Product Code: GVR-4-68039-934-3
Tracheostomy Products Market Growth & Trends:
The global tracheostomy products market size is expected to reach USD 278.8 million by 2030, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The volume of surgical operations has increased with the rising incidence of chronic respiratory illnesses, such as Cardiovascular Diseases (CVDs), diabetes, respiratory diseases, cancer, or other respiratory injuries. As the number of surgeries conducted worldwide continues to rise, the demand for tracheostomy products is growing at a rapid pace. During the COVID-19 pandemic, the FDA had undertaken steps to ensure prompt access to high-quality medical devices for healthcare providers and patients to respond effectively to a public health emergency.
Therefore, the Emergency Use Authorization (EUA) regulatory strategy aids several enterprises in expanding the availability of respiratory products and accessories. Smiths Medical (U.S.) introduced Portex tracheostomy tubes and kits in January 2020. In COVID-19 patients, tracheostomy is being used to aid with weaning and maximizing healthcare resource usage. Respiratory disorders continue to be more prevalent in economies with middle and low income. According to the WHO, the higher the prevalence of pollution and cigarette usage, the greater the risk of respiratory disorders in the years ahead. This has resulted in the increased need for respiratory accessories, such as tracheostomy products. Asthma affects around 334 million people worldwide and it is the most prevalent chronic illness observed during childhood, impacting around 14% of children.
The lack of experienced professionals and the post-operative risks associated with laparoscopy operations are restricting the market growth. However, several market players are expected to introduce novel, advanced, as well as ergonomically designed upgraded products in the market over the forecast period, creating potential prospects for the market across the globe. North America dominated the global market, in terms of revenue share, in 2021 owing to the rapid development of innovative technologies and therapies for throat cancer and the presence of advanced healthcare infrastructure. However, Asia Pacific is expected to witness the fastest CAGR over the forecast period due to the rising incidence of COPD and other chronic respiratory illnesses.
Tracheostomy Products Market Report Highlights:
- The tracheostomy tubes type segment held the largest revenue share in 2021 as these systems are utilized in treatments for anaphylactic shock, coma, esophageal cancer, laryngectomy, and other disorders
- The percutaneous dilatational tracheostomy techniques segment dominated the market in 2021 as this technique has almost completely replaced surgical tracheostomy in the ICU and is more suitable for severely ill patients requiring prolonged hospital stays
- The adult patients demographics segment led the market in 2021 due to the high prevalence of chronic respiratory disorders among the adult population
- The hospitals & surgery centers end-use segment dominated the market in 2021. The larger capacity of hospitals to procure expensive equipment and the availability of qualified specialists to operate tracheostomy devices are the key factors contributing to the segment growth
- The home care settings end-use segment, on the other hand, is expected to register the fastest CAGR over the forecast period due to the rising number of patients requiring long-term care in home settings
Table of Contents
Chapter 1 Report Scope and Objectives
- 1.1 Market Segmentation & Scope
- 1.2 Regional Scope
- 1.2.1 Estimates And Forecast Timeline
- 1.3 Objectives
- 1.3.1 Objective - 1
- 1.3.2 Objective - 2
- 1.3.3 Objective - 3
Chapter 2 Methodology
- 2.1 Research Methodology
- 2.2 Information Procurement
- 2.2.1 Purchased Database
- 2.2.2 GVR'S Internal Database
