Airway Management Devices Market Outlook 2031
- The global airway management devices market was valued at US$ 1.1 Bn in 2021
- The global market is projected to expand at a CAGR of 7.7% from 2022 to 2031
- The global airway management devices market is anticipated to reach US$ 2.3 Bn by the end of 2031
Analysts’ Viewpoint on Airway Management Devices Market Scenario
The global airway management devices market is majorly driven by rise in prevalence of chronic respiratory diseases across the globe. Strategic acquisition & collaborative agreements between key players and small players in emerging markets such as India, increasing geriatric population, rising incidences of preterm births, and corresponding efforts to improve survival rates are contributing to the market growth. However, companies in the global airway management market should focus on developing cost-efficient devices for the patients. Moreover, as patient admissions to emergency care departments and ICUs increased due to the COVID-19 pandemic, healthcare centers have become cautious and are procuring respiratory devices to address demand during pandemic-like situations in the future.
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Overview of Airway Management Devices Market
According to the latest report published by Transparency Market Research, the global airway management devices market is projected to expand at a considerable growth rate from 2022 to 2031, due to rising prevalence of chronic respiratory diseases such as asthma and COPD globally.
Patients with severe respiratory infections or low oxygen saturation often require positive air pressure devices such as ventilators. Airway management equipment include airway management tubes (endotracheal tube), laryngoscope handle and blade, positive airway pressure devices, and various sized oropharyngeal airways. These devices are mainly used in operating rooms during surgeries. In addition, for better patient outcomes, leading players operating in the global airway management devices market are focusing on developing technologically advanced respiratory devices.
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Rise in Prevalence of Respiratory Diseases Globally to Fuel Airway Management Devices Market Growth
Increase in incidences of chronic respiratory diseases such as asthma, and chronic obstructive lung disease (COPD) is driving the demand for airway management devices. Chronic obstructive pulmonary diseases, bronchitis, and emphysema, lung cancer, neoplasms of the respiratory tract, etc., significantly affect airways and lung structures. The incidence of respiratory diseases is increasing due to environmental and lifestyle-related factors such as air pollution, smoking habits, sedentary lifestyles, and stress. Rise in the number of patients suffering from such diseases, and rapid introduction & availability of portable, cost-contained, and easy-to-use airway equipment for the treatment of such conditions drive demand for airway management devices. Airway stenting and airway clearance system are unique therapy systems that use airway management devices.
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According to the World Health Organization (WHO), in 2019, over 65 million people suffered from chronic obstructive pulmonary disease (COPD), and 3 million succumbed to it, making it the third-leading cause of death globally. Over 80% of these deaths occurred in low- and middle-income countries (LMIC). Over 262 million people suffer from asthma, the most common chronic pediatric disease that affects 14% of all children globally every year. In 2020, around 10 million people developed tuberculosis (TB) and 1.4 million lost their lives, making it the most common lethal infectious disease. Lung cancer accounts for 1.6 million deaths each year and is the most lethal form of cancer. Globally, 4 million people die prematurely from chronic respiratory disease. At least 2 billion people are exposed to indoor toxic smoke, 1 billion inhale outdoor pollutants in the air, and 1 billion are exposed to tobacco smoke.
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Increase in Adoption of Technologically Advanced Infraglottic Devices
In terms of product type, the global airway management devices has been classified into supraglottic device, infraglottic device, resuscitators, and laryngoscope. Infraglottic devices are expected to account for a dominant share of the global market in the upcoming years. Tracheostomy tubes and endotracheal Tubes (ETTS) are some of the popular infraglottic devices used by patients. Technological advancements in these devices and their increasing application during emergencies are major factors fueling the demand for infraglottic airway devices, particularly in developed regions such as Europe and North America.
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