Global Video Laryngoscope Market- WishTree Insight

Global Video Laryngoscope Market by Product (Flexible Video Laryngoscopes and Rigid Video Laryngoscope), Device Type (Handheld Video Laryngoscope and Cart-Based Video Laryngoscopes), Channel type (Channelled Video Laryngoscope and Non-Channelled Video Laryngoscope), Usage Type (Disposable Video Laryngoscope and Reusable Video Laryngoscope), End-User (ENT Clinics, Hospitals, and Others), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Video Laryngoscope market size was valued at USD 0.58 billion in 2022 and is expected to surpass USD 3.3 billion by 2032, expanding at a CAGR of 18.4 % during the forecast period, 2022–2032. The market's growth is attributed to the rising awareness of the benefits of using video laryngoscopes.

INTRODUCTION

A video laryngoscope is a medical device that is used to assist in the insertion of an endotracheal tube or other breathing devices during certain medical procedures, such as intubation. It consists of a camera and a light source attached to the blade of the laryngoscope, which is inserted into the patient's mouth to provide a clear view of the larynx and vocal cords on a video monitor.

Video laryngoscopes are often used in cases where a patient's airway is difficult to manage, such as in patients with a history of difficult intubation, obese patients, or patients with abnormal airway anatomy. They may also be used in emergency situations where a patient needs to be intubated quickly and safely.

Some of the advantages of using a video laryngoscope include improved visualization of the airway, reduced risk of injury to the patient, and increased success rates of intubation. However, video laryngoscopes can be more expensive than traditional laryngoscopes and require specialized training to use effectively.

Market Trends, Drivers, Restraints, and Opportunities

• The rising occurrence of respiratory diseases is expected to propel market growth.
• Laryngoscopy is a safe procedure thus it reduces complications which are expected to boost the market growth.
• The reduction in recovery time is anticipated to boost the market.
• The rise in demand and inadequate medical facilities driving the market.
• The increasing prevalence of respiratory diseases is driving the market.
• The shortage of certified experts and qualified medical professionals are hindering the market growth.
• The introduction of new technologies is expected to create lucrative opportunities in the market.

Scope of the Report

Market Segment Insights

The rigid segment is projected to register a considerable CAGR

Based on the product, the video laryngoscope market is divided into flexible and rigid video laryngoscopes. The rigid segment is expected to expand rapidly during the forecast period owing to the increase in the development of the product and investments by various market players and the decreasing use of traditional laryngoscopes.

The cart-based segment is expected to boost the market

Based on device type, the video laryngoscope market is divided into handheld video laryngoscopes and cart-based video laryngoscopes. The cart-based segment is expected to expand rapidly during the forecast period due to the large usage of these laryngoscopes in hospitals.

The non-channeled segment is projected to register a considerable CAGR

On the basis of channel type, the video laryngoscope market is segregated into channeled video laryngoscope and non-channeled video laryngoscope. The non-channeled segment is projected to register a considerable CAGR during the forecast period owing to its advantages. On the other hand, the channeled segment is anticipated to account for a significant market share during the forecast period as it can be used by non-experienced users.

The reusable segment is expected to surge in the market

Based on usage type, the video laryngoscope market is divided into disposable video laryngoscopes and reusable video laryngoscopes. The reusable segment is expected to expand rapidly during the forecast period as it is easy to use and offers greater functionality than traditional laryngoscope.

The hospital segment registers considerable CAGR

On the basis of end-user e, the video laryngoscope market is segregated into ENT clinics, hospitals, and others. The hospital segment is projected to register a considerable CAGR during the forecast period owing to the increase in the number of airway management procedures performed in the hospitals making them primary users of video laryngoscopes.

North America constitutes a key market share of more than 39%

In terms of regions, the video laryngoscope market is classified as APAC, Europe, North America, and LAMEA. The market of North America constitutes a key market share of more than 39% and is expected to constitute a key share of the market during the projected period. The market growth is attributed to the high prevalence of respiratory disorders in adults and children. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the high disease burden, and frequent technological and infrastructural up-gradation in the medical device industry.

Competitive Landscape

Key players competing in the Video Laryngoscope market are Salter Labs; Verathon Inc.; AAM Healthcare; Nihon Kohden Corporation; VDO Medical Inc.; Medtronic.

FAQs

How much is the market worth?

The Video Laryngoscope market size was valued at USD 0.58 billion in 2022 and is expected to surpass USD 3.3 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 18.4%.

What are the key drivers of the market?

The market's growth is attributed to the rising awareness of the benefits of using video laryngoscopes.

What segments are covered in the Video Laryngoscope report?

The segments covered in the report are Product (Flexible Video Laryngoscopes and Rigid Video Laryngoscope), Device Type (Handheld Video Laryngoscope and Cart-Based Video Laryngoscopes), Channel type (Channelled Video Laryngoscope and Non-Channelled Video Laryngoscope), Usage Type (Disposable Video Laryngoscope and Reusable Video Laryngoscope), End-User (ENT Clinics, Hospitals, and Others).

Mention which region is expected to hold the highest share of the Video Laryngoscope market.

The North American region is expected to hold the highest share of the Video Laryngoscope market.

Mention the key players in the market.

Salter Labs; Verathon Inc.; AAM Healthcare; Nihon Kohden Corporation; VDO Medical Inc.; Medtronic.