Video Laryngoscope Market Size, Share, Report and Forecast 2024-2032

 

Video Laryngoscope Market Size

The global video laryngoscope market value was USD 1.2 billion in 2023, driven by increasing demand for more effective airway management tools in medical settings globally. The market size is anticipated to grow at a CAGR of 18.4% during the forecast period of 2024-2032 to achieve a value of USD 5 billion by 2032.

Video Laryngoscope: Introduction 

A video laryngoscope is an advanced medical device used for endotracheal intubation, wherein a tube is placed into the trachea to maintain an open airway or administer certain drugs. It consists of a handle equipped with a video camera and a blade, which is inserted into the patient's mouth. Unlike traditional laryngoscopes, which require direct line-of-sight visualization of the vocal cords, the video laryngoscope provides a real-time video feed on a connected screen. This allows for a better view of the larynx and surrounding structures, making intubation easier, especially in challenging cases or with patients who have difficult airways. The device has gained popularity in emergency medicine, anesthesia, and critical care for its potential to reduce intubation-related complications and improve patient outcomes. It's particularly valuable in situations where intubation needs to be performed rapidly or in less-than-ideal circumstances, as it can significantly enhance the clinician's ability to secure the airway effectively and efficiently.

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Key Trends in the Global Video Laryngoscope Market

The global video laryngoscope market has been experiencing robust growth, fueled by advancements in technology and an increasing demand in the healthcare sector. This surge is primarily due to the rising need for effective airway management devices in critical care and emergency departments. The integration of high-definition video technology in laryngoscopes has significantly improved the visualization of the airway, thereby enhancing the success rate of intubation procedures. Additionally, the COVID-19 pandemic highlighted the importance of these devices for safely intubating infected patients while minimizing exposure risks for healthcare professionals. The market has also seen a trend towards portable and disposable models, responding to the need for convenience and hygiene. Furthermore, emerging markets in Asia-Pacific and other regions are contributing to the global expansion, driven by increasing healthcare expenditures and a growing emphasis on advanced medical devices. 

Global Video Laryngoscope Market Segmentations

Market Breakup by Product  

  • Reusable
  • Single-Use

Market Breakup by Type 

  • Integrated Display Models
  • Cart-Based Models

Market Breakup by Channel Type 

  • Non-Channeled
  • Channeled

Market Breakup by End User 

  • Hospitals
  • ENT Clinics
  • Others

Market Breakup by Region 

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Video Laryngoscope Market Overview

The global video laryngoscope market has been experiencing significant growth, driven by advancements in technology and an increasing demand for more effective airway management tools in medical settings. Enhanced visualization capabilities provided by video laryngoscopes have improved intubation success rates, especially in difficult airway situations, fueling their adoption in hospitals, ambulances, and military medical units. The COVID-19 pandemic also contributed to the market expansion, as the need for safe intubation techniques became paramount. Manufacturers have been focusing on developing portable and cost-effective models to expand their market reach, especially in developing countries. Despite the growth, the market faces challenges such as high costs and the need for specialized training for optimal utilization. Nonetheless, continuous innovation and increasing healthcare expenditure globally are expected to sustain the market's upward trajectory.

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Global Video Laryngoscope Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Medtronic Plc
  • KARL STORZ SE & Co. KG
  • Verathon Inc.
  • Nihon Kohden Corporation
  • Intersurgical Ltd
  • Ambu A/S
  • Prodol Meditec, S.A.
  • Vyaire Medical, Inc.
  • Shenzhen Besdata Technology Co., Ltd.
  • Advin Health Care
  • Flexicare Medical Limited
  • Infinium Medical, Inc.
  • Sunmed, LLC
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