Global Video laryngoscope Market

Global Video Laryngoscope Market Size, Share, Growth Analysis, By Product type(Rigid Video Laryngoscopes, Flexible Video Laryngoscopes), By Usage type(Reusable Video Laryngoscopes, Disposable Video Laryngoscopes), By End-user(Pre-hospital, In-hospital), By Channel Type(Non-Channeled Video Laryngoscopes and Channeled Video Laryngoscopes), By Device Type(Cart-based Video Laryngoscopes and Handheld Video Laryngoscopes) - Industry Forecast 2023-2030


Report ID: SQSG35A2052 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 139 | Figures: 78

Global Video Laryngoscope Market Insights

Global Video Laryngoscope Market size was valued at USD 123.9 million in 2021 and is poised to grow from USD 130.22 million in 2022 to USD 203.75 million by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

The development of new laryngoscope products will support the market's growth in the next years. The market is populated by a number of businesses that compete using different product technologies. Improved visualization capabilities in developed goods have led to higher patient outcomes and greater patient safety. Additionally, expanding the availability of video laryngoscopes to medical practitioners in developing countries will spur market expansion in the near future. The success rate rises as a result of the high-resolution micro camera mounted on video laryngoscopes, which helps to provide a better picture of the vocal cord. The industry's revenue growth would also be aided by rising knowledge of early disease diagnosis and emergency visits to facilities. Two types of laryngoscopies are direct laryngoscopy and indirect laryngoscopy. In a direct laryngoscopy, a tube (laryngoscope) is inserted into the back of the throat to help the doctor examine the throat and remove any foreign objects or contaminated tissue for biopsy. A strobe light is used during laryngoscopy in order to give the doctor a clearer image and information about the voice box. Typically, tissue removal occurs after the anesthetic has been administered. The larynx, upper tracheal rings, and vocal cords can all be seen during an indirect laryngoscopy.

US Video Laryngoscope Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 123.9 million

Largest Segment

Rigid Video Laryngoscopes

Fastest Growth

Flexible Video Laryngoscopes

Growth Rate

5.1% CAGR

Global Video Laryngoscope Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Video Laryngoscope Market Size By Product Type, 2022-2028 ($ Bn)
Global Video Laryngoscope Market Size By Product Type, 2022-2028 (%)

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Global Video Laryngoscope Market Segmental Analysis

Video Laryngoscope Market is segmented on the basis of product type, usage type, end-user, and region. Based on Product type, the Video Laryngoscope Market is segmented into rigid video laryngoscopes and flexible video laryngoscopes. Based on usage type, the Video Laryngoscope Market is segmented into reusable video laryngoscopes and disposable video laryngoscopes. Based on the end-user, the Video Laryngoscope Market is segmented into Pre-hospital, In-hospital, and others. Based on region, the global Video laryngoscope market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.

Video Laryngoscope Market Analysis by Product Type

The rigid segment dominated the video laryngoscope market in 2021, accounting for more than 54.2% of total sales. The market participants' increasing product advancements and investments are anticipated to fuel the segment's growth. The use of conventional laryngoscopes is waning, which is another factor boosting market expansion. This is due to the constraints of direct or line-of-sight laryngoscopy being overcome by rigid video laryngoscopes. For instance, rigid video laryngoscopes require less head adjustment and manipulation than traditional direct laryngoscopy.

Due to its advantages over rigid ones, the flexible video laryngoscope market is anticipated to develop at the quickest rate over the forecast period. It gives the user the ability to see biopsy tissue, and anomalies, or help remove tiny growths like polyps from the area, which promotes growth. The ability to accurately rotate the camera gives the doctor a clear, comprehensive image of the motion of the vocal cords, which is an added benefit. Over the course of the projection period, these variables are anticipated to fuel segment growth.

Video Laryngoscope Market Analysis by Usage Type

In 2021, the reusable market had the highest share—more than 68.0 percent. The device's reusability is a crucial consideration in hospitals' and medical professionals' procurement decisions. These tools are also chosen because they are simpler to use and have more features than conventional laryngoscopes. Moreover, a significant element driving the segment is the high cost of reusable laryngoscopes. However, although being more expensive initially, these reusable video laryngoscopes don't need to be changed as frequently, which contributes to their large market share and rapid usage. Due to its growing use in pre-hospital settings, the disposable video laryngoscopes market is anticipated to grow at the quickest rate over the projected period. Further driving the growth is the growing need to cut operational expenses by avoiding reprocessing costs and reducing the danger of cross-infection.

