by 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 Overview:
Endotracheal tubes are medical devices that are inserted through the mouth or nose and then placed in the trachea to maintain an open airway and deliver gas to the lungs during mechanical ventilation or anesthesia. Endotracheal tubes come in various sizes depending on the patient’s age, size, and condition. They are made from polyvinyl chloride (PVC) or silicone and have an inflatable cuff to make a seal in the trachea and prevent aspiration. Endotracheal tubes help patients receive increased oxygen flow and remove carbon dioxide from the body, ensuring proper breathing during medical procedures. They are commonly used in intensive care units for respiratory support in critically ill patients.
Market key trends:
One of the key trends in the endotracheal tube market is the growing demand for single-use tubes. Single-use endotracheal tubes help prevent the risk of cross-contamination between patients. They are safer, more hygienic, and cost-effective than reusable tubes. Another trend gaining traction is the development of safer and gentler tubes with modified tips and coating to minimize trauma. Manufacturers are also focused on developing products with integrated features like subglottic suction ports and lightweight tubes for improved patient comfort and outcomes. Rising ICU admissions, increasing incidence of respiratory diseases, and growing geriatric population are some of the factors expected to drive the growth of the endotracheal tube market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Endotracheal Tube Market is moderate due to the presence of stringent regulations and significant capital requirements associated with R&D and manufacturing.
Bargaining power of buyers: The bargaining power of buyers in the Endotracheal Tube Market is high as endotracheal tubes are considered a necessity in critical care procedures, giving buyers ample choices to negotiate on price and delivery terms.
Bargaining power of suppliers: The bargaining power of suppliers in the Endotracheal Tube Market is low owing to the availability of a large number of raw material suppliers globally.
Threat of new substitutes: Currently, there is no substitute available for endotracheal tubes.
Competitive rivalry: The competitive rivalry in the Endotracheal Tube Market is high due to the presence of numerous global and regional players.
Key Takeaways
The Global Endotracheal Tube Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing demand for improved intubation and airway management devices.
Regional analysis: North America is expected to dominate the global Endotracheal Tube Market during the forecast period. This is attributed to the growing prevalence of chronic diseases, increasing number of surgeries, and rising geriatric population in the region. Asia Pacific is anticipated to exhibit the fastest growth rate owing to improving healthcare infrastructure and rising medical tourism in regions such as India and China.
Key players: 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. Medtronic Plc holds a significant share of the endotracheal tube market due to its diverse product portfolio and strong geographical presence across the globe.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
