Video Laryngoscope Market Size, Share & Trends Analysis Report By Product (Rigid, Flexible), By Application, By Channel, By Device, By Patient Demography, By End Use, By Region, And Segment Forecasts, 2024 - 2030

Video Laryngoscope Market Size & Trends

The global video laryngoscope market size was valued at USD 669.1 million in 2023 and is projected to grow at a CAGR of 18.3% from 2024 to 2030. The increasing recognition of the advantages of using video laryngoscopes compared to conventional devices is one of the key driving forces for this market. The demand for laryngeal healthcare services is increasing as more people are experiencing throat-related conditions. Also, with increasing access to diagnostic tools, awareness among people, and the growing prevalence of chronic respiratory diseases, the market is expected to experience major growth opportunities in the upcoming years.

Some of the other aspects that are expected to drive growth for this market include technological advancements in laryngoscopy procedure, increasing inclination towards minimally invasive surgeries over other methods of time-consuming treatments, the presence of a large geriatric population around the world, and unceasing prevalence of respiratory diseases such as asthma, emphysema, mesothelioma, tuberculosis, and pulmonary hypertension.

The advantages of the video version of laryngoscopy include decreased force required, improved view of the larynx, visual confirmation of tube insertion, reduced contamination risk, and increased successful recovery rates post-failed direct laryngoscopy leading to increased demand. The aging population around the world is constantly exposed to higher risks of acquiring laryngeal infections and respiratory diseases. According to the World Health Organization (WHO), 1 in 6 individuals is expected to be over 60 years of age by 2030. It is projected to increase demand for the video laryngoscopy market in the coming years.

Product Insights & Trends

The rigid video laryngoscopes segment dominated the market in 2023, accounting for a revenue share of 59.4%. Growing product portfolio expansions and new product launches are expected to drive further growth for this segment during the forecast period. Rigid video laryngoscopes are considered a convenient and cost-effective choice for performing diagnostic procedures in remote and rural areas.

The flexible video laryngoscopes segment is anticipated to experience the fastest CAGR during the forecast period. It allows users to identify biopsy tissue and irregularities. It also assists in eliminating undesired growths, like tumors. The added benefit is that the camera can be accurately controlled, giving the doctor a thorough and unobstructed view of the vocal cords' movement. These factors are most likely to fuel the growth of the segment.

Application Insights

The reusable video laryngoscopes segment accounted for the largest revenue share in 2023. The device's ability to be reused is a crucial factor influencing the buying choices of healthcare professionals, organizations, and facilities. Using reusable laparoscopic instruments lowers the expense of laparoscopic surgery while still maintaining the safety of patients and involved medical staff. Even though these devices might become prone to more technical problems than disposable tools, these instruments have become the preferred choice of multiple facilities worldwide.

The disposable video laryngoscopes are expected to experience a significant CAGR from 2024 to 2030. Increasing efforts to reduce operational expenses by preventing reprocessing costs has led to growing utilization in pre-hospital environments. Key benefits such as enhanced intubation success rates, less head/neck manipulation, and reduced required force are expected to generate greater demand for this market in the coming years.

Channel Insights & Trends

The non-channeled segment held the largest revenue share in 2023. Faster glottis recognition time is one of the key advantages associated with non-channeled laryngoscopes. Aspects such as ease of use, reduced time for glottis visualization, and increasing adoption are expected to generate growth for this segment during the forecast period.

The channeled video laryngoscopes segment is expected to experience the fastest CAGR during the forecast period. Channeled blades help in overcoming the limitations of non-channeled blades. In contrast, using channeled blades reduces the time and potential for injury when navigating the tracheal tube compared to using non-channeled blades in the initial insertion phase. Additionally, channeled video laryngoscopes eliminate the need for a flexible style to guide and shape the tracheal tube based on the curvature of the blade. These factors contribute to the growth of this segment.

Device Insights & Trends

The cart-based segment accounted for the highest revenue share in 2023. This type of laryngoscope is widely used in hospitals, where the majority of intubation and other airway procedures are performed. Cart-based video laryngoscopes offer an enhanced vision of the airway passage, making it easier to insert a tracheal tube with increased accuracy. This is one of the key factors fueling the growth in this segment.

The handheld segment is expected to experience the fastest CAGR during the forecast period. Owing to its increased usage in emergency facilities, the market growth for handheld video laryngoscopy is driven by key factors such as compact and lightweight, improved visualization, accommodating a wide range of blade sizes and types, and being suitable for various patient populations. For instance, some handheld systems designed by major companies in the market provide the highest compatibility and convenience. These systems can be used for routine procedures performed in limited spaces, and mobility is involved in the process.

