Press Release

Apr, 08 2024

Growing Prevalence of Chronic Obstructive Pulmonary Disease (COPD) is driving the Growth of the Global Video Laryngoscope Market

A video laryngoscope is a medical device used by healthcare professionals, particularly anesthesiologists, emergency physicians, and critical care specialists, to visualize the airway during intubation procedures. It consists of a laryngoscope blade with a built-in camera and a display screen, allowing real-time visualization of the larynx and vocal cords.

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Data Bridge Market Research analyzes that the Global Video Laryngoscope Market is expected to reach USD 1,127,775.00 thousand by 2031 from USD 380,030.00 thousand in 2023, growing with a CAGR of 14.9% in the forecast period of 2024 to 2031.

Key Findings of the Study

Video Laryngoscope Market

Rising Frequency of Surgeries across Diverse Medical Specialties

Many surgical procedures involve patients with comorbidities or anatomical variations that may present challenges during airway management. Examples include patients with obesity, obstructive sleep apnea, head and neck tumors, or cervical spine instability. In such cases, traditional direct laryngoscopy may be insufficient for obtaining a clear view of the glottis, increasing the risk of intubation-related complications. Video laryngoscopes offer improved visualization and navigation of the airway, allowing healthcare providers to overcome these challenges and perform intubation safely and efficiently.

The rising frequency of surgeries across diverse medical specialties drives the growth of the global video laryngoscope market by increasing the demand for advanced airway management tools. Video laryngoscopes play a crucial role in ensuring efficient and safe intubation during surgical procedures, thereby enhancing patient safety and optimizing surgical outcomes. As surgical volumes continue to rise, the adoption of video laryngoscopes is expected to further expand, fueling the market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable 2016-2021)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Products (Rigid and Flexible), Usage (Reusable and Disposable), Model (Integrated Display and Standard), Device Type (Handheld and Cart based), Channel Type (Channeled and Non-Channeled), Patient Type (Neonate, Pediatric, and Adult), End User (In-Hospital, Pre-hospital, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Online Sales)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

Ambu A/S (Denmark), Medtronic (U.S.), Olympus Corporation (U.S.), KARL STORZ SE & CO. KG, Tuttlingen (Germany), Verathon Inc. (U.S.), Advin Health Care (India), AUG Medical (U.S.), AMBULANC (SHENZHEN) TECH. CO. LTD. (China), BPL Medical Technologies (India), and Flexicare (Group) Limited (UK) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, and regulatory framework

Segment Analysis

The global video laryngoscope market is segmented into eight notable segments based on products, usage, model, device type, channel type, patient type, end user, and distribution channel.

  • On the basis of products, the market is segmented into rigid and flexible

In 2024, the rigid segment is expected to dominate the Global Video Laryngoscope Market

In 2024, the rigid segment is expected to dominate the market with a market share of 80.53% due to the increasing prevalence of respiratory diseases.

  • On the basis of usage, the market is segmented into reusable and disposable

In 2024, the reusable segment is expected to dominate the Global Video Laryngoscope Market

In 2024, the reusable segment is expected to dominate the market with a market share of 86.22% due to the increasing focus on cost-effective solutions.

  • On the basis of model, the market is segmented into integrated display, and standard. In 2024, the integrated display segment is expected to dominate the market with a market share of 91.88%
  • On the basis of device type, the market is segmented into hand held and cart based. In 2024, the hand held segment is expected to dominate the market with a market share of 93.06%
  • On the basis of channel type, the market is segmented into channelled, and non-channelled. In 2024, the channelled segment is expected to dominate the market with a market share of 54.15%
  • On the basis of patient type, the market is segmented into neonate, pediatric, and adult. In 2024, the neonate segment is expected to dominate the market with a market share of 42.57%
  • On the basis of end user, the market is segmented into in-hospital, pre-hospital, and others. In 2024, the in-hospital segment is expected to dominate the market with a market share of 58.10%
  • On the basis of distribution channel, the market is segmented into direct tender, retail sales, and online sales. In 2024, the direct tender segment is expected to dominate the market with a market share of 77.03%

Major Players

Data Bridge Market Research analyzes Ambu A/S (Denmark), Medtronic (U.S.), Olympus Corporation (U.S.), KARL STORZ SE & CO. KG, Tuttlingen (Germany), and Verathon Inc. (U.S.) are the major companies operating in the global video laryngoscope market.

Video Laryngoscope Market

Market Developments

  • In September 2023, Verathon Inc. has announced the launch of GlideScope Go 2, which is a latest innovation in handheld video laryngoscopes. It is designed for urgent and critical situations and delivers GlideScope performance in a handheld form factor. It has enhanced the company's market position by providing healthcare professionals with a reliable and efficient tool for urgent and critical airway management situations
  • In May 2023, Verathon Inc. has announced its latest enhancement in Total Airway Solution, GlideScope Core which now features a Full HD (FHD) display, offering clinicians improved display resolution to enhance their patient care experience. It has improved the company's position by providing clinicians with a more advanced tool for patient care, potentially increasing market demand and customer satisfaction
  • In May 2023, Flexicare (Group) Limited announced that it successfully completed the acquisition of Clement Clarke International (CCI), a renowned UK-based medical devices manufacturer. This acquisition will stregthen Flexicare's product offerings and market presence, enhancing its position as a leading provider of medical devices.
  • In May 2022, Ambu launched its Ambu aView 2 Advance Display Unit for use with endoscopes in Europe and the United States. The Ambu aView 2 Advance can be used with Ambu's bronchoscope, rhinolaryngoscope, or cystoscope while offering the option to transfer recorded data to the hospital's electronic health records. These continuous product launches in the region are anticipated to drive the growth of the country's market
  • In January 2024, Intersurgical Ltd has launched LiteScope, a single-use, fully disposable laryngoscope that offers quick and easy intubation while enhancing patient safety. Its innovative one-piece design saves valuable time in emergencies by eliminating the need to connect a separate blade and handle

Regional Analysis

Geographically, the countries covered in the global video laryngoscope market report U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, Egypt, Israel, and rest of the Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is estimated to be the dominant region in the market.

North America is expected to dominate the video laryngoscope market owing to the rising healthcare expenditure. 

Asia-Pacific is estimated to be fastest growing region in the market.

Asia-Pacific is expected to be the fastest growing country because of its growing healthcare infrastructure.

For more detailed information about the global video laryngoscope market report, click here – https://www.databridgemarketresearch.com/reports/global-video-laryngoscope-market


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