The Airway Management Devices industry was 1.52 billion USD in 2017 and is projected to reach 2.10 billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.6% between 2017 and 2023. The market is driven by various end-user industries, such as OR & ICU.
The industry is less concentration, the key brand include Medtronic (Ireland), Smiths Medical (US), Teleflex (US), Ambu (US), KARL STORZ (Germany), Flexicare (US), Verathon (US), Olympus (Japan), Intersurgical (UK), SunMed (US), Vyaire Medical (US), and VBM Medizintechnik (Germany)..
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Airway Management Devices Market Research Report 2018 report released by QYResearch provides a basic overview of the Airway Management Devices industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Airway Management Devices industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
When a patient’s airway is at risk for obstruction or becomes obstructed, an artificial airway is inserted to maintain airway patency. Some common devices used for this purpose are endotracheal tubes and laryngeal mask airway, among others, such as Guedel airway, tracheostomy tubes, etc.
USA is the largest consumption area of Airway management devices industry, accounting for around 29% of global volume and 43% in terms of revenue.
Besides USA, Europe is the second largest consumption market, accounting for 37% of global revenue and 25% in terms of volume.
Leading manufacturers are Teleflex/LMA, Medtronic, Ambu and Intersurgical. Concentration rate of top 4 is 68% in 2015.
In general, the market concentration is relative high, as bulk purchase is the majority market status. Though the giants have occupied considerable market share, there are still a large quantity of manufacturers of Airway management devices with small capacity around the world.
Although sales of Airway management devices brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Airway management devices field.
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