Tracheostomy Market Report, Analysis, Opportunities by 2031
The tracheostomy market size is projected to reach US$ 1,263.65 million by 2031 from US$ 782.91 million in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. Technological advancements in tracheostomy devices and procedures are likely to act as a future trend in the market.
Tracheostomy Market Analysis
Enhanced utilization of tracheostomy products in emergency medical services (EMS) further proves the product’s importance in helping healthcare professionals treat critical conditions. This is because the application of rapid airway management protocols enhances the training requirement of EMS providers for performing the procedure where appropriate, particularly during heavy trauma or when conventional intubation fails. As a result, EMS is increasingly utilizing tracheostomy products, thereby encouraging better patient outcomes during critical situations.
Tracheostomy Market Overview
Many patients are now seeking sustained ventilation support; this is because chronic respiratory conditions or neuromuscular disorders have forcefully made them reach out for long-term support in their homes. A few of the latest tracheostomy products, such as portable ventilators or humidification systems, have been created specifically for home use—appearing more accessible and easier to manage. These factors contribute to a growing trend toward using tracheostomy products in home healthcare settings, enhancing patient independence and improving overall quality of patient’s life.
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Tracheostomy Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Tracheostomy Market: Strategic Insights
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TracheostomyMarket Drivers and Opportunities
Increasing Prevalence of Respiratory Diseases Fuels Market Growth
Advanced stages in conditions such as lung cancer, asthma, and chronic obstructive pulmonary disease (COPD) often require tracheostomy procedures for ventilation support. In addition, severe cases of infectious diseases such as tuberculosis, pneumonia, and influenza lead to respiratory failure, thereby increasing the need for tracheostomy. Critically ill patients suffering from COVID-19 infection require ventilation supported by tracheostomy. As per the World Cancer Research Fund International, in 2023, lung cancer became the most common type of cancer worldwide. In 2022, there were 2,480,675 new cases of lung cancer.
Global Incidence of Lung Cancer, 2022
Rank | Country | Number of Lung Cancer Cases | Number of Lung Cancer Deaths |
1 | China | 1060,584 | 733,291 |
2 | US | 226,033 | 127,653 |
3 | Japan | 136,723 | 83,243 |
4 | India | 81,748 | 75,031 |
5 | Russian Federation | 70,362 | 51,887 |
6 | Germany | 62,025 | 47,731 |
7 | UK | 50,700 | 35 394 |
8 | France (Metropolitan) | 49,613 | 36,876 |
9 | Brazil | 44,213 | 38,292 |
10 | Italy | 43,808 | 35,668 |
Source: World Cancer Research Fund International, WHO.
As per the American Lung Association, in 2022, ~11.7 million people, or 4.6% of adults, reported a diagnosis of chronic obstructive pulmonary disease (COPD), including chronic bronchitis or emphysema. In addition, as per the World Health Organization (WHO), in 2022, approximately 10.6 million (5.8 million men, 3.5 million women, and 1.3 million children) patients were suffering from tuberculosis. Thus, the increasing prevalence of respiratory diseases creates a burden on healthcare systems, thereby bolstering the demand for tracheostomy treatments.
Growing Number of Initiatives and Awareness Programs to Offer Opportunities for Market
A few government initiatives are focused on improving accessibility and promoting innovation in the field of tracheostomy. For instance, the Global Tracheostomy Collaborative (GTC) is a quality improvement collaborative that offers the best tracheostomy care across the globe and helps staff, managers, patients, and their families rapidly implement the best practices into healthcare settings. This collaboration aims to work together to enhance the care, safety, and quality of life of patients undergoing tracheostomy. The 8th International Symposium by GTC will be conducted in November 2024 and will focus on delivering safe, effective tracheostomy care on a global scale, achieved through data-driven innovations of interprofessional teams of physicians, nurses, respiratory therapists, speech therapists, patients, and families.
Further, Global Tracheostomy Tube Awareness Week was conducted from May 15–21, 2022, by the Tracheostomy Education Institution. The campaign aimed at increasing awareness about individuals with tracheostomy among their families and caregivers across the globe. In addition, the Joint Faculty of Intensive Care Medicine of Ireland conducted National Critical Care Tracheostomy Day on January 17, 2024, which aimed to provide education on multidisciplinary care, best practices, and insights from experts in the field of tracheostomy.
Thus, the increasing number of initiatives and awareness programs associated with tracheostomy is likely to create lucrative opportunities for the tracheostomy market growth during the forecast period.
TracheostomyMarket Report Segmentation Analysis
Key segments that contributed to the derivation of the tracheostomy market analysis are type, technique, and end user.
- 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 share of the market in 2023.
- By technique, the market is bifurcated into surgical tracheostomy and percutaneous dilatational tracheostomy. The surgical tracheostomy segment held a larger share of the market in 2023.
- 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.
Tracheostomy Market Share Analysis by Geography
The geographic scope of the tracheostomy market report is mainly divided into five regions: North America, Asia Pacific, Europe, South & Central America, and the Middle East & Africa. In terms of revenue, North America dominated the market in 2023. The US is the largest and fastest-growing market for tracheostomy. A tracheostomy is a medical surgery in which the airway is directly accessed by creating a hole in the front of the neck into the trachea. It is frequently carried out in situations involving airway obstruction, respiratory failure, trauma, or extended mechanical ventilation. An article in Critical Care Medicine 2020 states that ~100,000 tracheostomies are performed in the US each year. Government activities aimed at addressing the product shortage are expected to generate growth opportunities for the market in the near future. The US Food and Drug Administration (FDA) informed patients, caregivers, and healthcare providers in October 2022 that there was a shortage of tracheostomy tubes, particularly ICU Medical's Bivona tracheostomy tubes. Pediatric patients were more likely to be affected by a Bivona tracheostomy tube scarcity since there were not as many substitute tubes available with comparable functioning.
Tracheostomy Market Report Scope
Tracheostomy Market News and Recent Developments
The tracheostomy market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A key development in the tracheostomy market is listed below:
- The US Food and Drug Administration recalled certain tubes made by a unit of ICU Medical under the Bivona brand due to manufacturing defects that might cause the device's securement flange to tear. (Source: ICU Medical, Company Website, September 2024)
Tracheostomy Market Report Coverage and Deliverables
The "Tracheostomy Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Tracheostomy market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Tracheostomy market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Tracheostomy market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tracheostomy market
- Detailed company profiles
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.
Frequently Asked Questions
The market is expected to register a CAGR of 6.2% during 2023–2031.
The tracheostomy market value is expected to reach US$ 1,263.65 million by 2031.
Technological advancements in tracheostomy devices and procedures are expected to emerge as a prime trend in the market in the coming years.
Medtronic Plc, ICU Medical Inc, Coloplast Corp, Fisher & Paykel Healthcare Corp Ltd, Teleflex Inc, Cook Medical Holdings LLC, Troge Medical GmbH, Fuji Systems Corp, Andreas Fahl Medizintechnik-Vertrieb GmbH, Medis Medical (Tianjin) Company Ltd, Boston Medical Products, Well Lead Medical Co. Ltd., Intersurgical Ltd, KAPITEX Healthcare Ltd, VBM Medizintechnik GmbH, SunMed Group Holdings LLC, AdvaCare Pharma USA LLC, and Angiplast Private Limited are among the key players operating in the market.
The increasing prevalence of respiratory diseases and the growing geriatric population are among the most significant factors fueling the market growth.
North America dominated the market in 2023.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Tracheostomy Market Landscape
4.1 Overview
4.2 PEST Analysis
5. Tracheostomy Market – Key Market Dynamics
5.1 Tracheostomy Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Prevalence of Respiratory Diseases
5.2.2 Growing Geriatric Population
5.3 Market Restraints
5.3.1 Complications Associated with Tracheostomy
5.4 Market Opportunities
5.4.1 Growing Number of Initiatives and Awareness Programs
5.5 Future Trends
5.5.1 Technological Advancements in Tracheostomy Devices and Procedures
5.6 Impact of Drivers and Restraints:
6. Tracheostomy Market – Global Market Analysis
6.1 Tracheostomy Market Revenue (US$ Million), 2021–2031
6.2 Tracheostomy Market Forecast Analysis
7. Tracheostomy Market Analysis – by Type
7.1 Tracheostomy Tubes
7.1.1 Overview
7.1.2 Tracheostomy Tubes: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Tracheostomy Ventilation Accessories
7.2.1 Overview
7.2.2 Tracheostomy Ventilation Accessories: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Other Accessories
7.3.1 Overview
7.3.2 Other Accessories: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Tracheostomy Clean and Care Kits
7.4.1 Overview
7.4.2 Tracheostomy Clean and Care Kits: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
8. Tracheostomy Market Analysis – by Technique
8.1 Surgical Tracheostomy
8.1.1 Overview
8.1.2 Surgical Tracheostomy: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Percutaneous Dilatational Tracheostomy
8.2.1 Overview
8.2.2 Percutaneous Dilatational Tracheostomy: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
9. Tracheostomy Market Analysis – by End User
9.1 Hospitals and Surgery Centers
9.1.1 Overview
9.1.2 Hospitals and Surgery Centers: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Ambulatory Care Centers
9.2.1 Overview
9.2.2 Ambulatory Care Centers: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Home Care Settings
9.3.1 Overview
9.3.2 Home Care Settings: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Research Laboratories and Academic Institutes
9.4.1 Overview
9.4.2 Research Laboratories and Academic Institutes: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10. Tracheostomy Market – Geographical Analysis
10.1 North America