End Use Insights & Trends

The in-hospital segment dominated the market and accounted for the largest revenue share in 2023. This is attributed to the growing number of procedures in advanced healthcare facilities such as specialty hospitals, including video laryngoscopes. The adoption of video laryngoscopes is growing constantly due to enhanced visualization and higher success rates in first-attempt intubation.

The pre-hospital segment is projected to grow at the fastest CAGR over the forecast period. Some of the key aspects contributing to its growth include enhanced first-pass success rates, improved visualization of airways, and an increasing number of emergency cases associated with laryngoscopy. In addition, increased accessibility and availability of training services provided to medical professionals regarding using video laryngoscopes during emergencies are expected to generate demand for this segment in upcoming years.

Regional Insights & Trends

North America video laryngoscopes market dominated the global industry in 2023. This is attributed to multiple factors, such as an increased prevalence of respiratory diseases in adults and children and growing new cases of laryngeal diseases such as cancer, laryngitis, Laryngoceles, Vocal cord contact ulcers, and others. The presence of key companies operating in the industry and technological advancement are also expected to drive growth for the regional market.

U.S. Video Laryngoscopes Market Trends

The U.S. video laryngoscopes market held the largest revenue share of the regional market. This market is primarily driven by the large presence of the geriatric population, the increasing number of surgical procedures performed to diagnose laryngeal problems, and the availability of numerous healthcare service providers offering video laryngoscopies. According to the United States Census Bureau, the older population accounted for a share of 16.8% of the total population.

Europe Video Laryngoscope Market Trends

The Europe video laryngoscope market is anticipated to experience a lucrative growth rate during the forecast period. This is mainly due to the region's increasing prevalence of respiratory and laryngeal diseases. According to the World Health Organization (WHO), the unceasing prevalence of non-communicable diseases is extensively threatening health and development in the region.

The video laryngoscope market in Germany is identified as a key country-based market of the regional industry. This is attributed to various factors, such as the increasing prevalence of COPD, the introduction of technologically enhanced product portfolios, and the presence of major market participants in the country. The increasing inclination towards minimally invasive surgeries over regular treatments and medicines is also driving demand for this market.

Asia Pacific Video Laryngoscope Market Trends

Asia Pacific video laryngoscope market is anticipated to witness significant growth in the artificial intelligence market. The high prevalence of chronic respiratory diseases, growing new cases of laryngeal diseases, significant awareness regarding laryngeal health, rapid technological advancements in medical devices, and rising healthcare expenditures in the region are generating growth for the Asia Pacific market. According to the Indian Journal of Medical and Pediatric Oncology, laryngeal cancer is the ninth most common cause behind new cancer cases, particularly for men in Asia.

India video laryngoscope market is expected to experience a noteworthy CAGR from 2024 to 2030. This market is primarily driven by the growing prevalence of laryngeal cancer, increased availability of video laryngoscopy services, adoption of technologically advanced instruments by key service providers, enhancements in healthcare infrastructure, and entry of major global organizations of the industry in India.

Key Video Laryngoscope Company Insights

Some of the key companies in the video laryngoscope market are Prodol Meditec; Ambu A/S; Medtronic; KARL STORZ; NIHON KOHDEN CORPORATION; Verathon Inc. and others. The market for video laryngoscopes is fragmented and characterized by the presence of numerous large-scale and small-scale industry participants. Major participants are implementing strategies such as geographical expansions, diversified product portfolios, acquisitions, partnerships, and new product development to attain increased market share.

• Verathon, Inc., one of the key players in the airway management and scanning solutions industry. The company offers the GlideScope series, which consists of video laryngoscopes for endotracheal intubation, and BladderScan machines, which provide precise bladder volume measurements for non-invasive procedures.

• Nihon Kohden Corporation, a developer, manufacturer, and distributor of medical electronic equipment, offers a range of products, including video laryngoscopes. The company's flagship product is the NK AWS-S200, which is equipped with a high-resolution camera.

Recent Developments

• In March 2024, Verathon, Inc. unveiled the findings of a large-scale study that demonstrates the ability of GlideScope hyperangulated video laryngoscopy to significantly improve first-pass endotracheal intubation success rate compared to traditional direct laryngoscopy.

Video Laryngoscope Market Report Scope

Global Video Laryngoscope Market Report Segmentation

This report forecasts revenue growth at global level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the video laryngoscope market report based on product, application, channel, device, end use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Rigid Video Laryngoscopes

  • Flexible Video Laryngoscopes

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Reusable Video Laryngoscopes

  • Disposable Video Laryngoscopes

• Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Non-Channeled Video Laryngoscopes

  • Channeled Video Laryngoscopes

• Device Outlook (Revenue, USD Million, 2018 - 2030)

  • Cart-based Video Laryngoscopes

  • Handheld Video Laryngoscopes

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Pre-hospital

  • In-hospital

  • Other (ENT Clinics, Training/Teaching Etc.)

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait