Airway Management Device Market Poised to Reach USD2.3 Billion by 2031, Growing at 7.7% CAGR | Transparency Market Research

WILMINGTON, DE / ACCESSWIRE / May 25, 2023 / Transparency Market Research Inc. - The global market for airway management devices will reach USD 1.1 billion by 2021. Airway management devices are expected to reach a market value of USD 2.3 billion by 2031.

An artificial airway is used to maintain a patent airway for a variety of patients. An artificial airway allows for mechanical ventilation, relieves obstruction, facilitates suction in the lower respiratory tract, and/or prevents aspiration. Laryngectomy tubes, endotracheal tubes, and tracheotomies are artificial airways

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Protection of the airways and ensuring gas exchange requires the use of equipment that is safe, effective, and reliable. As chronic obstructive pulmonary disease (COPD), cystic fibrosis, and bronchiectasis become increasingly common, the market is expected to expand substantially.

Airway clearance devices have become increasingly popular with this rise in respiratory conditions. According to the Global Burden of Disease Study, respiratory diseases contributed to 10.8% of all deaths worldwide in 2018. According to the WHO, approximately 384 million individuals was reportedly affected by COPD by 2021. With respiratory conditions on the rise, airway clearance devices are set to become more popular.

Key Findings of the Market Report

• Demand for infraglottic devices will grow in coming years as the launch of technologically advanced devices increases.
• Several companies are launching single-use devices for airway management, and the devices may be in high demand among healthcare professionals, which could boost the market in the region.
• Changing climate and increasing chronic disease rates in kids will increase demand for airway management devices.
• Government initiatives aimed at improving safety and reducing adverse effects contribute significantly to market share.
• Compact innovative devices and cost-effective product launches are expected to drive the market.

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Global Airway Management Device Market: Growth Drivers

• With respiratory conditions becoming more prevalent and patients becoming more aware of them, the market for airway management devices is expected to grow significantly. Increasing innovations and unique product launches are contributing to the growth of the market in terms of demand.
• The use of airway management devices has revolutionized the way anesthesia is administered and has provided doctors with alternative approaches to difficult airway scenarios. Growing demand for compact and portable airway management devices is generating growth in the market.
• With diagnosis rates rising, and personalized care becoming more important, the demand for airway clearance devices has grown. Using airway clearance devices that are user-friendly, ergonomic, and compatible with home care can help businesses meet the demands of a growing patient population.
• Businesses that provide respiratory care to those with respiratory conditions can make a significant difference in their quality of life and their health outcomes. Increasing preterm birth incidence and technological advances are expected to drive demand for airway management devices.

Global Airway Management Device: Regional Landscape

• The United Kingdom has seen an enormous increase in demand for these devices due to growing awareness of these conditions and the need for effective airway clearance therapies.
• High respiratory disease prevalence, increased awareness about airway clearance devices, and supportive legislation all contribute to this trend in the United States.
• A 2018 survey by the American Lung Association estimates that approximately 9 million adults in the United States suffer from chronic bronchitis. It is estimated that around 2 million adults are affected by emphysema in the same way. Additionally, reimbursement frameworks and policies are in support of airway clearance devices in the treatment of cystic fibrosis.
• As geriatric populations increase and intensive care units expand in the Asia Pacific region, airway management devices will also become more prevalent.
• As disposable incomes rise and healthcare infrastructures expand, developing nations like India and China are experiencing rapid market growth.

Global Airway Management Device Market: Key Players

Globally, the airway management device market is highly concentrated, with a few large companies holding the lion's share of market shares. The global market is dominated by companies such as GE Healthcare, Smiths Medical, Koninklijke Philips N.V, Medtronic plc, Olympus Corporation, and Karl Storz GmbH & Co. KG. Players are launching new products, getting approvals for new products, signing agreements, forming partnerships, and buying each other.

• In March 2023, Conus Airway launched a device that improves anesthesia and surgery in the respiratory tract. Anesthesia and surgery of the respiratory tract will be improved through the launch of BHV Partners' new company, Conus Airway. Devices will be developed using technology created by Carlos Gutierrez, MD, head of Valencia's University and Polytechnic La Fe Hospital's thoracic surgery division for pediatric patients.
• In May 2023, Glidewell will introduce the flexTAP® mandibular advancement device (MAD). The appliance helps solve the problem of snoring and moderate to severe obstructive sleep apnea while allowing the user to sleep soundly at night. A Glidewell sleep appliance, TAP®, is an extension of the company's popular sleep appliance line.

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Global Airway Management Device Market: Segmentation

Product Type

• Supraglottic Device
• Infraglottic Device
• Resuscitators
• Laryngoscope

Patient Age

• Adult
• Pediatric

End-user

• Operating Room (OR)
• Intensive Care Unit (ICU)
• Others

Regions

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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