Airway Management Devices Market Report, Size 2021: Global Industry Analysis by Trends, Top Companies, Emerging Growth Factors and Regional Forecast to 2027

 

A comprehensive overview of the Airway Management Devices market is recently added by UnivDatos Market Insights to its humongous database. The Airway Management Devices market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Airway Management Devices market. The Airway Management Devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Airway Management Devices market at the global and regional levels. The Global Airway Management Devices Market is expected to grow at a CAGR of X% from 2021-2027 to reach USD X million by 2027.

Market Overview

The demand for Airway Management Devices is increasing on account of the growing incidence of Asthma and COPD cases, rise in the aging population, upsurge in the prevalence of tobac-co smoking, increase in urbanization and pollution, increase in the preterm birth cases, and lifestyle changes. In addition to the abovementioned factors, increase in initiatives taken by the government across the globe in mitigating respiratory ailments is serving as a huge opportunity for airway management devices manufacturing companies.

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The pharmaceutical companies are focusing more on manufacturing advance devices, which is expected to augment the market growth in coming years. For instance, In September 2020, VBM Medizintechnik GmbH (Germany) announced to receive 510(k) clearance from US FDA for ScalpelCric kit. The kit is indicated to be used for performing cricothyrotomy procedures using the scalpel technique, as per the recommendation from Difficult Airway Society (DAS) 2015 guidelines. Also, In August 2020, Verathon launched the GlideScope Video Baton QC Large, which is a video laryngoscope used with GlideScope Core airway management devices.

COVID-19 Impact

Ongoing spread of COVID-19 affect positively on healthcare industry. In order to achieve effective management of COVID-19, government and health authorities focused on utilization on advanced respiratory devices. This factor played major role in the growth of airway management devices market. The COVID-19 pandemic has resulted in an increased patient admissions to emergency care departments and ICUs. Patients with severe infections face respiratory failure or low oxygen saturation and are often requiring positive air pressure devices such as ventilators. This resulted in high demand for airway management devices, especially single-use devices. The number of patients requiring intubation through invasive airway management procedures has grown, as non-invasive procedures involve the risk of aerosolization of viral particles. The infected population requires medical supplies and the increase in demand of the medical devices for management of the disease is growing drastically. Respiratory support devices such as life-support machine, oxygen generator, atomizer, and monitor are among the majorly used medical equipment in primary clinical treatment. The manufacturers of these products have greater opportunity to capitalize this amplified demand of medical supplies to guarantee adequate and continuous supply of personal protective equipment in the airway management devices market.

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Global Airway Management Devices Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into

·       Infraglottic Airway Management Devices

·       Supraglottic Airway Management Devices

·       Laryngoscopes

·       Resuscitators

·       Others

Amongst all the products, the infraglottic airway management devices segment dominated the global Airway Management Devices market and will row at X% CAGR to reach USD X million by the year 2027 on the back of surging demand for positive air pressure ventilation among the patients facing respiratory failure is driving the demand for intubation.

By End-user, the market is primarily segmented into

·       Hospitals

·       Ambulatory Care Settings

·       Home Care Settings

·       Others

Amongst end-user types, the hospitals segment accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027 owing to growing rising number of hospitals and infrastructural & economic development, especially in emerging countries.

Airway Management Devices Market Geographical Segmentation Includes:

·       North America (United States, Canada and Rest of North America)

·       Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

·       Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)

·       Rest of the World

Based on the estimation, the North America region dominated the Airway Management Devices market with almost USD X million revenue in 2020. At the same time, the Asia-Pacific region is expected to grow remarkably with a CAGR of X% over the forecast period. Asia Pacific is becoming a medical tourism hub and is considered one of the fastest-growing markets for medical procedures and devices. Low infrastructure and treatment costs and the availability of highly educated physicians have driven medical tourists to APAC countries, particularly to India, Malaysia, and China. Furthermore, high R&D investment by the global players and the presence of unexplored opportunities in this region serve as high growth rendering drivers.  

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The major players targeting the market includes

·       Medtronic plc

·       Smiths Medical (Smiths Group Plc)

·       Teleflex Inc

·       Ambu A/S

·       Convatec Group

·       Karl Storz Se & Co. Kg

·       Flexicare

·       Intersurgical

·       Sunmed

·       Vyaire Medical Inc.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Airway Management Devices market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Airway Management Devices market?

• Which factors are influencing the Airway Management Devices market over the forecast period?

• What are the global challenges, threats, and risks in the Airway Management Devices market?

• Which factors are propelling and restraining the Airway Management Devices market?

• What are the demanding global regions of the Airway Management Devices market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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