Airway management devices are used for insertion and securing an endotracheal tube in the trachea to maintain a patient’s airway during general anesthesia or respiratory emergencies. These devices help facilitate oxygenation and prevent aspiration. Key products in this market include laryngeal mask airways, tracheostomy tubes, endotracheal tubes, and laryngoscopes. Laryngeal mask airways are used as an alternative to endotracheal intubation during surgical procedures. Tracheostomy tubes are inserted surgically through a hole in the windpipe to relieve upper airway obstruction and facilitate breathing. Endotracheal tubes are inserted through the mouth and intubate the trachea during procedures requiring mechanical ventilation or general anesthesia. Laryngoscopes are used for endotracheal intubation and allow visualization of the vocal cords and larynx during intubation or extubation.
The global Airway Management Devices Market is estimated to be valued at US$ 1949.53 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers boosting growth of the airway management devices market size is the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. These disorders impair airflow to the lungs, affecting successful intubation and airway management. According to the Global Burden of Disease Study, COPD affected around 174.5 million people in 2015, with burden expected to increase further. Similarly, asthma affected 339 million people worldwide in 2019 and caused 461,000 deaths. Growing emphasis on anesthesia safety and airway difficulties during intubation fuel demand for advanced airway management devices including video laryngoscopes, navigational bronchoscopy systems and supraglottic airways. New technologies featuring real-time monitoring capabilities aid easy placement of airway devices. Manufacturers are actively engaged in developing novel devices with improved patient outcomes. For instance, the i-gel consists of a non-inflatable cuff made of thermoplastic elastomer allowing blind intubation in emergency resuscitation.
Segment Analysis
The global airway management devices market is segmented on basis of product type, end-user and region. Based on product type, the market is segmented into laryngeal mask, tracheostomy tubes, endotracheal tubes, laryngoscopes, oral and nasopharyngeal airways and others. The endotracheal tubes segment dominates the market due to high number of surgical procedures where endotracheal intubation is required. Based on end-user, the market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment dominates the market as most of complex surgeries involving airway management are performed in hospitals.
PEST Analysis
Political: Regulations around patient safety and standards of care in intensive care units and operating rooms mandate the use of airway management devices.
Economic: Rising healthcare spending across developed and developing nations is positively impacting the market growth.
Social: Growing geriatric population and rise in chronic diseases requiring surgical interventions is driving the demand for airway management devices.
Technological: Development of single-use lightweight flexible video laryngoscopes and intubation tubes with monitoring capabilities is expanding the application areas.
Key Takeaways
The global airway management devices market is expected to witness high growth during the forecast period owing to rise in surgical procedures, increasing trauma and emergency cases and growing investments from market players. The global Airway Management Devices Market is estimated to be valued at US$ 1949.53 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030.
Regionally, North America dominated the market and is expected to continue its dominance in the coming years. Factors such as well-established healthcare infrastructure, high adoption rates of advanced devices and presence of major players in the region are expected to drive the North American market.
Some of the key players operating in the airway management devices market are Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Associated British Foods (ABF), Tate & Lyle, Agrana Beteiligungs AG, The Scoular Company, Grain Processing Corporation (GPC), Didion Milling. Geographical expansion and new product launches are the major business strategies adopted by these players. For instance, ADM is focusing on expanding its production capabilities in Southeast Asia and Latin America through acquisitions.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.