Video Laryngoscope Market Will Grow at CAGR of 18.53% By 2032

Published Date : 02 Nov 2023

The global video laryngoscope market size is anticipated to reach around USD 3,244 million by 2032 up from USD 592.65 million in 2022 with a CAGR of 18.53% between 2023 and 2032.

Video Laryngoscope Market Size and Growth Rate From 2023 To 2032

The major factor driving the market is the increasing respiratory diseases and growing pressure to reduce the rising healthcare costs. Furthermore, the rising awareness of benefits of video laryngoscope among healthcare providers along with the increasing need for high-quality patient care is also anticipated to augment the growth of the video laryngoscope market during the forecast period.

Market Overview

Video laryngoscopes are devices that incorporate a camera at the end of the laryngoscope blade, which enables doctors to obtain a better view of the larynx during intubation procedures. The camera captures images that are displayed on a monitor, allowing doctors to perform intubation procedures more quickly and accurately. The video laryngoscope market has experienced significant growth in recent years and is expected to continue this trend over the forecast period.

One of the key factors driving the growth of the video laryngoscope market is the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and COVID-19. These diseases often require tracheal intubation, and the video laryngoscope can assist healthcare professionals in performing the procedure safely and effectively.

Another major factor driving the market growth is the ongoing development and introduction of advanced video laryngoscope devices by key players in the industry. These devices promise to improve both the performance and safety of intubation procedures, and manufacturers are constantly working to meet the unmet needs of healthcare professionals in performing difficult intubations. However, there are also several restraints in the market, including the high cost of video laryngoscopes and the need for specialized training to operate the devices. These factors can limit the adoption of video laryngoscopy in clinical practice, especially in low- and middle-income countries where resources and training may be limited.

Regional Insights

North America registered the largest revenue share of 40% in 2022. This is owing to the increasing prevalence of chronic respiratory diseases such as COPD, asthma, and bronchitis, which require intubation. The aging population in the region is also contributing to the growth of the video laryngoscope market, as older adults are more prone to respiratory diseases and require intubation. Additionally, the rising number of surgeries being performed in region is driving the demand for video laryngoscopes, as they enable easier and safer intubation during surgery.

Many technology companies in the region are at the forefront of developing new video laryngoscopes. These companies are driving innovation and making video laryngoscope more efficient and cost-effective. Furthermore, the increased government initiatives and focus to improve patient care is also anticipated to augment the growth of the market within the estimated timeframe.

Asia Pacific is expected to register a rapid CAGR during the forecast period. The increasing number of healthcare facilities is expected to increase the demand for video laryngoscopes in the region. Furthermore, the region is witnessing significant growth in healthcare infrastructure, with increasing investment in hospitals, and clinics. This is expected to increase the adoption of video laryngoscopes in the region, as healthcare professionals seek to provide better patient care through advanced medical devices.

Additionally, the geriatric population is increasing rapidly in the region, leading to a rise in the number of patients with comorbidities and difficult airway management. Video laryngoscopes are becoming a preferred option for managing airways in elderly patients, as they offer better visualization of the airway and reduce the risk of complications.

Video Laryngoscope Market Report Scope

Report Coverage Details
Market Revenue in 2023 USD 702.47 Million
Projected Forecast Revenue by 2032 USD 3,244 Million
Growth Rate from 2023 to 2032 CAGR of 18.53%
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Report Highlights

  • By Product, the rigid segment held the largest share in the global video laryngoscope market. Rigid video laryngoscopes offer better visualization of the airway, which is particularly important in difficult intubation scenarios. They provide a wider field of view and better lighting, allowing for better identification of the vocal cords and other airway structures. This is likely to support the segmental growth of the market during the forecast period.
  • By End-User, the hospital segment held the largest share in the global video laryngoscope market. This is owing to the increasing number of airway management procedures that are performed in hospitals. Furthermore, the increasing investments by market players in the development of new and advanced video laryngoscopes specifically for hospital use are expected to propel the segment growth of the market in the years to come.

