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Airway Management Devices Market Trends, Top Major Players, Key Drivers, Growth And Forecast To 2032
Airway Management Devices Market Analysis
The Business Research Company's Airway Management Devices Global Market Report 2023 identifies increasing prevalence of respiratory diseases as the major driver for the airway management devices market's growth in the forecast period. Airway management devices are used for difficult emergency airway management during medical procedures. According to the American Lung Association, in 2020, 148,512 people died from COPDs in the US making it sixth overall leading cause of death and fifth disease-related cause of death. Lung cancer was the deadliest cancer with 1.76 million deaths annually across the world.
The global airway management devices market size grew from $2.36 billion in 2022 to $2.49 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global airway management devices is expected to grow from $2.98 billion in 2027 at a CAGR of 4.6%.
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Major competitors in the airway management devices market are Medtronic, Smiths Medical (A Division of Smiths Group PLC), Teleflex, Ambu, Karl Storz, Flexicare, Intersurgical.
A key trend in the airway management devices market includes launch of innovative airway management devices. For instance, in December 2021, McMurray Enhanced Airwar (MEA) was named as 2021 EMS world innovation awards winner. The MEA is specially designed to quickly open a patient's airway facilitating ventilation and oxygenation. Similarly, in June 2020, Docsinnovent Ltd launched an advanced version of V-gel, which is a supraglottic airway device for cats and rabbits.
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The airway management devices market is segmented -
1) By Type: Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Other Devices
2) By End Use: Hospital, Homecare
3) By Application: Anesthesia, Emergency Medicine, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airway management devices market.
The Business Research Company's "Global Airway Management Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airway Management Devices Market Include:
1. Executive Summary
2. Airway Management Devices Market Characteristics
3. Airway Management Devices Market Trends And Strategies
4. Airway Management Devices Market- Macro Economic Scenario
5. Airway Management Devices Market Size And Growth
……..
26. Africa Airway Management Devices Market
27. Airway Management Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airway Management Devices Market
29. Airway Management Devices Market Future Outlook and Potential Analysis
30. Appendix
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