New Study: Coated Endotracheal Tube Market to Witness $2,518 Mn by 2023 - Allied Market Research

"Coated endotracheal intubation has gained considerable market share in recent years due to increased use in surgery. Intra-organ tubes have been developed for use with traditional intracoronary tubes for intra-operative management. The combination of coating materials for intubation tubes is testing safe and effective antimicrobial coatings."

New report "Coated Endotracheal Tubes Market, by Intubation, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023", published by Allied Market Research. The global coated endotracheal tube market was valued at $1,629 million in 2016, and is estimated to reach $2,518 million at a CAGR of 6.3% from 2017 to 2023.

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Endotracheal tubes are medical devices that are used for airway management in severely injured, diseased, or anesthetized patients. This tube is inserted into the organ through the mouth or nose to ensure proper exchange of oxygen and carbon dioxide to maintain the patient's airway. This tube is coated with an antimicrobial coating to prevent bacterial growth or biofilm formation on the surface of the endotracheal tubes that can cause pneumothorax.

The major factors driving the market for coated endotracheal tubes are increased surgical procedures due to increased chronic respiratory disease, the prevalence of ventilator-associated pneumonia, the advantages of endotracheal tubes coated with conventional tubes, and the growth of older adults. However, the lack of trained specialist after tracheal intubation increases the risk of postoperative complications, which impedes market growth. On the contrary, the development of advanced tube coatings and the development of emerging economies that have not been developed provide the market with favorable growth opportunities.

The arm ABPM devices segment occupied the largest share in 2016, owing to the high usage, applicability, and availability of these devices for measuring ambulatory blood pressure. It is anticipated to continue its dominance during the forecast period. However, the wrist ABPM devices segment is expected to grow at the highest CAGR from 2017 to 2023.

Orotracheal intubation segment occupied the largest share in 2016, and is anticipated to continue its dominance during the forecast period. This is owing to the high usage, applicability, and comfortability. However, the nasotracheal intubation segment is expected to grow at the highest CAGR from 2017 to 2023. The utilization rate of coated endotracheal tubes for anesthesia is high; however, emergency medicine segment is expected to grow at a high rate during the forecast period. This is attributed to the increase in incidence of various types of trauma injuries and road accidents.

Key Findings of the Coated Endotracheal Tube Market:

• Orotracheal intubation segment accounted for around two-thirds share of the global coated endotracheal tubes market in 2016.
• Ambulatory surgical centers segment is expected to grow at a CAGR of 5.6% from 2017 to 2023.
• Emergency medicine segment accounted for around 34.9% share of the global coated endotracheal tubes market in 2016.
• North America accounted for around 43.9% share of the global coated endotracheal tubes market in 2016.
• Asia-Pacific is expected to grow at the highest CAGR of 7.3% from 2017 to 2023

North America was the leading revenue contributor to the global coated endotracheal tubes market, accounting for more than two-fifths share of the global market. This is attributed to the early approval of endotracheal tubes and high use of these tubes due to rise in incidence of chronic diseases. However, Asia-Pacific is expected to grow at the highest CAGR of 7.3% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward coated endotracheal tubes.

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