Emerging Trends: Airway Management Devices Market Scope by Demand, Trends to Expand Significantly by 2027

According to a study by Research Dive, the global Airway Management Devices Market forecast size is expected to reach $2,178.8 million by the end of 2026, registering a 7.4% CAGR over the forecast period.

Growing occurrence of chronic obstructive pulmonary disease (COPD), predominantly respiratory diseases, along with growing necessity for emergency care, will upsurge the global market. According to the data published by WHO in November 2016 the ‘Global Burden of Disease Study’, around 251 million cases of COPD were registered globally and main causes for their occurrences were long-term asthma, active smoking, and growing indoor air pollution. Moreover, chronic obstructive pulmonary disease incidences are anticipated to grow over the forecast period due to the rise in the aged population and growth in the people smoking globally.

Rising number of patients suffering with respiratory issues in ICU’s is further expected to drive the necessity for airway management devices over the forecast period. Patients needing anesthesia before the surgical procedures require constant use of ventilators; this is one of the key factors that is projected to drive the market growth in the recent years. Nevertheless, lack of skilled professionals and harmful effects of ventilator devices on pediatric patients will hamper the airway management devices market growth over the projected timeframe.

Infraglottic airway devices segment by type is expected to dominate global airway management devices industry accounting for 662.4 million in 2026, growing at a CAGR of 6.4%. The growth is majorly attributed to the growing demand of infraglottic devices in emergency care units along with growing number of aged population globally. In addition, rising consciousness of respiratory diseases is further expected to create lucrative growth opportunities for the manufacturers across the globe. Supraglottic airway management devices sub-segment is expected to register a lucrative growth over the forecast period registering a CAGR of 8.3% over the forecast period. This is majorly due to the high rate of success in interactive airway block cases coupled with less complications that are involved.

Operating rooms segment accounted for the highest airway management devices market share of 38.90% in 2018, valued at $478.8 million. This is majorly due to the substantial growth in the number of operating procedures along with rising incidences of chronic respiratory diseases. Moreover, health experts are following more effective safety procedures which is expected to drive the market over the projected period.

North America airway management devices market size was $504.6 million in 2018 and held the largest market share which was 41%. This region is further expected to continue its dominance over the forecast period due to increasing number of pediatric patients suffering from various lung diseases coupled with rising necessity of airway management devices. Asia-Pacific region is anticipated to register a substantial growth over the forecast period, growing at a CAGR of 7.8%, accounting for $359.5 million in the year 2026. This growth is majorly driven due to the growing adoption of airway management devices across the various developing nations in this region, such as India, China and South Korea.

The key players in airway management devices market are Smiths Medical, Intersurgical Ltd., Medtronic, Teleflex, SunMed, Ambu A/S, Flexicare Medical Limited, KARL STORZ SE & Co. KG, Vyaire Medical Inc. and VBM Medizintechnik. These key players are majorly concentrating on merger & acquisitions, partnerships, and new product development among others, to strengthen their presence across the globe. In October 2017, Smiths Medical announced the launch of three new devices for ambulatory infusion, airway management, and blood pressure monitoring. The airway management system namely “aerFree” is FDA cleared exterior negative air pressure support.

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

Growth Outlook: Healthcare Gamification Market Expand their Businesses with New Investments

Download FREE Sample The healthcare gamification market share is predicted to grow at a CAGR of 11.9% by generating a revenue of $47,281.5 Million by 2026. Gamification includes applying the techniques used in game, mechanics of game, and game style in non-gaming applications to engage the audience and make the dull task into more fun and engaging. Basically it is an application of elements in video games, which helps to solve the everyday problem and enables the user to change the behavior, develop skills and enable innovation in health care. The goal of the gamification is to change the behavior of the patient. The increase in the wearables and health & wellness app with gamification is the strong sign that the people are liking it. The increase in the usage of digitalization and the technology adoption are expected to drive the healthcare gamification market. Many companies are using the digital platform for the people to check their health data. For...

COVID-19 Impact: What Challenges Hand Sanitizer Market May See In Next 5 Years?

Inquire Here Before Purchase and Get FREE Sample The communal transmission of COVID-19 has created a significant impact on the hand sanitizer market growth, throughout the projected timeframe. The growth of the global hand sanitizer market is mainly driven by the rising concern about personal safety among the customers. Furthermore, the extensively growing prevalence of viral disorders globally is also creating a huge demand for hand sanitizers, in the review period. Though the businesses across the globe have strictly imposed lockdown in order to reduce the impact of the pandemic spread, the global hand sanitizer industry has shown exponential growth. The ventures involved with hand sanitizer production are adopting numerous strategic steps like product & technology advancements, strategic tie-ups. For example, in June 2020, Procter & Gamble (P&G), has made an announcement to launch of newly invented ‘safeguard sanitizer’. In addition, the enterpris...

What are the Left Atrial Appendage Closure Devices Market Key Insights and COVID-19 Business Impact?

Download FREE Sample Connect with Analyst The COVID-19 outbreak has significantly affected the global left atrial appendage closure devices market. As per American Heart Association, people having high blood pressure, heart valve disease and congenital heart diseases are expected to develop severe coronavirus symptoms. Also, this virus can generate heart strokes through weakening of muscles of the heart. These fators will boost the demand for left atrial appendage closure divices and surge the market growth during the pandemic. Furthermore, the leading manufactures in the global market are adopting various strategies such as product innovations and partnerships to increase their market share in the overall industry. For example, in July 2020, Boston Scientific Corporation announced that the “Watchman FLX left atrial appendage closure device” has been approved by U.S. Food and Drug Administration, which is used to minimize the threat of heart stroke in patients. The stroke r...

MyTrade-Insights

Search This Blog