Global Tracheostomy Products Market By Type (Tracheostomy Tubes, Tracheostomy Ventilation Accessories, and Tracheostomy Clean& Care Kits), By Techniques (Surgical and Percutaneous Dilatational), By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Tracheostomy Products Market size is expected to be worth around USD 306 Million by 2032 from USD 207 Million in 2022, growing at a CAGR of 4.10% during the forecast period from 2023 to 2032.

A tracheostomy is a surgical technique in which your physician creates a hole through your neck and into your trachea. This treatment is used in patients with difficulty breathing due to airway obstruction and unconsciousness, among other things. The tracheostomy tube is a tiny tube put into tracheostomy to maintain the opening free of debris. The market has been boosted by improving favorable scenarios linked with medical insurance coverage.

Moreover, the tracheostomy product market is anticipated to be aided by the increased need for tracheostomy products. However, Tracheostomy products are most often used when treating patients with tongue cancer, thyroid cancer, head and neck cancer, and oral cancer. Neck injuries, neck cancer, chronic lung disease, vocal cord paralysis, long-term ventilator support, anaphylaxis, throat cancer, lung cancer, allergic rhinitis, primary dysmenorrhea, chronic obstructive pulmonary syndrome, and others.

*Actual Numbers Might Vary In The Final Report

Key Takeaways

• Market Growth: The market for tracheostomy products was expanding steadily due to increasing incidences of chronic respiratory conditions like chronic obstructive pulmonary disease (COPD) and obstructive sleep apnea (OSA).
• Aging Population: Aging populations were key drivers in driving this market forward as elderly individuals are prone to respiratory conditions that necessitate tracheostomy procedures or related products.
• Technological Advancements: Technological developments were making significant strides forward, improving patient comfort and safety through disposable tracheostomy tubes, better cuff designs and securement solutions, disposable tubes for daily use as well as better securing systems.
• Home Healthcare: Tracheostomy patients were increasingly being provided care in home healthcare settings and there was an increasing demand for products designed specifically to be used outside hospitals.
• Patient Comfort and Safety: Product innovations were designed to increase patient comfort by decreasing risks of infections while simplifying usage, such as creating materials to minimize complications associated with tracheostomies.

Driving Factors

The Increase in Requirement for Tracheostomy Products Owed to Critically Rising Amount of Surgeries Further Accelerates the Markets Growth Rate

An increasing amount of chronic respiratory disorders and a steadily rising patient base are owing to a rise in tobacco smokers across the world. And less air quality in the industrial requirement for tracheostomy products and increasing growth opportunities in the market. In addition, an intensive focus on initiatives from public and private organizations for emerging mechanical ventilation is anticipated to create more growth opportunities for the market during the forecast period.

The factors driving the growth of the global tracheostomy products market are an increase in the incidence of laryngeal or throat cancer increase in the requirement for homecare services, and the availability of treatment options fuel market growth.

The rising incidence of respiratory and chronic disorders, technological advancements, and favorable reimbursement scenarios are the major factors driving the market growth. The development of the tracheostomy products industry is driven mainly due to medical reimbursement and insurance coverage. It is anticipated that increasing respiratory disease incidences will be rising the demand for tracheostomy products, which fuel market expansion. Numerous primary sources from the supply and demand sides of the market were observed to obtain qualitative and quantitative growth of the market.

Restraining Factors

High Costs Related to Tracheostomy Products Restraints the Market Growth

High prices related to tracheostomy products considerably impede the global tracheostomy market growth. In addition, critical reimbursement policies are also restraining the development of the tracheostomy markets. As a result, constantly altering regulatory rules and processes will determine the market’s growth rate during the forecast period.

Moreover, the high cost of tracheostomy processes and the risk of infection throughout procedures are likely to restrain market growth during the forecast period.

Growth Opportunities

Increase Number of Patients will further Provide Potential Growth Opportunities

Growth in the incidence rate of chronic respiratory diseases like cancer, diabetes, cardiovascular diseases, and other respiratory disease. In addition, the rising requirement for tracheostomy products to support the increasing amount of surgeries performed across the globe keeps growing. In addition, an increase in the number of patients will further provide potential growth opportunities for the growth of the tracheostomy products market in the upcoming years.

Increasing focus on the development of advanced tracheostomy products, supportive government policies, and technological advancements are factors anticipated to be lucrative opportunities for significant players and novel entrants in the market.

Trending Factors

The Increase Demand for Homecare Services is Key Trends in the Global Market

The increasing demand for home care services is one of the main tracheostomy market trends. It will also boost market growth during the forecast period. Humans with irreversible airway obstruction owing to chronic, autoimmune diseases are more prone to undertake long-life tracheostomy intubation.

Type Analysis

Tracheostomy Tubes Segment to Witness Significant Growth

Based on type, the global tracheostomy products market is divided into tracheostomy tubes, additional sub-segmented into the single lumen, double lumen, uncuffed, cuffed, fenestrated, and adjustable flange. Tracheostomy ventilation equipment, tracheostomy clean & care kits. The tracheostomy tubes segment accounted for the largest market share at 45%. During the forecast period, these tubes are widely used in tracheostomy processes for chronic respiratory illness, esophageal cancer, anaphylactic, sleep apnea, diaphragm malfunction, vocal cord paralysis, and others.

