Endotracheal tubes are medical devices used to maintain an open airway and ensure optimal gas exchange during general anesthesia for surgical procedures or respiratory support for patients who are unable to breathe adequately. These tubes aid in oxygenation of patients through mechanical ventilation in critical care units and intensive care units (ICUs). Equipped with specialized cuffs and tips, endotracheal tubes allow secure delivery of oxygen or other gases directly into the trachea and lungs. Rapid adoption of mechanical ventilation devices in ICUs and operation theatres has augmented the demand for endotracheal tubes across healthcare facilities. Improving ICU infrastructure and rising ICU admissions for COVID-19 patients have propelled the need for end-of-life care equipment like ventilators and endotracheal tubes.
The global endotracheal tube market is estimated to be valued at US$ 920 Mn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends witnessed in the endotracheal tube market includes growing demand for single-use tubes. Disposable endotracheal tubes prevent cross-contamination risks associated with reusable tubes and reduce hospital-acquired infections (HAIs). Increasing regulatory approvals for single-use endotracheal tubes manufactured using advanced materials are supplementing the demand from ICUs. For instance, in 2021, the U.S. FDA approved Ariri’s single-use endotracheal tubes made from biocompatible silicon-based material for airway management. These tubes offer superior gripping and require reduced cuff pressures, minimizing trauma risks during intubation and extubation procedures. Product innovation and expanded facilities by market players catering to personalized endotracheal tubes further enhances patient outcomes.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as endotracheal tubes require specialized production facilities and regulatory approval. However, rising demand opens opportunities.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of substitutes and undifferentiated products. However, innovation and a focus on quality can attract buyers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the availability of alternative suppliers of raw materials. However, suppliers hold some bargaining power over specialized components and production expertise.
Threat of new substitutes: The threat of new substitutes is low as endotracheal tubes are used for critical applications. However, innovation in medical procedures could pose a threat.
Competitive rivalry: Competitive rivalry is high among the major players due to the undifferentiated nature of products. However, product differentiation and innovative strategies help gain an edge.
Key Takeaways
The Global Endotracheal Tube Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global endotracheal tube market is estimated to be valued at US$ 920 Mn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024-2031.
Regional analysis: North America holds the highest market share primarily due to rising prevalence of respiratory diseases, established healthcare infrastructure, and accessibility to advanced treatment options. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR owing to increasing penetration of health insurance, growing medical tourism industry, and rising healthcare spending.
Key players: Medtronic Plc, Teleflex Inc., ConvaTec Inc., Smiths Medical, Neurovision Medical Products, Intersurgical Inc., Royax, Novo Klinik-Service GmbH, Avanos Medical, Inc., Bactiguard, and N8 Medical LLC are some of the prominent players operating in the endotracheal tube market. Key players are focusing on new product launches, geographical expansion, and mergers & acquisitions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
