Tracheostomy Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Tracheostomy Products market is segmented by Product Type (Tracheostomy Tubes, Tracheostomy Ventilation Accessories, Tracheostomy Cleaning Kits, and Other Accessories), Material, End User, and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.2 %

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Market Overview

The tracheostomy products market is projected to register a CAGR of 6.2% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of respiratory diseases, such as asthma, exercise-induced bronchospasm, allergic rhinitis, primary dysmenorrhea, and urticaria. 

  • According to the World Health Organization, around 235 million people have been living with asthma. Over 80% of asthma-related deaths occur in low-and middle-income countries. 
  • As the number of patients has been increasing, the market is growing. Furthermore, the rising patient demand for home care services and favorable reimbursement scenario is boosting the market growth.
  •  However, the high cost of the tracheostomy procedures restrains the market growth.

Scope of the Report

Tracheostomy is the process where an opening is made in the neck and windpipe to allow unrestricted breathing. There is a wide variety of tracheostomy products available that vary in certain features for different purposes. Tracheostomy is considered as one of the most frequently carried out surgical procedure in ICUs. This market studied is segmented by product type, material, end user, and geography.

By Product Type
Tracheostomy Tubes
Tracheostomy Ventilation Accessories
Tracheostomy Cleaning Kits
Other Product Types
By Material
Polyvinyl Chloride and Polyurethane
Silicone
Other Materials
By End User
Hospitals and Surgical Centers
Ambulatory Care Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Tracheostomy Tubes Segment is Expected to Record the Highest CAGR During the Forecast Period

The commonly used tracheostomy tube is made up of three parts, namely inner cannula, an outer cannula with flange, and an obturator. Tracheostomy tubes are utilized in the tracheostomy procedures, which are performed in the case of indications, such as anaphylaxis, throat cancer, chronic lung disease, coma, diaphragm dysfunction, laryngectomy, obstructive sleep apnea, and vocal cord paralysis. The high growth of the tracheostomy tubes segment can be attributed to the significant benefits offered, such as high accurateness, reduced air pollution, risk of aspiration, avoids multiple laryngoscopies and intubations, improved ventilation and accurate tidal volume, and end-tidal carbon dioxide monitoring.

Chronic Resp

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors, such as the presence of key players, high prevalence of respiratory diseases in the region, established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase market growth. In this region, the United States has the maximum share due to its supportive healthcare policies, the high number of patients, and a developed healthcare market. According to the Centers for Disease Control and Prevention, 9 million adults had been diagnosed with chronic bronchitis in 2017, in the United States only. As per the statistics, the increasing patient pool and increasing disposable revenue in this country have been boosting the market growth of the region.

Tracheostomy Products Market - Growth Rate by Region

Competitive Landscape

The tracheostomy products market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Medtronic PLC, Smiths Group PLC, Teleflex Incorporated, Boston Medical Products Inc., TRACOE medical GmbH, Cook Group, Fuji Systems Corporation, Fisher & Paykel Healthcare Ltd, Troge Medical GmbH, and Pulmodyne.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence Of Respiratory And Other Chronic Disorders

      2. 4.2.2 Technological Advancements and Favorable Reimbursement Scenario

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Tracheostomy Procedures

      2. 4.3.2 Risk of Infection of during Procedures

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Tracheostomy Tubes

      2. 5.1.2 Tracheostomy Ventilation Accessories

      3. 5.1.3 Tracheostomy Cleaning Kits

      4. 5.1.4 Other Product Types

    2. 5.2 By Material

      1. 5.2.1 Polyvinyl Chloride and Polyurethane

      2. 5.2.2 Silicone

      3. 5.2.3 Other Materials

    3. 5.3 By End User

      1. 5.3.1 Hospitals and Surgical Centers

      2. 5.3.2 Ambulatory Care Centers

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Smiths Group PLC

      3. 6.1.3 Teleflex Incorporated

      4. 6.1.4 Boston Medical Products Inc.

      5. 6.1.5 TRACOE medical GmbH

      6. 6.1.6 Cook Group

      7. 6.1.7 Fuji Systems Corporation

      8. 6.1.8 Fisher & Paykel Healthcare Ltd

      9. 6.1.9 Troge Medical GmbH

      10. 6.1.10 Pulmodyne

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Tracheostomy Products Market market is studied from 2018 - 2026.

The Tracheostomy Products Market is growing at a CAGR of 6.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic Plc, Smiths Group PLC, Teleflex Incorporated, Boston Medical Products Inc., TRACOE medical GmbH are the major companies operating in Tracheostomy Products Market.

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