Intubation Tubes Market Analysis: Growth Forecast, Key Segments, and Regional Dynamics

 Market Overview:

  • The intubation tubes market was valued at USD 2,727.6 million in 2023 and is projected to reach USD 4,294.4 million by 2030, growing at a CAGR of over 6.9%.

  • Rising road accidents and trauma are major drivers of industry growth. There has been a notable increase in fatalities due to road accidents in recent years.

  • According to the WHO, road accidents claim around 1.5 million lives annually.

  • These accidents not only cause emotional trauma for the victims’ families but also result in significant economic losses.

  • Major accidents often lead to severe trauma in patients, requiring surgical intervention or immediate treatment, thus increasing the demand for intubation tubes.

  • The SARS-CoV-2 outbreak led to a significant rise in industry revenue, as the pandemic created a surge in patients needing intubation due to respiratory difficulties.

  • Intubation tubes are widely used to provide breathing support to COVID-19 patients.

Key Insights:

  • In 2023, the regular category held the largest market share at 40%, driven by the growing volume of surgeries due to increased respiratory disease incidence.

  • The reinforced category is expected to grow at a high CAGR, fueled by the rising number of patients with neurological conditions requiring surgery, as well as increased facial surgeries and road accidents.

  • The orotracheal category dominated the market in 2023, accounting for approximately 75% of the share. This route is preferred for its patient comfort.

  • Orotracheal intubation is extensively used for treating apneic and critically ill patients with multisystem diseases and severe injuries.

  • Emergency treatments represented the largest market share in 2023, around 55%, due to rising incidences of emergencies such as cardiopulmonary arrest, accidents, respiratory distress, and airway obstruction.

  • The therapy segment is expected to grow significantly, driven by the increasing number of surgeries that require intubation tubes for airway management.

  • North America was the leading market in 2023, holding about 60% of the share. This dominance is attributed to strong healthcare infrastructure, established reimbursement policies, and growing adoption of advanced medical devices.

  • The Asia-Pacific (APAC) region is anticipated to experience the fastest CAGR over the next decade due to rising pollution levels, an aging population, and a high incidence of cardiopulmonary conditions, all contributing to a higher demand for surgeries.

  • The intubation tubes market is highly fragmented and competitive, with companies actively engaging in new product launches, acquisitions, collaborations, and technological advancements to enhance their market presence.

Comments

Post a Comment

Popular posts from this blog

What Is a Data Center? How Does a Data Center Operate

Image
In simple words, a data center is a physical capability that establishments utilize to house their vital applications and information. A data center's structure is based on a network of computing and storing resources that allow the distribution of shared apps and data. The major components of a data center design comprise switches, routers, storage systems, firewalls, servers, and application-delivery controllers. The data center market is witnessing growth and is projected to reach USD 602.76 billion by 2030. What Defines a Modern Data Center? Contemporary data centers are more diverse than they were just a short period ago. Infrastructure has shifted from old-style on-premises physical servers to computer-generated networks that help apps and workloads across pools of bodily infrastructure and into a multi-cloud atmosphere. In this world, information exists and is linked through several data centers, the edge, and private and public clouds. The data center should be capable of
Read more

How Will Rapid Industrialization Drive Hydraulic Equipment Demand?

Image
The Government of India completed the construction of 2,734 projects under the Smart City Mission till 2021. The government is currently working on the construction of 100 smart cities, 6 new ports and 14 coastal economic zones (CEZs). Likewise, Infrastructure Australia (IA) approved the construction of 44 new infrastructure projects in February 2021. The rising construction activities, on account of the booming population and mounting investments being made in the construction sector, will propel the need for hydraulic equipment in the coming years. Additionally, the rapid industrialization in developing countries will drive the hydraulic equipment market growth during 2021–2030. According to P&S Intelligence, the market generated a revenue of $37 billion in 2020. For instance, the United Nations Industrial Development Organization (UNIDO) aims to offer institutional support to special economic zones (SEZs) and industrial and technology parks in Brazil. The UNIDO will help Brazil
Read more

Why Is OLED Material Consumption Highest in Asia-Pacific?

Image
The technology of TV displays has evolved significantly from the cathode ray tubes of the mid-20th century to the liquid crystal displays (LCDs) and light-emitting diodes (LEDs) of the first decade of the 21st century. With efforts on to make the displays even better, organic light-emitting diodes (OLEDs) have been invented, which are rapidly becoming popular in TVs, smartphones, laptops, tablets, and automotive displays. This is because of the several advantages OLED screens offer, including brighter pictures, larger viewing angles, ability to work in a wider temperature range, and lower power consumption. Moreover, OLEDs are so thin that they can be used for curved and folded screens, which are becoming rapidly popular, especially in wearable devices and other consumer electronics. Similarly, transparent displays, which are helping revolutionize advertising activities, have become possible due to OLEDs. P&S Intelligence cites these advantages and the constant research being put i
Read more