PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449373
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449373
The global video laryngoscope market size is expected to reach USD 2,494.50 million by 2032, according to a new study by Polaris Market Research. The report "Video Laryngoscope Market Share, Size, Trends, Industry Analysis Report, By Product (Rigid Video Laryngoscopes and Flexible Video Laryngoscopes); By Usage Type; By Channel Type; By End-Use; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing awareness and knowledge about the potential benefits of using video laryngoscopes over traditional and conventional devices, including enhanced laryngeal view, better visual confirmation of tube placement, reduced risk of cross-contamination, reduced applied force, and higher success rates, are prominent factors fostering the growth of the global market. Apart from this, companies are introducing advanced and fully disposable video laryngoscope devices that offer several benefits and improved outcomes during several procedures that have also boosted the need and preference for these devices globally.
For instance, in July 2023, Penlon unveiled its new Diamond Video Laryngoscope range, which is specially designed to provide a high-definition image from a camera on the distal end of the blade. It also provides clinicians with a clear and detailed view of the patient's larynx with anti-fogging as standard.
Video laryngoscope is also considered a very innovative and crucial advancement in laryngoscopy because it provides numerous benefits or advantages to the operator and promotes the adoption of various intubation processes, including tracheal intubation. Besides this, video laryngoscope has also been creating a lucrative opportunity for remote supervision that might be helpful for under-resourced hospitals and during pre-hospital emergency airway management.
Furthermore, there has been a development in additive manufacturing techniques over the last few years that has ushered in various new ways for enhancing or improving video laryngoscope manufacturing and designing methods that align with the evolving needs and requirements of the medical field while advancing the potential for improved patient care. Besides this, companies are also focusing on the development of disposable video laryngoscopes as an effective alternative to traditional devices while reducing the risk of cross-contamination.
Rigid video laryngoscope segment accounted for the largest share, driven by adoption by healthcare professionals due to its better positioning
The reusable segment held the majority share, which is attributed to beneficial characteristics over traditional laryngoscopes, like ease of use and functionality
The non-channeled segment led the market, owing to its ability to offer greater flexibility during the intubation process
The pre-hospitals segment will grow at the highest growth rate because of its widespread use in significant use to improve visualization of the overall airway structures
North America dominated the global market on account of the region's growing respiratory disease prevalence and increasing R&D activities.
The key market players include AAM Healthcare, Verathon Inc., Vivid Medical Inc., Vyaire Medical, Olympus Corporation, Nihon Kohden Corporation, and Medtronic
Polaris Market Research has segmented the video laryngoscope market report based on product, usage, channel type, end-use, and region: