PUBLISHER: SkyQuest | PRODUCT CODE: 1165280
PUBLISHER: SkyQuest | PRODUCT CODE: 1165280
Global Video Laryngoscope Market was valued at USD 398.7 million in 2021, and it is expected to reach a value of USD 825 million by 2028, at a CAGR of 18.1% over the forecast period (2022-2028).
One of the main drivers of market expansion is the growing understanding of the advantages of employing video laryngoscopes over traditional ones. These advantages include reduced applied force, improved laryngeal view, visual confirmation of tube installation, less danger of cross-contamination, and increased success rates for rescue procedures following direct laryngoscopy failure. These will drive the demand for video laryngoscope in the global market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Video Laryngoscope Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.
Segments covered in this report:
The global video laryngoscope market is segmented on the basis of product type, usage type, end-user, and region. Based on Product type, the market is segmented into rigid video laryngoscopes and flexible video laryngoscopes. Based on usage type, the market is segmented into reusable video laryngoscopes and disposable video laryngoscopes. Based on the end-user, the market is segmented into Pre-hospital, In-hospital, and others. Based on region, the global Video laryngoscope market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
Video laryngoscopy has made it possible to intubate patients on a ventilator. A video laryngoscope significantly reduces intubation errors and improves training, learning, and feedback. Additionally, it prevents medical professionals' faces from contacting patients' airways, lowering the possibility of contamination.
Restraint
The global video laryngoscopes market is expected to face restraints during the forecast period as the adoption rate for anesthesia is lower in emerging economies. The market is also impacted due to low and unfavorable reimbursement policies that provide coverage. High costs and expensive maintenance are expected to hinder market growth during the forecast period, thus creating challenges for players operating in the market.
Market Trends
The rising incidence of respiratory disorders highly influences the market for video laryngoscopes. Due to the expanding target population, rising exposure to cigarette smoke, and rising pollution, these figures are predicted to increase with time. These elements are projected to increase demand for video laryngoscopes as a whole. Further enhancing the revenue is the increased use of airway control in pediatrics.