Global Video Laryngoscope Market by Product (Rigid, Flexible), by Usage Type (Disposable, Reusable) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global video laryngoscope markets were valued at USD 352.7 Million in 2020. It is expected to grow at an annual compound growth rate (CAGR of 18.1%) between 2021 and 2028. Market growth is being driven by the growing awareness about the many benefits of video laryngoscopes compared to conventional ones. This is driving demand and promoting market growth.

Market has been positively affected by the COVID-19 pandemic. Intensive care units and emergency departments are now looking for ways to help patients with respiratory distress and reduce the risk of cross-infection. Video laryngoscopy is a viable option to intubate patients who are being placed on ventilators. A video laryngoscope is a viable option for intubating patients. It reduces mistakes and improves feedback, learning and teaching.

The ventilators also keep healthcare professionals' faces away from patients' airways, reducing the chance of contamination. To meet growing demand, Nihon Kohden began increasing production of ventilators as well as devices for airway management in 2020. Medtronic reported positive growth in 2020 due to the increased demand for ventilators and airway products. The pandemic had a positive effect on the market for videolaryngoscopes.

Video laryngoscopes are also being driven by the rising incidence of respiratory diseases. The WHO estimates that 65.0 million people have COPD and that 3 million people die annually from lung-related diseases. These numbers are expected to increase over time due to increasing population, increased exposure to tobacco smoke, as well as pollution. These factors are expected to increase the overall market for video aryngoscopes. The revenue is also being boosted by the increased use of pediatric airway management.

Product Insights

In 2020, the rigid segment held the largest share of revenue at over 59.0% and dominated the market in video laryngoscopes. Segment growth will be driven by product development and investments from market players. Another factor driving market growth is the declining use of traditional laryngoscopes. Because rigid video laryngoscopes can overcome limitations such as direct laryngoscopy or line-of-sight, this is another reason for market growth. Rigid video laryngoscopes, in comparison to traditional direct laryngoscopy require very little head manipulation and positioning.

Due to its superiority over rigid segments, the flexible video laryngoscope segment will show the most rapid growth during the forecast period. The flexible video laryngoscope segment allows the user to see biopsy tissue and abnormalities. It also aids in the removal of small growths such as polyps from the area, which can help propel growth. Additionally, the camera can be controlled precisely so that the doctor has a clear view of the movement of the vocal chords. These factors will drive segment growth during the forecast period.

Useage Type Insights

In 2020, the reusable segment accounted for more than 71.0% of the market. The reusability of the device plays a major role in the purchasing decisions of hospitals and medical professionals. These devices are preferred because they are easier to use and more functional than traditional laryngoscopes. The high price of reusable laryngoscopes is also a major driver for this segment. Although they are more expensive initially, reusable laryngoscopes don't need to be replaced as often, which is contributing to their growing popularity and high market share.

Due to its increased use in pre-hospital settings, disposable video laryngoscopes is expected to experience the fastest growth. The growth is also being driven by the increasing need to lower operational costs, avoiding reprocessing and minimizing cross-infection. Nihon Kohden introduced the NK AWS S200 video laryngoscope to the U.S. in July 2020. This expanded its critical care portfolio. These devices were in high demand during the pandemic because they can be used to protect clinicians and patients with other respiratory infections.

Channel Type Insights

The market leader in video laryngoscopes was the non-channeled segment. It held 53.0% of the total revenue in 2020. This is due to the blades' flexibility in intubating patients, and their suitability for more experienced users. Overall, it is easier to insert non-channeled blades than channeled. They also give experienced users more control over the method of securing their airway. Experienced users might prefer channeled blades over non-channeled. Karl Storz's Flexible Intubation Video Endoscopes range (FIVE), integrates with its C-MAC system, allowing customers to have a complete airway management solution. Instrument cleaning is also quick and easy because there is no channel.

The channeled blades can be used by non-experienced users to increase demand. Channeled blades can also overcome some of the limitations of nonchanneled knives. Channeled blades, for instance, reduce the risk of injury and time required to make exploratory moves with the tracheal tubes with the non-channeled knife during the first phase. The screen does not show the tip of the tube. Channeled video laryngoscopes don't require a flexible stylet to insert the tracheal tubes according to the curvature of the blade. These factors will drive the segment's growth over the forecast period.

