Press release
Airway Management Devices Market Size, Share, Industry, Forecast and Outlook (2024-2031)
Global Airways Management Devices Market Projected to Grow Significantly by 2031The global airways management devices market, valued at US$ million in 2023, is set to experience substantial growth, reaching a projected value of US$ million by 2031. This growth is anticipated to occur at a high compound annual growth rate (CAGR) during the forecast period spanning from 2024 to 2031.
Airway management is a critical necessity in various scenarios, ranging from simple choking incidents to complex airway obstructions. These obstructions can arise from factors such as foreign bodies, injuries, increased secretions, or inflammation of the airway.
Driving factors fueling the growth of the airway management devices market include the rising prevalence of respiratory diseases, increased healthcare spending, advancements in healthcare infrastructure, and a growing demand for expanded care delivery options. Particularly, the North America region is expected to witness significant market growth due to the introduction of innovative technologies by key industry players, alongside rising collaborations and approvals of new airway devices.
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Innovations in airway management technology play a pivotal role in market expansion. Technologically advanced devices, such as Video Laryngeal Masks and Endotracheal Intubation, are continually being developed to enhance safety and efficacy in airway management procedures.
However, the market faces certain restraints, including adverse effects associated with airway management devices. Complications such as aspiration and rare adverse events like pharyngeal rupture underscore the importance of continued innovation and improvement in device design.
Moreover, amidst the COVID-19 pandemic, airway management strategies have evolved rapidly, with practices like rapid sequence induction and the use of supraglottic airway devices witnessing increased adoption to ensure patient and healthcare worker safety.
In terms of segmentation, the market value for endosteal implants is projected to grow substantially by 2031, driven by advancements in devices like the Airtraq laryngoscope and Glidescope video laryngoscope, which have demonstrated efficacy in both normal and difficult airways.
Key players contributing to the growth of the global market include Intersurgical Ltd, Medtronic Plc, Olympus Corporation, ICU Medical, Inc, and others. These industry leaders are leveraging strategies such as partnerships, mergers, acquisitions, and enhanced research and development efforts to solidify their market presence.
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