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What is the Anticipated CAGR of the Airway Management Devices Market, and What Factors Will Drive It?

In recent times, there has been a steady increase in the size of the airway management devices market. It is anticipated to expand from $2.55 billion in 2024 to a value of $2.61 billion in 2025, growing at a compound annual growth rate (CAGR) of 2.4%. The growth experienced during the historic phase can be credited to several factors. These include the rise in chronic respiratory diseases, the increasing geriatric populace, the burgeoning demand for minimally invasive surgical procedures, and a heightened awareness surrounding the significance of airway management.

The size of the market for airway management devices is anticipated to exhibit substantial growth in the coming years, reaching $3.48 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%. The projected growth during the forecast period can be ascribed to factors such as the elderly population, workplace health and safety, anesthesia procedures, telemedicine, and distant care. Within the forecast period, key trends are expected to be improvement of video and imaging, integration with telehealth, customization and 3D printing of devices, and the use of airway management algorithms.

Which Factors Are Enhancing the Growth of the Airway Management Devices Market?

The rise in respiratory ailments is anticipated to fuel the need for airway management devices in the market over the projection period. These devices are utilized in challenging emergency scenarios to manage airway during medical procedures. For example, the UK Health Security Agency, a government organization based in the UK, reported in June 2024 that the estimated admissions due to confirmed influenza cases in England amounted to 49,300 between the 40th week of 2022 and the 15th week of 2023. This is in contrast to an estimated 8,400 cases reported in England during 2021-2022. Hence, the escalating incidences of respiratory conditions are contributing to the expansion of the airway management devices market.

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Who Are the Top Companies Contributing to the Growth of the Airway Management Devices Market?

Major companies operating in the airway management devices market include Medtronic PLC, Smiths Medical Inc., Teleflex Incorporated, Ambu A/S, KARL STORZ SE & Co. KG, Flexicare Medical Limited, Intersurgical Ltd., Becton Dickinson and Company, Mercury Medical, Well Lead Medical Co. Ltd., Unomedical Inc., SunMed LLC, Tuoren Medical Device India Pvt. Ltd., Medline Industries Inc., Armstrong Medical Limited, Zhejiang Sujia Medical Device Co.Ltd., Vyaire Medical Inc., Salter Labs Inc., Cook Medical Inc., Olympus Corporation, General Electric Company, ICU Medical Inc., ConvaTec Group Plc, VBM Medizintechnik GmbH, Boston Scientific Corporation, Fujifilm Holdings Corporation, Hoya Corporation, Richard Wolf GmbH, Stryker Corporation, Terumo Corporation, Verathon Inc., Vitalograph Ltd., Westmed Inc., Xiamen Compower Medical Tech Co. Ltd.

What New and Evolving Trends Are Having a Lasting Impact on the Airway Management Devices Market?

Major firms that are active in the airway management devices industry are creating sophisticated technological devices, such as medical instruments, to improve patient care, increase airway accessibility, and ensure the safety of intubation procedures in assorted clinical environments. Medical devices are tools, equipment, machines, or implants that are used in the health sector to detect, prevent, supervise, treat, or mitigate illnesses or medical issues. For example, in March 2023, BHV Partners, an investment firm stationed in the United States, unveiled Conus Airway, a new venture specializing in medical devices. This firm is committed to crafting innovative health devices aimed at augmenting anesthesia and surgical operations related to the respiratory system. By prioritizing advanced technology and modern design, Conus Airway looks forward to enhancing patient results and simplifying processes in clinical scenarios. The new venture strives to combat specific hurdles in airway management, eventually contributing to more secure and efficient healthcare services for both patients and healthcare practitioners.

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Which Industry Segments Are Leading the Development and Expansion of the Airway Management Devices Market?

The airway management devices market covered in this report is segmented –

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

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

3) By End Use: Hospital, Homecare

Subsegments:

1) By Infraglottic Airway Management Devices: Endotracheal Tubes, Tracheostomy Tubes, Cuffed Tubes

2) By Supraglottic Airway Management Devices: Laryngeal Mask Airways (LMA), Supraglottic Airway Devices, Oropharyngeal Airways

3) By Resuscitators: Bag-Valve Masks (BVM), Manual Resuscitators, Neonatal Resuscitators

4) By Laryngoscopes: Direct Laryngoscopes, Video Laryngoscopes, Fiberoptic Laryngoscopes

5) By Other Devices: Airway Accessories, Airway Pressure Monitoring Devices, Airway Management Suction Devices

What Are the Key Regions Powering Growth in the Airway Management Devices Market?

The countries covered in the airway management devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

How Is the Airway Management Devices Market Defined Across Different Regions?

Airway management devices are medical techniques and tools for preserving or reestablishing a secure, reliable channel for ventilation and oxygenation. Airway management devices are used to prevent and relieve airway obstruction to ensure the proper exchange of air between the patient’s lungs and atmosphere.

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