PUBLISHER: The Business Research Company | PRODUCT CODE: 1414329
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414329
“Intubation Tubes Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on intubation tubes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for intubation tubes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The intubation tubes market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
An intubation tube is a medical device employed to establish and maintain an open airway in patients requiring mechanical ventilation or anesthesia. It is a flexible tube that is inserted into the trachea (windpipe) through either the mouth or nose. The purpose of the intubation tube is to deliver oxygen and gases to the lungs, facilitating the exchange of gases and the removal of carbon dioxide.
The primary types of intubation tube products include regular intubation tubes, reinforced intubation tubes, preformed intubation tubes, and double-lumen intubation tubes. Regular intubation tubes are typically made of polyvinyl chloride and are inserted through the trachea, passing between the vocal cords. These tubes can be further categorized based on the route of insertion, such as orotracheal and nasotracheal tubes. They find applications in various medical contexts, including emergency treatment and therapy, and are utilized by a range of end-users, such as hospitals and medical centers.
The intubation tube market research report is one of a series of new reports from The Business Research Company that provides intubation tube market statistics, including intubation tube industry global market size, regional shares, competitors with an intubation tube market share, detailed intubation tube market segments, market trends, and opportunities, and any further data you may need to thrive in the intubation tube industry. This intubation tube market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The intubation tubes market size has grown strongly in recent years. It will grow from $2.78 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.The expansion observed in the historical period can be attributed to factors such as the increased number of surgical procedures, a rise in the incidence of respiratory disorders, advancements in anesthesia practices, emergency medical interventions, and the growing aging population.
The intubation tubes market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to ongoing advancements in surgical procedures, a growing demand for critical care, global preparedness for health crises, an increase in trauma cases, technological enhancements in intubation tube design, and the implementation of training and education programs. Key trends expected in the forecast period encompass customization and personalization in intubation tube solutions, a regulatory emphasis on product safety, increased collaborations and partnerships in the healthcare industry, the impact of telehealth, and a heightened focus on environmental sustainability.
The anticipated increase in the prevalence of hospital-acquired infections is set to drive the growth of the intubation tube market in the foreseeable future. Hospital-associated infections, acquired during medical care, pose a risk to patients. Intubation tubes play a crucial role in preventing infections by drawing out and clearing mucus from patients' airways, reducing the likelihood of complications such as pneumonia. For example, the 2021 National and State Progress Report on Healthcare-Associated Infections from the Centers for Disease Control and Prevention noted a 7% increase in central line-associated bloodstream infections (CLABSI) and a 5% rise in catheter-associated urinary tract infections (CAUTI) between 2020 and 2021. Hence, the surge in hospital-acquired infections contributes to the growth of the intubation tube market.
The escalating number of surgeries is expected to fuel the expansion of the intubation tube market in the coming years. Surgical procedures, a fundamental aspect of medical care, often require intubation for administering general anesthesia and maintaining a secure airway during the operation. Notably, statistics from the National Library of Medicine indicate a substantial growth in cosmetic surgeries and overall operations, emphasizing the increasing demand for intubation tubes. With a 49.4% increase in cosmetic surgeries and a 33.4% growth in total operations in 2021, the rising number of surgeries becomes a driving force for the intubation tube market.
Technological advancements represent a prominent trend gaining traction in the intubation tube market. Companies within the market are adopting innovative technologies, including wireless communication and monitoring, to enhance their market positions. For instance, Medtronic plc introduced the SonarMed airway monitoring system, utilizing acoustic technology to detect endotracheal tube (ETT) blockages and validate positioning in real-time. This technology provides critical information to clinicians, enabling informed decisions and timely responses to potential critical events.
Major players in the intubation tube market are prioritizing product innovations, such as airway mobilescopes, to maintain their market standing. Airway mobilescopes are portable medical devices facilitating flexible airway management for medical professionals. In May 2021Olympus, a Japan-based technology company, received FDA clearance for its Airway Mobilescopes, offering efficient solutions for upper and lower airway management procedures in critical care and intensive care settings.
In August 2022, Xponent Healthcare Inc., a leading global provider of medical devices, acquired the Flex-Guide Endotracheal Tube introducer product line from Greenfield Medical Sourcing Inc. This strategic acquisition enhances Xponent Healthcare Inc.'s portfolio, supporting the development of high-quality solutions for first responders and medical professionals, ensuring affordable and efficient patient care. Greenfield Medical Sourcing Inc., a US-based manufacturer of endotracheal tubes, contributes to Xponent Healthcare Inc.'s commitment to delivering quality products.
Major companies operating in the intubation tubes market report are Teleflex Incorporated, Medtronic Plc., Medline Industries LP, Venner Medical GmbH, Sonoma Pharmaceuticals Inc., Hospiteknik Healthcare, Armstrong Medical Ltd., Airway Innovations LLC, Smiths Group Plc., C. R. Bard Inc., Bound Tree Medical LLC, Cook Medical, Olympus Corporation, Alamo Scientific Inc., ICU Medical Inc., ConvaTec Group Plc, Mercury Medical Inc., Intersurgical Ltd., Vyaire Medical Inc., VBM Medizintechnik GmbH, SunMed Holdings LLC, Cardinal Health Inc., TG Eakin Ltd., Diversatek Inc., Verathon Inc., Vygon SA, Dale Medical Products Inc., Ambu A/S, Akin Global Medical, ErgoMed Inc., Laerdal Medical AS, Biotronik, SurModics Inc.
North America was the largest region in the intubation tubes market in 2023. The regions covered in the intubation tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the intubation tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The intubation tubes market consists of sales of cuffed or uncuffed tubes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.