PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608715
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608715
The endotracheal tube market is estimated to be valued at USD 1,040.7 Mn in 2024 and is expected to reach USD 1,715.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 1,040.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.40% | 2031 Value Projection: | 1,715.4 Mn |
Endotracheal tubes are important medical devices used during anesthesia to maintain an open airway and facilitate mechanical ventilation of patients. They are flexible tubes that are inserted through the mouth or nose and then threaded down the trachea to establish an airway. Endotracheal intubation is commonly performed during surgeries, intensive care treatments, and emergency responses that require the management of a patient's breathing. The global endotracheal tube market has been growing steadily due to the rising incidence of chronic respiratory diseases, increasing number of surgeries performed worldwide, and growing geriatric population that is more prone to critical medical conditions. Advancements in material science have led to the development of new endotracheal tubes with improved safety and efficacy.
The global endotracheal tube market is driven by the increasing prevalence of respiratory diseases worldwide, rapidly growing geriatric population, rising number of surgeries performed annually, and technological advancements in endotracheal tubes. On November 6, 2024, the World Health Organization estimated that Chronic obstructive pulmonary disease (COPD) is the fourth leading cause of death worldwide, causing 3.5 million deaths in 2021, approximately 5% of all global deaths. However, the market may face some restraints in terms of complications associated with intubation such as vocal cord injury, trauma, ischemic laryngeal lesions, and ventilator-associated pneumonia. Some of the opportunities in this market include the development of single-use endotracheal tubes and integrated cuff pressure monitoring tubes.
This report provides in-depth analysis of the global endotracheal tube market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global endotracheal tube market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Sterimed Group, ICU Medical, Inc., Advin Health Care, Medtronic, Van Oostveen Medical B.V., Teleflex Incorporated, Convatec Inc., Fuji Systems Corp, Hollister Incorporated, Well Lead Medical Co.,Ltd, Medline, Angiplast Pvt Ltd, SEWOON MEDICAL Co., Ltd., and Kimberly-Clark
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global endotracheal tube market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global endotracheal tube market