Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.46 Billion | USD 4.16 Billion | 6% | 2023 |
The global tracheal tubes and airway products market size accrued earnings worth approximately USD 2.46 Billion in 2023 and is predicted to gain revenue of about USD 4.16 Billion by 2032, is set to record a CAGR of nearly 6% over the period from 2024 to 2032.
The report covers a forecast and an analysis of the tracheal tubes and airway products market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the tracheal tubes and airway products market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the tracheal tubes and airway products market on a global and regional level.
In order to give the users a comprehensive view of the tracheal tubes and airway products market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The respiration system is an important part of the human body. To ensure the proper inhalation/exhalation of oxygen and carbon dioxide, airway products like tracheal tubes and other devices are used. Endotracheal tubes provide an airway and are used in the trachea. Drugs can pass through this airway. These tubes are coated with a material with anti-microbial properties, which results in suitable oral and nasal intubation along with reduced secretions. These tubes are used for critical care, anesthesia, emergency medicine, and mechanical ventilation. Oxygen can be administered in higher concentrations to the patient via these tubes. Other gases or volatile anesthetic agents, such as nitric oxide, helium, xenon, nitrous oxide, sevoflurane, isoflurane, or desflurane, can also be delivered to the patient via these tubes.
The report provides company market share analysis to give a broader overview of the key players in the tracheal tubes and airway products market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the tracheal tubes and airway products market on a global and regional basis.
The rising number of respiratory-related surgeries worldwide has resulted in the increased penetration of the tracheal tubes and airway products market. The increasing chronic respiratory diseases occurrences, technological advancements regarding intubation have resulted in reduced nosocomial infections, and escalating aging population are also driving this global market. However, the high possibilities of post-operative risks, such as endotracheal intubation, and the lack of skilled professionals may hamper the tracheal tubes and airway products market globally.
The study provides a decisive view of the tracheal tubes and airway products market by segmenting it based on product, modality, end-user, and region.
By product, the market is divided into oral and nasopharyngeal airways, endotracheal tube, breathing circuits, tracheostomy tube, and laryngeal mask.
The end-user segment includes hospitals, medical diagnostics sector, healthcare facilities, and others.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Tracheal Tubes and Airway Products Market |
Market Size in 2023 | USD 2.46 Billion |
Market Forecast in 2032 | USD 4.16 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 110 |
Key Companies Covered | Smiths Medical, Intersurgical, Fuji Systems, Becton Dickinson & Co., Medline Industries, Medtronic, Teleflex Incorporated, ConvaTec, Airway Innovations, and Covidien |
Segments Covered | By product, By modality, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is leading in the tracheal tubes and airway products market, due to the rising elderly population, increasing advancements in medical technology, growing R&D activities to develop advanced devices, and escalating pollution levels. The European market holds a large market share globally, owing to a large number of cases regarding chronic respiratory diseases.
Regional companies, such as Medtronic has expanded its portfolio of endotracheal tubes by acquiring a Scotland-based company, Aircraft Medical. Rising incidences of respiratory diseases, such as ventilator-associated pneumonia (VAP) that is mainly caused by a microorganism that develops on the air management devices of ventilators, is also fuelling this regional market.
The Asia Pacific region will experience show significant CAGR in the tracheal tubes and airway products market in the future, owing to the rapidly growing product demand in India and China, which are one of the most highly populated and polluted large countries in the world. There is also increasing awareness about ventilator-associated pneumonia (VAP) along with accelerating occurrences of cancer, cardiovascular diseases, and lung injuries, which are also driving this regional market.
Some key players in the tracheal tubes and airway products market are
Global Tracheal Tubes and Airway Products Market: By Product
Global Tracheal Tubes and Airway Products Market: By End-User
Global Tracheal Tubes and Airway Products Market: By Region
FrequentlyAsked Questions
The respiration system is an important part of the human body. To ensure the proper inhalation/exhalation of oxygen and carbon dioxide, airway products like tracheal tubes and other devices are used. Endotracheal tubes provide an airway and are used in the trachea. Drugs can pass through this airway.
The rising number of respiratory-related surgeries worldwide has resulted in the increased penetration of the tracheal tubes and airway products market.
According to a study, the global tracheal tubes and airway products Industry size was $2.46 Billion in 2023 and is projected to reach $4.16 Billion by the end of 2032.
The global tracheal tubes and airway products market is expected to grow at a CAGR of 6% during the forecast period.
North America is leading in the tracheal tubes and airway products market, due to the rising elderly population, increasing advancements in medical technology, growing R&D activities to develop advanced devices, and escalating pollution levels.
Some key players in the tracheal tubes and airway products market are Smiths Medical, Intersurgical, Fuji Systems, Becton Dickinson & Co., Medline Industries, Medtronic, Teleflex Incorporated, ConvaTec, Airway Innovations, and Covidien.
The global tracheal tubes and airway products market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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