Global Video Laryngoscope Market Size, Share & Trends Analysis Report By Type (Portable/handheld video laryngoscopes, Cart-based video laryngoscopes, Other types), By Application (Emergency medicine, Intensive care units (ICUs), Operating rooms, Others), By End Users (Hospitals and clinics, Ambulatory surgical centers, Others), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031
The Global Video Laryngoscope Market size was valued at USD 352.7 million in 2022 and is projected to reach USD 795.0 million by 2031, growing at a CAGR of 18.1% from 2023-2031. One of the main drivers of market expansion is the growing understanding of the advantages of using video laryngoscopes over traditional ones. These advantages include less force being applied, improved laryngeal view, visual confirmation of tube placement, reduced risk of cross-contamination, and better success rates for rescue procedures following direct laryngoscopy failure, which is increasing demand.
A clear image of the larynx can be seen using a device called a video laryngoscope, which has a video camera attached to its blade point. The video footage is shown on a monitor while a light shines on the larynx. The process known as video laryngoscopy looks at the vocal cords, throat, and other laryngeal anatomical features. A strobe light is used during a laryngoscopy to give the doctor a better view of the glottis and information about the voice box. Usually, tissue excision occurs after an anesthetic has been administered.
Based on type, the market is segmented into portable/handheld video laryngoscopes, cart-based video laryngoscopes, and other types. Among these, the portable/handheld video laryngoscopes segment accounted for the largest market share in 2020 due to their ease of use, portability, and cost-effectiveness.
Geographically, North America dominated the video laryngoscope market in 2020, followed by Europe and the Asia Pacific. The dominance of North America can be attributed to the high adoption of advanced airway management devices, increasing prevalence of respiratory diseases, and the presence of major market players in the region.
Key players operating in the video laryngoscope market include Ambu A/S, Medtronic Plc, Verathon Inc. (a subsidiary of Roper Technologies Inc.), Teleflex Incorporated, Karl Storz SE & Co. KG, Glidescope (a subsidiary of Verathon Inc.), Intersurgical Ltd., Clarus Medical LLC, Vyaire Medical Inc., and Olympus Corporation. These players are focusing on product innovation, strategic collaborations, and mergers and acquisitions to expand their market share and strengthen their position in the market.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Video Laryngoscope Market. On the basis of historic growth analysis and current scenario of Video Laryngoscope market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Video Laryngoscope market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Video Laryngoscope market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Video Laryngoscope market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The worldwide market for video laryngoscopes is expanding due to factors like rising healthcare facility demand and the importance of sharing results with patients. Due to the advanced technology and improved resolution, video laryngoscopy is also in demand as a means of diagnosing and treating the illness.
A growing number of elements, including more readily available tools, less expensive procedures, and better reliability, are contributing to the growth of the video laryngoscopy market globally. The use of laryngoscopy techniques has increased as a result of all the crises that video laryngoscopy has caused.
One of the main causes of the fierce rivalry between market rivals is the development of technologically advanced laryngoscopes in response to physician demand.
Robotic assistance in laryngoscopy is one of the key advancements affecting the laryngoscope market. Due to the increasing risks and challenges associated with cutting-edge and experimental techniques, robot-assisted laryngoscopy is rising in popularity.
By satisfying the unmet needs of medical professionals conducting difficult intubations, manufacturers have capitalized on market potential. They also constantly work to produce cutting-edge technologies that may improve both performance and safety during intubations. A small number of rivals are making use of inorganic growth strategies, like acquisitions, to establish a foothold in the market and broaden the range of their product sales. It is therefore expected that these players' efforts will result in the creation of cutting-edge technologies.
The lower adoption of anesthetic video laryngoscopes in developing countries as a result of their high cost and the absence of adequate reimbursement plans to provide coverage is one of the major obstacles preventing the development of the laryngoscopes market. As a consequence of the exorbitant prices of these devices and their maintenance, the market will not expand. Another major impediment to the potential growth of this market is the availability of cost-effective alternatives to endotracheal intubation apparatus.
Large Price : The expansion of the worldwide market for video laryngoscopes may be hampered by the high cost of these life-supporting technologies.
Professionals lacking in expertise: Over the course of the forecast period, the development of the global video laryngoscope market may be restrained by a lack of trained personnel who are unable to use these devices. The incorrect diagnosis and treatment of serious injuries in an emergency can result in deformities and dysfunction of the injured area, as well as possibly the patient's death. The global scarcity of anesthesiologists and paramedics has emerged as one of the main issues.
