Tracheal Tubes and Airway Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Tracheal Tubes and Airway Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Medical Devices | PPT format

Report Digest

Global Tracheal Tubes and Airway Products Market: Overview

The evolution of the tracheal tubes and airway products market is closely associated with continuous strides made in surgery and anaesthesia in the medical industry. The demand for these products has been growing in pre-hospital environments, emergency rooms, and critical care setting to ensure an appropriate respiration process in patients. The use of tracheal tubes has been indicated in patients who can’t breathe on their own, and form a part of lifesaving intervention along with ventilators.

Constant advancements made in airway products have helped clinician reduce the risk of intubation failure and aspiration, especially in patients with traumatic injuries. This is a key aspect in the tracheal tubes and airway products market. In recent years, the health care industry has also grown aware of the ventilator-associated pneumonia, which has boosted technological advancements in tracheal tubes.

Some of the key product types in the tracheal tubes and airway products market are endotracheal tube, oral and nasopharyngeal airways, breathing circuits, laryngeal mask, and tracheostomy tubes.

Global Tracheal Tubes and Airway Products Market: Key Developments

A great deal of technological advances in the tracheal tubes and airway products market is by advances in cuff design. In recent years, medical devices manufacturers have harnessed new approached in sealing cuff design and also find incorporating better materials useful. Such initiatives have no doubt paved way for enhancing the quality of care in critical care and operating rooms.

Biovo Technologies Ltd. (Biovo), an Israel-based medical device manufacturer, has announced in September 2019 that it intends to launch its novel anesthesia and ventilation platform in November at The American Association for Respiratory care (AARC) conference. The novel platform is named HyperForm and will adopt new approaches in sealing cuff design in tracheal tubes and tracheostomy tubes. The company considers the technology with game-changing in the tracheal tubes market. Such novel product developments and industry initiatives in commercializing such technologies will help meet large unmet needs of patient populations.

Some of the prominent players in the tracheal tubes market are Covidien, ConvaTec Group PLC, Medtronic, Becton Dickinson & Co., Intersurgical, and Smiths Medical.

Global Tracheal Tubes and Airway Products Market: Growth Dynamics

Growing application of tracheal tubes and airway products in mechanical ventilation and critical care to increase the survival rates is driving the market. Growing incidence of chronic respiratory diseases, growing effectiveness of airway products, is bolstering the demands for tracheal tubes. Moreover, the tracheal tubes and airway products market has gained momentum from numerous product developments that have advanced oral care for ventilated patients in intensive care units. Expanding skills of clinicians in endotracheal intubation has advanced the quality of care for emergency units. Over the years, depending on the intended use, endotracheal tubes made of different materials are used.

Rapidly aging population in emerging economies, notably Japan, is a favorable trend in the global tracheal tubes and airway products market. Technological advancement in anaesthesia products has also reinforced the growing potential of the market. Growing collaboration of various healthcare teams in acute care environments has also improved the success rate of tracheal tubes procedures in the market.

Global Tracheal Tubes and Airway Products Market: Regional Analysis

Some of the regional markets for tracheal tube and airway products are North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East and Africa. Of these, North America and Europe are promising markets, owing to the presence of robust infrastructures in acute and emergency care in the regions. Moreover, growing efforts to launch novel intubation technologies are also cementing the potential of these regions in the global tracheal tubes and airway products market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.