Global Airway Management Devices Market Major Players Forecast 2024 - 2033
12 Jun, 2024
The airway management devices market has demonstrated steady growth, climbing from $2.49 billion in 2023 to $2.55 billion in 2024, with a CAGR of 2.4%. This growth can be attributed to the prevalence of chronic respiratory diseases and the rising demand for minimally invasive surgeries. Projected growth anticipates reaching $3.22 billion in 2028, with a CAGR of 6.0%. Driving this growth are factors such as an aging population, concerns surrounding occupational health and safety, and trends like enhanced video imaging and telehealth integration.
Major Driver In The Airway Management Devices Market
The increasing prevalence of respiratory diseases is poised to drive demand for airway management devices in the forecast period. These devices are crucial for managing difficult emergency airway situations during medical procedures. With respiratory diseases such as chronic obstructive pulmonary disease (COPD), lung cancer, tuberculosis, and asthma on the rise globally, there is a growing need for effective airway management solutions. For instance, in the US alone, COPD was the sixth leading cause of death in 2021, underscoring the significance of airway management devices in medical care settings.
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Medtronic Inc., Smiths Medical Inc., Teleflex Incorporated, Ambu A/S, KARL STORZ SE & Co. KG, Flexicare Medical Limited, Intersurgical Ltd., Becton Dickinson and Company, Mercury Medical, Well Lead Medical Co. Ltd., Unomedical Inc., SunMed LLC, Tuoren Medical Device India Pvt. Ltd., Medline Industries Inc., Armstrong Medical Limited, Zhejiang Sujia Medical Device Co.Ltd., Vyaire Medical Inc., Salter Labs Inc., Cook Medical Inc., Olympus Corporation, General Electric Company, ICU Medical Inc., ConvaTec Group Plc, VBM Medizintechnik GmbH, Boston Scientific Corporation, Fujifilm Holdings Corporation, Hoya Corporation, Richard Wolf GmbH, Stryker Corporation, Terumo Corporation, Verathon Inc., Vitalograph Ltd., Westmed Inc., Xiamen Compower Medical Tech Co. Ltd.
Key Airway Management Devices Market Trend
Companies in the airway management devices market are focusing on developing innovative products like airway monitoring systems to offer reliable services. An airway monitoring system helps ensure the patency and correct placement of an endotracheal tube (ETT). For example, in May 2021, Medtronic Plc, a U.S.-based medical device company, introduced SonarMed, a pediatric monitor designed to alert clinicians to potential airway obstructions during ventilation using acoustic technology. This system provides real-time assessments of ETT obstruction and positioning, giving crucial information to physicians for better-informed, life-saving decisions. The SonarMed system is the first FDA-approved airway monitoring system, offering precise readings and rapid notifications to support coordinated responses to potentially life-threatening events, such as ETT movement and migration.
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The airway management devices market covered in this report is segmented –
1) By Type: Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Other Devices
2) By Application: Anesthesia, Emergency Medicine, Other Applications
3) By End Use: Hospital, Homecare
By Geography: The countries covered in the airway management devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the airway management devices market in 2023.
The Airway Management Devices Global Market Report 2024 furnishes information about the global airway management devices market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.