The global video laryngoscope market was valued at $123.91 million in 2021, and is estimated to reach $204.56 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Laryngoscopy is a process used to check the vocal cords, throat, and other laryngeal anatomical features using a piece of equipment, called a video laryngoscope. During a video laryngoscopy technique, the voice cords and larynx can be viewed and audibly moved. Direct and indirect laryngoscopy are the two varieties that can be used. By putting a tube (laryngoscope) into the back of the throat, a doctor can perform direct laryngoscopy and examine the throat while removing any foreign bodies or contaminated tissue for biopsy.
The major factors that drive the growth of the video laryngoscope market include, rise in incidence of respiratory diseases, surge in the number of intubations, and advancements in video laryngoscope. In addition, increase in demand for robot assisted surgeries is a key trend of the market, which is expected to fuel the growth during the forecast period.
Significant rise in incidence of respiratory diseases is one leading factor of this market as video laryngoscope is mainly used for diagnosis of diseases associated with throat and larynx. Respiratory disease conditions caused by infections, tobacco use, second-hand smoke inhalation, radon, asbestos, or other types of air pollution. Increase in smoking habits in developing countries rises respiratory disease prevalence. Thus, such high number of cases are expected to boost the video laryngoscope procedures.
Many key market players are adopting inorganic strategies, such as agreement for drug development and production, which also drives the market growth. For instance, in December 2021, SourceMark, LLC and Vizient along with the certified Minority Business Enterprise (MBE), announced its GPO contract for its ClearViz Video Laryngoscope system. Vizient provides solutions that help more than 50% of the nation's acute providers and more than 20% of ambulatory care providers which deliver high-value care to their patients.
In addition, unmet medical demands in developing countries are a lucrative opportunity for the market growth. Conversely, dearth of the skilled professionals for proper handling of the video laryngoscope is expected to hinder the video laryngoscope market growth.
The video laryngoscope market is segmented on the basis of type, usability, end user, and region. On the basis of type, the market is categorized into rigid and flexible. By usability, it is divided into reusable and disposable. By end user, it is segmented into hospitals, clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc, Intersurgical, Ltd, Karl Storz Se & Co. KG, Medtronic Plc, Nihon Kohden Corporation, Olympus Corporation, Prodol Meditec, Roper Technologies, Inc., Sunmed, LLC, SourceMark, LLC, Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical, and Vyaire Medical, Inc.
Laryngoscopy is a process used to check the vocal cords, throat, and other laryngeal anatomical features using a piece of equipment, called a video laryngoscope. During a video laryngoscopy technique, the voice cords and larynx can be viewed and audibly moved. Direct and indirect laryngoscopy are the two varieties that can be used. By putting a tube (laryngoscope) into the back of the throat, a doctor can perform direct laryngoscopy and examine the throat while removing any foreign bodies or contaminated tissue for biopsy.
The major factors that drive the growth of the video laryngoscope market include, rise in incidence of respiratory diseases, surge in the number of intubations, and advancements in video laryngoscope. In addition, increase in demand for robot assisted surgeries is a key trend of the market, which is expected to fuel the growth during the forecast period.
Significant rise in incidence of respiratory diseases is one leading factor of this market as video laryngoscope is mainly used for diagnosis of diseases associated with throat and larynx. Respiratory disease conditions caused by infections, tobacco use, second-hand smoke inhalation, radon, asbestos, or other types of air pollution. Increase in smoking habits in developing countries rises respiratory disease prevalence. Thus, such high number of cases are expected to boost the video laryngoscope procedures.
Many key market players are adopting inorganic strategies, such as agreement for drug development and production, which also drives the market growth. For instance, in December 2021, SourceMark, LLC and Vizient along with the certified Minority Business Enterprise (MBE), announced its GPO contract for its ClearViz Video Laryngoscope system. Vizient provides solutions that help more than 50% of the nation's acute providers and more than 20% of ambulatory care providers which deliver high-value care to their patients.
