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Airway Management Devices Market: Global Opportunity Analysis and Industry Forecast, 2020–2026

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Oct 2020 | 42 Views
 
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Airway management comprises a set of operations and medical procedures accomplished to prevent and also help in relieving airway obstruction. This ensures an open pathway for gas exchange between a patient's lungs and the atmosphere. This can be achieved by preventing airway obstruction in cases such as anaphylaxis,the obtunded patient, or medical sedation or by clearing a previously obstructed airway. Airway blockage can be caused by the foreign objects, tongue, the tissues of the airway itself, and bodily fluids such as blood and gastric contents.Airway management is a chief consideration in the fields of anaesthesia, intensive care medicine, cardiopulmonary resuscitation, emergency medicine, neonatology, and first aid. There are various devices available for supporting the management in the proper supply of oxygen and hence helpful in airway management.

 

Airway Management Devices

Market scope and structure analysis:

                  Report Metric

                                          Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Patient Age, End Userand Region

  Geographies covered

North America (U.S,. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Smiths Medical, Medtronic, SourceMark,Teleflex, SunMed,Ambu, Flexicare, Verathon, Intersurgical, VBM Medizintechnik, Vyaire Medical, Salter Labs and KARL STORZ.

 

COVID-19 scenario analysis:

The COVID-19 is the pandemic which causes respiratory problems and the spread of this can only be stopped with the help of social distancing. The infected population requires medical supplies and the increase in demand of the medical devices for management of the disease is growing drastically. Respiratory support devices such as life-support machine, oxygen generator, atomizer, and monitor are among the majorly used medical equipment in primary clinical treatment. Furthermore, COVID-19 has led to a huge outpouring in demand for medical supplies such as the personal protective equipment including gloves, masks, and protective eyeglasses. With rise in number of COVID-19 cases throughout, the demand for medical supplies keeps on mounting among, both from healthcare professionals and civil population for precautionary measures. The manufacturers of these products have greater opportunity to capitalize this amplified demand of medical supplies to guarantee adequate and continuous supply of personal protective equipment in the airway management devices market.

Top impacting factors: Market Scenario Analysis, Trends , Drivers and Impact Analysis

The key factors which are anticipated to help the airway management devices market propel include rise in the prevalence of the chronic respiratory diseases is expected to boost the industry. The increase in the investments, grants done by the government bodies and funds for the improvement of the emergency care infrastructure is anticipated to propel the industry. Furthermore, rising demand for the emergency care would surge the industry. The growth in the number pre-term birth which needs the assistance of airway management devices to ensure that appropriate air flow is carried out, would help the airway management devices market grow in the coming years. However, the lack of presence of skilled professionals is expected to hinder the market growth in the near future.

New product launches to flourish the market

The rise in the number of launch of new products that are designed such that they could fulfill the need of the market would help the market gain maximum revenue.For instance, in September 2018, Royal Philips announced that it had developed a resuscitation device by getting in collaboration with the Consortium for Affordable Medical Technologies (CAMTech) to help decrease neonatal mortality. The product is named as Augmented Infant Resuscitator (AIR). This device could be used as an add-on product with standard neonatal bag-valve-mask (BVM) resuscitators generally used by caregivers to resuscitate majorly asphyxiated newborn babies.

Furthermore, in September 2019, Olympus, which is amongst the global technology leader in specialized in designing and delivering innovative solutions for surgical and medical procedures, among other core businesses, announced that it had launched two video rhino-laryngoscopes. It is proposed to be specially designed for laryngological examinations, namely the ENF-VH2/V4. It is slim and lightweight, which assists in minimizing strain and maximize performance for ENT specialists who are looking for lesions and speech language pathologists assessing the physiology of swallowing.

Surge in mergers and acquisitions to boost the market

The rise in the number of mergers and acquisitions is anticipated to help the airway management devices market grow in the forecast period. For instance, In September 2016, Ambu acquired ETView Medical Ltd. This acquisition was carried out in order to allow Ambu to reinforce its portfolio of single-use visualization products in the airway management segment. The growth in the merger and acquisition within the market leaders would help the industry to gain maximum shares in the coming years.

Additionally, in November 2017, Flexicare acquired MedisizeB.V. This acquisition was to improve its presence in three EU countries, which include the Germany, Netherlands, and Italy. Furthermore, this development is projected to hasten revenue growth and drive overall incomesand also the growth potential for Flexicare’s different range of both anesthesia and airway management products.

Key segments covered:

              Segments

                               Sub-segments

  Type

  • Infraglottic Airway Management Devices
  • Tracheostomy Tubes
  • Endotracheal Tubes
  • Supraglottic Airway Management Devices
  • Oropharyngeal Airways
  • Laryngeal Mask Airways
  • Nasopharyngeal Airways
  • Other Supraglottic Airway Management Devices
  • Resuscitators
  • Laryngoscopes
  • Conventional Laryngoscopes
  • Video Laryngoscopes
  • Others

  Patient Age

  • Pediatric Patients/Neonates
  • Adult Patients

  End User

  • Emergency Care Departments
  • Operating Rooms
  • Intensive Care Units
  • Home Care Settings
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Airway Management Devices industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Airway Management Devices market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global airway management devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global airway management devices market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Airway Management Devices Market research report:

  • Who are the leading market players active in the Airway Management Devicesmarket?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the airway management devices market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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