Endotracheal Tube Market to Surpass US$ 3.2 Billion Threshold by 2026

Published On : Apr 03, 2019

The global endotracheal tube market by Product Type (Cuffed, Uncuffed, Armored/Reinforced, Diameter Size, and Others), by Route (Orotracheal and Nasotracheal),  by End User (Hospitals and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 1,850.6 million in 2017, and is projected to exhibit a CAGR of 6.6% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights.

Modifications in development of endotracheal tubes to cater the ventilation associated problems, apart from performing its usual function of ventilation, are expected to boost the global endotracheal tube market growth. Moreover, key players in the market are focused on research and development of new endotracheal tubes in order to enhance their market share. For instance, in November 2016, Bactiguard, a Swedish medical device company, launched Bactiguard Infection Protection (BIP) Endotracheal Tube Evac. The product is designed to prevent ventilator associated pneumonia (VAP), which is one of the most common nosocomial (originating in hospital) infections in Intensive Care Units (ICU). Company claims the BIP Endotracheal Tube Evac to be the only product in market with dual features of subglottic secretion drainage and coating for infection prevention.            

Browse 26 Market Data Tables and 27 Figures spread through 167 Pages and in-depth TOC on Global Endotracheal Tube Market, by Product Type (Cuffed, Uncuffed, Armored/Reinforced and Diametre Size), by Route (Orotracheal and Nasotracheal), by End User (Hospitals and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026

To know the latest trends and insights prevalent in the Global Endotracheal Tube Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/endotracheal-tube-market-2564

Increasing product launches by manufacturers is expected to boost growth of global endotracheal tube market. For instance, BRIO DEVICE, LLC, is developing an articulate stylet to be used with endotracheal tube. Brio’s INT Navigator Articulating Stylet, which entered production in January 2019, enables the users to articulate the stylet (a device/probe used for establishing airway in tracheal intubation) tip via a thumb guided control present on handle and ultimately achieving better placement of the endotracheal tube in the trachea. Increasing focus of key players in developing products associated with the use of endotracheal tube is expected to boost the global endotracheal tube market over the forecast period.

Key Takeaways of the Global Endotracheal Tube Market:

  • The global endotracheal tube market is expected to exhibit a CAGR of 6% over the forecast period. This is owing to increasing research and development activities by key players and product launches.
  • Manufacturers are focused on geographical expansion by company mergers and acquisitions as well as obtaining approval for marketing of their products in new regions.
  • Development of endotracheal intubation associated products such as stylet, cuff pressure monitors, electromyography (EMG) monitoring assisted endotracheal tubes are expected to advance the endotracheal tube segment.
  • North America is expected to dominate in global endotracheal tube market over the forecast period, owing to product launches and active research and development.
  • Major players operating in the global endotracheal tube market include, NA Medical LLC, Bactiguard, Kimberly-Clark, Medtronic Plc, Smiths Medical, Teleflex Inc., ConvaTec Inc., Neurovision Medical Products, Intersurgical Inc., Royax and Sanovas Inc.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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