Global Tracheostomy Products Market, By Product (Tracheostomy Tubes, Cannula, Tracheostomy Clean & Care Kits, Tracheostomy Catheter, Tracheostomy Dressing, Tracheostomy Ventilation Accessories, and Others), Type (Closed System and Open System), Technique (Percutaneous Dilatational Tracheostomy, Surgical Tracheostomy, and Translaryngeal/ Fantoni Tracheostomy), Material (Silicone, Polymer, and Others), Age Group (Geriatric, Adult, and Pediatric), Usability (Disposable and Reusable), End User (Hospitals, Clinics), Ambulatory Surgical Centers (ASCs), Trauma Centers, Home Healthcare, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others) - Industry Trends and Forecast to 2031.
Tracheostomy Products Market Analysis and Insights
Incidence of laryngeal or throat cancer and sedentary living are the driving factors for the market growth. Increased demand for home care and access to treatment services also drives market growth. However, lack of knowledge of such modern treatment technologies and high cost of surgical procedures through tracheostomy are hindering the market growth. Conversely, growing use of tracheostomy products is expected to provide lucrative opportunities for the market growth. Moreover, the surging development of new and advanced products, rise in the demand for tracheostomy products in home-care services, and conglomerations among the key vendors are expected as significant opportunities for the same market to grow. High cost of tracheostomy surgical interventions is expected to act as a restrain or challenges the market growth.
The global tracheostomy products market is expected to reach USD 1,120,868.52 thousand by 2031 from USD 722,755.00 thousand in 2023, growing with a CAGR of 5.8% in the forecast period of 2024 to 2031.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Product (Tracheostomy Tubes, Cannula, Tracheostomy Clean & Care Kits, Tracheostomy Catheter, Tracheostomy Dressing, Tracheostomy Ventilation Accessories, and Others), Type (Closed System and Open System), Technique (Percutaneous Dilatational Tracheostomy, Surgical Tracheostomy, and Translaryngeal/ Fantoni Tracheostomy), Material (Silicone, Polymer, and Others), Age Group (Geriatric, Adult, and Pediatric), Usability (Disposable and Reusable), End User (Hospitals, Clinics), Ambulatory Surgical Centers (ASCs), Trauma Centers, Home Healthcare, and Others), Distribution Channel (Direct Tender, Retail Sales, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, and Rest of Middle East and Africa
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Market Players Covered
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Smiths Medical (A subsidiary of ICU Medical), Teleflex Incorporated, Cook, Convatec Group PLC, Andreas Fahl Medizintechnik – Vertrieb GmbH, Bicakcilar Medical, and Boston Medical Products Inc., among others
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Market Definition
Tracheostomy is a surgical intervention performed to treat respiratory disorders. In tracheostomy procedure, a stoma (surgical opening) is created through neck into the trachea or the windpipe. It is performed to provide oxygen to the lungs when a person is unable to breathe due to injury/accident, weak lung muscles, when the throat is blocked due to a tumor growth or swelling. Tracheostomy products are medical devices and accessories used in the tracheostomy process.
Global Tracheostomy Products Market Dynamics
This section deals with understanding the market drivers, advantages, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing Prevalence of Respiratory Disorders
Conditions such as Chronic Obstructive Pulmonary Disease (COPD), asthma, bronchitis, and cystic fibrosis are becoming increasingly prevalent globally. These diseases often lead to respiratory failure, necessitating the use of tracheostomy procedures and products to aid breathing. The incidence of respiratory disorders tends to increase as the global population ages. Elderly individuals are more prone to conditions such as pneumonia and other respiratory infections, as well as age-related lung diseases. This demographic trend is expected to contribute significantly to the demand for tracheostomy products.
- Growing Healthcare Expenditure
A broad number of social and economic factors including the financial mechanisms and the organizational structure of the health system influence the level of funds spent on health by a nation and its growth rate over the years. In particular, the average income level of a nation is closely linked to how much the population spends on healthcare in that nation. Healthcare expenditure has increased across the globe as the disposable income of people is increasing.
High expenditure by hospitals on tracheostomy products to meet the rising demand for tracheostomy procedures in cases of throat cancer, neck injuries, chronic respiratory diseases, and lung diseases will further fuel the demand for tracheostomy products in the market.
Opportunity
- Growing Demand for Homecare Services
Tracheostomy care is important because inadequate or lack of care, among other complications, may lead to infections and trouble swallowing, speaking, and breathing. Tracheostomy care mainly involves suction to prevent occlusions and replacement of supplies along with the removal of secretions.
