Global Endotracheal Tube Market to Surpass US$ 1,212.8 Million by 2027 - Coherent Market Insights

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Mar 09, 2020, 11:02 ET

SEATTLE, March 9, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global endotracheal tube market is estimated to be valued at US$ 739.4 million in 2019, and is expected to exhibit a CAGR of 6.4% over the forecast period (2019-2027).

Key Trends and Analysis of the Global Endotracheal Tube Market:

Key trends in market include increasing incidence of respiratory and pulmonary disorders such as chronic obstructive pulmonary disease (COPD), increasing number of product launches, and increasing collaborations and acquisitions by key market players. For instance, according to the World Health Organization's estimation report in December 2017, around 251 million cases of chronic obstructive pulmonary disease (COPD) were diagnosed worldwide in 2016.

Furthermore, according to the American Medical Association (AMA) article published in 2019 in the Journal of the American Medical Association (JAMA) reports that in 2014 and 2015, in the U.S. over 6.0% of adults aged 40 years or older were diagnosed with chronic obstructive pulmonary disease (COPD).

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The increasing product launches is expected to drive growth of the global endotracheal tube market over the forecast period. For instance, in January 2020, Smiths Medical, a global medical devices manufacturing company launched Portex tracheostomy tubes and kits. These tubes are available with or without inner cannula, cuffed or uncuffed, fenestrated or unfenestrated.

Furthermore, key players operating in the market are focused on adopting acquisitions and collaborations strategies, in order to expand their product offerings in the market. For instance, in October 2017, Salter Labs acquired Parker Medical, a medical device company based in Highlands Ranch, U.S. With this acquisition, Salter complemented its existing product portfolio of respiratory care business with innovative, clinically-preferred airway management products of Parker Medical, which was the manufacturer of Flex-Tip endotracheal tubes.

Key Market Takeaways:

The global endotracheal tube market is expected to exhibit a CAGR of 6.4% over the forecast period, owing to rising incidence of respiratory and pulmonary disorders and increasing number of product launches. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2015, the incidences of COPD increased by 44.2% to reach 174.5 million globally.
North America is expected to hold dominant position in the global market, owing to presence of key players in the region such as Smiths Medical, Neurovision Medical Products, and Avanos Medical, Inc, and rising incidence of respiratory and pulmonary disorders. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2016, over 8.9 million people in the U.S. were diagnosed with chronic bronchitis and around 75% of cases involved people over age of 45.

Key players operating in the global 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

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Market Segmentation:

Global Endotracheal tube Market, By Product Type:

Cuffed
Uncuffed
Armored/Reinforced
Others

Global Endotracheal tube Market, By Route:

Orotracheal
Nasotracheal

Global Endotracheal tube Market, By End User:

Hospital
Ambulatory Surgical Centers
Others

Global Endotracheal tube Market, By Region:

North America

U.S.
Canada

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

Europe

Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

GCC
Israel
Rest of Middle East

Africa

South Africa
Central Africa
North Africa

Company Profiles

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ANESTHESIA ENDOTRACHEAL TUBE MARKET

Geriatric population is highly susceptible to diseases and thus, account for a large proportion of the global patient population. According to United Nations, Department of Economic and Social Affairs, Population Division, the global population aged 60 & above increased by 68% in urban areas and by 25% in the rural areas between 2000 and 2015. This rise in geriatric population scenario is shaping favorably for sustained growth of anesthesia endotracheal tube market over the following decade.

TRACHEAL TUBE & AIRWAY PRODUCTS MARKET

Global tracheal tube and airway products market growth is expected to accelerate, owing to increasing product launches, adoption of growth strategies, and higher prevalence of respiratory diseases. For instance, in August 2017, Salter Labs acquired IntuBrite, Parker Medical, and InnoMed Technologies. The purpose of acquisition was expansion of product portfolio in airway management.

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SOURCE Coherent Market Insights