ANESTHESIA VIDEO LARYNGOSCOPE MARKET ANALYSIS

The global anesthesia video laryngoscope market size is estimated at US$ 426.3 Mn in 2023 and is expected to reach US$ 796.5 Mn by 2030, growing at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.

The global anesthesia video laryngoscope market has been gaining significant traction over the past few years owing to growing awareness about patient safety and the increasing number of surgical procedures performed worldwide. A video laryngoscope is a medical device that enables intubation and helps in visually guided intubation of the trachea. This device makes use of video technology to obtain a clear view of the patient's airway during intubation procedures. The high-definition camera at the tip of the video laryngoscope blade allows physicians to view the entire intubation process on an external video display screen. The technology makes it unnecessary to physically align the airway view and offers better vision and ease of intubation. With rising concerns regarding patient safety during anesthesia delivery and intubation, demand for advanced video laryngoscopes is expected to rise substantially in the coming years.

Global Anesthesia Video Laryngoscope Market Regional Insights

• North America: North America is the largest market for the global anesthesia video laryngoscope market, accounting for a share of over 45.0% in 2022. The North America anesthesia video laryngoscope market is driven by factors such as the increasing incidence of respiratory diseases, the rising volume of surgical procedures performed, and technological advancements.
• Europe: Europe is the second-largest market for the global anesthesia video laryngoscope market, accounting for a share of over 30.3% in 2022. The European anesthesia video laryngoscope market has been flourishing at a rapid pace owing to rising awareness about the benefits of anesthesia video laryngoscopes. Moreover, growing awareness about the advantages of anesthesia video laryngoscopes, such as reduced long-term complications, is augmenting the demand.
• Asia Pacific: Asia Pacific is the fastest-growing market for the global anesthesia video laryngoscope market, accounting for a share of over 20.4% in 2022. With a rising incidence of respiratory diseases and an increasing preference for minimally invasive procedures, the demand for anesthesia video laryngoscopes has been growing substantially across major countries in Asia Pacific, such as China, India, Japan, and South Korea. Moreover, favorable government policies supporting biomedical research and development along with improving access to quality healthcare infrastructure, have boosted the market for anesthesia video laryngoscope in Asia Pacific.

Figure 1. Global Anesthesia Video Laryngoscope Market Share (%), by Region, 2023

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Analyst’s View

The global anesthesia video laryngoscope market has significant potential for growth in the coming years. Factors such as the increasing number of surgical procedures performed globally, the advantages of video laryngoscopes over conventional laryngoscopes, and the growing adoption rate among hospitals and ambulatory surgical centers will collectively drive the demand. Further, the rising geriatric population, which is more susceptible to various medical conditions, also contributes to market expansion.

Global Anesthesia Video Laryngoscope Market Drivers:

• Increasing prevalence of respiratory diseases: The increasing prevalence of respiratory diseases globally is one of the major factors fueling the growth of the global anesthesia video laryngoscope market. For instance, according to an article published in the National Center for Biotechnology Information in March 2022, the estimated pooled prevalence of chronic obstructive pulmonary disease (COPD) was 11.1% in South Asian countries in 2021. The report also mentioned that the prevalence of COPD was highest in North India (19.4%) and Bangladesh (13.5%).
• Rising geriatric population: The geriatric population aged 65 years and older is experiencing substantial growth globally. According to data from the United Nations, the percentage of the world's population over 65 is projected to rise from 9% to 16% between 2019 and 2050. Traditional video laryngoscopes help intubation procedures for older patients by providing doctors with an enhanced view of the airway without having to align their direct line of sight, which becomes more difficult with age due to neck stiffness and reduced mobility. This improves first-pass success rates and reduces hypoxic incidents, especially for elderly patients who may have comorbid conditions like cardiovascular complications.
• Increasing number of ENT procedures: The rise in ENT procedures globally is a major factor augmenting the growth of the anesthesia video laryngoscope market. As the prevalence of ear, nose, and throat disorders is increasing rapidly worldwide owing to pollution, lifestyle changes, and prolonged screen time, the demand for various ENT surgical procedures like tonsillectomy, sinus surgeries, cochlear implants, etc. is escalating swiftly.

Global Anesthesia Video Laryngoscope Market Opportunities:

• Development of user-friendly video laryngoscopes: The development of user-friendly video laryngoscopes presents a major opportunity in the global anesthesia video laryngoscope Video laryngoscopes that are easier for healthcare professionals to use could help drive broader adoption of the technology. Laryngoscopy procedures that involve inserting tubes or cameras down a patient's throat to view the vocal cords and entrance to the windpipe can be difficult, even for experienced anesthesiologists and nurses. For instance, on April 18, 2023, Verathon, a global leader in airway management solutions, announced the launch of the GlideScope Spectrum QC with QuickConnect technology. This new, extensive portfolio of single-use video laryngoscopes features a unique, magnetic connector coupled with image quality enhancements to support fast, effective airway management.
• Increase in product approvals: The anesthesia video laryngoscope market has shown significant promise in recent years owing to the increasing product approvals from the regulatory authorities over the forecast period. For instance, in May 2021, Ambu A/S, the world leader in single-use endoscopes, received the U.S. FDA clearance for VivaSight 2 DLT. This enabled the company to commercialize the product and extend its single-use pulmonology lineup.

