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Intubation Tubes Global Market Report 2024 Market Key Trends And Forecast Report 2024-2033
Intubation Tubes Global Market Report
According to The Business Research Company's, The intubation tubes market size has grown strongly in recent years. It will grow from $2.78 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased surgical procedures, rise in incidence of respiratory disorders, advancements in anesthesia practices, emergency medical interventions, expanding aging population..
The intubation tubes market size is expected to see strong growth in the next few years. It will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued surgical advancements, increasing critical care needs, global health crisis preparedness, rise in trauma cases, technological enhancements in tube design, training and education programs.. Major trends in the forecast period include customization and personalization, regulatory emphasis on product safety, collaborations and partnerships, telehealth impact, environmental sustainability..
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Market Drivers and Trends:
The rise in the prevalence of hospital-acquired infections is expected to propel the growth of the intubation tube market going forward. Hospital-associated infections refer to infections acquired during the process of receiving medical care that were not present at the time of admission to the hospital. Intubation tubes can help prevent transmission of infections, which occurs when food, liquid, or other substances enter the lungs instead of the stomach, leading to pneumonia and other infections, to draw out and soak mucus from the patient's breathing passages, reducing the risk of infection. For instance, in November 2022, according to the 2021 National and State Progress Report on Healthcare-Associated Infections from the Centers for Disease Control and Prevention, there was a 7% rise in central line-associated bloodstream infections (CLABSI) between 2020 and 2021 and a 5% rise in catheter-associated urinary tract infections (CAUTI) between 2020 and 2021. Therefore, the rise in the prevalence of hospital-acquired infections drives the intubation tube market.
Technological developments are a key trend gaining popularity in the intubation tube market. Companies operating in the intubation tube market are adopting new technologies, such as wireless communication and monitoring to sustain their position in the market. For instance, in May 2021, Medtronic plc, a US-based medical technology company, launched the SonarMed airway monitoring system. The SonarMed airway monitoring device tests for endotracheal tube (ETT) blockage and validates position in real-time using acoustic technology, providing clinicians with the critical information they need to make more educated, life-saving decisions for their youngest patients. It provides precise readings and rapid warnings, allowing for a coordinated response to potentially critical events such as ETT movement and migration.
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Major Key Players of the Market:
Teleflex Incorporated; Medtronic Plc.; Medline Industries LP; Venner Medical GmbH; Sonoma Pharmaceuticals Inc.; Hospiteknik Healthcare; Armstrong Medical Ltd.; Airway Innovations LLC; Smiths Group Plc.; C. R. Bard Inc.; Bound Tree Medical LLC; Cook Medical; Olympus Corporation; Alamo Scientific Inc.; ICU Medical Inc.; ConvaTec Group Plc; Mercury Medical Inc.; Intersurgical Ltd.; Vyaire Medical Inc.; VBM Medizintechnik GmbH; SunMed Holdings LLC; Cardinal Health Inc.; TG Eakin Ltd.; Diversatek Inc.; Verathon Inc.; Vygon SA; Dale Medical Products Inc.; Ambu A/S; Akin Global Medical; ErgoMed Inc.; Laerdal Medical AS; Biotronik; SurModics Inc.
Intubation Tubes Market 2024 Key Insights:
• The intubation tubes market will grow to $4.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Prevalence Of Hospital-Acquired Infections Driving Intubation Tube Market Growth
• Technological Advances In The Intubation Tube Market
• North America was the largest region in the intubation tubes market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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