Tracheostomy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
A tracheostomy is a surgically created hole in the trachea. This hole provides an alternative way for breathing. Tracheostomy pipe is inserted from the hole and adjusted to keep there with the help of strap. Tracheostomy tube is placed there for the continuous passage of air and keep breathing. Tracheostomy is often needed when health problems require long-term use of a machine i.e ventilator to help in breathing.
MARKET SCOPE
The "Global Tracheostomy Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Tracheostomy market with detailed market segmentation by drug class and distribution channel. The report provides key statistics on the market status of the leading Tracheostomy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, tracheostomy tube , tracheostomy ventilation accessories, tracheostomy clean and care kits, and others accessories.
- Based on technique the market is segmented as, surgical tracheostomy and percutanoues dilatational tracheostomy.
MARKET DYNAMICS
Drivers:
- Rising prevalence of Tracheostomy and other gastrointestinal disorders.
- High cost of parenteral nutrition as major of the SBS patient are on parenteral nutrition.
- Extensive R&D efforts by pharmaceutical companies to develop novel therapies for SBS is expected to fuel the market growth.
- Presence of strong pipeline of drugs under trial is expected to spur market growth during the forecast period.
Restraints:
- Whereas, high cost of treatment for SBS is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Tracheostomy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Tracheostomy market in these regions.
IMPACT OF COVID-19 ON TRACHEOSTOMY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Tracheostomy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Tracheostomy market in these regions.
IMPACT OF COVID-19 ON TRACHEOSTOMY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Tracheostomy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Tracheostomy market are anticipated to lucrative growth opportunities in the future with the rising demand for Tracheostomy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Tracheostomy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medtronic Plc
- Smiths Group Plc
- TRACOE Medical Gmbh
- Teleflex Incorporated
- FisHealthcareykel healthcare Ltd
- Convatec Group
- Cook Medical Inc.
- Stening SRL
- Biakcilar AS
- Troge Medical GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tracheostomy Market - By Type
1.3.2 Tracheostomy Market - By Technique
1.3.3 Tracheostomy Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TRACHEOSTOMY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TRACHEOSTOMY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRACHEOSTOMY MARKET - GLOBAL MARKET ANALYSIS
6.1. TRACHEOSTOMY - GLOBAL MARKET OVERVIEW
6.2. TRACHEOSTOMY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. TRACHEOSTOMY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRACHEOSTOMY TUBES
7.3.1. Overview
7.3.2. Tracheostomy Tubes Market Forecast and Analysis
7.4. TRACHEOSTOMY VENTILATION ACCESSORIES
7.4.1. Overview
7.4.2. Tracheostomy Ventilation Accessories Market Forecast and Analysis
7.5. TRACHEOSTOMY CLEAN AND CARE KITS
7.5.1. Overview
7.5.2. Tracheostomy Clean and Care Kits Market Forecast and Analysis
7.6. OTHER ACCESSORIES
7.6.1. Overview
7.6.2. Other Accessories Market Forecast and Analysis
8. TRACHEOSTOMY MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. SURGICAL TRACHEOSTOMY
8.3.1. Overview
8.3.2. Surgical Tracheostomy Market Forecast and Analysis
8.4. PERCUTANEOUS DILATATIONAL TRACHEOSTOMY
8.4.1. Overview
8.4.2. Percutaneous Dilatational Tracheostomy Market Forecast and Analysis
9. TRACHEOSTOMY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tracheostomy Market Overview
9.1.2 North America Tracheostomy Market Forecasts and Analysis
9.1.3 North America Tracheostomy Market Forecasts and Analysis - By Type
9.1.4 North America Tracheostomy Market Forecasts and Analysis - By Technique
9.1.5 North America Tracheostomy Market Forecasts and Analysis - By Countries
9.1.5.1 United States Tracheostomy Market
9.1.5.1.1 United States Tracheostomy Market by Type
9.1.5.1.2 United States Tracheostomy Market by Technique
9.1.5.2 Canada Tracheostomy Market
9.1.5.2.1 Canada Tracheostomy Market by Type
9.1.5.2.2 Canada Tracheostomy Market by Technique
9.1.5.3 Mexico Tracheostomy Market
9.1.5.3.1 Mexico Tracheostomy Market by Type
9.1.5.3.2 Mexico Tracheostomy Market by Technique
9.2. EUROPE
9.2.1 Europe Tracheostomy Market Overview
9.2.2 Europe Tracheostomy Market Forecasts and Analysis
9.2.3 Europe Tracheostomy Market Forecasts and Analysis - By Type
9.2.4 Europe Tracheostomy Market Forecasts and Analysis - By Technique
