Endotracheal tubes are a crucial component of mechanical ventilation utilized to maintain an open airway and facilitate breathing during surgery or in critical care patients suffering from respiratory illnesses and conditions. They are flexible tubes that are inserted through the mouth or nose and then threaded through the vocal cords into the trachea. Endotracheal tubes allow for oxygen delivery, carbon dioxide removal, and maintenance of a patent airway in both intubated and mechanically ventilated patients. Some key advantages include enabling ventilation without disturbing upper airway reflexes, providing positive pressure ventilation, and bypassing sites of airway obstruction or lung disease.
The global demand for endotracheal tubes has been driven by the rising prevalence of respiratory diseases worldwide. Chronic obstructive pulmonary disease (COPD) in particular has emerged as a major public health issue, contributing significantly to morbidity and healthcare costs. Mechanical ventilation is often required for patients experiencing acute exacerbations of COPD or respiratory failure.
The global Endotracheal Tube Market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Over the forecast period, innovation and technological advancements are expected to be a key trend shaping the endotracheal tube market landscape. There is an ongoing focus on product development efforts to introduce tubes with enhanced safety, performance, and patient comfort features. Some of the newer endotracheal tubes entering the market include products with cuffs that minimize pressure injuries, tubes integrated with continuous aspiration of subglottic secretions (CASS) technology to prevent ventilator-associated pneumonia (VAP), and tubes specially designed for intubation procedures in pediatric and neonatal patients.
Porter’s Analysis
Threat of new entrants: The endotracheal tube market requires high investments in R&D and manufacturing facilities which creates significant entry barriers for new players.
Bargaining power of buyers: The buyers in the market include hospitals and other healthcare facilities. Their bargaining power is moderate as endotracheal tubes are medical essential products.
Bargaining power of suppliers: A few major players dominate the supply market. Their bargaining power is high considering the technical requirements of endotracheal tubes.
Threat of new substitutes: There are currently no cost-effective or viable substitutes for endotracheal tubes in the medical industry.
Competitive rivalry: The market is moderately competitive due to the presence of a few large players. Manufacturers compete on the basis of product quality, innovation and pricing.
Key Takeaways
The global Endotracheal Tube Market Share is expected to witness high growth over the forecast period. The global Endotracheal Tube Market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
North America currently dominates the market due to advanced healthcare infrastructure and growing geriatric population in the region requiring critical care. This regional growth can be attributed to factors such as increased incidence of respiratory diseases, rising geriatric population, and availability of advanced healthcare facilities.
Key players: Key players operating in the Endotracheal Tube market are Carrier, Haier Group, Emerson Electric Co., LG Electronics., Lennox International, Rheem Manufacturing Company, Trane Technologies plc, Vishay Intertechnology, Inc., Acuity Brands Lighting, Inc., Ideal Industries, Inc., Lumigrow, Hubbell, Constellation Newenergy, Inc., Energy Systems Group, Cmta, Inc., The Brewer-Garrett Company, Digi-Key Electronics, Renesas Electronics Corporation., Ameresco.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.