In addition, unmet medical demands in developing countries are a lucrative opportunity for the market growth. Conversely, dearth of the skilled professionals for proper handling of the video laryngoscope is expected to hinder the video laryngoscope market growth.
The video laryngoscope market is segmented on the basis of type, usability, end user, and region. On the basis of type, the market is categorized into rigid and flexible. By usability, it is divided into reusable and disposable. By end user, it is segmented into hospitals, clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Advin Health Care, Ambu A/S, Flexicare Medical Limited, Vimed Medical, Infinium Medical, Inc, Intersurgical, Ltd, Karl Storz Se & Co. KG, Medtronic Plc, Nihon Kohden Corporation, Olympus Corporation, Prodol Meditec, Roper Technologies, Inc., Sunmed, LLC, SourceMark, LLC, Shenzhen HugeMed Medical Technology Development Co., Ltd, VDO Medical, and Vyaire Medical, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the video laryngoscope market analysis from 2021 to 2031 to identify the prevailing video laryngoscope market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the video laryngoscope market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global video laryngoscope market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Rigid
- Flexible
By Usability
- Disposable
- Reusable
By End user
- Hospitals
- Clinics
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Advin Health Care
- Ambu A/S
- Flexicare Medical Limited
- VIMED MEDICAL
- Infinium Medical, Inc.
- Intersurgical Ltd
- Karl Storz Se & Co. KG
- Medtronic
- Nihon Kohden Corporation
- Olympus Corporation
- Prodol Meditec
- Roper Technologies, Inc (Verathon Inc. )
- Sunmed, LLC
- SourceMark, LLC
- Shenzhen HugeMed Medical Technology Development Co., Ltd
- VDO Medical (Shanghai) Co., Ltd (VDO)
- Vyaire Medical, Inc
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: VIDEO LARYNGOSCOPE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Rigid
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Flexible
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: VIDEO LARYNGOSCOPE MARKET, BY USABILITY
5.1 Overview
5.1.1 Market size and forecast
5.2 Reusable
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Disposable
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: VIDEO LARYNGOSCOPE MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Clinics
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: VIDEO LARYNGOSCOPE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Usability
7.2.4 North America Market size and forecast, by End user
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Usability
7.2.5.1.3 Market size and forecast, by End user
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Usability
7.2.5.2.3 Market size and forecast, by End user
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Usability
7.2.5.3.3 Market size and forecast, by End user
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Usability
7.3.4 Europe Market size and forecast, by End user
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Usability
7.3.5.1.3 Market size and forecast, by End user
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Usability
7.3.5.2.3 Market size and forecast, by End user
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Usability
7.3.5.3.3 Market size and forecast, by End user
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Usability
7.3.5.4.3 Market size and forecast, by End user
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Usability
7.3.5.5.3 Market size and forecast, by End user
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Usability
7.3.5.6.3 Market size and forecast, by End user
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Usability
7.4.4 Asia-Pacific Market size and forecast, by End user
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Usability
7.4.5.1.3 Market size and forecast, by End user
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Usability
7.4.5.2.3 Market size and forecast, by End user
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Usability
7.4.5.3.3 Market size and forecast, by End user
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Usability
7.4.5.4.3 Market size and forecast, by End user
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Usability
7.4.5.5.3 Market size and forecast, by End user
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Usability
7.4.5.6.3 Market size and forecast, by End user
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Usability
7.5.4 LAMEA Market size and forecast, by End user
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Usability
7.5.5.1.3 Market size and forecast, by End user
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Usability
7.5.5.2.3 Market size and forecast, by End user
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Usability
7.5.5.3.3 Market size and forecast, by End user
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Usability
7.5.5.4.3 Market size and forecast, by End user
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Advin Health Care
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Ambu A/S
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Flexicare Medical Limited
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 VIMED MEDICAL
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Infinium Medical, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Intersurgical Ltd
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Karl Storz Se & Co. KG
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Medtronic
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Nihon Kohden Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Olympus Corporation
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Prodol Meditec
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Roper Technologies, Inc (Verathon Inc.)
