Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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, and 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 Coherent Market Insights.
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Factors such as collaborations and partnerships, mergers and acquisitions, and product launches are expected to drive growth of the global tracheal tube and airway products market over the forecast period. Moreover, the market growth is driven by rising prevalence of diseases including obstructive sleep apnea, chronic obstructive pulmonary diseases, and others. According to the Centers 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 used for the treatment of nasal airway obstruction instead of implants or incisions. Clinical studies on this product 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. The laryngoscope is powered using battery and the circular tube has an open end that allows visualization of vocal cords. The intubation offers safety and efficiency, and it has marked bands that allow detection of the depth of insertion, which prevents tracheal or lung injury. Hence, such product launches are expected to boost growth of the global tracheal tubes and airway products market.
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, and 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
To know the latest trends and insights prevalent in the global tracheal tube and airway products market Press Release, click the link below: https://bit.ly/2RNohuF
Furthermore, the market growth is expected to be fueled by rising product launches by key players. For instance, in January 2019, Olympus Corporation introduced a product, Spiration bronchial valve, in the market. It is designed for the treatment of severe emphysema and is a minimally invasive airway type of therapy. It directs air towards the healthier part of lungs and away from hyper inflated part of lungs.
Furthermore, key players are adopting growth strategies such as acquisitions, which is expected to drive growth of the global tracheal tubes and airway products market. For instance, in June 2018, Novo Clinic Service GmbH, a medical technology developer company, acquired Innocath GmbH, in order to expand its product portfolio. The ventilation product of Innocath GmbH is being added to the airway management product line of Novo Clinic Service GmbH. It also includes respiratory tubing systems, laryngeal masks, tubes, and other accessories. Therefore, these factors are expected to fuel growth of the global tracheal tubes and airway products market growth.
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 6.4%over the forecast period (2018–2026) due to increasing prevalence of diseases such as chronic obstructive pulmonary disorder
- Key players are focusing on various strategies such as new product development, mergers, acquisitions, and partnerships, which is expected to drive growth of the tracheal tube and airway products market
- Some of the key 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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