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)
- Karl Storz
- Vyaire Medical
- Salter Labs
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
- By End-User:
- Operating Rooms
- Emergency Care Departments
- Intensive Care Units,
By Patient Age:
- Adult Patients
- Pediatric Patients/Neonates
- North America
- Asia Pacific
- Latin America
- 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
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers