Global Endotracheal Tubes Market Report 2024: Size, Drivers, And Top Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The endotracheal tubes market size has experienced steady growth in recent years, expected to grow from $0.76 billion in 2023 to $0.80 billion in 2024, at a CAGR of 4.6%. This growth during the historical period can be attributed to advances in anesthesia and critical care practices, increased incidence of respiratory diseases, an increase in surgical procedures, the development of improved tube materials, rising awareness of airway management, expansion of emergency medical services, and technological innovations in medical devices. The market is projected to reach $0.96 billion by 2028, with a CAGR of 4.7%. The expected growth in the coming years is driven by rising global healthcare expenditures, an increasing prevalence of chronic respiratory conditions, the expansion of healthcare infrastructure in emerging markets, a growing number of surgical procedures, advancements in tube design and materials, and a heightened focus on patient safety and airway management. Major trends anticipated in the forecast period include a surge in demand for advanced, disposable endotracheal tubes, growing use of smart and integrated airway management technologies, increased preference for cuffed and reinforced tubes, a rise in personalized and patient-specific tube designs, the expansion of telemedicine and remote monitoring capabilities, an emphasis on reducing infection rates and improving tube hygiene, and the development of biocompatible and environmentally friendly tube materials.
The rising prevalence of chronic respiratory diseases is expected to drive the growth of the endotracheal tubes market in the coming years. This increase is attributed to factors such as higher pollution levels, smoking habits, and an aging population. Endotracheal tubes are employed in respiratory disease cases to secure the airway and provide mechanical ventilation for patients with compromised breathing or airway obstruction. For instance, in June 2024, the Australian Institute of Health and Welfare, an Australia-based health and welfare agency, estimated that approximately 8.5 million people in Australia, or 34% of the population, were affected by chronic respiratory conditions. This includes around 2.8 million people, or 11% of the population, living with asthma, and 638,000 people, or 2.5% of the population, diagnosed with chronic obstructive pulmonary disease (COPD). Thus, the rising prevalence of respiratory diseases is a significant driver of growth in the endotracheal tubes market.
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What Are The Key Trends That Influence Endotracheal Tubes Market Share Analysis?
Major companies in the endotracheal tubes market are focusing on developing innovative products, such as endotracheal tubes with a sampling port. An endotracheal tube with a sampling port is a medical device used to maintain an open airway while allowing the collection of respiratory samples through an integrated port. For example, in November 2022, MILA International Inc., a US-based veterinary medical equipment company, introduced an endotracheal tube with a sampling port. This new product enhances the delivery of anesthetic gases and simplifies airway sampling for large animals without disconnecting the ventilation system, thereby improving the efficiency and effectiveness of veterinary anesthesia and respiratory care.
Which Market Players Are Driving Growth In The Endotracheal Tubes Market?
Major companies operating in the endotracheal tubes market are Medtronic plc, Medline Industries LP, Teleflex Incorporated, Convatec Group plc, Armstrong Medical Ltd., Vygon SAS, Hollister Incorporated, Well Lead Medical Co. Ltd., Sewoon Medical Co. Ltd., Angiplast Pvt. Ltd., Fuji Systems Corporation, Sterimed Medical Devices Private Ltd., Securmed, Intersurgical, Bard India Healthcare Pvt. Ltd., Tuoren Medical Device India Pvt. Ltd., Parker Medical Inc., Hospiteknik Healthcare, Bactiguard AB, Neurovision Medical Products. Inc., PuraCath Medical Inc., Sharklet Technologies Inc., Zhejiang SuJia Medical Device Co. Ltd.
How Is The Global Endotracheal Tubes Market Segmented?
The endotracheal tubes market covered in this report is segmented –
1) By Product: Regular Endotracheal Tube, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double lumen Endotracheal Tube
2) By Route Type: Orotracheal, Nasotracheal
3) By Application: Emergency Treatment, Therapy, Other Applications
4) By End-use: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Uses
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The Endotracheal Tubes Global Market Report 2024 provides an overview of the endotracheal tubesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The endotracheal tubes market forecast analyzes endotracheal tubes market size, endotracheal tubes market share, leading competitor and their market positions.
The Table Of Content For The Endotracheal Tubes Market Include
1. Endotracheal Tubes Market Executive Summary
2. Endotracheal Tubes Market Segments
3. Endotracheal Tubes Market Size And Template Market Growth Rate
4. Key Endotracheal Tubes Market Trends
5. Major Endotracheal Tubes Market Drivers
……
25. Key Mergers And Acquisitions In The Endotracheal Tubes Market
26. Top Endotracheal Tubes Companies
27. Endotracheal Tubes Market Opportunities And Strategies
28. Endotracheal Tubes Market, Conclusions And Recommendations
29. Appendix
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