The global airway management devices market is projected to reach USD 2.10 billion by 2023 from an estimated USD 1.60 billion in 2018 at a CAGR of 5.6%. The airway management devices market is consolidated in nature and the top three players dominated the market. In 2017, the global airway management devices market was dominated by Medtronic (Ireland), Smiths Medical (US), and Teleflex (US). Players implemented various strategies to expand their global footprint and share in the airway management devices market such as acquisitions and product launches.
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In 2017, Medtronic (Ireland) ranked first in the airway management devices market. In the field of airway management, the company offers an extensive range of airway management devices including laryngeal mask airways, endotracheal tubes, laryngoscopes, and stylets. Medtronic has a strong presence in the US, Puerto Rico, Brazil, Canada, Costa Rica, Denmark, the Dominican Republic, France, Germany, India, Israel, Italy, Japan, Malaysia, Mexico, the Netherlands, the People’s Republic of China, Singapore, South Korea, Switzerland, Thailand, Turkey, Vietnam, and the UK. The company focuses on inorganic growth strategies such as acquisitions in order to maintain its position in the market. For instance, in 2015, Medtronic acquired Covidien for USD 49.9 billion to expand and strengthen its product portfolio and enhance its sales capabilities in the US.
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Smiths Medical (US) ranked second in the airway management devices market in 2017. In the field of airway management, the company offers devices such as endotracheal tubes and laryngeal masks with Soft-Seal cuffs and laryngoscopes. The company focuses on partnerships to strengthen its position in the market. With a diversified product portfolio, wide geographical reach, and focus on organic and inorganic strategies, the company has succeeded in creating a strong foothold in the airway management devices market. For instance, in 2017, the company launched its aerFree Airway Management System.
Some of the other players competing in this market are Teleflex (US), Ambu (US), KARL STORZ (Germany), Flexicare (US), Verathon (US), Olympus (Japan), Intersurgical (UK), SunMed (US), Vyaire Medical (US), and VBM Medizintechnik (Germany).