The Global Anesthesia Endotracheal Tube Market, by Product Type (Nasotracheal Tubes and Orotracheal Tubes), by End User (Hospitals and Ambulatory Surgical Centers) was valued at US$ 134.2 million in 2017 and is projected to exhibit a CAGR of 6.1% over the forecast period (2018 - 2026). Endotracheal tubes are mostly made of polyvinylchloride (PVC) and are single-use. This are embedded into the trachea for the administration of anesthesia, ventilation of the lungs, aspiration of secretions, maintenance of the airway passage, and anticipation of the passageway of foreign material into the tracheobronchial tree.
Increasing incidence of cardiovascular diseases, chronic diseases, and cancer are expected to increase the number of surgical procedures, which in turn is expected to fuel growth of the anesthesia endotracheal tubes market during the forecast period. For instance, according to Cancer Research U.K., 359,960 new cancer cases were diagnosed in U.K. in 2015 and 45% of these patients underwent cancer surgery. Furthermore, growing number of hospitals is also expected to drive growth of the market. According to American Hospital Association (AHA), an annual survey of hospitals recorded 5,534 total number of registered hospitals in 2017, which increased to 5,564 in 2018, in the U.S.
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Manufacturers are engaged in expanding their services through online so that maximum end users can access their product and in turn help them to gain more sales. Online marketing services help manufacturers to minimize distribution, set-up, and operational costs. Many online service vendors such as IndiaMART and MedicalExpo sell anesthesia disposables products online. Vendors, like Medplus and Armstrong Medical also sell anesthesia disposables products through online platforms. They also deliver discounts and promotional offers to increase the number of online purchases. Such platforms provide a significant advantage for anesthesia endotracheal tubes which can be purchased in a bulk by hospitals or ambulatory surgical centers at effective prices and in turn help manufacturers to gain the substantial volume growth and value returns.
Key Takeaways of the Anesthesia Endotracheal Tube Market:
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