Airway Management Devices Market Skyrockets: Projected Valuation of US$ 2.2 Billion by 2033

Oct 08, 2023

The airway management devices market is anticipated to be worth US$ 1.6 billion in 2023 and to grow at a 3.6% CAGR to US$ 2.2 billion by 2033.

The rising frequency of respiratory disorders is expected to be one of the market’s key driving forces. The WHO estimates that 65 million people have moderate-to-severe COPD. Furthermore, COPD is expected to be the third biggest cause of death globally.

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This high incidence, combined with an increase in anaesthetic consumption as a result of many surgeries, is likely to drive demand for advanced equipment, positively impacting the overall market growth. The growing demand for emergency treatment for long-term illnesses, as well as long-term therapy for lung disorders in children and adults, is also anticipated to fuel market expansion.

In the current scenario, growing awareness of inadequate ventilation and the introduction of relatively advanced procedures for preoperative airway examination are projected to broaden the possibility for product penetration in the future years. Preoperative Endoscopic Airway Evaluation (PEAE), for example, aids in the identification and prediction of blocked ventilation, as well as the design of an effective management strategy that focuses on the use of advanced equipment like supraglottic airway.

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