Global Airway Management Devices Market Size To Grow USD 3.5 Billion by 2032 | CAGR of 6.8%

Global Airway Management Devices Market To Grow USD 3.5 Billion by 2032

According to a research report published by Spherical Insights & Consulting the Global Airway Management Devices Market Size is to grow from USD 1.8 Billion in 2022 to USD 3.5 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.

Browse key industry insights spread across 200 pages with 130 Market data tables and figures & charts from the report on the "Global Airway Management Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Supraglottic, Infraglottic, Resuscitators, & Laryngoscopes), By Application (Anesthesia and Emergency Medicine), By End User (Hospitals & Ambulatory Surgical Centers, Homecare, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/airway-management-devices-market

An airway management device is a set of medical treatments used to keep patients' airways clear. This device keeps a channel open in patients, facilitating gas exchange between the lungs and the surrounding environment. In hospitals, anesthetic airways are administered to patients via devices such as oropharyngeal airways, nasopharyngeal airways, laryngeal mask airways, and tracheal incubation. These devices are used in a variety of settings, such as anesthesia, cardiopulmonary resuscitation, emergency medicine, neonatology, and many more. It is used in neonatology to treat babies' airways, and the increased occurrence of preterm birth may necessitate the usage of airway management. The evaluation, planning, and treatments necessary for the patient's breathing or ventilation to be maintained or restored are referred to as airway management.

The increased prevalence of respiratory illnesses is projected to be a significant driving factor in the market. The WHO estimates that 65 million people have moderate-to-severe COPD. Furthermore, COPD is anticipated to be the third leading cause of death globally. Furthermore, this high incidence, along with a rise in anesthetic use as procedures expand, is projected to stimulate demand for advanced equipment, favorably influencing the total market growth. The increasing need for emergency treatment for long-term diseases, as well as protracted therapy for lung ailments in children and adults, is expected to drive market growth. Furthermore, the global demand for effective respiratory treatment alternatives is growing. Airway control device intubation is frequently life-saving. Long-term use of these devices, on the other hand, may pose substantial risks and concerns, including regurgitation and aspiration of stomach contents, compression of vascular structures, trauma, and nerve injury. Although the likelihood of such outcomes, such as trauma and nerve damage, is extremely low, the use of some medical devices may offer significant risks.

Covid 19 Impacts

The unexpected increase in the number of individuals in need of medical treatment, the advent of the COVID-19 pandemic has placed enormous strain on healthcare systems throughout the world. Because the coronavirus is highly transmissible through contact with infected secretions such as respiratory droplets, saliva, and airborne particles, the high risk for anesthesiologists and other personnel involved in the management of patients' airways has created challenges for the airway management devices industry, despite the growing need for respiratory solutions.

The supraglottic segment is dominating the market with the largest market share over the forecast period.

The global airway management devices market is classified into supraglottic, supraglottic, resuscitators, and laryngoscopes. Throughout these segments, the supraglottic segment has the biggest revenue share over the predicted period. The rising demand for these commodities is assumed to be due to the associated benefits. The ease of tracheal installation is the most significant advantage, which translates into enhanced patient safety and is considered to influence patient and anesthesiologist preference for these devices. Furthermore, supraglottic devices, such as indirect video laryngoscopes, are rapidly being employed in a wide range of clinical applications, removing the need for tracheal intubation and boosting the market's growth.

The anesthesia segment is influencing the largest market share over the forecast period.

The worldwide airway management devices market is divided into two applications such as anesthesia and emergency medicine. The anesthetic section is the market leader among these segments. due to anesthesiologists' favor and usage of these devices in surgical operating procedures. The growing utilization is assumed to be attributable to superior efficiency in airway clearance and proper breathing without jeopardizing patient safety during operating operations. Furthermore, prominent market rivals' increasing usage of product launches and acquisition techniques is regarded to be responsible for this segment's increased market share.

The hospital segment is dominating the largest market share over the forecast period.

The worldwide airway management devices market is divided into various segments based on end-users such as hospitals and ambulatory surgery centers, home care, and others. Due to significant patient turnover, frequent readmissions, and massive procedure volumes, the hospital sector leads the market. Furthermore, supporting infrastructure allows for more efficient airway management operational activities, resulting in a higher percentage. Furthermore, rising government initiatives aimed at increasing safety and reducing negative events are significant contributions to the segment's substantial share.

North America dominated the market with the largest market revenue during the forecast period

North America will dominate the significant market growth during the forecast period due to supporting government initiatives and extensive application of practice recommendations produced by healthcare organizations in this area, which are some of the primary factors responsible for this segment's high share. The dominant percentage can also be attributed to the region's high prevalence of severe respiratory illnesses.

Asia Pacific is predicted to generate the highest revenue market growth throughout the forecast period during the forecast period, due to increased outsourcing of device manufacture to Asia Pacific nations such as India and China, this region is predicted to develop at an exponential rate over the forecast period. Furthermore, considerable R&D spending by global rivals, as well as the presence of untapped potential in this field, serve as important growth drivers.

Major vendors in Global Airway Management Devices Market include Boston Scientific Corporation, Coloplast Group, E.M.S., Lumenis Be Ltd, Olympus Corporation, Dornier MedTech., Richard Wolf GmbH, Siemens, Medtronic, Smiths Medical, Teleflex Incorporated, Ambu A/S, Verathon Inc., SourceMark, SunMed, KARL STORZ, Flexicare (Group) Limited, TRACOE Medical GmbH, Vyaire Medical, and others.

key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2022, Intersurgical Ltd announced the purchase of Pulmodyne, Inc., a U.S., and Malaysian-based manufacturer, which would improve the company's efforts to create high-quality novel airway and respiratory solutions for use in prehospital, emergency care, critical care, and at home. The acquisition will also allow Intersurgical to build a more comprehensive presence in the US market and increase sales of the Pulmodyne ranges through the extensive global Intersurgical Ltd network.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Airway Management Devices Market based on the below-mentioned segments:

Global Airway Management Devices Market, By Product

• Supraglottic
• Infraglottic
• Resuscitators
• Laryngoscopes

Global Airway Management Devices Market, By Application

• Anesthesia
• Emergency Medicine

Global Airway Management Devices Market, By End Users

• Hospitals & Ambulatory Surgical Centers
• Homecare
• Others

Airway Management Devices Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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