Global Tracheostomy Products Market Size is Projected to Reach USD 220 Million By 2024 from USD 179 Million in 2019
DUBLIN, Oct. 21, 2019 /PRNewswire/ -- The "Tracheostomy Products Market by Product (Tracheostomy Tube (Double Lumen, Cuffed, Fenestrated), Accessories), Technique (Ciaglia Blue Rhino, Translaryngeal, Percutwist, Shachner/Rapitrac, Translaryngeal/Fantoni), End-User, Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global tracheostomy products market is projected to reach USD 219.8 million by 2024 from USD 178.8 million in 2019, at a CAGR of 4.2%.
The demand for tracheostomy products is expected to grow mainly due to factors such as the increasing prevalence of respiratory diseases & disorders, technological advancements, rising patient demand for home care services, favorable reimbursement scenario, and the availability of clinical evidence for their safety & efficacy. These factors have prompted market players to improve and strengthen their current manufacturing and distribution capabilities - especially in emerging markets, which are expected to witness the highest growth.
In 2018, Medtronic plc (Ireland), Smiths Group plc (UK), TRACOE medical GmbH (Germany), Teleflex Incorporated (US), and Fisher & Paykel Healthcare Ltd. (New Zealand) were the top five players in the global tracheostomy products market.
The other prominent players operating in this market include ConvaTec Group (US), Cook Group (US), Troge Medical GmbH (Germany), Well Lead Medical Co., Ltd. (US), Fuji Systems Corporation (Japan), Andreas Fahl Medizintechnik-Vertrieb GmbH (Germany), Xinxiang Huaxi Sanitary Materials Co., Ltd. (China), Medis Medical (Tianjin) Co. Ltd. (China), Boston Medical (US), and Pulmodyne (US).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Overview
4.2 Tracheostomy Products Market, By Type, 2019 Vs. 2024 (USD Million)
4.3 Market, By Technique, 2019 Vs. 2024 (USD Million)
4.4 Market Share, By End User and Region (2019)
4.5 Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Prevalence of Respiratory Diseases & Disorders
5.2.1.2 Technological Advancements
5.2.1.3 Favorable Reimbursement Scenario
5.2.1.4 Rising Patient Demand for Home Care Services
5.2.1.5 Clinical Evidence for the Safety and EffiCACy of Tracheostomy Devices
5.2.2 Restraints
5.2.2.1 High Cost of Tracheostomy Procedures
5.2.2.2 Increasing Pricing Pressure on Market Players
5.2.3 Opportunities
5.2.3.1 Emerging Markets
5.2.4 Challenges
5.2.4.1 Dearth of Skilled Surgeons
6 Market, By Type
6.1 Introduction
6.2 Tracheostomy Tubes
6.2.1 Double-Lumen Tubes
6.2.1.1 Technological Advancements in Double-Lumen Tubes Have Allowed for Greater Efficiency and Fast Lung Isolation
6.2.2 Cuffed Tubes
6.2.2.1 Reduced Risk of Aspiration and Improved Ventilation are the Major Advantages Driving the Demand for Cuffed Tubes
6.2.3 Uncuffed Tubes
6.2.3.1 Lower Resistance to Airflow and Easy Suctioning Capabilities are the Major Advantages Driving the Adoption of Uncuffed Tubes
6.2.4 Single-Lumen Tubes
6.2.4.1 High Preference in Emergency Cases to Drive the Uptake of Single-Lumen Tubes in the Coming Years
6.2.5 Fenestrated Tubes
6.2.5.1 Risk of Oral and Stomach Content Entering the Lungs Through Fenestration to Lower the Adoption of These Tubes
6.2.6 Adjustable-Flange Tubes
6.2.6.1 Risk of Accidental Decannulation has Affected the Adoption of Adjustable-Flange Tubes
6.3 Tracheostomy Ventilation Accessories
6.3.1 Increasing Number of Tracheostomy Procedures Will Drive Market Growth
6.4 Tracheostomy Cleaning Kits
6.4.1 Regular Cleaning of Tracheostomy Equipment Helps Extend Usage and Cuts Down Overall Costs
6.5 Other Accessories
7 Market, By Technique
7.1 Introduction
7.2 Percutaneous Dilatational Tracheostomy
7.2.1 Ciaglia Blue Rhino Tracheostomy
7.2.1.1 Ease of Operation and Rapid Insertion are Driving the Demand for This Technique
