Fior Markets launched a study titled “Global Airway Management Device Market by Type (Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Other), Application, Region, Forecast 2018-2025.
The global airway management device market is expected to grow from USD 1.82 Billion in 2017 to USD 2.93 Billion by 2025 at a CAGR of 6.37% during the forecast period from 2018-2025. The key contributing factors for the market growth are rising incidences of chronic respiratory diseases, increase in surgeries with increase in usage of anaesthesia and growing incidences of protracted treatments and preterm babies.
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Infraglottic devices based segment is anticipated to grow with the highest CAGR of 8.65% in the forecast period
Type segment includes supraglottic airway management devices, infraglottic airway management devices, resuscitators, laryngoscopes, and other airway management devices. Infraglottic devices based segment is anticipated to grow with the highest CAGR over the forecast period. The highest growth this segment is attributed to the rising awareness related to recognition and introduction of advanced techniques for pre-operative airway evaluation are widening the scope and penetration of the segment in coming years.
Anaesthesia segment is dominating and expected to grow with the highest CAGR of 9.31% in the forecast period
Application segment is divided into anaesthesia and emergency based medicines. Anaesthesia segment is dominating and expected to grow with the highest CAGR of 9.31% in the forecast period. The segment is playing a chief role in shaping the business growth over the forecast period due to increased number of surgical procedures.
Operating room segment held the largest market share of around 34.89% in 2017
End user segment is divided into segments such as operating rooms, emergency care departments, intensive care units, and other end users. The operating rooms segment held the largest market share of around 34.89% in 2017. Rising geriatric population and associated diseases which require surgical interventions are driving the growth of the operating rooms segment. In addition to this, government initiatives facilitating safety and reducing adverse events are major contributing factors.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated the global airway management device market and is expected to grow with the highest CAGR of 8.62% in the forecast period. Rising prevalence of chronic respiratory diseases, increase in emergency department visits, rising geriatric population and the subsequent increase in the prevalence of associated disease are some of the factors that led to the growth of market in this region.
The major players of market include Smiths Group, Teleflex, Medtronic, Karl Storz, Ambu, Flexicare, VBM Medizintechnik, Sunmed, Vyaire Medical, Olympus, Intersurgical, Verathon, Medline Industries, and others.
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