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
- Published Date:Feb-2024
- Pages: 116
- Format: PDF
- Report ID: PM4575
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
Global video laryngoscope market size was valued at USD 552.64 million in 2023. The market is anticipated to grow from USD 651.40 million in 2024 to USD 2,494.50 million by 2032, exhibiting the CAGR of 18.3% during the forecast period.
The rapid increase in the prevalence of laryngeal diseases around the world and rising usage of laryngoscopes in airway management, along with the surging rate of smokers among the global population and growing air pollution that leads to several respiratory disorders, are key factors driving the global market growth. In addition, there are numerous companies in the market focusing on research & development activities and investing heavily in new product developments that can enhance both the performance and safety during intubations, which, in turn, propels the growth of the market.
- For instance, in April 2023, Verathon introduced its new GlideScope Spectrum QC with the QuickConnect technology. These single-use video laryngoscopes feature a magnetic connector coupled with image enhancers to support fast airway management.
Furthermore, with the continuous increase in the preference for minimally invasive surgeries over open or invasive surgeries globally, the demand and need for minimally invasive laryngoscopic technologies is growing rapidly. Also, key product manufacturers worldwide are expanding their production units and establishing a strong presence in various emerging economies like India, China, and Indonesia in order to cater to emerging demand and diversify their market presence.
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Growth Factors
Rising incidences of respiratory diseases and introduction to advanced technologies, are driving market’s growth
As the number of people suffering from various types of respiratory diseases is growing drastically all over the world, and need for effective video laryngoscopes market demand is highly efficient tool for the placement of breathing tubes between the vocal cords and trachea for maintaining the airway, thereby, boosting the global market growth.
Besides this, several key market companies are extensively focusing on addressing the unmet needs and requirements of healthcare professionals performing crucial intubations. Thus, they are introducing new and more advanced devices for improving the safety and overall performance during the intubation process, which will also propel the growth of the market.
For instance, in April 2022, OMNIVISION introduced new laryngoscope reference designs, including a range of OMNIVISION products, improving patient care by providing clear images for the one-time use of video laryngoscopes.
Restraining Factors
Unavailability of supportive policies and high initial cost restricting market’s growth
High costs associated with the advanced video laryngoscope devices that create a huge barrier to its adoption in low-and-middle income countries, and the lack of favorable reimbursement policies to provide coverage are the key factors expected to hamper the global video laryngoscope market growth.
Report Segmentation
The market is primarily segmented based on product, usage type, channel type, end-use, and region.
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By Usage Type |
By Channel Type |
By End-Use |
By Region |
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By Product Insights
Rigid video laryngoscopes segment accounted for the largest market share in 2023
The rigid video laryngoscopes segment accounted for the largest share. Segment’s dominance is attributed to the increasing use of rigid-type video laryngoscopes over traditional laryngoscopes as they require minimal head manipulation and positioning.
The flexible video laryngoscopes segment is projected to grow at the highest growth. This growth is due to its ability to enable the user to visualize biopsy and abnormalities and aid in the removal of small growths. Moreover, the rising adoption of these laryngoscopes by doctors to access a clear and complete view of the motion of vocal cords is further propelling the segment’s growth.
By Usage Type Insights
The reusable segment held the significant market share in 2023
The reusable segment held the majority market share. Segment’s dominance is driven by the widespread use and adoption of reusable video laryngoscopes because of their numerous advantages, including ease of use and better functionality as compared to conventional laryngoscopes.
The disposable video laryngoscope segment registers the highest growth rate on account of its surging usage in pre-hospital settings and substantial increase in the need and proliferation to reduce operational costs by avoiding or minimizing the reprocessing costs and risk of cross-infection.
By Channel Type Insights
Non-channeled segment led the market with substantial share in 2023
The non-channeled segment led the market, which is majorly driven by its numerous advantages, including ease of insertion and the ability to offer greater flexibility while intubating patients. Apart from this, non-channeled video laryngoscopes offer higher flexibility in the methodology of securing the airway and are being widely used by experienced users worldwide, which, in turn, bodes well for segment market growth.
