PRESS RELEASE
Published May 12, 2023
In 2021, the market for Intubation Tubes worldwide was worth $ 2.0 billion US dollars. WMR Group projects that the market will reach US$ 4.16 billion by 2031, growing at a CAGR of 6.8 percent between 2022 and 2031.
Intubation is a treatment that can help save a person’s life when they are experiencing difficulty breathing. An End Tracheal Tube (ETT) is inserted into the voice box, mouth, or nose by a medical expert using a laryngoscope, and then into the trachea. By keeping the airway open, the tube enables air to enter the lungs. Hospital-acquired illnesses and a rise in hospital and clinic admissions are two main factors influencing this industry.The market is being driven by the rise in chronic illnesses as well as the favourable effects COVID-19 had on intubation tubes.
There was a dramatic increase in the number of COVID-19 virus-positive, critically ill patients who required emergency intubation tubes at many hospitals in March 2020. Intubation tubes are the suggested technique for providing COVID-19 patients with breathing support. According to the treatment guidelines of the American Society of Anesthesiologists, COVID-19 patients cannot utilise non-invasive mechanical breathing devices, such as CPAP machines used to treat sleep apnea. Intubation tubes and ventilation let COVID-19 patients breathe so that their bodies can survive until their immune systems are strong enough to fight the virus.
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Market Segmentation:
Competitive Landscape
Key players operating in the Intubation Tubes Market include Airway Innovations, Akin Global Medical, Alamo Scientific, Inc., Armstrong Medical, Bound Tree Medical, C. R. Bard, Inc., ConvaTec, Inc., Cook Medical, Hospiteknik Healthcare, Medline Industries, Medtronic Plc, Olympus Corporation, Smith’s Group, Sonoma Pharmaceutical, Teleflex Corporation and Venner Medical among others. The purchase of Standard Bariatrics, Inc. by Teleflex Corporation, which has developed an avant-garde powered stapling method for bariatric surgery, was announced in August 2022.
Key USP’s-
In April 2020, Hydromer collaborated with N8 Manufacturing as the only licensee for the market for CeraShield Intubation Tubes, which are utilized to treat COVID-19 patients across Canada in critical care units and on mechanical ventilators.
Market Segmentation
Based upon the Product Type used in the Intubation Tubes market is segmented in Trachea Intubation and Gastric Intubation. The Trachea Intubation type dominated the Intubation Tubes market in 2021. Trachea Intubation Tubes are to low cost compared to the other devices. Besides, it is ease to handle Trachea Intubation Tubes and efficient design for drug delivery has made Trachea Intubation Tubes the prime segment over the years. Based on the Route Type, the Intubation Tubes market is segmented into Orotracheal Tube and Nasotracheal Tube. In the Route Type segment, the most dominant market is Orotracheal Tube which acquires the largest Intubation Tubes market share in 2021. This segment is driven by the increasing prevalence of disorders. Based on the Application, the Intubation Tubes market is segmented into Emergency Treatment, Therapy, and Other Applications Intubation Tubes.
End user segment of Intubation Tubes market is further bifurcated into Hospitals and Ambulatory Surgical Centers. The hospitals and clinics segment held major share of 68% the global market in 2021. Demand for medical equipment, including Intubation Tubes, is high in hospitals & clinics due to the rising number of patients visiting for treatment.
By Product Type
• Trachea Intubation
• Gastric Intubation
By Route Type
• Orotracheal Tube
• Nasotracheal Tube
By Application
• Emergency Treatment
• Therapy
• Other Applications
By End User
• Hospitals
• Ambulatory Surgical Centers
Regional Trend:
Geographically, North America dominated the Intubation Tubes market and had the largest revenue share of 40% in 2021. This region’s expansion can be ascribed to A greater market share for North America can be attributed to the region’s increased prevalence of lung infections, other chronic respiratory diseases, and the expanding use of sophisticated tubes. In 2021, the Asthma & Allergy Foundation of America reported that around 25 million Americans had been given an asthma diagnosis. Also, in terms of revenue and market share for Intubation Tubes, Europe is the second-most dominating area. The only factor driving the intubation tubes market in Europe is the rising prevalence of infections and respiratory disorders, which together are driving up demand for these products in the European market.
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The study’s goal is to estimate future values by defining market sizes for various regions and categories in recent years. Both qualitative and quantitative characteristics of the industry in the study’s participating nations will be covered in the report. The study also provides in-depth details on important issues including driving forces and obstacles that will determine the market’s future expansion. Along with a thorough examination of the market’s competitive environment and major players’ available Product Types, it also includes potential investment opportunities in smaller markets.
The markets for intubation tubes and respiratory equipment are reasonably established, with cheap prices playing a dominant role. Additionally, given the complexity of several national regulatory and reimbursement systems that must be followed for both pharmaceuticals and devices, it is challenging for innovative technology or devices to gain traction in established markets. Intubation tubes are by definition considered durable medical equipment by Medicare. The examination and treatment of respiratory disorders are being made simpler by government and non-government organizations, which will encourage market development.
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Key Benefits of This Market Research:
1. Industry drivers, restraints, and possibilities included in the study
2. Neutral point of view on the market performance
3. Recent enterprise developments and developments
4. Competitive panorama and techniques of key players
5. Potential and area of interest segments and areas exhibiting promising increase covered
6. Historical, current, and projected market size, in phrases of value
7. In-depth evaluation of the Market
8. Overview of the regional outlook of the Market
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