Global Airway Management Devices Market Poised for Continued Growth

https://www.marketsandmarkets.com/Market-Reports/airway-management-device-market-116806061.html

The airway management devices market is projected to reach USD 2.5 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 5.8% during the forecast period. Airway management devices market is majorly driven by the increasing prevalence of chronic respiratory diseases such as COPD and asthma and surge in the number of patients requiring intensive and emergency care. Moreover, presence of favorable reimbursement coverage across developed countries, and the high incidence of pre-term births, increasing public and private investments for the development of healthcare infrastructure, and rising geriatric population is supporting the market growth.

Rising demand for single-use airway management devices and significant growth potential in emerging countries for airway management therapies present lucrative growth opportunities for the vendors in the market. On the other hand, lack of skilled professionals, adverse effects of certain devices on neonates, increasing pricing pressure on market players and lack of reimbursement policies across emerging countries are expected to hamper the growth of this market during the forecast period.