Albany NY, United States: The global airway management devices market was valued at US$ 1.1 Bn in 2021 and is projected to expand at a CAGR of 7.7% from 2022 to 2031.
Albany NY, United States: The global airway management devices market was valued at US$ 1.1 Bn in 2021 and is projected to expand at a CAGR of 7.7% from 2022 to 2031.
Airway management equipment comprise devices that are used in the treatment of respiratory diseases that cause airway obstruction. The development of various supraglottic airway devices for use in critical care units and operating rooms in hospitals has benefitted clinicians by introducing more flexibility in treatment in accordance with changes in patient conditions, thereby leading to a decline in the cost of drugs.
Rise in prevalence of chronic respiratory diseases, surge in geriatric population, and increase in healthcare expenditure on airway management equipment that are utilized in different medical emergencies are expected to boost the growth of the global market during the forecast period. Moreover, rapid innovation and favorable reimbursement policies drive the global airway management devices market.
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Key Takeaways
- In terms of product type, the infraglottic device segment accounted for around 40% share of the global market in 2021
- Based on patient age, the adult segment held nearly 85% share of the global market in 2021
- In term of end-user, the operating room (OR) segment is expected to account for around 45% share of the global market by 2031. The segment is likely to expand at a high CAGR during the forecast period.
- North America accounted for around 40% share of the global market in 2021. The market in the region is projected to grow at a rapid pace during the forecast period.
- Asia Pacific held nearly 25% share of the global airway management devices market in 2021. The region includes well-developed countries such as Japan, and high economic growth countries such as China and India. Increase in healthcare expenditure by governments and investments by market players are projected to drive the market in the region during the forecast period.
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Competitive Landscape Outlook
The global airway management devices market is consolidated, with the presence of a small number of leading players. Key players operating in the global market include GE Healthcare, Medtronic plc, Koninklijke Philips N.V, Olympus Corporation, Smiths Medical, Karl Storz GmbH & Co. KG, Medline Industries, Inc., and Ambu A/S.
Airway Management Devices Market: Key Developments
- In October 2018, Ambu A/S launched two new endoscopes in the market for ear, nose, and throat (ENT) procedures. The two types of single-use ENT scopes are Ambu aScope 4 RhinoLaryngo Intervention for specialty procedures and Ambu aScope 4 RhinoLaryngo Slim for routine inspections.
- In June 2021, Teleflex Incorporated announced it has completed the previously announced divestiture of a significant portion of its respiratory business to Medline Industries, Inc. for US$ 286 Mn. The divested Teleflex respiratory product lines comprise Hudson RCI products for oxygen and aerosol therapy, active humidification, non-invasive ventilation, and incentive spirometers, all of which generated US$ 139 Mn in revenue in 2020. In 2021, the divested respiratory product lines were expected to contribute net revenue equal to last year’s US$ 139 Mn.
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Global Airway Management Devices Market: Segmentation
Global Airway Management Devices Market, by Product Type
- Supraglottic Device
- Infraglottic Device
- Resuscitators
- Laryngoscope
Global Airway Management Devices Market, by Patient Age
- Adult
- Pediatric
Global Airway Management Devices Market, by End-user
- Operating Room (OR)
- Intensive Care Unit (ICU)
- Others
Global Airway Management Devices Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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