9.2.5 Europe Tracheostomy Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tracheostomy Market
9.2.5.1.1 Germany Tracheostomy Market by Type
9.2.5.1.2 Germany Tracheostomy Market by Technique
9.2.5.2 France Tracheostomy Market
9.2.5.2.1 France Tracheostomy Market by Type
9.2.5.2.2 France Tracheostomy Market by Technique
9.2.5.3 Italy Tracheostomy Market
9.2.5.3.1 Italy Tracheostomy Market by Type
9.2.5.3.2 Italy Tracheostomy Market by Technique
9.2.5.4 Spain Tracheostomy Market
9.2.5.4.1 Spain Tracheostomy Market by Type
9.2.5.4.2 Spain Tracheostomy Market by Technique
9.2.5.5 United Kingdom Tracheostomy Market
9.2.5.5.1 United Kingdom Tracheostomy Market by Type
9.2.5.5.2 United Kingdom Tracheostomy Market by Technique
9.2.5.6 Rest of Europe Tracheostomy Market
9.2.5.6.1 Rest of Europe Tracheostomy Market by Type
9.2.5.6.2 Rest of Europe Tracheostomy Market by Technique
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tracheostomy Market Overview
9.3.2 Asia-Pacific Tracheostomy Market Forecasts and Analysis
9.3.3 Asia-Pacific Tracheostomy Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Tracheostomy Market Forecasts and Analysis - By Technique
9.3.5 Asia-Pacific Tracheostomy Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tracheostomy Market
9.3.5.1.1 Australia Tracheostomy Market by Type
9.3.5.1.2 Australia Tracheostomy Market by Technique
9.3.5.2 China Tracheostomy Market
9.3.5.2.1 China Tracheostomy Market by Type
9.3.5.2.2 China Tracheostomy Market by Technique
9.3.5.3 India Tracheostomy Market
9.3.5.3.1 India Tracheostomy Market by Type
9.3.5.3.2 India Tracheostomy Market by Technique
9.3.5.4 Japan Tracheostomy Market
9.3.5.4.1 Japan Tracheostomy Market by Type
9.3.5.4.2 Japan Tracheostomy Market by Technique
9.3.5.5 South Korea Tracheostomy Market
9.3.5.5.1 South Korea Tracheostomy Market by Type
9.3.5.5.2 South Korea Tracheostomy Market by Technique
9.3.5.6 Rest of Asia-Pacific Tracheostomy Market
9.3.5.6.1 Rest of Asia-Pacific Tracheostomy Market by Type
9.3.5.6.2 Rest of Asia-Pacific Tracheostomy Market by Technique
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tracheostomy Market Overview
9.4.2 Middle East and Africa Tracheostomy Market Forecasts and Analysis
9.4.3 Middle East and Africa Tracheostomy Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Tracheostomy Market Forecasts and Analysis - By Technique
9.4.5 Middle East and Africa Tracheostomy Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tracheostomy Market
9.4.5.1.1 South Africa Tracheostomy Market by Type
9.4.5.1.2 South Africa Tracheostomy Market by Technique
9.4.5.2 Saudi Arabia Tracheostomy Market
9.4.5.2.1 Saudi Arabia Tracheostomy Market by Type
9.4.5.2.2 Saudi Arabia Tracheostomy Market by Technique
9.4.5.3 U.A.E Tracheostomy Market
9.4.5.3.1 U.A.E Tracheostomy Market by Type
9.4.5.3.2 U.A.E Tracheostomy Market by Technique
9.4.5.4 Rest of Middle East and Africa Tracheostomy Market
9.4.5.4.1 Rest of Middle East and Africa Tracheostomy Market by Type
9.4.5.4.2 Rest of Middle East and Africa Tracheostomy Market by Technique
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tracheostomy Market Overview
9.5.2 South and Central America Tracheostomy Market Forecasts and Analysis
9.5.3 South and Central America Tracheostomy Market Forecasts and Analysis - By Type
9.5.4 South and Central America Tracheostomy Market Forecasts and Analysis - By Technique
9.5.5 South and Central America Tracheostomy Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tracheostomy Market
9.5.5.1.1 Brazil Tracheostomy Market by Type
9.5.5.1.2 Brazil Tracheostomy Market by Technique
9.5.5.2 Argentina Tracheostomy Market
9.5.5.2.1 Argentina Tracheostomy Market by Type
9.5.5.2.2 Argentina Tracheostomy Market by Technique
9.5.5.3 Rest of South and Central America Tracheostomy Market
9.5.5.3.1 Rest of South and Central America Tracheostomy Market by Type
9.5.5.3.2 Rest of South and Central America Tracheostomy Market by Technique
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TRACHEOSTOMY MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SMITHS GROUP PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TRACOE MEDICAL GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TELEFLEX INCORPORATED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FISHER AND PAYKEL HEALTHCARE LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CONVATEC GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Medtronic Plc
- Smiths Group Plc
- TRACOE Medical Gmbh
- Teleflex Incorporated
- FisHealthcareykel healthcare Ltd
- Convatec Group
- Cook Medical Inc.
- Stening SRL
- Biakcilar AS
- Troge Medical GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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