The global video laryngoscope market generated $123.9 million in 2021, and is projected to reach $204.6 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
What is the Video Laryngoscope?
Video laryngoscopy is a procedure used to examine the vocal cords, throat and other anatomical aspects of the larynx. Strobe light is used during laryngoscopy to give the doctor a clearer image and information about the larynx. Usually, the tissue is removed after the anesthetic is administered. The larynx, upper tracheal rings, and vocal cords can be viewed during an indirect laryngoscopy.
How big is Video Laryngoscope Market?
Based on region, the market across North America held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 5.9% during the forecast period.
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- CAGR: 5.1%
- Current Market Size: USD 123.9 Million
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2021 – 2031
- Base Year: 2021
(𝐈𝐧 𝐭𝐨𝐝𝐚𝐲’𝐬 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐢𝐬 𝐚 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐬𝐭𝐞𝐩 𝐢𝐧 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭 𝐭𝐚𝐫𝐠𝐞𝐭 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐬𝐞𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐞𝐝𝐬. 𝐖𝐡𝐢𝐥𝐞 𝐟𝐨𝐫𝐦𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐞𝐯𝐞𝐫𝐲 𝐟𝐚𝐜𝐞𝐭 𝐚𝐧𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐩𝐫𝐨𝐛𝐥𝐞𝐦 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐬𝐞𝐜𝐭𝐨𝐫 𝐢𝐬 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡𝐥𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝. 𝐈𝐭 𝐚𝐥𝐬𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐬 𝐧𝐮𝐦𝐞𝐫𝐨𝐮𝐬 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐫𝐞𝐟𝐨𝐫𝐦𝐬, 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭, 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐛𝐞𝐡𝐚𝐯𝐢𝐨𝐮𝐫, 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐚𝐧𝐝 𝐟𝐮𝐭𝐮𝐫𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐫𝐚𝐩𝐢𝐝𝐥𝐲 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐛𝐫𝐞𝐚𝐤𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐬. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐢𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐨𝐫𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐩𝐥𝐚𝐧𝐬 𝐚𝐧𝐝 𝐩𝐨𝐥𝐢𝐜𝐢𝐞𝐬.)
Impact of COVID-19 on the Video Laryngoscope Market-
- The outbreak of COVID-19 had a negative impact on the growth of the global video laryngoscope market.
- During the pandemic, technique for visualizing the endotracheal pathway became extremely popular among healthcare workers due to enhanced visualizations that helped to enable intubation and prevent direct contact between patient and healthcare practitioner.
- Most of the emergency rooms and intensive care units were set up to assist patients who were experiencing respiratory distress while lowering the risk of cross-infection. Thus, significant importance was given to respiratory related problems and diseases during the pandemic.
- The market is further expected to grow exponentially in the coming years with rise in respiratory diseases among people around the world.
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the specialty medical chairs market analysis from 2021 to 2031 to identify the prevailing specialty medical chairs 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 specialty medical chairs 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 specialty medical chairs market trends, key players, market segments, application areas, and market growth strategies.
- Depending on usability, the market is divided into reusable and disposable. The reusable segment dominated the video laryngoscope market size in 2021, owing to affecting the purchasing decisions of hospitals and medical personnel. The disposable segment is expected to witness highest CAGR during the forecast period, owing to greater use in pre-hospital settings, reduced expenses associated with reprocessing, and reduced risk of cross-infection.
Depending on end user, the market is divided into hospitals, clinics, and others. The hospitals segment dominated the video laryngoscope market size market in 2021, owing the majority of procedure using video laryngoscope are carried out in hospitals. The clinics segment is expected to witness highest CAGR of during the forecast period owing to its expanded use in cases of emergencies, especially in the ENT clinics.
North America accounted for a majority of the global video laryngoscope market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in video laryngoscope techniques, integration of advanced devices, and presence of key and robust hospital infrastructure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing rise in respiratory diseases patient population, development of healthcare infrastructure, and increase in investments projects in the region.
Some of the Top Players in the Global Market Are:
- 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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