Tracheal Tube and Airway Products Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Industry Outlook

The tracheal tube and airway products market is set to reach from US$ 3,578.5 Mn in 2020 to US$ 6,414.0 Mn by 2029 at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2021 to 2029. As per the research citing published by World Health Organization (WHO), approximately 90% of the death occurring due to chronic obstructive pulmonary disease (COPD) is occurring in the lower and middle income countries.

Significant rise in surgical procedures and flexibility to deliver medications drives the endotracheal tubes market demand

Endotracheal tube is 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 in unconscious patients. Laryngeal mask is gaining tremendous traction on account of its availability in different configurations such as LMA flexible, Proseal, Supreme, CTrach etc. It also serves as an alternative to mask anesthesia and short surgical procedures which do not require endotracheal tubes.

Rising public health awareness and availability of intensive care units together drive the hospitals market growth

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

Rising prevalence of pulmonary disorders and existence of major players together drive the market growth in North America region

North America is spearheading the regional segment for tracheal tube and airway products market accounting for a share of 35.1% market share. The key factors promoting its supreme market growth are rising prevalence of pulmonary disorder. As per the statistics brought forward by the Center 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 as 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 bolster the market growth in the region. Europe is holding 30.6% market share owing to the supportive regulatory environment provided by the European Medical Agency (EMA) regarding the sale of tracheal tube and airway products. Asia Pacific is representing 16.8% market share on account of rising incidence of chronic obstructive pulmonary disease, increased consumption of tobacco and smoking. Growing urbanization and industrialization causes air pollution which is an important risk factor associated with chronic lower respiratory diseases.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2021 to 2029.

Pharmaceutical companies pioneering in 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 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 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?

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