Tracheal Tube and Airway Products Market to Surpass US$ 5,331.7 Billion Threshold by 2026 - Coherent Market Insights

Published On : Jun 28, 2019

The global tracheal tube and airway products market by Product Type (Products (Endotracheal Tube, Oral Airway Tube, Nasal Airway Tube, Oral/Nasal Airway Tube, Laryngoscope, Others) and Accessories), by Material (Polyvinyl Chloride (PVC), Thermoplastic Polyurethane (TPU), Silicone, Polyolefins (Polyethylene (PE) and Polypropylene (PP)), and Others),  By End User (Hospitals, Surgical / Ambulatory Surgical Centers, and Homecare Settings), and By Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 3,050.6 million in 2017 and is projected to exhibit a CAGR of 6.4% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights.

The global tracheal tube and airway products market is expected to witness significant growth over the forecast period, owing to factors such as collaborations and partnerships, mergers and acquisitions, and product launches. Furthermore, higher prevalence of diseases including obstructive sleep apnea, chronic obstructive pulmonary diseases, etc. is expected to fuel global tracheal tube and airway products market growth. According to Centre for Disease Control and Prevention (CDC) data 2017, around 8.6 million people were diagnosed with chronic bronchitis and 3.4 million with emphysema in the U.S. Chronic bronchitis and emphysema are part of chronic obstructive pulmonary diseases.

In January 2018, Aerin Medical, Inc. launched a product, VIVAER Non-Invasive Airway Remodeling System. It is being used for the treatment of nasal airway obstruction instead of implants or incisions. Its clinical studies revealed that maximum number of participants showed significant progress in nasal airflow. Furthermore, in January 2019, Adroit Surgical LLC launched a laryngoscope and intubation product, Vie Scope and the Voir Bougie respectively. The laryngoscope is battery–powered and the circular tube has an open end that allows visualization of vocal cords. The intubation offers safety and efficiency. This intubation has marked bands that allow detection of the depth of insertion, which prevents tracheal or lung injury. Hence, such products are expected to drive the global tracheal tubes and airway products market growth.

Browse 26 Market Data Tables and 32 Figures spread through 172 Pages and in-depth TOC on Global Tracheal Tube and Airway Products Market by Product Type (Products (Endotracheal Tube, Oral Airway Tube, Nasal Airway Tube, Oral/Nasal Airway Tube, Laryngoscope, Others) and Accessories), by Material (Polyvinyl Chloride (PVC), Thermoplastic Polyurethane (TPU), Silicone, Polyolefins (Polyethylene (PE) and Polypropylene (PP)), and Others), By End User (Hospitals, Surgical / Ambulatory Surgical Centers, and Homecare Settings), 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 Tracheal Tube and Airway Products Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/tracheal-tube-and-airway-products-market-2766

Increasing product launches by key players are expected to accelerate the global tracheal tubes and airway products market growth. For instance, in January 2019, Olympus Corporation introduced a product in the market, Spiration bronchial valve. It is designed for the treatment of severe emphysema and is a minimally invasive airway type of therapy. It directs the air towards the healthier part of lungs and away from hyper inflated part of lungs.

Furthermore, adoption of strategies such as acquisitions by key players is expected to impel the global tracheal tubes and airway products market growth. For instance, in June 2018, Novo Clinic Service GmbH, a medical technology developer company acquired Innocath GmbH, to expand its product portfolio. The ventilation product of Innocath GmbH is being added to the airway management product line. It also includes respiratory tubing systems, laryngeal masks, tubes, and other accessories. Hence, these factors are expected to boost the global tracheal tubes and airway products market growth.

Key Takeaways of the Global Tracheal Tube and Airway Products Market:

  • The global tracheal tube and airway products market is expected to exhibit a CAGR of 4% over the forecast period (2018–2026), owing to rising prevalence of diseases such as chronic obstructive pulmonary disorder
  • Manufacturers are constantly focused on developing new products, which is expected to propel the global tracheal tube and airway products market growth
  • Adoption of growth strategies including mergers, acquisitions, partnerships, etc. by key players is expected to aid the global tracheal tubes and airway products market growth
  • Major players operating in the global tracheal tube and airway products market include Teleflex Inc., Smiths Medical, Medtronic Plc., Medis Medical (UK) Ltd, VBM Medizintechnik GmbH, The Airway Company (Shikani Medical, LLC), Halyard Health, Boston Medical Products Inc., BomiMed, and Mercury Medical

About Coherent Market Insights:

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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