Video Laryngoscope Market to Reach USD 795.0 Million by 2027; Rising Number of Difficult Intubation Procedures to Aid Growth

(The Express Wire via Comtex)

The global ”video laryngoscope industry“ is set to gain impetus from the rising focus of renowned companies on manufacturing novel devices to fulfil the unmet demand for performing difficult intubations from healthcare professionals. Dilon Technologies Inc., for instance, launched CoPilot VL+ in February 2018,to help healthcare providers receive a clear view of the airway while inserting breathing tubes. This information is given by Fortune Business Insights™ in a new report, titled, “Video Laryngoscope Market Size, Share and Industry Analysis, By Product (Reusable, and Single-use); By Type (Integrated Display Models, and Cart-based Models); By End Users (Hospitals, ENT Clinics, and Others (Pre-hospital, EMS, etc.)), 2020-2027.” The report further states that the video laryngoscope market size was USD 219.7 million in 2019 and is projected to reach USD 795.0 million by 2027, exhibiting a CAGR of 17.4% during the forecast period.

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What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

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Drivers and Restraints-

A Need to Prevent Adverse Conditions will Augment Growth

Direct laryngoscope is causingfailure in intubationrapidly worldwide. It often results in severe consequences, such as fatalities, dental damage, brain damage,dysrhythmias, laryngeal spasm,cardiac arrest, bronchospasm, and laryngeal spasm. To prevent these conditions, healthcare providers are nowadays using anesthesia video laryngoscope devices with higher visualization capabilities. It would further contribute to thevideo laryngoscope market growth in the near future.However, these devices are very expensive. Medtronic, for instance, announced that the cost of a reusable device ranges between USD 1,000 to USD 8,000. It may hamper the demand for video laryngoscopedevices.

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Segment-

Reusable Segment to Lead Stoked by Availability of Disposable Blades

Based onthe product, the reusable segment heldthe largest video laryngoscope market share in 2019. This growth is attributable to the availability of disposable blades. Besides, these products are easy to operate and are capable of performing difficult intubation efficiently during emergencies.

Regional Insights-

North America to Remain at Forefront Fueled by Presence of Developed Healthcare Infrastructure

Geographically, in 2019, North America generated USD 93.9 millionin terms of revenue. The region is expected to retain its dominant position throughout the forthcoming years on account of the presence of a well-developed healthcare infrastructure, rising affordability among patients, and surging usage ofstate-of-the-artvideo laryngoscopes.

On the other hand, Europe is set to exhibit a significant CAGR in the near future backed by the rising obese populations that are getting admitted in the emergency department of hospitals. In Asia Pacific, the increasing awareness of the availability of minimally invasive treatment options would propel growth.

Competitive Landscape-

Key Players Focus on Mergers and New Product Developments to Compete with Rivals

The global market for video laryngoscopeis dominated by a few companies, namely, Ambu A/S, Medtronic, and Verathon Inc.Most of these companies are focusing on developing unique devices to cater to the high demand from healthcare institutions. Some of the others are adopting the mergers and acquisitions strategy to gain a competitive edge by opening new firms. Below are the two latest industry developments:

  • December 2020: Scientists of the Mexican Institute of Social Security (IMSS) developed a cost-effective video laryngoscope that performs invasive procedures, such as intubation quickly and accurately. At the same time, it enables better vision.
  • September 2019:SunMed Holdings and Salter Labs merged to provide better service to their customers by possessing a wider product portfolio and manufacturing. The combined organization will own manufacturing and distribution facilities in the U.S., Mexico, and Asia.

A list of all the prominent video laryngoscope providers operating in the global market:

  • VYAIRE MEDICAL, INC. (Illinois, United States)
  • KARL STORZ SE and Co. KG (Tuttlingen, Germany)
  • PRODOL MEDITEC (Guecho, Spain)
  • Marshall Products (Radstock, United Kingdom)
  • Ambu A/S (Copenhagen, Denmark)
  • Intersurgical Ltd. (Wokingham, United Kingdom)
  • Vivid Medical, Inc. (California, U.S)
  • Salter Labs (Texas, United States)
  • Verathon Inc. (Washington, United States)
  • Medtronic (Dublin, Ireland)
  • Other Prominent Players

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Table of Contents

Introduction

  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions

Executive Summary

Market Dynamics

  • Market Drivers
  • Market Restraints
  • Market Opportunities

Key Insights

  • Pricing Analysis, by Key Players/ Brands, 2019
  • Technological Developments in Video Laryngoscopes
  • Impact of COVID-19 on Global Video Laryngoscope Market
  • Key Industry Developments - Mergers, Acquisition, Etc.

TOC Continue…

GlobalVideo Laryngoscope MarketSegmentation :

By Product

  • Reusable
  • Single-use

By Type

  • Integrated Display Models
  • Cart-based Models

By End Users

  • Hospitals
  • ENT Clinics
  • Others (Pre-hospital, EMS, etc.)

By Geography

  • North America (the U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • The Middle East and Africa (GCC, South Africa and the Rest of the Middle East and Africa)

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Video Laryngoscope Market to Reach USD 795.0 Million by 2027; Rising Number of Difficult Intubation Procedures to Aid Growth

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