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Sunmed, LLC
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 SourceMark, LLC
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Shenzhen HugeMed Medical Technology Development Co., Ltd
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 VDO Medical (Shanghai) Co., Ltd (VDO)
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Vyaire Medical, Inc
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Video Laryngoscope Market,' the video laryngoscope market was valued at $123.91 million in 2021, and is estimated to reach $204.6 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.Video laryngoscopy is a procedure used to examine the vocal cords, throat, and other laryngeal anatomical aspects. Strobe light is used during laryngoscopy to give the doctor a clearer image and information about the voice box. Typically, tissue removal occurs after anesthetic has been administered. The larynx, upper tracheal rings, and voice cords can all be seen during an indirect laryngoscopy.
Increase in the prevalence of respiratory disorders fuels market expansion. Due to rapid rise of these diseases, video laryngoscopy is rising in popularity globally. It provides quick and effective treatment for difficult airways. Video laryngoscope market trends for robot-assisted intubation is expected to boost the demand for video laryngoscopes. Owing to developments in intubation, manufacturers have produced cutting-edge technologies that give medical professionals more precision and support. In addition, less surgical complications and quicker recovery associated with the video laryngoscope are also expected to propel the market growth.
Various key market players are expanding their business to generate revenue. For instance, in January 2022, Prodol announced that Mercury Medical will be the exclusive North America distributor partner for its state-of-the-art video laryngoscope product line effective.
Healthcare markets, particularly the video laryngoscope business, have potential in developing nations. As it has largest population share of the world and expanding infrastructure, economies like China and India have a lot of potential for laryngoscopy technology in the future. Conversely lack of skilled professionals is expected to hamper the video laryngoscope market forecast.
The video laryngoscope market analysis is segmented into type, usability and end user. By type, the market is segmented into rigid and flexible. The rigid segment dominated video laryngoscope market share in 2021, owing to increasing product development and spending by market participants. The flexible segment is expected to witness highest CAGR during the forecast period, owing to its benefits over rigid ones. It gives the user the ability to see biopsy tissue, anomalies, or help remove tiny growths like tumors from the area, which promotes growth.
Depending on usability, the market is divided into reusable and disposable. The reusable segment dominated the video laryngoscope market size in 2021, owing to affecting the purchasing decisions of hospitals and medical personnel. The disposable segment is expected to witness highest CAGR during the forecast period, owing to greater use in pre-hospital settings, reduced expenses associated with reprocessing, and reduced risk of cross-infection.
Depending on end user, the market is divided into hospitals, clinics, and others. The hospitals segment dominated the video laryngoscope market size market in 2021, owing the majority of procedure using video laryngoscope are carried out in hospitals. The clinics segment is expected to witness highest CAGR of during the forecast period owing to its expanded use in cases of emergencies, especially in the ENT clinics.
North America accounted for a majority of the global video laryngoscope market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in video laryngoscope techniques, integration of advanced devices, and presence of key and robust hospital infrastructure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing rise in respiratory diseases patient population, development of healthcare infrastructure, and increase in investments projects in the region.
Key findings of the study
- By type, the rigid segment was the highest contributor to the video laryngoscope industry in 2021.
- By usability, the reusable segment was the highest contributor to the video laryngoscope industry in 2021.
- Depending on end user, the hospitals segment was highest contributor in 2021, and is expected to continue this trend during the forecast period.
- Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Advin Health Care
- Ambu A/S
- Flexicare Medical Limited
- Vimed Medical
- Infinium Medical, Inc.
- Intersurgical Ltd.
- Karl Storz SE & Co. KG
- Medtronic
- Nihon Kohden Corporation
- Olympus Corporation
- Prodol Meditec
- Roper Technologies, Inc (Verathon Inc.)
- Sunmed, LLC
- Sourcemark, LLC
- Shenzhen Hugemed Medical Technology Development Co. Ltd.
- Vdo Medical (Shanghai) Co. Ltd (Vdo)
- Vyaire Medical, Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 280 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 123.91 million |
| Forecasted Market Value ( USD | $ 204.56 million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
