A recent report ongoing study by Infinium Global Research on the video laryngoscope market provides an in-depth analysis of segments and sub-segments in the BRICS as well as the regional video laryngoscope market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional video laryngoscope market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the BRICS video laryngoscope market. According to the report, the BRICS video laryngoscope market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Video laryngoscopes resemble traditional laryngoscopes but have a small video chip fixed in their blades to provide laryngeal views for intubation. Video-assisted laryngoscopy may provide a superior view of the larynx compared with direct line-of-sight laryngoscopy.56 The devices are often used as a first-line tool in anticipated difficult laryngoscopy or in attempts to rescue difficult (and unsuccessful) direct laryngoscopic intubations. Their increasing availability and use highlight their promise as new tools for airway management and intubation. There are numerous video laryngoscopes that are commercially available and have been comprehensively reviewed. By using video laryngoscopy, airway management conditions and, subsequently, safety, can be improved, with additional safety benefits from the use of personal protective equipment and barrier enclosure devices.
COVID-19 has infected millions of patients worldwide, with a large proportion of critical patients requiring endotracheal intubation and mechanical ventilation. Tracheal intubation is a potentially aerosol-generating procedure and therefore imposes a large risk on the healthcare workers who use it. The use of a video laryngoscope can allow the operator to stay further away from the patient's airway compared with conventional laryngoscopy and also might help to mitigate the risk associated with close patient contact. In addition, compared with conventional laryngoscopy, video laryngoscopy can facilitate better glottic view, can reduce attempts at intubation in patients with an unpredicted difficult airway, and can reduce laryngeal trauma, thus making this technique safer for patients.
The key market players are increasing their investment in the low-cost development of new generation products. Moreover, the growing implementation of video laryngoscopes and the development of disposable blade laryngoscopes to avoid cross-contamination issues are the key trends projected to propel the market during the forecasting period. The market is restricted by the high cost of laryngoscopes, therefore few players in the market are also focusing on introducing low-cost products creating lucrative opportunities for growth in the upcoming years. The lack of skilled operators is a constraint for the growth of the market as it requires highly skillful operators.
Among the geographies, the BRICS video laryngoscope market is segmented into Brazil, Russia, India, China, and South Africa. China accounted for the majority of the market share of the BRICS video laryngoscope market in 2020 and is anticipated to remain dominant throughout the forecast period. There are 4,097 video laryngoscope suppliers, mainly located in Asia. The top supplying country or region is China, which supplies 100% of video laryngoscopes respectively. About 38% of these are ears, eyes, nose, and throat surgical instruments, 21% are other ultrasonic & electronic equipment, and 10% are anesthesia pieces of equipment & accessories.
The report on the BRICS video laryngoscope market covers segments such as product, type, and end user. On the basis of product, the sub-markets include reusable and single use. On the basis of type, the sub-markets include integrated display models and cart-based models. On the basis of end user, the sub-markets include hospitals, ent clinics, and others.
The report provides profiles of the companies in the market such as Henan Tuoren Medical Device Co., Ltd, Sunny Medical Equipment Limited, MEDSINGLONG CO LTD, SHENZHEN AFKMED CO., LTD, Yiwu Chilin Technology Limited, Guangzhou Yueshen Medical Equipment Co., Ltd., Hangzhou Haizhu MIM Products Co., Ltd., Narang Medical Limited, Hemant Medicam, and Advin Health Care.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the BRICS video laryngoscope market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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