Published Date : Mar 29, 2017
ALBANY, New York, March 29, 2017: A new market intelligence study has recently been added by MarketResearchReports.biz to its vast repository of research reports. The 67-page research study, titled “Global Anesthesia Endotracheal Tubes Market 2016-2020,” offers a detailed overview, offering insights into the key aspects that are projected to influence the growth of the market in the coming few years. In addition, the key segmentation, growth prospects, challenges, and the competitive landscape of the global anesthesia endotracheal tubes market have been provided in the research report. As per the report, the market is likely to register a 2.0% CAGR between 2016 and 2020.
The rising number of cases of chronic respiratory diseases and the increasing volume of surgical procedures are expected to encourage the growth of the global anesthesia endotracheal tubes market in the coming years. In addition, a substantial rise in image assisted airway operations and the easy availability of online purchasing for anesthesia products are predicted to accelerate the growth of the overall market throughout the forecast period. However, the complications in the anesthesia delivery systems are estimated to hamper the growth of the market in the coming few years.
On the basis of end use, the global market for anesthesia endotracheal tubes has been classified into hospitals and clinics and ASCs. In 2015, the hospital and clinic segment led the global market and accounted for a key share. As per the research study, this segment is projected to remain in the leading position throughout the forecast period. The availability of advanced medical infrastructure in large hospitals is anticipated to fuel the growth of this segment in the next few years. The market share and the growth rate of each segment have been provided in the scope of the study.
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From a geographical point of view, the Americas are anticipated to witness a high level of growth throughout the forecast period. The increasing contribution from the U.S. is one of the key factors anticipated to fuel the growth of the market in the next few years. In addition, the significantly rising number of surgeries resulting in the adoption of anesthesia endotracheal tubes in order to prevent cross-contamination is likely to supplement the growth of the market in the forecast period. Furthermore, the availability of adequate reimbursement policies and technological advancements are projected to accelerate the market’s growth in the coming years.
The global market for anesthesia endotracheal tubes is extremely fragmented in nature and is expected to witness a moderate level of competition throughout the forecast period. The key players operating in the market are emphasizing on the expansion of the product line and innovations in order to gain a competitive edge in the market and attain high profits in the coming years. These players are competing against each other on the basis of cost, product portfolio, and quality. Some of the players mentioned in the research study are Neurovision Medical, ConvaTec, Smiths Medical, KindWell Medical, GE Healthcare, Teleflex, Medtronic, SEWOONMEDICAL, Fuji Systems, Intersurgical, ROYAX, and C. R. Bard.
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