Enjoy complimentary customisation on priority with our Enterprise License!
The tracheostomy products market size has the potential to grow by USD 42.12 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end user (hospitals, ASCs, and others) and geography (North America, Europe, Asia, and ROW). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Bicakcilar Medical Devices, Cook Group Inc., Fisher & Paykel Healthcare Corp. Ltd., Fuji Systems Co. Ltd., Medtronic Plc, Smiths Medical Inc., Stening SRL, Teleflex Inc., TRACOE Medical GmbH, and Troge Medical GmbH.
Browse TOC and LoE with selected illustrations and example pages of Tracheostomy Products Market
The market is fragmented due to the presence of well-established players. The vendors in this market are focusing on the development of innovative, flexible applications, and user-friendly products. Additionally, to improve their market positions, the vendors are also investing in product development, geographic expansion, and the adoption of modern technologies. Bicakcilar Medical Devices, Cook Group Inc., and Fisher & Paykel Healthcare Corp. Ltd. are some of the major market participants. Although the increasing number of traumatic injury cases will offer immense growth opportunities, procedural complications and post-operative care will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this tracheostomy products market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this tracheostomy products market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
Request for a FREE sample and Get more information on the market contribution of various segments
Hospitals are equipped with advanced medical infrastructure including tracheostomy products, which enables them to cater to various needs of individuals. The increase in number of hospital admittances for surgical care will contribute to the growth of the market in this end-user segment.
Market growth in this segment will be slower than the growth of the market in the ASCs segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the tracheostomy products market size.
For more insights on the market share of various regions Request for a FREE sample now!
North America was the largest tracheostomy products market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rise in number of individuals with chronic diseases and the increasing occurrence of traumatic injuries will significantly drive tracheostomy products market growth in this region over the forecast period.
41% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for tracheostomy products in North America. Market growth in this region will be slower than the growth of the market in Asia.
The tracheostomy products market will register a CAGR of over 4% by 2024. The increasing incidences of throat cancer and laryngeal and hypopharyngeal cancers is one of the major factors driving market growth. Factors including the increased uptake of tobacco, alcohol, diet rich in fat, sugar, and contribute to the rise in the incidences of cancers including throat cancer and laryngeal and hypopharyngeal cancers. This drives the need for surgical interventions for airway management and tracheostomies associated with these kinds of surgical interventions, subsequently driving the tracheostomy products market value.
The rise in demand for homecare services, one of the key tracheostomy products market trends, will also drive market growth during the forecast period. Individuals with irreversible airway obstruction due to chronic, systemic or autoimmune diseases are more prone to undergo long-life tracheostomy intubation. This drives the need for cautious and meticulous homecare of the tracheostomy tube and the stoma as it is one of the preferred life-saving procedures for critically ill patients.
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.