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The global airway management devices market size was valued at USD 1.96 billion in 2023. The market is projected to grow from USD 2.05 billion in 2024 to USD 2.94 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period.
Airway management devices such as bag-valve masks, endotracheal tubes, laryngoscopes, and others, are used to provide ventilation and restore the breathing of an individual suffering from airway obstruction. Patients suffering from diseases such as cancer, chronic obstructive pulmonary disease (COPD), chronic lung diseases, and others, can require effective airway management. Therefore, the growing prevalence of these chronic conditions has been fueling demand for airway management devices.
Furthermore, the growing prevalence of chronic diseases among the population has emphasized emergency and intensive care admission globally for better treatment of adverse conditions. Thus, the number of patients visiting hospitals in emergency care units has also increased in need for timely treatment.
Such an increase in emergency and inpatient admissions of chronic disorders led to a rise in surgical procedures across the globe, further boosting the demand and usage of airway management devices in healthcare centers. Also, the high use of airway devices with the increasing number of anaesthetic procedures for surgical interventions in patients globally is expected to drive the growth of the airway management devices market.
During the COVID-19 pandemic in 2020, the market experienced a decline in its growth due to the limited number of patients visiting hospitals and clinics. Moreover, the limited availability of resources due to lockdown restrictions also negatively impacted the market. However, the pending elective surgeries rebounded quickly after the initial COVID-19 shutdowns, and inpatient volumes increased across the globe. These led to the increased demand and usage of these devices in anaesthetic and surgical procedures, further propelling the market growth in 2021.
Adoption of Airway Management Devices has been Increasing Significantly Among Neonates
The number of premature births has been increasing significantly across the globe due to certain risk factors such as infections, changes in lifestyle activities, increasing stress in pregnant women, and others.
With the increasing number of preterm births, the incidence of breathing disorders in these births has also been rising significantly. This has been fueling the demand for airway management in neonates. Moreover, the primary key companies across the globe are introducing these devices with advanced technologies for pediatric patients suffering from breathing disorders, further driving the market growth.
Therefore, the rising incidence of pre-term births and respiratory disorders has been increasing the demand for airway management in neonates, fueling the market growth.
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Rising Number of Joint Ventures and Start-ups Among Industry Players to Fuel the Market Growth
The growing burden of respiratory disorders across the globe has been fueling the demand for airway medical devices. In order to fulfil this demand, market players have increased their focus on expanding their production capacity for the development and launch of new advanced products.
Furthermore, various players are adopting strategies like joint ventures and start-ups to develop novel devices with expansive product portfolios for patients suffering from breathing disorders. Also, the rising focus of key players on developing technologically advanced devices in airway management to introduce a range of suitable products for both adults and neonates will boost the market during the forecast period.
Therefore, such high investments by medical device manufacturers in R&D centers and for the production of devices are anticipated to fuel the introduction of advanced devices across various emerging nations, further propelling the airway management devices market growth.
Complications Associated With the Use of Airway Devices to Limit the Adoption
The demand for effective treatment options to treat respiratory disorders is increasing globally. Intubation using airway management devices is often a life-saving procedure. Still, long-term use of these devices may pose short or long-term severe risks and potential complications such as regurgitation and aspiration of gastric contents, compression of vascular structures, trauma, and nerve injury. The incidence of such complications, including trauma and nerve injury, is comparatively low, but using some medical devices may carry significant risks.
Laryngeal mask airway devices can also pose a few complications in pediatric patients, including soft-tissue trauma, vomiting, regurgitation, stridor, and airway restriction on misplacement of the device. Also, potential long-term complications of using laryngeal mask airway devices, including laryngospasm, and venous and capillary congestion, are rising across the globe.
Thus, the rising number of severe risks and complications reported in patients by use of these devices are expected to hamper their extensive adoption, further restraining the market growth.
Increasing Launch of Technologically Advanced Devices to Augment Segment Growth for Infraglottic Airway Management Devices
The airway management devices market is segmented by type into infraglottic airway management devices, supraglottic airway management devices, laryngoscopes, and others. Among types, the infraglottic airway management devices segment accounted for the largest market share in 2023. The dominance was attributed to the rise in the prevalence of chronic respiratory disorders globally and the rising adoption of these devices by healthcare providers in intensive care units and operating rooms for anaesthetic and emergency procedures.
Moreover, the increasing focus of several key players on introducing technologically advanced devices and adding new widgets to their existing airway management product portfolio to provide enhanced patient care is primarily contributing to the segment's growth.
