Global Endotracheal Tube Market is expected to grow at a CAGR of 6.3% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Endotracheal Tube Market by Intubation (Nasotracheal Intubation, Orotracheal Intubation), Application (Emergency Medicine, Anesthesia), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global endotracheal tube market is expected to grow from USD 1.95 billion in 2019 to USD 3.18 billion by 2027, at a CAGR of 6.3% during the forecast period 2020-2027. North-America has the largest share of endotracheal tube market due to an increased prevalence of ventilator and high healthcare spending. Also, an increased number of surgeries due to respiratory diseases and chronic cardiovascular is driving the market in the region.
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Key players in the global endotracheal tube market are C.R. Bard, Sonoma Pharmaceutical, N8 Medical, Enox Biopharma, Armstrong Medical, Airway Innovations, Medtronic, ConvaTec, Sewoon Medical, Hollister, Purecath Medica, Teleflex, Hospiteknik Healthcare, Bactiguard, Brio Device, Fuji System, Well Lead, Venner Medical, Medline Industries, Becton Dickinson and Company, Smiths Group and Parker Medical. Key players are focusing on mergers, collaborations, strategic partnerships and acquisitions. Companies are also launching innovative product in order to expand the product portfolio. Technological innovations and advancements are also driving the growth of the market. Hence, key players are focusing more on investing in research and development.
The intubation segment includes nasotracheal intubation and orotracheal intubation. Orotracheal intubation segment has the largest share of endotracheal tube market. It is expected to show the highest over the forecast period. Whereas, Nasotracheal intubation process includes passing of a tube through the nose into the trachea. It is commonly used in surgeries of the neck and head region. It allows good surgical access and better isolation. The application segment includes emergency medicine and anaesthesia. Emergency treatment segment is expected to show the highest growth over the forecast period. It is due to increased incidences of emergencies such as airway obstruction, cardiac arrest, respiratory arrest, inadequate oxygenation and ventilation. Moreover, a rise in the extent of trauma injuries and road accidents are contributing in the growth of endotracheal tube market.
The global endotracheal tube market is driven by increased prevalence of chronic diseases such as cardiovascular diseases, respiratory diseases, lung injuries and cancer. Also, the growth of older populations as well as the incidence of ventilator-associated pneumonia, are contributing in the growth of endotracheal tube market. A rise in the incidence of respiratory diseases such as chronic obstructive pulmonary disorders, pulmonary embolism, sleep disorders and increased surgeries across the world is driving factor in the growth of the global endotracheal tube market over the forecast period. Moreover, increased investment in the healthcare industry by private organizations and governments is a contributing factor in an increased demand for endotracheal tubes.
About the report:
The global endotracheal tube market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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