10.1.1 North America Tracheostomy Market Overview
10.1.2 North America: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.1 North America: Tracheostomy Market – Revenue and Forecast Analysis – by Type
10.1.2.2 North America: Tracheostomy Market – Revenue and Forecast Analysis – by Technique
10.1.2.3 North America: Tracheostomy Market – Revenue and Forecast Analysis – by End User
10.1.3 North America: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.1.3.1 United States: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.1.1 United States: Tracheostomy Market Breakdown, by Type
10.1.3.1.2 United States: Tracheostomy Market Breakdown, by Technique
10.1.3.1.3 United States: Tracheostomy Market Breakdown, by End User
10.1.3.2 Canada: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.2.1 Canada: Tracheostomy Market Breakdown, by Type
10.1.3.2.2 Canada: Tracheostomy Market Breakdown, by Technique
10.1.3.2.3 Canada: Tracheostomy Market Breakdown, by End User
10.1.3.3 Mexico: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.3.1 Mexico: Tracheostomy Market Breakdown, by Type
10.1.3.3.2 Mexico: Tracheostomy Market Breakdown, by Technique
10.1.3.3.3 Mexico: Tracheostomy Market Breakdown, by End User
10.2 Europe
10.2.1 Europe Tracheostomy Market Overview
10.2.2 Europe: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.1 Europe: Tracheostomy Market – Revenue and Forecast Analysis – by Type
10.2.2.2 Europe: Tracheostomy Market – Revenue and Forecast Analysis – by Technique
10.2.2.3 Europe: Tracheostomy Market – Revenue and Forecast Analysis – by End User
10.2.3 Europe: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.2.3.1 Germany: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.1.1 Germany: Tracheostomy Market Breakdown, by Type
10.2.3.1.2 Germany: Tracheostomy Market Breakdown, by Technique
10.2.3.1.3 Germany: Tracheostomy Market Breakdown, by End User
10.2.3.2 France: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.2.1 France: Tracheostomy Market Breakdown, by Type
10.2.3.2.2 France: Tracheostomy Market Breakdown, by Technique
10.2.3.2.3 France: Tracheostomy Market Breakdown, by End User
10.2.3.3 United Kingdom: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.3.1 United Kingdom: Tracheostomy Market Breakdown, by Type
10.2.3.3.2 United Kingdom: Tracheostomy Market Breakdown, by Technique
10.2.3.3.3 United Kingdom: Tracheostomy Market Breakdown, by End User
10.2.3.4 Italy: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.4.1 Italy: Tracheostomy Market Breakdown, by Type
10.2.3.4.2 Italy: Tracheostomy Market Breakdown, by Technique
10.2.3.4.3 Italy: Tracheostomy Market Breakdown, by End User
10.2.3.5 Spain: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.5.1 Spain: Tracheostomy Market Breakdown, by Type
10.2.3.5.2 Spain: Tracheostomy Market Breakdown, by Technique
10.2.3.5.3 Spain: Tracheostomy Market Breakdown, by End User
10.2.3.6 Rest of Europe: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.6.1 Rest of Europe: Tracheostomy Market Breakdown, by Type
10.2.3.6.2 Rest of Europe: Tracheostomy Market Breakdown, by Technique
10.2.3.6.3 Rest of Europe: Tracheostomy Market Breakdown, by End User
10.3 Asia Pacific
10.3.1 Asia Pacific Tracheostomy Market Overview
10.3.2 Asia Pacific: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.1 Asia Pacific: Tracheostomy Market – Revenue and Forecast Analysis – by Type
10.3.2.2 Asia Pacific: Tracheostomy Market – Revenue and Forecast Analysis – by Technique
10.3.2.3 Asia Pacific: Tracheostomy Market – Revenue and Forecast Analysis – by End User
10.3.3 Asia Pacific: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.3.3.1 China: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.1.1 China: Tracheostomy Market Breakdown, by Type
10.3.3.1.2 China: Tracheostomy Market Breakdown, by Technique
10.3.3.1.3 China: Tracheostomy Market Breakdown, by End User
10.3.3.2 Japan: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.2.1 Japan: Tracheostomy Market Breakdown, by Type
10.3.3.2.2 Japan: Tracheostomy Market Breakdown, by Technique
10.3.3.2.3 Japan: Tracheostomy Market Breakdown, by End User
10.3.3.3 India: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.3.1 India: Tracheostomy Market Breakdown, by Type
10.3.3.3.2 India: Tracheostomy Market Breakdown, by Technique
10.3.3.3.3 India: Tracheostomy Market Breakdown, by End User
10.3.3.4 Australia: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.4.1 Australia: Tracheostomy Market Breakdown, by Type
10.3.3.4.2 Australia: Tracheostomy Market Breakdown, by Technique
10.3.3.4.3 Australia: Tracheostomy Market Breakdown, by End User
10.3.3.5 South Korea: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.5.1 South Korea: Tracheostomy Market Breakdown, by Type
10.3.3.5.2 South Korea: Tracheostomy Market Breakdown, by Technique
10.3.3.5.3 South Korea: Tracheostomy Market Breakdown, by End User
10.3.3.6 Rest of APAC: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.6.1 Rest of APAC: Tracheostomy Market Breakdown, by Type
10.3.3.6.2 Rest of APAC: Tracheostomy Market Breakdown, by Technique
10.3.3.6.3 Rest of APAC: Tracheostomy Market Breakdown, by End User
10.4 Middle East and Africa
10.4.1 Middle East and Africa Tracheostomy Market Overview
10.4.2 Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.1 Middle East and Africa: Tracheostomy Market – Revenue and Forecast Analysis – by Type
10.4.2.2 Middle East and Africa: Tracheostomy Market – Revenue and Forecast Analysis – by Technique
10.4.2.3 Middle East and Africa: Tracheostomy Market – Revenue and Forecast Analysis – by End User
10.4.3 Middle East and Africa: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.4.3.1 Middle East and Africa: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.4.3.2 Saudi Arabia: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.2.1 Saudi Arabia: Tracheostomy Market Breakdown, by Type
10.4.3.2.2 Saudi Arabia: Tracheostomy Market Breakdown, by Technique
