MENA Video Laryngoscope Market: Current Analysis and Forecast (2023-2030)

Report Description

MENA Video Laryngoscope Market Size & Forecast

The MENA Video Laryngoscope Market was valued at USD 24.71 Million in 2022 and is expected to grow at a CAGR of 18.74% during the forecast period (2023-2030). with the increasing prevalence of respiratory diseases and disorders requiring airway management.

MENA Video Laryngoscope Market Analysis

Video laryngoscope is a medical device used in airway management during procedures such as intubation. It consists of a camera and light source attached to a laryngoscope blade, allowing healthcare professionals to visualize the patient’s airway on a screen, making intubation easier and more accurate.

The increasing prevalence of respiratory diseases, coupled with the rising adoption of advanced airway management techniques has created a substantial demand for video laryngoscopes across healthcare facilities in the region. According to the World Health Organization, in 2022, almost 35% of MERS cases reported to WHO have died. Middle East respiratory syndrome (MERS) is a viral respiratory disease caused by Middle East respiratory syndrome coronavirus (MERS‐CoV) that was first identified in Saudi Arabia in 2012. Additionally, technological advancements such as high-definition imaging, ergonomic designs, and wireless connectivity are shaping the landscape of video laryngoscopes in the MENA market offering enhanced visualization, real-time data transmission, and seamless integration with electronic medical records (EMRs) and hospital information systems (HIS).

MENA Video Laryngoscope Market Trends

This section discusses the key market trends that are influencing the various segments of the MENA video laryngoscope market as identified by our team of research experts.

Hospitals Transforming Industry

Hospitals, including emergency departments, intensive care units (ICUs), and operating rooms, depend heavily on advanced airway management solutions to ensure optimal patient care standards. They offer respective advantages in hospital settings, such as improved visualization of the airway anatomy, higher intubation success rates, and reduced procedure-related complications. Furthermore, the growing number of hospitals and medical facilities in the MENA region, coupled with increasing healthcare expenditure, contributes to the market’s expansion.

As per the report of Dubai Healthcare City Authority, by 2022, in Dubai alone, the number of private medical facilities reached 4,482, including 56 hospitals, and 55,208 licensed medical professionals. The Dubai Health Authority projects a growth of 10-15% for medical professionals and 3-6% for facilities in 2023 and beyond.

The GCC had over 829 hospitals accommodating more than 119,679 beds as of 2020, in addition to many primary healthcare centers, medical clinics and laboratories.

Saudi Arabia is Expected to Grow with Significant CAGR During Forecast Period

Saudi Arabia held a dominant share of the market in 2022. The growing demand for advanced medical technologies, expanding healthcare infrastructure. Adding to this, surge in the geriatric population, coupled with the increasing prevalence of respiratory diseases, underscores the importance of advanced airway management solutions like video laryngoscopes in addressing clinical challenges and improving patient outcomes. As per the United Nations Population Fund (UNFPA) in 2024, United Arab Emirates is going through a demographic transition as the number of persons aged 60+ is expected to increase more than six-fold between 2020 – 2050 from about 311,000 (3.1% of the total population) to 2 million (19.7%). Moreover, regulatory initiatives, collaborations with international medical device manufacturers, and training programs for healthcare professionals contribute to the growth and adoption of video laryngoscopes in Saudi Arabia.

MENA Video Laryngoscope Industry Overview

The MENA video laryngoscope market is competitive and fragmented, with the presence of several MENA and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Medtronic, TELEFLEX, Ambu, KARL STORZ, Intersurgical Ltd, RioMed, BESDATA, Barzan Medical, AUG Medical, Penlon Limited.

MENA Video Laryngoscope Market News

For instance, on June 21, 2023: Teleflex Incorporated announced a partnership with Shenzhen Insighters Medical Technology Co., Ltd. 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.

For instance, on April 11, 2022: OMNIVISION introduced 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.

For instance, on July 21, 2020: Nihon Kohden, revealed that it was offering the NK AWS-S200 video laryngoscope as part of its critical care portfolio. Designed for the safe and secure intubation of patients in even the most difficult situations, the NK AWS-S200 may reduce the exposure to aerosolized particles ii, which can help protect clinicians while intubating patients suffering from COVID-19 or other respiratory infections.

MENA Video Laryngoscope Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The MENA video laryngoscope market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the MENA Video Laryngoscope Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA video laryngoscope market were the three major steps undertaken to create and analyze the adoption of video laryngoscope in major regions of MENA. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA video laryngoscope market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the MENA video laryngoscope market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the MENA video laryngoscope market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, usage type, device type, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA video laryngoscope market. Further, we conducted factor analysis using dependent and independent variables such as product, usage type, device type, and end-user of the MENA video laryngoscope market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the MENA video laryngoscope market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA video laryngoscope market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the MENA video laryngoscope market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the MENA video laryngoscope market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA video laryngoscope market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, usage type, device type, and end-user in the MENA video laryngoscope market.

The main objective of the MENA video laryngoscope Market Study

The current & future market trends of the MENA video laryngoscope market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the MENA video laryngoscope market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product, usage type, device type, and end-user
• Define and analyze the regulatory framework for the MENA video laryngoscope industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the MENA video laryngoscope market for the major region
• Company profiles of the MENA video laryngoscope market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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