Airway Management Devices Market

Medtronic Plc (Ireland), Smiths Medical (US), and Teleflex(UK), and Ambu (UK) are the Leading Players in the Airway Management Devices Market

The airway management devices market is projected to reach USD 2.5 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 5.8% during the forecast period. Airway management devices market is majorly driven by the increasing prevalence of chronic respiratory diseases such as COPD and asthma and surge in the number of patients requiring intensive and emergency care. Moreover, presence of favorable reimbursement coverage across developed countries, and the high incidence of pre-term births, increasing public and private investments for the development of healthcare infrastructure, and rising geriatric population is supporting the market growth.

Rising demand for single-use airway management devices and significant growth potential in emerging countries for airway management therapies present lucrative growth opportunities for the vendors in the market. On the other hand, lack of skilled professionals, adverse effects of certain devices on neonates, increasing pricing pressure on market players and lack of reimbursement policies across emerging countries are expected to hamper the growth of this market during the forecast period.

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The global airway management devices market is consolidated at the top, with a large number of leading market players based in developed countries. The prominent players in this market are 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), Olympus Corp. (Japan), Armstrong Medical (UK), Nihon Kohden Corp (Japan), Shenzen Hugemed Medical Technical Development Co. Ltd. (China), Venner Medical (US). However, in the last few years, a number of smaller players have emerged and are competing with global players based on price and product innovation. Due to the intense competition in the market, major market players are increasingly focusing on expanding their geographic presence into high-growth emerging markets and strengthening their competitiveness in the market by acquiring smaller players with desired technological capabilities or geographic presence.

Medtronic Plc (Ireland) held the leading position in the airway management devices market in 2020. The company offers a wide range of airway management devices including Infraglottic airway management devices, supraglottic airway management devices, laryngoscopes, and other airway management devices such as stylets, CO2 detector, valves, and cannula. The company has a strong geographic presence established through its manufacturing and distribution facilities, across the globe. The company leverages its research capabilities and innovative product portfolio to ensure a leading position in the airway management devices market. In FY 2020, the company invested USD 2,331 million in R&D, up from USD 2,253 million in FY 2018.

Smiths Medical held the second position in the global market. The company provides endotracheal tubes, endobronchial tubes, intubation accessories, laryngoscopes, and specialty airway products. In 2020, the company’s vital care segment (offering airway management devices) generated about USD 421.5 million. Smiths Medical is present in over 120 countries with operations in ~30 locations, with manufacturing sites located in North America, Europe, and Asia. It focuses on product innovation to expand its portfolio, enter new markets, and build a better network to gain a wider customer base. The company has created a strong foothold in the airway management devices market due to its diversified product portfolio and its focus on organic business strategies. The company invested about 5.9% of its sales revenue (USD 71.1 million) in R&D in FY 2020, compared to USD 64.1 million invested in FY 2019.

Related Reports:

Airway Management Devices Market by type (Endotracheal tubes, Tracheostomy tube, LMA, Oropharyngeal, Nasopharyngeal, Laryngoscopes, Bougies), Application (Anesthesia, Emergency medicine), End user (Hospitals), COVID-19 Impact - Global Forecast to 2026

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Report Code
MD 6439
RI Published ON
5/7/2021
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