Global Airway Management Devices Market Is Estimated To Witness High Growth Owing To Increasing Demand for Advanced Airway Management Techniques.
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Airway Management Devices Market |
The
global Airway Management Devices Market is estimated to be valued at US$
1,825.4 million in 2022 and is expected to exhibit a CAGR of 6.8% over the
forecast period 2022-2030, as highlighted in a new report published by Coherent
Market Insights.
Market Overview:
Airway management devices are medical devices used to secure a patient's airway
during surgical procedures or in emergency situations. These devices play a
crucial role in ensuring the adequate flow of oxygen to the lungs and removing
carbon dioxide from the body. They are essential equipment for healthcare
professionals in various specialties such as anesthesiology, emergency
medicine, and intensive care.
The key advantages of airway management devices include improved patient
safety, effective ventilation, better control of airway obstruction, and
reduced risk of complications during procedures. These devices are designed to
provide ease of use, reliability, and optimal patient comfort.
Market Key Trends:
One key trend in the Airway
Management Devices Market is the increasing adoption of video
laryngoscopes. Video laryngoscopes are devices that provide a clear view of the
patient's airway during intubation procedures. They consist of a camera and a
digital display, which allows healthcare professionals to visualize the
placement of the endotracheal tube more accurately.
The use of video laryngoscopes offers several advantages over traditional
direct laryngoscopy, such as improved visualization of the vocal cords, reduced
intubation time, and higher success rates in challenging airway situations. For
example, the Teleflex LMA CTrach™ video laryngoscope provides real-time video
and imaging capabilities, allowing for precise intubation guidance.
PEST Analysis:
Political: The regulatory landscape plays a crucial role in the airway
management devices market. Government agencies enforce strict regulations and
standards to ensure the safety and effectiveness of these devices.
Economic: The increasing prevalence of respiratory diseases and the growing
geriatric population contribute to the demand for airway management devices.
These factors drive market growth and create lucrative opportunities for key
players.
Social: Increasing awareness about the importance of airway management
techniques in emergency situations and the rising demand for minimally invasive
procedures propel market growth.
Technological: Technological advancements in airway management devices, such as
the integration of video imaging systems and the development of disposable
devices, enhance their usability and efficiency.
Key Takeaways:
- The global Airway
Management Devices Market is expected to witness high growth,
exhibiting a CAGR of 6.8% over the forecast period. This growth can be
attributed to the increasing demand for advanced airway management techniques
and the rising prevalence of respiratory diseases.
- North America is anticipated to dominate the airway management devices market
due to the presence of well-established healthcare infrastructure, high
healthcare expenditure, and technological advancements.
- Key players operating in the global airway management devices market include
Medtronic PLC, ICU Medical, Inc., Viggo Medical Devices, Teleflex Incorporated,
Olympus America, Polymedicure, Ambu A/S, Verathon Inc., SourceMark, SunMed, KARL
STORZ, Flexicare (Group) Limited, and Vyaire Medical.
In conclusion, the global airway management devices market is set to experience
significant growth in the coming years. Increasing demand for advanced airway
management techniques, technological advancements, and a rising prevalence of
respiratory diseases are the major factors driving this growth. Key players in
this market are continuously innovating to improve patient outcomes and enhance
the efficiency of these devices.
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