Airway Management Devices Market Global Sales are Expected to Experience Modest CAGR of 7.2% between 2023 to 2032 | insightSLICE
The global Airway Management Devices market size was estimated to be US$ 1.5 billion in 2021 and is expected grow at a CAGR of 7.2% between 2023 to 2032.
Airway management devices comprise equipment for use by physicians to maintain patients’ airways open and functional in the event of an emergency or physiological malfunction. Such systems can facilitate artificial or biological respiration while keeping the lungs’ intake unobstructed.
Patients typically develop airway problems as a result of severe infection of the lungs and throat, cardiac arrest, or catastrophic trauma. Such individuals require rapid airway clearance to avoid severe problems or death. As the frequency of such diseases rises, so will the need for airway management devices throughout the world.
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Global Airway Management Devices Market Key Segments:
By Device Type
- Infraglottic airway management devices
- Tracheostomy tubes
- Endotracheal Tubes (ETTS)
- Supraglottic airway management devices
- Oropharyngeal Airways (OPAS)
- Laryngeal Mask Airways (LMAS)
- Nasopharyngeal Airways (NPAS)
- Others
- Laryngoscopes
- Resuscitators
- Others
By End-User
- Emergency care departments
- Operating rooms
- Intensive care units
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
The nasopharyngeal airway (NPA), oropharyngeal airway (OPA), endotracheal airway (ETA), and other channels are utilized to keep the airway working by using such airway management devices. Airway stenting and airway clearance systems are some of the other therapy systems available in airway management.
The key players of the Global Airway Management Devices Market are:
The global airway management devices market is highly consolidated and only a few large-scale manufacturers and distributors are controlling the majority of the share. Key players involved in the airway management devices sector are GE Healthcare, Medtronic plc, Koninklijke Philips N.V, Olympus Corporation, Smiths Medical, and Karl Storz GmbH & Co. KG.
Most of these companies are adopting growth strategies like novel product design and development, agreements or partnerships, and merger & acquisitions to further boost their growth and revenue.
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Driving factors for the growth of Global Airway Management Devices Market
The rise in the global population can be connected to an increase in individual life expectancy during the last few decades. The immune response of an individual deteriorates with age, which can raise the possibility of infection and heart disease in this group.
The aging population will increase the frequency and prevalence of chronic respiratory disorders. This is predicted to increase demand for airway management devices all through the forecast period.
COPD, including bronchitis and emphysema, as well as lung cancer and other respiratory tract illnesses, have a significant influence on airways and can cause respiratory failure. As the frequency of chronic respiratory conditions such as asthma and COPD increases, so will the demand for airway management devices.
Furthermore, the prevalence of respiratory illnesses is increasing because of environmental and lifestyle factors like pollution, smoking addiction, poor diets, and stress. The demand for airway management devices is being fuelled by a growth in the number of individuals suffering from such diseases, as well as the rapid introduction and availability of small, cost-effective, and easy-to-use airway equipment for the treatment of such ailments.
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The leading market segments of Global Airway Management Devices Market
Supraglottic devices, infraglottic devices, resuscitators, and laryngoscopes are the most common types of global airway management equipment. Because of technical improvements and increased application during emergencies, infraglotic devices are likely to hold a major share of this market.
Operating rooms (OR), intensive care units (ICU), and others are significant end-user segments of the airway management devices market. When compared to other kinds, the OR category held the largest market share. This growth is due to an increase in the number of ORs in emerging nations.
Furthermore, the utilization of airway management systems in breathing machines, oxygenation, and anesthetic administration during a surgical operation will allow the airway management sector to increase throughout the projected period.
Because the application of airway management systems requires skilled technicians, anaesthesiologists, and nurses’ shortage of such professionals will hamper the use of airway management devices.
Inadequate treatment and identification of serious injuries in an emergency can lead to problems, complications in the afflicted region, or even death. Global anaesthetist and paramedical staff shortages must be addressed as quickly as possible, which will facilitate an opportunity for the growth of new market entrants and the sustenance of older ones.
North America is currently the largest market for airway management systems and the trend is projected to continue positively in the coming years. Technologically advanced equipment, an increasing geriatric population, and better cost margins have enabled the growth of airway management systems in this region.
Aside from the United States, the European airway management system market is anticipated to expand rapidly throughout the projection period. Government initiatives, growing exposure to these systems, and a desire for better healthcare services are boosting the expansion of airway management devices.
Greater purchasing power and disposable income in the Asia Pacific area have resulted in increased medical spending, which will drive the purchase of airway management systems by hospitals and critical care centers in this market. Overall, the worldwide airway management system has a higher chance of expanding during the next decade.
COVID-19 impact on Airway Management Devices market
The Covid-19 outbreak has put a further burden on healthcare systems throughout the world. Because covid-19 mostly impacted the lung and respiratory systems, the need for airway management equipment in hospitals and critical care units grew significantly during that period.
To satisfy the increased demand, all big corporations involved in the development of airway management systems increased their output.
Such increased spending has reduced the cost of such gadgets, increasing their sales even more. As a consequence, the covid-19 pandemic has had a beneficial influence on the expansion of worldwide airway management systems and will continue to facilitate greater growth outcomes for the global airway management systems market.
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