The channeled segment is also projected to exhibit the highest growth rate. This growth is fueled by the rise in surgical procedures, a growing incidence of respiratory disorders, and a surging prevalence of difficult airways that creates significant demand for efficient or advanced airway management services like channeled video laryngoscopes.
By End-Use Insights
Pre-hospitals segment is expected to witness highest growth
The pre-hospital segment will grow at the highest growth rate over the video laryngoscope market forecast period. Segment’s growth is accelerated by its rising usage in emergency facilities and growing adoption because of its ability to provide improved visualization of the airway structures and also offer fast and more efficient intubation in emergencies.
The in-hospital segment accounted for notable market share, owing to the growing number of airway management procedures being performed under these facilities as it enhances the visualization that contributes to successful intubation on the first try, which makes it a more efficient and safer process for patients and physicians as well.
Regional Insights
North America region dominated the global market in 2023
The North America region dominated the global market. The region’s growth is attributed to the region’s continuously growing geriatric population and prevalence of respiratory disorders in adults, coupled with the significant increase in air pollution and exposure to tobacco smoke that results in effective airway management solutions and processes. For instance, according to our findings, more than 34 million people in the United States are currently living with some type of chronic disease like asthma and COPD, which includes chronic bronchitis and emphysema.
The Asia Pacific region is anticipated to emerge as the fastest growing region. Region’s growth is driven by growing infrastructural and technological up-gradation in the healthcare device sector and constant growth in healthcare infrastructure in emerging economies like China, India, Japan, and Malaysia, which boost the incorporation of advanced video laryngoscopes solutions to meet the unmet needs of patients across the region.
Key Market Players & Competitive Insights
Diversification of product offerings and strategic partnerships to drive competition
The video laryngoscope market growth is highly fragmented. Key players are significantly focusing on the adoption of business expansion strategies, including diversifying product offerings, regional expansion, and new product launches. Also, companies are competing on factors such as improvements in design & ergonomics, integration with digital health platforms, and ensuring compliance with regulatory standards.
Some of the major players operating in the global market include:
- Ambu A/S (Denmark)
- Intersurgical Ltd. UK)
- KARL STORZ SE & Co. KG (Germany)
- Marshall Products (UK)
- Medtronic (Ireland)
- Olympus Corporation (Japan)
- Prodol Meditec (Spain)
- Salter Labs (US)
- Verathon Inc. (US)
- Vivid Medical Inc. (US)
- Vyaire Medical Inc. (US)
Recent Developments in the Industry
- In September 2023, Verathon introduced GlideScope Go 2, which is the latest innovation in handheld video laryngoscopes. The new solution is specially engineered for critical and urgent solutions and also delivers GlideScope confidence and performance in a handheld form factor.
- In January 2023, Timesco Healthcare introduced its new video laryngoscope that is mainly designed to support intubation in patients with different airways at Arab Health 2023. The newly developed system improves visualization, reduces complications, and enhances the success rate of tracheal intubation in pre-hospital settings.
Report Coverage
The video laryngoscope market report emphasizes key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, product, usage type, channel type, end-use, and their futuristic growth opportunities.
Video Laryngoscope Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 651.40 million |
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Revenue forecast in 2032 |
USD 2,494.50 million |
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CAGR |
18.3% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The global video laryngoscope market size is expected to reach USD 2,494.50 million by 2032
Key players in the market are AAM Healthcare, Verathon Inc., Vivid Medical Inc., Vyaire Medical, Olympus Corporation
North America contribute notably towards the global Video Laryngoscope Market
Video laryngoscope market exhibiting the CAGR of 18.3% during the forecast period.
The Video Laryngoscope Market report covering key segments are product, usage type, channel type, end-use, and region.
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