Intubation Tube Market is expected to reach a valuation of US$ 2.4 Billion at a CAGR of 6.8% by 2032 | FMI

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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