Market Dynamics


Increasing demand for minimally invasive surgeries

The increasing demand for minimally invasive procedures is likely to support the growth of the video laryngoscope market during the forecast period. Minimally invasive procedures are associated with a lower risk of complications, reduced pain and blood loss, shorter hospital stays, and faster recovery times for patients. Video laryngoscopes, with their enhanced visualization capabilities, offer a minimally invasive approach to airway management and intubation.

Furthermore, video laryngoscopes have been shown to reduce the incidence of difficult airway management, which is a major contributor to morbidity and mortality in anesthesia. With video laryngoscopes, the clinician can see the entire airway and avoid difficult airway scenarios. This makes the intubation process safer and less invasive for the patient.

Also, the growing demand for minimally invasive procedures has also led to the development of more advanced video laryngoscopes with improved functionality and ease of use. For instance, many video laryngoscopes now come with a variety of blade types and sizes, making them more versatile and suitable for different patient populations. Additionally, some of the video laryngoscopes are now designed for single-use, making them more convenient and hygienic for healthcare professionals, which is further likely to support the growth of the video laryngoscope market during the forecast period.


Availability of alternative devices

The availability of alternative devices is expected to restrain the growth of the video laryngoscope market in the years to come. There are several alternative devices available in the market that can be used for airway management procedures. For instance, traditional direct laryngoscopes, and fiber-optic laryngoscopes are some of the alternatives to video laryngoscopes. These devices are cheaper than video laryngoscopes and offer similar outcomes in airway management procedures, which can make them a more attractive option for healthcare providers and hospitals.

Also, the cost of video laryngoscopes can be high, particularly for reusable devices. This high cost can make it difficult for smaller healthcare providers or those with limited budgets to justify purchasing video laryngoscopes. This could result in healthcare providers opting for alternative devices that are more affordable and cost-effective and further limit the growth of the market in near future.


Increasing demand from emerging economies

The increasing demand for video laryngoscopes in emerging economies is likely to create lucrative growth opportunities for the global video laryngoscope market in the years to come. Emerging economies are characterized by large populations, an increasing number of hospitals and healthcare facilities, and rising healthcare expenditure. As a result, these economies have become key growth markets for medical devices, including video laryngoscopes.

In emerging economies, the rising incidence of chronic respiratory diseases and other respiratory conditions is increasing the need for airway management procedures, which is driving the demand for video laryngoscopes. Additionally, the increasing adoption of advanced medical technologies is leading to a growing demand for video laryngoscopes in the region. Also, the increasing number of hospitals and healthcare facilities is resulting in a greater need for video laryngoscopes within the estimated timeframe.

Recent Developments

  • In November 2021, Ambu Inc., the market leader in single-use endoscopes, announced that Vizient Inc., the largest healthcare performance improvement company in the U.S., which represents more than half of the country's hospitals and health systems and serves 97 percent of its academic medical centres, had awarded it a contract in the category of video laryngoscopes.
  • In September 2020, Verathon, a leader in airway management technology worldwide, and Premier, Inc., a healthcare improvement organization that represents over 4,000 hospitals and health systems, jointly announced two national awards. These contracts, which are for three years and started on November 1, 2020, cover the entire line of GlideScope video laryngoscopes and BFlex single-use bronchoscopes from Verathon.

Key Market Players

  • Medtronic
  • Nihon Kohden Corporation
  • Verathon Inc.
  • Ambu A/S
  • AAM Healthcare
  • Hebei Vimed Medical Device Company, Ltd.
  • Salter Labs
  • VDO Medical Inc.
  • Marshall Products

Segments Covered in the Report:

By Product

  • Rigid Video Laryngoscopes
  • Flexible Video Laryngoscopes

By Usage Type

  • Reusable Video Laryngoscopes
  • Disposable Video Laryngoscopes

By Device Type

  • Cart-based Video Laryngoscopes
  • Handheld Video Laryngoscopes

By End-User

  • Hospitals
  • ENT Clinics
  • Others

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