PUBLISHER: The Business Research Company | PRODUCT CODE: 1588828
PUBLISHER: The Business Research Company | PRODUCT CODE: 1588828
An endotracheal tube is a medical device inserted into the trachea (windpipe) through the mouth or nose to keep the airway open and aid in breathing, usually during surgeries or emergencies. It ensures that air reaches the lungs and can be connected to a ventilator to help or control breathing.
Endotracheal tubes come in several main types regular endotracheal tubes, reinforced endotracheal tubes, preformed endotracheal tubes, and double-lumen endotracheal tubes. A regular endotracheal tube is a standard, flexible tube used for general airway management in surgeries or critical care situations. The insertion routes are orotracheal and nasotracheal, and it is used for emergency treatment, therapy, and other applications. Various end-users include hospitals, clinics, ambulatory surgical centers, and more.
The endotracheal tubes market research report is one of a series of new reports from The Business Research Company that provides endotracheal tubes market statistics, including endotracheal tubes industry global market size, regional shares, competitors with a endotracheal tubes market share, detailed endotracheal tubes market segments, market trends and opportunities, and any further data you may need to thrive in the endotracheal tubes industry. This endotracheal tubes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The endotracheal tubes market size has grown steadily in recent years. It will grow from $0.76 billion in 2023 to $0.80 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The increase observed during the historical period can be linked to improvements in anesthesia and critical care practices, a higher incidence of respiratory illnesses, an uptick in surgical procedures, advancements in tube materials, greater awareness of airway management, the growth of emergency medical services, and innovations in medical devices.
The endotracheal tubes market size is expected to see steady growth in the next few years. It will grow to $0.96 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The projected growth is driven by rising global healthcare spending, a growing prevalence of chronic respiratory diseases, expansion of healthcare infrastructure in emerging markets, an increase in surgical procedures, advancements in tube design and materials, greater use of minimally invasive surgeries, and a stronger focus on patient safety and airway management. Key trends for the forecast period include heightened demand for advanced disposable endotracheal tubes, increased use of smart and integrated airway management technologies, a preference for cuffed and reinforced tubes, growth in personalized and patient-specific tube designs, expanded telemedicine and remote monitoring capabilities, an emphasis on reducing infection rates and improving tube hygiene, and the development of biocompatible and eco-friendly tube materials.
The increasing prevalence of chronic respiratory diseases is expected to drive the growth of the endotracheal tubes market. The rise in chronic respiratory conditions is largely due to higher pollution levels, smoking habits, and an aging population. Endotracheal tubes are crucial for managing respiratory diseases, as they secure the airway and provide mechanical ventilation for patients with compromised breathing or airway obstruction. For example, in June 2024, the Australian Institute of Health and Welfare reported that approximately 8.5 million people in Australia, or 34% of the population, were estimated to have chronic respiratory conditions. This includes about 2.8 million people, or 11% of the population, living with asthma, and 638,000 people, or 2.5% of the population, living with chronic obstructive pulmonary disease (COPD). Thus, the rising incidence of respiratory diseases is fueling the demand for endotracheal tubes.
Key players in the endotracheal tubes market are focusing on developing innovative products, such as endotracheal tubes with a sampling port. This type of tube allows for the maintenance of an open airway while also enabling the collection of respiratory samples through an integrated port. For instance, in November 2022, MILA International Inc., a US-based veterinary medical equipment company, introduced an endotracheal tube with a sampling port. This product enhances the delivery of anesthetic gases and facilitates airway sampling for large animals without disconnecting the ventilation system, thus improving the efficiency and effectiveness of veterinary anesthesia and respiratory care.
In August 2022, Xponent Healthcare Inc., a US-based medical device company, acquired the Flex-Guide Endotracheal Tube introducer product line from Greenfield Medical Sourcing Inc. for an undisclosed amount. This acquisition enables Xponent to integrate a well-established product into its portfolio, enhancing its capability to provide effective and affordable care to first responders and medical professionals worldwide. Greenfield Medical Sourcing Inc. is a US-based manufacturer of endotracheal tubes.
Major companies operating in the endotracheal tubes market are Medtronic plc, Medline Industries LP, Teleflex Incorporated, Convatec Group plc, Armstrong Medical Ltd, Vygon SAS, Hollister Incorporated, Well Lead Medical Co. Ltd, Sewoon Medical Co. Ltd., Angiplast Pvt. Ltd, Fuji Systems Corporation, Sterimed Medical Devices Private Ltd., Securmed, Intersurgical, Bard India Healthcare Pvt. Ltd., Tuoren Medical Device India Pvt. Ltd., Parker Medical Inc, Hospiteknik Healthcare, Bactiguard AB, Neurovision Medical Products. Inc., PuraCath Medical Inc., Sharklet Technologies Inc., Zhejiang SuJia Medical Device Co. Ltd.
North America was the largest region in the endotracheal tubes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endotracheal tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the endotracheal tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The endotracheal tube market consists of sales of the standard endotracheal tube, laser-resistant endotracheal tubes, and endotracheal tubes with subglottic suction. 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.
Endotracheal 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 endotracheal 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 endotracheal tubes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The endotracheal 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.