October 03, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Endotracheal Tubes Market Growth 2019-2024’, the worldwide endotracheal tubes market is anticipated to exceed US $640 million by the year 2024.
Endotracheal tube is a small flexible plastic tube that is inserted inside the trachea through nose or mouth to ensure proper supply of air to lungs. It keeps the airway open and is used for delivering medicine, anesthesia and oxygen. Furthermore, it helps the patients to breathe in certain illnesses such as heart failure, severe trauma or collapsed lung, emphysema and pneumonia. Rising cases of chronic illnesses, along with medical advancements across developing economies will augment the endotracheal tubes market growth in the upcoming years.
According to the report, endotracheal tubes market was worth US $530 million in 2019 and is expected to register 3.3% CAGR by the year 2024. Furthermore, the product market developed at a stable growth rate of 4.8% in the past couple of years and recorded a global capacity of 290000 K units in 2015, claims the report.
The global endotracheal market is analyzed on the basis of type, application spectrum and regional outlook. Based on the type, the market is fragmented as reinforced endotracheal tube and regular endotracheal tube. While speaking of the application spectrum, the market is segmented as therapy and emergency treatment.
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Considering the regional outlook, the market is divided into four major regions; Americas comprise of Brazil, the U.S., Mexico, and Canada; Europe consists of Germany, UK, France, Italy, Spain and Russia; China, India, Australia, Japan, Southeast Asia, and Korea fall under Asia Pacific; and Egypt, Turkey, GCC Countries, South Africa, and Israel come under Middle East & Africa.
The prominent vendors/manufacturers operating in endotracheal tubes market include Purecath Medical, Medtronic, Fuji System, Shanghai Yixin, Teleflex Medical, Sujia, ConvaTec, TuoRen, Bard Medical, Well Lead, Smith’s Medical, Hollister, Sewoon Medical, Neurovision Medical, and Parker Medical.