Global Tracheostomy Products Market By Type (Tracheostomy Tubes, Ventilation Accessories, and Other types), By Technique (Percutaneous Dilatational Tracheostomy, and Surgical Tracheostomy), By End-Use (Hospitals & Surgery Centers, Ambulatory Care Centers, and Other End-Use), and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

Tracheostomy Products Market Overview:

In 2021, the global tracheostomy products market value was USD 194.5 million. It is expected to increase at a CAGR of 4.1% over the forecast period 2023-2032.

This is due to an increase in chronic respiratory conditions like Cardiovascular Diseases, Diabetes, Cancer, and other diseases. The demand for accessories for tracheostomy is increasing due to the rising number of global surgeries. Chronic obstructive pulmonary disease (COPD) is one of the leading causes of death in the world.

Global Tracheostomy Products Market Scope:

Type Analysis

The market can be divided into ventilation accessories, clean and care kits, tracheostomy tubes, and other accessories based on their type. The market share for the tracheostomy tube segment was more than 45% in 2021. This is because these tubes are used extensively in tracheostomy procedures such as anaphylactic, chronic, esophageal, vocal cord paralysis, and laryngectomy. The advantages of tracheostomy tubes include precise precision, reduced risk of aspiration and emissions, elimination of intubations, laryngoscopies, and better ventilation.

These tubes offer accurate volume and end-tidal CO2 monitoring. Over the forecast period, the tracheostomy ventilation accessories market is expected to grow at the highest CAGR.

The accessories for tracheostomy ventilation include a respir mask, breathing circuit filter and connector, expiratory valve, sensor, ECH, and sensor. The increased popularity of portable mechanical ventilators is driving the demand for ventilation accessories. The segment is also growing because of the increase in hospitals and academic medical centers.

Technique Analysis

The global market was further divided into surgical tracheostomy (percutaneous dilatational) and surgical tracheostomy (based on techniques). The percutaneous dilatational segment of the market was the dominant one in terms of revenue share in 2021. It is expected to grow at a rapid 4.6% annual growth rate over the forecast period. Percutaneous dilatational Tracheostomy is safer and more effective than surgery. It is more likely to cause complications and takes less time.

Percutaneous dilatational Tracheostomy is also performed more often in patients who are severely ill. Percutaneous tracheostomy is most commonly performed in critically ill patients who are dependent on ventilators. In recent years, percutaneous dilatational tracheostomy has nearly completely replaced ICU surgical tracheostomy because it is more cost-effective. It can also be done at the patient’s side, eliminating the need for dangerous patient transfers to Operating Rooms (ORs).

End-Use Analysis

The market can be divided into hospitals & surgical centers, ambulatory centers, home care settings and other segments based on end-use. The hospitals & surgery center segment was the dominant market in 2021 and held the largest revenue share at more than 70%. Hospitals’ ability to afford expensive equipment and products was the key to their growth. Tracheostomy products are used in critical care settings, such as operating theatres and emergency care. The fastest expected growth rate for the home care setting segment is, however, which is forecast to be the largest over the forecast period.

Geriatric care includes home care. There are many reasons why long-term tracheostomy patients require care at home. Patients with upper airway blockage or deformity that requires enhanced management, patients who are undergoing prolonged invasive ventilator support, as well as patients with various conditions that compromise the integrity of the upper tracheostomy management, are all reasons for the increasing demand for accessories and tracheostomy products in-home care settings.

Кеу Маrkеt Ѕеgmеntѕ

By Type:

•  Tracheostomy Tubes
•  Ventilation Accessories
•  Clean & Care Kits
•  Other types

By Technique:

•  Percutaneous Dilatational Tracheostomy
•  Surgical Tracheostomy

By End-Use:

•  Hospitals & Surgery Centers
•  Ambulatory Care Centers
•  Home Care Settings
•  Other End-Use

Market Dynamics

A rise in COPD prevalence is due to the rising use of tobacco and poor air quality in middle-income countries. This has led to an increase in demand for tracheostomy services. The COVID-19 pandemic dramatically increased the number of patients who require respiratory assistance. Some of these patients need mechanical ventilation for a prolonged period of time.

However, others may require tracheostomy in order to wean them and make better use of hospital resources. However, tracheostomy is not a simple procedure due to the high risk of nosocomial transmission and the production of aerosols. Percutaneous tracheostomy, or PCT, is the standard of treatment in many ICUs. However, it presents a greater risk of producing aerosols than surgical tracheostomy.

The tracheostomy’s function is to assist with weaning COVID-19 patients. Market players will be able to profit from the growing healthcare spending and the economic growth of countries like the U.S., China, and India.

Tracheostomy products can be used for tracheostomy treatments such as obstructive and chronic sleep apnea, chronic lung illness, and anaphylaxis. Also, they can be used to treat throat cancer, comas, diaphragm malfunction, vocal cord paralysis, laryngectomy, laryngectomy, and coma. Favorable reimbursement policies, and expanding healthcare infrastructure, as well as a high number of respiratory diseases, are expected to drive the market.

Regional Analysis

North America was the dominant market in terms of revenue share in 2021. It accounted for the highest revenue share of 28.5% among the others. This is due to the rapid advancement of new therapies and technologies for throat cancer, as well as the presence of major players in the region and the developed healthcare infrastructure.

Market growth is supported by key factors such as a higher per capita healthcare expenditure and an increase in people with respiratory diseases. The North American regional market will grow if there are favorable government initiatives as well as an increase in research collaborations. The CDC reports that more than 9 million Americans were diagnosed with severe bronchitis last year.

The Asia Pacific is expected to be the rapidly growing regional market within the forecast period. High levels of pollution and densely populated countries in the Asia Pacific are the main reasons for the high growth. This can lead to an increase in the incidence of respiratory diseases. It is expected that the rapid growth of in-home treatment and care services will also boost product demand in the Asia Pacific. This should support the region’s market growth in the forecast period.

Key Regions and Countries covered in the rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share:

Technological advances are increasing the demand for home care for patients with critical illnesses. Market leaders are working to increase their distribution capabilities, especially in emerging markets.

Smith’s Medical, for instance, added a (PVC-based) tracheostomy tub portfolio to its tracheostomy tubes lineup in January 2020. Cook Medical also launched the blue rhino multi percutaneous tracheostomy introducer kit with trays in January 2021, both in the U.S.A and Canada.

Key Маrkеt Рlауеrѕ іnсludеd in the report:

•  Pulmodyne Inc.
•  Smiths Group plc
•  Medtronic
•  TRACOE Medical GmbH
•  Teleflex, Inc.
•  Cook Group
•  ConvaTec Group
•  Boston Medical
•  Other Key Players

For the Global Tracheostomy Products Market research study, the following years have been considered to estimate the market size: