Global Video Laryngoscope Market, By Type (Rigid and Flexible), Usage (Reusable and Disposable), Model (Integrated Display and Standard), Device Type (Handheld, and Cart Based), Channel Type (Channeled and Non Channeled), Patient Type (Neonate, Pediatric, and Adult), End User (In-Hospital, Pre-Hospital, and Others), Distribution Channel (Direct Tender, Retail Sales, and Online Sales) - Industry Trends and Forecast to 2031.
Video Laryngoscope Market Analysis and Insights
One of the primary factors driving the growth of the global video laryngoscope market is the growing prevalence of chronic obstructive pulmonary disease (COPD). The rising frequency of surgeries across diverse medical specialties also influence the market. However, insurance coverage and reimbursement issues are restraining the market growth.
Data Bridge Market Research analyzes that the global video laryngoscope market is expected to reach USD 1,127,775.00 thousand by 2031 from USD 380,030.00 thousand in 2023, growing with a CAGR of 14.9% in the forecast period of 2024 to 2031.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Rigid and Flexible), Usage (Reusable and Disposable), Model (Integrated Display and Standard), Device Type (Handheld and Cart Based), Channel Type (Channeled and Non Channeled), Patient Type (Neonate, Pediatric, and Adult), End User (In-Hospital, Pre-Hospital, and Others), Distribution Channel (Direct Tender, Retail Sales, and Online Sales)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Ambu A/S, Medtronic, Olympus, Corporation, KARL STORZ SE & Co., KG, Tuttlingen, Verathon Inc., BPL Medical Technologies, Nihon Kohden Corporation, Zhejiang MDKingdom Technology Co., Ltd., International Biomedical, AMBULANC (SHENZHEN) TECH. CO. LTD, HEINE Optotechnik GmbH & Co. KG, and Flexicare (Group) Limited among others
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Market Definition
The global video laryngoscope market can be defined as the collective marketplace encompassing the production, distribution, and consumption of video laryngoscope devices worldwide. A video laryngoscope is a medical device healthcare professionals use to visualize the airway anatomy during endotracheal intubation procedures. It typically consists of a handle, a blade with a built-in camera or optical system, and a monitor that displays real-time images of the patient's airway.
Global Video Laryngoscope Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Growing Prevalence of Chronic Obstructive Pulmonary Disease (COPD)
COPD patients often present with difficult airways due to factors such as anatomical abnormalities, reduced neck mobility, and limited mouth opening. Video laryngoscopes offer better visualization of the airway structures, making intubation and airway management easier and safer in these patients. Proper airway management is crucial in COPD patients to prevent complications such as hypoxemia, hypercarbia, and respiratory distress. Video laryngoscopy reduces the risk of complications associated with difficult intubation, ensuring safer anesthesia induction and airway maintenance during procedures.
Opportunity
- Growing Demand for Single-Use Airway Management Devices
Single-use airway management devices, including disposable video laryngoscopes, are increasingly preferred in healthcare settings because they reduce the risk of cross-contamination and healthcare-associated infections. Unlike reusable devices, which require meticulous cleaning and sterilization procedures between uses, single-use devices eliminate the need for reprocessing and minimize the potential for transmission of infectious pathogens between patients. As healthcare providers prioritize infection control and patient safety, the demand for single-use airway management devices, including video laryngoscopes, continues to grow.
Restraints/Challenges
- Insurance Coverage and Reimbursement Issues
Insurance coverage for medical devices and procedures, including video laryngoscopes and related airway management techniques, may be limited or inconsistent in many healthcare systems. Insurers may not fully cover the cost of video laryngoscopes or may impose restrictions on reimbursement criteria, such as specific indications or patient populations. This limited coverage can deter healthcare facilities and providers from investing in video laryngoscopes, particularly in settings where financial resources are constrained. Even when insurance plans cover video laryngoscopes, reimbursement rates may not adequately reflect the true value of the technology or the costs associated with its use. Low reimbursement rates can make it financially challenging for healthcare providers to recoup their investments in video laryngoscopes. They may disincentive adoption, particularly among smaller healthcare facilities or those serving underserved populations.
- Cost and Affordability of Video Laryngoscope
Video laryngoscopes are generally more expensive than traditional direct laryngoscopes. The higher upfront cost of acquiring video laryngoscopes can be prohibitive for healthcare facilities, particularly those with limited budgets or resources. This initial investment may deter some healthcare providers from purchasing video laryngoscopes, especially when cost containment is a priority.
Healthcare facilities often conduct cost-benefit analyses to evaluate the financial viability of investing in new medical technologies such as video laryngoscopes. While video laryngoscopes offer advantages such as improved visualization and reduced intubation difficulty, healthcare providers must weigh these benefits against the devices' upfront cost and ongoing maintenance expenses. If the perceived benefits do not justify the cost, healthcare facilities may opt to use traditional direct laryngoscopes or other airway management techniques.
Recent Developments
- In January 2024, Intersurgical Ltd has launched LiteScope, a single-use, fully disposable laryngoscope that offers quick and easy intubation while enhancing patient safety. Its innovative one-piece design saves valuable time in emergencies by eliminating the need to connect a separate blade and handle
- In June 2021, Nihon Kohden Corporation announced the launch of its NK Network CareSM Service Program. This all-inclusive solution bundles critical maintenance and security systems together to help monitor, maintain, and secure network systems using Nihon Kohden hardware and software. This has helped the company to strengthen its product portfolio
Global Video Laryngoscope Market Scope
The global video laryngoscope market is segmented into twelve notable segments based on product, usage, model type, device type, channel type, patient type, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the differences in your target markets.
Product
- Rigid
- Flexible
On the basis of product, the market is segmented into rigid and flexible.
Usage
- Reusable
- Disposable
On the basis of usage, the market is segmented into reusable and disposable.
Model
- Integrated Display
- Standard
On the basis of model, the market is segmented into integrated display and standard.
Device Type
- Handheld
- Cart Based
On the basis of device type, the market is segmented into handheld and cart based.
Channel Type
- Channeled
- Non Channeled
On the basis of channel type, the market is segmented into channeled and non channeled.
Patient Type
- Neonate
- Pediatric
- Adult
On the basis of patient type, the market is segmented into neonate, pediatric, and adult.
End User
- In-Hospital
- Pre-Hospital
- Others
On the basis of end user, the market is segmented into in-hospital, pre-hospital, and others.
Distribution Channel
- Direct Tender
- Retail Sales
- Online Sales
On the basis of distribution channel, the market is segmented into direct tender, retail sales, and online sales.
Global Video Laryngoscope Market Regional Analysis/Insights
The global video laryngoscope market is segmented into twelve notable segments based on product, usage, model, device type, channel type, patient type, end user, and distribution channel.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, Egypt, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the presence of major market players and increased technological advancement in the region. The U.S. is expected to dominate the North America region due to its advanced technology adoption, robust infrastructure, and mature market. Germany is expected to dominate the Europe region due to the growing prevalence of Chronic Obstructive Pulmonary Disease (COPD). China is expected to dominate the Asia-Pacific region due to rising healthcare expenditures.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Video Laryngoscope Market Share Analysis
The global video laryngoscope market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major market players operating in the market are Ambu A/S, Medtronic, Olympus, Corporation, , KARL STORZ SE & Co., KG, Tuttlingen, Verathon Inc., BPL Medical Technologies, Nihon Kohden Corporation, Zhejiang MDKingdom Technology Co., Ltd., International Biomedical, AMBULANC (SHENZHEN) TECH. CO. LTD, HEINE Optotechnik GmbH & Co. KG, and Flexicare (Group) Limited among others.
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