The global Airway Management Devices Market size occupied USD 2.1 Billion in 2022 and is projected to achieve a size of around USD 4.4 Billion by 2032 rising with a CAGR of 7.6% during the forecasted years, as reported by Acumen Research & Consulting
The airway management devices market is experiencing growth driven by factors such as the rapidly increasing global population and the rising prevalence of chronic diseases. These devices play a crucial role in maintaining open airways for patients, facilitating the exchange of gases between their lungs and the atmosphere. Airway management devices are primarily used in the medical and hospital sectors, encompassing various types such as nasopharyngeal airways, oropharyngeal airways, tracheal intubation, and laryngeal mask airways.
These devices find applications across a range of settings and medical fields, including anesthesia, emergency medicine, cardiopulmonary resuscitation, and neonatology, among others. The growing incidence of chronic diseases can be attributed to changes in daily lifestyles, reduced physical activity, inadequate nutrition, and other factors. These developments have significantly contributed to the increased demand for airway management devices.
In summary, the expanding global population, coupled with the rise in chronic diseases, has emerged as a major driving force for the growth of the airway management devices Market. These devices play a crucial role in various medical applications, ensuring efficient airway management and improving patient outcomes.
Airway Management Devices Market Statistics
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Airway Management Devices Market Dynamics
The growth of the airway management devices market is being driven by various factors. Firstly, there is an increase in the number of surgical procedures being performed, as well as a rise in the prevalence of chronic diseases such as asthma and cancer. In critical conditions, such as those involving cardiac issues or accidents, immediate airway clearance is crucial to secure the patient's life. The growing incidence of such cases is expected to fuel the market's growth in the coming years.
The rise in surgical procedures also contributes to the demand for airway management devices, as anesthesia usage increases in these procedures. These devices offer several benefits, including high efficiency, effective ventilation, and enhanced patient safety during surgical interventions.
Furthermore, there is a notable increase in the number of preterm births worldwide. Premature births, occurring before 37 weeks of gestation, often present complications such as respiratory issues and asthma in the infants. To ensure the well-being and safety of these premature babies, airway management devices are required. The increasing incidence of premature births globally is anticipated to drive the growth of the airway management devices market.
It's worth noting that developing countries like Brazil, China, and India have a lower adoption rate of high-cost airway management devices, primarily due to less effective healthcare policies and resource constraints.
Airway Management Devices Market Segmentation
The global market has been categorized into type, patient age, application, end-user, and region.
Airway Management Devices Market Share
Based on the airway management devices market forecast, it is projected that the infraglottic devices type segment will hold the largest market share from 2023 to 2032. This indicates that these particular devices for airway management will dominate the market during this period.
In terms of end users, hospitals emerged as the dominant sector in 2022 and are expected to maintain their leading position in the foreseeable future. This suggests that hospitals will continue to be the primary users and purchasers of airway management devices.
The industry analysis of the airway management devices market indicates substantial revenue growth in the anesthesia application segment during the projected period from 2023 to 2032. This suggests that the use of these devices during anesthesia procedures will significantly contribute to the market's growth.
In terms of patient age, the adult sub-segment has consistently generated the highest revenue in recent years and is expected to sustain its leading position. This signifies that airway management devices catered towards adult patients will continue to dominate the market
Airway Management Devices Market Regional Outlook
In the geographical analysis of the airway management devices industry, North America has emerged as a significant contributor, holding a substantial market share in recent years. The region's growing adult population, particularly individuals aged 65 and above, is a key factor driving this trend. This population group faces a higher risk of chronic diseases such as COPD and asthma, leading to an increased demand for airway management devices. The rise in healthcare services to address these conditions further fuels the market's growth in North America. Notably, the adoption of airway management devices is increasing in prominent cities within the region, particularly in the United States and Canada. With a considerable adult population exceeding 50 billion, which includes individuals aged 65 and above, North America presents a strong market opportunity for airway management devices.
Airway Management Devices Market Players
Some prominent airway management devices companies covered in the industry includes Boston Scientific Corporation, Coloplast Group, Convatec Group, E.M.S., Intersurgical Ltd., KARL STORZ, Lumenis Be Ltd, Medline Industries, Medtronic plc, Olympus Corporation, Smiths Medical, Inc., and SunMed LLC.
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Mr. Frank Wilson
Acumen Research and Consulting