by Endotracheal tubes (ETT) are life-saving medical devices primarily used for patients undergoing anesthesia. The tube is inserted through the mouth or nose into the trachea to maintain an open airway and allow for mechanical ventilation during general anesthesia. Growing frequency of surgeries globally has increased the demand for anesthesia procedures, driving demand for endotracheal tubes.
The global endotracheal tube market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The global endotracheal tube market is driven by increasing prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis. According to estimates by the World Health Organization (WHO), around 235 million people were affected by asthma globally in 2019. Respiratory diseases often require anesthetized procedures such as bronchoscopy for diagnosis and treatment, boosting demand for endotracheal tubes. Moreover, growing geriatric population is increasing the frequency of surgeries involving general anesthesia. The elderly are more prone to degenerative diseases and injuries from falls or fractures, requiring surgical intervention.
Market Dynamics:
The driver referred to in the heading, growing demand for anesthesia procedures, is boosting sales of endotracheal tubes as these procedures cannot be performed without intubation using ETTs. Anesthesia procedures are becoming more frequent globally due to increasing prevalence of chronic diseases and injuries, along with a growing geriatric demographic undergoing more surgeries. Additionally, focus on patient safety during intubation is driving innovation in ETT designs for enhanced sealing of the airway and reduced chances of infection or trauma during insertion. Advanced single-use ETTs with in-built CO2 indicators and high volume-low pressure cuffs are gaining popularity.
Segment Analysis
The endotracheal tube market can be segmented based on product type, application, and end-user. Based on product type, the market is segmented into regular endotracheal tube and reinforced endotracheal tube. The reinforced endotracheal tube segment dominates the market as these tubes are intended to provide increased durability and improved ease of intubation. Based on application, the market is categorized into emergency treatment and therapy. The emergency treatment segment holds majority share due to increasing cases of respiratory diseases requiring emergency intubation. Based on end-user, the market is divided into hospitals, clinics, ambulatory surgery centers, and others. Hospitals account for the largest share owing to highpatient volume and availability of advanced ICU units.
PEST Analysis
Political: Healthcare reforms in many countries are pushing for modernization of medical facilities and equipment. This is driving investments in sectors like endotracheal tubes.
Economic: Rising disposable incomes have increased affordability of advanced medical care among general population. This is augmenting demand for endotracheal tubes as their use is necessitated by many critical conditions.
Social: Growing prevalence of chronic diseases like COPD has created need for emergency airway management and long term ventilation support. This fuels consumption of products like reinforced endotracheal tubes.
Technological: Manufacturers are focusing on developing tubes embedded with sensors to allow for improved monitoring. Newer materials are also being explored to enhance durability and biocompatibility of tubes used in critical patient care.
Key Takeaways
The Global Endotracheal Tube Market Size is expected to witness high growth. The global Non-invasive ventilation masks market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.
Regional analysis reveals North America dominated the market in 2023 owing to well developed healthcare infrastructure and high adoption rates of new medical technologies in the region.
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, and Ameresco. Key players are introducing integrated endotracheal tubes embedded with sensors and optical channels for closed loop monitoring of critical parameters like CO2, O2, pressure etc. This is helping reduce complications related to lung infections and pressure injuries. Increased demand for non-invasive ventilation is also driving development of user-friendly tubes incorporating latest material science. The future looks positive with ongoing technological advancement and increasing investments in respiratory care infrastructure worldwide.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
