Endotracheal Tubes Market Industry Growth Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report, the endotracheal tubes market is expected to be valued at USD 2,268.4 million in 2022, growing at a 6.4% CAGR from 2022 to 2028. The primary drivers of the expansion of the global endotracheal tubes market include increasing prevalence of chronic respiratory diseases, increasing admissions across emergency & intensive care units, growing geriatric population, and growing investments in healthcare infrastructure.

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Emergency Treatment Segment to Dominate the Endotracheal Tubes Market:
Based on applications, the global market can be segmented into emergency treatment, therapy, and others. Among them, the emergency treatment segment is expected to account for a larger revenue share in the global endotracheal tubes market, with a value share worldwide. It is due to the growing incidence of emergency conditions such as cardiac arrest and respiratory, airway obstruction, rising cases of road accidents, and increasing disposable income in developing countries. According to a report, cardiac arrest remains a public health crisis and there are more than 356,000 out-of-hospital cardiac arrests (OHCA) annually in the U.S., nearly 90% of them fatal. Hence, this segment will dominate the global endotracheal tubes market.

Asia Pacific Endotracheal Tubes Market:
North America held considerable market share during the estimated period owing to the increasing case of pulmonary conditions, pneumonia, cancer, and other conditions. Moreover, the global key players such as Teleflex Incorporated, Medline Industries, and Medtronic are influencing the global market growth in this region. The Asia Pacific market is expected to increase in the global endotracheal tubes market over the forecast period. The Asia Pacific market is expanding as a result of the increasing geriatric population with respiratory disease, the growing prevalence of ventilator-associated pneumonia.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global endotracheal tubes market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The endotracheal tubes market is segmented based on product type, route type, application, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Regular Endotracheal Tube
• Reinforced Endotracheal Tube
• Preformed Endotracheal Tube
• Double lumen Endotracheal Tube
• Others

Based on the route type, the market is segmented into the following:
• Orotracheal
• Nasotracheal

Based on the application, the market is segmented into the following:
• Emergency Treatment
• Therapy
• Others

Based on the end user, the market is segmented into the following:
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the endotracheal tubes market report are Teleflex Corporation, Medtronic, Medline Industries, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, Smiths Medical, ConvaTec, Inc., Bactiguard Holding AB, C. R. Bard, Inc., Enox Biopharma Inc., Venner Medical, and GE Healthcare.

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