Global Anesthesia Video Laryngoscope Market Trends:

• Adoption of single-use video laryngoscopes: The adoption of single-use video laryngoscopes has significantly impacted the global anesthesia video laryngoscope market in recent years. Single-use laryngoscopes provide distinct advantages over traditional reusable scopes from an infection control and workflow efficiency standpoint. For instance, in November 2021, Ambu Inc. announced it had been awarded a contract in the category of video laryngoscopes with Vizient Inc., the largest healthcare performance improvement company in the U.S., representing more than half of the hospitals and health systems in the U.S. and serving 97 percent of the nation’s academic medical centers.
• Increasing demand for ambulatory surgical centers: The increasing demand for ambulatory surgical centers is positively influencing the global anesthesia video laryngoscope market. As more procedures are shifting from traditional hospital-based settings to ambulatory centers due to factors like affordability, convenience and avoidance of hospital acquired infections, there is a greater emphasis on efficiency and quick turnover of cases in such centers. This has boosted the adoption of advanced medical devices that can help streamline the workflow and reduce dependence on the availability of skilled personnel.
• Development of portable and standalone video laryngoscopes: The development of portable and standalone video laryngoscopes is significantly influencing the global anesthesia video laryngoscope market. These new devices allow for intubation to be performed without the need for other monitors or equipment, making the process much more portable and applicable to a wider variety of clinical settings.

Global Anesthesia Video Laryngoscope Market Restraints:

• High cost of video laryngoscopes: The high cost of video laryngoscopes is significantly impacting the growth of the global anesthesia video laryngoscope market. Video laryngoscopes are advanced medical devices that enable improved visualization of the airway during intubation procedures compared to conventional laryngoscopes. However, their higher price point compared to conventional alternatives is proving to be a major restraint.
• Lack of skilled professionals: The lack of skilled professionals is one of the major factors restraining the growth of the global anesthesia video laryngoscope market. Video laryngoscopy is an advanced medical technique that requires significant training and experience from anesthesia providers to perform intubations safely and effectively. To counterbalance, more widespread educational efforts are still required to expand the workforce capable of video laryngoscopy.
• Limited medical reimbursement policies: Limited medical reimbursement policies by governments and insurance companies around the world are posing a significant challenge for the growth of the global anesthesia video laryngoscope market. The extent to which new medical technology and devices are reimbursed by public or private insurance has a significant role in determining whether or not they are adopted when they are released and have the potential to improve patient outcomes and reduce problems.

Figure 2. Global Anesthesia Video Laryngoscope Market Share (%), by Product Type, 2023

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Recent Developments

New product approvals/launch

• On January 11, 2023, Timesco Healthcare Ltd, a medical equipment manufacturer, announced the launch of their ground-breaking new video laryngoscope to support intubation in patients with difficult airways at Arab Health 2023.
• In April 2022, OMNIVISION, a leading global developer of semiconductor solutions, including advanced digital imaging, analog and touch and display technology, launched new laryngoscope reference designs that include a range of OMNIVISION products that help improve patient care by providing crisp, clear images for single-use video laryngoscopes.
• In July 2020, Nihon Kohden, a medical device company, announced the launch of its NK AWS-S200 video laryngoscope in the United States, marketed under the Pentax brand outside the U.S., which is designed to achieve intubation faster.

Partnership and acquisition

• On June 21, 2023, Teleflex Incorporated, a leading global provider of medical technologies, announced a partnership with Shenzhen Insighters Medical Technology Co., Ltd., a medical technology company, as the exclusive U.S. distributor of the Insighters Video Laryngoscope system, which is designed to inspect the upper glottic airway and facilitate endotracheal intubation.
• In January 2022, Prodol Meditec, SA, the manufacturer of the Airtraq video laryngoscope and camera system, selected Mercury Medical, a healthcare specialty organization, as their exclusive North America distributor partner for their state-of-the-art video laryngoscope product line.
• In February 2021, Ambu A/S, a healthcare company, strengthened its position in endoscopy by extending contracts with two key group purchasing organizations in the U.S. With this, about 90% of U.S. hospitals gained access to the company’s lineup of single-use endoscopes, including rhino laryngoscopes, bronchoscopes, and cystoscopes.

Top Companies in Global Anesthesia Video Laryngoscope Market

• Medtronic
• Ambu A/S
• Verathon Medical
• Karl Storz
• Teleflex
• Daiken Medical Coopdech
• Pentax-AWS
• Vyaire Medical.

Definition: An anesthesia video laryngoscope is a medical device used by healthcare professionals, particularly anesthesiologists, to visualize the larynx or voice box. This is a crucial part of the airway system and is particularly important during the administration of anesthesia for surgical procedures. The device is equipped with a camera or a fiber-optic bundle that is connected to a video screen. This setup allows for a clear and magnified view of the larynx, which can greatly aid in the successful and safe administration of anesthesia.