Tracheostomy Tube Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Tracheostomy Tube Market Overview

Tracheostomy is a medical procedure that forms an opening in the neck to place a tube into the patient’s windpipe. Tracheostomy tubes are temporary or permanent, depending on the condition of the patient. The tube is inserted through a small incision in the neck below the vocal cords, allowing air to enter the lungs and establish respiration for the patient. Tracheostomy procedures are performed for various conditions such as breathing difficulty, neurological trauma, and chronic or infectious airway diseases. If required, a tracheostomy tube is connected to a breathing machine such as a ventilator to supply oxygen for severe cases. A tracheostomy tube can also be used to remove fluid building up in the windpipe and throat.

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Tracheostomy is performed when there is airway obstruction, secretions problems, and inefficient oxygen delivery. The product needs a prescription from a doctor. Healthcare professionals provide a prescription to patients for a specific tracheostomy tube based on the patient’s unique needs. Tracheostomy tubes are required to be changed every 29 days. The first tube change usually occurs between 7 and 14 days after the tracheostomy tube is initially placed. In the market, commercially, there are different types of tracheostomy tubes available, and it is provided based on the patient’s specific needs

Some Prominent Players Details Product Mapping

Global Tracheostomy Tube Market Revenue Outlook:

The global tracheostomy tube market was valued at US$ 533.8 Mn in 2021 and is projected to register а САGR of 4.1 % by 2031.

The global tracheostomy tubes market is segmented into product type, application, end-use, and region. Based on the product type, the market is segmented into a cuffed tube with a disposable inner cannula, a cuffed tube with a reusable inner cannula, a cuffless tube with a disposable inner cannula, a cuffed tube with a reusable inner cannula, fenestrated cuffed tracheostomy tube, fenestrated cuffless tracheostomy tube, and metal tracheostomy tube. The application type is segregated into cystic hygroma, laryngectomy, epiglottitis, croup infection, subglottic stenosis, subglottic web, tracheomalacia, and other applications. The end-user segment is segmented into hospitals, specialty clinics, ambulatory surgery centers, and home care settings.

Impact of Increasing Incidence Rate of Respiratory Diseases Coupled with Growing Geriatric Population

Increasing incidence rate of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and other respiratory tract infections, especially in emerging countries such as India, China, Japan, and Brazil, is expected to create a large patient pool. Thus, increasing the consumption of tracheostomy tubes which is anticipated to boost the market growth.

• Globally, COPD is considered to be one of the leading causes of death. According to the WHO, approximately 251 Mn people were suffering from COPD worldwide in 2016.
• In 2016, COPD was considered the fourth-leading cause of death in the United States. Previously, COPD was more prevalent in men, but now the disease affects men and women equally worldwide. In the US, women are ~37% more at risk of having COPD than men. Approximately 7 Mn US women have COPD, and more populations are alleged to have symptoms yet haven’t been diagnosed.

Growing geriatric population coupled with a higher prevalence rate of age-related diseases is the factor to boost the growth of the global market. Tracheotomy procedures are regularly performed for severely ill and elderly patients with respiratory failure.

• According to the World Population Prospects 2019 report published by the United Nations, by 2050, 1 in 6 people worldwide will be over age 65 (16%), up from one in 11 in 2019 (9%). The number of persons 80 years or above is projected to triple, from 143 million in 2019 to 426 million in 2050.

Leading Companies Product Pricing (US$)

Key Strategies Adopted By The Major Players 

Companies are steadily focusing on the development and launch of cost-effective products to improve patient safety significantly. Hence, contributing to the market growth of the tracheostomy tubes market.

• In January 2020, Smiths Medical, a leading global medical device manufacturer, has launched a new Polyvinyl Chloride (PVC) tracheostomy tube portfolio. Smiths Medical’s Bluselect tracheostomy tubes include a range of options for airway management needs.
• In September 2019, Biovo Technologies Ltd., a medical device company focusing on Critical Care and Operating Rooms, has launched a novel HyperForm™ product line at The American Association for Respiratory care (AARC) conference in New Orleans.

Competitive Landscape

The global market landscape appears highly consolidated, with a major chunk dominated by the players.

• Medtronic plc
• Smiths Group Plc
• Teleflex Incorporated
• Fisher & Paykel Healthcare Corp. Ltd
• Senko Medical Instrument Mfg. Co., Ltd
• Well Lead Medical Co
• Fuji Systems Corporation
• Henan Tuoren Medical Device Co., Ltd
• Pulmodyne Inc.
• TRACOE medical GmbH
• Hangzhou Jinlin Medical Appliances Co., Ltd
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Global Tracheostomy Tube Market segmentation based on Product Type, Application, End-Use, and Region

Tracheostomy Tube Market, By Product Type

• Cuffed Tube with Disposable Inner Cannula
• Cuffed Tube with Reusable Inner Cannula
• Cuffless Tube with Disposable Inner Cannula
• Cuffed Tube with Reusable Inner Cannula
• Fenestrated Cuffed Tracheostomy Tube
• Fenestrated Cuffless Tracheostomy Tube
• Metal Tracheostomy Tube

Tracheostomy Tube Market, By Application

• Cystic Hygroma
• Laryngectomy
• Epiglottitis or Croup Infection
• Subglottic Stenosis
• Subglottic Web
• Tracheomalacia
• Other Applications

Tracheostomy Tube Market, By End-Use

• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Home Care Settings

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Medtronic plc
• Smiths Group Plc
• Teleflex Incorporated
• Fisher & Paykel Healthcare Corp. Ltd
• Senko Medical Instrument Mfg. Co., Ltd
• Well Lead Medical Co
• Fuji Systems Corporation
• Henan Tuoren Medical Device Co., Ltd
• Pulmodyne Inc.
• TRACOE medical GmbH
• Hangzhou Jinlin Medical Appliances Co., Ltd
• Other Key Players