The global tracheostomy products market will grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2021-2030.
Tracheostomy is a process used in surgical operations to remove the blockage in the route of breathing. The surgeons primarily make an incision on the anterior of the neck. The process of incision allows surgeons to insert a tube into the human windpipe or trachea. The tube is connected to the oxygen supply machine to remove a blockage in their trachea. The products used in the process are tubes, obturators, tracheal masts, etc.
The rising prevalence of respiratory diseases, including COPD, lung cancer, chronic bronchitis, etc is driving the demand for tracheostomy procedures. World Health Organization indicates that around 235 million people worldwide are suffering from asthma. Hence, with the growing number of patients, the demand for tracheostomy products is expected to increase during the forecast period.
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Moreover, the rising number of chronic respiratory diseases in the population increases the requirement for tracheostomy products. COPD is the 3rd major cause of death worldwide. The disease has affected over 65 million people worldwide. The deadly causes of this disease are influencing people to get cured through surgery as soon as possible. Such factors would fuel the need for tracheostomy products in the upcoming years.
Apart from that, advancements in tracheostomy procedures and products would accelerate the growth of the market during the forecast period. Advanced percutaneous dilatational tracheostomy (PDT) surgeries are being performed on critical patients to reduce the probability of risk and infection. Such beneficial advancements are expected to boost the adoption of tracheostomy products during the analysis period.
However, the complications of the Tracheostomy Procedures and their high costs would slow down the growth of the market.
COVID-19 Impact Analysis
The sudden spread of COVID-19 and hike in the COVID-patients delayed all the surgical processes. Healthcare bodies had to shift their energy to handle the COVID-19 patients, which delayed all the surgical procedures. Moreover, the risk of spread also prevented people from visiting the hospitals. Tracheostomy is an open surgery that involves the risk of infection. Such delays slowed down the growth of the global tracheostomy products market during the epidemic.
Regional Analysis
North America is dominating the global tracheostomy products market and is expected to present the highest contribution in the future. The presence of prominent companies in the market will soar the growth of the global tracheostomy products market. Moreover, the study by American Lung Association indicates that approximately 37 million Americans suffer from chronic lung diseases. Thus the need for tracheostomy surgeries is growing in the region. These factors collectively are projected to boost the growth of the global tracheostomy products market.
Market Segmentation
By Type
- Tracheostomy Tubes
- Double-Lumen Tubes
- Cuffed Tubes
- Uncuffed Tubes
- Single-Lumen Tubes
- Fenestrated Tubes
- Adjustable-Flange Tubes
- Tracheostomy Ventilation Accessories
- Tracheostomy Cleaning Kits
- Other Accessories
By Technique
- Percutaneous Dilatational Tracheostomy
- Ciaglia Blue Rhino Tracheostomy
- Ciaglia Tracheostomy
- Schachner/Rapitrac Tracheostomy
- Griggs Tracheostomy
- FantoniTranslaryngeal Tracheostomy
- Percutwist Tracheostomy
- Surgical Tracheostomy
By End-User
- Hospitals & Surgical Centers
- Ambulatory Care Centers
- Home Care Settings
- Research Laboratories & Academic Institutes
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
Competition In The Market
- Medtronic PLC(Europe)
- Xinxiang Huaxi Sanitary Materials Co., Ltd. (China)
- Pulmodyne (North America)
- Smiths Group PLC (United Kingdom)
- Troge Medical GmbH(Germany)
- Teleflex Incorporated(United States)
- Autoren Medical
- Fisher & Paykel Healthcare Ltd (New Zealand)
- Andreas FahlMedizintechnik-Vertrieb GmbH (Germany)
- Boston Medical Products Inc. (United States)
- ConvaTec Group PLC (United Kingdom)
- Fuji Systems Corporation (Asia)
- Well Lead Medical Co., Ltd.(China)
- TRACOE medical GmbH (Germany)
- Medis Medical (Tianjin) Co. Ltd.
- Cook Group(United States)
- Other prominent players.
Table of Content
Chapter 1: Global Tracheostomy Products Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Tracheostomy Products market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Tracheostomy Products Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Tracheostomy Products market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Tracheostomy Products market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Tracheostomy Products market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Tracheostomy Products market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Tracheostomy Products business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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