The Global Endotracheal Tube Market is estimated to be valued at US$ 920.0 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Endotracheal tubes are medical devices that are inserted through the mouth into the trachea (windpipe) to maintain an open airway or to administer certain drugs. Advantages of endotracheal tubes include providing secure airway protection, allowing assisted or controlled breathing, and facilitating the delivery of gases, such as oxygen.
Market key trends:
Increasing prevalence of respiratory diseases is expected to drive the growth of the endotracheal tube market. As per the American Lung Association, chronic lower respiratory diseases were responsible for 158.1 million cases in the United States in 2019. Moreover, rising geriatric population which are more prone to respiratory diseases is also anticipated to boost the demand for endotracheal tubes over the forecast period. Furthermore, technological advancement in endotracheal tubes in terms of material used, size, structure etc. has improved patient safety and comfort, thereby propelling the market growth.
Segment Analysis:
The endotracheal tube market has been witnessing growing demand for video laryngoscopes integrated endotracheal tubes. Video laryngoscopes enable real-time visualization of the glottis without aligning optical axis with the target, thus improving intubation success rates compared to direct laryngoscopy. These tubes are integrated with a camera at the distal end of the tube to provide images of the glottis during intubation. Various players are introducing innovative endotracheal tubes integrated with video laryngoscopes to improve intubation accuracy and efficiency.
SWOT Analysis
Strengths: Wide applications in hospitals, ambulatory surgical centers, and emergency medical services for airway management during anesthesia & surgery. Growing demand for improved endotracheal tubes for accurate & easy intubation.
Weaknesses: Complications associated with improper insertion or prolonged intubation of endotracheal tubes. Requirement of skilled professionals for intubation.
Opportunities: Development of endotracheal tubes integrated with advanced technologies like fiber optics and video laryngoscopy for improved visualization and intubation success rates. Emerging markets in Asia Pacific and Latin America provide growth opportunities.
Threats: Presence of local & regional players offering low-cost substitute products. Risk of respiratory infections & trauma to vocal cords associated with long-term intubation.
Key Takeaways
The Global Endotracheal Tube Market Size was valued at US$ 920.0 Mn in 2023. The market is expected to grow at a CAGR of 6.6% during the forecast period due to rising prevalence of respiratory diseases, increasing number of surgeries, and technological advancements.
North America dominated the global market in 2023 and is expected to maintain its leading position during the analysis period. This is attributed to well-established healthcare infrastructure, rising geriatric population, and growing number of surgeries in the region.
Key players operating in the endotracheal tube market include 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. Major players are focusing on new product launches, partnerships, and acquisitions to strengthen their market presence. For instance, in 2022, Neurovision Medical Products launched Cobalt bronchial blockers integrated with video bronchoscopy for improved airway management
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