The report will cover the qualitative and quantitative data on the video laryngoscopes Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2023-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 18.1% from 2023 to 2031. |
Segmentation | By Type, By Application, By End User, By Region |
Unit | USD Million |
By Type | · Portable/handheld video laryngoscopes · Cart-based video laryngoscopes · Other types |
By Application | · Emergency medicine · Intensive care units (ICUs) · Operating rooms · Others |
By End Users | · Hospitals and clinics · Ambulatory surgical centers · Others |
By Region |
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A number of strategies are being used by major market participants in the video laryngoscope space to obtain a competitive edge and grow their market shares. Some of the main strategies being implemented by these players include:
Product introductions: Major players frequently introduce cutting-edge products to meet the changing requirements of healthcare professionals and enhance patient outcomes. For instance, Ambu introduced the King Vision a Scope 4 Broncho video laryngoscope in January 2021. It is intended for use during bronchoscopy operations.
Strategic partnerships and collaborations are being established by major players to broaden their product lines and penetrate new markets. For instance, Verathon and Distalmotion announced a strategic alliance in November 2020 to combine Verathon's GlideScope video laryngoscopes with Distalmotion's surgical robot.
Key players are also pursuing mergers and acquisitions to increase their market share and obtain fresh skills and technologies. For instance, Ambu purchased Invendo Medical, a provider of disposable endoscopy solutions, in January 2021 to improve its position in the video laryngoscope market.
Focus on emerging markets: Major companies are paying close attention to developing regions like Asia Pacific and Latin America, where there is a rising demand for cutting-edge medical equipment and where the healthcare system is getting better. To satisfy the rising demand for advanced airway management devices in India, for instance, Flexicare announced in January 2021 that its video laryngoscope range would be expanding in the country.
Investment in R&D: Major players are making significant investments in R&D to create new technologies and enhance current goods. For instance, in October 2020, Medtronic revealed the release of the McGRATH MAC 2 Blade, a new video laryngoscope with a hyper-angulated blade for better airway visualization.
In order to remain competitive and take advantage of the rising demand for sophisticated airway management devices, major participants in the video laryngoscope market are generally putting a variety of strategies into practice.
Some of the key companies profiled in the Video Laryngoscope Market report include:
These companies are among the leading players in the video laryngoscope market, and they are constantly innovating and introducing new products to meet the growing demand for advanced airway management devices.
The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
By Type:
The video laryngoscope market is segmented by type into portable/handheld video laryngoscopes, cart-based video laryngoscopes, and other types.
Portable/handheld video laryngoscopes: This segment accounted for the largest market share in 2020 and is expected to continue to dominate the market during the forecast period. Portable/handheld video laryngoscopes are smaller and more lightweight than cart-based models, making them easier to transport and use in a variety of settings. They are also generally less expensive than cart-based models, making them more accessible for smaller healthcare facilities.
Cart-based video laryngoscopes: Cart-based video laryngoscopes are larger and more complex than portable/handheld models, typically consisting of a cart-mounted display and camera system connected to a handheld laryngoscope blade. Cart-based models offer higher image quality and more advanced features than portable/handheld models, but they are also more expensive and less portable.
Other types: This segment includes video laryngoscopes with unique features or specialized applications, such as those designed specifically for pediatric patients or those with difficult airways.
The choice of video laryngoscope type will depend on a variety of factors, including the intended application, the patient population, and the specific needs of the healthcare facility. In general, portable/handheld video laryngoscopes are well-suited for emergency and critical care settings, while cart-based models may be preferred for larger healthcare facilities with more complex airway management needs. Other types of video laryngoscopes may be chosen for their unique features or specialized applications.
By Application:
In addition, the market for video laryngoscopes can be broken down by application into emergency medicine, ICUs, operating rooms, and other settings.
Emergency medicine: The emergency medicine segment is expected to dominate the market during the forecast period due to the increasing adoption of video laryngoscopes in emergency settings. Video laryngoscopes are particularly useful in emergency situations where patients may have difficult airways or require rapid intubation.
Intensive care units (ICUs): The ICU segment is expected to grow significantly during the forecast period due to the increasing prevalence of respiratory diseases and the need for advanced airway management devices in critical care settings.
Operating rooms: The operating room segment is also expected to grow during the forecast period due to the increasing use of video laryngoscopes in surgical procedures. Video laryngoscopes can provide improved visualization of the larynx and vocal cords, making intubation easier and more accurate.
