Global Airway Management Devices market size to touch US$ 2.2 Bn by 2025 at a CAGR of 5.5%

Noida, Uttar Pradesh, India, March 16 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Rising chronic respiratory disease prevalence, increasing emergency care demand, high incidence of preterm births, growth in investments, funds, and grants by government bodies for improving emergency care infrastructure. Besides, emerging economies (such as China, Brazil, India, and Mexico) are expected to offer lucrative growth opportunities for market players. However, factors such as the harmful effects of specific devices on neonates, the shortage of skilled professionals, and increasing pricing pressure on market players adversely impact the market’s growth. Following these promising developments, the Global Airway Management Devices Market is estimated to see healthy growth, pegged at a CAGR of around 5.5% throughout the forecast period 2020-2025.

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The increasing respiratory disease prevalence is predicted to be one of the high impact rendering drivers of the airway management devices market. Rendering to the World Health Organization (WHO) report estimates that around 65 million people suffer from moderate-to-severe COPD. Moreover, COPD is predicted to be the third leading cause of death worldwide. Moreover, the high prevalence and an increase in anesthesia usage due to the rise in surgeries are expected to boost the advanced devices demand, thus, employing a positive impact on overall global market growth. The increasing need for emergency treatment for protracted treatments and prolonged illnesses associated with lung diseases in children and adults is expected to drive the market growth.

In the present scenario, increased awareness about the recognition of limited ventilation and the advent of relatively advanced preoperative airway evaluation techniques is expected to widen product penetration scope in the coming years. For instance, Preoperative Endoscopic Airway Evaluation (PEAE) aids in identifying, predicting blocked ventilation, and facilitating the formulation of a plan for efficient management, which focuses on the use of advanced devices, such as supraglottic airway.

Asia Pacific estimated to grow at the highest CAGR throughout the forecast period

North America dominated the market in 2018. The Asia Pacific market is relatively smaller than developed markets across North America and Europe. However, it is expected to grow at the highest rate during the forecast period. This can be endorsed by the presence of high-growth markets such as Japan, China, India, South Korea, Australia, Singapore, and Taiwan, rapid growth in the geriatric population, increasing demand for critical care units, supportive reimbursement policies in Japan, the implementation of favorable government initiatives, growing per capita income, increasing key market players investments in the healthcare industry, rising cutting-edge technologies demand, and the expansion of private-sector hospitals to rural areas. The Asia Pacific is also becoming a medical tourism hub and is considered one of the leading emerging markets for medical devices and procedures. Also, the inadequate infrastructure and treatment costs and the availability of highly refined physicians have driven medical tourists to Asia Pacific countries, particularly China and India.

Segmentation Overview of the Global Airway Management Devices Market

The airway management devices market has been segmented into Product, Application, and End-use. These major market segments are further categorized into various sub-segments to study the market in detail.

By Product Outlook
Supraglottic Devices (Oropharyngeal Devices, Naspharyngeal Devices, Laryngeal Airway Devices, Others)
Infraglottic Devices (Endotracheal Tubes, Tracheostomy Tubes, Others)
Resuscitators
Laryngoscopes
Others

By Application Outlook (Anesthesia, Emergency Medicine, Others)

By End-use Outlook (Hospitals, Homecare, Others)

Key Players Insights

Medtronic, Smiths Medical, Teleflex, Ambu, KARL STORZ, Flexicare, Verathon, Intersurgical, SunMed, Vyaire Medical, VBM Medizintechnik, SourceMark, and Salter Labs, among others, are the leading airway management devices companies included during the research study.

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