Advantages of Portability, Ease of Use of Airway Managements Devices Boosts Market
At the recently concluded annual meeting of the National Association of Emergency Medicine Services Physicians, discussions on airway management in prehospital setting gathered significant attention. Experts argued that excessive focus on airway over proper breathing in prehospital setting is injurious to patients mainly because of biased approach of caregivers in the chain. Such considerations require heed to prevent the airway management devices market from being impacted.
Globally, the rising prevalence of respiratory diseases is one of the key growth drivers of the airway management devices market. Airway management devices refer to devices used in the treatment of clearing the obstruction of airways for normal respiration. Airway management devices are used in premature born babies, patients of trauma, and for secondary conditions that causes obstructed airways.
In addition, technical advancements, portability and ease of use of airway management devices, and increasing use of anesthetic drugs are some other key factors of the airway management devices market.
Supraglottic Airway Devices enable Flexible line of Treatment
Today, development of an array of supraglottic airway devices in operating rooms and critical care units in hospitals has benefitted consultants for flexible line of treatment. Consultants can render treatment in accordance with the responsiveness of patients, thereby leading to reduction in the cost of drugs. This is indirectly aiding the airway management devices market.
Among the key end users, operating room holds prominence in the airway management devices market. Operating rooms are well equipped with diagnostic and therapeutic equipment where a high number of surgical procedures are carried out. Operating rooms thus display significant demand for airway management devices.
Supraglottic devices in the airway management devices market account for the leading share among other product segments. Rapid rise in geriatric population, rising prevalence of chronic obstructive pulmonary disease, and technological advancements are primarily boosting the growth of supraglottic devices. Quick adaptability and ease of use, and lowering cost of pharmaceutical drugs are some advantages of supraglottic devices.
Asia Pacific to Emerge as Key Region for Airway Management Devices
North America, among the key regions, leads the global airway management devices market. Rapid technological advancements and rising incidence of respiratory diseases are boosting the airway management devices market in the region.
Europe is the second-leading region for airway management devices. Countries in Western Europe such as Germany, France, Italy, and the U.K. contribute significant revenue to the region.
Vis-à-vis revenue, however, Asia Pacific is anticipated to closely trail North America in the near future. Strong research and development activities, increasing adoption of modern therapeutic devices, and healthcare upgrades are fueling the airway management devices market in the region.. Advancement of healthcare infrastructure and increasing government support in emerging economies are some other factors fueling the airway management devices market in the region.
To gain a competitive edge, product development and strategic collaboration are key growth strategies adopted by top players in the airway management devices market. For example, in November 2015, Medtronic acquired Aircraft Medical. The acquisition was aimed to develop affordable handheld video laryngoscopes to aid anesthesiologists when intubating patients in critical care.
7 of 10 large enterprizes view our ToC to take the right decision.Get In Touch