South & Central America Airway Management Devices Market

The airway management devices market in South & Central America is expected to grow from US$ 97.52 million in 2022 to US$ 141.70 million by 2028. It is estimated to grow at a CAGR of 6.4% from 2022 to 2028.

Extending Research and Development Activities and Collaborations Among Market Players

Medical device research and development are considered highly capital-intensive and fraught with enormous risks. R&D is an essential step, after which the best ideas are converted into the best products. A thriving R&D ecosystem can become the perfect nurturing ground for developing competitive and top-of-the-line products, from conceiving an ideal product design to new product development, prototyping, validation, and testing. To produce innovative products, MedTech companies are investing a huge part of revenue in R&D. With a continued focus on developing and commercializing new, innovative products and solutions, the company aims to improve patient outcomes, help physicians and providers better manage chronic disease, and lower healthcare costs. Furthermore, there have been several strategic collaborations among market players to share resources such as research, manufacturing, design, and technology for developing new and innovative products in the market. The market players are mostly involved in joint ventures, partnerships, and mergers & acquisitions, which is likely to promote market growth. A few strategic initiatives taken by the market players are given below. Further, in May 2021, Teleflex entered into a definitive agreement to sell certain product lines within the global respiratory product portfolio to Medline Industries Inc. Similarly, In May 2021, Medline signed a definitive agreement to acquire select assets under the Hudson RCI brand of Teleflex’s Respiratory business. Thus, all the above-mentioned factors are expected to promote the growth of airway management devices market in the near future.

Market Overview

The South & Central America airway management devices market is segmented into Argentina, Brazil, and the Rest of South & Central America. The South & Central America airway management devices market is expected to grow at a CAGR of 6.4% during the forecast period. The market growth is attributed to the growing aging population, the flourishing demand for airway management devices, and the rising initiatives by major players operating in the medical device industry. Furthermore, the rising prevalence of respiratory diseases that demand airway management devices is one of the factors contributing to the market growth.

South & Central America Airway Management Devices Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Airway Management Devices Strategic Insights

Strategic insights for the South & Central America Airway Management Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South & Central America Airway Management Devices Report Scope

South & Central America Airway Management Devices Regional Insights

The geographic scope of the South & Central America Airway Management Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

South & Central America Airway Management Devices Market Segmentation

The South & Central America airway management devices market is segmented into product, end user, and country.

Based on product, the market is segmented into infraglottic devices, supraglottic devices, laryngoscopes, resuscitators, and others. The infraglottic devices segment registered the largest market share in 2022.

Based on end user, the market is categorized into hospitals, ambulatory surgical care centers, and others. The hospitals segment held the largest market share in 2022.

Based on country, the market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2022.

Teleflex Incorporated; Smiths Medical; Medtronic; Intersurgical Ltd; Medline Industries, Inc.; Koninklijke Philips N.V.; and ARMSTRONG MEDICAL are among the leading companies operating in the airway management devices market in the region.