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Airway Management Devices Market Size
Airway Management Devices Market size is expected to grow at a robust pace during 2024-2032, driven by the increased demand for advanced healthcare solutions.
According to GOLD 2023 report, low and middle income nations contribute to 85% COPD cases worldwide. To create awareness about the chronic respiratory diseases, the first World COPD Day was held in 2022, and GOLD chooses the theme each year. With the rise in respiratory issues, the need for efficient airway management becomes paramount, driving the adoption of advanced devices. Additionally, the growing geriatric population, coupled with the escalating number of surgical procedures,.
Airway Management Devices Market Trends
Technological advancements and innovations in airway management devices is becoming prominent in recent years and are playing a pivotal role in attracting healthcare providers to adopt these state-of-the-art solutions. The convergence of these factors paints a promising picture for the market growth and underscores the significance of airway management devices in modern healthcare practices.
Airway Management Devices Market Analysis
The infraglottic airway management devices segment is poised to grow rapidly through 2032, owing to their effectiveness in critical situations. The devices, including endotracheal tubes, tracheostomy tubes, and supraglottic airway devices, provide versatility and adaptability, making them indispensable tools for healthcare professionals in emergency and surgical scenarios. As advancements in materials and design continue, this segment is poised for continuous growth, addressing the diverse needs of healthcare providers and patients alike.
The Intensive Care Units (ICUs) segment is set to grow rapidly till 2032, owing to technological integration, aging population, and rising awareness. The critical nature of patients in ICUs necessitates precise and efficient airway management, and healthcare providers are increasingly relying on advanced devices to meet these demands. The integration of cutting-edge technologies in airway management devices is particularly crucial in ICUs, where patients require constant monitoring and quick intervention. The focus on enhanced patient care outcomes will favor device adoption in ICUs.
North America airway management devices market is anticipated to grow at a decent pace till 2032, driven by the presence of a well-established healthcare infrastructure, high healthcare expenditure, and a proactive approach towards adopting advanced medical technologies. The United States contributes significantly to the growth, driven by a surge in chronic respiratory disease cases and an aging population. Additionally, favorable reimbursement policies and the continuous influx of investments in healthcare further augment the market dynamics in the region.
Airway Management Devices Market Share
Some of the prominent airway management devices industry players include:
- Flexicare
- Ambu
- Karl Storz
- Intersurgical
- SunMed
- Olympus
- Vyaire Medical
- Medtronic
- VBM Medizintechnik
- Teleflex
- Smiths Group
- Verathon (Roper Technologies)
These companies are implementing key initiatives like partnerships and expansions to strengthen their position in the marketplace.
Airway Management Devices Industry News
- In June 2023, Avanos Medical, Inc. officially confirmed its commitment to a definitive agreement for the divestiture of its Respiratory Health (RH) business to SunMed Group Holdings, LLC.
Intersurgical Ltd. showcased its extensive array of respiratory products at the Arab Health Exhibition & Congress, during 30 January to 2 February 2023 at the Dubai Convention and Exhibition Center. The company's product portfolio encompasses cutting-edge solutions tailored for applications in anesthesia, critical care.