Endotracheal Tube Market Outlook 2031
The endotracheal tube market size was USD 1.82 Billion in 2022 and is anticipated to reach USD 3.13 Billion by 2031 expand at a substantial CAGR 6.2% during the forecast period, between 2023 to 2031. A flexible plastic tube called an endotracheal tube is implanted into the trachea through the mouth. During surgeries, they are used to provide anaesthetic, avoid pulmonary aspiration, and maintain airway pressure.
The majority of endotracheal tubes are made of polyvinyl chloride, whereas those that have unique criteria are made of latex rubber, silicone rubber, or stainless steel. Endotracheal tubes come in a variety of shapes and sizes and are used according to a patient's demands and medical condition.
Endotracheal Tube Market Trends, Drivers, Restraints, and Opportunities:
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Rising prevalence of chronic conditions such as respiratory diseases, cardiovascular diseases, cancer, and other lung injuries is expected to drive the market.
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Rising incidence of ventilator-associated pneumonia, which affects 8-28% of critically sick patients undergoing mechanical ventilation, and growing geriatric population, is projected to fuel the market.
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The significant risk of post-surgical complications following endotracheal intubation, as well as a scarcity of competent experts, is estimated to hinder the market growth.
Scope of the Endotracheal Tube Market Report:
The report on the global endotracheal tube market includes an assessment of the market, size, share, trends, segments, and regional markets. The study includes an overview as well as dynamics.
Attributes
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Details
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Report Title
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Endotracheal Tube Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Product Type (Regular Endotracheal Tube, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, and Double lumen Endotracheal Tube) Route Type (Orotracheal and Nasotracheal), Applications (Emergency Treatment, Therapy, and Others), End-Users (Hospitals, Clinics, Ambulatory Surgical Centers, and Others)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Airway Innovations, LLC, ARMSTRONG MEDICAL, ConvaTec Inc, Flexicare (Group) Limited, Medline Industries, Medtronic, Romsons, Smiths GROUP, Teleflex Incorporated, Venner Medical
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The Global Endotracheal Tube Market Segment Insights:
The regular endotracheal tube segment holds the significant the market share
In terms of product types, the global endotracheal tube market is segmented into the regular endotracheal tube, reinforced endotracheal tube, preformed endotracheal tube, and double-lumen endotracheal tube. The regular endotracheal tube segment holds a significant market share due to increasing number of surgical procedures owing to the rising prevalence of respiratory diseases.
Furthermore, as the number of VAP cases rises, the regular endotracheal tubes demand is likely to rise significantly during the projected period. The reinforced endotracheal tube segment is projected to grow during the projected period owing to new technological developments and rising use in surgery.
The emergency treatment has a substantial market share due to the increasing incidence of emergency conditions
Based on applications, the global endotracheal tube market is segmented into emergency treatment, therapy, and others. The emergency treatment segment holds a substantial market share due to rising prevalence of emergency disorders such as cardiac arrest, respiratory disease, emergency treatment, airway blockage, and ventilation.
The growth of segment is fueled by traffic accidents and increased disposable incomes in developing countries. The therapeutic segment is estimated to develop at a significant rate during the forecast period.
The clinics' segment had a significant market share and is expected to grow significantly in the forecast period
On the basis of end-users, the global endotracheal tube market is segmented into hospitals, clinics, and ambulatory surgical centers. The clinics segment is projected to hold major market share. The rising prevalence of chronic respiratory disorders, increased awareness of clinic benefits, and a fair reimbursement policy drives the market.
Asia-Pacific is expected to increase at the substantial rate
On the basis of regions, the global endotracheal tube market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds a significant market share due to advanced healthcare system and increasing chronic diseases in the country. Furthermore, the existence of major players contributed to the market expansion.
Asia-Pacific is expected to dominate the market over the projected period. Endotracheal tubes are expected to be in higher demand in the region as the senior population grows, causing respiratory problems, pneumonia, and an increase in the number of surgeries owing to chronic cardiovascular disease.
Segments
Product Types
- Regular Endotracheal Tube
- Reinforced Endotracheal Tube
- Preformed Endotracheal Tube
- Double lumen Endotracheal Tube
Route Types
Applications
- Emergency Treatment
- Therapy
- Others
End-Users
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Airway Innovations, LLC
- ARMSTRONG MEDICAL
- ConvaTec Inc
- Flexicare (Group) Limited
- Medline Industries
- Medtronic
- Romsons
- Smiths GROUP
- Teleflex Incorporated
- Venner Medical
Competitive Landscape
Key players in the global endotracheal tube market include Airway Innovations, LLC, ARMSTRONG MEDICAL, ConvaTec Inc, Flexicare (Group) Limited, Medline Industries, Medtronic, Romsons, Smiths GROUP, Teleflex Incorporated, Venner Medical.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.