Anesthesia Video Laryngoscope Market REPORT OVERVIEW
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global Anesthesia Video Laryngoscope market size was USD 145 million in 2021 and market is projected to touch 176.2 Million By 2032, exhibiting a CAGR of 5% during the forecast period.
A medical device anesthesiologists use to visualize a patient's airway during intubation. It consists of a video camera and a screen that displays real-time images of the patient's airway, allowing the anesthesiologist to guide the endotracheal tube into the correct position.
There are various types of anesthesia video laryngoscopes available, each with their unique features and designs. Some examples include the GlideScope, McGrath MAC, and C-MAC systems. It is considered a valuable tool in difficult airway management. It can help anesthesiologists visualize the airway in cases where traditional intubation techniques may not be successful. Additionally, it can improve patient safety by reducing the risk of complications during intubation. Overall, the device is an important device for anesthesiologists and has revolutionized the field of airway management.
COVID-19 Impact: Supply Chain Disruption Affected Market Growth
The COVID-19 pandemic has significantly impacted the use of anesthesia video laryngoscopes. Due to the highly infectious nature of the virus, healthcare workers have been at an increased risk of exposure while performing intubations on COVID-19 patients. As a result, this product has become more widespread to reduce the risk of virus transmission. The product has been particularly useful in managing difficult airways in COVID-19 patients with severe respiratory distress or requiring prolonged mechanical ventilation. The video display allows the anesthesiologist to guide the endotracheal tube through the airway more precisely, reducing the risk of complications and improving patient outcomes.
LATEST TRENDS
"Steady Adoption Of Portable Video Laryngoscopes To Augment Major Growth In The Market"
Portable video laryngoscopes are becoming increasingly popular as they offer greater flexibility and mobility to healthcare providers. These devices are designed to be lightweight, compact, and easy to use, making them ideal for use in emergency settings or areas with limited space. Several laryngoscopes are now integrating AI technology, which can provide real-time feedback and guidance to healthcare providers during intubation. This can help improve the accuracy and safety of intubation procedures and reduce the risk of complications.
Anesthesia Video Laryngoscope Market Segmentation
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- By Type Analysis
By type, the market is segmented into channeled video laryngoscopes and un-channeled video laryngoscopes.
- By Application Analysis
Based on application, the market is classified into universal file copy, advertisement making, graphic design, and others.
DRIVING FACTORS
"Growing Demand for Advanced Laryngoscopes to Augment Product Demand"
One of the primary factors is the increasing demand for advanced airway management devices, particularly in critical care settings. It provides real-time airway visualization, allowing healthcare providers to guide the endotracheal tube more accurately and reduce the risk of complications during intubation. Another key driving factor is the growing prevalence of chronic respiratory diseases, increasing the demand for intubation procedures. These factors are anticipated to prosper anesthesia video laryngoscope market growth in the foreseeable future.
"Integration of Technology to Spur Growth in the Market"
Technological advancements in video laryngoscope design, including integrating artificial intelligence (AI) technology and developing portable and disposable devices, drive market growth. These innovations are improving the accuracy, safety, and convenience of intubation procedures and are increasing the adoption of video laryngoscopes in various healthcare settings. Furthermore, increasing investments by government bodies and private organizations in healthcare infrastructure and medical devices are also expected to drive anesthesia video laryngoscope market growth.
RESTRAINING FACTORS
"High Cost of the Device to Hamper Market Expansion"
One of the primary restraining factors for the market is the high cost of these devices. Video laryngoscopes are generally more expensive than traditional ones, making them less accessible to healthcare providers and healthcare facilities with limited budgets.
Anesthesia Video Laryngoscope Market REGIONAL INSIGHTS
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"North America to Dominate Market Due to the Growing Awareness of Product Applications"
North America is projected to lead the anesthesia video laryngoscope market share due to the wide awareness of product applications and the region's growing research and development activities.
Europe is expected to be the second-largest contributor to regional growth by its enhanced healthcare system. Additionally, the implementation of minimally invasive surgery equipment to prosper growth.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasis On the Development of Advanced Technology"
Key market players are focused on strengthening their presence by adopting advanced technologies. The competitors are adopting strategies to gain mergers and acquisitions in the global market. Major players of the market are emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market.
List of Market Players Profiled
- Verathon (U.S.)
- Medtronic (Ireland)
- Karl Storz (Germany)
- Ambu (Denmark)
- NIHON KOHDEN (Japan)
- Venner Medical (Germany)
- Prodol Meditec (Spain)
- Tuoren Group (India)
- Salter Labs (U.S.)
- Medcaptain Medical Technology (U.K.)
- Infinium Medical (U.S.)
- Hebei Vimed Medical Device Company (U.S.)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2032, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
Frequently Asked Questions
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What CAGR is the anesthesia video laryngoscope market expected to exhibit by 2032?
The anesthesia video laryngoscope market is expected to exhibit a CAGR of 5.0% by 2032.
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What are the segments of the anesthesia video laryngoscope market?
By type, the anesthesia video laryngoscope market is segmented into channeled video laryngoscopes and un-channeled video laryngoscopes. Based on application, the market is classified into universal files copy, advertisement making, graphic design, and others.
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Which are the driving factors of the anesthesia video laryngoscope market?
Growing demand for advanced laryngoscopes to augment product demand and the integration of technology to spur growth in the market are the factors driving the anesthesia video laryngoscope market.
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Which are the top companies operating in the anesthesia video laryngoscope market?
Verathon, Medtronic, Karl Storz, Ambu, NIHON KOHDEN, Venner Medical, Prodol Meditec, Tuoren Group, Salter Labs, Medcaptain Medical Technology, Infinium Medical, and Hebei Vimed Medical Device Company are the top companies operating in the anesthesia video laryngoscope market.
