In 2016, the global market for airway management devices was worth USD 1.1 billion. It is projected to grow at 7.6% CAGR during the forecast period. This market is expected to have a significant impact due to the rising incidence of respiratory diseases. According to WHO estimates, 65 Million people have moderate-to-severe cases of COPD. COPD is also predicted to be the third leading cause for death in the world.
Market for airway management devices, product wise, 2014-2025 (USD million)
The market is likely to grow due to the increased prevalence of anesthesia and the increase in surgeries. Market growth is expected to be driven by the increasing demand for urgent treatment for long-term illnesses and protracted treatments for lung diseases in both children and adults.
The current situation will see increased awareness regarding the recognition of restricted ventilation and the development of advanced techniques for preoperatively airway evaluation. This will increase product penetration in the future. Preoperative Endoscopic Aesthetic Evaluation (PEAE), for example, aids in the identification and prediction of blocked ventilation. It also facilitates the formulation a plan to manage the situation efficiently. This plan focuses on the use advanced devices such as supraglottic.
The forecast period predicts that the supraglottic segment will grow at an exponential rate. These products are gaining popularity due to their many benefits. Patients and anesthesiologists alike prefer these devices for their ease of tracheal placement, which leads to increased patient safety.
Supraglottic products such as indirect video laryngoscopes are being increasingly used in a variety of clinical applications. They also eliminate the need to intubate the trachea, which is propelling this segment's growth.
Anesthesia accounted for the largest percentage of the 2016 application segment. This is due to the high adoption and preference of these devices by surgeons during surgical operative procedures. This is due to the high efficiency of airway clearance and proper ventilation, without compromising patient safety during operations.
This segment is also responsible for a growing number of product launches and strategic acquisitions by market leaders. Medtronic, a Scottish-based medical device manufacturer, acquired Aircraft Medical in November 2015. This acquisition was made to create handheld, inexpensive video laryngoscopes that could be used to assist critical care and intubation.
The high patient turnover, frequent readmissions and large number of procedures made hospitals dominate the segment in 2016. A supportive infrastructure allows for successful airway management procedures, which in turn results in a higher percentage. The significant share is also due to the increasing number of government initiatives that promote safety and reduce adverse events.
Organizations such as the American Society of Anesthesiologists have promoted awareness about the importance of these devices in difficult-airway management. This has increased their adoption rate at hospitals. ASA also developed clinical guidelines and strategies to improve ventilation and manage the difficult airway.
North America accounted for a significant share of the market for airway management devices in 2016. This segment is largely responsible for its high share due to supportive government initiatives and the substantial implementation of practice guidelines issued by healthcare organizations across the region. This region is home to many major respiratory diseases.
This region is expected to grow exponentially due to increased outsourcing of manufacturing to Asia Pacific countries such as India or China. High R&D investments by global players as well as the existence of unexplored opportunities within this region are high growth drivers.
By application, global market share for airway management devices in 2016,
Medtronic and Teleflex are key market players. These companies are pursuing new and innovative product development, collaboration strategies, mergers and acquisitions that will lead to significant growth.
Medtronic, a Scottish-based medical equipment company, acquired Aircraft Medical in November 2015. The acquisition was made to create handheld, inexpensive video laryngoscopes that could be used to assist anesthesiologists in intubating critically ill patients. Teleflex also entered into a collaboration agreement with HealthTrust in April 2016. This is a provider of healthcare and operations business. This acquisition was made to lower overall healthcare costs and improve patient outcomes.
This report provides a forecast of revenue growth as well as an analysis of market trends in each sub-market from 2014 to 2025. Grand View Research has divided the global market for airway management devices on the basis product, application, end-use, and location.
Product Outlook (Revenue USD Million, 2014-2025)
Supraglottic Devices
Oropharyngeal Devices
Naspharyngeal Devices
Laryngeal Airway Equipment
Other
Infraglottic Devices
Endotracheal Tubes
Tracheostomy Tubes
Other
Resuscitators
Laryngoscopes
Other
App Outlook (Revenue USD Million, 2014-2025)
Anesthesia
Emergency Medicine
Other
End-use Outlook (Revenue USD Million, 2014-2025)
Hospitals
Homecare
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
The Middle East and Africa
South Africa
b. Global airway management device market was valued at USD 1,380 millions in 2019, and is forecast to grow to USD 1,484million in 2020.
How is the market for airway management devices growing?b. Global airway management devices market will grow at 7.7% compound annual growth rate from 2019 to 2025, reaching USD 2,155.6 millions by 2025.
Which segment had the largest market share for airway management devices?b. With a market share of 39.84%, North America dominated in the airway management device market. This is due to supportive government initiatives, the substantial implementation of practice guidance and the high prevalence rate of major respiratory diseases.
What are the major players in the market for airway management devices?b. Medtronic, Teleflex and Medline Industries are some of the key players in the market for airway management devices.
What are the driving factors for the market for airway management devices?b. The market for airway management devices is growing due to the increasing prevalence of respiratory disease, the need for emergency treatment for long-term illnesses, and protracted treatments related to lung diseases.
Up Market Research published a new report titled “Airway Management Devices Market research report which is segmented by Application (Anesthesia, Emergency Medicine), by Product (Resuscitators, Supraglottic, Laryngoscopes, Infraglottic), By Players/Companies Smiths Medical, Teleflex, Ambu A/S, Medline Industries, Medtronic”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Airway Management Devices Market Research Report |
By Application | Anesthesia, Emergency Medicine |
By Product | Resuscitators, Supraglottic, Laryngoscopes, Infraglottic |
By Companies | Smiths Medical, Teleflex, Ambu A/S, Medline Industries, Medtronic |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 226 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Anesthesia, Emergency Medicine), by Product (Resuscitators, Supraglottic, Laryngoscopes, Infraglottic).
Airway Management Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Airway Management Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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