According to Future Market Insights recently released Intubation Tube Market analysis report, global sales of the Intubation Tube Market in 2021 were held at US$ 2.2 Billion in 2021. Market growth is expected to be 6.8% between 2022 and 2032, which is higher than historical growth.
The orotracheal route type is expected to be the highest revenue-generating segment, with a CAGR of more than 7.2% from 2022 to 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.
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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.
Key Takeaways from the Market Study
- Global Intubation Tube Market is estimated to reach a market size of US$ 2.3 Bn by 2022.
- The Orotracheal route type segment is expected to have the highest CAGR rate of 7.2% during the forecast period.
- United States to remain the most dominant market with absolute dollar opportunity of US$ 654.2 Mn during 2022 – 2032.
- The market in China is set to experience the highest CAGR of 8.6% during 2022-2032.
“The rising frequency of chronic respiratory disease, the rising incidence of ventilator-associated pneumonia, increasing road accidents and trauma injuries, Increasing prevalence of cancer, lung injuries and cardiovascular diseases and technological developments in Intubation Tubes are expected to drive Intubation Tube market growth.” comments a Future Market Insights analyst.
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Competitive Landscape
Key players in Intubation Tube market are engaged in strategic activities of mergers and acquisitions along with new product releases in order to maintain market share and broaden their product portfolio.
- In August 2020, Bactiguard’s Intubation Tubes 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, which is used to treat in intensive care units and mechanical ventilators during COVID-19 patients across Canada.
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
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By Application:
- Emergency Treatment
- Therapy
- Other Applications
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Future Market Insights (ESOMAR certified 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 favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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