Intubation Tubes Market Growth & Trends
The global intubation tubes market is expected to reach USD 4.3 billion by 2030, expanding at a CAGR of 6.7% from 2023 to 2030 according to a new report by Grand View Research, Inc. The increasing number of surgical procedures due to the rising prevalence of chronic diseases and technological advancements in medical supplies are the major growth-propelling factors for the market.
Intubation tubes are an essential rescue procedure in the emergency setting. The most common approaches of intubation tubes are direct and video laryngoscopy. Intubation tubes indications include poor ventilation, altered mental status, and poor oxygenation. The role of intubation tubes in the emergency setting is to obtain first-pass success and secure the patient’s airway. Many patients can experience swallowing and sore throat immediately after intubation, but recovery is usually quick, depending on the patient’s overall recovery.
The COVID-19 pandemic has had a significant impact on the market. The majority of critical patients during the COVID-19 pandemic require respiratory support. In a healthcare setting intubation tubes are required to secure a patient’s airways. For instance, Paris Fire Brigade Advanced Life Support teams used intubation tubes for 18 patients out of 300 suffering from COVID-19.
Chronic respiratory diseases are one the most common non-communicable diseases globally due to environmental, occupational, and behavioral inhalational exposures. More than 3.23 million deaths occurs in 2019 due to chronic obstructive pulmonary disease which makes it the 3rd leading cause of death in the world. More than 90% of COPD deaths occur mostly under 70 years of age in low- and middle-income economies. Early diagnosis and treatment can help to slow the progression of symptoms and reduce flare-ups.
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Intubation Tubes Market Report Highlights
The gastric intubation segment is expected to show the fastest growth over the forecast period as it is a common procedure in clinical anesthesiology to achieve gastric decompression
Trachea intubation held the largest share as of 2022 owing to the increasing number of surgical procedures in healthcare settings
The ambulatory surgical center’s segment is expected to show lucrative growth over the forecast period as it is a cost-efficient healthcare setting that cost 60% less than hospital surgeries
The hospitals held the largest share as of 2022 owing to the high number of patient admission in the hospitals
Q: What’s the projected growth rate of the global intubation tubes market from 2023 to 2030? A: The global intubation tubes market is set to grow at a CAGR of 6.7% between 2023 and 2030, aiming to achieve a value of USD 4.3 billion by 2030.
Q: Which region held the largest market share for intubation tubes in 2022? A: North America took the lead in the intubation tubes market with a substantial 37.7% share in 2022, largely due to the region’s high prevalence of respiratory diseases.
Q: Who are the prominent players in the intubation tubes market? A: Noteworthy participants in the intubation tubes market include Teleflex Corporation, Medtronic, Medline Industries, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, Smiths Group, and ConvaTec, Inc.
Q: What factors are contributing to the growth of the intubation tubes market? A: The growth of the intubation tubes market is underpinned by key factors like the increasing occurrence of chronic illnesses and the rising demand for surgical procedures within healthcare settings.
Q: How sizable was the global intubation tubes market in 2022? A: The global intubation tubes market reached a substantial valuation of USD 2.6 billion in 2022.
Q: What growth trajectory is anticipated for the global intubation tubes market from 2023 to 2030? A: The global intubation tubes market is projected to ascend with a noteworthy 6.7% compound annual growth rate during 2023 to 2030, culminating in a value of USD 4.3 billion by 2030.
Q: What geographical region showed dominance in the intubation tubes market in 2022? A: In 2022, North America emerged as the frontrunner in the intubation tubes market, commanding a substantial market share of 37.7%, driven by the high prevalence of respiratory ailments.
Q: Who are the key industry players shaping the intubation tubes market? A: Notable contenders in the intubation tubes market landscape include Teleflex Corporation, Medtronic, Medline Industries, Venner Medical, Sonoma Pharmaceutical, Hospiteknik Healthcare, Armstrong Medical, Airway Innovations, Smiths Group, and ConvaTec, Inc.
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