The Global Anesthesia Endotracheal Tube Market, by Product Type (Nasotracheal Tubes and Orotracheal Tubes), by End User (Hospitals and Ambulatory Surgical Centers) was valued at US$ 4,315.4 million in 2017 and is projected to exhibit a CAGR of 3.3% over the forecast period (2018 – 2026) as highlighted in a new report published by Coherent Market Insights.
Endotracheal tubes are mostly made of polyvinylchloride (PVC) and are single-use. This are embedded into the trachea for the administration of anesthesia, ventilation of the lungs, aspiration of secretions, maintenance of the airway passage, and anticipation of the passageway of foreign material into the tracheobronchial tree.
Increasing incidence of cardiovascular diseases, chronic diseases, and cancer are expected to increase the number of surgical procedures, which in turn is expected to fuel growth of the anesthesia endotracheal tubes market during the forecast period. For instance, according to Cancer Research U.K., 359,960 new cancer cases were diagnosed in U.K. in 2015 and 45% of these patients underwent cancer surgery.
Furthermore, growing number of hospitals is also expected to drive growth of the market. According to American Hospital Association (AHA), an annual survey of hospitals recorded 5,534 total number of registered hospitals in 2017, which increased to 5,564 in 2018, in the U.S.
Browse 23 Market Data Tables and 19 Figures spread through 157 Pages and in-depth TOC on “Anesthesia Endotracheal Tube Market, by Product Type (Nasotracheal Tubes and Orotracheal Tubes), by End User (Hospitals and Ambulatory Surgical Centers) – Global Forecast to 2026”
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Manufacturers are engaged in expanding their services through online so that maximum end users can access their product and in turn help them to gain more sales. Online marketing services help manufacturers to minimize distribution, set-up, and operational costs. Many online service vendors such as IndiaMART and MedicalExpo sell anesthesia disposables products online.
Vendors, like Medplus and Armstrong Medical also sell anesthesia disposables products through online platforms. They also deliver discounts and promotional offers to increase the number of online purchases. Such platforms provide a significant advantage for anesthesia endotracheal tubes which can be purchased in a bulk by hospitals or ambulatory surgical centers at effective prices and in turn help manufacturers to gain the substantial volume growth and value returns.
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Key Takeaways of the Anesthesia Endotracheal Tube Market:
- The global anesthesia endotracheal tube market is expected to expand at a CAGR of 3.3% during the forecast period (2018–2026), owing to continuous technological advancement and increasing incidence of ventilator associated pneumonia
- Existing endotracheal tubes (ETT) are being equipped with additional features to enhance their usage so that the results are effective, and there are no side effects. For instance, in 2017, Neurovision introduced Cobra ETT electrodes that can integrated into a standard endotracheal tube and create an open airway for patient ventilation while simultaneously monitoring the Electromyography (EMG) activity and assessment of the nerves involved in the laryngeal activity. Such techniques promote the usage of anesthesia endotracheal tubes during the forecast period.
- Major players operating in the global anesthesia endotracheal tube market include Medtronic Plc, General Electric Company, C. R. Bard, Inc., ConvaTec Group plc, Smith Medical, Inc., KindWell Medical Equipment Co.,Ltd, Royax, Fuji Systems Corp., Teleflex Incorporated., Neurovision Medical Products and Intersurgical GmbH
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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