Global Endotracheal Tube Industry Surges with a Projected 7.3% CAGR, expected to Hit US$ 4.5 Billion by 2033 | FMI Reveals

The recently published Global Endotracheal Tube Industry Analysis Report by Future Market Insights (FMI) has shed light on the remarkable trajectory of the global market. According to the findings, the market recorded sales worth US$2.2 Billion in 2022, setting the stage for an impressive journey ahead.

With a compelling Compound Annual Growth Rate (CAGR) of 6.8%, the Endotracheal Tube Market is poised to reach a staggering valuation of US$4.5 Billion by the year 2033. This substantial growth is anticipated from the years 2023 to 2033, making it a pivotal decade for the market’s expansion.

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Patients on a ventilator or pruning for an endotracheal tube for more than 48 hours are at a higher risk of developing Ventilator-Associated Pneumonia (VAP). Owing to this, several companies are designing products with antithrombotic and antibacterial qualities that can help avoid VA. Medtronic Shiley Evac endotracheal tubes, as an example, are said to minimize VA by 50%.

Due to rising healthcare spending, rising disposable revenue leading to higher affordability, and increasing patient preference for endotracheal-covered tubes, Asia Pacific is expected to witness significant growth during the projection period. Higher market growth would be aided by India’s growing population, improved patient awareness of ventilator-related pneumonia, and increased cancer, lung illnesses, and cardiovascular disease incidence.

Key Highlights:

1. Global Sales Hit US$2.2 Billion in 2022: The report showcases that the Endotracheal Tube Market achieved global sales of US$2.2 Billion in 2022, signaling a robust foundation for future growth.
2. CAGR of 6.8% from 2023 to 2033: The market is projected to maintain an impressive CAGR of 6.8% throughout the period from 2023 to 2033, emphasizing sustained and steady expansion.
3. Projections for 2033 Reach US$4.5 Billion: Riding on the wave of consistent growth, the Endotracheal Tube Market is anticipated to reach a valuation of US$4.5 Billion by 2033, underscoring its potential and significance in the healthcare sector.
4. Emergency Treatment Application Leads Revenue Generation: The analysis identifies the Emergency Treatment application as the frontrunner in revenue generation, with an expected CAGR rate of 7.3% from 2023 to 2033. This highlights the crucial role of endotracheal tubes in emergency medical scenarios.

Global Endotracheal Tube Industry Competitive Landscape

The key players in the market include Teleflex Corporation, Medtronic, Medline Industries, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, and Smith’s Group.

A few of the recent developments of key Endotracheal Tube providers are as follows:

• In April 2020, Hydromer teamed up with N8 Medical to become the official coating and manufacturing partner for the CeraShield Endotracheal Tube, which is used to treat mechanically ventilated COVID-19 patients across Canada.

• In August 2020,Bactiguard’s endotracheal tubes for the prevention of COVID-19 infection received approval from Health Canada under an Interim Order. In critically ill patients, the innovative gadget aids in the reduction of secondary infection risks.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Endotracheal Tube market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights by Product Type (Regular Endotracheal Tube, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double lumen Endotracheal Tube), by Route Type (Orotracheal, Nasotracheal), by Application ( Emergency Treatment, Therapy, Other Applications), by End-use (Hospitals, Clinics, Ambulatory Surgical Centres, Other End-uses) across five regions (North America, Latin America, Europe, APAC and Middle East & Africa).

Market Segments Covered in Global Endotracheal Tube Industry Analysis

By Product Type:

• Regular Endotracheal Tube
• Reinforced Endotracheal Tube
• Preformed Endotracheal Tube
• Double-lumen Endotracheal Tube

By Route Type:

• Orotracheal
• Nasotracheal

By Application:

• Emergency Treatment
• Therapy
• Other Applications

By End-use:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Other End-uses

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.

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