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Friday, September 22, 2023

Global Airway Management Device Market is anticipated to grow at a CAGR of 6.7% during 2024 to 2030

The future of the global airway mangement device market looks promising with opportunities in the hospital, ambulatory care setting, and home care setting markets. The global airway mangement device market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic respiratory diseases, rising number of pre-term births, and increasing demand for these devices to maintain oxygen level in blood.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the airway mangement device market by product (imfraglottic devices, supraglottic devices, laryngoscopes, resuscitators, cricothyrotomy kits, and others), patient age (adult patients and pediatric patients/neonates), application (anesthesia, emergency medicine, and others), end use industry (hospitals, ambulatory care settings, home care settings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, imfraglottic device, supraglottic device, laryngoscope, resuscitator, and cricothyrotomy kit are the major segments of airway mangement device market by product. Lucintel forecasts that infraglottic is expected to witness highest growth over the forecast period due to its growing usage in the treatment of various cardiovascular disorders, chronic respiratory diseases, and respiratory tract infections.Within this market, hospital will remain the largest segment due to growing number of surgical procedures performed during any surgery and presence of supportive infrastructure enables successful airway management based operations.

North America is expected to witness highest growth over the forecast period due to existence of well-established healthcare system, rise in the incidence of chronic respiratory illnesses, and presence of key players in the region.

Medtronic, ICU Medical, Teleflex, Ambu A/S, Convatec, Sunmed, And Vyaire Medical are the major suppliers in the airway mangement device market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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