The global Tracheal
Tube And Airway Products Market by Product Type (Products (Endotracheal
Tube, Oral Airway Tube, Nasal Airway Tube, Oral/Nasal Airway Tube,
Laryngoscope, Others) and Accessories), by Material (Polyvinyl Chloride (PVC),
Thermoplastic Polyurethane (TPU), Silicone, Polyolefins (Polyethylene (PE) and
Polypropylene (PP)), and Others), By End
User (Hospitals, Surgical / Ambulatory Surgical Centers, and Homecare
Settings), and By Region (North America, Latin America, Europe, Asia Pacific,
the Middle East, and Africa) was valued at US$ 3,050.6 million in 2017 and is
projected to exhibit a CAGR of 6.4% over the forecast period (2018–2026), as
highlighted in a new report published by.
The global tracheal tube and
airway products market is expected to witness significant growth over the
forecast period, owing to factors such as collaborations and partnerships,
mergers and acquisitions, and product launches. Furthermore, higher prevalence
of diseases including obstructive sleep apnea, chronic obstructive pulmonary
diseases, etc. is expected to fuel global tracheal tube and airway products
market growth. According to Centre for Disease Control and Prevention (CDC)
data 2017, around 8.6 million people were diagnosed with chronic bronchitis and
3.4 million with emphysema in the U.S. Chronic bronchitis and emphysema are
part of chronic obstructive pulmonary diseases. In January 2018, Aerin Medical,
Inc. launched a product, VIVAER Non-Invasive Airway Remodeling System. It is
being used for the treatment of nasal airway obstruction instead of implants or
incisions. Its clinical studies revealed that maximum number of participants
showed significant progress in nasal airflow. Furthermore, in January 2019,
Adroit Surgical LLC launched a laryngoscope and intubation product, Vie Scope
and the Voir Bougie respectively.
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The laryngoscope is
battery–powered and the circular tube has an open end that allows visualization
of vocal cords. The intubation offers safety and efficiency. This intubation
has marked bands that allow detection of the depth of insertion, which prevents
tracheal or lung injury. Hence, such products are expected to drive the global
tracheal tubes and airway products market growth.
Browse 26 Market Data Tables and
32 Figures spread through 172 Pages and in-depth TOC on Global Tracheal Tube
and Airway Products Market by Product Type (Products (Endotracheal Tube, Oral
Airway Tube, Nasal Airway Tube, Oral/Nasal Airway Tube, Laryngoscope, Others)
and Accessories), by Material (Polyvinyl Chloride (PVC), Thermoplastic
Polyurethane (TPU), Silicone, Polyolefins (Polyethylene (PE) and Polypropylene
(PP)), and Others), By End User (Hospitals, Surgical / Ambulatory Surgical
Centers, and Homecare Settings), and By Region (North America, Latin America,
Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026
Increasing product launches by
key players are expected to accelerate the global tracheal tubes and airway
products market growth. For instance, in January 2019, Olympus Corporation
introduced a product in the market, Spiration bronchial valve. It is designed
for the treatment of severe emphysema and is a minimally invasive airway type
of therapy. It directs the air towards the healthier part of lungs and away
from hyper inflated part of lungs. Furthermore, adoption of strategies such as
acquisitions by key players is expected to impel the global tracheal tubes and
airway products market growth. For instance, in June 2018, Novo Clinic Service
GmbH, a medical technology developer company acquired Innocath GmbH, to expand
its product portfolio. The ventilation product of Innocath GmbH is being added
to the airway management product line. It also includes respiratory tubing
systems, laryngeal masks, tubes, and other accessories. Hence, these factors
are expected to boost the global tracheal tubes and airway products market
growth.
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Key Takeaways of the Global
Tracheal Tube and Airway Products Market:
The global tracheal tube and
airway products market is expected to exhibit a CAGR of 4% over the forecast
period (2018–2026), owing to rising prevalence of diseases such as chronic
obstructive pulmonary disorder
Manufacturers are constantly
focused on developing new products, which is expected to propel the global
tracheal tube and airway products market growth
Adoption of growth strategies
including mergers, acquisitions, partnerships, etc. by key players is expected
to aid the global tracheal tubes and airway products market growth
Major players operating in the
global tracheal tube and airway products market include Teleflex Inc., Smiths
Medical, Medtronic Plc., Medis Medical (UK) Ltd, VBM Medizintechnik GmbH, The
Airway Company (Shikani Medical, LLC), Halyard Health, Boston Medical Products
Inc., BomiMed, and Mercury Medical
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