- 2.2.3 Secondary Sources
- 2.2.4 Primary Research
- 2.3 Information or Data Analysis
- 2.3.1 Data Analysis Models
- 2.4 Model Details
- 2.4.1 Commodity Flow Analysis (MODEL 1)
- 2.4.2 Volume Price Analysis (MODEL 2)
- 2.5 List of Secondary Sources
Chapter 3 Executive Summary
- 3.1 Market Outlook
- 3.2 Segment Outlook
- 3.2.1 TYPE
- 3.2.2 Technique
- 3.2.3 Demographics
- 3.2.4 End-use
- 3.2.5 Region
- 3.3 Competitive Insights
- 3.4 Tracheostomy Products Market Outlook, 2021
Chapter 4 Market Variables, Trends & Scope
- 4.1 Market Lineage Outlook
- 4.1.1 Parent Market Outlook
- 4.2 Tracheostomy Products Market Dynamics
- 4.2.1 Market Driver Analysis
- 4.2.2 Market Restraint Analysis
- 4.3 Tracheostomy Products Market: Business Environment Analysis Tools
- 4.3.1 Porter's Five Forces Analysis
- 4.3.1.1 Threat of new entrants
- 4.3.1.2 Bargaining power of suppliers
- 4.3.1.3 Bargaining power of buyers
- 4.3.1.4 Competitive rivalry
- 4.3.1.5 Threat of substitutes
- 4.3.2 Pestel Analysis
- 4.3.2.1 Political & Legal
- 4.3.2.2 Economic & Social
- 4.3.2.3 Technological
- 4.4 Penetration & Growth Prospect Mapping
- 4.5 Impact of COVID-19 on Tracheostomy Products Market
Chapter 5 Tracheostomy Products Market: Type Analysis
- 5.1 Tracheostomy Products Type Market Share Analysis, 2021 & 2030
- 5.2 Tracheostomy Products Type Market: Segment Dashboard
- 5.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Type segment
- 5.3.1 Tracheostomy Tubes
- 5.3.1.1 Tracheostomy tubes market, 2017 - 2030 (USD Million)
- 5.3.2 Ventilation Accessories
- 5.3.2.1 Ventilation accessories market, 2017 - 2030 (USD Million)
- 5.3.3 Clean & Care Kits
- 5.3.3.1 Clean & care kits market, 2017 - 2030 (USD Million)
- 5.3.4 Others
- 5.3.4.1 Others market, 2017 - 2030 (USD Million)
Chapter 6 Tracheostomy Products Market: Technique Analysis
- 6.1 Tracheostomy Products Technique Market Share Analysis, 2021 & 2030
- 6.2 Tracheostomy Products Technique Market: Segment Dashboard
- 6.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Technique segment
- 6.3.1 Percutaneous Dilatational Tracheostomy
- 6.3.1.1 Percutaneous dilatational tracheostomy market, 2017 - 2030 (USD Million)
- 6.3.2 Surgical Tracheostomy
- 6.3.2.1 Surgical tracheostomy market, 2017 - 2030 (USD Million)
Chapter 7 Tracheostomy Products Market: Demographics Analysis
- 7.1 Tracheostomy Products Demographics Market Share Analysis, 2021 & 2030
- 7.2 Tracheostomy Products Demographics Market: Segment Dashboard
- 7.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Demographics segment
- 7.3.1 Adult Patients
- 7.3.1.1 Adult patients market, 2017 - 2030 (USD Million)
- 7.3.2 Pediatric/neonatal Patients
- 7.3.2.1 Pediatric/neonatal patients market, 2017 - 2030 (USD Million)
Chapter 8 Tracheostomy Products Market: End-use Analysis
- 8.1 Tracheostomy Products End-use Market Share Analysis, 2021 & 2030
- 8.2 Tracheostomy Products End-use Market: Segment Dashboard
- 8.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the End-use segment
- 8.3.1 Hospitals & Surgery Centers
- 8.3.1.1 Hospitals & surgery centers market, 2017 - 2030 (USD Million)
- 8.3.2 Ambulatory Care Centers
- 8.3.2.1 Ambulatory care centers market, 2017 - 2030 (USD Million)
- 8.3.3 Home Care Settings
- 8.3.3.1 Home care settings market, 2017 - 2030 (USD Million)
- 8.3.4 Others
- 8.3.4.1 Others market, 2017 - 2030 (USD Million)
Chapter 9 Tracheostomy Products Market: Regional Analysis
- 9.1 Tracheostomy Products Regional Market Share Analysis, 2021 & 2030
- 9.2 Regional Market Snapshot
- 9.3 North America
- 9.3.1 North America Tracheostomy Products Market, 2017 - 2030 (USD MILLION)
- 9.3.2 U.S.
- 9.3.2.1 U.S. tracheostomy products market, 2017 - 2030 (USD Million)
- 9.3.3 Canada
- 9.3.3.1 Canada tracheostomy products market, 2017 - 2030 (USD Million)
- 9.4 Europe
- 9.4.1 Europe Tracheostomy Products Market, 2017 - 2030 (USD MILLION)
- 9.4.2 U.K.
