Market Trends of Endotracheal Tube Industry
Ambulatory Surgery Centers (ASC) Segment Expected to Witness Significant Growth Over the Forecast Period
Ambulatory surgery centers (ASCs) are specialized facilities tailored for surgeries that do not require overnight hospital stays. They are known for their cost-effectiveness and reduced stress compared to traditional hospitals and are increasingly preferred for their convenience and efficiency. The rising demand for ASCs can be attributed to their lower surgical costs compared to hospitals. This affordability not only boosts the number of procedures performed at ASCs but also drives the demand for endotracheal tubes in the market, thus fueling segment growth.
The number of surgeries in ASCs is expected to increase drastically over the coming years. For instance, as per the American Surgery Center Board of Directors’s Kemal Erkan, who stated in January 2024, ASCs are expected to witness a robust growth of 25% in surgical procedures over the next decade, outpacing the 18% growth projected for both hospital outpatient departments and physician offices. Thus, with the expected increase in the number of surgical procedures performed in ASCs, including those requiring anesthesia, the demand for endotracheal tubes is expected to rise to provide adequate ventilation. Such factors are driving the segment’s growth over the forecast period.
Additionally, the launch of new ambulatory surgery centers worldwide may lead to a higher volume of surgeries, many of which require general anesthesia and airway management, thus driving demand for the endotracheal tubes market. For instance, in May 2024, Panoramic Health, in partnership with Florida's largest nephrology group, Florida Kidney Physicians (FKP), launched a 10,000 sq. ft ASC in Tampa, Florida. This move not only strengthened Panoramic Health's position as a leading integrated nephrology provider but also highlighted its dedication to enhancing patient care through an expanded service range.
Similarly, in February 2023, UR Medicine inaugurated its inaugural ambulatory orthopedic surgery center, catering to bone and joint surgeries for residents of Western New York. This center is uniquely tailored for patients with mobility challenges requiring orthopedic outpatient procedures. Additionally, the UR Medicine Orthopaedic Surgery Center plays a pivotal role in a broader USD 277 million medical initiative. Thus, the introduction of new ambulatory surgical centers boosts the demand for endotracheal tubes across the facilities for performing various surgical procedures, which is anticipated to propel the segment’s growth.
Therefore, owing to factors such as the rising number of surgeries performed in ambulatory surgical centers, coupled with the establishment of new ambulatory surgical centers worldwide, the market segment is expected to grow over the forecast period.
North America Expected to Hold a Significant Market Share Over the Forecast Period
North America is expected to register significant growth during the forecast period owing to factors such as the rising number of surgeries due to the growing burden of chronic diseases and the high demand for respiratory support in critical care units. In addition, the presence of a well-established healthcare system, high healthcare spending, a growing geriatric population, and reimbursement initiatives by the government are expected to boost market growth over the forecast period.
Chronic diseases, including cardiovascular ailments, cancer, and neurovascular disorders, are increasingly burdening the population, driving the demand for endotracheal tubes in the regional market. For instance, data published by the Centers for Disease Control and Prevention (CDC) in 2024 indicates that over 356,000 individuals in the United States experience out-of-hospital cardiac arrests annually. Such cardiac events often necessitate immediate airway management to ensure proper ventilation and oxygenation, underscoring the critical role of endotracheal tubes in resuscitation.
Furthermore, the number of surgical procedures across the region is increasing, which is expected to propel the demand for endotracheal tubes across North American countries. For instance, a report from Saskatchewan in May 2024 highlighted Canada's unprecedented surgical activities, with over 95,700 surgeries conducted from April 1, 2023, to March 31, 2024. This marked an increase of almost 6,000 surgeries over the previous year, setting a new high. In addition, the report highlighted that the annual volumes for hip and knee replacements surged to nearly 7,100 in 2023-2024, up from around 6,300 in 2022-2023. Thus, the increasing number of surgical procedures is expected to fuel the need for endotracheal tubes to provide ventilation to patients during surgical procedures, which is anticipated to augment market growth over the forecast period.
Similarly, according to data from the CDC in 2024, C-section surgery procedures constituted 32.4% of births in 2023, a slight rise from the 32.1% recorded in 2022. With the increase in C-sections requiring general anesthesia, there is a heightened need for rapid airway management, ensuring effective ventilation during anesthesia induction and maintenance. This growing demand is set to drive the endotracheal tubes market over the forecast period.
Furthermore, the rise in the number of hospitals and ambulatory surgery centers is bolstering the market for endotracheal tubes. For instance, according to a report published by the Definitive Healthcare Hospital, there were over 7,335 hospitals in the United States in January 2023, having increased from over 6,120 hospitals in 2022. This expanding hospital network is fueling the endotracheal tubes market as these products become increasingly vital across diverse medical settings and procedures.
Therefore, owing to factors such as the high burden of cardiac arrest among the population, the growing number of orthopedic and cesarean surgeries, and the increasing establishment of hospitals, the North American endotracheal tubes market is expected to grow over the forecast period.
