Airway Management Devices Market is expected to surpass US$ 2.2 billion by 2033
The Airway Management Devices Market is anticipated to be valued at US$ 1.6 billion in 2023, with total revenue recording a 3.6% CAGR from 2023 to 2033, reaching US$ 2.2 billion.
The airway management devices market
was valued at US$ 1.5 billion in 2022, with a 3.2% CAGR expected throughout the
projected period. The global market's absolute dollar growth is US$ 668.5
million.
The rising frequency of respiratory
disorders is expected to be one of the market's key driving forces. The WHO
estimates that 65 million people have moderate-to-severe COPD. Furthermore,
COPD is expected to be the third biggest cause of death globally.
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This high incidence, combined with an increase in anaesthetic consumption as a result of many surgeries, is likely to drive demand for advanced equipment, positively impacting the overall market growth. The growing demand for emergency treatment for long-term illnesses, as well as long-term therapy for lung disorders in children and adults, is also anticipated to fuel market expansion.
In the current scenario, growing
awareness of inadequate ventilation and the introduction of relatively advanced
procedures for preoperative airway examination are projected to broaden the
possibility for product penetration in the future years. Preoperative
Endoscopic Airway Evaluation (PEAE), for example, aids in the identification
and prediction of blocked ventilation, as well as the design of an effective
management strategy that focuses on the use of advanced equipment like
supraglottic airway.
Key Takeaways
- The market is estimated to drive due to increased
demand for emergency and intensive care.
- The rise in the prevalence of respiratory diseases is
likely to drive the growth of the market for airway management devices.
- The airway management devices market is expected to be
worth US$ 1.6 billion in 2023.
- Airway management devices market is forecasted to register
a 3.6% CAGR from 2023 to 2033.
- North America is likely to dominate the market for
airway management devices market.
Recent Developments:
- Verathon Inc. introduced the GlideScope Core 15 airway
visualisation system in January 2020, which employs a 15-inch
high-definition touchscreen monitor to provide improved visibility.
- In January 2020, Smiths Medical, Inc. announced the
expansion of its Portex Tracheostomy Tubes and Kits line by releasing a
PVC-based tracheostomy tube range. The portfolio includes BLUperc,
BLUselect tracheostomy tubes, and BLUgriggs percutaneous tracheostomy kits
and trays.
- Olympus Corporation, a global technology leader in
inventing and delivering new solutions for surgical and medical
procedures, among other core activities, announced the release of two
video rhino-laryngoscopes in September 2019. It is proposed that the
ENF-VH2/V4 be specially constructed for laryngological tests.
- In September 2018, Royal Philips announced the
development of a resuscitation device in conjunction with the Consortium
for Affordable Medical Technologies (CAMTech) to aid in the reduction of
infant mortality.
- In January 2019, Oventus Medical, a medical device
business, unveiled O2 Vent Optima, a new product. It is used to treat
obstructive sleep apnea. It is based on the airway technology developed by
Oventus Medical. It keeps the airway from contracting and allows for
unrestricted airflow from the tongue, soft palate, and nose. It is
suitable for usage with or without continuous positive airway pressure.
Key participants in the global
market include:
- Medtronic Plc
- Teleflex Incorporated
- Ambu A/S
- Smith’s Group plc.
- Intersurgical Ltd.
- Cook Medical Inc.
- SunMed
- Vyaire Medical Inc
- VBM Medizintechnik GmbH
- Karl Storz SE & Co. KG
- Cook Gas LLC
- Flexicare (Group) Limited
- BVLM Pty Ltd
- Boston Medical Products Inc. (BESS GROUP)
- Salter Labs
Airway Management Devices Market Key
Segments
By Product Type:
- Laryngeal Masks
- Tracheostomy Tubes
- Endotravheal Tubes
- EndoBronhial Tubes
- Nasal Airway Tubes
- Oral Airway Tubes.
By Usage Type:
- Single Use/ Disposable
- Reusable
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
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