Video Laryngoscope Market By Type (Rigid, Flexible), By Usability (Reusable, Disposable), By End user (Hospitals, Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global video laryngoscope market was valued at $123.91 million in 2021, and is estimated to reach $204.56 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Laryngoscopy is a process used to check the vocal cords, throat, and other laryngeal anatomical features using a piece of equipment, called a video laryngoscope. During a video laryngoscopy technique, the voice cords and larynx can be viewed and audibly moved. Direct and indirect laryngoscopy are the two varieties that can be used. By putting a tube (laryngoscope) into the back of the throat, a doctor can perform direct laryngoscopy and examine the throat while removing any foreign bodies or contaminated tissue for biopsy.
The major factors that drive the growth of the video laryngoscope market include, rise in incidence of respiratory diseases, surge in the number of intubations, and advancements in video laryngoscope. In addition, increase in demand for robot assisted surgeries is a key trend of the market, which is expected to fuel the growth during the forecast period.
Significant rise in incidence of respiratory diseases is one leading factor of this market as video laryngoscope is mainly used for diagnosis of diseases associated with throat and larynx. Respiratory disease conditions caused by infections, tobacco use, second-hand smoke inhalation, radon, asbestos, or other types of air pollution. Increase in smoking habits in developing countries rises respiratory disease prevalence. Thus, such high number of cases are expected to boost the video laryngoscope procedures.
Many key market players are adopting inorganic strategies, such as agreement for drug development and production, which also drives the market growth. For instance, in December 2021, SourceMark, LLC and Vizient along with the certified Minority Business Enterprise (MBE), announced its GPO contract for its ClearViz Video Laryngoscope system. Vizient provides solutions that help more than 50% of the nation's acute providers and more than 20% of ambulatory care providers which deliver high-value care to their patients.
In addition, unmet medical demands in developing countries are a lucrative opportunity for the market growth. Conversely, dearth of the skilled professionals for proper handling of the video laryngoscope is expected to hinder the video laryngoscope market growth.
The video laryngoscope market is segmented on the basis of type, usability, end user, and region. On the basis of type, the market is categorized into rigid and flexible. By usability, it is divided into reusable and disposable. By end user, it is segmented into hospitals, clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc, Intersurgical, Ltd, Karl Storz Se & Co. KG, Medtronic Plc, Nihon Kohden Corporation, Olympus Corporation, Prodol Meditec, Roper Technologies, Inc., Sunmed, LLC, SourceMark, LLC, Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical, and Vyaire Medical, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the video laryngoscope market analysis from 2021 to 2031 to identify the prevailing video laryngoscope market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the video laryngoscope market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global video laryngoscope market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Rigid
Flexible
By Usability
Disposable
Reusable
By End user
Hospitals
Clinics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Advin Health Care
Ambu A/S
Flexicare Medical Limited
VIMED MEDICAL
Infinium Medical, Inc.
Intersurgical Ltd
Karl Storz Se & Co. KG
Medtronic
Nihon Kohden Corporation
Olympus Corporation
Prodol Meditec
Roper Technologies, Inc (Verathon Inc.)
Sunmed, LLC
SourceMark, LLC
Shenzhen HugeMed Medical Technology Development Co., Ltd
VDO Medical (Shanghai) Co., Ltd (VDO)
Vyaire Medical, Inc
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