Endotracheal Tubes Market is predicted to experience an exponential growth over the forecast period
Date: 2018-09-13   Author: Rahul Sankrityayan  Category: #industry

Endotracheal Tubes Market is predicted to experience an exponential growth over the forecast period

Global Endotracheal Tubes Market size is projected to experience significant growth from 2018 to 2024.

Endotracheal tubes market will witness a significant growth due to increasing number of surgical procedures owing to increasing prevalence of chronic diseases such as respiratory diseases, cardiovascular diseases, cancer as well as other lung injuries. According to World Health Organization, chronic respiratory diseases are a leading cause of death in developing countries that account for around four million deaths per year. Many of the respiratory diseases such as COPD, chronic respiratory infections and lung diseases can be treated by surgical operations that will further augment the endotracheal tubes market growth.

Moreover, growing incidence of ventilator associated pneumonia that occurs in 8-28% critically ill patients receiving mechanical ventilation will further fuel the demand for antibiotic coated endotracheal tubes leading to market growth. Additionally, growing elderly population that is highly prone to various chronic diseases is a major reason that will drive the industry growth during the forecast period.

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Furthermore, technological advancements in endotracheal tubes as well as untapped emerging economies will further elevate the growth opportunities for endotracheal tubes market. However, high risk of post-surgical complications arising after endotracheal intubation and lack of skilled professionals could hamper growth of this market over the forecast period.

Orotracheal intubation segment accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period, attributable to high applicability, increased usage and comfortability. Orotracheal intubation process involves passing an endotracheal tube through the mouth into trachea and is easy to perform, faster as well as less painful. Aforementioned factors will fuel the demand for orotracheal intubation during the forthcoming years.

Emergency treatment segment is projected to grow at a high rate during the forecast period due to increasing incidence of emergency situations such as respiratory and cardiac arrest, inadequate ventilation or oxygenation as well as airway obstruction. Additionally, rising incidence of road accidents and trauma injuries will further boost the industry growth.

Coated endotracheal tube segment will witness a significant growth during the forthcoming years. The tubes are coated with antibiotic agents such as silver, polyvinyl chloride and other drugs that limit the growth of bacteria on endotracheal tube surface or antithrombotic agents to prevent coagulation.

Furthermore, rising prevalence of ventilator associated pneumonia, increasing number of surgical procedures owing to increasing chronic respiratory diseases and other advantages offered by coated endotracheal tubes over traditional tubes will further augment the market growth.

Based on end-use, ambulatory surgical centers segment is expected to grow at a faster rate over the forecast period. Increasing prevalence of chronic diseases, rising awareness pertaining to benefits of ambulatory surgical centers as well as fair reimbursement policies will escalate the growth of ambulatory surgical centers segment.

U.S. dominated the endotracheal tubes market in 2017 and will continue to grow significantly over the forecast period due to early approval of endotracheal tubes and high use of the tubes owing to increasing incidence of chronic diseases. High healthcare spending, growing prevalence of ventilator associated pneumonia and increasing number of surgeries due to chronic cardiovascular as well as respiratory diseases will cascade the industry growth during the forecast period.

India is expected to witness highest growth during the forecast period due to surge in healthcare expenditure, increasing disposable income leading to increasing affordability and growing inclination of patients towards coated endotracheal tubes. High population base in India, improvement in patient awareness about ventilator associated pneumonia as well as increasing prevalence of cancer, lung injuries and cardiovascular diseases will further augment the market growth.

Some of the industry players include Teleflex, C.R. Bard, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, N8 Medical, Medline Industries, Enox Biopharma, Bactiguard, Armstrong Medical, Becton Dickinson and Company, Airway Innovations, Brio Device, Medtronic, Smiths Group, ConvaTec, Fuji System, Sewoon Medical, Parker Medical, Hollister, Well Lead and Purecath Medica. The industry players focus on strategic partnerships, mergers and collaborations as well as innovative product launches to expand their business product portfolio as main strategies. The market dynamics provides a platform to industry players to explore the high-growth areas and serve the unmet needs across different regions.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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