July 20, 2024
Endotracheal Tube Market

The Rising Demand For Minimally Invasive Surgeries Is Anticipated To Open Up The New Avenue For Endotracheal Tube Market

An endotracheal tube is a medical device inserted through the mouth or nose into the trachea (windpipe) to maintain an open airway or to serve as a conduit through which to administer certain drugs. Endotracheal tubes are often referred to as “breathing tubes.” They are typically used during surgery, during medical procedures, or in an emergency setting to facilitate ventilation and oxygenation. There are different types and sizes of endotracheal tubes depending on the patient’s age, size and intended use.

The global Endotracheal Tube Market is estimated to be valued at US$ 920.0 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.

Market Dynamics:

The endotracheal tube market is primarily driven by the growing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma and others. According to the latest Global Burden of Disease Study, 251 million cases of COPD were reported in 2016 compared to 210 million in 1990. Additionally, increasing geriatric population is also expected to contribute to the market growth. Elderly persons are more susceptible to chronic respiratory diseases due to their weak immune system. Furthermore, technological advancements in endotracheal tubes resulting in the introduction of safer, efficacious and patient-friendly products are fostering the market growth. For instance, endotracheal tubes are integrated with specialized features such as tube guides, cuffs, connectors and flexible introducers for ease of intubation. This reduces the chances of infections and complications following intubation procedures.

Segment Analysis

The endotracheal tubes market is segmented into regular endotracheal tubes and reinforced endotracheal tubes. Reinforced endotracheal tubes segment dominates the market owing to growing demand for tubes with enhanced resistance to kinking and collapsing. Reinforced tubes provide higher durability and structural integrity compared to regular tubes.

PEST Analysis

Political: The endotracheal tubes market growth is influenced by regulations and policies set by healthcare authorities. Favorable regulations supporting medical device development and approvals are boosting market growth.
Economic: Developing economies are witnessing high healthcare spending due to rising incomes which is fueling demand for advanced endotracheal tubes.
Social: Growing geriatric population and rising incidence of chronic diseases requiring intensive care and ventilation support are major social factors spurring market growth.
Technological: Manufacturers are focusing on developing tubes integrated with advanced features such as cuff pressure monitoring systems and subglottic secretion drainage ports to prevent ventilator-associated pneumonia.

Key Takeaways

The global Endotracheal Tube Market Demand is expected to reach a value of US$ 1563.5 Mn by 2030, expanding at a CAGR of 6.6% during the forecast period. The market is anticipated to grow due to increasing cases of respiratory diseases, accidents, and surgeries requiring ventilation support.

The North America region accounts for the largest share in the endotracheal tubes market owing to rising healthcare expenditure, rapid technological advancements, and presence of key players in the region. The number of emergency departments and ICUs are growing in the region which is driving market growth.

Key players operating in the endotracheal tube market are Medtronic Plc, Teleflex Inc., ConvaTec Inc., Smiths Medical, Neurovision Medical Products, Intersurgical Inc., Royax, Novo Klinik-Service GmbH, Avanos Medical, Inc., Bactiguard, and N8 Medical LLC. These players are focusing on new product launches and strategic collaborations to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it