Airway management devices such as laryngeal mask airways, tracheostomy tubes, endotracheal tubes, tracheostomy tracheal tubes, laryngoscopes, and oropharyngeal airways are used to manage upper airway passage and facilitate ventilation in conditions such as anesthesia, respiratory distress, and trauma. These devices are most commonly used during resuscitation, surgery, intensive care, and emergency situations to secure airway patency and prevent aspiration or obstruction. Increasing prevalence of chronic respiratory diseases and rising number of surgeries are some of the major factors fueling demand for airway management devices globally.
The global airway management devices market is estimated to be valued at US$ 1949.53 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The global airway management devices market is expected to be flourished by increased demand for emergency care. As per the heading, emergency care is a key driver expected to fuel the growth of this market. Emergency medical conditions such as respiratory distress, cardiac arrest, accidents and trauma often require immediate airway management using intubation or ventilation. With rising burden of time-sensitive critical illnesses and injuries worldwide, demand for airway management devices from emergency rooms and pre-hospital emergency medical services is increasing steadily. Additionally, growing geriatric population also contributes to the market growth as aged people are more prone to respiratory diseases and emergencies requiring airway management. Shortage of skilled professionals for airway management procedures in many countries poses a challenge. However, ongoing technological advances leading to development of easy-to-use and portable airway management devices are helping address this issue and expand access to critical care. This is further expected to propel the airway management devices market during the forecast period.
Segment Analysis
The global airway management devices market is dominated by the endotracheal tubes sub segment. According to studies, endotracheal intubation procedures account for over 80% of all emergency department intubations. Endotracheal tubes are inserted through the mouth into the trachea and are preferred for airway management during surgical procedures involving general anesthesia. Their high efficacy in establishing and securing the patient’s airway during such procedures has made them the gold standard for airway management.
PEST Analysis
Political: Healthcare reforms and initiatives to increase ICU capacity and make critical care devices more accessible have boosted demand. However, stringent regulatory approvals for new devices have also increased.
Economic: The overall rise in the number of ICU admissions coupled with increasing prevalence of respiratory diseases is fueling market growth. However, pricing pressure and budget constraints in some regions act as a challenge.
Social: Growing public awareness about airway management and a large aging population susceptible to respiratory conditions are driving demand. However, some religious and cultural barriers also exist for certain devices.
Technological: Development of single-use and compact portable devices, self-monitoring tech and virtual ICU solutions are expanding applications. However, high R&D investments required also pose challenges.
Key Takeaways
The Global Airway Management Devices Market Size was valued at US$ 1949.53 Mn in 2024 and is projected to reach over US$ 3000 Mn by 2030, expanding at a CAGR of 7.5% during the forecast period.
The North American region currently dominates the market owing to presence of major players, rapid adoption of innovative devices, and strict clinical recommendations for airway management protocols. However, APAC is expected to witness the highest growth over the next decade due to rising healthcare investments, increase in ICU capacity and number of surgical procedures being performed in the region.
Key players operating in the airway management devices market are Nanya PCB, Tripod Technology Corporation, Unimicron Technology Corporation, Ibiden Co., Ltd., Compeq Manufacturing Co., Ltd., TTM Technologies, Inc., Kingboard Holdings Limited, Shennan Circuits Company Limited, AT&S Austria Technologie & Systemtechnik AG, and Multek (a subsidiary of Flex Ltd.). Most leading players are focusing on developing advanced single-use devices with improved safety profiles and working on new technologies like self-monitoring capabilities to expand their product portfolios and market share.
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