PUBLISHER: Grand View Research | PRODUCT CODE: 1701240
PUBLISHER: Grand View Research | PRODUCT CODE: 1701240
The global endotracheal tube market size is estimated to reach USD 2.92 billion by 2030, registering a CAGR of 6.40% from 2025 to 2030, according to a new report by Grand View Research, Inc. Key drivers expected to contribute to market growth include an increase in disease burden, constant increase in the number of surgeries being undertaken worldwide, technological advancements, and increase in private & public healthcare expenditure.
The increased prevalence of respiratory disorders and rising technological development in the field of endotracheal tubes are factors anticipated to boost the market growth. Rapid innovations in endotracheal tubes have increased the need for medical device companies to incorporate new technologies in their products to maintain market demand. An increase in product complexity, and the availability of newer types of endotracheal tubes, are some factors increasing the demand for endotracheal tubes.
Companies operating in the endotracheal tube industry are adopting various strategies, such as new product launches, regional expansion, and partnerships & collaborations, to gain higher market shares. For instance, in May 2021, Medtronic plc, announced the commercial launch of the airway monitoring SonarMedTM system in the U.S. The airway monitoring SonarMed system, the only and first device of its kind, uses acoustic technology to check for endotracheal tube (ETT) obstruction and verify position in real-time, providing clinicians with vital information needed to make life-saving, and more informed decisions for their smallest patients. This is expected to drive growth in the endotracheal tube industry in near future.