope market. According to the insights of CXOs, leading companies in the market, development of advanced and reliable video laryngoscope systems has led to extensive amount of usability of this technique. Increase in demand for robot assisted procedures and better healthcare services is also expected to propel the video laryngoscope market.
The video laryngoscope industry holds the high potential, owing to innovative concepts and multidisciplinary expertise demand for new technological advancements in the creation of video laryngoscope. Due to increase in laryngoscope operations and increased usage of these devices in new applications for the diagnosis and treatment of disorders of internal organ, the video laryngoscope market has attracted the attention of the healthcare sector’ owing to rise in incidence of respiratory disease. Furthermore, unmet medical demands in developing countries are expected to provide remunerative opportunities for market expansion
Rise in incidence of respiratory diseases, surge in the number of intubations, and advancements in video laryngoscope are the upcoming trends of video laryngoscope market.
Rigid type is the leading type of video laryngoscope.
Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc, Intersurgical, Ltd, Karl Storz Se & Co. KG, Medtronic Plc, Nihon Kohden Corporation, Olympus Corporation, Prodol Meditec, Roper Technologies, Inc., Sunmed, LLC, SourceMark, LLC, Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical, and Vyaire Medical, Inc., are the top companies to hold the market share in video laryngoscope market.
North America is the largest regional market for video laryngoscope market.
The global video laryngoscope market was valued at $123.91 million in 2021, and is estimated to reach $204.56 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
2021 is the base year of video laryngoscope market.
2022 to 2031 is the base year of video laryngoscope market.
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