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With 4.4% CAGR, Airway Management Devices Market Size to Hit USD 2.55 Billion by 2029

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Pune, India, April 05, 2023 (GLOBE NEWSWIRE) — The global airway management devices market size was valued at USD 1.81 billion in 2021 and is projected to reach a valuation of USD 1.89 billion in 2022. The market is expected to reach USD 2.55 billion by 2029 with a CAGR of 4.4% during the forecast period. Owing to rising cases of chronic diseases such as chronic obstructive pulmonary disease (COPD), cancer, chronic lung diseases, and others have put emphasis on better treatment of such conditions. Rising number of joint ventures and start-ups is projected to aid market development. Fortune Business Insights™ shares this information in its report titled “Airway Management Devices Market, 2022-2029.

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Key Industry Development

  • January 2022- Intersurgical Ltd announced the acquisition of Pulmodyne, Inc. to provide Intersurgical and for increased sales of the Pulmodyne ranges through the extensive global Intersurgical Ltd network.

Drivers and Restraints

Rising Number of Joint Ventures and Startups To Propel The Demand For Product

Rising number of joint ventures and startups in the industry are anticipated to drive the airway management devices market growth. Number of market players have been focusing on producing airway devices which are technologically advanced along with development of new R&D centers. Additionally, rising production by key players and approval from regulatory bodies for low-cost devices is expected to boost market growth. In April 2021, Medtronic launched the largest R&D center in India to launch new devices, advancing new technologies in surgical navigation and imaging, airway devices, ventilators, and many others.

However, complications such as regurgitation and aspiration of gastric contents, compression of vascular structures, trauma and nerve injury are expected to limit the market growth.

COVID-19 Impact:

Postponements of Non-Essential Surgeries During Pandemic Led to Decline in the Market Progress

The COVID-19 pandemic led to the decline in market growth for airway management devices in 2020. Various countries across faced challenges in accessing medical care and treatment due to postponements & de-prioritization of non-essential surgeries. In 2021, according to Centers for Disease Control and Prevention (CDC), the U.S. emergency department (ED) visits declined by 42% from for some time in 2020, after the declaration of a national emergency for COVID-19 pandemic. As per the estimates, ED visits from December 2020 to January 2021 were 25% lower than during the same months in 2019.

Segmentation

Infraglottic Devices To Lead With Rise in Chronic Respiratory Disorders

On the basis of type, the market is divided into infraglottic devices, supraglottic devices, laryngoscopes, and others. Infraglottic devices held the largest share in the year 2021 due to rise in the chronic respiratory disorders and adoption of such devices by healthcare providers in intensive care units.

Click here to get the short-term and long-term impact of COVID-19 on this market.

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Anesthesia To Lead The Segment Due To Rising Anesthetic Procedures

As per the application, the market is divided into anesthesia, emergency medicine, and others. Anesthesia segment due to rising global anesthetic procedures and rising chronic disorders requiring anesthetic intervention among the population.

Hospitals & Ambulatory Surgical Centers To Lead The Segment Due To Rising Number Of Hospitals

On the basis of end-user, the market is divided into hospitals & ambulatory surgical centers, homecare, and others. Hospitals & ambulatory surgical centers held the largest share in the year 2021 due to rising number of hospitals, especially in emerging countries. Homecare segment is set to have a considerable CAGR due to rising number of the geriatric population with chronic conditions and high adoption of homecare settings amongst the geriatric population.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

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Regional Insights

North America To Lead Market Share Due To Rise in the Number of R&D Activities

North America is expected to have a high part in the airway management devices market share due to rising R&D activities. Introduction of new technologies by the key players is set to drive the market growth. Increasing number of collaborations among manufacturers and rising approvals of new airway devices with extensive presence across the region further boosted the North American market.

Europe is the second largest region for the market in terms of revenue and share with increasing number of emergency hospital visits and inpatient admissions in hospitals owing to the high prevalence of chronic disorders among the population.
Asia Pacific market is expected to have the highest CAGR due to rising prevalence of respiratory disorders which has increased the demand for airway management devices.
Competitive Landscape

Teleflex Incorporated and Medline Industries, Inc. Entered into an Agreement

The market is consolidated with manufacturers such as Smiths Medical (ICU Medical), Teleflex Incorporated, and other prominent players. Market players have been focusing on rising collaborations & acquisitions owing to the high demand for these devices. In May 2021, Teleflex Incorporated and Medline Industries, Inc. signed an agreement for acquiring Teleflex Incorporated’s non-invasive ventilation products (ventilation support through the patient’s upper airway using a mask or similar device) and others. This will further boost the company’s financial flexibility for its growth strategy.

