USD 639.1 million
Video Laryngoscope Market Size, Share, Growth Analysis, By Product (Rigid Video Laryngoscopes, Flexible Video Laryngoscopes), By Channel (Non-Channeled Video Laryngoscopes, Channeled Video Laryngoscopes), By Device, By Application, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQSG35A2052 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
139
|Figures:
78
Video Laryngoscope Market Insights
Video Laryngoscope Market size was valued at USD 130.22 Million in 2023 and is poised to grow from USD 136.86 Million in 2024 to USD 214.14 Million by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).
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 - 2024-2031
Global Market Size
Largest Segment
Rigid Video Laryngoscopes
Fastest Growth
Flexible Video Laryngoscopes
Growth Rate
17.3%CAGR
Global Video Laryngoscope Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Video Laryngoscope Market Segmental Analysis
Global Video Laryngoscope Market is segmented by product, channel, device, application, end user and region. Based on product, the market is segmented into rigid video laryngoscopes and flexible video laryngoscopes. Based on channel, the market is segmented into non-channeled video laryngoscopes and channeled video laryngoscopes. Based on device, the market is segmented into cart-based video laryngoscopes and handheld video laryngoscopes. Based on application, the market is segmented into reusable video laryngoscopes and disposable video laryngoscopes. Based on end user, the market is segmented into pre-hospital, in-hospital and other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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 (%)
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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
- Largest
- Fastest
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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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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
- KARL STORZ SE & Co. KG
- Nihon Kohden Corporation
- Verathon Inc.
- Ambu A/S
- AAM Healthcare
- Hebei Vimed Medical Device Company, Ltd.
- VDO Medical Inc.
- Marshall Products
- Olympus Corporation
- Clarus Medical LLC
- B. Braun Melsungen AG
- VYAIRE MEDICAL, INC.
- Intersurgical Ltd.
- King SystemsSunMed LLC
- Truphatek International Ltd.
- UE Medical Devices Inc.
- XION GmbH
- Propper Manufacturing Co. Inc.
- Timesco Healthcare 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).
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.
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 2022 | USD 639.1 million |
| Market size value in 2031 | USD 2686.9 million |
| Growth Rate | 17.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| 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 |
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| Customization scope | Free report customization with purchase. Customization includes:-
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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 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
- Exhibit: Impact analysis of DROC, 2021
- 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 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the 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 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 Video Laryngoscope Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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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