Airway Management Device Market - Global Market Size, Share, Trend, Market Growth, Analysis And Industry Forecasts to 2025
According to the latest report published by Credence Research, Inc. “ Airway Management Device Market - Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global airway management device market was valued at US$ 1.17 Bn in 2016, and is expected to reach US$ 2.2 Bn by 2025, expanding at a CAGR of 7.1% from 2017 to 2025. Market Insights The airway management devices are essential for the treatment of any acute or chronic respiratory issues. Obstructed airways may result in fatality if not treated within time. Rising trend of respiratory diseases due to change in climate, pollution and tobacco is the major driving force of the airway management device market. As per the information provided by World Health Organization (WHO), around 235 million people globally are affected with Asthma and 3 million people die from chronic obstructive pulmonary disease (COPD). The statistics clearly shows the necessity of treatment by airway management device which is in rising trend