Global Endotracheal Tube Market, by Product Type (Cuffed, Uncuffed, Armored/Reinforced, and Others), by Route (Orotracheal and Nasotracheal), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is expected 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), as highlighted in a new report published by Coherent Market Insights.
Increasing demand for advanced and efficient endotracheal tubes for to assist breathing in patient suffering from respiratory disorders is expected to provide immense growth opportunities for industry players operating in the global market over the forecast period. Moreover, key players in the market are focused on developing intubation systems to improve the endotracheal intubation procedure. For instance, in December 2016, Sanovas, Inc. launched LightSpeed Intubation System (LSI), a new and improved approach in endotracheal intubation. The system is offered by Intubation Science, Inc., a wholly owned subsidiary of Sanovas, Inc. The product is designed to improve accuracy and speed of endotracheal intubation procedure, and make airway management safer and faster.
Players operating in the market are focused on research for development of advanced and efficient product development, which is expected to drive the market growth over the forecast period. For instance, in August 2018, Teleflex initiated a U.S.-based clinical study for CleanSweep closed suction system. The CleanSweep system uses both sweeping balloon technology and conventional suction collection to remove secretion build-up inside the endotracheal tubes.
Browse 34 Market Data Tables and 30 Figures spread through 183 Pages and in-depth TOC on “Endotracheal Tube Market”- Global Forecast to 2027, by Product Type (Cuffed, Uncuffed, Armored/Reinforced, and Others), by Route (Orotracheal and Nasotracheal), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in the global Endotracheal Tube market, click the link below:
Key players in the market are focused on adoption of expansion strategies such as mergers and acquisitions, collaborations and partnerships, in order to expand their product portfolio and global presence in the endotracheal tube market. For instance, in August 2019, Novo Klinik-Service GmbH acquired Innocath GmbH, a Germany-based medical device manufacturing company. Under this acquisition, Novo Klinik-Service GmbH expanded its airway management product portfolio by adding Innocath’s products in its product portfolio.
Moreover, in January 2017, Bactiguard and Mediplast entered into a partnership for distribution of Bactiguard infection prevention products in European countries such as Belgium, the Netherlands, and Luxembourg.
Key Takeaways of the Global Endotracheal Tube Market:
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.