Endotracheal Tubes Market Size Worth $2.9 Billion by 2027: Grand View Research, Inc.

Endotracheal Tubes Market Size Worth $2.9 Billion by 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, June 24, 2020

SAN FRANCISCO, June 24, 2020 /PRNewswire/ -- The global endotracheal tubes market size is expected to reach USD 2.9 billion by 2027, expanding at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. The rising prevalence of chronic diseases such as respiratory, cardiovascular diseases, and increasing number of surgical procedures, are expected to propel market growth. In addition, technological development in the medical device is further expected to contribute to market growth during forecast period. Recently Medtronic has launched a Shiley laser oral endotracheal tubes that are most widely used for ventilation during CO2 and KTP laser surgeries of the laryngeal or tracheal area.

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Moreover, growing need for ventilator associated with pneumonia and increasing geriatric population that are prone to chronic diseases is one of the important factors responsible for market growth during assessment period. As per World Health Organization Report 2019, 4.0 million people die prematurely due to chronic respiratory disease. Due to increasing air pollution the prevalence of respiratory diseases is also increasing. According to World Health Organization Report 2019, around 2.0 billion people are exposed to indoor toxic, 1.0 billion people are exposed to outdoor pollutant air, and around 1.0 billion people are exposed to tobacco smoke. Above factors are likely to boost market growth. In addition increasing awareness about technologically advanced medical devices, and developments in the field of nanobiotechnology and drug design are some of the factors responsible for market growth.

Key suggestions from the report:

Read 113 page research report with ToC on "Endotracheal Tubes Market Size, Share & Trends Analysis Report By Product Type, By Route Type (Orotracheal, Nasotracheal), By Application, By End Use (Hospitals, Clinics), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/endotracheal-tubes-market

North America accounted for the highest market share in 2019 owing to the advanced healthcare system and the growing prevalence of chronic diseases in the country. In addition, the presence of major players in the region contributed to market growth.

Grand View Research has segmented the global endotracheal tubes market based on product type, route type, application, end use, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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