Others: This segment includes video laryngoscopes used in other applications, such as military and field medicine, transport and pre-hospital care, and dental procedures.
The choice of video laryngoscope application will depend on the specific needs of the healthcare facility and patient population. Emergency medicine and ICU settings may require portable/handheld video laryngoscopes for quick and efficient intubation, while operating rooms may prefer cart-based models with more advanced features. Other applications may require specialized video laryngoscopes designed for unique settings or patient populations.
By End Users:
The video laryngoscope market can also be segmented by end users, including hospitals and clinics, ambulatory surgical centers (ASCs), and others.
Hospitals and clinics: The hospitals and clinics segment is expected to dominate the market during the forecast period due to the high demand for advanced airway management devices in hospital settings. Hospitals and clinics typically have larger patient populations and more complex airway management needs, making them a key market for video laryngoscopes.
Ambulatory surgical centers (ASCs): The ASCs segment is also expected to grow during the forecast period due to the increasing number of outpatient surgical procedures being performed in these facilities. ASCs may prefer portable/handheld video laryngoscopes for their smaller size and greater flexibility.
Others: This segment includes other end users such as military and emergency services, dental clinics, and home care settings.
The choice of video laryngoscope end user will depend on a variety of factors, including the size and complexity of the healthcare facility, the patient population, and the specific needs of the end user. Hospitals and clinics are expected to be the largest market for video laryngoscopes due to their large patient populations and more complex airway management needs, while ASCs may prefer smaller and more portable video laryngoscopes. Other end users may require specialized video laryngoscopes designed for unique settings or patient populations.
The report also helps in understanding Global Video Laryngoscope Market dynamics, structure by analyzing the market segments, and project the Global Video Laryngoscope Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Video Laryngoscope Market make the report investor’s guide.
North America accounted for the highest xx% market share in terms of revenue in the Video Laryngoscope market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Video Laryngoscope. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Video Laryngoscope companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Video Laryngoscope Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The video laryngoscope market can be analyzed regionally, with major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America: North America is expected to dominate the market during the forecast period due to the high prevalence of respiratory diseases and the strong presence of key market players in the region. The United States is expected to be the largest market for video laryngoscopes in North America.
Europe: Europe is expected to be the second-largest market for video laryngoscopes during the forecast period, driven by the increasing adoption of advanced airway management devices in hospital settings and the presence of key market players in the region.
Asia Pacific: Asia Pacific is expected to be the fastest-growing market for video laryngoscopes during the forecast period, driven by the increasing prevalence of respiratory diseases and the growing demand for advanced medical devices in emerging economies such as China and India.
Latin America: Latin America is also expected to experience significant growth in the video laryngoscope market during the forecast period, driven by the increasing adoption of advanced medical devices and improving healthcare infrastructure in the region.
Middle East and Africa: The Middle East and Africa region is expected to experience steady growth in the video laryngoscope market during the forecast period, driven by the increasing prevalence of respiratory diseases and the improving healthcare infrastructure in the region.
Overall, the video laryngoscope market is expected to experience strong growth globally due to the increasing prevalence of respiratory diseases, the growing demand for advanced airway management devices, and the presence of key market players in major regions.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Details about each rival are provided in the competitive landscape for video laryngoscopes. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The aforementioned data points are limited to the businesses' market focus on the video laryngoscope.
Video Laryngoscope Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
Frequently Asked Questions
The global video laryngoscope market size was valued at USD 352.7 million in 2022 and is projected to reach USD 795.0 million by 2031, growing at a CAGR of 18.1% from 2023-2031. One of the main drivers of market expansion is the growing understanding of the advantages of using video laryngoscopes over traditional ones.
In 2021, North America held the majority of global market share for video laryngoscopes, and it is expected that it will continue to hold this position throughout the forecast period.
The driving factors for the video laryngoscope market include the increasing prevalence of respiratory diseases, unmet medical facilities and rise in demand in developing economies, decline in the use of traditional laryngoscopes, and rising incidences of cardiac disorders, increasing number of surgeries, and increasing healthcare expenditure.
Due to its increased use in emergency situations as well as in ENT clinics, the clinics sector is anticipated to experience the highest CAGR during the video laryngoscope market forecast.
Some major players in the video laryngoscope market include Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc., Intersurgical Ltd., Karl Storz Se & Co., Prodol Meditec, Medtronic, VYAIRE MEDICAL INC., and Verathon Inc.
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