Airway Management Devices Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Airway Management Devices market in 2021?

The global airway management devices market size in 2021 was valued at USD 1.5 billion, with a Compound Annual Growth Rate (CAGR) of 6.8% from 2021 to 2028. This growth can be attributed to an increasing prevalence of respiratory diseases and a rise in the number of surgical procedures worldwide. The market is expected to continue growing steadily over the forecast period, reaching USD 2.3 billion by 2028.

COVID-19 Impact on the Airway Management Devices Market

The COVID-19 pandemic has had a significant impact on the airway management devices market. With the surge in COVID-19 cases worldwide, there has been an increased demand for ventilators and other respiratory support devices to treat critically ill patients. This has led to a rise in the adoption of airway management devices to ensure proper airway control and ventilation for patients suffering from severe respiratory distress. The market has witnessed a spike in demand for endotracheal tubes, laryngeal masks, and other airway management devices during the pandemic.

Airway Management Devices Dynamics

The airway management devices market is driven by factors such as the increasing prevalence of chronic respiratory diseases, the rising number of surgical procedures, and technological advancements in airway management devices. Additionally, the growing geriatric population and the increasing focus on improving patient outcomes have contributed to the market's growth. However, challenges such as the high cost of advanced airway management devices and the lack of skilled healthcare professionals may hinder market growth to some extent.

Segments and Related Analysis

The airway management devices market can be segmented based on product type, end-user, and region. Product types include endotracheal tubes, laryngeal masks, supraglottic airway devices, tracheostomy tubes, and others. End-users of airway management devices include hospitals, ambulatory surgical centers, and clinics. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

- North America: The North American airway management devices market accounted for the largest share in 2021, driven by the presence of well-established healthcare infrastructure and high healthcare expenditure. - Europe: The European market is poised to witness significant growth due to the increasing prevalence of respiratory diseases and the adoption of advanced airway management technologies. - Asia Pacific: The APAC region is expected to experience rapid market growth, fueled by the rising awareness about respiratory health and the improving healthcare facilities in countries like China and India. - Latin America: The Latin American market is projected to grow steadily, supported by the expanding healthcare sector and the increasing demand for better airway management devices. - Middle East & Africa: The MEA market is anticipated to show notable growth, driven by investments in healthcare infrastructure and the growing prevalence of respiratory disorders.

Key Market Players and Competitive Landscape

Some of the key players in the airway management devices market include Smiths Medical, Medtronic plc, Ambu A/S, Teleflex Incorporated, Vyaire Medical, Inc., and others. These companies focus on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position. The market is highly competitive, with several players vying for market share through new product launches and technological advancements.

Recent Happenings in the Airway Management Devices Market

- In January 2022, Smiths Medical launched its new range of LTS-D™ Disposable Laryngeal Tubes for airway management in hospitals and emergency settings. - In March 2022, Medtronic announced the acquisition of Venn Health Partners, a company specializing in remote monitoring and management solutions for ventilated patients, to enhance its airway management offerings. - In April 2022, Ambu A/S introduced its new single-use flexible optical scope for difficult airway management, providing healthcare professionals with a more efficient and cost-effective solution. - In May 2022, Teleflex Incorporated partnered with a leading medical technology company to develop a novel airway management device that aims to improve patient outcomes and simplify airway procedures.