Airway Management Devices Market

Airway Management Devices Market Size 2023 to 2028)

The global airway management devices market size is predicted to be worth USD 2.86 billion by 2028 from USD 1.91 billion in 2023, growing at a CAGR of 8.44% from 2023 to 2028.

MARKET DRIVERS:

The growing patient population suffering from chronic diseases majorly drives the growth of the airway management devices market. There has been an increase in the number of cases of chronic diseases such as asthma and respiratory diseases worldwide. In 2020, lung cancer ranked as the second most diagnosed cancer and was the primary cause of cancer-related deaths. It accounted for about 11.4% of all cancer cases and approximately 18.0% of all cancer-related deaths. More than 10 million cases of Asthma are recorded annually in India alone. This is attributed to changes in lifestyle and habits. In recent years, there has also been an increase in preterm babies. These babies need special care and need to be put under anaesthetics and airway management needs to be maintained.

The rise in pollution and rapid consumption of cigarette smoking and the increase in the number of preterm births propel the growth of the airway management devices market. 14 million+ cases of preterm births are recorded annually on a global scale. These factors have directly led to increased investments by the governments and private health care units, as airway management devices are one of the most important components of ICU and intensive care units for anesthetics and other procedures.

MARKET RESTRAINTS:

The high cost of installation and operations is one of the major restraining factors for the airway management devices market. These high costs restrict smaller hospitals and healthcare units from adopting airway management devices. Lack of awareness among small and rural healthcare units regarding the potential benefits of airway management devices further impedes global market growth. The complications of airway management devices and the required skilled labor hinder global market growth.

Impact of COVID-19 on the airway management devices market:

The COVID-19 pandemic had a mixed impact on the airway management devices market. The airway management devices market was severely affected by to COVID-19 pandemic as traditional techniques of Airway Management could not be employed due to the COVID-19 virus spreading through respiratory droplets, which posed an increased risk to healthcare workers during the initial phase of the COVID-19 pandemic. This led to the use of single-use and Video Laryngoscopes Airway Management Devices to ensure safety and COVID-19 norms as healthcare workers can observe the airway of the patient while maintaining a safe distance. There was also increased demand for Airway Management Devices due to COVID-19 aggravating pre-existing Chronic diseases and patients admitted to ICU. This fuelled the growth of the airway management devices market exponentially. Due to the lockdown restrictions, there was a disruption in supply chains and requirement for raw materials for manufacturing the airway management devices and hampering the growth of the airway management devices market.

REPORT COVERAGE:

The research report on the global airway management devices market has been segmented based on device type, patient age, end user, and region.

Airway Management Devices Market - By Device Type:

• Infraglottic Devices
• Supraglottic Devices
• Laryngoscopes
• Resuscitators

Based on device type, the infraglottic devices segment is expected to dominate the global airway management devices market during the forecast period owing to the patient population suffering from chronic diseases. Infraglottic devices are placed below the Glottis of the larynx.

The laryngoscopes segment is estimated to exhibit the highest CAGR during the forecast period. Increased adoption of video Laryngoscopes post-COVID-19 due to their advanced features primarily drives the growth of the laryngoscopes segment in the worldwide market.

Airway Management Devices Market - By Patient Age:

• Adult
• Pediatric

Based on patient age, the pediatric segment claims the highest share of the global airway management devices market in the coming years. An increase in complications in newborn babies and a rise in preterm births due to changes in lifestyle and a rise in pollution levels propel the growth of the pediatric segment in the global market.

Airway Management Devices Market - By End User:

• Hospitals
• Ambulatory Care
• Home Care

Based on end-users, the hospital segment is expected to register the highest share of the global airway management devices market during the forecast period owing to an increase in surgical procedures and preterm birth and the need for improved and well-equipped infrastructure funded by both government and private healthcare units.

The ambulatory care segment is predicted to account for a considerable share of the worldwide market during the forecast period due to an increase in the number of road accidents.

Airway Management Devices Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The North American region holds the highest share of the global airway management devices market during the forecast period. The presence of developed economies, top-class healthcare infrastructure and the presence of key market participants majorly drive the growth of the airway management devices market in the North American region.

The European region accounted for a substantial share of the global market in 2022 and is anticipated to showcase a healthy CAGR in the coming years owing to the growing emphasis in the healthcare sector by the governments, increasing demand for non-invasive procedures, increasing population with high disposable incomes along with awareness of the healthcare.

The Asia Pacific exhibits the highest CAGR among all regions in the worldwide market during the forecast period due to increased investments and rapid advancements in the healthcare facilities in the region.

The Latin American market is experiencing steady growth, while the Middle East and African market has registered the lowest share. This is due to the poor healthcare facilities and lack of technological advancements in the Middle East and African region in the Global Airway Management Market during the forecast period.

KEY MARKET PLAYERS:

MedtronicSmiths Medical, Inc., Teleflex Incorporated, KARL STORZ SE & Co. KG, Ambu A/S, Flexicare (Group) Limited, Intersurgical Ltd., SunMed, VYAIRE MEDICAL, INC. and Vbm Medizintechnik are some of the noteworthy companies in the global airway management devices market.

RECENT MARKET DEVELOPMENTS:

• In January 2022, Intersurgical Ltd acquired Pulmodyne, Inc.  Pulmodyne is a U.S. and Malaysian manufacturer of high-quality innovative airway and respiratory products for prehospital, emergency care, critical care, and home use. This acquisition will help Intersurgical to expand its presence in the U.S. market and increase sales of Pulmodyne products through Intersurgical's global network.
• In January 2022, ICU Medical acquired the Smiths Medical business from Smiths Group plc. This acquisition includes a range of airway management devices, which will help ICU Medical to expand its product portfolio in the Airway Management Devices Market.