Tracheostomy Products Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

Report Code: HCR 81241 Report Format: PDF + Excel (Delivery in 48 Hrs)

Tracheostomy Products Market Overview

Tracheostomy Products size is forecast to reach $287.3 million by 2026, growing at a CAGR of 4.6% during the forecast period 2021-2026. Tracheostomy is used to treat breathing related diseases via the neck into the trachea and is carried out to provide oxygen to the lungs when a person is unable to breather owing to an accident or injury. Tracheostomy products including ciaglia blue rhino are used for tracheostomy procedures. A tracheostomy tube consists of outer cannula, inner cannula, and an obturator. It is considered as one of the most frequently carried out procedures in ICUs. Rising healthcare infrastructure and increasing prevalence of respiratory disorders are the major factors driving the growth of the market. Favourable reimbursement policy along with the increasing government funding regarding the awareness among the population is set to further enhance the overall market development of the Tracheostomy Products Market for the period 2021-2026.

Report Coverage

The report: “Tracheostomy Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Tracheostomy Products Market.
By Product Type: Tracheostomy Tube, Tracheostomy Clean & Care Kits, Cannula, and Others
By Type: Closed System, and Open System
By Material: Silicone, Polyvinyl Chloride, and Others
By End User: Hospitals, Clinics, and Ambulatory Surgery Centers, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of APAC), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East, and Africa))

Key Takeaways

  • North America dominated the Tracheostomy Products Market in 2020 owing to rising cases of respiratory diseases and rising healthcare infrastructure. The Tracheostomy Products Market scope for different regions will be provided in the final report.
  • Increasing incidences of laryngeal cancer and rise in demand for homecare services are likely to aid the market growth of the Tracheostomy Products Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Tracheostomy Products Market report.
  • Lack of awareness among people regarding the availability of such novel treatment devices and high cost of tracheostomy surgical interventions is poised to create hurdles for the Tracheostomy Products Market.

Tracheostomy Products Market Revenue Share, By Geography, 2020(%)

 Tracheostomy Products Market

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Tracheostomy Products Market Segment Analysis – By Product Type

Tracheostomy Tube held the largest share in the Tracheostomy Products Market in 2020 and is estimated to grow at a CAGR 4.1% during the forecast period 2021-2026. Tracheostomy tube is inserted into a tracheostomy stoma in the neck and trachea. It consists of outer cannula, inner cannula, and an obturator that holds the tracheostomy open. It has holes to attach cloth ties around the neck and inner cannula fits inside the outer cannula as it has a lock to keep it from being coughed out. It guides the tracheostomy tube when it's being inserted by providing it a smooth surface. The demand for tracheostomy tube is rising owing to the high prevalence of respiratory disorders. Cannula are estimated to register the highest CAGR over the period 2021-2026.

Tracheostomy Products Market Segment Analysis – By End User

Hospitals held the largest share in the Tracheostomy Products Market in 2020 and is estimated to grow at a CAGR of 4.8% during the forecast period 2021-2026. Tracheostomy involves opening into the trachea in the front of the neck and doctor inserts a tube into the opening to create a temporary or permanent surgical airway. Doctors need to connect the tracheostomy tube to a ventilator or breathing machine, in case patients are unable to breathe on their own through the tube. Tracheostomy products are necessary for people who have damage in the windpipe owing to blockages or radiation, massive heart attack, severe stroke, and pneumonia among others. Hospitals are estimated to register the highest CAGR over the period 2021-2026.

Tracheostomy Products Market Segment Analysis – By Geography

North America dominated the Tracheostomy Market with a major share of 34.9% in 2020. This is attributed to the increasing prevalence of respiratory diseases and established healthcare infrastructure. Increasing government initiatives and increase in the research partnerships along with the presence of key players is increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising favorable scenario associated with medical reimbursement and surging demand for home care services.

Tracheostomy Products Market Drivers

High Prevalence of Respiratory Disorders

High prevalence of respiratory disorders is increasing the growth of the Tracheostomy Products Market. This is attributed to the fact that tracheostomy offers sustainable respiratory aid amongst the patients. It gains adoption among the patients who are poised to undergo extended mechanical ventilation. According to WHO, around 3.17 million people die owing to chronic obstructive pulmonary diseases and amounts to around 5% of the total global deaths. The higher the rate of pollution and use of tobacco, there will be the risk of respiration diseases occurrences. Tracheostomy procedure is mainly performed among pediatric patients who are prolonged of ventilations. Thus, increasing the growth of the market during the forecast period 2021-2026.

