Tracheostomy Market is expected to reach US$ 1,263.65 Million by 2031

Tracheostomy Tubes Segment to Bolster Tracheostomy Market Growth During 2023–2031

According to our new research study on "Tracheostomy Market Forecast to 2031 – Global Analysis – by Type, Technique, and End User," the market was valued at US$ 782.91 million in 2023 and is projected to reach US$ 1,263.65 million by 2031; it is anticipated to record a CAGR of 6.2% from 2023 to 2031. The tracheostomy market report emphasizes the trends prevalent in the global market, along with drivers and deterrents affecting its growth.

The increasing prevalence of respiratory diseases and the growing geriatric population are contributing to the growing tracheostomy market size. However, complications associated with tracheostomy hamper the market growth. Further, technological advancements in tracheostomy devices and procedures are expected to bring new tracheostomy market trends in the coming years.   

Tracheostomy Market Share, by Region, 2023 (%)

Source: The Insight Partners Analysis

Growing Geriatric Population Activities Bolsters Tracheostomy Market Growth

Aging leads to reduced lung function and a higher susceptibility to respiratory diseases. The geriatric population is more prone to COPD, pneumonia, asthma, and other respiratory diseases. The majority of the countries across the globe are witnessing an increase in the geriatric population. For instance, according to the US Census Bureau, the number of Americans aged 65 and above is expected to rise from 58 million in 2022 to 82 million by 2050, which is a 47% increase. In addition, the share of the total population for the 65-and-older age group is projected to rise from 17% to 23% by 2050. According to Statistics Canada, in 2022, around one in five Canadians (18.8% of the population; 7,329,910 people) were at least 65 years of age.

As per the WHO, by 2030, one in 6 people in the world will be 60 years or older; the number is expected to reach 1.4 billion and 2.1 billion by 2030 and 2050, respectively, from 1 billion in 2020. WHO also stated that by 2050, 80% of older people will be living in low- and middle-income countries. In addition, as per the Population Reference Bureau, Asia and Europe have the oldest populations, including people aged 65 or older. With 28% of the geriatric population, Japan is leading worldwide, followed by Italy at 23%. Finland, Portugal, and Greece are among the top five countries with ~22% of the geriatric population. Thus, the increasing geriatric population fuels the growth of the tracheostomy market.

The tracheostomy market analysis has been carried out by considering the following segments: type, technique, end user, and geography. Based on type, the tracheostomy market is segmented into tracheostomy tubes, tracheostomy ventilation accessories, tracheostomy clean and care kits, and other accessories. The tracheostomy tubes segment held the largest tracheostomy market share in 2023. Tracheostomy tubes facilitate positive pressure ventilation, allow for access for secretion removal, and provide a patent airway for patients with obstructed upper airways. The easy availability of products such as Shiley Tracheostomy tubes by Medtronic and Rüsch tracheostomy tubes by Teleflex is increasing the demand for tracheostomy tubes to treat various critical conditions requiring mechanical ventilation. In addition, manufacturers are focused on providing structural improvements in tracheostomy tubes, such as the use of silicone, polyurethane, and other advanced materials, which are more flexible, biocompatible, and less likely to cause irritation or tissue damage. These materials help reduce the risk of infection as well as improve patient comfort. For instance, Medtronic offers Shiley a flexible tracheostomy tube, a soft material made with a non-DEHP plasticizer. This material reduces the risk of irritation and skin breakdown. The adoption of cuffless tracheostomy tubes, or the ones with adjustable pressure cuffs, reduces trachea injury and trauma to the surrounding tissues. Adjustable cuffs provide precise control of airway pressure, minimizing the risk of complications such as tracheal stenosis. Angiplast Private Limited offers a cuffless tracheostomy tube manufactured from nontoxic siliconized PVC to protect delicate mucosal tissues. Such developments in tracheostomy tubes accelerate the growth of the segment during 2023–2031.

By technique, the market is bifurcated into surgical tracheostomy and percutaneous dilatational tracheostomy. The surgical tracheostomy segment held a larger market share in 2023. Surgical tracheostomy is a surgical procedure that creates an opening in the windpipe, just below the voice box. It is often performed on patients in the intensive care unit (ICU) on a ventilator via an oral tube. This procedure can also be performed on patients who are expected to require a prolonged period on the ventilator. Prolonged ventilation in patients suffering from critical respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and chronic aspiration can lead to long ICU and hospital stays and high death rates. Surgical tracheostomy offers several potential advantages such as lower airflow resistance and breathing effort, reduced need for sedatives, improved patient comfort and mobility, easier weaning from the ventilator, and a decreased risk of ventilator-associated pneumonia (VAP) for patients on prolonged mechanical ventilation. Therefore, owing to the above-mentioned advantages, the need for surgical tracheostomy procedures is increasing for treating prevalent chronic respiratory diseases.

Based on end user, the tracheostomy market is categorized into hospitals and surgery centers, ambulatory care centers, homecare settings, and research laboratories and academic institutes. The hospitals and specialty clinics segment dominated the market in 2023.

The geographic scope of the tracheostomy market report includes the assessment of the market performance in North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), the South & Central America (Brazil, Argentina, and Rest of South & Central America), and the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa).

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