Global Video Laryngoscope Market
As stated in our extensive report, the Global Video Laryngoscope Market accounted for USD 484.9 Million in 2022 and is projected to reach a value of USD 1629 Million by 2030.
The Global Video Laryngoscope market has been flourishing recently, and it is expected to continue growing in the future. The growth is attributed to the increased number of patients visiting hospitals for respiratory disease treatment, technological advancements, and the rising demand for non-invasive procedures worldwide. Video Laryngoscope is a technique that involves the use of a small camera and LED light attached to a flexible tube, which is used to examine the interior of the throat, larynx, and vocal cords. Video Laryngoscope is used in emergency medical services, anesthesia, and intensive care units. They facilitate a clear and magnified view of the patient’s airway, making it easy for doctors to undertake tracheal intubation.
The growth in the worldwide geriatric population is a significant driving factor for the Video Laryngoscope market. The elderly are more susceptible to respiratory diseases, requiring more medical attention, including Video Laryngoscope. Additionally, the growing adoption of non-invasive procedures is expected to increase the demand for Video Laryngoscopes. Minimally invasive procedures are preferred because they are less painful, have fewer complications, and require shorter hospital stays.
The growing number of government initiatives aimed at improving healthcare infrastructure in various regions globally has also contributed to the growth of the Video Laryngoscope market. Governments are promoting adopting advanced medical technologies, which has driven the implementation of Video Laryngoscope in hospitals. The high adoption rate of Video Laryngoscope among healthcare service providers due to their ease of use and the accuracy of results is also a major driver of market growth.
Key Factors Influencing Global Video Laryngoscope Market Growth
The growth of the global Video Laryngoscope market can be attributable to the following:
- Advancements in Medical Technology: Advancements in medical technology have significantly shaped the Video Laryngoscope market. The development of new technologies such as HD cameras, wireless connectivity, and portability has boosted the demand for Video Laryngoscope. Video Laryngoscopes have benefited from incorporating high-resolution cameras, video recorders, and real-time image transmission, ensuring improved visualization, accuracy, and safety during endotracheal intubation.
- Increase in the Prevalence of Respiratory Conditions: The prevalence of respiratory conditions such as asthma, COPD, and sleep apnea has increased worldwide. This has increased the demand for intubation, endoscopy, and respiratory care procedures. Video Laryngoscope play a vital role in these procedures, accelerating market growth.
- Growth in the Geriatric Population: Aging populations are more prone to respiratory conditions requiring airway management and intubation. The shift in demographics globally has led to a growing demand for laryngoscope devices, including Video Laryngoscope, to address complex airway challenges in elderly patients.
- Increase in Demand for Minimally Invasive Surgical Procedures: The need for invasive procedures is rising, particularly in the ENT and critical care domains. This can be attributed to the benefits of minimally invasive procedures, including reduced recovery time, reduced bleeding, and increased patient comfort. Video Laryngoscope is extensively used in minimally invasive procedures, fueling market growth.
- Technological Adoption by Healthcare Practitioners: Healthcare practitioners’ willingness to adopt and integrate new technology products has contributed to the growth of the Video Laryngoscope market. Video Laryngoscope is increasingly becoming popular, with robust product features such as ease of use, better visualization, and user-friendly interfaces that simplify navigation and operation, promoting their adoption in the global market.
North America Region to Take Over the Market
North America Video Laryngoscope Market is expected to grow at the highest rate due to the region’s mounting prevalence of respiratory diseases and the growing aging population. Technological advancements in Video Laryngoscope devices, such as advanced software integration and real-time data analysis, drive the market. The technological advances have led to the development of compact and portable Video Laryngoscope devices, which are expected to boost the sales of these devices in the coming years. Moreover, the increasing prevalence of the COVID-19 pandemic has led to a surge in demand for Video Laryngoscope devices for intubation. Moreover, the Asia Pacific Video Laryngoscope market will witness the fastest growth in the forecast period. Factors driving the increase include an increasing geriatric population, the rising prevalence of respiratory disorders and emergencies, and the growing demand for better airway management tools. The portable, hand-held devices are also increasingly used by emergency medical service (EMS) providers, further boosting market growth.
In conclusion, the Video Laryngoscope market is projected to grow majorly due to the increase in respiratory diseases, growth in the geriatric population, advancements in technology, and the implementation of non-invasive procedures. North America dominates the market, but the Asia Pacific region is expected to grow rapidly.
The well-known players of the Global Video Laryngoscope market include Medtronic PLC (Ireland), Karl Storz SE & Co. KG (Germany), Nihon Kohden Corp. (Japan), Ambu A/S (Denmark), Teleflex Inc. (U.S.), Verathon Inc. (U.S.), Olympus Corp. (Japan), Pentax Medical (Japan), Clarus Medical LLC (U.S.) and others.