According to the new research
report by Transparency Market Research, the global airway management devices
market was initially valued at US$832 mn back in 2017. The research report
expects the global market to exhibit a CAGR of 4.8% for the projection period
of 2018 to 2026. With this rate of growth, the valuation of the airway
management devices market is projected to elevate to US$1,266 mn by the
end of 2026.
A number of macro as well as
microeconomic factors are influencing the growth of the global airway
management devices market. One of the key growth factor for the development of
the market has been a stark growth in prevalence of chronic breathing and respiratory
diseases. In addition to this, substantial growth in the geriatric population
across the globe is also helping the development of the global airway
management devices market.
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Another important factor for
market growth has been the recent rise in expenditure for the development of
the healthcare infrastructure. This has led to healthcare service providers to
purchase advanced and high-tech devices including airway management devices.
Thus, the market has seen a positive growth because of this reason.
Supraglottic Device Segment to
Emerge as Most Popular Product Type
In terms of type of devices, the
global airway management devices market has been segmented into Supraglottic
Device, Infraglottic Device, Resuscitators, and Laryngoscope. Of these, the
segment of supraglottic devices is projected to witness a steady growth in the
coming few years.
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One of the key reasons behind the
growth of the segment is the start rise in the number of patients suffering
from chronic obstructive pulmonary disorder. Moreover, increasing cases of
respiratory dysfunction and fast developing medical technologies are also
expected to help in developing the market segment and ultimately the growth of
the market itself.
Based on the end-user
segmentation, the global airway management devices market is expected to be
dominated by the segment of operating rooms (OR). The segment is expected to
account for around 45.5% of the overall market share by the end of 2026. The
growth of the segment is driven by the increasing availability of high-end
devices and facilities in the operating rooms. Moreover, increasing number of
anesthesia induction procedures carried out in these ORs is also helping to
develop the segment further. This is ultimately expected to help the overall
development of the global airway management devices market.
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Asia Pacific to Witness 5%
CAGR in Coming Years of Forecast
In terms of geographical
segmentation, the global airway management devices market is divided into five
major regions viz. North America, Europe, Middle East and Africa, Asia Pacific,
and Latin America. The research report expects the global market to be
dominated by the regional segment of Asia Pacific for the given period of
forecast. The regional segment is expected to exhibit a CAGR of 5% for the
period of 2018 to 2026. The growth of the market is driven by factors such as
increasing patient pool, adoption of high-end technologies, and growing
expenditure on the development of healthcare infrastructure.
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