The global video laryngoscope market size is anticipated to reach USD 2,150.2 million by 2030, according to a new report by Grand View Research, Inc. 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.
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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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.
List of major companies of Video Laryngoscope Market
- Prodol Meditec
- Ambu A/S
- Medtronic
- KARL STORZ
- NIHON KOHDEN CORPORATION
- Verathon, Inc.
- AAM Healthcare
- Hebei Vimed Medical Device Company, Ltd.
- Olympus Corporation
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We have segmented the global video laryngoscope market on the basis of product, application, channel, device, end use, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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