April 23, 2024
Endotracheal Tube Market

Oral And Tracheal Suctioning Market Is The Largest Segment Driving The Growth Of Endotracheal Tube Market

An endotracheal tube is a small, flexible tube inserted into the mouth or nose and then through the vocal cords and into the trachea to maintain an open airway and often facilitate mechanical ventilation. Endotracheal tubes are used during general anesthesia, conscious sedation, and critical care for airway management or ventilation.

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 key trends

The increase in several emergency department visits and hospital admissions due to accidents, trauma injuries, or critical medical conditions is driving the demand for endotracheal tubes for emergency airway management. According to the American Hospital Association, the number of emergency department visits in the U.S. increased from about 130 million in 2000 to around 145 million in 2017. Moreover, the rising prevalence of respiratory diseases such as asthma and COPD is also fueling the endotracheal tube market growth. COPD affects over 200 million people globally according to WHO. The growing geriatric population also is contributing to the growth of the endotracheal tube market as aged people are more susceptible to injuries, trauma and critical medical conditions necessitating the need for artificial ventilation using endotracheal tubes.

SWOT Analysis

Strength: Endotracheal tubes are widely used for airway management during anesthesia and ventilation support. They enable effective delivery of oxygen and anesthetic gases to the lungs.
Weakness: Placement of endotracheal tubes requires special skills and training. Improper placement can cause severe complications. The cuff of the tube may also cause trauma to the delicate tissues of the trachea and vocal cords on prolonged intubation.
Opportunity: Rising geriatric population prone to chronic diseases and increasing road accidents and trauma cases are driving the demand for emergency respiratory support devices. Anesthesia procedures for surgery are also on the rise.
Threats: Alternative airway management devices like laryngeal mask airways and tracheostomy tubes are gaining popularity. New technological advances may lead todecline in endotracheal tubes market share over long term.

Key Takeaways

The global Endotracheal Tube Market Demand is expected to witness high growth, exhibiting a CAGR of 6.6% over the forecast period, due to the increasing number of surgical procedures worldwide. North America dominated the endotracheal tube market in 2023 with a share of over 30%, due to growing elderly population and rising healthcare expenditure in the region. The market size for 2023 is US$ 920.0 Mn.

Regional analysis
North America is expected to continue dominating the endotracheal tube market during the forecast period, supported by advanced healthcare facilities, higher healthcare spending and increasing prevalence of chronic respiratory diseases. Asia Pacific is anticipated to exhibit fastest growth, driven by rapidly developing healthcare infrastructure, growing medical tourism industry and rising disposable incomes in developing countries like China and India.

Key players
Key players operating in the endotracheal tube market include 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. Major players are focusing on new product launches, partnerships, and geographical expansion strategies to gain market share.

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