The endotracheal tubes global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Endotracheal Tubes Market, 2024 The endotracheal tubes global market report 2024
Market Size –
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 growth in the historic period can be attributed to advances in anesthesia and critical care practices, increased incidence of respiratory diseases, growth in surgical procedures, development of improved tube materials, rising awareness of airway management, expansion of emergency medical services, and technological 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 growth in the forecast period can be attributed to rising global healthcare expenditures, increasing prevalence of chronic respiratory conditions, expansion of healthcare infrastructure in emerging markets, a growing number of surgical procedures, advancements in tube design and materials, increasing adoption of minimally invasive surgeries, and heightened focus on patient safety and airway management. Major trends in the forecast period include a surge in demand for advanced, disposable endotracheal tubes, growing use of smart and integrated airway management technologies, increased preference for cuffed and reinforced tubes, rise in personalized and patient-specific tube designs, expansion of telemedicine and remote monitoring capabilities, emphasis on reducing infection rates and improving tube hygiene, and development of biocompatible and environmentally friendly tube materials.
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Scope Of Endotracheal Tubes Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Endotracheal Tubes Market Overview
Market Drivers –
The rising prevalence of chronic respiratory diseases is expected to drive the growth of the endotracheal tubes market in the coming years. This increase is attributed to factors such as higher pollution levels, smoking habits, and an aging population. Endotracheal tubes are employed in respiratory disease cases to secure the airway and provide mechanical ventilation for patients with compromised breathing or airway obstruction. For instance, in June 2024, the Australian Institute of Health and Welfare, an Australia-based health and welfare agency, estimated that approximately 8.5 million people in Australia, or 34% of the population, were affected by chronic respiratory conditions. This includes around 2.8 million people, or 11% of the population, living with asthma, and 638,000 people, or 2.5% of the population, diagnosed with chronic obstructive pulmonary disease (COPD). Thus, the rising prevalence of respiratory diseases is a significant driver of growth in the endotracheal tubes market.
Market Trends –
Major companies operating in the endotracheal tubes market are focusing on developing innovative products such as endotracheal tubes with a sampling port. An endotracheal tube with a sampling port is a medical device used to maintain an open airway while allowing for the collection of respiratory samples through an integrated port. For instance, in November 2022, MILA International Inc., a US-based veterinary medical equipment company, launched an endotracheal tube with a sampling port. This new product enhances the delivery of anesthetic gases and simplifies airway sampling for large animals, all without disconnecting the ventilation system, thereby improving the efficiency and effectiveness of veterinary anesthesia and respiratory care.
The endotracheal tubes market covered in this report is segmented –
1) By Product: Regular Endotracheal Tube, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double lumen Endotracheal Tube
2) By Route Type: Orotracheal, Nasotracheal
3) By Application: Emergency Treatment, Therapy, Other Applications
4) By End-use: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Uses
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Regional Insights –
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.
Key Companies –
Major companies in the 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.
Table of Contents
1. Executive Summary
2. Endotracheal Tubes Market Report Structure
3. Endotracheal Tubes Market Trends And Strategies
4. Endotracheal Tubes Market – Macro Economic Scenario
5. Global Endotracheal Tubes Market Size and Growth
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32. Global Endotracheal Tubes Market Competitive Benchmarking
33. Global Endotracheal Tubes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Endotracheal Tubes Market
35. Endotracheal Tubes Market Future Outlook and Potential Analysis
36. Appendix
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