The Global Airway Management Devices Market is Forecast to Reach US$1.5 Billion by 2024

Increasing Number of Surgical Procedures & Technological Innovations Drive the Global Airway Management Devices Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Airway Management Devices market. The global Airway Management Devices market is forecast to reach US$1.5 billion by 2024, driven by increasing number of surgical procedures, and rising incidence of respiratory diseases, such as COPD.

The global airway management devices market continues to witness steady growth, driven by the increasing number of surgical procedures, and the growing usage of anesthesia during surgeries. Another factor facilitating growth is the increasing incidence of the respiratory diseases, such as COPD. Aging global population, rising incidence of chronic respiratory diseases, and rise in the number of patients who can afford advanced medication are the other factors driving growth. The use of advanced devices, such as supraglottic airway in preoperative airway evaluation, is expected to increase the demand for airway management devices.  

Resuscitators represent the largest segment of the market. The critical role of resuscitators played in cardiopulmonary resuscitation as a first line of treatment for patients with cardiopulmonary arrest is also one of the growth propellers. Other factor driving growth includes technological advancements, portability, and lower costs. Supraglottic devices, including Laryngeal Mask Airways (LMAs), are expected to grow at the fastest CAGR of 6.3% during the analysis period. The devices are increasingly preferred by anaesthesiologists and patients for its ease in tracheal placement, ensuring improved patient safety. An important trend driving the LMA market is the increased demand for the device in the pediatric segment due to the varied sizes offered for different age groups, ranging from premature infants to adults.

As stated by the new market research report on Airway Management Devices, the U.S. and Europe are the major regions for airway management devices. The US market is largely driven by high incidence of major respiratory diseases, supportive government measures, and strict implementation of clinical guidelines for airway management and proper ventilation. Other factors projected to accelerate growth include increasing number of surgical procedures, high adoption rate of airway management devices, and affordable healthcare. Outside the US and Europe, the market for airway management device remains virtually untapped. Low penetration rates in the Asian and Latin American countries uncover vast opportunities for manufacturers of advanced systems, such as laryngeal mask airway.

Major players in the market include Ambu A/S, Armstrong Medical Ltd., Becton, Dickinson and Company, C. R. Bard Inc., ConvaTec, GE Healthcare, Intersurgical Ltd., KARL STORZ GmbH & Co. KG, Medtronic Plc., Smiths Medical Inc., Teleflex Inc., and Verathon, Inc., among others.

The research report titled “Airway Management Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players. Major geographic regions covered include the US, Canada, Japan, Europe, Asia Pacific, The Middle East & Africa, and Latin America. Key segments analyzed include Infraglottic Devices, Resuscitators, Supraglottic Devices, and Other Airway Management Devices Market.

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