Airway management devices are used to ensure a clear pathway for air to flow in and out of the lungs. They help in oxygenation of patients suffering from respiratory diseases. Various airway management devices include laryngeal mask airways, endotracheal tubes, tracheostomy tubes, and specialty airway devices like double-lumen tubes, bronchial blockers, etc. Growing prevalence of respiratory diseases like asthma and Chronic Obstructive Pulmonary Disease (COPD) is expected to boost the demand for these devices. The global Airway Management Devices Market is estimated to be valued at US$ 1949.53 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements in airway management devices are a key trend witnessed in the market. Manufacturers are focused on developing innovative devices to manage difficult airways more effectively. For instance, Ambu a/s launched its new video laryngoscope devices 'Ambu aScopeTM 4' and 'aView Advance' in 2019 which offer superior view with high-definition imaging and longer battery life. Similarly, a new type of supraglottic airway called I-gel was launched by Intersurgical in 2015 which provides effective ventilation without the need for manual maneuvering like insertion of endotracheal tubes. Such innovations are anticipated to boost the demand for advanced airway management devices over the forecast period.
Segment Analysis
The global airway management devices market is dominated by endotracheal tubes sub segment which accounts for around 35% share of the overall market. Endotracheal tubes are designed to provide an alternative route for breathing during emergency surgeries and respiratory procedures where normal breathing is compromised. Demand for these devices remains high due to increasing number of surgeries globally.
Key Takeaways
The Global Airway Management Devices Market Share is expected to witness high growth at a CAGR of 6.8% during the forecast period of 2023 to 2030. The market is expected to reach a size of US$ 1949.53 Mn by 2023.
Regional analysis
North America region currently dominates the global airway management devices market owing to increasing geriatric population and higher treatment rates. The region accounts for over 40% share of the global market. However Asia Pacific region is expected to witness fastest growth during the forecast period owing to growing healthcare infrastructure and improving access and affordability of healthcare services in countries like China and India.
Key players
Key players operating in the airway management devices market are Medtronic PLC, ICU Medical, Inc., Viggo Medical Devices, Teleflex Incorporated, Olympus America, Polymedicure, Ambu A/S., Verathon Inc., SourceMark, SunMed, KARL STORZ, Flexicare (Group) Limited, and Vyaire Medical. Medtronic PLC and Teleflex Incorporated together account for over 30% share of the global market owing to their robust portfolio of endotracheal tubes and laryngeal mask airways.
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