The global video laryngoscope market size is anticipated to reach USD 2.15 billion by 2030, according to a new report. The market is expected to expand at a CAGR of 18.3% from 2024 to 2030. The growing number of respiratory disorders and increasing preference for video laryngoscopy over direct laryngoscopy are boosting the growth.
The rising incidence of COPD is expected to increase the adoption of advanced airway management devices such as video laryngoscopes and minimize the healthcare expenditure associated with the use of conventional methods. Moreover, the rise inpatient population has led the government to undertake various initiatives to raise awareness, which is also anticipated to drive the market. The battery-operated, self-contained, lightweight, and wireless devices are being introduced in the market, which allows healthcare providers to maintain medical records, track the health status of patients, and obtain data within a limited time.
Increased usage of these devices during the COVID-19 pandemic is further boosting its demand. In many countries such as Australia and New Zealand, it's recommended to use video laryngoscopes in the first attempt of intubation to reduce the risk of contamination. The industry players also ramped up their production process in the first quarter of 2020 to cater to the growing demand, thereby, affecting the growth rate over the forecast year.
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The rising incidence of COPD is expected to increase the adoption of advanced airway management devices such as video laryngoscopes and minimize the healthcare expenditure associated with the use of conventional methods. Moreover, the rise inpatient population has led the government to undertake various initiatives to raise awareness, which is also anticipated to drive the market. The battery-operated, self-contained, lightweight, and wireless devices are being introduced in the market, which allows healthcare providers to maintain medical records, track the health status of patients, and obtain data within a limited time.
Increased usage of these devices during the COVID-19 pandemic is further boosting its demand. In many countries such as Australia and New Zealand, it's recommended to use video laryngoscopes in the first attempt of intubation to reduce the risk of contamination. The industry players also ramped up their production process in the first quarter of 2020 to cater to the growing demand, thereby, affecting the growth rate over the forecast year.
Video Laryngoscope Market Report Highlights
- The rigid video laryngoscopes segment dominated the market in 2023, accounting for a revenue share of 59.4%.
- The reusable video laryngoscopes segment accounted for the largest revenue share in 2023.
- The cart-based segment accounted for the highest revenue share in 2023. This type of laryngoscope is widely used in hospitals, where the majority of intubation and other airway procedures are performed.
- The in-hospital segment dominated the market and accounted for the largest revenue share in 2023.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Video Laryngoscope Market Variables, Trends, & Scope
Chapter 4. Video Laryngoscope Market: Product Estimates & Trend Analysis
Chapter 5. Video Laryngoscope Market: Application Estimates & Trend Analysis
Chapter 6. Video Laryngoscope Market: Channel Estimates & Trend Analysis
Chapter 7. Video Laryngoscope Market: Device Estimates & Trend Analysis
Chapter 8. Video Laryngoscope Market: End Use Estimates & Trend Analysis
Chapter 9. Video Laryngoscope Market: Regional Estimates & Trend Analysis
Chapter 10. Competitive Landscape
Companies Mentioned
- Prodol Meditec
- Ambu A/S
- Medtronic
- KARL STORZ
- NIHON KOHDEN CORPORATION
- Verathon, Inc.
- AAM Healthcare
- Hebei Vimed Medical Device Company, Ltd.
- Olympus Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 669.1 Million |
| Forecasted Market Value ( USD | $ 2150.2 Million |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
