Endotracheal Tube Market to be Dominated by Reinforced Endotracheal Tubes Through 2028.
The increasing prevalence of
respiratory diseases is expected to drive the growth of Global in Endotracheal
Tube during the forecast period, 2024-2028.
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.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global
Endotracheal Tube Market.”
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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