Newly-released Endotracheal Tube Market analysis report by Future Market Insights shows that global sales of the Endotracheal Tube Market in 2022 was held at USD 2.2 Billion. With a CAGR of 6.8% from 2023 to 2033, the market is projected to reach a valuation of USD 4.5 Billion by 2033. Emergency Treatment application is expected to be the highest revenue-generating segment, accounting for an expected CAGR rate of 7.3% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Endotracheal Tube Market (2023) | USD 2.3 Billion |
| Global Endotracheal Tube Market (2033) | USD 4.5 Billion |
| Global Endotracheal Tube Market CAGR (2023 to 2033) | 6.8% |
| USA Endotracheal Tube Market CAGR (2023 to 2033) | 6.7% |
| Key Companies Profiled | Teleflex Corporation; Medtronic; Medline Industries; Venner Medical; Sonoma Pharmaceutical; Hospiteknik Healthcare; Armstrong Medical; Airway Innovations; Smith’s Group |
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As per the Endotracheal Tube Markets research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, market value of the Endotracheal Tube Markets increased at around 5.6% CAGR.
An endotracheal tube is a catheter or device that is placed into the trachea of a patient through the mouth or nose. This aids with the administration of anaesthetic gases or air to and from the patient, as well as maintaining an open airway. A large number of endotracheal tubes are constructed of polyvinyl chloride, however tubes with unique requirements are made of silicone rubber, latex rubber, or stainless steel. These tubes come in a variety of shapes and sizes, and are employed according to a patient's needs and medical condition.
Endotracheal tubes are in increasing demand as the number of surgical procedures increases due to an increase in diseases, such as cardiovascular disease, cancer, and respiratory illness. According to the World Health Organization's 2019 report, respiratory disorders are the biggest cause of death worldwide, responsible for around 4 million fatalities annually. Owing to this, the market is expected to swell significantly during the forecast period.
Due to an increase in surgical procedures, endotracheal tubes are in high demand. Approximately 313 million elective procedures are performed each year, according to a report named Global Surgery and Anaesthesia Statistics. Endotracheal intubation has seen medical device developments that have decreased the risk of getting an infection and lessened the risk of infection associated with endotracheal tubes.
Patients on a ventilator or proning for an endotracheal tube for more than 48 hours are at a higher risk of developing Ventilator-Associated Pneumonia (VAP). Owing to this, several companies are designing products with antithrombotic and antibacterial qualities that can help avoid VA. Medtronic Shiley Evac endotracheal tubes, as an example, are said to minimize VA by 50%.
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Which Region is Projected to Offer the Largest Opportunity for Endotracheal Tube Market?
Due to rising healthcare spending, rising disposable revenue leading to higher affordability, and increasing patient preference for endotracheal-covered tubes, Asia Pacific is expected to witness significant growth during the projection period. Higher market growth would be aided by India's growing population, improved patient awareness of ventilator-related pneumonia, and increased cancer, lung illnesses, and cardiovascular disease incidence.
The United States market for Endotracheal Tubes is anticipated to register a CAGR of 6.7% with an absolute dollar opportunity of USD 654.2 Million. The market is expected to rise due to an increase in surgical procedures due to an increase in chronic respiratory disorders such as cardiovascular diseases, respiratory diseases, diabetes, cancer, and other lung injuries. Furthermore, rising demand for ventilator-associated pneumonia and an increase in the geriatric population, which is more susceptible to chronic diseases, are driving market growth. However, postoperative problems from endotracheal intubation, as well as a scarcity of experienced experts, are limiting the market's expansion.
The market in the United Kingdom is expected to reach a valuation of USD 202.3 Million by 2033. Growing with a CAGR of 7.5% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of USD 103.5 Million.
In Japan, the market is expected to grow at a CAGR of 6.4% from 2023 to 2033, reaching USD 645.5 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of USD 359 Million during the forecast period.
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The increase in the number of respiratory illnesses caused by the rising occurrence of pulmonary ailments triggered the rise in demand for standard endotracheal tubes. Because the value of VAPs in this section of the healthcare industry is expected to increase in the coming years, the demand for regular endotracheal tubes is also expected to increase. The endotracheal segment is predicted by technological reports to increase at a healthy pace over the projection period. The market is divided into numerous discrete individual epoch tubes, reinforced individual epoch tubes, individual epoch pre-made tubes, and individual epoch double period tubes based on type.
The production of reinforced endotracheal tubes, for instance, is projected to rise at a faster rate throughout the forecast period, due to increased usage during surgery and recent advancements in endotracheal tubes. Furthermore, the expansion of the travel and transportation sector, as well as the absorption injuries and car accident rate, is projected to drive the reinforced endotracheal tube sector's future growth.
Due to the rising trend of hospitalization around the world, the hospital category had the highest revenue share. Furthermore, increased knowledge among physicians and nursing staff in hospital settings contributes to the segment's larger market share.
Over the projected period, the market through the clinics segment is expected to increase at the fastest pace. Clinics serve fewer patients, and they provide advantages such as affordability, effective treatment approaches, and a longer period of involvement with those who are afflicted.
The key players in the market include Teleflex Corporation, Medtronic, Medline Industries, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, and Smith’s Group.
Few of the recent developments of key Endotracheal Tube providers are as follows:
Similarly, recent developments related to companies offering Endotracheal Tube have been tracked by the team at Future Market Insights, which are available in the full report.
The industry is estimated to be around USD 2.3 billion by the end of 2023.
Teleflex Corporation, Medtronic, and Medline Industries are the key players in the market.
The market is anticipated to surge at a CAGR of 6.8% through 2033.
United States is anticipated to surge at a CAGR of 6.7% through 2023.
Increasing number of surgical procedures is driving the global market sales.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background 5. Key Success Factors 6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Regular Endotracheal Tube 7.2. Reinforced Endotracheal Tube 7.3. Preformed Endotracheal Tube 7.4. Double lumen 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Route Type 8.1. Orotracheal 8.2. Nasotracheal 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Emergency Treatment 9.2. Therapy 9.3. Other Applications 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 10.1. Hospitals 10.2. Clinics 10.3. Ambulatory Surgical Centers 10.4. Other End-Uses 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. APAC 11.5. Middle East and Africa (MEA) 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. APAC Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Teleflex Corporation 19.2. Medtronic 19.3. Medline Industries 19.4. Venner Medical 19.5. Sonoma Pharmaceutical 19.6. Hospiteknik Healthcare 19.7. Armstrong Medical 19.8. Airway Innovations 19.9. Smith’s Group 20. Assumptions and Acronyms Used 21. Research Methodology
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Endotracheal Tube Market
