Airway Management Devices Market | Ongoing Trends and Recent Developments | Major Key Players like Medtronic (Ireland), Smiths Medical (US), Teleflex (US)

The growth of the Airway Management Devices Market is driven mainly by the rising prevalence of chronic respiratory diseases; increasing demand for emergency care; high incidence of preterm births; growth in investments, funds, and grants by government bodies for improving emergency care infrastructure.

What the Market Looks Like?

Predicted to grow at a CAGR of 5.1% during the forecast period, the global Airway Management Devices Market is estimated to reach USD 2.0 billion by the end of 2024. In 2018, North America dominated the market, followed by Europe.

Based on type, airway management devices are segmented into supraglottic airway management devices, infraglottic airway management devices, resuscitators, laryngoscopes, and other airway management devices such as stylets, bougies, suction devices, bronchial blockers, introducers, endotracheal/tracheostomy tube holders, CO2 detectors, cuff pressure monitors, disposable inner cannulas, and endobronchial tubes, among others. In 2019, the infraglottic airway management devices segment is expected to account for the largest share of the market

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Based on the end-user, the Airway Management Devices Market is segmented into operating rooms, emergency care departments, intensive care units, and other end users. In 2018, the operating rooms segment accounted for the largest share of the market. The large share of this segment can be attributed to the increasing number of surgical procedures performed where airway management devices are used for ventilation, oxygenation, and the administration of anesthesia.

What Drives the Market?

The growth of the global market for Airway Management Devices is primarily influenced by the following factors:

• Rising Prevalence of Chronic Respiratory Diseases
• Increasing Demand for Emergency Care
• High Incidence of Preterm Births
• Growth in Investments, Funds, and Grants by Government Bodies for Improving Emergency Care Infrastructure

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Geographical growth scenario of Airway Management Devices Market:

Geographically, the Airway Management Devices Market has been studied for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Factors such as the presence of a highly developed healthcare system, rising prevalence of chronic respiratory diseases, increase in emergency department visits, higher adoption of airway management devices, and wider availability of advanced airway management devices are driving the market for airway management devices in North America.

According to the statistical report published by the Agency for Healthcare Research and Quality on the Trends in Emergency Departments (2006–2014), more than half of the 35.4 million inpatient admissions in the US come through emergency departments (EDs). The number of emergency visits has increased by almost 14.8%, from 120.0 million in 2006 to 145.6 million in 2016 (Source: CDC).

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Leading market players and strategies adopted:

The prominent players in the Airway Management Devices Market include Medtronic (Ireland), Smiths Medical (US), Teleflex (US), Ambu (Denmark), KARL STORZ (Germany), Flexicare (US), Verathon (US), Olympus (Japan), Intersurgical (UK), SunMed (US), Vyaire Medical (US), VBM Medizintechnik (Germany), SourceMark (US), TRACOE medical (Germany), Salter Labs (US), Venner Medical International (US), Mercury Medical (US), Pulmodyne (US), Tuoren Medical (China).

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