Suction is undertaken only when reasonably required because of the risks involved, such as hypoxia or lung failure and infection. Thus, in cases of the geriatric population or patients with long-term tracheostomy tubes, the tracheostomy homecare services can play an important role. Thus, the rise in demand for homecare services acts as an opportunity for the growth of tracheostomy products in the market.
Challenges/Restraints
- Increasing Product Recall Scenario
Different tracheostomy devices are withdrawn from the market by the FDA for several reasons, such as fabrication defects or patient protection. Following are some tracheostomy products that were recalled by the FDA. These product recalls hamper the growth of the market. A single product recall in a company may drop a share price which is a serious challenge to recuperate. Therefore, products recalled from the market are a major restraint for market growth.
- Health Complications Associated with Tracheostomy
Tracheostomy can increase the risk of infection, including pneumonia, cellulitis, and infections at the site of the stoma (opening in the neck). These infections can lead to prolonged hospital stays, increased healthcare costs, and decreased patient satisfaction. As a result, healthcare providers may seek alternative treatment options or strategies to minimize infection risk, potentially impacting the demand for tracheostomy products. Improper care or maintenance of the tracheostomy site can lead to tissue damage, granulation tissue formation, and stoma complications such as stenosis (narrowing of the trachea). These issues may require additional interventions, surgeries, or specialized products for management, influencing the demand for specific tracheostomy accessories or devices designed to prevent or address these complications.
Recent Developments
- In October 2021, Medis Medical (UK) Ltd launched a product Laryngeal mask at the American Association for Respiratory Care. This product exhibition done by the company has increased its credibility and demand in the market
- In January 2020, Cook announced a collaboration with Bentley in the field of clinical trials involving Cook’s fenestrated and branch stent grafts and Bentley’s covered stents. This collaboration helped the company to increase its product portfolio leading to increased demand for its product in the market
Global Tracheostomy Products Market Scope
Global tracheostomy products market is categorized into eight notable segments which are based on product, type, technique, material, age group, Usability, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product
- Tracheostomy Tubes
- Cannula
- Tracheostomy Clean & Care Kits
- Tracheostomy Catheter
- Tracheostomy Dressing
- Tracheostomy Ventilation Accessories
- Others
On the basis of product, the market is segmented into tracheostomy tubes, cannula, tracheostomy clean & care kits, tracheostomy catheter, tracheostomy dressing, tracheostomy ventilation accessories, and others.
Type
- Closed System
- Open System
On the basis of type, the market is segmented into closed system and open system.
Technique
- Percutaneous Dilatational Tracheostomy
- Surgical Tracheostomy
- Translaryngeal/fantoni Tracheostomy
On the basis of technique, the market is segmented into percutaneous dilatational tracheostomy, surgical tracheostomy, and translaryngeal/fantoni tracheostomy.
Material
- Silicone
- Polymer
- Others
On the basis of material, the market is segmented into silicone, polymer, and others.
Age Group
- Geriatric
- Adult
- Pediatric
On the basis of age group, the market is segmented into pediatric, adult and geriatric.
Usability
- Disposable
- Reusable
On the basis of usability, the market is segmented into disposable and reusable.
End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers (ASCs)
- Trauma Centers
- Home Healthcare
- Others
On the basis of end user, the market is segmented into hospitals, clinics, Ambulatory Surgical Centers (ASCs), trauma centers, home healthcare, and others.
Distribution Channel
- Direct Tender
- Retail Sales
- Others
On the basis of distribution channel, the market is segmented into direct tender retail sales, and others.
Global Tracheostomy Products Market Regional Analysis/Insights
Global tracheostomy products market is categorized into eight notable segments which are based on product, type, technique, material, age group, Usability, end user, and distribution channel.
The countries covered in this market report are U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Turkey, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, and rest of Middle East and Africa.
North America region is expected to dominate the market due to the rise in infectious diseases, and the increase in government funding for tracheostomy products, and increased demand for in-vitro diagnostics across the country. The U.S. is expected to dominate in the North America region due to robust initiatives taken by manufacturers. China is expected to dominate in the Asia-Pacific region due to its vast landmass, early adoption of technology, and a mature market fostering competition and innovation. Germany is expected to dominate in the Europe region due to its advanced technology adoption, robust infrastructure, and mature market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenari, etco for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Tracheostomy Products Market Share Analysis
Global Tracheostomy products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breath, application dominance, product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major players operating in the global tracheostomy products market are Smiths Medical (A subsidiary of ICU Medical), Teleflex Incorporated, Cook, Convatec Group PLC, Andreas Fahl Medizintechnik – Vertrieb GmbH, Bicakcilar Medical, and Boston Medical Products Inc. among others.
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