Medtronic, ICU Medical Leading Players in Fast-Growing Airway Management Devices Landscape
The global market for airway management devices is estimated to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2028, increasing from $1.8 billion in 2022 to $2.4 billion by 2028. Several key factors are driving this projected market expansion. A major driver is the rising incidence of preterm births worldwide. Premature babies often experience breathing issues requiring airway management devices and mechanical ventilation. With preterm birth rates climbing, demand for neonatal/pediatric airway products is surging. Vendors are responding by offering size-appropriate devices for this patient population. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116806061 Another catalyst is the increasing prevalence of chronic respiratory diseases like COPD and asthma, which elevates the need for airway management, especially during surgical procedures requiring anesthesia. The anesthesia application segment currently commands the largest m...