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Tracheal Tube and Airway Products Market By Product (Breathing Circuits, Tracheostomy Tube, Endotracheal Tube, Laryngeal Mask and Others), By End User (Hospitals, Homecare Settings and Ambulatory Surgical Centers) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Industry Outlook

The tracheal tube and airway products market is set to grow from US$ 3,150.1 million in 2018 to US$ 5,646.2 million by 2027 at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2019 to 2027. As per the research cited and published by the World Health Organization (WHO), approximately 90% of the deaths occurring due to chronic obstructive pulmonary disease (COPD) occur in low- and middle-income countries.

A significant rise in surgical procedures and flexibility to deliver medications drives the endotracheal tube market demand.

Endotracheal tubes are the largest product segment in the tracheal tube and airway products market. Significant rise in the number of surgical procedures requiring anesthesia and is flexible in delivering medications to unconscious patients. Laryngeal masks are gaining tremendous traction on account of their availability in different configurations, such as LMA flexible, Proseal, Supreme, search, etc. It also serves as an alternative to mask anesthesia and short surgical procedures that do not require endotracheal tubes.

Rising public health awareness and the availability of intensive care units together drive the hospital market's growth.

Hospitals dominate the end-user segment for the tracheal tube and airway products market. The important parameters responsible for its outstanding growth are rising public health awareness, resulting in a significant rise in inpatient visits, and the availability of intensive care units well equipped with airway products. Ambulatory surgical centers are gaining tremendous traction owing to their ability to provide emergency medical intervention to patients suffering from pulmonary trauma in remote regions.

Rising prevalence of pulmonary disorders and the existence of major players together drive the market's growth in the North American region.

North America is spearheading the regional segment for the tracheal tube and airway products market, accounting for a 35.1% market share. The key factors promoting its supreme market growth are the rising prevalence of pulmonary disorders. As per the statistics provided by the Centers for Disease Control and Prevention (CDC), the number of deaths related to chronic lower respiratory diseases is 49.2 per 100,000 people. It is considered the 4th largest cause of death in the United States.

The presence of key players such as Medline, Industries, Inc., Medtronic, Plc., Teleflex Incorporated, Smiths Medical, etc., further bolsters market growth in the region. Europe holds a 30.6% market share owing to the supportive regulatory environment provided by the European Medical Agency (EMA) regarding the sale of tracheal tubes and airway products. Asia Pacific represents 16.8% of the market share on account of the rising incidence of chronic obstructive pulmonary disease and increased consumption of tobacco and smoking. Growing urbanization and industrialization cause air pollution, which is an important risk factor associated with chronic lower respiratory diseases.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The market is segmented By product,By End-user, and Geography.

Pharmaceutical companies pioneering in the tracheal tube and airway products market are Altera A.S., BOMImed, Inc., Boston Medical Products, Inc., Flexicare Medical Ltd., Medtronic, Plc., Medline Industries, Inc., Penlon, Smiths Medical, Teleflex Incorporated, and VBM Medizintechnik GmbH.

Key questions are answered in this report.

  • Who are the key players participating in the global tracheal tube and airway products market?
  • What are the drivers, restraints, and opportunities associated with the tracheal tube and airway products market?
  • What is the disease etiology associated with chronic lower respiratory diseases?
  • Which factors influence the dominating market growth for endotracheal tubes and hospitals?
  • Which parameters determine the market growth in developed regions such as North America and Europe?

Frequently Asked Questions:

The market for Tracheal Tube and Airway Products Market is expected to reach US$ 5,646.2 Mn by 2027.

The Tracheal Tube and Airway Products Market is expected to see significant CAGR growth over the coming years, at 6.8%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Altera A.S., BOMImed, Inc., Boston Medical Products, Inc., Flexicare Medical Ltd., Medtronic, Plc., Medline Industries, Inc., Penlon, Smiths Medical, are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2019
Category:  Medical Devices
Report ID:   59806
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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