The airway management devices market in Europe is expected to grow from US$ 508.81 million in 2022 to US$ 762.14 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
Rising Prevalence of Respiratory Disorders
Chronic respiratory diseases are among the most prevalent noncommunicable diseases worldwide due to the increase in the noxious environment and occupational and behavioral inhalation. This spectrum of diseases includes chronic obstructive pulmonary disease (COPD), asthma, interstitial lung disease, pulmonary sarcoidosis, and pneumoconiosis (such as silicosis and asbestosis). According to the World Health Organization (WHO), COPD is the third leading cause of death. The National Health Service states that ~1.17 million people in the UK were diagnosed with COPD in 2021, i.e., ~1.9% of the total population. The rising prevalence of respiratory disorders is driving the demand for airway management devices. Additionally, there is a constant surge in the number of hospitals, ambulatory surgical centers, intensive care units, and clinics, creating the demand for airway management devices. Various organizations and government bodies are collaborating to increase awareness among a large population and manage chronic disorders. Government authorities and healthcare institutions are implementing various programs to increase asthma awareness to prevent morbidity from the disease. The program is dedicated to conducting asthma surveillance and research to deal with the disease. Additionally, Airway Collaborative is an education program designed to provide medical professionals with knowledge about incorporating airway treatment into practice and healing airway dysfunctions. Thus, the factors mentioned above are driving the airway management devices market.
Market Overview
The European airway management devices market is divided into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Countries such as Germany and France are expected to be the most significant contributors to the airway management devices market due to rising COPD cases. In comparison, countries such as the UK and Italy are estimated to be the fastest-growing countries in the market as the countries offer the best healthcare facilities in the region. On the other hand, Italy is expected to have growth opportunities for the market, owing to the rising healthcare expenditure.
Europe Airway Management Devices Market Revenue and Forecast to 2028 (US$ Million)
Europe Airway Management Devices Market Segmentation
The Europe airway management devices market is segmented into product and end user.
Teleflex Incorporated; Smiths Medical; Medtronic; Intersurgical Ltd; Ambu A/S; Medline Industries, Inc.; Koninklijke Philips N.V.; ARMSTRONG MEDICAL; and Cook Medical LLC are among the leading companies operating in the airway management devices market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 508.81 Million |
| Market Size by 2028 | US$ 762.14 Million |
| CAGR (2022 - 2028) | 7.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Airway Management Devices Market is valued at US$ 508.81 Million in 2022, it is projected to reach US$ 762.14 Million by 2028.
As per our report Europe Airway Management Devices Market, the market size is valued at US$ 508.81 Million in 2022, projecting it to reach US$ 762.14 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The Europe Airway Management Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Airway Management Devices Market report:
The Europe Airway Management Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Airway Management Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Airway Management Devices Market value chain can benefit from the information contained in a comprehensive market report.
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