Airway Management Devices Market Set to Experience Rapid GrowthPosted by Jignesh J on April 18th, 2023 The Global Airway Management Devices Market is projected to reach USD 2.5 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 5.8% during the forecast period. Airway management devices market is majorly driven by the increasing prevalence of chronic respiratory diseases such as COPD and asthma and surge in the number of patients requiring intensive and emergency care. Moreover, presence of favorable reimbursement coverage across developed countries, and the high incidence of pre-term births, increasing public and private investments for the development of healthcare infrastructure, and rising geriatric population is supporting the market growth. Rising demand for single-use airway management devices and significant growth potential in emerging countries for airway management therapies present lucrative growth opportunities for the vendors in the market. On the other hand, lack of skilled professionals, adverse effects of certain devices on neonates, increasing pricing pressure on market players and lack of reimbursement policies across emerging countries are expected to hamper the growth of this market during the forecast period. The Global Airway Management Devices Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. The report also analyzes the development proposals and the feasibility of new investments. This report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this research report. Download a PDF Copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116806061 The prominent players in this market are Medtronic plc (Ireland), Smiths Medical (UK), Teleflex Inc. (US), and Ambu A/S (Denmark), ConvaTec Group plc (UK), KARL STORZ (Germany), Flexicare (US), Intersurgical Ltd. (UK), SunMed LLC (US), Vyaire Medical (US), and VBM Medizintechnik (Germany). The study categorizes the airway management devices market into following segments & sub-segments: By Type
o Endotracheal tubes o Tracheostomy tubes
o Laryngeal Mask Airways o Oropharyngeal Airways o Nasopharyngeal Airways o Other Supraglottic Airway Management Devices
o Conventional Laryngoscope o Video Laryngoscope
By Application
By Patient Age
By End User
o Operating Rooms o Emergency Care Departments o Intensive Care Units
Asia Pacific is expected to account for the highest CAGR for players operating in the airway management devices market The Asia Pacific airway management devices market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to the presence of high-growth markets such as India, China, and Japan; rapid growth in the geriatric population; increasing demand for critical care units; the implementation of favorable government initiatives; growing per capita income; increasing investments in the healthcare industry; the rising demand for cutting-edge technologies; and the expansion of private-sector hospitals to rural areas. In addition, the Asia Pacific is becoming a medical tourism hub and is considered one of the fastest-growing markets for medical procedures and devices. Low infrastructure and treatment costs and the availability of highly educated physicians have driven medical tourists to APAC countries, particularly to India, Malaysia, and China. Some of the key geographies mentioned in this report include:
Airway Management Devices Market Recent developments:
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