Global Video Laryngoscope Market to Reach USD 825 Million by 2028

According to the latest research by SkyQuest Technology, the global video laryngoscope market was valued at USD 398.7 million in 2021, and it is expected to reach USD 825 million by 2028, with a CAGR of 18.1% during the forecast period of 2022 - 2028. The research provides an up-to-date video laryngoscope market analysis of the current market landscape, latest trends, drivers, and overall market environment.

The global video laryngoscopy market is expanding as a result of factors such as improved equipment availability, cheaper procedures, and enhanced reliability. All of the emergencies brought on by video laryngoscopy have led to a rise in the use of laryngoscopy techniques.

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Reliability of Video Laryngoscopes for Medical Professionals is What Drives the Expansion of the Global Market
The American Society of Anesthesiologists said that many medical professionals now use video laryngoscopes to manage challenging airways. A video laryngoscope is superior to a traditional direct laryngoscope in a range of airway settings and as a rescue intubation tool, according to the American Society of Anesthesiologists. Additionally, doctors think that patients who have trouble with direct laryngoscopy benefit from the enhanced laryngeal image provided on the screen by video technology as opposed to direct laryngoscopy. Advanced C-MAC video laryngoscopes (93 percent) outperformed direct laryngoscopes in a study involving 300 patients (84%). Therefore, when compared to a direct laryngoscope, the use of a video laryngoscope in the situation of a projected difficult airway leads in a better success rate of tracheal intubation.

Read Market Research Report, "Global Video Laryngoscope Market by Product Type (Rigid Video Laryngoscopes and Flexible Video Laryngoscopes), Usage Type (Reusable Video Laryngoscopes and Disposable Video Laryngoscopes), End-User (Pre-hospital, In-hospital, Others), and Region -Forecast and Analysis 2022-2028" by SkyQuest

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High Cost and Availability of Alternative Equipment Restraint Laryngoscope Market Sales Growth
One of the main challenges preventing the growth of the laryngoscopes market is the lower adoption of anesthetic video laryngoscopes in developing countries due to their high cost and lack of acceptable reimbursement schemes to provide coverage. As a result, the market will not grow due to the excessive costs of these devices and their upkeep. The availability of affordable alternatives to endotracheal intubation equipment is another significant barrier to this market's potential expansion.
The category of rigid video laryngoscopes accounts for a sizeable portion of the global market for video laryngoscopes in terms of product type. This is due to the fact that rigid video laryngoscopes successfully intubate 80.5 percent of patients on their initial try. Furthermore, the direct laryngoscope is more likely than the rigid laryngoscope to experience several failures during the initial intubation attempt. In addition, in the operating room as well as in an emergency, a rigid laryngoscope is employed as a first-try intubation tool. The aforementioned elements encourage segmental growth, which helps the global market for video laryngoscopes flourish.

According to usage type, the reusable sector commanded the lion's share in 2021 and is anticipated to continue this pattern for the duration of the projected period. Reusable video laryngoscopes are chosen over conventional ones because of their versatility and ease of use. This is one of the main drivers of sector growth, which eventually fuels the expansion of the global market for video laryngoscopes over the forecast period.

The in-hospital segment adds to segmental expansion in terms of end-user segmentation, which in turn drives the market growth. Because emergency airway management typically entails a combination of elements that elevate the difficulty of intubation while also increasing patient risk, in-hospital airway management has historically dominated the total market. Video laryngoscopes are in high demand in hospitals due to their greater potential. These elements encourage the market for video laryngoscopes as a whole to flourish.

The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Prodol Meditec, Ambu A/S, Medtronic, KARL STORZ SE & Co. KG, Nihon Kohden Corporation, Verathon Inc., Salter Labs, VDO Medical Inc., AAM Healthcare, Hebei Vimed Medical Device Company, Ltd., Olympus Corporation., among others.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Video laryngoscope Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
● Drivers- One of the key elements driving the market demand for video laryngoscopes is the reliability of these devices for healthcare professionals.
● Restraint- One of the main challenges preventing the growth of the laryngoscopes market is the lower adoption of anesthetic video laryngoscopes in developing countries due to their high cost and lack of acceptable reimbursement schemes to provide coverage.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Video laryngoscope Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Video laryngoscope Market Trends
• Comprehensive Mapping of Video laryngoscope Industry Parameters
• Attractive Investment Proposition in the Global Video laryngoscope Industry
• Competitive Strategies Adopted by Video laryngoscope Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Video laryngoscope Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and video laryngoscope market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Video laryngoscope Market Sales
• Parent market analysis
• Product portfolio benchmarking

SkyQuest has segmented the Global Video laryngoscope Market based on Product Type, Usage Type, End-User, and Region:
● Global Video laryngoscope Market by Product Type (Revenue, USD Billion, 2022 - 2028)
o Rigid Video Laryngoscopes
o Flexible Video Laryngoscope
● Global Video laryngoscope Market by Usage Type (Revenue, USD Billion, 2022 - 2028)
o Reusable Video Laryngoscopes
o Disposable Video Laryngoscopes
● Global Video laryngoscope Market by End-User (Revenue, USD Billion, 2022 - 2028)
o Pre-hospital
o In-hospital
o Others

● Global Video laryngoscope Market by Region (Revenue, USD Billion, 2022 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Latin America
▪ Brazil
▪ Argentina
▪ Mexico
o Middle East & Africa
▪ South Africa
▪ Saudi Arabia

Key Players in the Global Video laryngoscope Market
● VYAIRE MEDICAL, INC. (United States)
● KARL STORZ SE and Co. KG (Germany)
● PRODOL MEDITEC (Spain)
● Marshall Products (United Kingdom)
● Ambu A/S (Denmark)
● Intersurgical Ltd. (United Kingdom)
● Vivid Medical, Inc. (U.S)
● Salter Labs (United States)
● Verathon Inc. (United States)
● Medtronic (Ireland)

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This release was published on openPR.