ENDOTRACHEAL TUBE MARKET

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2. ENDOTRACHEAL TUBE MARKET Trachea, commonly known as windpipe, is a tube that connects the larynx to the bronchi of the lungs. Trachea serves as a passageway for air from the upper respiratory tract (throat and larynx) to the bronchi. Endotracheal tubes are hollow and flexible plastic tubes, which are placed from mouth to the trachea, when a person is not able to breathe on his own. The endotracheal tubes are connected to the ventilator that provides sufficient oxygen to the patient. The process of inserting endotracheal tube is known as endotracheal intubation (EI). Endotracheal tubes are available in different types such as cuffed, uncuffed, and reinforced. A cuffed endotracheal tube is surrounded by an inflatable cuff, which is used to provide an airway through the trachea and at the same time prevent aspiration of foreign materials such as saliva or vomitus into the bronchus. An uncuffed endotracheal tube is a flexible plastic tube that is placed through the mouth into the trachea to help the patient breathe. The endotracheal tube is connected to a ventilator, which delivers oxygen to the lungs. The global endotracheal tube market is expected to be valued at US$ 739.4 million in 2019, and is expected to exhibit a CAGR of 6.4% over the forecast period (2019-2027).

3. Figure 1. Global Endotracheal Tube Market Value (US$ Mn), by Region, 2019 Source: Coherent Market Insights Analysis (2020)

4. Increasing product approvals and launches are expected to propel the market growth over the forecast period Key players are focused on enhancing their product portfolio through increasing launches and approvals of advanced and efficient endotracheal tubes, which is expected to drive growth of the endotracheal tube market over the forecast period. For instance, in November 2016, Bactiguard launched its new BIP Endotracheal Tube Evac to prevent patients from ventilator associated pneumonia (VAP). The novel BIP Endotracheal Tube Evac features both subglottic secretion drainage and a Bactiguard coating to prevent ventilator associated pneumonia (VAP) infections.

5. Figure 2. Global Endotracheal Tube Market Share (%), by Route, 2027 Source: Coherent Market Insights Analysis (2020)

6. Increasing technological advancements in endotracheal tubes is • expected to drive the market growth over the forecast period Manufacturers are focusing on development of innovative endotracheal tubes in order to prevent the hospital acquired infections. For instance, In February, N8 Medical, LLC submitted the Investigational Device Exemption (IDE) to the Food and Drug Administration (FDA) for the first-in-human clinical study of its CeraShield Endotracheal Tube (ETT). The objective of the clinical study is to evaluate the safety and efficacy of the CeraShield Endotracheal Tube (ETT). However, increasing prevalence of hospital acquired infections such as ventilator associated pneumonia is expected to hinder the endotracheal tube market growth over the forecast period. For instance, according to the National Center for Biotechnology Information, in November 2017, each year in the U.S. ventilator-associated pneumonia (VAP) incidence range from 2 to 16 episodes per 1,000 ventilator-days.

7. Market Dynamics Increasing adoption of inorganic growth strategies such as mergers, agreements, and collaborations by key players operating in the market are expected to propel the market growth over the forecast period. For instance, in November 2017, Avanos Medical entered into a purchase agreement with Owens & Minor, Inc., a hospital service provider, in order to become the core franchise of its medical devices business segment. Moreover, in July 2018, Bactiguard entered into a new distribution agreement with AsidBonz GmbH, a distributor of medical devices, to supply the Bactiguard Infection Protection (BIP) products in Germany Key Players Major players operating in the global endotracheal tube market include Medtronic Plc, Teleflex Inc., ConvaTec Inc., Smiths Medical, Neurovision Medical Products, Intersurgical Inc., Royax, Novo Klinik-Service GmbH, Avanos Medical, Inc., Bactiguard, and N8 Medical LLC.

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