Global Airway Management Products Market Set to Grow Significantly by 2028: Driven by Technological Advancements and Increasing Incidence of Respiratory Disorders
Airway Management Devices Market in terms of revenue was estimated to be worth $1.8 billion in 2022 and is poised to reach $2.4 billion by 2028, growing at a CAGR of 5.6% from 2022 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by increasing prevalence of respiratory tract infections and chronic respiratory diseases. Moreover, increasing number of emergency care admission and favourable reimbursement coverage across emerging countries supporting the growth of airway management devices market.
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The global Airway Management Products Market is projected to witness substantial growth over the forecast period (2023-2028), fueled by increasing demand for advanced medical devices, rising incidence of chronic respiratory diseases, and a growing geriatric population.
The report highlights the expanding use of airway management devices across hospitals, ambulatory care, and home care settings. With advancements in technology, including innovations in intubation, supraglottic airway devices, and ventilation, the market is expected to accelerate.
Key Market Drivers:
Increasing Prevalence of Respiratory Diseases: A surge in conditions such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and sleep apnea is significantly increasing demand for airway management devices.
Technological Advancements: Innovative product development in intubation devices, supraglottic airway devices, and anesthesia masks is transforming patient care and improving clinical outcomes.
Rising Geriatric Population: As the elderly population grows globally, the need for airway management products in both emergency and routine medical procedures continues to climb.
Outpatient and Home Care Trend: The shift toward minimally invasive procedures and home healthcare solutions is pushing the demand for portable and user-friendly airway management devices.
Market Segmentation:
The airway management products market is segmented by product type, end user, and geography. Key product categories include:
Endotracheal Tubes: Widely used in surgeries and emergency care.
Supraglottic Airway Devices: Increasing in popularity due to ease of use in difficult airway management cases.
Laryngeal Masks: Effective in delivering anesthesia and providing airway support in emergency and non-emergency situations.
By end-user, the market serves hospitals, outpatient clinics, and home healthcare providers, with hospitals leading in overall adoption due to the high volume of procedures requiring airway management.
Regional Insights:
North America dominates the market with high adoption rates, advanced healthcare infrastructure, and increasing government initiatives to support respiratory health.
Europe follows closely, benefitting from significant R&D investments and a rise in healthcare expenditure.
Asia-Pacific is poised for the fastest growth, driven by an increasing healthcare focus, large patient populations, and growing awareness of respiratory conditions in emerging economies.
Competitive Landscape:
Key players in the airway management products market include Teleflex Incorporated, Medtronic, Smiths Medical, Ambu A/S, and Intersurgical Ltd. These companies are investing in R&D, strategic partnerships, and new product launches to maintain competitive advantages and meet evolving market demands.
Future Outlook:
The airway management products market is expected to grow at a CAGR of 5.6% during the forecast period, with increasing investments in healthcare infrastructure, coupled with the growing focus on patient safety, set to propel market growth.
Asia Pacific is expected to account for the highest CAGR in the airway management devices market
The Asia Pacific airway management devices market is expected to grow at the highest CAGR during the forecast period. Asia Pacific is driven by rising number of geriatric populations, increasing demand for critical care units and the low infrastructure and treatment costs and the presence of highly educated physicians have driven medical tourists to APAC countries, particularly to Malaysia, India, and China.
Airway Management Devices Market Dynamics:
Drivers:
- Increasing prevalence of chronic respiratory diseases
- Growing demand for emergency and intensive care
- Growing incidence of pre-term births globally
- Government support for improving emergency care infrastructure
Restraints:
- Lack of reimbursement policies across developing countries
Opportunities:
- Growing demand for single-use airway management devices
- Increased growth potential in emerging countries
Challenges:
- Harmful effects of airway management devices on neonatal patients
- Dearth of skilled professionals for airway management procedures
- Increasing pricing pressure on key market players
Airway Management Devices Market Advantages:
Provides a detailed analysis of the current and emerging Airway Management Devices market trends and dynamics.
- Offers an in-depth analysis of the market size in terms of volume and value.
- In-depth analysis of the key segments of the Airway Management Devices market.
- Comprehensive analysis of the factors that drive and restrain the growth of the market.
- Comprehensive analysis of the regional markets for Airway Management Devices.
- Comprehensive analysis of the competitive landscape and detailed profiles of the major players in the market.
Airway Management Devices Market - Report Highlights:
- Recession Impact Analysis: The existing report includes an analysis of the impact of recession on the electrophoresis the market overview section.
- Newer and improved representation of financial information: The new edition of the report provides updated financial information till 2022-2023 (depending on the availability) for each listed company in a graphical representation in a single diagram (instead of multiple tables). This will allow for the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating country/region, and business segment focus in terms of the highest revenue-generating segment.
- Recent Market Developments: Recent developments are helpful to know the market trend and growth strategies adopted by players in the market. The report provides the updated developments in terms of acquisitions, agreements, expansions, and agreements/collaboration etc.
- Latest Product portfolio: The new edition of the report provides an updated product portfolio of the companies profiled in the report.
- Competitive leadership mapping: The competitive landscape chapter has been updated with the market evaluation matrix. The competitive landscape also includes the market share analysis for 2023, updated competitive leadership mapping, and competitive situation & trends. This report version has added the vendor dive matrix, covering a comprehensive study of the key vendors. Competitive leadership mapping has also been done for start-ups/SMEs.
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https://www.marketsandmarkets.com/ResearchInsight/airway-management-device-market.asp
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