The global TrachealTube And Airway Products Market by Product Type (Products (EndotrachealTube, 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) andPolypropylene (PP)), and Others), By EndUser (Hospitals, Surgical / Ambulatory Surgical Centers, and HomecareSettings), 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 isprojected to exhibit a CAGR of 6.4% over the forecast period (2018–2026), ashighlighted in a new report published by.
The global tracheal tube andairway products market is expected to witness significant growth over theforecast period, owing to factors such as collaborations and partnerships,mergers and acquisitions, and product launches. Furthermore, higher prevalenceof diseases including obstructive sleep apnea, chronic obstructive pulmonarydiseases, etc. is expected to fuel global tracheal tube and airway productsmarket growth. According to Centre for Disease Control and Prevention (CDC)data 2017, around 8.6 million people were diagnosed with chronic bronchitis and3.4 million with emphysema in the U.S. Chronic bronchitis and emphysema arepart of chronic obstructive pulmonary diseases. In January 2018, Aerin Medical,Inc. launched a product, VIVAER Non-Invasive Airway Remodeling System. It isbeing used for the treatment of nasal airway obstruction instead of implants orincisions. Its clinical studies revealed that maximum number of participantsshowed significant progress in nasal airflow. Furthermore, in January 2019,Adroit Surgical LLC launched a laryngoscope and intubation product, Vie Scopeand the Voir Bougie respectively.
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The laryngoscope isbattery–powered and the circular tube has an open end that allows visualizationof vocal cords. The intubation offers safety and efficiency. This intubationhas marked bands that allow detection of the depth of insertion, which preventstracheal or lung injury. Hence, such products are expected to drive the globaltracheal tubes and airway products market growth.
Browse 26 Market Data Tables and32 Figures spread through 172 Pages and in-depth TOC on Global Tracheal Tubeand Airway Products Market by Product Type (Products (Endotracheal Tube, OralAirway Tube, Nasal Airway Tube, Oral/Nasal Airway Tube, Laryngoscope, Others)and Accessories), by Material (Polyvinyl Chloride (PVC), ThermoplasticPolyurethane (TPU), Silicone, Polyolefins (Polyethylene (PE) and Polypropylene(PP)), and Others), By End User (Hospitals, Surgical / Ambulatory SurgicalCenters, 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 bykey players are expected to accelerate the global tracheal tubes and airwayproducts market growth. For instance, in January 2019, Olympus Corporationintroduced a product in the market, Spiration bronchial valve. It is designedfor the treatment of severe emphysema and is a minimally invasive airway typeof therapy. It directs the air towards the healthier part of lungs and awayfrom hyper inflated part of lungs. Furthermore, adoption of strategies such asacquisitions by key players is expected to impel the global tracheal tubes andairway products market growth. For instance, in June 2018, Novo Clinic ServiceGmbH, a medical technology developer company acquired Innocath GmbH, to expandits product portfolio. The ventilation product of Innocath GmbH is being addedto the airway management product line. It also includes respiratory tubingsystems, laryngeal masks, tubes, and other accessories. Hence, these factorsare expected to boost the global tracheal tubes and airway products marketgrowth.
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Key Takeaways of the GlobalTracheal Tube and Airway Products Market:
The global tracheal tube andairway products market is expected to exhibit a CAGR of 4% over the forecastperiod (2018–2026), owing to rising prevalence of diseases such as chronicobstructive pulmonary disorder
Manufacturers are constantlyfocused on developing new products, which is expected to propel the globaltracheal tube and airway products market growth
Adoption of growth strategiesincluding mergers, acquisitions, partnerships, etc. by key players is expectedto aid the global tracheal tubes and airway products market growth
Major players operating in theglobal tracheal tube and airway products market include Teleflex Inc., SmithsMedical, Medtronic Plc., Medis Medical (UK) Ltd, VBM Medizintechnik GmbH, TheAirway Company (Shikani Medical, LLC), Halyard Health, Boston Medical ProductsInc., BomiMed, and Mercury Medical
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