Tracheostomy Products Market - Global Industry Analysis, Size, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- Medical Equipments
A tracheostomy is a surgically created passageway through the front of the neck and into the trachea (windpipe). A tube is inserted through the hole and enable the patient breathing. This allows air to go to lungs, avoiding nose, mouth and throat and remove the secretions from the lungs. In rare cases, tracheostomy is permanent but the hole should be blocked when tracheostomy is no longer needed. This surgical procedure has several complications such as bleeding, permanent damage in vocal cord, and infections etc.
The global tracheostomy products market is driven by growing number of geriatric bed-ridden population, rise in the number of long-term ventilation care, increasing number of abnormalities such as chronic lung diseases, neck cancer, vocal cord paralysis etc. Moreover, technological advancement for the diagnosis and treatment, growing healthcare infrastructure in the many developing countries, and availability of skilled surgeons are also deriving the market growth. This market is likely to face challenges from high tracheostomy products costs, several health complications associated to tracheostomy such as bleeding, infection and other issues such as narrowing of trachea, damage/displacement of the tube, infection at the cut, abnormal tissue formation in the trachea etc. Rise in the demand for tracheostomy products in home-care services, new product development, and conglomerations among the key vendors are expected as significant opportunities for the same market to grow.
Tracheostomy is performed for the patients with long-term care of ventilation, neck cancer, chronic lung diseases, vocal cord paralysis, neck injuries etc. By application type, the global tracheostomy market is segmented into long-term ventilation care, neck cancer, chronic lung disease, vocal cord paralysis, birth defects of the air passage and others.
By product type, the global market for tracheostomy is segmented into tracheostomy tubes, cannula, tracheostomy ventilation accessories and others. The tracheostomy tubes can be segmented into adult tracheostomy tube and pediatric tracheostomy tube. The cannula segment is further classified into disposable and reusable cannula whereas the others segment is further categorized into tracheostomy plugs and caps, speaking valves, anti-disconnect devices, tracheostomy tube holders etc. By material type, the global tracheostomy products market is segmented into PVC (polyvinyl chloride), silicone and others. The advantages of using PVC in tracheostomy products are safety, biocompatibility, and easy to sterilize whereas silicone material is mainly used in tracheostomy products for its remarkable durability.
By end-users, the tracheostomy products market is further segmented into hospitals, independent clinics, ambulatory surgical centers and others (for example home care). Among four segments, the hospitals segment is expected to claim the highest market share because of the presence of skilled professionals, availability of several types of tracheostomy products, and strong surgical infrastructure. The market share of others segment such as homecare segments is likely to rise in future due to the rise in tracheostomy products in households.
Geographically, the global tracheostomy products market is segmented into five regions such as North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The North America market is expected to witness the largest market share due to the rise in the bed ridden geriatric population, high diagnosis rate, high surgery rate, medical reimbursement etc. Likewise, the Europe region is likely to experience a significant market share and will grow by a moderate growth rate during the forecast period. The Asia Pacific tracheostomy products market will increase by a significant growth rate in the future, owning to low costs of the tracheostomy products and quick adoptions of those products. The sluggish growth is anticipated for the Latin America and Middle East and Africa regions due to rise in the adoption of tracheostomy products, and increasing number of imports of the tracheostomy products from other regions.
Prominent players are Medtronic, Cook Medical, Smiths Medical, Teleflex, Fisher and Paykel Healthcare and others. The West China Hospital submitted an application for utility patent for tracheostomy tube in July, 2015. Smiths Medical launched a silicone made tracheostomy tube in January, 2014.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Medical Equipments
Medical DevicesImpact of Chinas Medical Devices Market-Thematic Research
Medical DevicesGenomics-Thematic Research