In terms of revenue, the Global Video Laryngoscope Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 18.9% from 2023 to 2030.
The global Video Laryngoscope market is projected to grow majorly due to the increasing prevalence of respiratory diseases and the growing number of surgeries globally. During intubation procedures, Video Laryngoscope is used to visualize the larynx and vocal cords. Using these devices reduces the risk of complications and enhances patient safety and care. The growing demand for advanced healthcare facilities and the rising adoption of technological advancements in the medical industry are expected to drive the growth of the global Video Laryngoscope market. The increasing geriatric population and the growing demand for minimally invasive surgical procedures fuel market growth. However, the high cost of Video Laryngoscope and the need for more skilled professionals to operate these devices will likely hinder market growth. Moreover, product recalls and stringent regulations for medical devices may also pose challenges to developing the Video Laryngoscope market.
Key Highlights from the Report
· Based on Product, Rigid Video Laryngoscope is expected to grow significantly due to their accurate intubation and easy handling capabilities, especially in difficult airway management situations. These laryngoscopes are designed to provide a clear view of the larynx and vocal cords, making it easier for doctors to perform intubations.
· Based on End-Use, the In-hospital segment of the global Video Laryngoscope market includes products specifically designed for hospital settings. Healthcare professionals use these devices to visualize the larynx and assist in endotracheal intubation. The segment is expected to experience the largest growth due to the growing demand for advanced airway management tools in hospitals.
· Lastly, based on Region, the North America region holds a significant share of the global Video Laryngoscope market and is expected to continue its dominance over the forecast period. The growth can be attributed to the high prevalence of chronic respiratory diseases, increasing adoption of technologically advanced devices, and favorable government initiatives to improve healthcare infrastructure.
The global Video Laryngoscope market is projected to observe significant growth in the coming years owing to the rising prevalence of airway management disorders such as respiratory distress, obstructive sleep apnea, and bronchitis. Airway management disorders affect the airway and can make breathing difficult or obstructed. These disorders can range from mild to severe; if left untreated, they can lead to serious complications and even death. Moreover, technological advancements in Video Laryngoscope, such as integrating video cameras and advanced blade designs, are expected to improve the efficiency and accuracy of intubation procedures. Furthermore, technological advancements in Video Laryngoscope have the potential to revolutionize intubation procedures by enhancing efficiency and accuracy. This innovation involves integrating video cameras and advanced blade designs into laryngoscopes, medical devices used to visualize the larynx during intubation. The integration of video cameras in Video Laryngoscopes provides real-time, high-resolution visualization of the airway, allowing healthcare professionals to have a clear view of the larynx and vocal cords. This visualization can make the intubation process more precise and reliable, particularly in challenging cases where traditional direct laryngoscopy may be difficult or unsuccessful. The improved visualization can help identify anatomical abnormalities, foreign objects, or potential complications, enabling better decision-making during intubation. Advanced blade designs in Video Laryngoscopes can also improve efficiency and accuracy during intubation.
Video Laryngoscope procedures are minimally invasive and allow for better visualization during intubation, reducing the chances of complications. Compared to direct laryngoscopy, which requires a larger blade to lift the tongue and manipulate the airway, Video Laryngoscope requires a smaller, slenderer instrument. This reduces the discomfort for the patient and minimizes trauma to the oral cavity and surrounding tissues. Additionally, Video Laryngoscope can often be performed with the patient in a more anatomically neutral position, as the need for extreme neck extension is reduced. This can particularly benefit patients with cervical spine injuries or limited neck mobility. Moreover, the senior population is more prone to airway management disorders, increasing the demand for Video Laryngoscope. Moreover, the increasing healthcare spending in emerging economies is projected to drive demand for Video Laryngoscope in these regions. Furthermore, the expansion of product portfolios by key players in the market is expected to create growth opportunities for the market players. The increasing demand for disposable Video Laryngoscope, which are cost-effective and reduce the risk of infections, is expected to create opportunities for market players.
However, the high cost associated with Video Laryngoscope devices and the lack of skilled professionals to operate the devices is some of the major factors restraining the market's growth. In addition, the ongoing COVID-19 pandemic has significantly impacted the demand for Video Laryngoscope devices, as they are widely used in treating COVID-19 patients with airway complications. This has led to a surge in demand for Video Laryngoscope devices in the healthcare industry.
The North America Video Laryngoscope Market is expected to grow significantly during the forecast period. The market is driven by various factors, including increasing cases of airway management procedures, the rising occurrence of chronic respiratory diseases, and the need for advanced airway management techniques. The emergence of advanced technologies in laryngoscopy, such as Video Laryngoscope, has also contributed to the market's growth. The United States is the largest market for Video Laryngoscope in North America due to the availability of advanced healthcare infrastructure and major players in this region. Market companies constantly invest in research and development to launch cutting-edge products that offer better patient outcomes.
The Global Video Laryngoscope Market is Segmented as follows
- Usage Type
- Channel Type
- Device Type
- ENT Clinic
- Training Center
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Video Laryngoscope Market is
Medtronic PLC (Ireland), Karl Storz SE & Co. KG (Germany), Nihon Kohden Corp. (Japan), Ambu A/S (Denmark), Teleflex Inc. (U.S.), Verathon Inc. (U.S.), Olympus Corp. (Japan), Pentax Medical (Japan), Clarus Medical LLC (U.S.), Vivid Medical Inc. (U.S.), Timesco Healthcare Ltd. (UK), IntuBrite Inc. (U.S.), Dilon Technologies Inc. (U.S.)
The Global Video Laryngoscope Market Scope can be Tabulated as below
|Market Size Provided for Years
|2017 - 2030
|2017 - 2021
|2023 - 2030
|Regions & Counties Covered
|Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis