According to a new report, published by KBV research, The Global Airway Management Devices Market size is expected to reach $3.5 billion by 2030, rising at a market growth of 7.2% CAGR during the forecast period.
The Emergency Medicine segment is experiencing a CAGR of 7.6% during (2023 - 2030). Emergency clinicians generally encounter difficult airways. Many devices have been designed to help manage the difficult airway. They comprise a variety of video, fiber optic, optical, and mechanical technologies to allow the operator to obtain a better view of the larynx. These instruments are useful for managing difficult or failed airways and routine intubation. Thus, due to the wide utility of airway management devices in emergency medicine, the segment is expected to boost significantly over the forecast period.
The Hospitals segment is leading the Global Airway Management Devices Market by End-use in 2022; thereby, achieving a market value of $2 billion by 2030. Due to the high patient turnaround, frequent readmissions, and large procedure volumes. In addition, supportive infrastructure enables successful operative practices involving airway management, thus leading to a higher share. Moreover, the hospitals are undertaking initiatives and studies to reduce adverse events related to airway management. For instance, in August 2023, the Royal Hospital for Children (RHC) in Glasgow conducted a study, and it concluded that the Paediatric Structured CRitical Airway Management (SCRAM) Bag implemented across the hospital. The increasing adoption of novel devices across hospitals is expected to propel the segment growth.
The Infraglottic Devices segment is registering a CAGR of 7% during (2023 - 2030). The rising prevalence of critical illnesses and complex medical conditions has increased the demand for advanced airway management techniques. Infraglottic devices, such as endotracheal and tracheostomy tubes, are essential for providing mechanical ventilation and airway support in critically ill patients. Infraglottic devices, such as endotracheal tubes (ETTs) and supraglottic airway devices (SGAs), are essential in advanced life support scenarios, such as cardiac arrest or severe respiratory failure. They enable healthcare providers to quickly secure the airway and provide effective ventilation and oxygenation, which is critical for patient survival.
Full Report: https://www.kbvresearch.com/airway-management-devices-market/
The North America region dominated the Global Airway Management Devices Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.3 billion by 2030. The Europe region is poised to grow a CAGR of 6.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 8% during (2023 - 2030).
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