Tracheostomy tubes offer significant benefits and aspiration, improved ventilation, and elimination of incubations. The increase in demand for tracheostomy tubes owing to the continually rising amount of surgeries further accelerates the market growth. These tubes also provide end-tidal carbon dioxide observing as well by means of correct tidal volume. The tracheostomy ventilation equipment includes a breathing circuit, respiratory mask, ECH, and sensor and test lungs.

The increasing requirement for ventilation accessories is boosted the enlarged sales of convenient mechanical ventilators. Additionally, a growing amount of hospitals and medical institutes are donating to the requirement for ventilation segment growth.

By Technique Analysis

Percutaneous Dilatational Segment Dominates the Market

Based on technique, the global tracheostomy products market is divided into surgical and percutaneous dilatational, additional sub–segmented into agile, ciagilia blue rhino, scanner/capita, Griggs, trans laryngeal/Fantoni, and perch twist. The percutaneous dilatational segment dominates the market growth during the forecast period. Tracheostomy techniques are considered more effective and safer than surgical methods. It is less susceptible to emerging problems and can be done in less time.

In addition, percutaneous dilatational tracheostomy is executed more commonly in various ill patients. The most common aim for percutaneous tracheostomy in analytically ill patients is a completed ventilator-dependent hospital stay. The percutaneous tracheostomy method has basically totally replaced surgical tracheostomy in the ICU in the present years.

By End-User Analysis

Hospitals and Surgery Centers Segment Centers Dominated the Market Growth

Based on End-User, the global tracheostomy products market is divided into hospitals & surgery centers, homecare, and ambulatory surgical centers. The Hospital Pharmacy & Surgery Centers segment dominates the market revenue share of 70% due to the ability of hospitals to acquire expensive equipment, finances, and products. Moreover, tracheostomy products are generally employed in operative theatres, critical care settings, and emergency care.

On the other hand, the home care segment is projected to register a fast growth rate during the forecast period due to rising patient demand. Home care is an important characteristic of geriatric care. There are numerous primary medical issues that are important to the increasing amount of long-term tracheostomy patients demand in home care settings. Patients having blockages requiring enhanced airway management and patients undergoing prolonged invasive ventilator support are responsible for the rising requirement for tracheostomy products and accessories in-home care.

Key Market Segments

By Type

• Tracheostomy Tubes
• Single Lumen
• Double Lumen
• Uncuffed
• Cuffed
• Fenestrated
• Adjustable Flange
• Tracheostomy Ventilation Accessories
• Tracheostomy Clean & Care Kits

By Technique

• Surgical
• Percutaneous Dilatational
• Ciaglia
• Ciaglia Blue Rhino
• Schachner/ Rapitrac
• Grigg’s
• Translaryngeal / Fantoni
• Percu Twist

By End-User

• Hospitals & Surgery Centers
• Homecare
• Ambulatory Surgical Centers

Regional Analysis

North America Region Dominated Major Revenue Share of the Global Tracheostomy Products Market

North America accounted for a significant tracheostomy products market revenue share of 43% due to highly developing healthcare systems, rapid development, a rising amount of emergency departments, innovative technology, and vast accessibility of advanced tracheostomy devices. North America dominated the market region due to the presence of prominent key players in the region in the research & development activities in the tracheostomy. High approval of innovative tracheostomy equipment among medical specialists. Asia-Pacific region to be the fastest growing market for tracheostomy devices throughout the forecast period. Owing to an increase in the occurrence rate of respiratory diseases and a surge in population.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America

• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The global tracheostomy market is fragmented, with the presence of a wide amount of players. Most of the companies are participating considerably in research and development, mainly to develop inventive portfolio products. Expansion of product portfolio is a leading strategy by the key players in the market. A high concentration of some of the prominent key market players in the market include Cook Group Inc., Smiths Group plc, Medtronic plc, TRACOE Medical GmbH, and others. Moreover, the advancements in technology and rising product approval, along with collaborations by major players, are helping in the growth of the market.

Key Market Players

The following are some of the major players in the Global Tracheostomy Products Market industry

• Cook Group Inc.
• ConvaTech Group plc
• TRACOE Medical GmbH
• Teleflex, Inc.
• Smith’s Group plc
• Boston Medical Center
• Fisher & Paykel Healthcare Limited
• Angiplast Pvt. Ltd.
• Medtronic plc
• Troge Medical GmbH
• Respiratory Services, LLC.
• Sterimed Group
• Sewoon Medical Co, Ltd.
• Medis Electromedical
• Bicakcilar Medical
• Other Key Players

Recent Developments

• May 2022– Amylyx Pharmaceutical published the phase 2 CENTAUR trial results, including permanent assisted ventilation(PAV), tracheostomy, and hospitalization.
• May 2022– Candlewood Valley Health & Rehabilitation cooperated with Respiratory Services, LLC, to enhance its abilities in treating patients with complex Pulmonary Diseases, including tracheostomies.
• January 2022-Smiths Medical, a prominent global device manufacturer, pronounced the launch of a novel polyvinyl chloride tracheostomy tube to its tracheostomy products portfolio.
• November 2021- ConvaTec transformed its Advanced Wound Care Products collaborations with Vision, Inc. This novel collaboration includes wound standardization and savings advantages, which are anticipated to profit Vizient members financially.

Report Scope