Global Airway Management Devices Market, by Device Type (Supraglottic Airway Management Devices (Laryngeal Mask Airway, Oropharyngeal Airway, And Nasopharyngeal Airway), Infraglottic Airway Management Devices (Endotracheal Tubes and Tracheostomy Tubes), Laryngoscopes (Conventional Laryngoscope and Video Laryngoscopes), Resuscitators, Others (Cricothyrotomy Kits, etc.)), by Use (Single Use and Reusable), by Patient Type (Adult Patient and Pediatrics), by End User (Hospitals, Ambulatory Surgery Centers, Others (Home Care, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 1,825.4 Million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
The increasing adoption of inorganic growth strategies such as partnerships and agreements by the key players in the market is expected to drive the market growth over the forecast period. For instance, in July 2022, SunMed, LLC, a medical device manufacturing company, and Securisyn Medical LLC, a U.S.-based medical equipment company, entered into a strategic manufacturing and distribution partnership for the distribution of novel airway securement devices at global level.
Global Airway Management Devices Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
The global COVID-19 pandemic has led to an increased demand for the airway management devices, thus, key market players are focusing on technological advancements in the airway management devices, which is expected to provide lucrative growth opportunity to the market. For instance, in May 2021, Medtronic plc unveiled its first of its kind, SonarMed airway monitoring system for pediatric patients in the U.S. The device, which uses acoustic technology to detect ETT (endotracheal tube) obstructions and verify positions in real-time, is designed to give clinicians access to important data required to make more informed medical decisions.
Global Airway Management Devices Market: Key Developments
In July, 2021, Securisyn Medical LLC, a developer of novel breathing and smooth tube and catheter securement technologies focused to improve patient outcomes, announced the Phase II award of its Phase I/II Fast-Track Small Business Innovation Research (SBIR) grant from the Eunice Kennedy National Institute of Child Health and Human Development (NICHD).
Browse 43 Market Data Tables and 34 Figures spread through 214 Pages and in-depth TOC on “Global Airway Management Devices Market”- Forecast to 2030, Global Airway Management Devices Market, by Device Type (Supraglottic Airway Management Devices (Laryngeal Mask Airway, Oropharyngeal Airway, And Nasopharyngeal Airway), Infraglottic Airway Management Devices (Endotracheal Tubes and Tracheostomy Tubes), Laryngoscopes (Conventional Laryngoscope and Video Laryngoscopes), Resuscitators, Others (Cricothyrotomy Kits, etc.)), by Use (Single Use and Reusable), by Patient Type (Adult Patient and Pediatrics), by End User (Hospitals, Ambulatory Surgery Centers, Others (Home Care, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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https://www.coherentmarketinsights.com/market-insight/airway-management-devices-market-5364
Moreover, increasing prevalence of chronic respiratory disease among the global population is expected to increase the growth of the global airway management devices market during the forecast period. For instance, as per the WHO report, asthma has affected 262 million people globally and caused 455,000 deaths in 2019. Moreover, in 2019, asthma resulted in 439,000 hospitalizations and an estimated 1.3 million visits in the U. S.
Key Takeaways of the Global Airway Management Devices Market:
- The global airway management devices market is expected to exhibit a CAGR of 6.8% during the forecast period due to increasing technology advancement in the airway management devices. For instance, in October 2021, VYAIRE MEDICAL, INC., a medical equipment company, announced the advancement in the surgical sedation safety with the launch of novel airway technology named new SuperNO2VA Et mask.
- Among device type, supraglottic airway management (SGA) segment is expected to witness significant growth over the forecast period, owing to the increasing research study for the review of commercially available supraglottic airway devices. For instance, according to an article published in Millitary Medicine on February 17, 2022, the study provided the review of SGA devices with a focus on specifications, technical features, and adverse reports relevant to prehospital combat casualty care by comparing twenty-five commercially available SGA devices.
- Among the use, single use airway management devices is estimated to account for the largest market share in the global airway management devices market over the forecast period as single use airway management devices are offering various benefits such as eliminating all risk of cross contamination, ergonomic, long ventilations are less exhausting due to the lightweight design, quick recoil time, quick ventilation, low valve resistance, and many other factors. Thus, multiple benefits of single use airway management device is anticipated to fuel the growth of the segment over the forecast period.s
- Major players operating in the global airway management devices market include 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