7.2.2 Ciaglia Tracheostomy
7.2.2.1 Procedural Benefits of the Ciaglia Technique Will Support the Growth of This Market Segment
7.2.3 Schachner/Rapitrac Tracheostomy
7.2.3.1 High Complication Rate of This Procedure has Limited Its Adoption
7.2.4 Griggs Tracheostomy
7.2.4.1 Short Operation Times and Ease of use Have Created Positive Demand
7.2.5 Fantoni Translaryngeal Tracheostomy
7.2.5.1 Low Risk of Bleeding and the Small Skin Incisions Involved Have Driven the Adoption of the Fantoni Technique
7.2.6 Percutwist Tracheostomy
7.2.6.1 Low Risk of Posterior Wall Injury and Single-Balloon Dilation are the Key Features of the Percutwist Technique
7.3 Surgical Tracheostomy
7.3.1 High Risk of Post-Procedural Complications to Restrain Market Growth
8 Market, By End User
8.1 Introduction
8.2 Hospitals & Surgical Centers
8.2.1 Financial Capabilities of Hospitals to Purchase Expensive Equipment Leads for the Large Share of the Segment
8.3 Ambulatory Care Centers
8.3.1 Rising Number of Ambulatory Care Centers Across Developed Countries to Drive Market Growth
8.4 Home Care Settings
8.4.1 Growing Preference for Home & Remote Monitoring has Helped Increase the Adoption of Home Care
8.5 Research Laboratories & Academic Institutes
8.5.1 Growing Public-Private Initiatives to Support Tracheostomy Research Activities Will Drive Market Growth
9 Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Dominates the North American Tracheostomy Products Market
9.2.2 Canada
9.2.2.1 Favorable Government Investments, Awareness on Respiratory Care, and Implementation of Abf are Driving Market Growth
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany Commands the Largest Share of the Market in Europe
9.3.2 UK
9.3.2.1 Market Growth in the UK is Mainly Driven By the Increasing Incidence of Chronic Respiratory Diseases
9.3.3 France
9.3.3.1 Increasing Hospitalizations Due to the High Prevalence of Respiratory Disorders in France Will Drive the Demand for Tracheostomy Devices
9.3.4 Italy
9.3.4.1 Ongoing Economic Crisis in the Country and Rising Government Pressure to Reduce Healthcare Costs May Restrain Market Growth
9.3.5 Spain
9.3.5.1 Increased Cost Burden on the State-Run Health Insurance System Will Hinder Market Growth
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.1.1 Favorable Reimbursement and Regulatory Scenario Have Propelled Market Growth in Japan
9.4.2 China
9.4.2.1 Government Initiatives to Modernize Healthcare Facilities and Reimbursement Will Drive Market Growth
9.4.3 India
9.4.3.1 Availability of Skilled Personnel and Low Treatment Costs Have Made India an Important Medical Tourism Hub
9.4.4 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Brazil Dominates the Latin American Market, But Suffers From the Challenge of Inadequate Healthcare Accessibility
9.5.2 Mexico
9.5.2.1 Mexico is a Prominent Medical Tourism Destination for US Patients
9.5.3 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Growing Healthcare Expenditure and Infrastructural Improvements Will Contribute to Market Growth in MEA
10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Key Product Launches
10.3.2 Key Expansions
10.3.3 Key Mergers and Acquisitions
10.3.4 Key Partnerships, Agreements, and Collaborations
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic Differentiators
10.4.4 Emerging Companies
11 Company Profiles
11.1 Medtronic
11.2 Smiths Group PLC
11.3 TRACOE Medical GmbH
11.4 Teleflex Incorporated
11.5 Fisher & Paykel Healthcare Ltd.
11.6 Andreas Fahl Medizintechnik-Vertrieb GmbH
11.7 Boston Medical Products, Inc.
11.8 ConvaTec Group PLC
11.9 Cook Group
11.10 Fuji Systems Corporation
11.11 Medis Medical (Tianjin) Co. Ltd.
11.12 Pulmodyne
11.13 Troge Medical GmbH
11.14 Well Lead Medical Co., Ltd.
11.15 Xinxiang Huaxi Sanitary Materials Co., Ltd.
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