Laryngoscopy is the method for examination of of larynx, throat and the vocal cords with the help of laryngoscope. It can be performed in direct laryngoscopy and indirect laryngoscopy .Video laryngoscopy is a technique of observing and recording vocal cords and larynx movement. Video laryngoscopy is a type of indirect laryngoscopy where the physician indirectly visualize the larynx with a fiberoptic or digital laryngoscope that is inserted transnasally or transorally. It has a high-resolution micro camera that is mounted on the top of a curved blade which is connected to small portable digital monitor that results in improved view of the vocal cords. Captured images and videos during video laryngoscopy can be displayed on a monitor in order to view at the time of the procedure. The images and video help in monitoring disease progression and treatment.
MARKET SCOPE
The "Global Video Laryngoscopy Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the video laryngoscopy market with detailed market segmentation by product, type, end user, and geography. The report provides key statistics on the market status of the leading video laryngoscopy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global video laryngoscopy market is segmented into reusable, and single-use.
- Based on type, the market is segmented into integrated display models, and cart-based models
- On the basis of end-users, the market is bifurcated into hospitals, ENT clinics, and others.
MARKET DYNAMICS
Drivers:
- Technological advancement for improved resolution in order to diagnose and treat the disorder and increase in demand for care facilities drive the growth of the market.
- Improving healthcare infrastructure, and surging usage of video laryngoscopes fuel the market growth.
- Rising awareness for minimally invasive treatment propel the market growth.
Restraints:
- Side effects associated with the procedure such as bleeding, irritation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The video laryngoscopy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the video laryngoscopy market in these regions.
IMPACT OF COVID-19 ON VIDEO LARYNGOSCOPY MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has significantly affected the market for video laryngoscopy positively as this procedure prevent direct contact between patients and healthcare workers and it keeps the healthcare personnel faces away from the airways of patients, and minimize the risk of transmission. It was found out that unlike the conventional laryngoscopy for tracheal intubation, this procedure offers shorter intubation time and reduces the risk of infection in positive patients. Moreover, the surge in coronavirus cases is resulting in shortage of these devices thereby catering the growing demand and forcing companies to increase their manufacturing capacities.
MARKET PLAYERS
The report covers key developments in the video laryngoscopy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from video laryngoscopy market are anticipated to have lucrative growth opportunities in the future with the rising demand for video laryngoscopy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the video laryngoscopy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medtronic
- Karl Storz
- Ambu
- Verathon
- Marshall Products
- Teleflex
- Olympus Corporation
- Richard Wolf
- Medical Product International (MPI)
- Vyaire Medical, INC.