Airway management devices aid in establishing and maintaining a clear airway and adequate respiration during procedures. These devices include laryngeal mask airways, nasal/oral airways, endotracheal tubes, laryngoscopes, tracheostomy tubes, and breathing circuits. They assist during medical emergencies to provide an open passage for oxygen and prevent obstruction. 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 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of advanced airway management devices has been rising at a swift pace. Devices such as video laryngoscopes with integrated visualization technology facilitate endotracheal intubation in difficult airway situations with greater accuracy and ease. They provide better laryngeal exposure in patients with restricted mouth opening or neck stiffness. This technology aids healthcare professionals during medical emergencies and trauma care. With growing awareness about the effectiveness of video laryngoscopes, their demand from healthcare facilities is expected to increase significantly over the forecast period.
Segment Analysis
The global airway management devices market is dominated by endotracheal tubes sub segment. This sub segment accounted for the largest market share in 2023 owing to increasing number of surgical procedures and emergency trauma cases that require endotracheal intubation to safely secure the airway of patients. Other major sub segments include laryngeal mask airway devices, tracheostomy tubes, oral and nasal airway devices.
Key Takeaways
The Global Airway Management Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030. This growth can be attributed to rising geriatric population, increased incidence of preterm births, growing number of surgical procedures and rising incidence of chronic respiratory diseases.
Regional analysis: North America dominated the global airway management devices market in 2023 and is expected to continue its dominance over the forecast period. Presence of highly developed healthcare infrastructure, rising geriatric population and greater access to advanced devices are some key factors driving the airway management devices market in North America. Asia Pacific is expected to witness the fastest growth over the forecast periodowing to rising medical tourism, growing investments by key players and increasing healthcare expenditure in emerging economies of China and India.
Key players operating in the airway management devices market are Nanya PCB (Taiwan), Tripod Technology Corporation (Taiwan), Unimicron Technology Corporation (Taiwan), Ibiden Co., Ltd. (Japan), Compeq Manufacturing Co., Ltd. (Taiwan), TTM Technologies, Inc. (United States), Kingboard Holdings Limited (Hong Kong), Shennan Circuits Company Limited (China), AT&S Austria Technologie & Systemtechnik AG (Austria), Multek (a subsidiary of Flex Ltd.) (United States). Leading players are focussing on new product launches, partnerships and acquisitions to strengthen their market position and expand their presence across different geographies.
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https://www.newsstatix.com/airway-management-devices-market-size-share-growth-outlook-2023-3/
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