Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 357.1 Million | USD 1,001.3 Million | 18.2% | 2020 |
FrequentlyAsked Questions
Expansion of video laryngoscope industry over assessment period can be credited to rising demand for preventing virus transmissions such as COVID-19 virus. Surge in awareness about use of video laryngoscope in comparison to other traditional methods will drive business trends. Furthermore, benefits offered by video laryngoscope include improved laryngeal view, visual tube placement confirmation, and reduction in cross-contamination risks along with escalated rate of success post direct laryngoscopy failure.
According to Zion market research report, the global Video Laryngoscope Market accrued earnings worth approximately 357.1 (USD Million) in 2020 and is predicted to gain revenue of about 1,001.3 (USD Million) by 2028, is set to record a CAGR of nearly 18.2% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in incidences of respiratory diseases in infant, elder, and adult persons in countries such as the U.S. and Canada. Apart from this, surge in air pollution due to release of smoke from factories affecting larynx & lungs of individuals will spur regional market growth. Favorable government initiatives will boost expansion of video laryngoscope industry in North America over upcoming years.
The key market participants include KARL STORZ SE & Co. KG, Ambu A/S, Olympus Corporation, Medtronic plc, Hebei Vimed Medical Device Company, Ltd., AAM Healthcare, VDO Medical Inc., Salter Labs Inc., Verathon Inc., Nihon Kohden Corporation, and Prodol Meditec, S.A.
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