Global demand for endotracheal tube market was valued at approximately USD 1946.19 million in 2018 and is expected to generate revenue of around USD 3079.88 million by end of 2025, growing at a CAGR of around 6.79% between 2019 and 2025.
The report covers forecast and analysis for the endotracheal tube market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the endotracheal tube market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the endotracheal tube market on a global level.
As per the report, the global demand for endotracheal tube market was valued at approximately USD 1946.19 million in 2018 and is expected to generate revenue of around USD 3079.88 million by end of 2025, growing at a CAGR of around 6.79% between 2019 and 2025.
An endotracheal tube is made up of plastic, is flexible and is positioned in the trachea (windpipe) through the mouth to assist a patient breathing. Then the endotracheal tube is linked to a ventilator that supplies the lungs with oxygen. Endotracheal intubation is the method of inserting the tube. An endotracheal tube is placed when a patient cannot breathe himself; when someone who is very ill needs to be sedated and "rested;" or to safeguard the airway. The airway is maintained by the pipe to allow air to pass into and out of the lungs. The endotracheal tube is used in various procedures such as general anesthetic surgery, trauma, or severe illness. The increase in hospitalization cases and the increase in the incidence of lifestyle disease are driving the endotracheal tube securing instruments industry growth. The rise in geriatric population and the rise in healthcare expenditure are also boosting market development. In some nations, however, financial restrictions and a rigorous approval process hamper the market growth.
Based on intubation, the endotracheal tube market is segmented into orotracheal intubation and nasotracheal intubation. Among the product segment, nasotracheal intubation segment is most commonly used. Based on the type of tubes, the market is classified into regular tubes, reinforced/armoured tubes, coated tubes, laser resistant tubes, double lumen tubes, and others. The endotracheal tube market is further divided into application as anesthesia, emergency treatment, and others.
End-user segment of endotracheal tube market is further divided into hospitals, clinics, ambulatory surgery centers, diagnostic laboratories, and others. Hospitals application segment dominated the market in terms of revenue in 2018 owing to more inclination of patients towards the hospitals.
Geographically, in 2017, North America dominated the endotracheal tubes industry and will continue to develop considerably over the forecast period due to early approval of endotracheal tubes and elevated tube use as a result of growing chronic disease incidences. High expenditure on healthcare, increasing incidence of ventilator-related pneumonia, and increasing amount of surgeries owing to chronic cardiovascular and respiratory diseases will cascade the development of the sector over the forecast period. Europe is anticipated to closely follow the trend. Asia Pacific is anticipated to see the greatest development during the forecast period as a result of rising healthcare spending, rising disposable revenue leading to increased affordability, and increasing patient tendency towards endotracheal covered tubes. Increased population in India, improved patient knowledge of ventilator-related pneumonia, and increased cancer incidence, lung disorders, and cardiovascular diseases will promote increased market growth.
Some of the key players in endotracheal tube market include C.R. Bard, Sonoma Pharmaceutical, N8 Medical, Enox Biopharma, Armstrong Medical, Airway Innovations, Smiths Group, Fuji System, Parker Medical, Well Lead, Teleflex, Venner Medical, Hospiteknik Healthcare, Medline Industries, Bactiguard, Becton Dickinson and Company, Brio Device, Medtronic, ConvaTec, Sewoon Medical, Hollister, and Purecath Medica, among others.