Favorable Reimbursement Policies

Favorable reimbursement policies is increasing the growth of the Tracheostomy Market. This is attributed to the new developments in surgical reimbursement rates, and broad range of services that take place during and after the tracheostomy procedures. The periodic protocol alterations tangibly affect tracheostomy products. The favorable reimbursement policies facilitate the seamless adoption of tracheostomy among patients. Thus, increasing the growth of the market during the forecast period 2021-2026.

Tracheostomy Products Market Challenges

Lack of Awareness Among People Regarding the Availability of Such Novel Treatment Devices and High Cost of Tracheostomy Surgical Interventions

Some of the factors that are set to impede the growth of the Tracheostomy Products Market are lack of awareness among people regarding the availability of such novel treatment devices and high cost of tracheostomy surgical interventions. However, lack of knowledge of such modern treatment technologies and several health complications are set to hinder the growth of the Tracheostomy Products Market during the forecast period.

Tracheostomy Products Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Tracheostomy Products Market. In 2020, the Tracheostomy Products Market share is consolidated by the top ten players present in the market. Tracheostomy Products Market, top 10 companies are Smiths Group Plc., Teleflex Incorporated, Cook Medical Inc., Xinxiang Tuoren Medical Devices Co., Fisher & Paykel, and Fuji Systems Corporation among others.

