North America Expected to Hold High Revenue Share in the Global Airway Management Devices Market Through 2028

According to the latest research by the company, the global airway management devices market is expected to be valued at US$ 1,816.8 Mn, by 2028 end. The report on the airway management devices market further projects significant growth potential with average year-on-year growth rate pegged at 3.2% through 2028.
The high demand for airway management devices in anesthesia administration is the major factor expected to drive the growth of airway management devices market. Likewise, advancement in pediatric airway management devices is expected to favor the growth of the airway management devices market over the forecast period. Products such as ‘Classic laryngeal mask airway’ and ‘proseal LMA’ are gaining traction in the market for pediatric airway management. Classic LMA has 95–98% efficiency in achieving adequate ventilation in children. The key market players are focusing on making acquisitions and mergers with other players, which is expected to create lucrative growth opportunities for the manufacturers of airway management devices.
In November 2015, Medtronic Plc. completed the acquisition of Aircraft Medical to expand the endotracheal tubes portfolio. Also, the growing adoption of disposable laryngeal masks in pre-hospital settings is also expected to favor the growth of the airway management devices market over the forecast period. The introduction of single/double-lumen endobronchial tube with camera is expected to create a growth opportunity for the airway management devices market. For instance, Ambu A/S offers VivaSight-DL double lumen tube with an integrated high-resolution camera, which makes placement of double lumen tube fast and effective. VivaSight-DL offers continuous visual monitoring throughout the procedure.
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However, complications and limitations associated with airway management devices are expected to impact the growth of the airway management devices market. Moreover, product recalls and safety issues associated with airway management devices are the other factors that are expected to hamper the growth of the airway management devices market.
The company has segmented the global airway management devices market based on product type, usage type, end user and regions. Based on product type, the airway management devices market is segmented into laryngeal masks, tracheostomy tubes, endotracheal tubes, endobronchial tubes, nasal airway tubes, and oral airway tubes. The endobronchial tubes segment is expected to contribute high revenue share in global airway management devices market.
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