Global Video Laryngoscope Market 2023-2030

Global Video Laryngoscope Market 2023-2030

Global Video laryngoscope Market Size, Share & Trends Analysis Report by Type (Rigid and Flexible), by Usability (Disposable and Reusable), and by End User (Hospitals, Clinics and Others), Forecast Period (2023-2030)

The global video laryngoscope market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). Video laryngoscope is a medical device used to visualize the airway and facilitate endotracheal intubation. It consists of a camera and a blade that are inserted into the mouth or nose and advanced into the pharynx. The camera transmits images of the airway to a monitor, allowing the clinician to clearly see the glottis and other airway structures. And the market is growing at considerable rate owing to several reasons, including rising prevalence of diabetes globally. According to world health organization (WHO), About 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. Both the number of cases and the prevalence of diabetes have been steadily increasing over the past few decades. There is a globally agreed target to halt the rise in diabetes and obesity by 2025.

Segmental Outlook

The global video laryngoscope market is segmented on the type, usability, and end-user. Based on the type, the market is sub-segmented into rigid and flexible. Based on usability, the market is sub-segmented into disposable and reusable. And based on the end-user, the market is sub-segmented into hospitals, clinics and others. Among the Usability, the reusable sub-segment is anticipated to hold a considerable share of the market, owing to its preference due to its easy to use and greater functionality compared to traditional laryngoscopes.

The Rigid Sub-Segment is Anticipated to Hold a Considerable Share of the Global Video laryngoscope Market

Among the type, the rigid sub-segment is expected to hold a considerable share of the global Video laryngoscope market. This segmental growth is attributed to several factor such as, it is more durable and easier to control than a flexible video laryngoscope. Rigid video laryngoscopes are often used in difficult airway situations, such as when the patient has a limited mouth opening or a narrow airway. Companies are focusing on improving these devices and introducing better technology for better results. For instance, Dilon Technologies Inc. announced the launch of the CoPilot VL+ video laryngoscope, an airway management device developed to help providers have the optimum view of the airway when placing breathing tubes. The new device boasts a larger, brighter, higher resolution display along with powerful LEDs to help the user obtain a better view of the airway. The CoPilot VL+ video laryngoscope is compact and portable, which makes it ideal for every medical setting, according to Dilon, such as anesthesia in the operating room, intensive care unit or the emergency medical responder field.

Regional Outlook

The global Video laryngoscope market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to growing awareness of the benefits of video laryngoscopes, doctors and patients are becoming more aware of the benefits of video laryngoscopes, such as improved success rates, reduced complications, and shorter hospital stays.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Video laryngoscope Market

Among all regions, the Asia Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising prevalence of difficult airways is increasing in the region, owing to the aging population and the rising incidence of chronic diseases such as obesity and diabetes. According to the Organization for Economic Cooperation and Development (OECD), Asia-Pacific, about 227 million people live with type 2 diabetes and about half of them are undiagnosed and unaware of developing long-term complications. diabetes caused 1.5 million deaths worldwide and an additional 2.2 million deaths were related to higher-than-optimal blood glucose.

Market Players Outlook

The major companies serving the video laryngoscope market include Flexicare Medical LTD, Infinium Medical, Inc., Intersurgical Ltd, Karl Storz Se & Co. KG, Medtronic, Nihon Kohden Corp, Prodol Meditec, Roper Technologies, Inc, Shenzhen HugeMed Medical Technology Development Co., Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In May 2021, Ambu received US FDA clearance for VivaSight 2 DLT. This enabled the company to commercialize the product and extended its single-use pulmonology lineup.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global video laryngoscope market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.