Anesthesia Video Laryngoscope Market to Reach Beyond USD 410 Million by 2026

The global anesthesia video laryngoscope market was valued at USD 194.5 million in 2017, and is projected to exhibit a CAGR of 13.2 percent from 2018 – 2026. The market is expected to grow at significant rate, owing to increasing demand for technologically advanced laryngoscopes due to ease of use and less required time. Availability and use of anesthesia video laryngoscope is expanding rapidly and these products are easier for anesthesia providers to adopt quickly, as it allows healthcare professionals to safely manage more patients, such as those who might need fiberoptic intubation. Video laryngoscopy has significant advantages for treating complicated cases and also helps patients with quicker intubation times and less trauma.

Latest available devices allow professionals to make intubation easier with fewer traumas for the patient. Furthermore, in comparison to other technologies such as bronchoscopy, the video laryngoscopy devices have comparatively short learning curves, which allow anesthesia professionals to make the shift quickly. Large numbers of video laryngoscopes are available, with the number constantly increasing and many existing devices being modified. Anesthesia video laryngoscope companies are focusing on manufacture and development of technologically advanced products. For instance, in 2017, Verathon Inc., one of the leading marketer and manufacturer of respiratory and imaging medical devices, launched new GlideScope Go video laryngoscope system. The system is easy to use and compact in size. It is a portable, durable, high-resolution system for clinicians in pre-hospital and hospital settings.

Furthermore, the manufacturers are focused on strategic collaborations and agreements in order to gain significant market share. For instance, in January 2018, Dilon Technologies acquired the CoPilot VL video laryngoscope for an undisclosed amount to expand its footprint into the airway and anesthesia field. Followed by this acquisition, the company launched CoPilot VL video laryngoscope in February 2018, an advanced airway management device to help providers have the best view of the airway when placing breathing tubes. – Coherent Market Insights