Global Airway Management Devices Market Size study, by Type (Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Others), By End-User (Operating Rooms, Emergency Care Departments, Intensive Care Units, Others), by Patient Age (Adult Patients, Pediatric Patients/Neonates) and Regional Forecasts 2019-2026
21 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Airway Management Devices Market is valued approximately USD 1.52 billion in 2018 and is anticipated to grow with a growth rate of more than 5.48% over the forecast period 2019-2026. Airway management device is a type of device that can be used in the medication or treatment of respiratory diseases that cause airway obstruction in prematurely born infants and babies. It is mainly used to avoid and relieve airway obstruction and make sure of proper exchange of gas between patient’s lungs and atmosphere. These devices have a wide variety of applications such as emergency, operating rooms, out-of-hospital care and pre-hospital settings. Further, airway associated complications are very common in any surgical interventions of obstetric, neck, trauma, cervical spine, cardiovascular, bariatric, orthopedics and several other surgeries. Rising prevalence of chronic respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD), growing investment & funding by the government bodies for enhancing emergency care infrastructure and high incidence of premature births are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to World Health Organization (WHO), the Global Burden of Disease Study reports revealed that, the prevalence of COPD was around 251 million across the globe in 2016. Also, it is estimated that 3.17 million deaths worldwide were caused by this disease in 2015, that is 5% of all deaths globally. Since the prevalence of respiratory diseases such as COPD is on surging trend thereby, the need for airway management devices has also increased due to it helps in medication of this disease, and even helps in the prevention of respiratory diseases therefore, augmenting the growth of the market across the globe. Moreover, rapid innovations and presence of favorable reimbursement policies along with rising mergers & acquisitions between key manufacturers are the major factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, lack of awareness regarding medical condition and procedures and harmful effects of certain devices on neonates are few factor anticipated to restraining the growth of global airway management devices market during the forecast period.
The regional analysis of global Airway Management Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid technological advancements along with increasing prevalence of respiratory diseases in this region, which create demand for Airway Management Devices. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as an increase in production of these devices in India and China coupled with high R&D investment by the global manufacturers that would create lucrative growth opportunities for the airway management devices market across Asia-Pacific region.
Major market player included in this report are:
Smith’s Medical (A Division of Smiths Group PLC)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Infraglottic Airway Management Devices
Supraglottic Airway Management Devices
Emergency Care Departments
Intensive Care Units,
By Patient Age:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Airway Management Devices Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Smith’s Medical (A Division of Smiths Group PLC)