The global ”video laryngoscope market” 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 & 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.
Major Video Laryngoscope Market Key players covered in the report include:
- VYAIRE MEDICAL, INC. (Illinois, United States)
- KARL STORZ SE & 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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Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.
Video Laryngoscope Market Analysis 2021:
Drivers & 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.
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.
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