Airway Management Devices Market Share 2023- Industry Trends, Revenue, Growth Strategy, Business Opportunities and Future Competition Till 2033: SPER Market Research
Doctors often employ an airway management device to keep patients’ airways open. By keeping the patient’s airway open, the device allows gas exchange between the lungs and the outside air. To deliver anaesthesia to patients in hospitals, a range of devices such as oropharyngeal airways, nasopharyngeal airways, laryngeal mask airways, and tracheal incubation are employed. Chronic diseases such as COPD, cancer, and chronic lung diseases are becoming more common in the population as a result of increased physiological risk factors such as changes in Lifestyle, physical inactivity, poor diet, and habitual habits such as smoke and excessive alcohol usage are all issues to consider. Furthermore, the global death rate among patients is rising as a result of these and other chronic disorders.
According to SPER market research, ‘Airway Management Devices Market Size- By Device Type, By Application, By Patient Age, By Procedure, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Airway Management Devices Market is predicted to reach USD 4.85 billion by 2033 with a CAGR of 7.5%.
Patients with viral, chronic, or cardiac disorders frequently experience airway issues, demanding prompt treatment. Those involved in a car accident or who have experienced other traumatic injuries may also require quick airway clearance to ensure their safety. Because of the increasing incidence of such occurrences, global demand for airway management devices is increasing.
Anaesthetists and nurses with advanced training are needed for tracheostomy, cricothyrotomy, and endotracheal intubation. A lack of knowledge about the best urgent therapy may aggravate the patient’s condition, lengthen recovery time, and increase direct and indirect costs. Improper identification and treatment of serious injuries in an emergency might result in abnormalities, dysfunction of the affected area, or even death.
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Impact of COVID-19 on Global Airway Management Devices Market
Admissions to emergency rooms and intensive care units have surged as a result of the COVID-19 outbreak. Patients with severe infections frequently experience respiratory failure or low oxygen saturation, necessitating the use of positive air pressure devices such as ventilators. As a result, there is an increase in demand for airway control devices, particularly single-use devices. Due to the risk of viral particle aerosolization with non-invasive approaches, the number of patients requiring intubation via invasive airway management procedures has grown. Healthcare practitioners that give COVID-19 and other patients in healthcare institutions with airway management are placing themselves in danger, which has increased demand for single-use devices.
Airway Management Devices Market Key Players:
Geographically, because of the high rates of asthma and chronic obstructive pulmonary disease, as well as the expanding geriatric population, North America led the world market in 2021 and is expected to continue growing at the quickest rate over the forecast period. The United States and Canada are two significant countries in North America where such airway management devices have been widely utilised. The primary drivers of the increased demand for airway management devices market projection in North America include rising pollution levels and an increase in respiratory issues, especially in neo-natal care. Due to favourable reimbursement policies and an increase in healthcare R&D spending, as well as the increased incidence of chronic diseases such as COPD, the U.S. market will enjoy significant growth over the projected period. Additionally, some of the market key players are Akzo Nobel NV, Axalta Coating Systems, BASF SE, Cabot Corp, Clariant AG.
Airway Management Devices Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Device Type: Based on the Device Type, Global Airway Management Devices Market is segmented as; Infraglottic Devices, Laryngoscopes, Resuscitators, Supraglottic Devices, Others.
By Application: Based on the Application, Global Airway Management Devices Market is segmented as; Anaesthesia, Emergency Medicine, Other applications.
By Patient Age: Based on the Patient Age, Global Airway Management Devices Market is segmented as; Adult Patients, Paediatric Patients/Neonates.
By Procedure: Based on the Procedure, Global Airway Management Devices Market is segmented as; Intensive Care Unit or Emergency Procedure, Non-Emergency Surgical Procedures.
By End User: Based on the End User, Global Airway Management Devices Market is segmented as; Ambulatory care settings, home care settings, Hospitals, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Airway Management Devices Market Future Outlook
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