Global Video Laryngoscope Market Earnings To Hit USD 1,001.3 Mn By 2028 : Zion Market Research

NEW YORK, Feb. 4, 2022 /PRNewswire/ -- As per study of Zion Market Research, Global Video Laryngoscope Market industry amassed revenue worth nearly US$ 357.1 million in 2020 and is anticipated to garner returns about US$ 1,001.3 million by 2028. Additionally, Video Laryngoscope market is prognosis to record CAGR of almost 18.2% in 2021-2028.

Furthermore, growth of video laryngoscope market over forecast time span is subject to its beneficial features such as ability of cross-infection reduction, improved laryngeal view, and visual confirmation of placement of tube. In addition to this, outbreak of COVID-19 pandemic has contributed substantially towards expansion of video laryngoscope market over ensuing years. Rise in frequency of respiratory ailments will expedite size of video laryngoscope industry in years ahead. As per WHO, nearly more than 60 million persons suffered from COPD and nearly 3 million deaths occur each year due to lung related disorders.

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Key players profiled in study and influencing market growth are are 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 

Rigid Segment To Dominate Product Type Landscape Over Forecast Time span

Growth of segment over 2021-2028 can be credited to new product development and funding of research activities to develop new products by industry players. Furthermore, rigid video laryngoscope need less head manipulation & positioning as compared to traditional direct laryngoscopy.

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Reusable Segment To Contribute Majorly Towards Market Space By 2028

Segmental expansion over forecast timeline can be as a result of demand for reusable equipment across hospitals and from private medical practitioners & physicians. Apart from this, huge acceptance of these products will drive expansion of segment over coming years.

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North American Market To Reach Highest Growth Landmark By 2028

Expansion of regional market over 2021-2028 is subject to rise in cases of respiratory diseases due to growing air pollution in countries such as Canada and the U.S. Rise in number of product manufacturers in sub-continent will account majorly towards regional market size.

Browse the full "Video Laryngoscope Market- By Product Type (Flexible And Rigid) And By Usage (Disposable And Reusable): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028." Report at https://www.zionmarketresearch.com/report/video-laryngoscope-market

Report Scope:

The global Video Laryngoscope market is segmented as follows:

By Product Type

• Flexible
• Rigid

 By Usage

• Disposable
• Reusable

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