Intubation Tube Market Worth US$ 2.4 Bn by the end of 2032 | CAGR of 6.8% – by FMI
[250 Pages Report] Newly-released Intubation Tube Market analysis report by Future Market Insights shows that global sales of the Intubation Tube Market in 2021 were held at US$ 2.2 Bn in 2021. The estimated market growth between 2022 and 2032, at 6.8%, is expected to be higher than historical growth.
Orotracheal route type is expected to be the highest revenue-generating segment, which is projected to grow at a CAGR of over 7.2% during 2022 – 2032.
There has been a growth in the number of chronic illnesses which has raised the demand for Intubation Tube Market. Concerns about Ventilator-associated pneumonia have opened the way for medical devices with antibacterial and anticoagulant coatings. Other important drivers driving market expansion include the rising frequency of chronic respiratory illnesses and the increasing need for mechanical ventilation.
Furthermore, rising advances in nanobiotechnology and medicines design, as well as an increase in the number of surgeries, are expected to support the surge in product demand through 2027.
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Revenue Of Intubation Tube Market From 2017 To 2021 Compared To Demand Outlook For 2022 To 2032
As per the Intubation Tube Market research by Future Market Insights – market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Intubation Tube Market increased at around 5.6% CAGR.
Intubation Tube Market are in high demand due to an increase in surgeries. There has been a lowered risk of infection linked with tubes while also enhancing product safety owing to technological advancements in endotracheal tubes.
Ventilator-associated pneumonia is more common in patients who have been on an Intubation Tube Market for over 48 hours. As a result, a large number of companies are working on antibacterial and anti-coagulant coatings to help reduce ventilator-associated pneumonia.
Also, the Coated Endotracheal Tube Market has been increasing owing to the rising prevalence of ventilator-associated pneumonia, thereby supporting market growth. As a consequence, technical advancements in Intubation Tube Market, as well as the surge in the geriatric population that is more susceptible to a number of chronic conditions, will aid market growth throughout the projection period.
Orotracheal intubation is expected to account for a considerable revenue share, owing to the increased penetration in emergency situations such as catastrophic injuries and cardiac arrests. Orotracheal intubation is becoming more popular among patients due to its superior comfort and applicability. The increased need for less painful and simple surgeries will further propel the market forward.
What Factors Are Propelling Intubation Tube Demand?
The rising frequency of chronic respiratory disease, the growing incidence of ventilator-associated pneumonia, increasing road accidents and trauma injuries, increasing prevalence of cancer, lung injuries, cardiovascular diseases, and technological developments in Intubation Tube Market are driving the market growth.
Owing to the increased occurrence of road accidents around the world, emergency treatment applications of Intubation Tube Market are expected to gain significant traction. More than 1.3 Mn people die in road traffic accidents per year, according to the World Health Organization (WHO). The industry’s growth will be influenced by the growing need to address poor ventilation and the rising number of occurrences of respiratory disorders.
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What Factors Are Hampering Growth Of Demand For Intubation Tube Market?
The hospitals which have acquired infections such as ventilation-associated pneumonia are driving the growth of the Intubation Tube Market. In ICU patients are at utmost risk of dying due to procedure complications or various other reasons, one of the reasons being critical illness via secondary processes which include nosocomial infection.
The second most common nosocomial infection is pneumonia in critically ill patients to put into perspective which affects 27% of the critically ill patients. Nearly 86% of nosocomial pneumonia is caused by ventilator-associated pneumonia.
Ventilator-associated pneumonia-related mortality has been estimated to be between 0% and 50%. When it comes to assessing attributable mortality, different studies have produced varied conclusions, owing to the fact that the populations studied are so diverse.
Which Region Is Projected To Offer The Largest Opportunity For The Intubation Tube Market?
North America accounts for over 30% of the global Intubation Tube Market. It is primarily due to the development and evolution of healthcare facilities, the growing geriatric population, the rising prevalence of chronic conditions, the growing acceptance of analytical solutions, technical improvements, and the existence of key players.
Over the projected period, the market in Asia Pacific is expected to develop at the fastest rate. The sales of Intubation Tube in the region is expected to rise as the region’s elderly population ages also rises.
Which Country is at the Centerstage for Sales of Endotracheal Tube?
U.S. contributed over 30% to the global Intubation Tube Market revenue in 2021. The surge in tracheal diseases including tracheal stenosis, bronchial tumor, and tracheobronchomalacia have escalated the need for Intubation Tube Market demand in the country.
According to National Cancer Institute, lung and bronchus cancer in 2022, new lung and bronchial cancer cases in the U.S. is estimated at 236, 740 which is 12.3% of all new cancer cases. With this the death toll for this disorder will tally to 130,180, equivalent to 21.4% of all cancer-led deaths in the country.
Why Revenue through Orotracheal is projected to Witness Fastest Growth among Intubation Tube Market route types?
Revenue through the orotracheal route type is forecasted to grow at the higher CAGR of over 7.2% during 2022-2032. Orotracheal incubation is commonly used in cases of respiratory or cardiovascular arrest, poor oxygenation or ventilation and current or projected airway obstruction. As a result, orotracheal tube demand has increased over the years, and the route type is expected to grow at a strong rate over the projection period.
Which Application of Intubation Tube Market is expected to Score Highest Growth in the Coming Years?
Intubation Tube Market revenue through emergency treatment application remains the highest, with an estimated 7.3% CAGR during the forecast period. The majority of emergency treatment comes from the rising occurrences of traffic accidents, , and increased frequency of emergency conditions such as cardiac arrest and respiratory, airway obstruction, and inadequate breathing.
Over the projection period, key drivers for Intubation Tube Market growth through emergency treatment include an increase in the number of surgeries performed, a surge in the frequency of chronic respiratory disorders and ageing population.
The growing adoption of modern healthcare technology for enhanced healthcare is a key factor influencing the competitive character of the industry. In addition, large players frequently combine mergers and acquisitions with new product releases in order to maintain intubation tube market share and broaden their product portfolio.
Some of the recent developments of Intubation Tube Manufacturers are as follows:
- In August 2020, Bactiguard’s Intubation Tube Market have been approved by Health Canada for the prevention of COVID-19 infection. The revolutionary device helps to reduce severe infection in severely unwell patients.
- In April 2020, Hydromer partnered with N8 Manufacturing being the exclusive licensee for the product CeraShield Intubation Tube Market, which is used to treat in intensive care units and mechanical ventilators during COVID-19 patients across Canada.
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Intubation Tube Market Report Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel.
Key Market Segments Covered
Type, Route Type, Application, Region
Key Companies Profiled
- Teleflex Corporation
- Medline Industries
- Venner Medical
- Sonoma Pharmaceutical
- Hospiteknik Healthcare
- Armstrong Medical
- Airway Innovations
- Smiths Group
- ConvaTec, Inc.
- DePuy Synthes
- Zimmer Biomet
- Smith Nephew
Market Segments Covered In Intubation Tube Market Analysis
By Product Type:
- Regular Intubation Tube Market
- Reinforced Intubation Tube Market
- Preformed Intubation Tube Market
- Double lumen Intubation Tube Market
By Route Type:
- Orotracheal Tube
- Nasotracheal Tube
- Emergency Treatment
- Other Applications
- North America
- Latin America
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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