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The airway management devices market size was valued at USD 1.81 billion in 2021 and is projected to grow from USD 1.89 billion in 2022 to USD 2.55 billion by 2029, exhibiting a CAGR of 4.4% during 2022-2029. North America dominated the global market with a share of 48.06% in 2021.
The global COVID-19 pandemic has been unprecedented and staggering, with airway management devices experiencing lower than anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the market exhibited a decline of 7.2% in 2020 as compared to 2019.
The prevalence of chronic diseases such as chronic obstructive pulmonary disease (COPD), cancer, chronic lung diseases, and others is rising due to increased physiological risk factors amongst the population, such as changes in lifestyle, physical inactivity, poor nutrition, and habitual factors such as tobacco and excessive alcohol use. Moreover, the mortality rate among the patient population globally is increasing due to these diseases and other chronic conditions.
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 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 anesthetic procedures for surgical interventions in patients globally is expected to drive the airway management devices market growth.
Decline in Routine Elective Surgeries amid Pandemic Affected Market Growth
The impact of the COVID-19 pandemic resulted in a decline in the market growth in 2020. Several countries across the globe faced challenges in accessing medical care and treatment due to postponements & de-prioritization of non-essential surgeries. Also, the disruption caused by the COVID-19 pandemic to international supply chains led to high-profile shortages of critical medical devices.
Also, during the pandemic, a decline in global anesthetic procedures was reported owing to a decrease in the conduction of elective surgeries, leading to limited adoption of medical devices for airway management in anesthesia, further hampering the market.
However, pending elective surgeries rebounded quickly after the initial COVID-19 shutdown, and inpatient volumes increased across the globe. These led to increased demand and usage of these devices in anesthetic and surgical procedures, further propelling the market.
Moreover, the emphasis of key players on manufacturing and product launches of single-use management devices, such as endotracheal tubes, and tracheostomy tubes, over a large application area increased in the healthcare industry. Similarly, amid the COVID-19 pandemic, these devices offered value-based care services such as sterilization & non-containment to patients boosting the use of single-use devices, further reducing the spread of infection.
Thus, the rebound in elective surgical cases post-pandemic, coupled with the high adoption of single-use airway devices boosted the market growth.
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High Adoption of Airway Management Devices in Neonates to Pose Opportunities for Market Development
A continuous upsurge in preterm births all over the globe is evident due to certain risk factors such as infections, changes in lifestyle activities, increasing stress in pregnant women, and others. For instance, according to World Health Organization, approximately 15.0 million babies are born preterm every year across the world.
The risk of further health complications has also increased due to the rising pre-term birth cases, of approximately 15.0 million patients every year. Many survivors face a lifetime of disabilities, including learning disabilities, visual & hearing problems, and breathing & feeding difficulties.
Thus, the increasing incidence of breathing disorders and invasive mechanical ventilation augments the adoption of devices 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 birth and all above mentioned key factors aids in the high adoption of such devices for treatment of neonatal patients worldwide, propelling the market growth.
Rising Number of Joint Ventures and Start-ups Amongst Industry Players will propel the Market
The demand for airway medical devices is increasing owing to the upsurge of the rising prevalence of chronic respiratory diseases requiring airway management across the globe. Thus, major industry players are actively focusing on producing technologically advanced airway devices and developing new R&D centers across the globe. Moreover, the rising production by key players and approval from regulatory bodies for low-cost devices is expected to boost the market growth.
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 these devices in are expected to hamper their extensive adoption, further restraining the market growth.
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Increasing Launch of Technologically Advanced Devices to Augment Segment Growth for Infraglottic Devices
The global market is segmented by type into infraglottic devices, supraglottic devices, laryngoscopes, andothers. Among types, the infraglottic devices segment accounted for the largest market share in 2021. The dominance was attributed to the rise in prevalence of chronic respiratory disorders globally, rising adoption of these devices by healthcare providers in intensive care units, and operating rooms for anesthetic 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 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.
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 2021. The highest share was attributable to rising global anesthetic procedures and rising chronic disorders requiring anesthetic intervention among the population.
On the other hand, the emergency medicine segment is projected to register a comparatively higher CAGR owing to its rising emergency visits in hospitals & ambulatory surgical centers across developed countries and increasing prevalence of trauma and accidental injuries among the population.
Surge in Surgical Procedures in Hospitals & Ambulatory Surgical Centers to Propel Growth
Based on end-user, the market is segmented into hospitals & ambulatory surgical centers, homecare, and others.
Hospitals & ambulatory surgical centers segment accounted for the highest market share in 2021. The highest share was attributed to the rising number of hospitals, especially in emerging countries. An upsurge in surgical and aesthetical procedures with airway management interventions used for ventilation, oxygenation, and providing breathing support to patients is likely to contribute to the segment's growth.
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.
North America Airway Management Devices Market Size, 2021 (USD Billion)
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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.
The North American market was valued at USD 0.87 billion in 2021 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.
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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 2029.
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 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.
Value (USD billion)
By Type, By Application, By End User and Region
By End User
Fortune Business Insights says that the global market size was USD 1.81 billion in 2021 and is projected to reach USD 2.55 billion by 2029.
Registering a CAGR of 4.4%, the market will exhibit steady growth in the forecast period (2022-2029).
The infraglottic segment is expected to lead this market during the forecast period.
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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