List of Key Players Profiled in the Market Report

  • Medtronic (Ireland)
  • Teleflex Incorporated (U.S.)
  • KARL STORZ SE & Co. KG (Germany)
  • ICU Medical (U.S.)
  • Convatec Group PLC (U.K.)
  • Ambu A/S (Denmark)
  • Intersurgical Ltd (U.K.)
  • VBM Medizintechnik GmbH (Germany)
  • VYAIRE MEDICAL INC. (U.S.)
  • Flexicare Medical Limited (U.K.)

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Table Of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Trends
  • Key Insights
    • Prevalence of Chronic Obstructive Pulmonary Disease, By Key Countries, 2020/2021
    • Prevalence of Asthma, By Key Countries, 2020/2021
    • New Product Launches, by Key Players
    • Key Industry Developments -Mergers, Partnerships, & Acquisitions
    • Impact of COVID-19 on Global Airway Management Devices Market
  • Global Airway Management Devices Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Infraglottic Airway Management Devices
        • Tracheostomy Tubes
        • Endotracheal Tubes (ETTS)
      • Supraglottic Airway Management Devices
        • Oropharyngeal Airways (OPAS)
        • Laryngeal Mask Airways (LMAS)
        • Nasopharyngeal Airways
      • Laryngoscopes
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Anesthesia
      • Emergency Medicine
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & ASC’s
      • Home Care
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Airway Management Devices Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Infraglottic Airway Management Devices
        • Tracheostomy Tubes
        • Endotracheal Tubes (ETTS)
      • Supraglottic Airway Management Devices
        • Oropharyngeal Airways (OPAS)
        • Laryngeal Mask Airways (LMAS)
        • Nasopharyngeal Airways
      • Laryngoscopes
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Anesthesia
      • Emergency Medicine
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & ASC’s
      • Home Care
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
        • By Application
      • Canada
        • By Application
  • Europe Airway Management Devices Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast – By Type
      • Infraglottic Airway Management Devices
        • Tracheostomy Tubes
        • Endotracheal Tubes (ETTS)
      • Supraglottic Airway Management Devices
        • Oropharyngeal Airways (OPAS)
        • Laryngeal Mask Airways (LMAS)
        • Nasopharyngeal Airways
      • Laryngoscopes
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Anesthesia
      • Emergency Medicine
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & ASC’s
      • Home Care
      • Others
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • Germany
        • By Application
      • Spain
        • By Application
      • France
        • By Application
      • Italy
        • By Application
      • U.K.
        • By Application
      • Rest of Europe
        • By Application

Toc Continue…

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Frequently Ask Question :

How much is the big airway management devices market ?

=> Fortune Business Insights says that the global market size was USD 1.81 billion in 2021 and is projected to reach USD 2.55 billion by 2029.

Who are the top players in this market?

=> Medtronic, Teleflex Incorporated & Smiths Medical (ICU Medical) are major players in the global market.

What are the key factors driving the market?

=> The rising prevalence of respiratory diseases and the increasing R&D for technologically advanced products across the globe are the key factors driving the market growth.

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Artificial Intelligence

Northern Data Group platform, Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas

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The location expands on an adjacent 300MW site, purchased in December 2023 The site comes with an ERCOT-approved interconnect of 300MWConstruction already underway, with long-lead time items secured and energization scheduled for early 2025FRANKFURT, Germany, May 24, 2024 /PRNewswire/ — Peak Mining, part of the Northern Data Group , announces the purchase of a second 300MW ERCOT-approved site in Corpus Christi, Texas. The location is adjacent to the 300MW mining facility that is already under construction. The site also provides energy in the attractive low-cost power zone of Load Zone South of the ERCOT grid, known for its abundance of renewable (wind) energy.

