Video Laryngoscope Market Worth $1.3 Billion By 2028 | CAGR: 18.1%

Video Laryngoscope Industry Overview

The global video laryngoscope market size was valued at USD 352.7 million in 2020 and is estimated to expand at a compound annual growth rate (CAGR) of 18.1% from 2021 to 2028. 

The rising awareness of the benefits of using video laryngoscopes over conventional ones is a key factor contributing to market growth. These benefits include reduction in applied force, enhanced laryngeal view, visual confirmation of tube placement, decreased risk of cross-contamination, and higher rates of successful rescue after the failure of direct laryngoscopy which is boosting demand.

Gather more insights about the market drivers, restrains and growth of the Global Video Laryngoscope Market

The COVID-19 pandemic has positively impacted the market as emergency departments and intensive care units look for ways to support patients in respiratory distress while lowering the risk of cross-infection. Video laryngoscopy has emerged as a viable option for intubating patients being put on a ventilator. The availability of a video laryngoscope also minimizes errors during intubation and enhances feedback, learning, and teaching.

It also keeps the face of healthcare technicians away from the airways of the patients, thus reducing the risk of contamination. Nihon Kohden started ramping up his production of ventilators and airway management devices in 2020 to meet the growing demand. Moreover, Medtronic also reported positive growth in 2020 owing to increased demand for airway products and ventilators. So the pandemic has a positive impact on the market for video laryngoscopes.


 The increasing prevalence of respiratory diseases is also a key factor driving the market for video laryngoscopes. According to the WHO, around 65.0 million people suffer from COPD, and 3 million die each year due to lung-related diseases as of 2019. These estimates are expected to rise over the years owing to the growing target population, increasing exposure to tobacco smoke, and pollution. These factors are anticipated to boost the overall market for video laryngoscopes. Moreover, increased usage of airway management in pediatrics is further boosting the revenue.

Browse through Grand View Research's Medical Device Industry Research Reports.

  • Corneal Implants Market: The global corneal implants market size was valued at USD 392.9 million in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.
  • Wearable Injectors Market: The global wearable injectors market size was valued at USD 6.66 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.29% from 2022 to 2030.

Video Laryngoscope Market Segmentation

Grand View Research has segmented the global video laryngoscope market on the basis of product, usage type, channel type, device type, end use, and region:

Video Laryngoscopes Product Outlook (Revenue, USD Million, 2016 - 2028)

  • Rigid Video Laryngoscopes
  • Flexible Video Laryngoscopes

Video Laryngoscopes Usage Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Reusable Video Laryngoscopes
  • Disposable Video Laryngoscopes

Video Laryngoscopes Channel Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Non-Channeled Video Laryngoscopes
  • Channeled Video Laryngoscopes

Video Laryngoscopes Device Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Cart based Video Laryngoscopes
  • Handheld Video Laryngoscopes

Video Laryngoscopes End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Pre-Hospital
  • In-Hospital
  • Other (ENT Clinics, Training/Teaching Etc.)

Video Laryngoscopes Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

  • May 2021: Ambu received U.S. FDA clearance for VivaSight 2 DLT. This enabled the company to commercialize the product and extended its single-use pulmonology lineup.
  • June 2019: Karl Storz Endoscopy-America Inc. opened a new facility including a modern warehouse, production facility, and office center in Auburn, U.S. to increase its market penetration.

Key Companies profiled:

Some of the prominent players in the video laryngoscope market include:

  • 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

Order a free sample PDF of the Video Laryngoscope Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Food and Beverage ERP Solutions Procurement Intelligence: Food and Beverage ERP Solutions category is expected to have pricing growth outlook of 8.2% From 2023 To 2030

  Food and Beverage ERP Solutions Category Overview The food and beverage ERP solutions category is expected to grow at a CAGR of 8.2% from 2023 to 2030.Consumers are increasingly seeking transparency and traceability in the food and beverage business, which is fuelling this category's growth. ERP solutions can help businesses to track the origin of their ingredients and products, which can in turn help ensure food safety and meet consumer demand. The supply chain for the food and beverage industry is complex and has a wide range of players. ERP solutions can help businesses to optimize their supply chains, improve efficiency, and reduce costs. Technologies such as cloud computing, barcode scanning, and RFID labels are used under this category. Cloud computing offers a cost-effective and scalable solution for hosting ERP software, enabling remote access to data and applications. Barcode scanning is a fast and efficient method for tracking inventory and materials, improving traceabi...
Read more

Contact Center Software Market Worth $149.58 Billion By 2030

Contact Center Software Industry Overview The global contact center software market size was valued at USD 23.94 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 23.2% from 2022 to 2030.  The growth of the market can be attributed to the growing adoption of cloud-based and virtual contact center solutions to achieve better business continuity. Contact centers across the globe are focusing on transforming customer experience from a single interaction to an entire journey of consistent and personalized interactions. At this juncture, contact center software is helping businesses in ensuring a seamless customer experience across all communication channels. The strong emphasis businesses are putting on streamlining and personalizing customer interactions to enhance customer satisfaction is driving the growth of the market. According to a study by Salesforce.com, Inc., around 84% of customers consider the experience provided by a particular company e...
Read more

Manned Guarding Services Procurement Intelligence : Manned Guarding Services Category Is Expected to Grow at CAGR of 13.5% From 2024 to 2030

  Manned Guarding Services Category Overview The manned guarding services category is anticipated to witness growth at a CAGR of 13.5% from 2024 to 2030. Asia Pacific dominates the global category, followed by North America (with the fastest growth rate) and Europe. Rising standards of living, urbanization, and population are the key factors driving Asia Pacific’s growth. In addition, the region’s expanding tourism industry, coupled with political and economic stability, is also propelling the category’s expansion. The growing usage of technologies, such as access control systems and CCTV, is propelling the demand for the services offered in the category in North America. It has also helped companies to cut expenses while improving the safety of their employees and facilities. The demand in Europe is driven by the demand for more security at public events and venues and the growing incidence of terrorist incidents. Order your copy of the  Manned Guarding Services Pro...
Read more