Airway Management Devices Market Booms with Increasing Prevalence of Respiratory Disorders
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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