Airway Management Devices Market Expected to Reach $4.2 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Airway Management Devices Market," The airway management devices market was valued at $2 billion in 2021, and is estimated to reach $4.2 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

The airway management devices market is expected to grow during the forecast period due to the increase in the prevalence of chronic respiratory disorders among individuals. The geriatric population is projected to increase globally during the forecast period, which is predicted to support the growth of the airway management devices market size. Furthermore, airway difficulties are commonly seen in patients with infectious, long-term, or cardiac disorders. Similarly, those who have suffered trauma from a vehicle accident or other trauma may need airway management devices for their safety. The prevalence of these situations is driving up demand for airway management devices market share around the globe. In addition, the increase in the incidence of respiratory disorders is projected to act as the major driver for the airway management device market. The benefits of airway management devices, such as their high effectiveness in airway clearance and the preservation of optimum ventilation and patient safety during surgical procedures, are all factors driving the market expansion.

Procedures such as tracheostomy, cricothyrotomy, and endotracheal intubation all require highly qualified anesthetists and nurses. A lack of knowledge regarding the airway management device can worsen patient's condition, prolong the healing process, and raise direct and indirect costs. In an emergency, patient's mortality, deformity, or injury-related dysfunction may arise from the improper identification and treatment of significant injuries. The lack of anesthetists and paramedics has become a major restraint for the market in countries around the world. All types of treatments have been delayed due to the shortage of airway management devices, which has a direct influence on the effectiveness of healthcare facilities to deliver surgical and emergency care.

Airway control is just one of the several healthcare applications for single-use medical equipment. Endotracheal tubes, tracheostomy tubes, laryngoscope blades, and resuscitators are a few examples of single-use medical equipment that is widely used in healthcare facilities that provide value-based care services and treat critically ill patients with highly contagious illnesses such as H1N1 influenza or severe pneumonia. In addition, single-use devices have various advantages over reusable ones because they are already sanitized and ready for use, protecting patients from infections linked to healthcare-associated infections (HAI). Furthermore, in order to comply with regulations intended to stop the infection from spreading, healthcare facilities are increasingly using single-use airway management devices. Patients with COVID-19 who require breathing support are frequently intubated using tracheostomy tubes or single-use endotracheal tubes. The market for single-use airway management devices has expanded significantly as a result of the rising COVID-19 incidence. These factors are anticipated to boost the airway management devices market growth in the upcoming years.

The airway management device market share is segmented based on device type, patient age, end user, and region. By device type, it is classified into infraglottic devices, supraglottic devices, laryngoscopes, resuscitators, and others. By patient age, it is divided into adult patients and pediatric patients. By end user, it is classified into hospitals, ambulatory care, home care, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the airway management devices market report include Medtronic, Smiths Medical, Inc., Teleflex Incorporated., KARL STORZ SE & Co. KG, Ambu A/S., Flexicare (Group) Limited, Intersurgical Ltd, SunMed, VYAIRE MEDICAL, INC., and Vbm Medizintechnik.

The report offers a comprehensive analysis of the global airway management devices market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of COVID-19 on the Global Airway Management Devices Industry

• Patient admissions to emergency rooms and intensive care units have increased as a result of the COVID-19 pandemic. Patients with severe infections typically have low oxygen saturation or respiratory failure, necessitating the use of positive air pressure equipment such as ventilators. Airway management tools, especially single-use tools were majorly in demand during the COVID-19 pandemic.
• The number of patients requiring invasive airway management techniques for intubation has increased as a result of the possibility of virus particle aerosolization during non-invasive procedures. The demand for single-use devices has increased due to the significant risk involved in providing airway management care to COVID-19 patients and other patients in healthcare settings.
• The necessity to prevent the spread of COVID-19 and the scarcity of available beds has caused the overall number of surgical procedures to decrease. Medical procedures and elective surgeries have also been subject to restrictions and outright bans by governments.

Key Findings of the Study

• Based on device type, the infraglottic devices sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period.
• Based on patient age, the adult patients sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth in the upcoming years.
• Based on end user, the hospitals sub-segment emerged as the global leader in 2021 and is expected to witness the fastest growth in the upcoming years.
• Based on region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.