Asia Pacific Endotracheal Tube Market Size & Outlook
Asia Pacific endotracheal tube market, 2018-2030 (US$M)
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Asia Pacific endotracheal tube market highlights
- The Asia Pacific endotracheal tube market generated a revenue of USD 477.2 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, regular endotracheal was the largest revenue generating product in 2023.
- Reinforced Endotracheal Tube is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 477.2 million |
| Market revenue in 2030 | USD 796.5 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Regular endotracheal |
| Fastest growing segment | Reinforced Endotracheal Tube |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regular Endotracheal, Reinforced Endotracheal Tube, Preformed Endotracheal Tube, Double-lumen Endotracheal Tube |
| Key market players worldwide | Angiplast, Advin Health Care, Sterimed Group, ICU Medical Inc, Medtronic PLC, Teleflex Inc, ConvaTec Group PLC, Hollister, Medline Industries, BD, Pfm Medical |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.9% of the global endotracheal tube market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 796.5 million by 2030.
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Endotracheal Tube Market Scope
Endotracheal Tube Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific endotracheal tube market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to endotracheal tube market will help companies and investors design strategic landscapes.
Regular endotracheal was the largest segment with a revenue share of 32.12% in 2023. Horizon Databook has segmented the Asia Pacific endotracheal tube market based on regular endotracheal, reinforced endotracheal tube, preformed endotracheal tube, double-lumen endotracheal tube covering the revenue growth of each sub-segment from 2018 to 2030.
A large patient pool and the growing need for technologically improved and cost-effective healthcare solutions are predicted to create considerable regional growth potential in the market. As a result of low-cost services and increase in clinical trials, multinational businesses are making significant R&D investments to tap into untapped markets in Asia Pacific. These factors will have a significant impact on the market.
A few other factors promoting market expansion in the region are rise in hospital admissions and improvements in clinical development framework in developing nations. In addition, it is anticipated that in the coming years, the burden of chronic diseases and the growing older population in Asia Pacific would drive demand for endotracheal tube.
The three most prevalent diseases in the area, according to WHO, were cancer, diabetes, and cardiovascular disorders. However, the region's market expansion could be hampered by lack of advanced healthcare facilities, shortage of experienced professionals, and a poor reimbursement environment.
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Target buyers of Asia Pacific endotracheal tube market databook
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Our clientele includes a mix of endotracheal tube market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific endotracheal tube market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific endotracheal tube market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific endotracheal tube market size, by country, 2018-2030 (US$M)
Asia Pacific Endotracheal Tube Market Outlook Share, 2023 & 2030 (US$M)
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