AI is fastest growing segment fueling the growth of the Global Airway Management Devices Market
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| Airway Management Devices Market |
The global Airway Management
Devices Market is estimated to be valued at US$ 1949.53 Mn in 2023 and is
expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market Overview:
Airway management devices are
medical devices used to maintain airway patency, prevent airway obstruction,
and optimize respiratory gas exchange in patients under anesthesia or during
respiratory emergencies. Common airway management devices include supraglottic
airway devices, endotracheal tubes, tracheostomy tubes, and laryngoscopes.
These devices play a vital role in emergency and critical care medicine by
ensuring airway patency for delivery of oxygen and mechanical ventilation.
Market key trends:
One of the key trends
contributing to the growth of the market is increasing adoption of AI-powered
airway management devices. Manufacturers are integrating AI capabilities in
airway management devices to aid diagnosis and treatment of respiratory
diseases. For instance, AI-powered videolaryngoscopes provide enhanced
visualization of the larynx and vocal cords during intubation procedures. AI
analysis of images captured during intubation enables superimposition of
real-time anatomical structures for guiding endotracheal tube placement. This
enhances first-pass success rates and reduces intubation time. Growing
investments by key players in developing AI-based airway management solutions
will further fuel the demand and adoption of such advanced devices over the
forecast period.
Segment Analysis
The global airway management
devices market is segmented into supraglottic devices, infraglottic devices,
laryngoscopes, bronchoscopes, and resuscitators. Among these, the supraglottic
devices segment accounted for the largest share of the market in 2022 due to
their effectiveness in airway occlusion and widespread adoption across various
healthcare settings. Supraglottic devices provide an effective alternative to
endotracheal intubation and are preferred for airway management of unconscious
patients in emergency medical settings and operating rooms.
Key Takeaways
The Global
Airway Management Devices Market Share is expected to witness high
growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing
prevalence of chronic respiratory diseases and road accidents requiring
emergency airway management procedures.
Regional analysis
North America dominated the
global market in 2022 and is expected to maintain its position during the
forecast period. This is attributed to rising healthcare expenditure, presence
of major players, and growing pool of patients suffering from respiratory
diseases driving demand for advanced airway management devices in the region.
Asia Pacific is anticipated to witness the highest growth rate during the
forecast period owing to growing patient population, improving healthcare
infrastructure, and increasing investments by key players.
Key players
Key players operating in the
airway management devices market are Medtronic PLC, ICU Medical, Inc., Viggo
Medical Devices, Teleflex Incorporated, Olympus America, Polymedicure,Verathon
Inc., SourceMark, SunMed, KARL STORZ, Flexicare Group Limited, and Vyaire
Medical. Medtronic and Teleflex Incorporated are the market leaders due to
their effective brand positioning and broad product portfolio in the field of
emergency airway management devices.
Read more
https://www.newsstatix.com/airway-management-devices-market-size-share-growth-outlook-2023/
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