Endotracheal Tube Market Growth Steered By Rising Incidence Of Respiratory Diseases
Author : Leena Shedmake | Published On : 23 Jan 2024
Endotracheal tubes are medical devices inserted through the mouth or nose to maintain an open airway and permit ventilation of the lungs during anesthesia, surgery, sedation, intensive care, or emergency medicine situations. They are used during mechanical ventilation to maintain airflow to the lungs and remove carbon dioxide from the body during general anesthesia for surgery and respiratory conditions such as pneumonia or chronic obstructive pulmonary disease.
The global endotracheal tube market is estimated to be valued at US$ 1059.84 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
The global endotracheal tube market is primarily driven by the rising prevalence of respiratory diseases worldwide. According to the World Health Organization, respiratory diseases accounted for nearly 26% of all global deaths in 2016, with 4.2 million people dying as a result of chronic obstructive pulmonary disease (COPD) and 3.2 million dying as a result of lower respiratory infections. Moreover, rising incidence of road accidents, trauma injuries, and increased number of surgical procedures performed annually are also contributing to the growth of the market. The introduction of advanced endotracheal tubes with improved safety features such as anti-microbial coatings and high volume-low pressure cuffs has further accelerated their demand in intensive care units and operating rooms across hospitals. However, risks and complications associated with endotracheal intubation such as vocal cord damage, sinusitis, and ventilator-associated pneumonia are expected to hinder market growth over the forecast period.
SWOT Analysis
Strength: Endotracheal tubes help provide a clear airway for anesthesia delivery and ventilation support. They are flexible, biocompatible, and allow for lung isolation during surgery. Different sizes and designs help health care providers intubate patients of various ages and sizes.
Weakness: Endotracheal intubation can cause trauma and injury to the lips, gums, teeth, and vocal cords if not done properly. Patients may experience throat pain, hoarseness, or damage after prolonged intubation. Improper tube placement could lead to lung collapse or inability to effectively ventilate the patient.
Opportunity: Growth of the geriatric population suffering from chronic respiratory conditions increases the demand for endotracheal tubes. Rising incidences of preterm births and neonatal emergencies also boost the market. Advancing technologies introduce tubes made of safer materials with integrated features to prevent misplacement.
Threats: Alternate airway management devices like laryngeal mask airways and intubating LMAs compete in certain clinical settings. Strict regulations and quality standards increase manufacturing costs. Supply chain disruptions during the COVID-19 pandemic constrained tube production.
Key Takeaways
The Global Endotracheal Tube Market Size is expected to witness high growth. The global endotracheal tube market is estimated to be valued at US$ 1059.84 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031.
Regional analysis related content comprises the North American region currently dominates due to advanced healthcare infrastructure and rising surgical volumes. Pricing pressures in the US could hamper market revenue.
Key players related content comprises 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.
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