Market Size of Endotracheal Tube Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.30 Billion |
| Market Size (2029) | USD 3.12 Billion |
| CAGR (2024 - 2029) | 6.24 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Endotracheal Tube Market Analysis
The Endotracheal Tube Market size is estimated at USD 2.30 billion in 2024, and is expected to reach USD 3.12 billion by 2029, at a CAGR of 6.24% during the forecast period (2024-2029).
Factors such as the increasing incidence of chronic diseases, the rising number of surgical procedures, and increasing technological advancements are expected to boost the growth of the endotracheal tubes market over the forecast period.
An increase in conditions such as chronic obstructive pulmonary disease, asthma, and pneumonia leads to a higher demand for ventilation support, as patients with severe respiratory conditions often require hospitalization, where mechanical ventilation is necessary. This drives demand for endotracheal tubes used during intubation, which is expected to propel market growth over the forecast period.
For instance, according to an article published in BMC Public Health in January 2024, the overall prevalence of COPD in people aged 40 years and older was 12.64% in 2023 globally. Notably, men exhibited a higher prevalence at 15.47%, compared to 8.79% in women. With the global rise in COPD cases, the demand for respiratory support intensifies. Given that COPD can lead to severe exacerbations necessitating hospitalizations, there is a heightened likelihood of requiring endotracheal intubation for respiratory support. This trend is set to boost the demand for endotracheal tubes, driving the market's growth.
Furthermore, the increasing number of surgical procedures on a global level is likely to contribute to market growth. For instance, an article published in the Academy of Orthopedics in May 2024 reported that yearly in the United States, more than 600,000 knee replacement surgeries are carried out, making it one of the most frequently performed joint replacement surgeries. It is estimated that by 2030, the number of total knee replacement surgeries will increase by 67%, resulting in 3.5 million procedures being performed annually. Given that knee replacements typically demand general anesthesia, endotracheal tubes become essential for airway security during these surgeries. This trend underscores that market expansion is anticipated over the coming years.
Moreover, innovation in tube designs, materials, and features are enhancing the safety and effectiveness of endotracheal tubes, leading to their increased adoption across healthcare facilities. Various studies have focused on developing an improved laser-resistant endotracheal tube. For instance, a June 2024 article published in Laryngoscope highlighted that the new endotracheal tube enhances safety for otolaryngologists during laser airway surgeries. As a result, the heightened effectiveness and safety of these advanced endotracheal tubes are poised to drive their adoption, subsequently fueling market growth.
Therefore, factors such as the high burden of respiratory diseases, the increasing number of surgeries, and advancements in endotracheal tubes are expected to boost market growth over the forecast period. However, the availability of alternate airway devices and the high number of product recalls are likely to impede market growth over the forecast period.
