Airway Management Devices Market by Type (Endotracheal tubes, Tracheostomy tube, Oropharyngeal, Nasopharyngeal, Laryngoscopes, Resuscitators), Application (Anesthesia, Emergency medicine), End User (Hospitals, Home care settings) - Global Forecast to 2028
Updated on : Aug 22, 2024
The global airway management devices market in terms of revenue was estimated to be worth $1.8 billion in 2022 and is poised to reach $2.4 billion by 2028, growing at a CAGR of 5.6% from 2022 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The growth in this market is attributed to the growing demand for airway management devices across developing countries, the rise in surgical procedures, and the increasing prevalence of chronic respiratory disease such as asthma, COPD will drive the growth of the market. On the other hand, lack of reimbursement policies across emerging countries may challenge the growth of market. Whereas, increasing demand for intensive care unit to provide growth opportunities for market.
Attractive Opportunities in the Airway Management Devices Market
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Airway Management Devices Market Dynamics
DRIVER: Rising incidence of pre-term births globally
Preterm birth is when a baby is born too early, before 37 weeks of pregnancy have been completed. Globally, there has been a rise in the number of premature births in recent years. Babies with breathing issues may need a mechanical ventilator to help them in breathing. These babies may also develop irregular breathing, apnea, asthma, and other respiratory diseases. Considering these points, the high and rising incidence of pre-term births drives the global demand for airway management devices. To meet the demand of different sizes and shapes of airway management products, vendors are offering products according to infants and pediatric patients’ requirements.
Restraint: Lack of reimbursement policies across emerging countries
Emerging countries have low adoption for expensive airway management devices, due to ineffective reimbursement policies or lack of public health insurance coverage. Such ineffective policies, people need to spend out of pockets which hampers the financial condition of the poor across developing countries, with a lack of support for universal health coverage. Such situations have made countries vulnerable to the risk of chronic diseases. Owing to the high out-of-pocket costs of healthcare, the adoption of expensive medical devices such as video laryngoscopes and advanced surgical procedures is low across emerging countries, that has become a key restraint in the market.
OPPORTUNITY: Rising growth potential in developing countries
Developing countries such as China, India, and Brazil are expected to provide potential growth opportunities to players operating in the market. This is primarily attributed to the large target patient population in India and China. China’s one-child policy has significantly reduced the working-age population in the country and resulted in significant growth in its old age population. Moreover, countries such as India and Malaysia have become medical tourism hubs. The cost of surgical procedures across these developing countries is far less than in developed countries such as the US, Germany, France, and the UK. The resultant rise in surgeries will contribute to the demand for anesthesia procedures and airway management.
CHALLENGE: Dearth of skilled professionals
Airway management procedures such as tracheostomy, endotracheal intubation, and cricothyrotomy procedures require highly skilled anesthetists and trained nurses. The lack of knowledge regarding the right choice of immediate treatment can adversely affect the patient’s condition, can increase the recovery time, and can surge the direct and indirect expenses. Shortage of anesthetists and paramedics has become one of the key concerns for countries across the globe. The shortage has directly impacted the efficiency and capabilities of healthcare settings to provide surgical and emergency care, further hindering the demand for airway management devices used across these procedures.
Airway Management Devices Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of airway management devices. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Medtronic (Ireland), ICU Medical, Inc. (US), Teleflex Incorporated (US), Ambu A/S (Denmark), ConvaTec Group Plc (UK
In 2022, infraglottic segment to observe highest growth rate of the airway management devices market, by type
Based on the type, the infraglottic segment is expected to observe highest growth during the forecast period. Factors attributing high growth is due to rise in prevalence of cardiovascular diseases, chronic respiratory diseases, and respiratory tract infections are increasing the incidence of acute respiratory failure, thereby driving the demand of intubation procedures and infraglottic devices globally.
In 2022, anesthesia segment is expected to account for the largest share of the airway management devices market, by application.
By application, the anesthesia segment accounted for the largest share during the forecast period. Factors attributing to the large segment of this market include the rising number of surgical interventions. Moreover, the growing need for maintaining a safe breathing passage to lower the risk of anesthesia-related complications during surgery is also driving the use of airway management devices during anesthesia procedures.
The pediatric patient segment of airway management devices market is expected to grow at the highest rate during the forecast period.
The pediatric/neonatal patients segment is expected to grow at the highest CAGR in the market during the forecast period. The rising number of pre-term births globally are driving a rapid demand for airway management across pediatric/neonatal patients.
In 2022, Hospitals segment accounted for the largest share of the airway management devices market, by end user.
The hospital segment accounted for the largest market share during the forecast period. The high share of this segment can be attributed to the increasing number of hospitals and infrastructural & economic development, especially in developing countries. Moreover, the increasing surgical procedure during any surgery also supports high growth in the hospitals segment.
In 2022, North America to dominate in airway management devices market
The global market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is expected to dominate during the forecast period, primarily due to presence of highly developed healthcare system, the increasing prevalence of chronic respiratory diseases, and favorable reimbursement policies for airway management devices.
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The airway management devices market is dominated by players such Medtronic (Ireland), ICU Medical, Inc. (US), Teleflex Incorporated (US), Ambu A/S (Denmark), ConvaTec Group Plc (UK).
