Video Laryngoscope Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 – 2030

The Global Video Laryngoscope Market Size accounted for USD 392.3 Million in 2021 and is projected to achieve a market size of USD 1,847.1 Million by 2030 rising at a CAGR of 18.9% from 2022 to 2030. A video laryngoscope is a type of direct laryngoscope in which the clinician does not see the larynx directly. A fiber optic or digital laryngoscope inserted transnasally or transorally is used for better visualization of the larynx.

Video Laryngoscope Market Report Statistics

• Global video laryngoscope market revenue is estimated to reach USD 1,847.1 Million by 2030 with a CAGR of 18.9% from 2022 to 2030
• North America video laryngoscope market share accounted for over 39% shares in 2021
• Asia-Pacific video laryngoscope market growth will record fastest CAGR from 2022 to 2030
• Based on product, rigid video laryngoscopes acquired over 59% of the overall market share in 2021
• According to end-use segment, the in-hospital generated 25% of revenue in the global share
• Growing cases of cancer across the world will fuel the global video laryngoscope market value
• Advent of technologically advanced devices is a popular video laryngoscope market trend that is fueling the industry demand

Big Calls for "Video Laryngoscopes" In the Healthcare Sector

Adequate airway management is critical for patient safety. As an alternative to direct laryngoscope, new tools have been developed. Among these, video laryngoscope has grown in popularity and is now regarded as a first-line technique in airway management. This is due to increased effectiveness combined with multi-person visualization, which improves patient safety during airway management provided by video laryngoscope. Such factors contribute to the expansion of the global video laryngoscope market.

Global Video Laryngoscope Market Dynamics

Market Drivers

• Surge in cancer cases throughout the world
• Increasing elderly population
• Decreased risk of cross-contamination

Market Restraints

• High cost of advanced video laryngoscope
• Strict regulatory process

Market Opportunities

• Advancement in laryngoscope technology
• Advent of COVID-19 pandemic positively impact the industry

Video Laryngoscope Market Report Coverage

Video Laryngoscope Market Growth Factors

Video Laryngoscope Offers 100% Gains for the Clinicians Foster the Growth of Worldwide Market

According to a report released by HealthManagement.org, up to 1,000,000 emergent intubations are performed annually in the acute care setting, both in and out of hospital, in the United States alone. Several studies have shown that there is a wide range of success rates for endotracheal intubation (ETI). It is estimated that 20 clinical trials are required to achieve a 90% success rate, but clinical opportunities for healthcare providers are limited. As a result, as we enter the era of laryngoscopy, questions arise about whether DL will continue to be a viable technical skill to maintain. The video laryngoscope serves as a guiding tool, allowing for consistency in measurement and assessment of airway manipulation. Furthermore, recorded video laryngoscopes provide valuable information to the instructor not only during intubation but also in educating providers by identifying deficiencies or skills that result in unsuccessful or successful attempts. The aforementioned factors have a positive impact on the video laryngoscope market, causing it to grow exponentially during the study period.

Video Laryngoscope Associated Reliability For the Healthcare Clinicians Fuel the Growth of Global Market

According to a report published by the American Society of Anesthesiologists, many healthcare practitioners are now using video laryngoscopes to manage difficult airways. The American Society of Anesthesiologists concluded that a video laryngoscope is superior to a conventional direct laryngoscope in a variety of airway scenarios and as a rescue intubation device. Furthermore, clinicians believe that patients who have difficulty with direct laryngoscopy benefit from the improved laryngeal view rendered on the screen by video technology when compared to direct laryngoscope. When tested on 300 patients, the use of advanced C-MAC video laryngoscope (93%) achieved a higher success rate than direct laryngoscope (84%). As a result, the use of a video laryngoscope in the setting of predicted difficult airway results in a higher success rate of tracheal intubation when compared to a direct laryngoscope.

Video Laryngoscope Market Segmentation

The global video laryngoscope market is segmented as product, usage type, channel type, device type, and end-user. Based on the product, the market is bifurcated into rigid video laryngoscopes and flexible video laryngoscopes. Based on the usage type, the market is classified into reusable video laryngoscope and disposable video laryngoscope. Channel type is segregated as non-channeled video laryngoscope and channeled video laryngoscope. Based on the device type, the market is segmented as cart-based video laryngoscope and handheld video laryngoscope. Furthermore, end-user is segmented as pre-hospital, in-hospital, and others (ENT clinics, Training/Teaching, etc.)

According to product type, the rigid video laryngoscope segment accounts for a significant share of the global video laryngoscopes market. This is because rigid video laryngoscopes are successful in the first attempt of intubation in 80.5% of the population. Furthermore, when compared to rigid laryngoscope, direct laryngoscope is more likely to fail multiple times during the first intubation attempt. According to our video laryngoscope industry analysis, a rigid laryngoscope is used as a first-try intubation device in both the operating room and in an emergency situation. The aforementioned factors boost segmental growth, thereby contributing to the expansion of the global video laryngoscope market.

According to our video laryngoscope market forecast, the reusable usage type segment held the dominating share in 2021 and is expected to maintain this trend from 2022 to 2030. When compared to traditional video laryngoscope, reusable video laryngoscope is preferred for its ease of operation and handling with multifaceted function, which is one of the key factors that attribute for segmental growth, ultimately contributing to the overall video laryngoscope market growth during the projected period.

In terms of end-user segmentation, the in-hospital segment contributes to segmental growth, which in turn fuels the market growth. Historically, in-hospital airway management has dominated the overall market because emergency airway management frequently includes a combination of factors that raise the technicality of intubation while also increasing patient risk. As video laryngoscopes have greater potential, they are in high demand in hospitals. Such factors stimulate the growth of overall video laryngoscope market.

Video Laryngoscope Market By Product

• Rigid Video Laryngoscopes
• Flexible Video Laryngoscopes

Video Laryngoscope Market By Usage Type

• Reusable Video Laryngoscopes
• Channeled Video Laryngoscopes

Video Laryngoscope Market By Channel Type

• Non-Channeled Video Laryngoscopes
• Disposable Video Laryngoscopes

Video Laryngoscope Market By Device Type

• Cart-based Video Laryngoscopes
• Handheld Video Laryngoscope

Video Laryngoscope Market By End-Use

• Pre-hospital
• In-hospital
• Others (ENT Clinics, Training/Teaching Etc.)

Video Laryngoscope Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Video Laryngoscope Market Regional Analysis

North America Dominates the Video Laryngoscope Market; Asia-Pacific to Register Fastest Growing CAGR In The Forthcoming Years

North America has held the dominating share of the video laryngoscope market in the past and is expected to do so again during the forecast period. One of the major factors influencing regional growth is the increasing use of video laryngoscopes in hospitals in North America. Furthermore, new product launches and favorable government policies for quick product approvals stimulate growth in North America, ultimately contributing to the overall growth of the video laryngoscope market.

Asia-Pacific, on the other hand, is expected to have the fastest growing CAGR in the video laryngoscope market. The presence of key players in this region, along with consistent new product launches, supports the growth of the video laryngoscope market in the APAC regional market. For example, in September 2016, Olympus Corporation announced the introduction of big screen surgery with ultra HD specialization for ENT surgeons. Such prominent factors stimulate the overall market growth.

Video Laryngoscope Market Players

Some of the global video laryngoscope companies include PRODOL MEDITEC, Ambu A/S, Medtronic plc, Olympus Corporation, Karl Storz SE & Co. KG, Salter Labs, AAM Healthcare, Nihon Kohden Corporation, Hebei Vimed Medical Device Company, Ltd., and Verathon Inc.