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The airway management devices market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of 4%, as per The Business Research Company’s market report!

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The Airway Management Devices Market Size In 2022 And Forecast

The global airway management devices market is expected to grow from $2.19 billion in 2021 to $2.36 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The airway management devices market is expected to grow to $2.76 billion in 2026 at a CAGR of 4.0%.

The market for airway management devices consists of sales of airway management devices and related services.

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The Increasing Prevalence Of Respiratory Diseases Is Driving The Growth Of The Airway Management Devices Market

According to the publication of United for Lung Health in 2019, a forum of international respiratory societies, chronic obstructive pulmonary disease (COPD) is the third leading cause of death with an average of 384 million people suffering from COPD each year. Lung cancer was the deadliest cancer with 1.76 million deaths annually across the world. Moreover, 10 million people develop tuberculosis and 334 million people suffer from asthma every year. This scenario drives the growth of the airway management devices market.

Competitive Landscape And The Regional Analysis Of The Airway Management Devices Market

Major players in the airway management devices market are Medtronic, Smiths Medical (A Division of Smiths Group PLC), Teleflex, Ambu, Karl Storz, Flexicare, Intersurgical, Carefusion, Mercury Medical, and Well Lead Medical Co Ltd

The Airway Management Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the airway management devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the airway management devices market.

Launch Of New Products– A Key Trend In The Airway Management Devices Market

The launch of innovative airway management devices is shaping the airway management devices market.

Airway Management Devices Market Segmentation By The Business Research Company

1) By Type: Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Other Devices

2) By End Use: Hospital, Homecare

3) By Application: Anesthesia, Emergency Medicine, Other Applications

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