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Airway Management Devices Market Shows Expected Growth from 2022 to 2028 With Upcoming Trends, Analysis by Manufacturers

08-13-2024 02:44 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Airway Management Devices Market is expected to reach US$ 3,100.64 million by 2028 from US$ 1,944.88 million in 2021; it is estimated to grow at a CAGR of 6.9% from 2022 to 2028.

Factors such as rising prevalence of respiratory disorders, growing geriatric population, and increasing product launches by key players are contributing to the growth of the airway management devices market. However, frequent product recalls are hampering the growth of the airway management devices market.

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Analysis of the Top Market Players:

1. Teleflex Incorporated
2. Smiths Medical
3. Medtronic
4. Intersurgical Ltd
5. Ambu A/S
6. Medline Industries, Inc.
7. Koninklijke Philips N.V.
8. Armstrong Medical
9. Mercury Medical
10. Cook Medical LLC

In this report, the market has been segmented on the basis of:

Product
• Infraglottic Devices (Endotracheal Tubes, Tracheostomy Tubes, and Others)
• Supraglottic Devices
• Resuscitators
• Laryngoscopes

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Chronic respiratory diseases are among the most prevalent noncommunicable diseases worldwide due to the increase in the noxious environment and occupational and behavioral inhalation. This spectrum of diseases includes chronic obstructive pulmonary disease (COPD), asthma, interstitial lung disease, pulmonary sarcoidosis, and pneumoconiosis (such as silicosis and asbestosis). According to the World Health Organization (WHO), COPD is the third leading cause of death globally. In 2019, ~3.23 million people died globally due to COPD. As per the Office of Disease Prevention and Health Promotion, ~14.8 million adults in the US were diagnosed with COPD in 2020. The National Health Service stated that ~1.17 million people in the UK were diagnosed with COPD in 2021, i.e., ~1.9% of the total population.

As per the WHO report, asthma affected 262 million people globally and caused 455,000 deaths in 2019. Moreover, in 2019, asthma resulted in 439,000 hospitalizations and an estimated 1.3 million visits in the US. The rising prevalence of respiratory disorders is driving the airway management devices market. Additionally, there is a constant surge in the number of hospitals, ambulatory surgical centers, intensive care units, and clinics, creating demand for airway management devices.

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