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. 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.
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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. 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.
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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