The global airway management devices market is projected to grow at a CAGR of 5.8% during the forecast period. The key aspects to drive the growth of the global airway management devices industry include the rising prevalence of chronic respiratory diseases, rising demand for emergency care, and an increase in the number of grants by the government bodies for the improvement of emergency care infrastructure. As per the World Health Organization (WHO), about 235 million people have asthma-related diseases across the globe. Further, according to the estimation of the WHO, approximately 15 million preterm infants are born each year (before 37 completed weeks of gestation) that is more than 1 out of 10 babies and this number is increasing per year. In across 184 nations, preterm birth rates range from 5% to 18% of infants born. 

High incidence of preterm birth is one of the key factors creating the demand for the airway management devices for the treatment of pre-term-born infants, thereby driving the growth of the global airway management devices market. However, factors such as the high cost of treatment, adverse and critical effects of certain devices on infants, and the lack of skilled professionals are the key factors that may hamper the growth of the market. The ongoing technological advancement to produce more efficient airway management devices is anticipated to offer considerable opportunities for the growth of the global airway management devices market. 

Segmental Outlook  

The global airway management devices market is segmented based on type and end-user. Based on type, the market is segmented into the supraglottic airway management device, infraglottic airway management devices, resuscitators, and laryngoscopes. Supraglottic airway management devices are anticipated to hold a considerable market share during the forecast period. Higher usage of these devices in the ventilation of upper airways in the patient during anesthesia or other related conditions is a major factor to promote the growth of this market segment. Laryngeal mask airways (LMA) are mostly preferred types of supraglottic devices owing to their easy handling. However, the laryngoscopes segment is anticipated to exhibit considerable market owing to its improved success rate and cost-effectiveness. 

Hospitals will be the largest segment by End-User

Based on end-user, the market is segmented into hospitals and clinics, and home care. Hospital is forecast to be a considerable segment in the end-user market. Medical devices in hospitals and clinics need a higher lifecycle, better efficiency, and can be used for multiple patients. Homecare devices include which are used by the patients for individual use in homes. The device requirements are portable, lightweight, and easy to use. The home care segment is forecast to be the fastest-growing segment due to the rising trend of point of care devices. 

Global Airway Management Devices Market Share by End-User, 2019 (%)

Regional Outlook 

The global airway management devices market is further segmented based on geography including North America, Europe, Asia-Pacific, and Rest of the World. North America is anticipated to have a considerable market share in the market owing to the high awareness among people related to the available devices, insurance coverage of diseases, new product approval, and rising geriatric population in the region. Besides, the presence of major market players in the US including Smiths Medical, Teleflex Inc., Ambu A/S, and SunMed among others further supports the growth of the market in the region. The US is the major contributor to the market, across the globe. The market of North America is further sub-segmented into the US and Canada. Europe is followed by North America, and the Asia-Pacific is expected to be the fastest-growing market during the forecast period.

Global Airway Management Devices Market Growth, by Region 2020-2026

Asia-Pacific will augment with the fastest rate in the Airway Management Devices market 

Asia-Pacific is expected to be the fastest-growing region mainly due to the rising prevalence of respiratory diseases such as asthma, COPD in emerging economies such as India and China. Also, increasing the geriatric population especially in Japan which is mainly susceptible to respiratory diseases is another major factor to promote market growth. According to the World Bank, out of the total 126 million population, about 27% population of the country is above 65 years in 2017.  Moreover, the developing healthcare infrastructure and rising government support for the treatment of several chronic diseases in the emerging countries of the region are further propelling the growth of the airway management device market in the region.  

Market Players Outlook

Major drug manufacturers in the market are Medtronic Plc, Smiths Medical Group, Ltd., Teleflex Inc., Ambu A/S, SunMed, Verathon Inc., Vyaire Medical, Inc., Mercury Medical, Olympus Corp., P3 Medical Ltd., Pulmodyne, Inc., Shenzhen HugeMed Medical Technical Development Co., Ltd., and many others. The market players are adopting the strategy of the merger, acquisition, product launch, and expansion of their manufacturing facilities to increase their market share. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global airway management devices market. 
• Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.