The global video laryngoscope market is set to gain impetus from the rising focus of renowned companies on manufacturing novel devices to fulfil the unmet demand for performing difficult intubations from healthcare professionals. Dilon Technologies Inc., for instance, launched CoPilot VL+ in February 2018, to help healthcare providers receive a clear view of the airway while inserting breathing tubes. This information is given by Fortune Business Insights™ in a new report, titled, “Video Laryngoscope Market Size, Share & Industry Analysis, By Product (Reusable, and Single-use); By Type (Integrated Display Models, and Cart-based Models); By End Users (Hospitals, ENT Clinics, and Others (Pre-hospital, EMS, etc.)), 2020-2027.” The report further states that the video laryngoscope market size was USD 219.7 million in 2019 and is projected to reach USD 795.0 million by 2027, exhibiting a CAGR of 17.4% during the forecast period.
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A list of all the prominent video laryngoscope providers operating in the global market:
- VYAIRE MEDICAL, INC. (Illinois, United States)
- KARL STORZ SE & Co. KG (Tuttlingen, Germany)
- PRODOL MEDITEC (Guecho, Spain)
- Marshall Products (Radstock, United Kingdom)
- Ambu A/S (Copenhagen, Denmark)
- Intersurgical Ltd. (Wokingham, United Kingdom)
- Vivid Medical, Inc. (California, U.S)
- Salter Labs (Texas, United States)
- Verathon Inc. (Washington, United States)
- Medtronic (Dublin, Ireland)
- Other Prominent Players
This report focuses on Video Laryngoscope Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2028, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Drivers & Restraints-
A Need to Prevent Adverse Conditions will Augment Growth
Direct laryngoscope is causingfailure in intubationrapidly worldwide. It often results in severe consequences, such as fatalities, dental damage, brain damage,dysrhythmias, laryngeal spasm,cardiac arrest, bronchospasm, and laryngeal spasm. To prevent these conditions, healthcare providers are nowadays using anesthesia video laryngoscope devices with higher visualization capabilities. It would further contribute to thevideo laryngoscope market growth in the near future.However, these devices are very expensive. Medtronic, for instance, announced that the cost of a reusable device ranges between USD 1,000 to USD 8,000. It may hamper the demand for video laryngoscopedevices.
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How Did We Create This Report?
Our skilled analysts have presented an elaborate picture of the global market for packaged sprouts by summation, synthesis, and study of data from various significant sources. They have also included numerous facets of the market with the main focus on determining the crucial industry influencers. Thus, the data is reliable and comprehensive. It was gathered by conducting extensive primary and secondary research.
North America to Remain at Forefront Fueled by Presence of Developed Healthcare Infrastructure
Geographically, in 2019, North America generated USD 93.9 millionin terms of revenue. The region is expected to retain its dominant position throughout the forthcoming years on account of the presence of a well-developed healthcare infrastructure, rising affordability among patients, and surging usage ofstate-of-the-artvideo laryngoscopes.
On the other hand, Europe is set to exhibit a significant CAGR in the near future backed by the rising obese populations that are getting admitted in the emergency department of hospitals. In Asia Pacific, the increasing awareness of the availability of minimally invasive treatment options would propel growth.
Competitive Landscape-
Key Players Focus on Mergers & New Product Developments to Compete with Rivals
The global market for video laryngoscopeis dominated by a few companies, namely, Ambu A/S, Medtronic, and Verathon Inc.Most of these companies are focusing on developing unique devices to cater to the high demand from healthcare institutions. Some of the others are adopting the mergers and acquisitions strategy to gain a competitive edge by opening new firms. Below are the two latest industry developments:
- December 2020: Scientists of the Mexican Institute of Social Security (IMSS) developed a cost-effective video laryngoscope that performs invasive procedures, such as intubation quickly and accurately. At the same time, it enables better vision.
- September 2019:SunMed Holdings and Salter Labs merged to provide better service to their customers by possessing a wider product portfolio and manufacturing. The combined organization will own manufacturing and distribution facilities in the U.S., Mexico, and Asia.
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Global Video Laryngoscope Market Segmentation :
By Product
- Reusable
- Single-use
By Type
- Integrated Display Models
- Cart-based Models
By End Users
- Hospitals
- ENT Clinics
- Others (Pre-hospital, EMS, etc.)
By Geography
- North America (the U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
- The Middle East & Africa (GCC, South Africa and the Rest of the Middle East & Africa)
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