The investment represents a significant step forward in Northern Data Group’s investment strategy, cementing expansion plans well beyond the current 2024 financial year.
The new site enables Peak Mining to accelerate its expansion plans to become one of the largest bitcoin miners globally. The company will be deploying indoor, custom-designed, fully-integrated and liquid-cooled HPC data center systems to drastically improve deployment time and infrastructure cost, bringing Peak Mining to a leading position in the industry and preparing it for the future of HPC compute.
Saxet Infrastructure Group (“Saxet”) will act as construction manager for the design, build and energization of the substation. The Saxet team brings a strong track record of project management and deep expertise with the construction of HPC infrastructure.
Niek Beudeker, Managing Director of Northern Data Group Platform, Peak Mining, commented:
“The purchase of this second large site will significantly shorten our time to hashing and kick off one of the fastest mining expansions globally. We now have almost 700MW of sites in active development, that when fully fitted with our latest-generation hardware, could potentially provide up to 40EH of hash rate.”
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This second data center location demonstrates how Northern Data Group is able to harness the power and opportunity of HPC. Sustainability has been at the core of this further expansion into the US and thanks to the center’s ERCOT approved status, we will be able to scale our operations at speed, as the demand for digital assets continues to grow.”
Steven Quisenberry, Chief Executive Officer at Saxet Infrastructure Group, commented: 
We are excited to support Northern Data Group’s expansion in the ERCOT market and specifically to welcome them to the Corpus Christi area.  The combination of base load industrial demand and significant renewable resources creates a unique opportunity for their portfolio.  This is a terrific example of one of the largest, most advanced liquid cooled data centers in North America and we are proud to partner with Northern Data Group to bring their data center online.
Northern Data Group was advised on the transaction by Katten Muchin Rosenman LLP (Legal Counsel) and BitOoda Technologies LLC.
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the blockchain network.  We deliver industry-leading operating and energy efficiency in bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to power the mining network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.  

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Artificial Intelligence

Omnicom Media Group Expands Its Partnership with Lumen, Further Advancing Attention-Based Planning Capabilities Across Its Regions

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LONDON, May 24, 2024 /PRNewswire/ — Omnicom Media Group (OMG) the media services division of leading global marketing and corporate communications holding company Omnicom Group Inc (NYSE: OMC) is expanding its market intelligence relationship with leading attention research company Lumen to now include data integration.

Under the terms of the agreement, attention data from the Lumen’s Attention Measurement Platform – which includes expected average viewing time and attentive seconds per thousand impressions – will be integrated into channel planning tools and processes within Omni, the open operating system that supports all Omnicom agencies. The addition of the Lumen attention benchmarks further advances OMG’s industry-leading attention-based planning capabilities, adding additional depth and breadth of insights to the existing attention datasets within Omni that enable attention to be leveraged as a KPI for media decisioning and creative optimization across OMG agencies OMD, PHD and Hearts & Science.
Over the past eight years, OMG has partnered with Lumen and other leading experts in attention measurement on hundreds of studies involving over 640,000 individuals worldwide, collecting nuanced attention benchmarks that offer invaluable insight into how content is consumed across various devices, channels, platforms, and formats. Activated within Omni, these datasets have enabled more precise channel selection tailored to the attention needs of individual campaigns.
“With the addition of the Lumen data, planning teams across OMG will have greater visibility into the attention value that each channel and format generates for their clients, ensuring optimal delivery of the right level of attention based on brand, brief and budget,” says OMG EMEA CEO Dan Clays.
Adds Mike Follett, CEO of Lumen, “The combination of Lumen’s attention data with OMG’s best-in-class Omni channel planning capabilities translates to a significant leap forward in leveraging attention to drive better outcomes for marketers.” 
About Omnicom Media Group  Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE: OMC), delivers transformational experiences for consumers, clients, and talent. Powered by the Omni marketing orchestration system, OMG connects best-in-class capabilities that enable our full-service media agencies OMD, PHD and Hearts & Science to deliver more relevant and actionable consumer experiences; more productive and proactive client experiences; and more collaborative and rewarding talent experiences for the more than 24,000 people serving the world’s leading brands in OMG agencies around the globe.
About Lumen ResearchLumen is the world’s leading attention technology company, with large-scale biometric datasets based on real-world and predictive eye-tracking technology that helps brands and agencies plan, buy and optimise media campaigns on the basis of human attention with creative, programmatic, and measurement solutions. Founded in 2013, Lumen is headquartered in London with offices in New York and LA.

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Artificial Intelligence

Picus Security Launches Security Validation for Kubernetes

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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.

For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.* 
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive. 
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
Logo: https://mma.prnewswire.com/media/2183222/4724563/Picus_Logo.jpg

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