Newly-released Intubation Tube Market Analysis report by Future Market Insights states global Intubation Tube Market is expected to reach US$ 4.5 Billion by 2032, at a CAGR of 6.8%.
The orotracheal route type is estimated to be the greatest 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 regarding ventilator-associated pneumonia have paved the way for antibacterial and anticoagulant-coated medical devices. Other major factors driving market growth include the increasing prevalence of chronic respiratory disorders and the growing demand for mechanical ventilation.
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Furthermore, developments in nanobiotechnology and medicine design, as well as an increase in surgical procedures, are predicted to support the surge in product demand through 2027.
Intubation Tube Market Drivers and Restraints:
The rising prevalence of chronic respiratory disease, the rising incidence of ventilator-associated pneumonia, the rising number of road accidents and trauma injuries, the rising prevalence of cancer, lung injuries, cardiovascular diseases, and technological advancements in the Intubation Tube Market are driving market growth.
Because of the rising number of traffic accidents worldwide, emergency treatment applications of the Intubation Tube Market are likely to acquire substantial traction. According to the World Health Organisation (WHO), road traffic accidents kill more than 1.3 million people each year. The growing need to address poor ventilation and the rising number of cases of respiratory illnesses will influence the industry’s growth.
The expansion of the Intubation Tube Market is being driven by hospitals that have acquired infections such as ventilation-associated pneumonia. ICU patients are at high risk of death due to procedure problems or a variety of other factors, one of which is critical sickness caused by secondary processes such as nosocomial infection.
To put this in context, pneumonia is the second most frequent nosocomial infection among critically sick patients, affecting 27% of the critically ill patients. Ventilator-associated pneumonia causes over 86% of nosocomial pneumonia.
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Intubation Tube Market Regional Insights:
North America accounts for more than 30% of the global market for intubation tubes. It is primarily due to the advancement and evolution of healthcare facilities, the growing elderly population, the increasing prevalence of chronic conditions, the increasing acceptability of analytical solutions, technological advancements, and the presence of important players.
Asia Pacific is likely to grow at the quickest rate during the forecast period. Intubation Tube sales in the region are likely to rise as the region’s geriatric population matures.
Intubation Tube Market Competitive Analysis:
The growing adoption of modern healthcare technology for enhanced healthcare is a key factor influencing the competitive character of the industry. In addition, large players frequently combine mergers and acquisitions with new product releases in order to maintain intubation tube market share and broaden their product portfolio.
Some of the recent developments of Intubation Tube Manufacturers are as follows:
- In August 2020, Bactiguard’s Intubation Tube Market 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 Market, which is used to treat in intensive care units and mechanical ventilators during COVID-19 patients across Canada.
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Intubation Tube Market Key Companies Profiled:
- Teleflex Corporation
- Medtronic
- Medline Industries
- Venner Medical
- Sonoma Pharmaceutical
- Hospiteknik Healthcare
- Armstrong Medical
- Airway Innovations
- Smiths Group
- ConvaTec, Inc.
- DePuy Synthes
- Stryker
- Zimmer Biomet
- Smith Nephew
- Orthofix
- Hydromer
About Future Market Insights, Inc.
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 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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