Airway Management Devices Market is Estimated to Witness High Growth

Airway management devices are medical instruments that help to establish a clear airway and ensure adequate ventilation during medical procedures or emergencies. Some key products in this market include laryngeal mask airways, tracheal tubes, oral airways, nasal airways, and supraglottic airway devices. Supraglottic airway devices are gaining popularity due to benefits like ease of insertion relative to endotracheal tubes and minimal skills requirement.

Market Opportunity:

The expanding adoption of supraglottic airway devices represents a major growth opportunity in the airway management devices market. Supraglottic airway devices are simple to use as they do not require complex intubation skills. They also have a low risk of trauma and fewer hemodynamic changes as compared to endotracheal tubes. With rising popularity of ambulatory surgery and increasing number of emergency procedures performed outside the operation room, the ease of use of supraglottic devices is driving their preference over conventional endotracheal tubes. Additionally, several new product launches with additional features like drain ports for passive suctioning and gastric access are further enhancing the appeal of supraglottic devices. As awareness regarding benefits of supraglottic devices increases among medical professionals, their adoption is expected to witness high growth over the forecast period.

Porter’s Analysis

Threat of new entrants: New entrants in the airway management devices market face high entry barriers. High R&D costs and regulatory compliance make market entry challenging.

Bargaining power of buyers: Buyers have moderate bargaining power. The presence of substitutes provides options but specialized needs give suppliers some power.

Bargaining power of suppliers: A few large suppliers of key materials exist. Supplier concentration gives them some power though development collaboration mitigates it.

Threat of new substitutes: Substitute technologies continue to emerge but have not replaced core airway devices yet due to clinical validation requirements and changed medical practices.

Competitive rivalry: The market is moderately competitive with large global players and regional specialists vying for market share through innovation and product range expansion into related areas.

SWOT Analysis

Strengths: Established brands, product breadth, distribution Scale. Specialized R&D and FDA approval expertise.

Weaknesses: High fixed costs, capital intensity. Dependence on reimbursement policies.

Opportunities: Emerging markets growth. Adjacent areas like ventilation and gastric management.

Threats: Regulatory compliance costs. Technology disruption or substitutes. Intense competition on pricing.

Key Takeaways

The Global Airway Management Devices Market Size is expected to witness high growth over the forecast period of 2023-2030. The global Airway Management Devices Market is estimated to be valued at US$ 1949.53 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023-2030.

North America is dominating the market currently due to increased demand from developed countries like United States and Canada. Factors like growing prevalence of chronic diseases, rising geriatric population, increase in number of surgeries are expected to boost the demand in the region.

Europe is the second largest regional market for airway management devices due to developed healthcare infrastructure and availability of reimbursement for critical care devices. Asia Pacific region provides lucrative opportunities for key players due to growing healthcare expenditures in emerging countries like China and India.

Key players operating in the airway management devices market are Cargill, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Associated British Foods (ABF), Tate & Lyle, Agrana Beteiligungs AG, The Scoular Company, Grain Processing Corporation (GPC), Didion Milling. These players are focused on new product launches, acquisitions and strengthening their distribution networks to gain higher market shares.

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