Global Endotracheal Tube Market by Product Type (Reinforced Endotracheal Tube, Regular Endotracheal Tube) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global endotracheal tube markets were valued at USD 1.91 billion in 2020. This market is expected to grow at 6.2% compound annual growth rate (CAGR), between 2021 and 2028. Endotracheal tubes are in high demand due to rising incidences of respiratory diseases like cancer and cardiovascular disease. According to the World Health Organization Report 2019, respiratory disease is the leading cause for death worldwide, causing approximately 4.0 million deaths each year. The market is forecast to experience lucrative growth during the forecast period.

Endotracheal tubes have seen a significant rise in demand due to the increase in surgery. Global Surgery and Anaesthesia Statistics reports that around 313.0 millions procedures are performed annually. Endotracheal intubation has seen technological advancements that have reduced the risk of tube-related infections and increased product safety. Recently increasing occurrence of Ventilator-associated Pneumonia (VAP) is most widely seen in patients who are on the endotracheal tube or mechanical ventilator for more than 48 hours. Many market players are now developing products with antimicrobial coating and anticoagulant properties that can lower VAP. Medtronic Shiley Evac endotracheal tube has been shown to reduce VAP by 50%.

The market is expected to grow because of the increasing incidence of VAP. The market will continue to grow due to technological advances in endotracheal tube technology and an aging population more susceptible to chronic diseases.

Endotracheal tubes have seen a significant increase in demand since COVID-19 was introduced. Breathing difficulties are a clear indicator of infection and this has aided market growth. American Association for Bronchology and Interventional Pulmonology suggests performing Open Surgical Tracheostomy or percutaneous dilatational tracheostomy for COVID patients with respiratory failure. This epidemic led to emergency product approvals. N8, a U.S. biotech company, obtained emergency authorization from Health Canada for CeraSheild Endotracheal Tubes in COVID-19 patients.

This company-patented product features an anti-fouling coating, which is designed to prevent deadly bacterial infections. Endotracheal ventilation and intubation support COVID-19 patients' breathing, so that the patient's immune system can fight the virus. This gives the patient a greater chance of surviving the virus. These scenarios will likely boost market growth

Insights on Product Types

Due to an increasing number of procedures due to respiratory diseases, the regular endotracheal tub segment was the dominant market and had the largest revenue share at 32.0% in 2020. Due to the increasing incidence of VAP, regular endotracheal tubes will be in high demand. This segment is forecast to grow in value over the forecast period. The market can be divided into four types based on product type: regular endotracheal tubes, reinforced endotracheal tubes, preformed endotracheal tubes, and double lumen endsotracheal tubes.

The reinforced endotracheal tub segment will see a higher growth rate over the forecast period due to its increasing use during surgery and the recent technological advancements in endotracheal tubes. The segment will also see an increase in road accidents and injuries, which will boost its growth over the forecast period.

Route Type Insights

In 2020, the market was dominated by the orotracheal segment. It held 64.9% of the total revenue. The market can be divided into two types based on its route type: nasotracheal and orotracheal. The highest market share is for orotracheal due to its ease of use, comfortability, and high applicability. When a patient is undergoing surgery, orotracheal intubation can be used to control their airway. It can also be used to treat critically ill patients who have suffered a serious injury or multiple system diseases.

Orotracheal Incubation is the most commonly used in cases of emergency such as cardiac arrest, respiratory or cardiac arrest, inadequate oxygenation, ventilation, failure to protect your airway from aspiration, or any other type of airway obstruction. This is why the market for orotracheal tubes has seen a rise in demand over recent years. The segment is forecast to grow significantly during the forecast period. These factors will also increase the demand of orotracheal tube intubation over the forecast period. Due to an increase in respiratory disease, the fastest CAGR is expected to be 5.6% for the nasotracheal section.

Application Insights

Market leader in emergency treatment, with 55.5% of the total revenue share in 2020, was the segment that held the largest market share. The market can be further divided into therapy, emergency treatment and other based on its application. This segment is dominated by the rising incidence of emergency conditions like cardiac arrest, respiratory, airway obstruction, inadequate ventilation, increasing cases of road accidents, and an increase in disposable income in developing nations.

The therapy segment will see a higher growth rate during the forecast period. The forecast period will see segment growth due to the increasing number of surgeries, the rising prevalence of chronic respiratory disease, and the aging population.

End-use Insights

Due to increasing hospitalization around the world, hospitals accounted for 34.3% of the total revenue in 2020. The market can be divided into hospitals, and ambulatory surgical centres. Clinics, among others, are also included. The segment has a larger market share due to its high awareness among doctors and nurses in hospital settings.

Over the forecast period, the clinics segment will experience the greatest growth. This segment will grow due to the increasing prevalence of chronic respiratory diseases and rising awareness about the benefits of clinics, as well as fair reimbursement policies. A growing number of centers in North America, Asia Pacific and Asia will lead to significant growth for ambulatory surgical centres.

Regional Insights

North America was the dominant market for endotracheal tubes and had the highest revenue share at over 37.9% in 2020. This is due to its advanced healthcare system, growing number of chronic diseases and high prevalence. Market growth was also aided by the presence of large players in the region. Teleflex Incorporated and Medline Industries are the most prominent players in the region.

The market in Asia Pacific is expected to experience the fastest growth during the forecast period. Increasing geriatric population with respiratory disease, growing prevalence of ventilator-associated pneumonia and increasing number of surgeries due to chronic cardiovascular is anticipated to increase the demand for endotracheal tube in the region.

Market Share Insights & Key Companies

The rapid adoption of modern healthcare technology to improve healthcare is a key parameter that affects the market's competitiveness. Major players often merge and acquire other companies to maintain market share and diversify their product range. The following are some of the most prominent players in endotracheal market:

• Teleflex Corporation

• Medtronic

• Medline Industries

• Venner Medical

• Sonoma Pharmaceutical

• Hospiteknik Healthcare

• Armstrong Medical

• Airway Innovations

• Smiths Group

• ConvaTec, Inc.

Up Market Research published a new report titled “Endotracheal Tube Market research report which is segmented by Product Type (Reinforced Endotracheal Tube, Regular Endotracheal Tube), By Players/Companies Armstrong Medical, Medline Industries, Airway Innovations, Smiths Group, Teleflex Corporation, Venner Medical, Hospiteknik Healthcare, Sonoma Pharmaceutical, Medtronic, ConvaTec Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Endotracheal Tube Market Report Segments:

The market is segmented by Product Type (Reinforced Endotracheal Tube, Regular Endotracheal Tube).

Endotracheal Tube Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Endotracheal Tube Market

Overview of the regional outlook of the Endotracheal Tube Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Endotracheal Tube Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Endotracheal Tube Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Reinforced Endotracheal Tube

                2. Regular Endotracheal Tube

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Endotracheal Tube Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Endotracheal Tube Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.