The global Airway Management Devices Market Growth Accelerated by Increasing Prevalence of Respiratory Diseases
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| Airway Management Devices Market |
Airway management devices are
used to ensure a clear pathway for air to flow in and out of the lungs. They
help in oxygenation of patients suffering from respiratory diseases. Various
airway management devices include laryngeal mask airways, endotracheal tubes,
tracheostomy tubes, and specialty airway devices like double-lumen tubes,
bronchial blockers, etc. Growing prevalence of respiratory diseases like asthma
and Chronic Obstructive Pulmonary Disease (COPD) is expected to boost the
demand for these devices. 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 key trends:
Technological advancements in
airway management devices are a key trend witnessed in the market.
Manufacturers are focused on developing innovative devices to manage difficult
airways more effectively. For instance, Ambu a/s launched its new video
laryngoscope devices 'Ambu aScopeTM 4' and 'aView Advance' in 2019 which offer
superior view with high-definition imaging and longer battery life. Similarly,
a new type of supraglottic airway called I-gel was launched by Intersurgical in
2015 which provides effective ventilation without the need for manual
maneuvering like insertion of endotracheal tubes. Such innovations are
anticipated to boost the demand for advanced airway management devices over the
forecast period.
Segment Analysis
The global airway management
devices market is dominated by endotracheal tubes sub segment which accounts
for around 35% share of the overall market. Endotracheal tubes are designed to
provide an alternative route for breathing during emergency surgeries and
respiratory procedures where normal breathing is compromised. Demand for these
devices remains high due to increasing number of surgeries globally.
Key Takeaways
The Global
Airway Management Devices Market Share is expected to witness high
growth at a CAGR of 6.8% during the forecast period of 2023 to 2030. The market
is expected to reach a size of US$ 1949.53 Mn by 2023.
Regional analysis
North America region currently
dominates the global airway management devices market owing to increasing
geriatric population and higher treatment rates. The region accounts for over
40% share of the global market. However Asia Pacific region is expected to
witness fastest growth during the forecast period owing to growing healthcare
infrastructure and improving access and affordability of healthcare services in
countries like China and India.
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, Ambu A/S., Verathon Inc.,
SourceMark, SunMed, KARL STORZ, Flexicare (Group) Limited, and Vyaire Medical.
Medtronic PLC and Teleflex Incorporated together account for over 30% share of
the global market owing to their robust portfolio of endotracheal tubes and
laryngeal mask airways.
Get More Insights Here
https://www.newsstatix.com/airway-management-devices-market-size-share-growth-outlook-2023-2/
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