PUBLISHER: Allied Market Research | PRODUCT CODE: 1566851
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566851
Anesthesia Video Laryngoscope Market
The anesthesia video laryngoscope market was valued at $0.4 billion in 2023 and is projected to reach $1.0 billion by 2033, growing at a CAGR of 9.4% from 2024 to 2033.
Anesthesia video laryngoscope is a medical equipment integrated with video camera technology for the visualization of airway structure during intubation. The major benefit of the equipment involves mitigating difficulties associated with airway management during the intubation process. The laryngoscope boosts patient safety as it reduces the number of attempts required for intubation, thereby reducing the possibility of hypoxia or trauma to the airways.
Innovations in technology have boosted the adoption of advanced techniques and equipment in medical facilities, thereby driving the growth of the anesthesia video laryngoscope market. In addition, the prevalence of chronic respiratory illnesses such as obstructive sleep apnea and chronic obstructive pulmonary disease (COPD) has increased over the past few years, boosting the demand for anesthesia video laryngoscopes for effective treatment. Currently, the development of disposable and portable laryngoscope models is gaining prominence as it is anticipated to boost the utility of the device and augment the growth of the market. Moreover, the manufacturing of the device through additive manufacturing is acquiring traction as it reduces the production time and costs, hence contributing to market development.
However, the overall upfront costs of the advanced versions of the equipment are notably high, constraining the growth of the market, particularly in medical settings with limited resources. Furthermore, operating the device requires considerable proficiency and training, lack of which limits its usage and hampers the market expansion. Contrarily, potential surge in the cases of respiratory illnesses is anticipated to mandate the adoption of anesthesia video laryngoscope for efficient & enduring treatment. According to a study performed by SMSRC & Group, a leading healthcare research & consulting organization of India, respiratory diseases constitute the largest disease area in the country. Among all the respiratory illnesses, COPD has observed the highest growth over the last 10 years, estimating 90% of the total cases in metro and tier 1 cities.
Segment Review
The anesthesia video laryngoscope market is segmented into type, usability, end user, and region. On the basis of type, the market is bifurcated into rigid and flexible. As per usability, it is classified into reusable and disposable. Depending on end user, it is divided into hospitals, clinics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the rigid segment dominates the anesthesia video laryngoscope market.
As per usability, the disposable segment witnesses a high demand in the market.
Depending on end user, the hospitals segment acquires a prominent share of the market.
Region wise, North America is the major revenue generator in the anesthesia video laryngoscope market.
Competition Analysis
The leading players operating in the global anesthesia video laryngoscope market include Advin Health Care, Vyaire Medical, Inc, Prodol Meditec, Infinium Medical, Inc., Medtronic Plc, SourceMark, LLC, VDO Medical (Shanghai) Co., Ltd (VDO), Intersurgical Ltd., Olympus Corporation, and Roper Technologies, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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