Over the course of the projected period, market expansion is anticipated to be fueled by the leading players’ increased adoption of inorganic growth tactics including collaborations and agreements. For instance, in July 2022, a U.S.-based medical equipment firm named Securisyn Medical LLC and a company that manufactures medical devices called SunMed, LLC, entered into a strategic manufacturing and distribution collaboration for the global distribution of new airway securement devices.
The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 epidemic and lockdowns in numerous nations throughout the world. Due in large part to the stringent lockdown in place following the COVID-19 outbreak, the healthcare industry’s entire supply chain has been affected. One area where the COVID-19 epidemic has had a big influence is private healthcare.
The global COVID-19 epidemic has boosted the demand for airway management devices, therefore major market players are concentrating on technological developments in these devices, which are anticipated to offer the industry a profitable growth opportunity. For instance, in May 2021, Medtronic plc announced SonarMed airway monitoring device, a first of its kind for paediatric patients in the United States. The gadget is made to provide physicians with access to crucial information needed to make more educated medical decisions. It uses acoustic technology to detect ETT (endotracheal tube) obstructions and verify positions in real-time.
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The Eunice Kennedy National Institute of Child Health and Human Development announced the Phase II award of its Phase I/II Fast-Track Small Business Innovation Research (SBIR) grant in July 2021. Securisyn Medical LLC is a developer of novel breathing and smooth tube and catheter securement technologies that aim to improve patient outcomes (NICHD).
Additionally, throughout the projection period, it is anticipated that the prevalence of chronic respiratory diseases would rise among the world’s population, fueling the market for airway management devices. For instance, according to a WHO data, asthma killed 455,000 people globally in 2019 and impacted 262 million people. Additionally, 1.3 million visits and 439,000 hospital admissions for asthma were reported in the United States in 2019.
The rising technological improvement in airway management devices is predicted to cause the market for these devices to grow at a CAGR of 6.8% over the course of the forecast period. For instance, VYAIRE MEDICAL, INC., a manufacturer of medical equipment, declared in October 2021 that the introduction of the innovative airway technology known as the new SuperNO2VA Et mask had improved the safety of surgical sedation.
Single use airway management devices are expected to hold the largest market share in the global market for airway management devices over the course of the forecast period due to their numerous advantages, including the complete elimination of cross contamination risk, ergonomics, long ventilations that require less energy due to the lightweight design, quick recoil time, quick ventilation, low valve resistance, and many more. Thus, it is predicted that the segment would rise throughout the projection period due to the various advantages of single use airway management devices.
Medtronic PLC, ICU Medical, Inc., Viggo Medical Devices, Teleflex Incorporated, Olympus America, Polymedicure, Ambu A/S, Verathon Inc., SourceMark, SunMed, KARL STORZ, Flexicare (Group) Limited, and others are significant market participants in the airway management devices industry.
The Study Objectives are:
✔️ A comprehensive insight into key players operating in the Airway Management Devices Market and their corresponding data.
✔️ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔️ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔️ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔️ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
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Reasons to buy this Airway Management Devices Market Report:
✅️ It attempts an analysis of the competing scenario.
✅️ The current and exceptional product revenue market.
✅️ An in-depth data on the regional investigation and competitive landscape structure.
✅️ It benefits in creating an awareness of the important key product segments.
✅️ The marketing strategies, opportunities, and development factors are explained.
✅️ Airway Management Devices market size estimation and recent advancements in the industry are explained.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Airway Management Devices Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Airway Management Devices Industry Impact
Chapter 2 Global Airway Management Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Airway Management Devices (Volume and Value) by Type
2.3 Global Airway Management Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Airway Management Devices Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Airway Management Devices Market Analysis
Chapter 6 East Asia Airway Management Devices Market Analysis
Chapter 7 Europe Airway Management Devices Market Analysis
Chapter 8 South Asia Airway Management Devices Market Analysis
Chapter 9 Southeast Asia Airway Management Devices Market Analysis
Chapter 10 Middle East Airway Management Devices Market Analysis
Chapter 11 Africa Airway Management Devices Market Analysis
Chapter 12 Oceania Airway Management Devices Market Analysis
Chapter 13 South America Airway Management Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Airway Management Devices Business
Chapter 15 Global Airway Management Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
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