TMRR, in its recent market report, suggests that the Airway Management Devices market report is set to exceed US$ xx Mn/Bn by 2029. The report finds that the Airway Management Devices market registered ~US$ xx Mn/Bn in 2018 and is spectated to grow at a healthy CAGR over the foreseeable period. This Airway Management Devices market study considers 2018 as the base year, 2019 as the estimated year, and 2019 – 2029 as the forecast timeframe.
The Airway Management Devices market research focuses on the market structure and various factors (positive and negative) affecting the growth of the market. The study encloses a precise evaluation of the Airway Management Devices market, including growth rate, current scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses. In addition, the Airway Management Devices market study provides reliable and authentic projections regarding the technical jargon.
Important regions covered in the Airway Management Devices market research include Region 1 (Country 1, country 2), Region 2 (Country 1, country 2), Region 3 (Country 1, country 2) and Region 4 (Country 1, country 2).
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The Airway Management Devices market study answers critical questions including:
- What tactics are being utilized by the Airway Management Devices market players to expand their production footprint in region?
- What are the threats faced by players in the global Airway Management Devices market mutually?
- Why region holds the majority of share in the global Airway Management Devices market?
- Why segment has the largest consumption in region?
- Which industries remain the leading consumers of the Airway Management Devices across the globe?
The content of the Airway Management Devices market report includes the following insights:
- Growth outlook of the global Airway Management Devices market in terms of value and volume
- Strategies utilized by different Airway Management Devices market players.
- Drivers, restraints, opportunities and trends (DROT Analysis) impacting the growth prospect for the Airway Management Devices over the forecast period.
- End use consumption of the Airway Management Devices across various regions.
- Identify the ecological impacts of the Airway Management Devices and what regulations are being imposed on its usage.
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On the basis of component, the global Airway Management Devices market report covers the following segments:
The rising prevalence of various types of respiratory diseases, particularly Chronic Obstructive Pulmonary Disease (COPD), and associated morbidity and mortality worldwide is a key factor driving the airway management devices market. A growing number of patients undergoing anesthesia before surgical procedures need continued ventilation, stimulating the uptake of airway management devices.
Constant advances in endotracheal intubation in clinical practice has boosted the airway management devices market. The growing number of cases of children suffering with various lung diseases has propelled the demand for airway management devices. Increasing awareness related to the need for airway ventilation in preoperative settings and the advent of devices with enhanced success rate in emergency care are expected to open up exciting opportunities for market players.
Global Airway Management Devices Market: Market Potential
Royal Philips, a major Dutch company delivering healthcare technology solutions, announced in May 23, 2017 that it has inked a deal with RespirTech, which will help the company to consolidate its presence in respiratory care. The Minnesota-based company provides airway management devices for patients suffering from chronic respiratory conditions, such as COPD, cystic fibrosis, and bronchiectasis. The portfolio sold to Philips shall include a clinical support program aimed at providing respiratory care for patients at home settings. Further, the company said this will further add to its other service plans for respiratory care. One of the key offerings of RespirTech is inCourage Airway Clearance Therapy, a vest device to help patients in respiration at home. The vest therapy can be successfully applied in clearing airways for a wide range of respiratory conditions and neuromuscular diseases. The solution is helpful to patients whose abilities to cough are severely compromised and further help them avoid serious respiratory complications. RespirTech also produces ClearChest, a single patient-use comfort vest and bands intended for hospital settings. The contract will enable Royal Philips to make airway management easier and more effective for patients at home settings and will help in treating respiratory conditions. Such strategic mergers bode well for the airway management devices market as these will be helpful in improving patient outcomes.
Global Airway Management Devices Market: Regional Outlook
Geographically, North America is one of the major markets for airway management devices. The growth in the regional market is driven by substantial governmental initiatives and stricter implementation of clinical guidelines by healthcare organizations for proper ventilation and management of airways of patients. The growing prevalence of various respiratory conditions indicating blocked airways and constant device innovations by medical device manufacturers to improve clinical guidelines are expected to fuel this regional market. On the other hand, Asia Pacific is expected to offer lucrative avenues to market players. The impressive growth of the regional market is attributed to the emergence of countries, such as China and India, acting as cheap manufacturing hubs and intensive R&D funding across the region.
Global Airway Management Devices Market: Competitive Analysis
Several companies are opting for strategic collaborations and investing into product development activities. Leading players are developing innovative products and making mergers and acquisitions to gain a competitive edge over others. Major players vying for a significant share in the airway management devices market are Medline Industries, Smiths Medical, Ambu A/S, Teleflex Incorporated, Mercury Medical, Intersurgical, and Medtronic.
All the players running in the global Airway Management Devices market are elaborated thoroughly in the Airway Management Devices market report on the basis of R&D developments, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines, legal policies, and comparative analysis between the leading and emerging Airway Management Devices market players.
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