Global Airway Management Devices Market To Grow At Significant Rate Of 53% Through 2020!

The global airway management devices market is expected to grow from $1.40 billion in 2019 to $2.15 billion in 2020 at a compound annual growth rate (CAGR) of 53.35%. The growth is mainly due to the COVID-19 outbreak that required airway management devices to support COVID-19 patients with ease in breathing. The market is expected to stabilize and reach $2.65 billion in 2023 at a CAGR of 7.33%. The increasing prevalence of respiratory diseases is expected to propel the demand for airway management devices market over the forecast period. However, the complications and failures associated with airway management devices limit the growth of the market.

Airway management devices are used to prevent and relieve airway obstruction to ensure proper exchange of air between the patient’s lungs and atmosphere.

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The global airway management devices market is further segmented based on type and geography.
By Type: Infraglottic Airway Management Devices, Supraglottic Airway Management Devices, Resuscitators, Laryngoscopes, Other Devices
By End Use: Hospital, Homecare
By Application: Anesthesia, Emergency Medicine, Others.
By Geography: The global airway management devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American airway management devices market accounts for the largest share in the global airway management devices market.

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Trends In The Airway Management Devices Market
Mergers and acquisitions are a trend in the market. In June 2018, Novo Klinik-Service GmbH, a company engaged in developing, producing and marketing innovative medical technology solutions and medical aids for intensive care, anesthesia and care sectors, announced the acquisition of Innocath for an undisclosed amount. With the acquisition, Novo Klinik-Service GmbH added ventilated patient care products of Innocath to its airway management product line. Innocath is based in Germany and its products include, tracheostomy tether, respiratory tube systems, laryngeal masks and accessories, and a range of airway management products for hospitals. Airway Management Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides airway management devices market overviews, analyzes and forecasts airway management devices market size and growth for the global airway management devices market, airway management devices market share, airway management devices market players, airway management devices market size, airway management devices market segments and geographies, airway management devices market trends, airway management devices market drivers and airway management devices market restraints, airway management devices market’s leading competitors’ revenues, profiles and market shares. The airway management devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.