Device Type Insights

The market leader in video laryngoscopes was the cart-based segment, which accounted for more than 62.0% of the total market share in 2020. These laryngoscopes are used in hospitals where most of the intubation and other procedures for managing the airways takes place. Cart-based video laryngoscopes provide a clearer and larger view of the airway passage, allowing for precise insertion of a tube. This will be the main driver of segment growth. C-MAC S by Karl Storz, for example, is a cart-based laryngoscope which is used to assist intubation by providing clear and unobstructed views of the vocal cords and airway.

End-use Insights

In-hospitals dominated the market in video laryngoscopes in 2020 and held the largest revenue share at over 53.0%. This is due to the high number of airway management procedures that are performed in these facilities. Video laryngoscopes are becoming more popular due to their enhanced visualization, which allows for successful intubation the first time. This makes the procedure safer for both patients and doctors than traditional direct laryngoscopy. Ambu strengthened its position as an endoscopy company by extending contracts to 2 U.S. Group Purchasing Organizations. This allowed nearly 90% of U.S. hospitals access to Ambu's line of single-use endoscopes. These include rhino laryngoscopes, bronchoscopes, and cystoscopes.

Due to the increased use of emergency facilities, the pre-hospitals segment will experience the greatest growth. However, emergency endotracheal inflation in pre-hospital settings has its limitations. Pre-hospital environments can be difficult and dangerous for patients.

Regional Insights

North America was the dominant market for video laryngoscopes in 2020, accounting for more than 38.0% of the total revenue. This is due to both the high incidence of respiratory disorders in the adult population and the growing number of children with them. The market is expected to be driven by an increase in pollution and tobacco smoking, which can trigger respiratory disorders. Market growth is expected to be boosted by strict guidelines from the American Society of Anesthesiologists and other healthcare organizations, as well as growing government initiatives in the region.

Asia Pacific will experience the fastest growth rate during the forecast period. This can be explained by the region's high level of disease, unmet medical needs, frequent technological and infrastructural up-gradations in the medical device sector, and increased healthcare spending. A WHO report states that the Asian region is the most affected by COPD, with the incidence rate at 6.5% in 2019.

Market Share Insights & Key Companies

Video laryngoscopes are a fragmented market with many small and large industry players. To gain market share, key players adopt business strategies that include regional expansion, diversifying product offerings, collaborations, partnerships, and product launches. Ambu was granted FDA approval in May 2021 for VivaSight 2DLT. The company was able to commercialize the product, and expanded its single-use pulmonology line. Karl Storz Endoscopy America Inc. opened a new facility in Auburn, U.S.A, which includes a warehouse, production area, and office. This was to expand its market penetration. The video laryngoscope market is dominated by the following players:

• Prodol Meditec

• Ambu A/S

• Medtronic

• KARL STORZ SE & Co. KG

• Nihon Kohden Corporation

• Verathon Inc.

• Salter Labs

• VDO Medical Inc.

• AAM Healthcare

• Hebei Vimed Medical Device Company, Ltd.

• Olympus Corporation

Up Market Research published a new report titled “Video Laryngoscope Market research report which is segmented by Product (Rigid, Flexible), by Usage Type (Disposable, Reusable), By Players/Companies VDO Medical Inc, AAM Healthcare, Hebei Vimed Medical Device Company Ltd, KARL STORZ SE & Co KG, Ambu A/S, Olympus Corporation, Medtronic, Verathon Inc, Prodol Meditec, Salter Labs, Nihon Kohden Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Video Laryngoscope Market Report Segments:

The market is segmented by Product (Rigid, Flexible), by Usage Type (Disposable, Reusable).

Video Laryngoscope Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Video Laryngoscope Market

Overview of the regional outlook of the Video Laryngoscope Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Video Laryngoscope Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Video Laryngoscope Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rigid

                2. Flexible

                1. Disposable

                2. Reusable

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Video Laryngoscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Video Laryngoscope Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.