Global Airway Management Devices Market is projected to reach USD 2.10 billion by 2023 from an estimated USD 1.60 billion in 2018, at a CAGR of 5.6% during the forecast period.
The growth of this market is majorly driven by factors such as rising prevalence of chronic respiratory diseases, increasing demand for emergency care, and high incidence of preterm babies are driving the growth of this market.
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The airway management devices market is segmented on the basis of type, end user, patient age, and region.
Based on type, the market is segmented into supraglottic airway management devices, infraglottic airway management devices, resuscitators, laryngoscopes, and other airway management devices such as stylets, bronchial blocking tubes, lumen tubes, and suction devices. In 2018, the infraglottic devices segment is expected to account for the largest share of the global market. The large share of this segment is attributed to the increased demand for endotracheal tubes and rising demand for emergency care.
Based on end user, the global market is segmented into operating rooms, emergency care departments, intensive care units, and other end users such as paramedics, home care, ambulance services, and fire-fighting groups. The operating rooms segment is expected to grow at the highest CAGR during the forecast period. Rising geriatric population and associated diseases which require surgical interventions are driving the growth of the operating rooms segment.
Based on patient age, the global market is categorized into adult patients and pediatric patients/neonates. The adult patients segment is expected to register the highest CAGR during the forecast period. The rising geriatric population and increased road trauma injuries are driving the growth of the segment.
Geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment is expected to account for the largest share of the market in 2018. The large share of this region can primarily be attributed to the rising prevalence of chronic respiratory diseases, increase in emergency department visits, and rising geriatric population and the subsequent increase in the prevalence of associated diseases.
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