Airway Management Devices Market Report Scope
Report Metrics |
Details |
Market Revenue in 2022 |
$1.8 billion |
Projected Revenue in 2028 |
$2.4 billion |
Revenue Rate |
Poised to grow at a CAGR of 5.6% |
Market Driver |
Rising incidence of pre-term births globally |
Market Opportunity |
Rising growth potential in developing countries |
This research report categorizes the airway management devices market to forecast revenue and analyze trends in each of the following submarkets:
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Product
- Imfraglottic Devices
- Supraglottic Devices
- Laryngoscopes
- Resuscitators
- Cricothyrotomy kits
- Other Airway Management Devices
By Patient Age
- Adult Patients
- Pediatric Patients/Neonates
By Application
- Anesthesia
- Emergency Medicine
- Other applications
By End User
- Hospitals
- Ambulatory care settings
- Home care settings
- Others
Recent Developments
- In 2022, SunMed Holdings (US) announced a strategic partnership with Securisyn Medical LLC (US) to enhance ventilated patient safety and broader smooth tube and catheter security.
- In 2022, Coloplast A/S acquired Atos Medical to add a new chronic business segment – ENT & Respiratory Care, which will run as a separate strategic unit, operating on shared Coloplast infrastructure.
- In 2022, ICU Medical, Inc. acquired Smiths Medical (US), which includes a syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, it created a leading infusion therapy company.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the airway management devices market?
The airway management devices market boasts a total revenue value of $2.4 billion by 2028.
What is the estimated growth rate (CAGR) of the airway management devices market?
The global market for airway management devices has an estimated compound annual growth rate (CAGR) of 5.6% and a revenue size in the region of $1.8 billion in 2022.
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The objective of the study is analyze the key market dynamics such as drivers, opportunities, challenges, restraints, and key player strategies. To track companies developments such as acquisitions, product launches, expansions, collaborations, agreements and partnerships of the leading players, the competitive landscape of the electrophoresis market to analyzes market players on various parameters within the broad categories of business and product strategy. Revenue share analysis were used to estimate the market size. To estimate the market size of segments and subsegments the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Collecting Secondary Data
The secondary research data collection process involves the usage of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B), annual reports, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the electrophoresis market. A database of the key industry leaders was also prepared using secondary research.
Collecting Primary Data
The primary research data was conducted after acquiring knowledge about the airway management devices market scenario through secondary research. A significant number of primary interviews were conducted with stakeholders from both the demand side (such clinical laboratories, hospitals, and academic & research institutes) and supply-side (such as included various industry experts, such as Directors, Chief X Officers (CXOs), Vice Presidents (VPs) from business development, marketing and product development teams, product manufacturers, wholesalers, channel partners, and distributors) across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Approximately 40% of the primary interviews were conducted with stakeholders from the demand side while those from the supply side accounted for the remaining 60%. Primary data for this report was collected through questionnaires, emails, and telephonic interviews.
A breakdown of the primary respondents is provided below:
Breakdown of Primary Participants:
Note 1: *Others include sales managers, marketing managers, and product managers.
Note 2: Tiers are defined based on a company’s total revenue as of 2022: Tier 1=> USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3=< USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Total Market Size: Global Airway Management Devices Market
The total size of the market was arrived at after data triangulation from various approaches, as mentioned below. After completing each approach, a weighted average of the three approaches was taken based on the level of assumptions used in each approach.
Approach 1: Airway Management Devices Market - Revenue Share Analysis
- Revenues for individual companies were gathered from public sources and databases for each market segment.
- Shares of the airway management products of the leading players were gathered respectively from secondary sources to the extent available. In certain cases, shares have been ascertained after a detailed analysis of various parameters, including product portfolio, market positioning, and geographic reach.
- Individual shares or revenue estimates were validated through Interviews with Experts.
- The market size was then extrapolated to obtain the global market. It was further validated through Interviews with Experts.
The following figure shows an illustrative representation of the overall market size estimation process employed for this study.
Market Size Estimation: Revenue Share Analysis
Source: Annual Reports, SEC Filings, Investor Presentations, Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Airway Management Devices Market: Company Revenue Estimation
Source: Annual Reports, SEC Filings, Investor Presentations, Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
Approach 2: Primary Interviews
- As a part of the primary research process, individual respondents’ insights on the market size and market growth were taken during the interview (regional and global, as applicable).
- All the responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.
Market Definition
Healthcare professionals use airway management devices to clear or bypass obstructed airways to maintain and restore ventilation. An obstructed airway can usually result from anesthesia, respiratory infections, anatomical abnormalities, trauma, or foreign matter that blocks the breathing passage.
Key Stakeholders
- Manufacturing Companies of Airway Management Devices
- Hospitals
- Group Purchase Organizations
- Ambulatory Care Centers
- Assisted Living Facilities/Home Healthcare Service Providers.
- Healthcare Insurance Providers
- Market Research and Consulting Firms
- Venture Capitalists and Investors
Report Objective
- To define, describe, segment, and forecast the airway management devices market by type, application, patient age, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of the market with respect to the five key regions (along with countries), namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players in the market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments such as product launches & enhancements, expansions, mergers & acquisitions, partnerships, contracts, and collaborations
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the Rest of the Asia Pacific market into South Korea, Australia, and others
- Further breakdown of the Latin American market into Brazil, Mexico, and others
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Airway Management Devices Market