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Airway Management Devices Market to Reach $2.4 Billion by 2028 with a 5.6% CAGR

The airway management devices market is projected to reach USD 2.4 billion by 2028 from USD 1.8 billion in 2022, at a CAGR of 5.6% during the forecast period. Factors such as the growing number of pre-term births, rising geriatric population and increasing prevalence of chronic respiratory diseases, are supporting the market growth. Increasing demand for single-use airway management devices and significant growth potential in developing countries for airway management therapies present growth opportunities for the vendors in the market.

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Airway Management Devices Market to Reach $2.4 Billion by 2028 with a 5.6% CAGR

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  1. MarketsandMarkets Presents Airway Management Devices Market worth $2.4 billion by 2028 https://www.marketsandmarkets.com/Market-Reports/airway-management-device-market-116806061.html

  2. The report "Airway Management Devices Market by type (Endotracheal tubes, Tracheostomy tube, Oropharyngeal, Nasopharyngeal, Laryngoscopes, Resuscitators), Application (Anesthesia, Emergency medicine), End user (Hospitals, Home care settings)- Global Forecast to 2028", is projected to reach USD 2.4 billion by 2028 from USD 1.8 billion in 2022, at a CAGR of 5.6% during the forecast period. Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownload

  3. Objectives of the Study: • To define, describe, segment, and forecast the airway management devices market by type, application, patient age, end user, and region • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges) • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders • To forecast the size of the market with respect to the five key regions (along with countries), namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa • To profile the key players in the market and comprehensively analyze their core competencies and market shares • To track and analyze competitive developments such as product launches & enhancements, expansions, mergers & acquisitions, partnerships, contracts, and collaborations • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=116806061

  4. 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. Laryngoscopes segment is expected to account for the second largest share in 2022. Laryngoscopy is a medical procedure that provides a full view of the vocal folds and the glottis using a laryngoscope. Increasing demand of laryngoscopes are attributed to the rising burden of respiratory complications due to increasing pollution and growing need for intubation and chronic respiratory disease prevalence is expected to drive the airway management devices market. The anesthesia segment held the largest market share in the airway management devices market by application By application, the anesthesia segment accounted for the largest share in 2022. Airway management devices are widely used in anesthesia for maintaining unobstructed breathing during and after the surgical procedure. Increasing number in surgical procedures and demand for maintaining a safe breathing passage to lower the risk of anesthesia-related complications during surgery is driving the demand for airway management devices in the anesthesia segment.

  5. The pediatric patient segment is expected to grow at the highest rate during the forecast period The pediatric/neonatal patients segment is expected to show rapid growth in the patient age segment during the forecast period. Factors attributing to the growth of the segment is due to the rising number of pre-term births and the rising healthcare expenditure and the improving healthcare infrastructure in countries are contributing to the rapidly increasing demand for infant/neonatal airway management devices. Hospitals dominates the global airway management devices market during the forecast period Based on end-user the hospital segment accounted for the largest market share during the forecast period. The large share of this segment can be attributed to the increasing number of hospitals and economic & infrastructural development, especially in developing countries. Moreover, the increasing surgical procedures performed across emerging rooms where airway management devices are used also supports growth in the hospitals segment.

  6. Major players in airway devices management market include Medtronic (Ireland), ICU Medical, Inc. (US), Teleflex Incorporated (US), Ambu A/S (Denmark), ConvaTec Group Plc (UK)

  7. Company Insights Medtronic (Ireland) Medtronic (Ireland) is a leading player in the airway management devices market in 2022. The company’s products and therapies are used primarily by hospitals, physician offices, healthcare systems, ambulatory care centers, and other alternate-site healthcare providers. The company has a significant presence in more than 150 countries, which maintains its global market position. The company has also invested a significant amount of its revenue in R&D in bringing innovative products to this market space. In this regard, the company invested about USD 2.7 billion in R&D in 2022. Teleflex Incorporated (US) Teleflex Incorporated is an important player in the airway management devices market. Teleflex Incorporated primarily designs, develops, manufactures, and supplies single-use medical devices used by hospitals and healthcare providers. The company has a strong presence across 150 countries spanning North America, Europe, and the Asia Pacific. The company serves three end markets, namely, hospitals and healthcare providers, medical device manufacturers, and home care. In 2021, the company spent USD 130.8 Million on R&D. R&D initiatives of the company develop innovative and cost-effective products.

  8. Company Insights ICU Medical, Inc. (US) ICU Medical, Inc. is a leading player of the airway management devices market in 2022. The company invested USD 93.0 Million in R&D activities in 2022. A significant focus on R&D activities helps the company provide innovative products and maintain and improve its competitive position in the market. The company’s products are used across acute care hospitals, wholesalers, ambulatory clinics, and alternate site facilities. With its broad product portfolio, acquisitions, and wide geographic presence the company operates in more than 100 countries across US, Costa Rica, Mexico, and the Czech Republic. The company has created a strong foothold in the airway management devices market due to its diversified product portfolio and its focus on organic business strategies.

  9. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

  10. Contact Us Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com Press release: https://www.marketsandmarkets.com/PressReleases/airway-management-device.asp Research insights: https://www.marketsandmarkets.com/ResearchInsight/airway-management-device-market.asp

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