According to a new research study by Global Insight Services (GIS), the airway management devices market is expected to grow rapidly over the next 10 years to reach a value of more than the US $3.1 billion by 2031.
Airway management devices are generally used for maintaining/restoring ventilation in a patient. It also comprises evaluating, planning, and using different medical procedures to treat patients with respiratory failures or acute obstruction. Moreover, it also protects the lungs from injury and provides gas exchange facilities to the patients. Some of the frequently used airway management devices to keep the upper airway open for offering unobstructed ventilation are supraglottic airway devices (SADs), Infraglottic airway devices, laryngoscopes, resuscitators, and cricothyrotomy kits.
Airway Management Devices Market: Key Drivers
Increasing demand for emergency and intensive care
Patients suffering from infectious, chronic, and cardiac conditions frequently undergo airway complications, which require immediate treatment. Likewise, road accident victims and people suffering from other trauma injuries may require immediate airway clearance to ensure their safety. Owing to the high number of such cases, the demand for airway management devices is increasing across the world. According to CDC, in 2014-2017, the emergency department (ED) visit rate for persons aged 60 and over was 43 visits per 100 persons aged 60 and over and increased with age, from 34 visits per 100 persons aged 6-69 to 86 visits per 100 persons aged 90 and over. About 30% of patients aged 60 and over who visited emergency departments arrived by ambulance, and this percentage increased with age.
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Growing demand for single-use airway management devices
Single-use medical devices are used over a large application area of the healthcare industry, comprising airway management. Single-use devices such as endotracheal tubes, tracheostomy tubes, laryngoscope blades, and resuscitators find extensive use across healthcare facilities that offer value-based care services and handle critical patients suffering from highly infectious diseases like H1N1 influenza or severe pneumonia. Adding to that, single-use devices offer various benefits over reusable devices—they are pre-sterilized and can be used directly, ensuring patient safety from healthcare-associated infections (HAI). Disposable devices do not require cleaning and decontamination, as these devices are pre-sterilized and disposed of after use. The time saved can be used for other priority responsibilities. Due to these benefits, the vendors are preferably focused on single-use airway management devices. Moreover, the COVID-19 pandemic has fueled the use of single-use airway management devices across healthcare facilities that seek to sustain guidelines to reduce widespread infection. COVID-19 patients requiring ventilation support are often intubated using single-use endotracheal tubes or tracheostomy tubes. The growing COVID-19 cases have raised the demand for single-use airway management devices across the globe.
The Infraglottic airway devices segment is likely to dominate the market with a CAGR of XX% during the forecast period.
Infraglottic devices like endotracheal tubes and tracheostomy tubes are used at the time of intubation for rescuing the airway and providing ventilation after connecting with external breathing assistance systems. Moreover, the rise in prevalence of chronic respiratory diseases, cardiovascular diseases, coupled with respiratory tract infections is increasing the incidence of acute respiratory failure, thereby driving the demand for intubation procedures and Infraglottic devices across the globe.
The anesthesia segment is likely to dominate the market with a constant rate of XX% during the projection period.
The key factors such as increasing growth in the number of surgical interventions across the globe, require the patients to be provided with anesthesia. Moreover, the increasing need for maintaining a safe breathing passage to lower the risk of anesthesia-related complications at the time of surgery is also driving the use of airway management devices during anesthesia procedures.
The hospital end-user segment is expected to dominate the market with a CAGR of XX% during the forecast period.
The key factors such as rising number of hospitals and infrastructural & economic development, especially in developing countries. Moreover, the rising surgical procedures performed-where airway management devices are used for ventilation, oxygenation, and the administration of anesthesia-also support high growth in the hospital’s segment.
The key players of global airway management devices market are Medtronic plc, Smiths Medical, Teleflex Inc., Ambu A/S, Convatec Group plc, KARL STORZ, Flexicare, Intersurgical Ltd., SunMed LLC, Vyaire Medical, VBM Medizintechnik, Verathon, SourceMark, Mercury Enterprises, TRACOE medical and Olympus Corp. among others.