Newly-released Intubation Tube Market analysis report by Future Market Insights shows that global sales of the Intubation Tube Market in 2021 were held at US$ 2.2 Bn in 2021. The estimated market growth between 2022 and 2032, at 6.8%, is expected to be higher than historical growth.
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The orotracheal route type is expected to be the highest revenue-generating segment, with a CAGR of more than 7.2% between 2022 and 2032.
The number of chronic illnesses has increased, increasing demand for the Intubation Tube Market. Concerns about ventilator-associated pneumonia have paved the way for antibacterial and anticoagulant-coated medical devices. Other important factors driving market growth include the increasing prevalence of chronic respiratory illnesses and the growing demand for mechanical ventilation.
Furthermore, advances in nanobiotechnology and medicine design, as well as an increase in surgical procedures, are expected to support the surge in product demand through 2027.
Revenue of Intubation Tube Market from 2017 To 2021 Compared To Demand Outlook For 2022 To 2032
According to Future Market Insights, a market research and competitive intelligence provider, the market value of the Intubation Tube Market increased at a CAGR of around 5.6% from 2017 to 2021.
Due to an increase in surgeries, the intubation tube market is in high demand. Because of technological advancements in endotracheal tubes, there has been a reduction in the risk of infection associated with tubes while also improving product safety.
Patients who have been on an intubation tube market for more than 48 hours are more likely to develop ventilator-associated pneumonia. As a result, many companies are developing antibacterial and anti-coagulant coatings to aid in the reduction of ventilator-associated pneumonia.
Furthermore, the Coated Endotracheal Tube Market has been growing due to the rising prevalence of ventilator-associated pneumonia, which is fueling market growth. As a result, technological advancements in the Intubation Tube Market, as well as an increase in the geriatric population, which is more vulnerable to a variety of chronic conditions, will aid market growth throughout the forecast period.
Because of increased penetration in emergency situations such as catastrophic injuries and cardiac arrests, orotracheal intubation is expected to account for a significant revenue share. Because of its superior comfort and applicability, orotracheal intubation is becoming more popular among patients. The increased demand for less painful and simple surgeries will propel the market forward even further.
What Factors Are Propelling Intubation Tube Demand?
The rising prevalence of chronic respiratory disease, the rising incidence of ventilator-associated pneumonia, the rising number of road accidents and trauma injuries, the rising prevalence of cancer, lung injuries, cardiovascular diseases, and technological advancements in the Intubation Tube Market are driving market growth.
Because of the rising number of road accidents worldwide, emergency treatment applications of the Intubation Tube Market are expected to gain significant traction. According to the World Health Organization, road traffic accidents kill more than 1.3 million people each year (WHO). The growing need to address poor ventilation and the rising number of cases of respiratory disorders will influence the industry’s growth.
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What Factors Are Hampering Growth Of Demand For Intubation Tube Market?
The growth of the Intubation Tube Market is being driven by hospitals that have acquired infections such as ventilation-associated pneumonia. ICU patients are at high risk of death due to procedure complications or a variety of other factors, one of which is critical illness caused by secondary processes such as nosocomial infection.
To put this in context, pneumonia is the second most common nosocomial infection in critically ill patients, affecting 27% of the critically ill patients. Ventilator-associated pneumonia causes nearly 86% of nosocomial pneumonia.
The mortality rate from ventilator-associated pneumonia is estimated to be between 0% and 50%. Because the populations studied are so diverse, different studies have produced varying conclusions when it comes to assessing attributable mortality.
Which Region Is Projected to Offer The Largest Opportunity For The Intubation Tube Market?
North America accounts for more than 30% of the global market for intubation tubes. It is primarily due to the advancement and evolution of healthcare facilities, the growing geriatric population, the increasing prevalence of chronic conditions, the increasing acceptance of analytical solutions, technological advancements, and the presence of key players.
Asia Pacific is expected to grow at the fastest rate during the forecast period. Intubation Tube sales in the region are expected to rise as the region’s elderly population ages.
Country-Wise Analysis
Which Country is at the Centerstage for Sales of Endotracheal Tube?
In 2021, the United States contributed more than 30% of the global Intubation Tube Market revenue. Tracheal diseases such as tracheal stenosis, bronchial tumours, and tracheobronchomalacia have increased the demand for Intubation Tube Market in the country.
According to the National Cancer Institute, the number of new lung and bronchial cancer cases in the United States in 2022 is expected to be 236 740, accounting for 12.3% of all new cancer cases. With this, the total number of deaths from this disorder will be 130,180, accounting for 21.4% of all cancer-related deaths in the country.
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Category-Wise Insights
Why Revenue through Orotracheal is projected to Witness Fastest Growth among Intubation Tube Market route types?
Revenue from the orotracheal route type is expected to grow at a faster CAGR of more than 7.2% between 2022 and 2032. In cases of respiratory or cardiovascular arrest, poor oxygenation or ventilation, and current or anticipated airway obstruction, orotracheal incubation is commonly used. As a result, orotracheal tube demand has risen over the years, and the route type is expected to expand rapidly over the forecast period.
Which Application of Intubation Tube Market is expected to Score Highest Growth in the Coming Years?
The emergency treatment application continues to generate the most revenue in the Intubation Tube Market, with an estimated 7.3% CAGR during the forecast period. The rising number of traffic accidents, as well as the increased frequency of emergency conditions such as cardiac arrest and respiratory, airway obstruction, and inadequate breathing, account for the majority of emergency treatment.
Key drivers for Intubation Tube Market growth through emergency treatment over the forecast period include an increase in the number of surgeries performed, an increase in the frequency of chronic respiratory disorders, and an ageing population.
Competitive Analysis
The growing adoption of modern healthcare technology for enhanced healthcare is a key factor influencing the competitive character of the industry. In addition, large players frequently combine mergers and acquisitions with new product releases in order to maintain intubation tube market share and broaden their product portfolio.
Some of the recent developments of Intubation Tube Manufacturers are as follows:
- In August 2020, Bactiguard’s Intubation Tube Market have been approved by Health Canada for the prevention of COVID-19 infection. The revolutionary device helps to reduce severe infection in severely unwell patients.
- In April 2020, Hydromer partnered with N8 Manufacturing being the exclusive licensee for the product CeraShield Intubation Tube Market, which is used to treat in intensive care units and mechanical ventilators during COVID-19 patients across Canada.
Intubation Tube Market Report Scope
Details
Forecast Period
2022-2032
Historical Data Available for
2017-2021
Market Analysis
US$ Mn for Value
Key Regions Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel.
Key Market Segments Covered
Type, Route Type, Application, Region
Key Companies Profiled
- Teleflex Corporation
- Medtronic
- Medline Industries
- Venner Medical
- Sonoma Pharmaceutical
- Hospiteknik Healthcare
- Armstrong Medical
- Airway Innovations
- Smiths Group
- ConvaTec, Inc.
- DePuy Synthes
- Stryker
- Zimmer Biomet
- Smith Nephew
- Orthofix
- Hydromer
Market Segments Covered In Intubation Tube Market Analysis
By Product Type:
- Regular Intubation Tube Market
- Reinforced Intubation Tube Market
- Preformed Intubation Tube Market
- Double lumen Intubation Tube Market
By Route Type:
- Orotracheal Tube
- Nasotracheal Tube
By Application:
- Emergency Treatment
- Therapy
- Other Applications
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