On the other hand, the supraglottic airway management devices segment is expected to reach a comparatively higher CAGR during the forecast period. The segment's growth is attributed to increasing investments in production and the launch of single-use devices of airway management by key companies and high demand of these devices among healthcare professionals is likely contribute to the market growth in the region.
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Increasing Number of Anesthesia Procedures will Augment the Segment Growth
Based on application, the market is segmented into anesthesia, emergency medicine, and others.
By application, the anesthesia segment accounted for the highest airway management devices market share in 2023. Anesthesia is used during the surgical procedures to provide sedation. The increasing number of surgical procedures globally is responsible for the segment’s dominance.
On the other hand, the emergency medicine segment is projected to register a comparatively higher CAGR owing to its rising emergency visits in hospitals & ASCs across developed countries and increasing prevalence of trauma and accidental injuries among the population.
Surge in Surgical Procedures in Hospitals & ASCs to Propel Growth
Based on end user, the market is segmented into hospitals & ASCs, homecare, and others.
Hospitals & ASCs segment accounted for the highest market share in 2023. The highest share of the segment was attributed to the rising number of hospital visits, especially in emerging countries.
The homecare segment is expected to grow at a considerable CAGR during the forecast period. The growth is attributable to the rising number of the global geriatric population with chronic conditions across globe and high adoption of homecare settings amongst the geriatric population.
Rise in Introduction of Technologically Advanced Airway devices to Augment North America Market
Based on region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America Airway Management Devices Market Size, 2023 (USD Billion)
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The North American market was valued at USD 0.93 billion in 2023 and is anticipated to continue to dominate the global market during the forecast period. The rising R&D and introduction of new technologies in devices of airway management by key players to help aid in patient treatment is likely to drive the North America market growth. Moreover, increasing collaborations among manufacturing players and rising approvals of new airway devices with extensive presence across the region further boosted the North American market.
Europe is the second most dominated region in terms of revenue and market share. The European market held a significant share due to the increasing number of emergency hospital visits and inpatient admissions in hospitals owing to the high prevalence of chronic disorders among the population. Similarly, increased demand for these devices for the treatment of such a high number of disorders will further propel the market growth in Europe.
The market share in Asia Pacific region is driven by the rising prevalence of respiratory disorders amongst the Asia Pacific population, and the increasing demand for emergency care owing to high disease prevalence is anticipated for the region's growth at the highest CAGR.
On the other side, the Latin American market is likely to grow slower. The growth in the region is owing to rising anesthetic procedures amongst the population and high demand for devices of airway management across hospitals and homecare settings. The Middle East & Africa region is expected to grow at a moderate CAGR owing to the rising number of hospitals and homecare centers providing treatment in the region, creating demand for airway devices during the forecast period.
Robust Investments for New R&D Centers by Key Players to Propel Market Growth
The airway management devices industry is primarily dominated by manufacturers such as Smiths Medical (ICU Medical), Teleflex Incorporated, and other prominent players. The top market players are focusing on accelerating investments in medical device production centers and rising collaborations & acquisitions owing to the high demand for these devices across the globe. These factors are anticipated to augment the airway devices market growth.
Similarly, other prominent players in the market, including Ambu A/S, and Convatec plc, are continuously engaged in key developments, such as enhancing their distribution channel across the global market through strategic partnerships and extensive product approvals across the globe. Such initiatives by key players are projected to propel the global market and register growth by 2032.
Thus, such continuous engagement in the production of medical devices by several market players and a rising focus on enhancing their distribution channel across the global market through R&D investments in order to establish their footprints in emerging nations will further propel the market.
An Infographic Representation of Airway Management Devices Market
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The global airway management devices market report provides detailed market analysis and focuses on crucial aspects such as leading players, product types, and major indications of the product. Additionally, it offers insights into market trends, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. In addition to the factors mentioned above, the report includes the factors that have contributed to the market's growth in recent years with a regional analysis of different segments.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 4.6% from 2024-2032 |
Unit | Value (USD billion) |
Segmentation | By Type
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By Application
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By End User
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By Region
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Fortune Business Insights says that the global market size was USD 1.96 billion in 2023 and is projected to reach USD 2.94 billion by 2032.
Registering a CAGR of 4.6%, the market will exhibit steady growth in the forecast period (2024-2032).
By type, the infraglottic airway management devices segment is the leading segment and held the largest market share in 2023.
The rising prevalence of respiratory diseases and the increasing R&D for technologically advanced products across the globe are the key factors driving the market growth.
Medtronic, Teleflex Incorporated & Smiths Medical (ICU Medical) are major players in the global market.
Growing prevalence of chronic disorders and surge in number of anesthetic surgeries across globe are expected to drive the adoption of the airway devices.
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