Key Takeaways from Analyst
The endotracheal tube sector continues to be driven by rising ICU admissions and increase in number of surgical procedures worldwide. Various advantages of endotracheal tubes such as enabling mechanical ventilation support for patients and preventing aspiration of secretions into the lungs will see continued demand growth.
North America dominates the endotracheal tube space currently due to high healthcare spending and presence of major players. However, Asia Pacific is expected to witness the fastest gains owing to growing medical tourism as well as rising number of hospitals in China and India.
Factors such as availability of alternative devices for airway management can negatively impact the endotracheal tube market. Complications associated with endotracheal intubation procedures also act as a roadblock. However, ongoing technological advancements focused on developing safer and user-friendly products are offsetting such challenges.
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