Relevant Titles

Report Code: HCR 0369

Report Code: HCR 0826

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1. Tracheostomy Products Market- Overview
    1.1 Definitions and Scope
2. Tracheostomy Products Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by  Type
    2.4 Key trends by Material
    2.5 Key trends by End User
    2.6 Key trends by Geography
3. Tracheostomy Products Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Tracheostomy Products Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Tracheostomy Products Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Tracheostomy Products MarketForces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Tracheostomy Products Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Tracheostomy Products Market– By Product Type (Market Size –$Million/$Billion)
    8.1 Tracheostomy Tube
    8.2 Tracheostomy Clean & Care Kits
    8.3 Cannula
    8.4 Others
9. Tracheostomy Products Market– By Type (Market Size –$Million/$Billion)
    9.1 Closed System
    9.2 Open System
10. Tracheostomy Products Market– By Material (Market Size –$Million/$Billion)
    10.1 Silicone
    10.2 Polyvinyl Chloride
    10.3 Others
11. Tracheostomy Products Market– By End User (Market Size –$Million/$Billion)
    11.1 Hospital
    11.2 Clinics
    11.3 Ambulatory Surgery Centers
    11.4 Others
12. Tracheostomy Products Market- By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2  Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Tracheostomy Products Market- Entropy
14. Tracheostomy Products Market– Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Tracheostomy Products Market– Key Company List by Country Premium Premium
16. Tracheostomy Products Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
1.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Global Industry Research
1.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Global Industry Research
1.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Global Industry Research
1.4 CANNULA Market 2019-2024 ($M) - Global Industry Research
2.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
2.1 HOSPITALS Market 2019-2024 ($M) - Global Industry Research
2.2 SILICONE Market 2019-2024 ($M) - Global Industry Research
2.3 POLYMER Market 2019-2024 ($M) - Global Industry Research
3.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
3.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Global Industry Research
3.2 HOMECARE Market 2019-2024 ($M) - Global Industry Research
4.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 (Volume/Units)
4.1 TRACHEOSTOMY TUBES Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 CANNULA Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 (Volume/Units)
5.1 HOSPITALS Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 SILICONE Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 POLYMER Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 (Volume/Units)
6.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 HOMECARE Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
7.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Regional Industry Research
7.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Regional Industry Research
7.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Regional Industry Research
7.4 CANNULA Market 2019-2024 ($M) - Regional Industry Research
8.North America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
8.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
8.2 SILICONE Market 2019-2024 ($M) - Regional Industry Research
8.3 POLYMER Market 2019-2024 ($M) - Regional Industry Research
9.North America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
9.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
9.2 HOMECARE Market 2019-2024 ($M) - Regional Industry Research
10.South America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
10.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Regional Industry Research
10.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Regional Industry Research
10.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Regional Industry Research
10.4 CANNULA Market 2019-2024 ($M) - Regional Industry Research
11.South America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
11.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
11.2 SILICONE Market 2019-2024 ($M) - Regional Industry Research
11.3 POLYMER Market 2019-2024 ($M) - Regional Industry Research
12.South America GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
12.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
12.2 HOMECARE Market 2019-2024 ($M) - Regional Industry Research
13.Europe GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
13.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Regional Industry Research
13.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Regional Industry Research
13.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Regional Industry Research
13.4 CANNULA Market 2019-2024 ($M) - Regional Industry Research
14.Europe GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
14.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
14.2 SILICONE Market 2019-2024 ($M) - Regional Industry Research
14.3 POLYMER Market 2019-2024 ($M) - Regional Industry Research
15.Europe GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
15.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
15.2 HOMECARE Market 2019-2024 ($M) - Regional Industry Research
16.APAC GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
16.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Regional Industry Research
16.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Regional Industry Research
16.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Regional Industry Research
16.4 CANNULA Market 2019-2024 ($M) - Regional Industry Research
17.APAC GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
17.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
17.2 SILICONE Market 2019-2024 ($M) - Regional Industry Research
17.3 POLYMER Market 2019-2024 ($M) - Regional Industry Research
18.APAC GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
18.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
18.2 HOMECARE Market 2019-2024 ($M) - Regional Industry Research
19.MENA GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY PRODUCT Market 2019-2024 ($M)
19.1 TRACHEOSTOMY TUBES Market 2019-2024 ($M) - Regional Industry Research
19.2 TRACHEOSTOMY VENTILATION ACCESSORIES Market 2019-2024 ($M) - Regional Industry Research
19.3 TRACHEOSTOMY CLEAN CARE KITS Market 2019-2024 ($M) - Regional Industry Research
19.4 CANNULA Market 2019-2024 ($M) - Regional Industry Research
20.MENA GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY MATERIALS Market 2019-2024 ($M)
20.1 HOSPITALS Market 2019-2024 ($M) - Regional Industry Research
20.2 SILICONE Market 2019-2024 ($M) - Regional Industry Research
20.3 POLYMER Market 2019-2024 ($M) - Regional Industry Research
21.MENA GLOBAL TRACHEOSTOMY PRODUCTS MARKET, BY END USER Market 2019-2024 ($M)
21.1 AMBULATORY SURGICAL CENTERS Market 2019-2024 ($M) - Regional Industry Research
21.2 HOMECARE Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Tracheostomy Products Market Revenue, 2019-2024 ($M)
2.Canada Tracheostomy Products Market Revenue, 2019-2024 ($M)
3.Mexico Tracheostomy Products Market Revenue, 2019-2024 ($M)
4.Brazil Tracheostomy Products Market Revenue, 2019-2024 ($M)
5.Argentina Tracheostomy Products Market Revenue, 2019-2024 ($M)
6.Peru Tracheostomy Products Market Revenue, 2019-2024 ($M)
7.Colombia Tracheostomy Products Market Revenue, 2019-2024 ($M)
8.Chile Tracheostomy Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Tracheostomy Products Market Revenue, 2019-2024 ($M)
10.UK Tracheostomy Products Market Revenue, 2019-2024 ($M)
11.Germany Tracheostomy Products Market Revenue, 2019-2024 ($M)
12.France Tracheostomy Products Market Revenue, 2019-2024 ($M)
13.Italy Tracheostomy Products Market Revenue, 2019-2024 ($M)
14.Spain Tracheostomy Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Tracheostomy Products Market Revenue, 2019-2024 ($M)
16.China Tracheostomy Products Market Revenue, 2019-2024 ($M)
17.India Tracheostomy Products Market Revenue, 2019-2024 ($M)
18.Japan Tracheostomy Products Market Revenue, 2019-2024 ($M)
19.South Korea Tracheostomy Products Market Revenue, 2019-2024 ($M)
20.South Africa Tracheostomy Products Market Revenue, 2019-2024 ($M)
21.North America Tracheostomy Products By Application
22.South America Tracheostomy Products By Application
23.Europe Tracheostomy Products By Application
24.APAC Tracheostomy Products By Application
25.MENA Tracheostomy Products By Application
26.MEDTRONIC PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SMITHS GROUP PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.TELEFLEX INCORPORATED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.COOK MEDICAL INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.FISHER PAYKEL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.FUJI SYSTEMS CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.STENING SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.BIAKCILAR AS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.TROGE MEDICAL GMBH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.XINXIANG TUOREN MEDICAL DEVICES CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)