Airway Management Devices Market is Expected to Exceed US$ 4.2 Billion By 2027

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The global Airway Management Devices market gathered revenue around USD 1.0 Billion in 2020 and market is set to grow USD 4.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027.

Overview of Airway Management Devices Market Study

Airway Management Devices market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

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Growth Factors:

Increasing admissions across emergency & intensive care units, increasing prevalence of chronic respiratory diseases such as asthma and COPD, rise in geriatric population, growing investments in healthcare infrastructure, favorable reimbursement coverage across developed countries, and the high incidence of pre-term births are driving the significant revenue growth in the market. The adoption of single-use airway management devices have increased considerably, which is offering significant growth opportunities to the vendors. Moreover, rising demand for airway management devices across emerging countries, due to rise in surgical procedures is also presenting a significant growth opportunities for the vendors in the market.

North America accounted for the largest share of the airway management devices market in 2020

In 2020, North America accounted for the largest share of the airway management devices market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa. The large share of this market segment can be characterized by the presence of a highly developed healthcare system, the significant number of prominent vendors, the increasing number of healthcare settings, the rising prevalence of chronic respiratory diseases,  and favorable reimbursement policies for airway management devices.

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COVID-19 Impact on Airway Management Devices Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Airway Management Devices market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Airway Management Devices market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Airway Management Devices market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Airway Management Devices market include:

 Medtronic plc (Ireland), Smiths Medical (UK), Teleflex Inc. (US), Ambu A/S (Denmark), Convatec Group plc (UK), KARL STORZ (Germany), Flexicare (US), Intersurgical Ltd. (UK), SunMed LLC (US), Vyaire Medical (US), VBM Medizintechnik (Germany), Verathon (US), SourceMark (US), Mercury Enterprises (US), TRACOE medical (Germany).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Airway Management Devices Market, by Type

  • Infraglottic Airway Management Devices
    • Endotracheal tubes
    • Tracheostomy tubes
  • Supraglottic Airway Management Devices
    • Laryngeal Mask Airways
    • Oropharyngeal Airways
    • Nasopharyngeal Airways
    • Other Supraglottic Airway Management Devices
  • Laryngoscopes
    • Conventional Laryngoscope
    • Video Laryngoscope
  • Resuscitators
  • Cricothyrotomy Kits
  • Other Airway Management Devices

Global Airway Management Devices Market, by Application

  • Anesthesia
  • Emergency Medicine
  • Others

Global Airway Management Devices Market, by Patient Age

  • Adult Patients
  • Pediatric/Neonatal Patients

Global Airway Management Devices Market, by End User

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

Browse Complete Table of Content@ https://www.novaoneadvisor.com/toc/airway-management-devices-market

Why Buy this Report?

The purpose of Nova one advisor’s Airway Management Devices market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Download This Full Research Report, Click Here@ https://www.novaoneadvisor.com/report/checkout/4420

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