Brief Overview:
The global airway management market report, as discussed in detail by Market Research Future (MRFR) in their report, discloses possibilities of the market reaching a substantial USD 1764.47 million with a 5.2% CAGR over the forecast period (2019-2025).
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Airway management system relies on detailed maneuvers and medical procedures that are necessary to prevent and, if needed, relieve airway obstruction. The process tries to establish a connection between a patient's lungs and the atmosphere to provide relief. Various factors are impacting the global airway management market and MRFR tried to analyse them in their latest report. These are the rising instances of chronic obstructive pulmonary diseases, adoption of advanced technologies with substantial takers, increasing initiatives to make people and various organizations aware of the needs of these advanced systems, and surge in traffic accidents that require immediate relief. Technological advancement is playing a crucial role in deciding the future of the market as several companies are looking at it as an advantageous factor that could lift their market prospect.
However, the risk associated with dealing neonatal cases is substantial. Also, the lack in expert hands to operate such complicated devices can curb the airway management market prospect.
Segmentation:
MRFR’s take on the Airway Management Devices Market Companies 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.
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS
FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL AIRWAY MANAGEMENT MARKETMARKET
FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL AIRWAY MANAGEMENT MARKETMARKET
FIGURE 4 GLOBAL AIRWAY MANAGEMENT MARKETMARKET SHARE, BY PRODUCT TYPE, 2020 (%)
FIGURE 5 GLOBAL AIRWAY MANAGEMENT MARKETMARKET SHARE, BY TECHNIQUES, 2020 (%)
FIGURE 6 GLOBAL AIRWAY MANAGEMENT MARKETMARKET SHARE, BY APPLICATION, 2020 (%)
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