Video Laryngoscope Market (Product - Reusable, and Single Use; Type - Integrated Display Models, and Cart-based Models; End User - Hospitals, ENT Clinics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the video laryngoscope market provides an in-depth analysis of segments and sub-segments in the global as well as regional video laryngoscope market. The study also highlights the impact of drivers, restraints, and macro indicators on the global 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 global video laryngoscope market. According to the report, the global video laryngoscope market is projected to grow at a CAGR of 16% over the forecast period of 2022-2028. The revenue of the video laryngoscope market in 2021 was approximately USD 380 million which is expected to reach around USD 950 million by 2028.

Market Insight

Video laryngoscopes (VLs) are rigid devices that allow indirect laryngoscopy, or visualization of the vocal cords and related airway structures without a direct line of sight. Laryngoscopy can be used to treat some problems in the vocal cords or throat. The video laryngoscope is recommended for intubating a difficult airway. Video laryngoscopy is associated with reduced hospital cost, shorter length of stay, lower ICU admission rates, and fewer complications compared with direct laryngoscopy. Video laryngoscopes of various designs are being manufactured for use in children. Much of the data regarding the efficacy of these devices comes from case reports and case series with very few data from prospective trials. The video laryngoscope has developed over the past few years and is now standard instrumentation in operating rooms. The device provides an indirect view of the glottis.

Video laryngoscopes have increased in use during the pandemic in order to better protect anesthesia providers from potentially aerosolized COVID-19 during intubations. Before that, they were frequently been used to employed in difficult airway situations, where they have become invaluable. Due to the COVID-19 pandemic, airway management guidelines in many countries have recommended video laryngoscopy be used as the first line for all patients requiring intubation. Many centers had access to COVID-19 emergency funds and purchased video laryngoscopes, increasing the accessibility of these devices to a wider range of hospital staff. The COVID-19 pandemic had brought the video laryngoscope increasingly into mainstream anesthetic practice.

The rise in the patient count has led the government to undertake various initiatives to raise awareness, which has anticipated to drive the market growth in the forecasting period. The video laryngoscopy demand is also increasing due to the advanced technologies and improved resolution in order to diagnose and treat the disorder. The side effects related to the procedure such as infection, bleeding, spotting, irritation, and change in pitch while talking are hampering its market growth in the global market. The technological advancements and modernization in the healthcare sector will further create new lucrative opportunities for the video laryngoscope market in the forecasted period.

North America dominates the video laryngoscope market due to widespread awareness of advanced products and research and development activities, the rising presence of well-established healthcare organizations, and promising government initiatives in implementing video laryngoscopes in surgeries. Europe is the second-largest region in the video laryngoscope market due to better healthcare processes and increased implementation of minimally invasive surgeries in the region. Asia-Pacific and Latin America are the expected regions to grow in the video laryngoscope market due to the increasing presence of some key market players, rising research and development activities, and increasing awareness levels for surgical treatment options.

Segment Covered

The report on the global 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.

Companies Profiled:

The report provides profiles of the companies in the market such as PRODOL MEDITEC, Ambu A/S, Medtronic Plc, Nihon Kohden Corporation, Verathon Inc., Salter Labs, VDO Medical In, Hebei Vimed Medical Device Company, Ltd., Olympus Corporation, and XION GmbH.

Report Highlights:

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 driving and restraining this market's growth. 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 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.