Endotracheal Tubes Market to Witness Huge Growth by 2024 | Leading Key Players: Teleflex, C.R. Bard, Venner Medical, Sonoma Pharmaceutical

Endotracheal Tubes Market size is projected to experience significant growth from 2018 to 2024.

Endotracheal tubes market will witness a significant growth due to increasing number of surgical procedures owing to increasing prevalence of chronic diseases such as respiratory diseases, cardiovascular diseases, cancer as well as other lung injuries. According to World Health Organization, chronic respiratory diseases are a leading cause of death in developing countries that account for around four million deaths per year. Many of the respiratory diseases such as COPD, chronic respiratory infections and lung diseases can be treated by surgical operations that will further augment the endotracheal tubes market growth.

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Moreover, growing incidence of ventilator associated pneumonia that occurs in 8-28% critically ill patients receiving mechanical ventilation will further fuel the demand for antibiotic coated endotracheal tubes leading to market growth. Additionally, growing elderly population that is highly prone to various chronic diseases is a major reason that will drive the industry growth during the forecast period.

Furthermore, technological advancements in endotracheal tubes as well as untapped emerging economies will further elevate the growth opportunities for endotracheal tubes market. However, high risk of post-surgical complications arising after endotracheal intubation and lack of skilled professionals could hamper growth of this market over the forecast period.

Orotracheal intubation segment accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period, attributable to high applicability, increased usage and comfortability. Orotracheal intubation process involves passing an endotracheal tube through the mouth into trachea and is easy to perform, faster as well as less painful. Aforementioned factors will fuel the demand for orotracheal intubation during the forthcoming years.

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Emergency treatment segment is projected to grow at a high rate during the forecast period due to increasing incidence of emergency situations such as respiratory and cardiac arrest, inadequate ventilation or oxygenation as well as airway obstruction. Additionally, rising incidence of road accidents and trauma injuries will further boost the industry growth.