According to MRFR analysis, Airway Management Market is expected to register a CAGR of 5.2% during the forecast period of 2019 to 2025 and is predicted to value USD 1,764.47 Million in 2025.
Airway management plays an essential role in complex conditions. These devices and procedures are used for providing ventilation to the patients during surgical procedures, respiratory emergencies, and other medical procedures. For instance, lung cancer is the leading cause of death worldwide, with the estimated number of deaths caused by it in the year 2018 was approximately 9.6 million. Airway management has benefits that can resolve complications that may arise during the treatment of lung cancer and related disorders.
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However, the low compatibility of airway management devices with patients is likely to hamper the growth of the global airway management market during the forecast period.
Several market players currently dominate the global airway management market. The key players are involved in product launches and strategic collaborations to strengthen their market positions.
Segmentation:
MRFR’s take on the Airway Management products Market is based on product type, application, and end user. Insights from this segmentation are expected to help proper understanding of the market.
By product type, the global airway management market can be segmented into supraglottic, anesthesia masks, laryngoscopes, accessories, infra-glottic, and others. The supraglottic segment would dominate the global market.
By application, the report on the airway management market would includes general anesthesia, surgery, respiratory care, and others.
By end user, the airway management market report can be segmented into surgical centers, hospitals, and others. In hospitals, the system is expected to gain better inclusion.
Regional Analysis:
North America would display their strength in the market and is expected to outperform other regions in the coming years. This is primarily due to the increasing structural change in the region. Superlative infrastructure, high investment capacity, better support system in time of need, and others are expected to boost regional market setup.
The growth in Europe would follow the same trail as countries like Russia, France, Germany, the UK, and others offer the same kind of outlook like that of North American countries like the US and Canada.
In Asia Pacific, the airway management market would depend much on the emerging economies. These economies are spending to develop their healthcare sector and inspire better upgradation. Such endeavors would create scope for increased intake of airway management.
Competitive Analysis:
Various global players are showing notable interest in the airway management market to profit from its mandatory inclusions in several healthcare organizations. These companies and their strategic implementations are expected to make sure the market does not remain stagnant in the coming years. The strategic inputs include various mergers, acquisitions, new product launches, innovations in methods, and others to ensure better market strategies. These companies are Salter Labs (US), Medtronic (Ireland), Smiths Group PLC [UK] (Smiths Medical), Teleflex Incorporated (US), Sunmed (US), Vyaire Medical (US), Roper Technologies (US) (Verathon Inc.), Sourcemark (US), Ambu A/S (Denmark), Vbm Medizintechnik GmbH (Germany), Intersurgical Inc (UK), and others.
Industry News:
In March 2020, Pouchot Dentistry of Gloucester announced that they would launch several other services to make sure that their patients get the best-quality support. Among these extended services, proper airway management would play a dominant role.
Table of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope of the Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power of Suppliers
5.1.2. Bargaining Power of Buyers
5.1.3. Threat of New Entrants
5.1.4. Threat of Substitutes
5.1.5. Intensity of Rivalry
5.2. Value Chain Analysis
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