Tracheostomy Products Market by Product Type (Tracheostomy Tubes, Cannula, Tracheostomy Clean and Care Kits and other Accessories), Material (Polyvinyl Chloride, Silicone and others), End User (Hospitals and Clinics, Ambulatory Surgery Centers and others) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America), Global Forecast 2022 to 2032

Tracheostomy Products Market: Prolonged Instances of Mechanical Ventilation in Critically Ill Patients Encourages Tracheostomy

Essentially, tracheostomy is a surgical procedure which enables a surgical airway management devices into the cervical cancer diagnostics trachea to aid respiration amongst patients citing various respiratory concerns. It is a commonplace event amongst patients who have been on ventilators as well as amongst those who have suffered a massive trauma, affecting their normal airway functions. Therefore, in tracheostomy, an incision is made into the neck to connect to the trachea. Eventually, a tube is inserted through this incision to establish an airway passage and also to expel various lung secretions. The tube is known as tracheostomy tube.

The size of the global market for tracheostomy products was estimated at USD 201.2 million in 2022 and is projected to grow at a CAGR of 4.2% to reach USD 305.1 million in 2032. 

There are some prominent concerns that encourage adoption of tracheostomy.  Such as a blocked airway that resists airflow into the lungs. It is also helpful in removing various secretions from the airways. One of the most dominating factors triggering tracheostomy is in mechanical ventilation. When patients are subjected to continuous ventilation support owing to diverse diseases, tracheostomy is highly recommended to aid patients in recovering their natural breathing capacity without ventilation support, thereby allowing rapid and swift oxygen delivery into the lungs. These prevailing conditions offer rife growth opportunities for tracheostomy products market.

High Prevalence of Respiratory Conditions such as COPD and Asthma to Propel Tracheostomy Products Adoption

Tracheostomy is a highly reliable medical procedure to offer sustainable respiratory aid amongst patients on mechanical ventilation. Instances of respiratory glitches amongst patients complaining of insufficient breathing capabilities. Tracheostomy gains greater adoption amongst patients who are poised to undergo extended mechanical ventilation. Backed by numerous benefits such as patient comfort and ease, hassle-free removal of secretions and speedy healing time, especially amongst patients in intensive care unit remain key factors driving adoption and concomitant growth in tracheostomy products market.

High prevalence of respiratory ailments such as COPD (Chronic Obstructive Pulmonary Disease) and Asthma amongst others regularly lead to frequent adoption of tracheostomy, thereby propelling high growth potential in global tracheostomy products market. Going by WHO fact sheets, a whopping 3.17 million deaths approximately are attributed to COPD which amounted to around 5% of total global deaths in 2015. Mid and low income economies continue to remain worst affected by respiratory care devices. Therefore, according to WHO, higher the rate of pollution and tobacco use, greater will be the risk of respiratory diseases in forthcoming years, thereby pushing growth in respiratory devices such as tracheostomy products market.

Pediatric tracheostomy is an emerging field and children undergoing long term ventilation are later subjected to pediatric tracheostomy. The procedure is mainly performed amongst pediatric cased below the age of one year as opposed to prolonged ventilation. Owing to such factors, tracheostomy products are likely to undergo massive transformation to suit need specifications, allowing the tracheostomy products market to witness magnificent growth.

R&D Expeditions Suggest Efficiency of Go-Bags in Aversion of TRAE amongst Pediatric Tracheostomy Cases

Novel R&D expeditions are underway to facilitate improved tracheostomy aids for convenient management and care. To site an instance, travelling can become highly challenging for pediatric tracheostomy cases, especially with elaborate equipment and devices. Therefore, several market participants are investing substantially towards development of novel packaging aids such as go bags for convenient mobility amongst pediatric tracheostomy cases. Several studies are suggesting standardization of tracheostomy go-bags to ensure optimal patient care during both in and out of hospital events. With these tracheostomy go-bags, care givers and nurses can provide superlative care, curbing risks of tracheostomy-related adverse event (TRAE).

Favorable Reimbursement Protocols and Regular Up-gradation to Boost Seamless Adoption of Tracheostomy Products

Centers for Medicare & Medicaid Services (CMS) an offshoot of the US Health and Human Services has recently released a set of protocols to avert instances of denials during tracheostomy product billing. These periodic protocol alterations are estimated to tangibly affect tracheostomy product market growth trajectory in more than one ways.

Additionally according to new developments in global surgical reimbursement rates, broad range of services during and after procedures are necessary for adequate applications of tracheostomy products as well as subsequent discharge planning.

Post-Surgical Complications and Scope for Infections to Promote Tracheostomy Alternatives, Deterring Market Growth

Despite high efficiency and sustained adoption of tracheostomy products to ease respiratory concerns, tracheostomy continues to be under the scanner owing to its prevalent downsides such as high risks of internal injury and infections. Some of the most common complications and side effects of tracheostomy products include, damage of the larynx, scarring of the lungs and neck as well as high risks of infections. Additionally, tracheostomy products are most often highly priced. Therefore, their regular adoption is largely affected owing to high pricing brackets.

