Intubation Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025
Intubation Market Segmented By Airway Management Tubes, EndoBronchial Tubes, Endotracheal Tubes, Nasal Airway Tubes, Oral Airway Tubes, Tracheostomy Tubes Type with Reusable, Disposable Usage
Intubation Market: About the Report
Advanced techniques for the management of incubation procedures are proliferating the expansion of the global incubation market size. Players in this space are resorting to collaborative approaches through acquisitions and JV agreements to gain a stronger foothold. The report dives deep into the regional analysis of this market, and explains why the regions of North America and Europe dominate the industry. Demand for disposable intubation devices is steadily increasing across regions, and this trend will only get stronger as time goes by.
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- Deas S.R.L
- Medis Medical
- Smiths Medical
- Flexicare Medical Limited
Intubation Market Trends
Development of Advanced Techniques for Management of Intubation Procedures: Intubation is a procedure used to place a flexible plastic tube into a patient’s trachea through the mouth or nose, to maintain an open airway. This helps prevent suffocation or serve as a channel to administer an anaesthetic, medication, or oxygen. High number of intubation procedures are projected to gain traction in the global intubation market. In 2010, there were an estimated 25 Mn intubations in the U. S., and more than 50 Mn globally, a huge volume of procedures in the intubation market.
Improved clinical effectiveness and safety of commercialized intubation products are being focused by leading industry players. Key companies are engaged in extensive technical advancements by putting high research & development funding in the global intubation market. This enhanced product innovation and exclusive technological advancements are becoming mainstream drivers of the global intubation market. Established clinical efficacy and safety with minimal post-operative complications are leading to higher adoption of intubation medical devices in the intubation market, such as endotracheal, nasogastric, nasotracheal, and other intubation products.
- For instance, in December 2019, Medtronic Plc. announced new technology development in the field of anaesthesia intubation techniques. In the World Airway Management Meeting (WAMM) 2019, the company revealed innovative video laryngoscopy for routine application in tracheal intubation for patients undergoing general anesthesia. This technology enables difficult intubation procedures to be safe and effective.
As per a study in 2019, difficult intubation medical procedures contribute to approximately US $ 2 Bn additional costs in the U. S., and this is expected to create high demand for technologically-advanced products in the global intubation market. Advances in intubation techniques and rising trend of minimal-invasive surgical procedures are key factors behind the high adoption of intubation products.
Industry Acquisition, Collaborations, and Agreements by Leading Players to Accelerate Market Growth: Leading manufacturers and suppliers in the intubation market are focusing on several deals and external collaborative approaches to enhance their sales and market presence. Few leading companies are acquiring innovative intubation medical device developers and manufacturers to strengthen their intubation market positioning and expansion capabilities. These industry-led deals are expected to launch cutting-edge intubation products with technical advancements in the global intubation market. In addition, marketing and exclusive distribution partnerships are fuelling product awareness and availability in the market, resulting in higher adoption of products within the scientific community.
- For instance, in October 2017, Salter Labs, a specialized company in respiratory care medical devices, acquired three innovative medical device companies - Innomed Technologies, Parker Medical, and IntuBrite, for undisclosed amounts. Parker Medical and IntuBrite, two acquired companies, were developers and manufacturers of intubation tubes especially for endotracheal and laryngoscopy medical procedures.
Endotracheal Intubation Products Gaining Traction, Owing to Significant Rise in Anaesthesia & Surgical Procedures: The European Society of Gastrointestinal Endoscopy (ESGE) has recommended endoscopic approach as a first-line treatment option for most surgical procedures for respiratory and GI-tract conditions. Endotracheal intubation is the preferred type of procedure in the global intubation market among all other intubation procedures, owing to rising cases of respiratory diseases and high use in anesthethesia procedures with minimum complications and high.
For instance, as per 2019 statistics, endotracheal intubation procedures are regularly used as a life-saving medical technique, and over 15 Mn endotracheal intubations are performed in an operating room in the U.S. annually. This, in addition to 650,000 non-operating hospital intubation procedures, containing 346,000 emergency department intubation procedures.
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Regional Outlook of Intubation Market
North America and Europe currently hold more than 70% of the global intubation market share. Based on product type, demand for airway management tubes has significantly increased in Europe, South Asia, and North America, due to rise in surgical procedures across these regions.
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COVID-19 Crisis Impact on Intubation Market
Emergence of highly transmissible respiratory pathogens requires high standard of treatment and management of infected patients. Also, considerable time is required for the development and commercialization of effective prevention and treatment options for COVID-19 infection, such as vaccines or antiviral therapeutics.
The intubation market is expected to experience short-term negative growth, owing to sharp reduction in number of medical intubation procedures due to decline in hospitalization rates and subsequent medical procedures. For instance, as per a U. S. study, acute coronary syndrome case hospitalizations reduced by 11%, and transient ischemic attacks or atrial fibrillation case hospitalizations have reduced by 30%.
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An extensive analysis of an intubation market has brought our analysts to a conclusion that, the market is surging at a significant annual growth rate. Currently, endotracheal intubation tubes is a targeted segment for major players in the intubation market, due to high unmet procedure volume and technology advancements. North America and Europe collectively hold more than 70% of revenue share, due to the launch of new products and highly skilled workforce in these regions. China and Japan are offering lucrative opportunities in the Asia intubation market, due to high pool of patients and rising healthcare system standards in the region.