- 9.4.2.1 U.K. tracheostomy products market, 2017 - 2030 (USD Million)
- 9.4.3 Germany
- 9.4.3.1 Germany tracheostomy products market, 2017 - 2030 (USD Million)
- 9.4.4 France
- 9.4.4.1 France tracheostomy products market, 2017 - 2030 (USD Million)
- 9.4.5 Italy
- 9.4.5.1 Italy tracheostomy products market, 2017 - 2030 (USD Million)
- 9.4.6 Spain
- 9.4.6.1 Spain tracheostomy products market, 2017 - 2030 (USD Million)
- 9.5 Asia Pacific
- 9.5.1 Asia Pacific Tracheostomy Products Market, 2017 - 2030 (USD MILLION)
- 9.5.2 Japan
- 9.5.2.1 Japan tracheostomy products market, 2017 - 2030 (USD Million)
- 9.5.3 China
- 9.5.3.1 China tracheostomy products market, 2017 - 2030 (USD Million)
- 9.5.4 India
- 9.5.4.1 India tracheostomy products market, 2017 - 2030 (USD Million)
- 9.6 Latin America
- 9.6.1 Latin America Tracheostomy Products Market, 2017 - 2030 (USD MILLION)
- 9.6.2 Brazil
- 9.6.2.1 Brazil tracheostomy products market, 2017 - 2030 (USD Million)
- 9.6.3 Mexico
- 9.6.3.1 Mexico tracheostomy products market, 2017 - 2030 (USD Million)
- 9.7 Middle East and Africa (MEA)
- 9.7.1 Mea Tracheostomy Products Market, 2017 - 2030 (USD MILLION)
- 9.7.2 South Africa
- 9.7.2.1 South Africa tracheostomy products market, 2017 - 2030 (USD Million)
Chapter 10 Competitive Analysis
- 10.1 Recent Developments & Impact Analysis, By Key Market Participants
- 10.2 Company Profiles
- 10.2.1 Fahl Medizintechnik-vertrieb Gmbh (PUBLIC CO.)
- 10.2.1.1 Company overview
- 10.2.1.2 Product benchmarking
- 10.2.2 Angiplast
- 10.2.2.1 Company overview
- 10.2.2.2 Product benchmarking
- 10.2.3 Boston Mrdicalproducts Inc
- 10.2.3.1 Company overview
- 10.2.3.2 Product benchmarking
- 10.2.3.3 Strategic initiatives
- 10.2.4 Fisher & Paykel Healthcare Limited
- 10.2.4.1 Company overview
- 10.2.4.2 Financial performance
- 10.2.4.3 Product benchmarking
- 10.2.4.4 Strategic initiatives
- 10.2.5 Convatec Inc
- 10.2.5.1 Company overview
- 10.2.5.2 Financial performance
- 10.2.5.3 Product benchmarking
- 10.2.5.4 Strategic initiatives
- 10.2.6 Henan Tuoren Medical Device Co., Ltd.
- 10.2.6.1 Company overview
- 10.2.6.2 Product benchmarking
- 10.2.6.3 Strategic initiatives
- 10.2.7 Troge Medical Gmbh
- 10.2.7.1 Company overview
- 10.2.7.2 Product benchmarking
- 10.2.7.3 Strategic initiatives
- 10.2.8 Stermied
- 10.2.8.1 Company overview
- 10.2.8.2 Product benchmarking
- 10.2.8.3 Strategic initiatives
- 10.2.9 Pulmodynen Inc.
- 10.2.9.1 Company overview
- 10.2.9.2 Product benchmarking
- 10.2.9.3 Strategic initiatives
- 10.2.10 Cook Group
- 10.2.10.1 Company overview
- 10.2.10.2 Product benchmarking
- 10.2.10.3 Strategic initiatives
- 10.2.11 Bicakcilar A.s.
- 10.2.11.1 Company overview
- 10.2.11.2 Product benchmarking
- 10.2.11.3 Strategic initiatives