Video Laryngoscope Market Analysis by End-user

Due to the high volume of airway management treatments carried out in hospitals, this sector led the market for video laryngoscopes and held the greatest revenue share of over 56.2% in 2021. Due to the improved visualization that helps with successful intubation on the first try and makes the procedure safer for patients and doctors as compared to conventional direct laryngoscopy, the use of video laryngoscopes has increased. Pre-hospitals are anticipated to rise at the quickest rate during the forecasted period due to their growing use in emergency facilities. On the other hand, emergency endotracheal intubation in a pre-hospital scenario has a number of restrictions. The past history of the patient's airway management is frequently unclear to the emergency physician, and it is challenging to place the patient optimally in a pre-hospital setting, which restricts growth.

Global Video Laryngoscope Market By Product Type, 2021 (%), 2021 (%)

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Global Video Laryngoscope Market Regional Insights

The video laryngoscopes market was dominated by North America in 2021, which also had the highest revenue share at approximately 41.1%. The high prevalence of respiratory problems in both the adult and pediatric populations can be blamed for the rise. Additionally, it is projected that the market will be driven by rising air pollution and exposure to cigarette smoke, which causes respiratory illnesses. Strict practice standards established by the American Society of Anaesthesiologists (ASA) and other healthcare organizations, along with expanding regional government efforts, are anticipated to spur market expansion.

Over the forecast period, Asia Pacific is anticipated to experience the quickest growth. It can be ascribed to the high illness load, enormous unmet patient requirements, regular technological and infrastructural advancements in the medical device industry, as well as an increase in healthcare spending in the area.

Global Video Laryngoscope Market By Geography, 2022-2028, 2023-2030
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Global Video Laryngoscope Market Dynamics

Video Laryngoscope Market Driver

  • Increased demand for healthcare facilities and the significance of communicating results with patients are factors driving the growth of the global market for video laryngoscopes. In order to detect and cure the disease, video laryngoscopy is also in demand due to the cutting-edge technology and enhanced resolution.
  • The global market for video laryngoscopy is expanding as a result of factors such as improved equipment availability, cheaper procedures, and enhanced reliability. All of the emergencies brought on by video laryngoscopy have led to a rise in the use of laryngoscopy techniques.
  • The introduction of technologically advanced laryngoscopes in response to physician demand is one of the key factors driving intense competition among market rivals.

Video Laryngoscope Market Restraint

One of the main challenges preventing the growth of the laryngoscopes market is the lower adoption of anesthetic video laryngoscopes in developing countries due to their high cost and lack of acceptable reimbursement schemes to provide coverage. As a result, the market will not grow due to the excessive costs of these devices and their upkeep. The availability of affordable alternatives to endotracheal intubation equipment is another significant barrier to this market's potential expansion.

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Global Video Laryngoscope Market Competitive Landscape

The global video laryngoscope market is relatively fragmented, with a high level of competition. Few large players, like Prodol Meditec, Ambu A/S, Medtronic, KARL STORZ SE & Co. KG, Nihon Kohden Corporation, Verathon Inc., Salter Labs, VDO Medical Inc., AAM Healthcare, Hebei Vimed Medical Device Company, Ltd., Olympus Corporation., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Top Players in the Global Video Laryngoscope Market

  • Medtronic plc
  • Verathon Inc.
  • Ambu A/S
  • Karl Storz GmbH & Co. KG
  • Teleflex Incorporated
  • Olympus Corporation
  • Clarus Medical LLC
  • B. Braun Melsungen AG
  • VYAIRE MEDICAL, INC.
  • Intersurgical Ltd.
  • King Systems
  • SunMed LLC
  • Truphatek International Ltd.
  • Aircraft Medical Ltd.
  • UE Medical Devices Inc.
  • XION GmbH
  • Propper Manufacturing Co. Inc.
  • Timesco Healthcare Ltd.
  • ROCAMED
  • Shenzhen HugeMed Medical Technical Development Co., Ltd.

Video Laryngoscope Market Recent Developments

  • In June 2022, The American Broncho-Esophological Association (ABEA) developed the most thorough and extensive set of guidelines for swallowing fluoroscopy with input from a wide range of experts.
  • In April 2022, the "ready-to-go" reference designs from OmniVision assist medical device OEMs in reducing time-to-market for laryngoscope development. They incorporate CameraCubeChip CMOS image sensors, low-power mechanical designs, lenses, batteries, as well as recording and playback capabilities. They also include excellent quality images and a broader field of view (FoV).

Global Video Laryngoscope Key Market Trends

  • One of the major developments influencing the laryngoscope industry is robotic assistance in laryngoscopy. Robot-assisted laryngoscopy is becoming more and more popular due to the growing hazards and difficulties that come with cutting-edge and experimental techniques.
  • Manufacturers have taken advantage of the market potential by meeting the unmet demands of medical professionals performing challenging intubations, and they are continuously working on producing cutting-edge technologies that may enhance both performance and safety during intubations. A small number of competitors are utilizing inorganic growth techniques, such as acquisitions, to get a presence in the industry and expand the scope of their product sales. Therefore, it is anticipated that such initiatives by these players would lead to the development of cutting-edge technologies. This will consequently increase demand for these gadgets during the course of the projection period.

