USD 193.8 million
Tracheostomy Products Market Size, Share, Growth Analysis, By Type(Tracheostomy Tubes, Ventilation Accessories, Clean & Care Kits, and Others), By Technique(Percutaneous Dilatational Tracheostomy, Surgical Tracheostomy, Demographics, Adult Patients), By End-use(Hospitals & Surgery Centers, Ambulatory Care Centers, Home Care Settings, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2624 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
94
|Figures:
76
Tracheostomy Products Market Insights
Global Tracheostomy Products Market size was valued at USD 193.8 million in 2022 and is poised to grow from USD 210 million in 2023 to USD 290 million by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).
The demand for tracheostomy accessories is rising as more surgeries are performed globally. COPD is one of the top causes of death in the globe. According to the WHO, there were over 251 million COPD sufferers globally. The growing number of surgeries and medical procedures that require airway management and ventilation support boosts the demand for tracheostomy products. Tracheostomy is often performed during critical care, emergency situations, and surgical procedures, creating a consistent demand for related products.
A rise in the prevalence of COPD and a consequent rise in the need for tracheostomy care are mostly caused by an increase in cigarette use and poor air quality, especially in middle-income countries. The number of persons requiring mechanical ventilation along with additional forms of respiratory support has considerably grown as a result of the COVID-19 epidemic. Long-term mechanical breathing is required for these patients, but some of them also need tracheostomies to enable weaning and make better use of hospital resources. However, because of the creation of aerosols and the high danger of nosocomial illness to medical personnel, the tracheostomy technique is challenging to conduct. Although cutaneous tracheostomy (PCT) is the gold standard of care in many ICUs, it poses a greater risk of aerosol production.
However, the main function of tracheostomies is to facilitate weaning in COVID-19 patients. Due to rising healthcare expenses and the financial standing of nations including the U.S., China, & India, among others, market participants might anticipate attractive opportunities. Additionally, tracheostomy supplies are used in numerous tracheostomy procedures, including those treating obstructive sleep apnea, chronic lung illness, anaphylaxis, throat malignancy, diaphragm malfunction, laryngectomy, and vocal cord weakness, among other conditions. The market is anticipated to rise due to favorable reimbursement policies, a developing healthcare infrastructure, and a high prevalence of respiratory illnesses.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Tracheostomy Tubes
Fastest Growth
Ventilation Accessories
Growth Rate
4.2% CAGR
Global Tracheostomy Products Market ($ Bn)
Country Share for North America Region (%)
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Tracheostomy Products Market Segmental Analysis
The global tracheostomy products market is type, technique, demographics, end-use and region. Based on type, the market is segmented into tracheostomy tubes, ventilation accessories, clean & care kits, and others. Based on technique, the market is segmented into percutaneous dilatational tracheostomy, surgical tracheostomy, demographics, adult patients, and pediatric/neonatal patients. Based on end-use the market is segmented into hospitals & surgery centers, ambulatory care centers, home care settings, and others. Based on region the global Tracheostomy Products Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
Tracheostomy tubes led the market in 2022 in a share of the market of more than 45%. This is due to the fact that tracheostomy procedures frequently involve the use of these tubes for a number of illnesses, such as anaphylaxis, chronic lung disease, coma, cancer of the esophagus, laryngectomy, apnea of sleep, vocal cord paralysis, & diaphragm malfunction. In addition to improved breathing and perfect precision, tracheostomy tubes also reduce the risk of aspiration and emissions, do away with intubations, and do away with laryngoscopies.
Additionally, to correct tidal volume, these tubes provide end-tidal carbon dioxide monitoring. Tracheostomy ventilation accessories are expected to experience the fastest CAGR growth during the forecast period. Respiratory masks, breathing circuits, filters, connectors, expiratory valves, ECHs, and test lungs are a few of the accessories used with tracheostomies. The growth in sales of portable ventilators that work is what is fueling the expanding need for ventilation accessories. Furthermore, the growth of the segment is being fueled by the need for ventilation systems, which is being fueled by the expansion of hospitals & academic medical centers.
Analysis by Technique
The global market has been further divided into surgical and percutaneous dilatational tracheostomies based on procedures. In terms of revenue share, the percutaneous dilatational tracheal in segment dominated the market in 2022 and is anticipated to grow at the quickest pace of 4.6% during the projected period. Compared to surgical methods, the noninvasive dilatational tracheal in technique is thought to be more efficient and secure. It takes less time to complete and has a lower risk of problems.
Additionally, percutaneous dilatational tracheostomy procedures are carried out more frequently on patients who are critically unwell. In critically ill patients, a protracted hospital stay necessitating a ventilator is the most typical justification for a percutaneous tracheostomy. Due to its affordability, the percutaneous dilatational tracheostomy procedure has almost entirely replaced surgical tracheostomy in the ICU. Additionally, it is simple to conduct at the patient's bedside, minimizing the need for unnecessary and frequently dangerous patient transfers to operating rooms (ORs).
Global Tracheostomy Products Market By Type
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Tracheostomy Products Market Regional Insights
North America dominated the market in terms of revenue share in 2022 due to the region's strong healthcare infrastructure, quick development of novel treatments and technologies for throat cancer, and expanding presence of major companies. The market is expected to rise primarily a result of important factors like increased healthcare spending per person and a high prevalence of respiratory ailments. The expansion of the North American regional market is also projected to be boosted by supportive government efforts and an increase in research collaborations.
Asia Pacific is anticipated to expand the quickest among all regions, with a CAGR of 5.2% over the forecast period. The Asia Pacific area has rapidly expanded as a result of the highly crowded and polluted nations in the region, which lead to a rise in respiratory illnesses. Over the course of the projection period, it is predicted that the rapid development of in-home medical and therapeutic services will also raise product demand in Asia Pacific.
Global Tracheostomy Products Market By Region
- Largest
- Fastest
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Tracheostomy Products Market Dynamics
Drivers
Increasing Prevalence of Respiratory Disorders
- The rising prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), sleep apnea, and tracheal stenosis, is a significant driver for the tracheostomy products market. Tracheostomy is a common procedure performed in patients with severe respiratory conditions, creating a demand for tracheostomy products.
Restraints
Complications and Risks
- Tracheostomy procedures come with inherent risks and potential complications, including infection, bleeding, tube displacement, scarring, and difficulty in weaning off ventilation. The associated risks and complications may restrain the adoption of tracheostomy products in some cases.
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Tracheostomy Products Market Competitive Landscape
The demand for at-home care for very ill patients is increasing as a result of technological improvements. The main competitors in the market are concentrating on improving their distribution capabilities, especially in emerging markets. For instance, Smiths Medical expanded their selection of tracheostomy tubes in 2021 by adding a (PVC) tracheostomy tubing portfolio. Additionally, in 2021 Cook Medical introduced the Blue Rhino G2-Multi Percutaneous Tracheostomy Introducer Kits and Trays in the United States and Canada.
ConvaTec and Vizient, Inc. renewed their agreement for Advanced Wound Care Products in 2021. The standardization of wound formularies and cost-saving strategies included in this new agreement are expected to boost ConvaTec's market potential and assist Vizient customers both clinically and financially.
Top Player’s Company Profiles
- Smiths Medical
- Cook Medical
- Fisher & Paykel Healthcare Limited
- C. R. Bard, Inc. (now part of BD)
- ConvaTec Group PLC
- Boston Medical Products, Inc.
- Tracoe Medical GmbH
- Troge Medical GmbH
- Well Lead Medical Co., Ltd.
- Fuji Systems Corp.
- Pulmodyne
- Humancare Group
- Andreas Fahl Medizintechnik-Vertrieb GmbH
- VBM Medizintechnik GmbH
- Salter Labs
- Pulmomed
- Kapitex Healthcare Ltd.
Recent Developments
-
In February 2024, Capitainer, a Swedish medtech company focused on creating wise answers for self-testing of blood and plasma and a portfolio company of Sciety, got a SEK 30 million investment from We Venture Capital, the venture capital arm of the Werfen Group. This essential venture addresses a critical achievement for Capitainer as it intends to turn into a main supplier of self-sampling solutions.
-
In September 2023, 2San joined forces with Phoenix Healthcare to present self-analytic tests in the UK. First, five self-indicative tests will be accessible at 380 Rowlands Drug store branches, and 10 tests has been available to 5,200 Numark independent pharmacy members started from September 1, 2023.
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In October 2023, coordinated efforts among Germany and Austria have been on the ascent post-pandemic, especially considering shifts in merger control legislation.
Tracheostomy Products Key Market Trends
- Growing Demand for Disposable Tracheostomy Products: There has been an increasing preference for disposable tracheostomy products due to their convenience, reduced risk of infection, and ease of use. Disposable tracheostomy tubes and related accessories offer cost-effective solutions and eliminate the need for cleaning and sterilization.
- Focus on Patient Safety and Comfort: Manufacturers are prioritizing the development of tracheostomy products that enhance patient safety and comfort. This includes the use of soft and flexible materials, improved sealing mechanisms, and ergonomic designs that minimize trauma and maximize patient comfort during use.
- Advancements in Tracheostomy Tube Design: Innovative designs of tracheostomy tubes are being introduced to address specific patient needs. These include tubes with fenestrations for speech and swallowing, adjustable flanges for optimal fit, and cuffed tubes for improved ventilation and prevention of aspiration.
- Integration of Technology: Technology integration is seen in tracheostomy products, enhancing their functionality and usability. This includes the incorporation of features such as monitoring capabilities, wireless connectivity for data transmission, and smart alarms for early detection of complications.
- Growing Adoption of Pediatric Tracheostomy Products: The demand for pediatric tracheostomy products has been increasing, driven by the need for specialized products for infants and children with airway-related conditions. Manufacturers are focusing on developing pediatric-specific.
Tracheostomy Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global tracheostomy products market analysis, the demand for tracheostomy accessories is rising as more surgeries are performed globally. COPD is one of the top causes of death in the globe. According to the WHO, there were over 251 million COPD sufferers globally. The growing number of surgeries and medical procedures that require airway management and ventilation support boosts the demand for tracheostomy products. Tracheostomy is often performed during critical care, emergency situations, and surgical procedures, creating a consistent demand for related products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 193.8 million |
| Market size value in 2031 | USD 290 million |
| Growth Rate | 4.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Tracheostomy Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Tracheostomy Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Tracheostomy Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tracheostomy Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tracheostomy Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tracheostomy Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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