According to TechSci Research report, “Endotracheal Tube Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Endotracheal Tube Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the growing number of key players enhancing their product portfolio through increasing launches and approvals of advanced and efficient endotracheal tubes. Also, manufacturers are focusing on the development of innovative endotracheal tubes to prevent hospital-acquired infections to enhance the demand for the Global Endotracheal Tube Market during the forecast period. Similarly, the increasing prevalence of hospital-acquired infections such as ventilator-associated pneumonia is expected to create lucrative growth over the years. Additionally, the growing number of surgical procedures along with the increasing incidence of chronic diseases such as cancer, cardiovascular diseases, and other respiratory diseases are the major factors driving the growth of the market over the years.
However, the high cost of endotracheal tubes can limit their adoption, particularly in developing countries with limited healthcare budgets. Also, alternative airway management devices such as supraglottic airway devices, which are less invasive and easier to use, are becoming increasingly popular. This may lead to a decline in demand for endotracheal tubes. Similarly, a lack of trained healthcare providers and stringent regulatory requirements in many countries can limit innovation and competition in the market.
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Endotracheal Tube Market can be segmented by product type, route type, application, end use and region.
Based on the Product Type, the Global Endotracheal Tube Market can be segmented into regular endotracheal tube, reinforced endotracheal tube, preformed endotracheal tube, and double-lumen endotracheal tube. The reinforced endotracheal tube dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing surgeries related to neurosurgeries and facial surgeries along with the growing application of these tubes in the medical field. Also, the rising incidence of road accidents and trauma injuries along with increasing surgeries across the globe is expected to create lucrative growth during the forecast period.
Based on end users, the market can be grouped into clinics, hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to dominate during the forecast period on account of the increasing prevalence of respiratory chronic diseases and rising awareness pertaining to the benefits of clinics as well as fair reimbursement policies. Also, growing healthcare expenditures along with the growing number of hospitals in developing nations is the major factor driving the growth of the market over the years.
Major companies operating in the Global Endotracheal Tube market are:
· Angiplast Ltd.
· Advin Health Care.
· Sterimed Group.
· ICU Medical Inc.
· Medtronic Inc.
· Van Oostveen Medical B.V.
· Teleflex Incorporated.
· Convatec Inc.
· Fuji Systems Corporation.
· Sewoon Medical Co Ltd.
· Mercury Enterprises, Inc.
· Hollister Incorporated.
· Well Lead Medical Co Ltd.
· Viggo Medical Devices.
· Medline Industries Inc.
In April 2020, Hydromer teamed up with N8 Medical to become the official coating and manufacturing partner for the CeraShield Endotracheal Tube which is used to treat mechanically ventilated COVID-19 patients across Canada.
In August 2020, Bactiguards endotracheal tubes for the prevention of COVID-19 infection received approval from Health Canada under an Interim Order. In critically ill patients, the innovative gadget aided in the reduction of secondary infection risks.
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“North America is expected to dominate in the Global Endotracheal Tube Market on account due to the advanced healthcare system and increasing chronic diseases prevalence in the region. Similarly, the growing number of market players along with an increasing geriatric population is expected to create lucrative growth in the market during the forecast period. Also, the growing number of surgeries due to cardiovascular diseases will further increase the demand for endotracheal tubes and drive the growth of the market during the forecast period. Furthermore, growing low-cost services and increase in clinical trials along with multinational businesses are making significant research and development investments to tap untapped markets will further be expected to create lucrative opportunities for market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Endotracheal Tube Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” Segmented By Product Type (Regular Endotracheal Tube, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double-Lumen Endotracheal Tube), By Route Type (Orotracheal, Nasotracheal), By Application (Emergency Treatment, Therapy, Others), By End Use (Clinics, Hospitals, Ambulatory Surgical Centers, Others), By Region and By Competition”, has evaluated the future growth potential of global Endotracheal Tube market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Endotracheal Tube market.
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