Endotracheal tubes are medical devices that are inserted through the mouth or nose and then placed in the trachea to maintain an open airway and facilitate ventilation during surgery, during an emergency, or when a person is unable to breathe adequately. Endotracheal tubes are essential for supporting people with respiratory failure, cardiorespiratory arrest, and others. They allow the person to breathe while under anesthesia or mechanically ventilated. The global endotracheal tube market is gaining traction owing to the growing prevalence of chronic respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). The rising number of emergency department visits and hospital admissions due to respiratory diseases are further augmenting the demand for endotracheal tubes.
The global Endotracheal Tube Market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends propelling the growth of the endotracheal tube market is the increasing number of surgical procedures. Endotracheal tubes are an integral part of general anesthesia during surgeries to ensure patency of the patient's airway and facilitate ventilation. According to the American Society of Anesthesiologists, in the U.S., over 50 million surgical procedures are performed every year that require general anesthesia and endotracheal intubation. Moreover, technological advancements in endotracheal tubes aimed at improving patient safety and comfort are also fueling the market growth. Some of the new technological modifications in endotracheal tubes include incorporation of cuffs to prevent aspiration, inclusion of subglottic secretion drainage ports, use of softened materials for tubes, and others. These innovations are helping reduce post-intubation trauma and complications.
Segment Analysis
The global Endotracheal Tube market is dominated by the plastic sub-segment, which holds a market share of over 60%. Plastic endotracheal tubes are preferred over conventional rubber tubes as they are lighter, more flexible, kink-resistant and associated with fewer complications. The increasing demand for non-invasive ventilation techniques and the high preference for single-use plastic tubes to prevent cross-contamination are driving the plastic sub-segment's dominance in the endotracheal tube market.
Key Takeaways
The global Endotracheal Tube Market Share is expected to witness high growth over the forecast period of 2023 to 2030. The increasing prevalence of respiratory diseases, rising number of ICU admission rates and growth in demand for emergency care are fueling market expansion. The global endotracheal tube market is estimated to be valued at US$ 920 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
Regional analysis: North America dominates the global endotracheal tube market and is expected to continue its dominance over the forecast period. This can be attributed to factors such as the growing geriatric population, high healthcare spending, high smoking rates and the presence of major players in the region. Asia Pacific is expected to exhibit the fastest growth during the analysis period owing to improving healthcare infrastructure, rising medical tourism, growing incidence of chronic respiratory diseases and increasing focus of international players on expanding their presence in emerging Asia Pacific countries.
Key players: Key players operating in the Endotracheal tube market are Carrier, Haier Group, Emerson Electric Co., LG Electronics., Lennox International, Rheem Manufacturing Company, Trane Technologies plc, Vishay Intertechnology, Inc., Acuity Brands Lighting, Inc., Ideal Industries, Inc., Lumigrow, Hubbell, Constellation Newenergy, Inc., Energy Systems Group, Cmta, Inc., The Brewer-Garrett Company, Digi-Key Electronics, Renesas Electronics Corporation., Ameresco.
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