Airway Management Devices Market Size, Share Report, Analysis, Trends, Growth, 2030

Airway Management Devices Industry Prospective:

The global airway management devices market size was evaluated at $10 billion in 2022 and is slated to hit $12 billion by the end of 2030 with a CAGR of nearly 3.9% between 2023 and 2030.

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Airway Management Devices Market: Overview

The assessment, planning, and slew of medical methods required for preserving and restoring ventilation of an individual’s room is termed airway management. Air can enter the lungs from either the nose or mouth through open airways and hence the use of airway management equipment is gaining prominence in hospitals, clinics, and surgical ambulatory centers. Lack of airway control in blood oxygen levels in individuals when reduced can prove to be fatal. Thus, in these conditions airway management devices are utilized. Moreover, the various kinds of medical equipment necessary for maintaining individual airway are nasopharyngeal airway (NPA), oropharyngeal airway (OPA), and endotracheal airway (ETA).

Key Insights

• As per the analysis shared by our research analyst, the global airway management devices market is projected to expand annually at the annual growth rate of around 3.9% over the forecast timespan (2023-2030)
• In terms of revenue, the global airway management devices market size was evaluated at nearly $10 billion in 2022 and is expected to reach $12 billion by 2030.
• The global airway management devices market is anticipated to grow rapidly over the forecast timeline owing to the rise in the occurrence of respiratory and chronic obstructive pulmonary disease.
• In terms of product, the supraglottic devices segment is slated to register the highest CAGR over the analysis period.
• Based on application, the anesthesia segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific airway management devices industry is projected to register the fastest CAGR during the assessment timeline.

Airway Management Devices Market: Growth Factors

Increase in incidences of chronic disorders will drive the global market expansion by 2030

Rise in the occurrence of respiratory and chronic obstructive pulmonary diseases is the key factor steering the expansion of the global airway management devices market. According to WHO, nearly more than 60 million persons across the globe are affected due to mild as well as chronic obstructive pulmonary disease. The escalating need for cutting-edge technologies has translated into a massive rise in performing surgeries along with using anesthesia, thereby driving the global market demand.

Apart from this, lung-related treatments are for an elongated period in the case of children and adults. Furthermore, a rise in the demand for emergency care during time of chronic diseases is likely to contribute majorly to the global market earnings. Notably, an increase in the elderly population prone to chronic respiratory diseases is likely to play a key role in increasing product penetration in the healthcare sector, thereby driving global market trends. New product launches will play a pivotal role in leveraging the growth of the global market. For instance, in the second quarter of 2021, Medtronic plc introduced SonarMed, an airway monitoring device, used for monitoring the cause of obstruction in endotracheal tubes. Such moves will expand the scope of the global market space in the upcoming years.

Airway Management Devices Market: Restraints

Low product penetration in developing regions can hinder global industry growth over 2023-2030

Less product acceptance in emerging economies owing to their high costs along with unfavorable healthcare insurance policies can impede the growth of the global airway management devices industry.

Airway Management Devices Market: Opportunities

Growing focus of players on research activities & product innovations can open new growth opportunities for the global market

With key players investing lucratively in the research & development activities pertaining to the manufacture of products with newly embedded features, the market for airway management devices is likely to expand by leaps & bounds in the years ahead.

Airway Management Devices Market: Challenges

Lack of availability of strong healthcare infrastructure in emerging economies can prove to the biggest challenge for the global industry

Improper healthcare facilities in developing as well as underdeveloped countries along with unmet medical needs of patients in these countries can create a big obstacle in the path of global airway management devices industry expansion.

Airway Management Devices Market: Segmentation

The global airway management devices market is sectored into product, application, and region.        

In product terms, the global airway management devices market is segregated into resuscitators, supraglottic devices, laryngoscopes, infraglottic devices, and others segments. Furthermore, the supraglottic devices segment, which gathered nearly three-fifths of the global market revenue share in 2022, is projected to register the highest CAGR in the upcoming years. The growth of the segment in the forecasting timespan can be owing to benefits offered by these devices including improved patient safety.

Based on the application, the global airway management devices industry is sectored into emergency medicine, anesthesia, and others segments. Moreover, the anesthesia segment, which garnered a huge chunk of the global industry share in 2022, is projected to lead the global industry over the analysis timeline. The segmental expansion over the assessment timespan can be subject to the growing demand for these airway management devices by anesthesiologists before surgeries.

Airway Management Devices Market: Report Scope

 Airway Management Devices Market: Regional Insights

North America is anticipated to retain dominant position in the global market over projected timespan

North America, which contributed about 39% of the global airway management devices market revenue in 2022, will be a dominating region over the projected timeline. Furthermore, the regional market growth can be due to the rise in the presence of giant firms in the U.S. and Canada. Furthermore, favorable government policies and funding of healthcare programs in the U.S. will steer the regional market growth.

Asia-Pacific airway management devices industry is set to register the fastest CAGR in the forthcoming years owing to a rise in the outsourcing of product manufacturing in countries such as China and India.

   Airway Management Devices Market: Competitive Space

The global airway management devices market profiles key players such as:

• Medtronic Plc.
• Cook Medical Inc.
• Teleflex Incorporated
• Smiths Group plc. Ambu A/S
• Intersurgical Ltd
• VBM Medizintechnik GmbH.
• SunMed
• Vyaire Medical Inc.
• Karl Storz SE & Co. KG

The global airway management devices market is segmented as follows:

By Product

• Supraglottic Devices
  • Oropharyngeal Devices
  • Nasopharyngeal Devices
  • Laryngeal Airway Devices
  • Others
• Infraglottic Devices
  • Endotracheal Tubes
  • Tracheostomy Tubes
  • Others
• Resuscitators
• Laryngoscopes
• Others

 By Application

• Anesthesia
• Emergency Medicine
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa