Global Tracheal Tube and Airway Products Market was Worth US$ 3,050.6 Million, and It is Expected to Grow at a Healthy CAGR of 6.4% from 2018 to 2026

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Tracheal Tube and Airway Products
Tracheal Tube and Airway Products


The global Tracheal Tube and Airway Products Market is expected to grow due to an increase in product launches of tracheal tubes and airway products. With key players' constant focus on developing new products, the global market for tracheal tube and airway products is expected to grow rapidly. In January 2019, Oventus Medical, for example, released O2 Vent Optima, a new product. It's a treatment for obstructive sleep apnea. It was created using Oventus Medical's airway technology. It keeps the airway from collapsing and allows unrestricted airflow from the tongue, soft palate, and nose. It's possible to use it with or without continuous positive airway pressure (CPAP).

The Global Tracheal Tube and Airway Products Market are expected to grow due to key players' adoption of strategies such as mergers, acquisitions, collaborations, and others to maintain a competitive edge in the market. For example, in February 2019, Pulmodyne, an airway product manufacturer, acquired products for respiratory and emergency airway management from Mr. Steve Islava, a developer. The acquisition was made in order to broaden the company's product offerings. The SIPQuik Cervical Collar, NebuFlex, Pneusplint Extremity Splints, Open the Airway (OTA) CPR Board, and the Care2 Nebulizer are among the products available.

Additionally, regulatory approvals of tracheal tubes and airway products are expected to propel the global Tracheal Tube and Airway Products Market forward. For example, Vapotherm Inc. received FDA approval for its respiratory assistance product, the Flow Hi-VNI system, in October 2018. Through nasal cannulas, it removes heavy carbon dioxide and oxygen-depleted exhaled air and replaces it with humidified oxygen-rich air. As a result, key players' introduction of such products is expected to propel the global market for tracheal tube and airway products forward.

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