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The Global Airway Management Devices Market is projected to reach USD 2.5 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 5.8% during the forecast period. Airway management devices market is majorly driven by the increasing prevalence of chronic respiratory diseases such as COPD and asthma and surge in the number of patients requiring intensive and emergency care. Moreover, presence of favorable reimbursement coverage across developed countries, and the high incidence of pre-term births, increasing public and private investments for the development of healthcare infrastructure, and rising geriatric population is supporting the market growth.
Rising demand for single-use airway management devices and significant growth potential in emerging countries for airway management therapies present lucrative growth opportunities for the vendors in the market. On the other hand, lack of skilled professionals, adverse effects of certain devices on neonates, increasing pricing pressure on market players and lack of reimbursement policies across emerging countries are expected to hamper the growth of this market during the forecast period.
The Global Airway Management Devices Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. The report also analyzes the development proposals and the feasibility of new investments. This report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this research report.
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The prominent players in this market are Medtronic plc (Ireland), Smiths Medical (UK), Teleflex Inc. (US), and Ambu A/S (Denmark), ConvaTec Group plc (UK), KARL STORZ (Germany), Flexicare (US), Intersurgical Ltd. (UK), SunMed LLC (US), Vyaire Medical (US), and VBM Medizintechnik (Germany).
The study categorizes the airway management devices market into following segments & sub-segments:
By Type
• Infraglottic Airway Management Devices
o Endotracheal tubes
o Tracheostomy tubes
• Supraglottic Airway Management Devices
o Laryngeal Mask Airways
o Oropharyngeal Airways
o Nasopharyngeal Airways
o Other Supraglottic Airway Management Devices
• Laryngoscopes
o Conventional Laryngoscope
o Video Laryngoscope
• Resuscitators
• Cricothyrotomy Kits
• Other Airway Management Devices
By Application
• Anesthesia
• Emergency Medicine
• Others
By Patient Age
• Adult Patients
• Pediatric/Neonatal Patients
By End User
• Hospitals
o Operating Rooms
o Emergency Care Departments
o Intensive Care Units
• Ambulatory Care Settings
• Home Care Settings
• Others
Asia Pacific is expected to account for the highest CAGR for players operating in the airway management devices market
The Asia Pacific airway management devices market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to the presence of high-growth markets such as India, China, and Japan; rapid growth in the geriatric population; increasing demand for critical care units; the implementation of favorable government initiatives; growing per capita income; increasing investments in the healthcare industry; the rising demand for cutting-edge technologies; and the expansion of private-sector hospitals to rural areas. In addition, the Asia Pacific is becoming a medical tourism hub and is considered one of the fastest-growing markets for medical procedures and devices. Low infrastructure and treatment costs and the availability of highly educated physicians have driven medical tourists to APAC countries, particularly to India, Malaysia, and China.
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Some of the key geographies mentioned in this report include:
• North America (U.S and Canada and rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
Airway Management Devices Market Recent developments:
• In September 2020, VBM Medizintechnik GmbH (Germany) announced to receive 510(k) clearance from US FDA for ScalpelCric kit. The kit is indicated to be used for performing cricothyrotomy procedures using the scalpel technique, as per the recommendation from Difficult Airway Society (DAS) 2015 guidelines.
• In August 2020, Verathon launched the GlideScope Video Baton QC Large, which is a video laryngoscope used with GlideScope Core airway management devices.
• In January 2020, Smiths Medical announced to add a PVC-based tracheostomy tube portfolio in its family of Portex Tracheostomy Tubes and Kits. The portfolio includes BLUselect tracheostomy tubes, BLUperc, and BLUgriggs percutaneous tracheostomy kits and trays.
• In January 2020, VVerathon launched GlideScope Core 15 airway visualization system to deliver enhanced visibility using a 15-inch, high-definition monitor with touchscreen features.
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