Global Video Laryngoscope Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, due to the increased need to stop the spread of viruses like COVID-19 and swine flu, the video laryngoscope industry has been expanding. The likelihood of medical professionals and patients contracting an infection through direct physical touch is reduced with video laryngoscope. The market will continue to develop as a result of an increase in respiratory conditions including asthma and greater knowledge of the benefits of using a video laryngoscope over more conventional techniques. Due to new product development and industry players investing research activities for the creation of new goods, the rigid segment is anticipated to dominate the video laryngoscope market by product type. Furthermore, compared to conventional direct laryngoscopy, rigid video laryngoscopes require less head adjustment and manipulation. Due to the demand for reusable equipment from hospitals, private medical practitioners, and physicians, the reusable segment is anticipated to contribute the most to market revenues for video laryngoscopes. The enormous popularity of these products will also fuel the segment's growth in the ensuing years. Geographically, the North American video laryngoscope market is anticipated to grow at the highest rate due to an increase in respiratory disease cases brought on by rising air pollution in nations like the US and Canada, favourable government initiatives, and a rise in the number of product manufacturers in the region.

Report Metric Details
Market size value in 2021 USD 123.9 million
Market size value in 2030 USD 203.75 million
Growth Rate 5.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Product type
    • Rigid Video Laryngoscopes, Flexible Video Laryngoscopes
  • Usage type
    • Reusable Video Laryngoscopes, Disposable Video Laryngoscopes
  • End-user
    • Pre-hospital, In-hospital, Others (ENT Clinics, Training/Teaching Etc.)
  • Channel Type
    • Non-Channeled Video Laryngoscopes and Channeled Video Laryngoscopes
  • Device Type
    • Cart-based Video Laryngoscopes and Handheld Video Laryngoscopes
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic plc
  • Verathon Inc.
  • Ambu A/S
  • Karl Storz GmbH & Co. KG
  • Teleflex Incorporated
  • Olympus Corporation
  • Clarus Medical LLC
  • B. Braun Melsungen AG
  • VYAIRE MEDICAL, INC.
  • Intersurgical Ltd.
  • King Systems
  • SunMed LLC
  • Truphatek International Ltd.
  • Aircraft Medical Ltd.
  • UE Medical Devices Inc.
  • XION GmbH
  • Propper Manufacturing Co. Inc.
  • Timesco Healthcare Ltd.
  • ROCAMED
  • Shenzhen HugeMed Medical Technical Development Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Video Laryngoscope Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Video Laryngoscope Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Video Laryngoscope Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Video Laryngoscope Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Video Laryngoscope Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Video Laryngoscope Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Video Laryngoscope Market size was valued at USD 123.9 million in 2021 and is poised to grow from USD 130.22 million in 2022 to USD 203.75 million by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

The global video laryngoscope market is relatively fragmented, with a high level of competition. Few large players, like Prodol Meditec, Ambu A/S, Medtronic, KARL STORZ SE & Co. KG, Nihon Kohden Corporation, Verathon Inc., Salter Labs, VDO Medical Inc., AAM Healthcare, Hebei Vimed Medical Device Company, Ltd., Olympus Corporation., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Medtronic plc', 'Verathon Inc.', 'Ambu A/S', 'Karl Storz GmbH & Co. KG', 'Teleflex Incorporated', 'Olympus Corporation', 'Clarus Medical LLC', 'B. Braun Melsungen AG', 'VYAIRE MEDICAL, INC.', 'Intersurgical Ltd.', 'King Systems', 'SunMed LLC', 'Truphatek International Ltd.', 'Aircraft Medical Ltd.', 'UE Medical Devices Inc.', 'XION GmbH', 'Propper Manufacturing Co. Inc.', 'Timesco Healthcare Ltd.', 'ROCAMED', 'Shenzhen HugeMed Medical Technical Development Co., Ltd.'

Increased demand for healthcare facilities and the significance of communicating results with patients are factors driving the growth of the global market for video laryngoscopes. In order to detect and cure the disease, video laryngoscopy is also in demand due to the cutting-edge technology and enhanced resolution.

One of the major developments influencing the laryngoscope industry is robotic assistance in laryngoscopy. Robot-assisted laryngoscopy is becoming more and more popular due to the growing hazards and difficulties that come with cutting-edge and experimental techniques.

The video laryngoscopes market was dominated by North America in 2021, which also had the highest revenue share at approximately 41.1%. The high prevalence of respiratory problems in both the adult and pediatric populations can be blamed for the rise. Additionally, it is projected that the market will be driven by rising air pollution and exposure to cigarette smoke, which causes respiratory illnesses. Strict practice standards established by the American Society of Anaesthesiologists (ASA) and other healthcare organizations, along with expanding regional government efforts, are anticipated to spur market expansion.

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Global Video laryngoscope Market

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