Additionally, insufficient technical knowledge and lack of skilled labor further result in complications. Therefore, of-late, several advanced devices have emerged as potential substitutes to tracheostomy products. These aforementioned developments are likely to limit steady growth spurt in global tracheostomy products market in the coming years.

Favorable reimbursement policies even for unlisted enteral supplies without adequate documentation and codes for speedy therapeutics also includes surgical devices such as tracheostomy care and products without documentation. These convenient reimbursement attributes are likely to facilitate seamless adoption of tracheostomy amongst patients, allowing the tracheostomy products market to remain flourishing in the coming years.

Home Respiratory Therapy for Accurate Disease Management Expedites Tachometry Products Needs

In present times, improved care delivery amongst respiratory diseases patients are adequately channelized through Home Respiratory Therapy (HRT). Besides hospital and ambulatory applications, tracheostomy products are witnessing novel applications in home care services across age groups. Besides growing burden of respiratory diseases amongst aging populace, pediatric and juvenile respiratory cases are gaining exponential spike in the recent years. This further harnesses greater scope for home respiratory therapies, thereby manifesting better returns in global tracheostomy products market.

Diseases such as COPD require routine disease management system to improve quality of life amongst patients. Therefore, home based respiratory diseases management is growing exponentially, further creating favorable growth opportunities for tachometry products market.

Companies Invest In Eco-friendly Tracheostomy Product Development to Encourage Sustainable Healing and Improved Patient Outcome

In the light of rapid adoption of tracheostomy device products, market participants are entering into novel business partnerships to enhance disease management and patient care. In this light, Ireland based Medtronic, best known for its range of medical devices has partnered with MUSC (Medical University of South Carolina) for improved tracheostomy product development as well as holistic patient care encompassing diverse health conditions. The deal has been struck for a five year term and is envisioned to improve patient outcome and cost reduction in respiratory disease management, respiratory assistance and tracheostomy product management.

Further, to optimize tracheostomy products portfolio with sustainable product development, Intersurgical EcoLite has recently introduced its refurbished range of masks to suit diverse health conditions such as tracheostomy, aerosol and oxygen masks. These masks are touted to offer sustainable health benefits as these do not contain PVC, thereby having no ecological impact. The products under the brand, EcoLite is expected to enhance patient comfort with its improved product portfolio as well as light weight built. These recent developments are anticipated to leverage million dollar growth opportunities in global tracheostomy product market in the coming decades.

Further in developing novel tracheostomy product line, medical device veteran, Biovo Technologies has announced the launch of its range of tracheostomy tubes, laryngeal masks, as well as tracheal tubes to enhance patient recovery and disease management. The new product line mainly focuses on sealing cuff design technology as well as incorporating novel building components with improved capabilities to suit diverse patient needs. These aforementioned developments are anticipated to bolster exponential adoption and concomitant growth in global tracheostomy products market.

Some of the key players operating in the competitive edge of global Tracheostomy Products Market include : 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. 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)

Tracheostomy Products Market Scope

Major Market Movements

•  Growing burden of critically ill patients across age groups are likely to bolster adoption

•  Need to restrict reliance on mechanical ventilation encourages tracheostomy

•  Market participants divert substantial investments towards portfolio diversification to attain breakthroughs in terms of material, functional improvements as well as environmental sustenance

•  Studies underway to encourage convenient and hassle free management amongst pediatric tracheostomy patients with novel Go-Bags

•  Respiratory disease severity across the globe to remain a chief growth propellant for tracheostomy products

Key Study Deliverables

•  Market valuation in terms of value and volume of the global tracheostomy products market through the forecast span, 2019-25

• Comprehensive market evaluation across major regions based on market segmentation

• A thorough rundown on market dynamics such as drivers, threats, challenges, opportunities

• A clear analytical review of competition spectrum, highlighting industry forerunners, company as well as product portfolios

• Major highlights on winning marketing strategies adopted by leading players

Segment Overview of Global Tracheostomy Products Market

By Type:

Tracheostomy Tubes

Single Lumen Tubes

Double Lumen Tubes

Uncuffed Tubes

Cuffed Tubes

Fenestrated Tubes

Adjustable Flange Tubes

Tracheostomy Ventilation Accessories

Tracheostomy Clean & Care Kits

Other Accessories

By Technique:

Surgical Tracheostomy

Percutaneous Dilatational Tracheostomy

Ciaglia Tracheostomy

Ciaglia Blue Rhino Tracheostomy

Shachner/Rapitrac Tracheostomy

Grigg's Tracheostomy

Translaryngeal/Fantoni Tracheostomy

PercuTwist Tracheostomy

By End-User:

Hospitals and Surgery Centers

Ambulatory Care Centers

Home Care Settings

Research Laboratories and Academic Institutes

By Region:

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

RoE

Asia Pacific

Japan

China

India

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa