Global Video laryngoscope Market

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, Others (ENT Clinics, Training/Teaching Etc.)), By Channel Type(Non-Channeled Video Laryngoscopes and Channeled Video Laryngoscopes), By Device Type(Cart-based Video Laryngoscopes and Handheld Video Laryngoscopes), By Region - Industry Forecast 2024-2031

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

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.

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Video Laryngoscope Market size was valued at USD 123.9 million in 2019 and is poised to grow from USD 130.22 million in 2023 to USD 203.75 million by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).

The 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 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

Report ID: SQSG35A2052

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