Global Tracheostomy Products Market

Global Tracheostomy Products Market Size, Share, Growth Analysis, By Type(Tracheostomy Tubes, Ventilation Accessories), By Technique(Percutaneous Dilatational Tracheostomy, Surgical Tracheostomy), By End-use(Hospitals & Surgery Centers, Ambulatory Care Centers) - Industry Forecast 2024-2031

Report ID: SQMIG35A2624 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 94 | Figures: 76

Global Tracheostomy Products Market Competitive Landscape

The demand for at-home care for very ill patients is increasing as a result of technological improvements. The main competitors in the market are concentrating on improving their distribution capabilities, especially in emerging markets. For instance, Smiths Medical expanded their selection of tracheostomy tubes in 2021 by adding a (PVC) tracheostomy tubing portfolio. Additionally, in 2021 Cook Medical introduced the Blue Rhino G2-Multi Percutaneous Tracheostomy Introducer Kits and Trays in the United States and Canada.

ConvaTec and Vizient, Inc. renewed their agreement for Advanced Wound Care Products in 2021. The standardization of wound formularies and cost-saving strategies included in this new agreement are expected to boost ConvaTec's market potential and assist Vizient customers both clinically and financially.

Top Player’s Company Profiles

  • Smiths Medical
  • Cook Medical
  • Fisher & Paykel Healthcare Limited
  • C. R. Bard, Inc. (now part of BD)
  • ConvaTec Group PLC
  • Boston Medical Products, Inc.
  • Tracoe Medical GmbH
  • Troge Medical GmbH
  • Well Lead Medical Co., Ltd.
  • Fuji Systems Corp.
  • Pulmodyne
  • Humancare Group
  • Andreas Fahl Medizintechnik-Vertrieb GmbH
  • VBM Medizintechnik GmbH
  • Salter Labs
  • Pulmomed
  • Kapitex Healthcare Ltd.

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FAQs

Global Tracheostomy Products Market size was valued at USD 193.8 million in 2022 and is poised to grow from USD 210 million in 2023 to USD 290 million by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).

The demand for at-home care for very ill patients is increasing as a result of technological improvements. The main competitors in the market are concentrating on improving their distribution capabilities, especially in emerging markets. For instance, Smiths Medical expanded their selection of tracheostomy tubes in 2021 by adding a (PVC) tracheostomy tubing portfolio. Additionally, in 2021 Cook Medical introduced the Blue Rhino G2-Multi Percutaneous Tracheostomy Introducer Kits and Trays in the United States and Canada. 'Medtronic plc', 'Smiths Medical', 'Teleflex Incorporated', 'Cook Medical', 'Fisher & Paykel Healthcare Limited', 'C. R. Bard, Inc. (now part of BD)', 'Medline Industries, Inc.', 'ConvaTec Group PLC', 'Boston Medical Products, Inc.', 'Tracoe Medical GmbH', 'Troge Medical GmbH', 'Well Lead Medical Co., Ltd.', 'Fuji Systems Corp.', 'Pulmodyne', 'Humancare Group', 'Andreas Fahl Medizintechnik-Vertrieb GmbH', 'VBM Medizintechnik GmbH', 'Salter Labs', 'Pulmomed', 'Kapitex Healthcare Ltd.'

The rising prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), sleep apnea, and tracheal stenosis, is a significant driver for the tracheostomy products market. Tracheostomy is a common procedure performed in patients with severe respiratory conditions, creating a demand for tracheostomy products.

Growing Demand for Disposable Tracheostomy Products: There has been an increasing preference for disposable tracheostomy products due to their convenience, reduced risk of infection, and ease of use. Disposable tracheostomy tubes and related accessories offer cost-effective solutions and eliminate the need for cleaning and sterilization.

North America dominated the market in terms of revenue share in 2022 due to the region's strong healthcare infrastructure, quick development of novel treatments and technologies for throat cancer, and expanding presence of major companies. The market is expected to rise primarily a result of important factors like increased healthcare spending per person and a high prevalence of respiratory ailments. The expansion of the North American regional market is also projected to be boosted by supportive government efforts and an increase in research collaborations.

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