What is the global market size of the Tracheostomy Products Market?

Global Tracheostomy Products Market size was valued at USD 193.8 million in 2021 and is poised to grow from USD 201.0 million in 2022 to USD 278.8 million by 2030, growing at a CAGR of 4.2% during the forecast period (2023-2030).

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 News

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.
In October 2023, coordinated efforts among Germany and Austria have been on the ascent post-pandemic, especially considering shifts in merger control legislation.

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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 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. 'Medtronic plc', 'Smiths Medical', 'Teleflex Incorporated', 'Cook Medical', 'Fisher & Paykel Healthcare Limited', 'C. R. Bard, Inc. (now part of BD)', 'Medline Industries, Inc.', '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.'

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.

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.

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.

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