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 flexible plastic tubes used to maintain an open airway and deliver anesthetic gases to the lungs during surgery or in an emergency setting. They are inserted through the mouth and secured at the site where the trachea divides into bronchi. Endotracheal tubes aid in ventilation of the lungs and protect the lungs from stomach contents and secretions in unconscious patients.
Market key trends:
The increasing adoption of artificial intelligence technologies is expected to boost the endotracheal tube market growth over the forecast period. AI technologies allow computer vision capabilities to endotracheal tubes which help physicians get a digital visualization of the airway during intubation procedures. They reduce procedural complications and improve intubation success rates. For instance, in 2021, Anthropic Inc. developed an AI-based technology called "Athena" that can guide endotracheal tubes into patients' airways and provide visualization to physicians during intubation.
Segment Analysis
The endotracheal tube market is segmented based on product, application, age group, end user, and region. By product, the market is categorized into reinforced endotracheal tubes, neuroendotracheal tubes, oral endotracheal tubes, nasotracheal tubes, and tracheostomy tubes. The tracheostomy tubes segment is expected to dominate the market during the forecast period, owing to growing number of patients undergoing prolonged mechanical ventilation procedures.
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 prevalence of respiratory diseases and rising number of surgical procedures.
Regional analysis
North America is expected to dominate the global endotracheal tube market during the forecast period. This is attributed to presence of established healthcare facilities, growing geriatric population, and rising prevalence of chronic respiratory diseases in the region. Asia Pacific is anticipated to exhibit fastest growth rate over the forecast period.
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.
The global endotracheal tube market size was valued at US$ 920.0 Mn in 2023 and is projected to reach over US$ 1,500.0 Mn by 2030, expanding at a CAGR of 6.6% from 2023 to 2030.
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