This report was recently updated on April 18 2024 with the latest and most recent
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Global Endotracheal Tubes Market Size, Trends & Analysis - Forecasts To 2026 By Application (Emergency Treatment, Therapy, Others), By Product Type (Regular Endotracheal Tube, Reinforced Endotracheal Tube, Double lumen Endotracheal Tube, Preformed Endotracheal Tube), By Route Type (Orotracheal, Nasotracheal), By End Use (Ambulatory Surgical Centers, Hospitals, Clinics, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Endotracheal Tubes Market: Insights
The global endotracheal tubes market is expected to generate revenue amounting to USD 1.91 billion in 2020, and is projected to reach to USD 2.75 billion by 2026, growing at a CAGR of 6.25% over the forecast period. Rising number of surgical procedures due to increasing incidences of chronic diseases such as cardiovascular disease, cancer, and other respiratory diseases are expected to propel the market growth during the forecast period. According to the data published by World Health Organization Report 2019, respiratory diseases are the leading cause of death globally, which accounts for around 4.0 million deaths every year. Increasing occurrence of Ventilator-associated Pneumonia (VAP) in patients is also expected to drive the market growth during the forecast period.
Growth in surgeries requiring administration of anesthesia has fueled the growth of endotracheal tubes market. Rise in geriatric population along with growing air pollution resulting in respiratory diseases across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of endotracheal tubes. However, product failures and recalls, are likely to hamper the market growth during the forecast period.
Endotracheal Tubes Market Size: By Segmentation
The global endotracheal tubes market is segmented on the basis of product type into regular endotracheal tube, reinforced endotracheal tube, preformed endotracheal tube, and double lumen endotracheal tube. The regular endotracheal segment is expected to hold the largest market share in the global endotracheal tubes market during the forecast period. Increasing cases of VAP is driving the demand for regular endotracheal tube. The reinforced endotracheal tube segment is expected to grow at a high CAGR during the forecast period. Rising incidence of road accidents and trauma injuries along with increasing surgeries across the globe is driving the market growth for reinforced endotracheal tube segment.
On the basis of route type, the global endotracheal tubes market is segmented into orotracheal, and nasotracheal. The orotracheal segment is expected to hold the largest market share during the forecast period. Orotracheal intubation are used to control the airway in a patient undergoing surgeries. Orotracheal type is also used for critically ill patients with serious injury or multisystem diseases. Orotracheal segment has high applicability, and is more comfortable for many surgeries compared to nasotracheal type. Orotracheal incubation is widely used for many emergency situations such as respiratory or cardiac arrest, and inadequate oxygenation or ventilation among others.
On the basis of application, the market is segmented into emergency treatment, and therapy among others. The emergency treatment segment is expected to hold the largest market share in the global Endotracheal Tubes market during the forecast period. Growing incidence of emergency conditions such as cardiac arrest respiratory problems, airway obstruction as well as inadequate ventilation are some of the major factors driving the market growth for endotracheal tubes market.
On the basis of end use, the market is segmented into hospitals, clinics, and ambulatory surgical centers among others. The clinical segment is expected to hold the largest market share during the forecast period. Increasing prevalence of respiratory chronic diseases, and rising awareness pertaining to benefits of clinics as well as fair reimbursement policies are expected to propel the market growth during the forecast period. The hospitals segment is also expected to grow at a significant market growth. Growing healthcare expenditure along with growing number of hospitals in the developing nations is driving the market growth for hospitals segment.
Endotracheal Tubes Market Size: By Region
On the basis of region, the market of Endotracheal Tubes is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market during the forecast period. Advanced healthcare system and the growing prevalence of chronic diseases are driving the market growth in the region. Presence of prominent players such as Teleflex Incorporated, Medline Industries, and Medtronic among others is driving the market growth in the region. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. The expanding heath care sector along with increasing FDI in the region is driving the market growth in the region. Growing prevalence of ventilator associated pneumonia, and increasing geriatric population are driving the demand for endotracheal tubes in the region.
Endotracheal Tubes Market Landscape:
Endotracheal tubes are mostly made of polyvinylchloride (PVC) and are single-use. Endotracheal tubes (ETTs) typically have a left-facing bevel at the tip and, as a second design feature, a Murphy eye. Endotracheal tubes are used to establish and maintain airway patency, prevent aspiration into the lungs and allow mechanical ventilation.
In December 2019, Medtronic announced the developments of new anesthesia safety.
In September 2019, Smiths Medical partnered with Medline Industries for distribution of the Portex acapella choice vibratory PEP therapy device.
In November 2017, Flexicare acquired Medisize B.V. to enhance its presence in the European countries, including the Netherlands, Germany, and Italy. Moreover, this development is expected to accelerate revenue growth and drive overall earnings & growth potential for Flexicare’s wider range of anesthesia and airway management products.
Endotracheal Tubes Market Share & Competitor Analysis
Some of the key players operating in the endotracheal tubes market are Teleflex Corporation, Medtronic, Medline Industries, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, Smiths Group, and ConvaTe, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Endotracheal Tubes Market Report
Endotracheal Tubes Market: By Application
Endotracheal Tubes Market: By Product Type
Endotracheal Tubes Market: By Route Type
Endotracheal Tubes Market: By End Use
Endotracheal Tubes Market: By Region
The global Endotracheal Tubes Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Endotracheal Tubes Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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