Airway Management Devices Market by Type (Supraglottic Device (LMA & Oropharyngeal Airway), Infraglottic Device (Tracheostomy Tube and ET Tube), Resuscitators, Laryngoscope), End User (OR & ICU), Patient Age (Adult and Pediatric) - Global Forecast to 2023
“The airway management devices market is projected to grow at a CAGR of 5.6%.”
The global airway management devices market is projected to reach USD 2.10 billion by 2023 from an estimated USD 1.60 billion in 2018, at a CAGR of 5.6% during the forecast period. Rising prevalence of chronic respiratory diseases, increasing demand for emergency care, and high incidence of preterm babies are driving the demand for airway management devices. However, harmful effects of certain devices on neonates and dearth of skilled professionals are posing a challenge for the growth of the market.
“In 2018, the infraglottic devices segment is expected to account for the largest share of the global airway management devices market.”
On the basis type of airway management devices, the market is segmented into supraglottic airway management devices, infraglottic airway management devices, resuscitators, laryngoscopes, and other airway management devices such as stylets, bronchial blocking tubes, lumen tubes, and suction devices. In 2018, the infraglottic devices segment is expected to account for the largest share of the global airway management devices market. The large share of this segment is attributed to the increased demand for endotracheal tubes and rising demand for emergency care.
“By end user, the operating rooms segment is expected to grow at the highest CAGR during the forecast period.”
On the basis of end user, the market is categorized into operating rooms, emergency care departments, intensive care units, and other end users such as paramedics, home care, ambulance services, and fire fighting groups. The operating rooms segment is expected to grow at the highest CAGR during the forecast period. Factors such as rising number of surgical procedures and growing chronic diseases are likely to drive the growth of the segment.
“Asia Pacific to witness the highest growth during the forecast period.”
Asia Pacific is expected to witness the highest growth during 2018 to 2023. This growth can be attributed to the rising geriatric population, supportive reimbursement policies in Japan, and the implementation of favorable government initiatives in the region.
Break of primary participants was as mentioned below:
By Company Type - Tier 1-54%, Tier 2-34% and Tier 3-12%
By Designation - C-level-31%, Director Level-19%, Others-50%
By Region - North America-46%, Europe-25%, Asia Pacific-18%, RoW-11%
The key players in the global airway management devices market are Medtronic (Ireland), Smiths Medical (US), Teleflex (US), Ambu (US), KARL STORZ (Germany), Flexicare (US), Verathon (US), Olympus (Japan), Intersurgical (UK), SunMed (US), Vyaire Medical (US), and VBM Medizintechnik (Germany).
The report analyzes the airway management devices market and aims at estimating the market size and future growth potential of this market based on various segments such as type, end user, patient age, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use one or any combination of the below mentioned five strategies.
This report provides insights into the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the airway management devices market. The report analyzes the market based on type, end user, patient age, and region
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the airway management devices market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various airway management devices across regions
Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in the airway management devices market
Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the airway management devices market
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