10.4.3.2.3 Saudi Arabia: Tracheostomy Market Breakdown, by End User
10.4.3.3 South Africa: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.3.1 South Africa: Tracheostomy Market Breakdown, by Type
10.4.3.3.2 South Africa: Tracheostomy Market Breakdown, by Technique
10.4.3.3.3 South Africa: Tracheostomy Market Breakdown, by End User
10.4.3.4 United Arab Emirates: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.4.1 United Arab Emirates: Tracheostomy Market Breakdown, by Type
10.4.3.4.2 United Arab Emirates: Tracheostomy Market Breakdown, by Technique
10.4.3.4.3 United Arab Emirates: Tracheostomy Market Breakdown, by End User
10.4.3.5 Rest of Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.5.1 Rest of Middle East and Africa: Tracheostomy Market Breakdown, by Type
10.4.3.5.2 Rest of Middle East and Africa: Tracheostomy Market Breakdown, by Technique
10.4.3.5.3 Rest of Middle East and Africa: Tracheostomy Market Breakdown, by End User
10.5 South and Central America
10.5.1 South and Central America Tracheostomy Market Overview
10.5.2 South and Central America: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.1 South and Central America: Tracheostomy Market – Revenue and Forecast Analysis – by Type
10.5.2.2 South and Central America: Tracheostomy Market – Revenue and Forecast Analysis – by Technique
10.5.2.3 South and Central America: Tracheostomy Market – Revenue and Forecast Analysis – by End User
10.5.3 South and Central America: Tracheostomy Market – Revenue and Forecast Analysis – by Country
10.5.3.1 Brazil: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.1.1 Brazil: Tracheostomy Market Breakdown, by Type
10.5.3.1.2 Brazil: Tracheostomy Market Breakdown, by Technique
10.5.3.1.3 Brazil: Tracheostomy Market Breakdown, by End User
10.5.3.2 Argentina: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.2.1 Argentina: Tracheostomy Market Breakdown, by Type
10.5.3.2.2 Argentina: Tracheostomy Market Breakdown, by Technique
10.5.3.2.3 Argentina: Tracheostomy Market Breakdown, by End User
10.5.3.3 Rest of South and Central America: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.3.1 Rest of South and Central America: Tracheostomy Market Breakdown, by Type
10.5.3.3.2 Rest of South and Central America: Tracheostomy Market Breakdown, by Technique
10.5.3.3.3 Rest of South and Central America: Tracheostomy Market Breakdown, by End User
11. Tracheostomy Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in Tracheostomy Market
11.3 Organic Growth Strategies
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Medtronic Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ICU Medical Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Coloplast Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Fisher & Paykel Healthcare Corp Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Teleflex Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Cook Medical Holdings LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Troge Medical GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Fuji Systems Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Andreas Fahl Medizintechnik-Vertrieb GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tianjin Medis Medical Device Co. Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Boston Medical Products Inc
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Well Lead Medical Co. Ltd.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Intersurgical Ltd
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Kapitex Healthcare Limited
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
12.15 VBM Medizintechnik GmbH
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Products and Services
12.15.4 Financial Overview
12.15.5 SWOT Analysis
12.15.6 Key Developments
12.16 SunMed Group Holdings LLC ( AirLife)
12.16.1 Key Facts
12.16.2 Business Description
12.16.3 Products and Services
12.16.4 Financial Overview
12.16.5 SWOT Analysis
12.16.6 Key Developments
12.17 AdvaCare Pharma USA LLC
12.17.1 Key Facts
12.17.2 Business Description
12.17.3 Products and Services
12.17.4 Financial Overview
12.17.5 SWOT Analysis
12.17.6 Key Developments
12.18 Angiplast
12.18.1 Key Facts
12.18.2 Business Description
12.18.3 Products and Services
12.18.4 Financial Overview
12.18.5 SWOT Analysis
12.18.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms for Tracheostomy Market
List of Tables
Table 1. Tracheostomy Market Segmentation
Table 2. Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million) – by Technique
Table 3. Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 4. North America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 5. North America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 6. North America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 7. United States: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 8. United States: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 9. United States: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 10. Canada: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 11. Canada: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 12. Canada: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 13. Mexico: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 14. Mexico: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 15. Mexico: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 16. Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 17. Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 18. Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 19. Germany: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 20. Germany: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 21. Germany: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 22. France: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 23. France: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 24. France: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 25. United Kingdom: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 26. United Kingdom: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 27. United Kingdom: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 28. Italy: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 29. Italy: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 30. Italy: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 31. Spain: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 32. Spain: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 33. Spain: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 34. Rest of Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 35. Rest of Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 36. Rest of Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 37. Asia Pacific: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 38. Asia Pacific: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 39. Asia Pacific: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 40. China: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 41. China: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 42. China: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 43. Japan: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 44. Japan: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 45. Japan: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 46. India: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 47. India: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 48. India: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Australia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 50. Australia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 51. Australia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 52. South Korea: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 53. South Korea: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 54. South Korea: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 55. Rest of APAC: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 56. Rest of APAC: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 57. Rest of APAC: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 58. Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 59. Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 60. Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 61. Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 62. Saudi Arabia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 63. Saudi Arabia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 64. Saudi Arabia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 65. South Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 66. South Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 67. South Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 68. United Arab Emirates: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 69. United Arab Emirates: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 70. United Arab Emirates: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 71. Rest of Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 72. Rest of Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 73. Rest of Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 75. South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 76. South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 77. Brazil: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 78. Brazil: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 79. Brazil: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 80. Argentina: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 81. Argentina: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 82. Argentina: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 83. Rest of South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 84. Rest of South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by Technique
Table 85. Rest of South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 86. Recent Organic Growth Strategies in Tracheostomy Market
Table 87. Recent Inorganic Growth Strategies in the Tracheostomy Market
Table 88. Glossary of Terms
List of Figures
Figure 1. Tracheostomy Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Global Incidence of Lung Cancer, 2022
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Tracheostomy Market Revenue (US$ Million), 2021–2031
Figure 6. Tracheostomy Market Share (%) – by Type (2023 and 2031)
Figure 7. Tracheostomy Tubes: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Tracheostomy Ventilation Accessories: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Other Accessories: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Tracheostomy Clean and Care Kits: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Tracheostomy Market Share (%) – by Technique (2023 and 2031)
Figure 12. Surgical Tracheostomy: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Percutaneous Dilatational Tracheostomy: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Tracheostomy Market Share (%) – by End User (2023 and 2031)
Figure 15. Hospitals and Surgery Centers: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Ambulatory Care Centers: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Home Care Settings: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Research Laboratories and Academic Institutes: Tracheostomy Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. North America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. North America: Tracheostomy Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 21. United States: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Canada: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Mexico: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Tracheostomy Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. Germany: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. France: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. United Kingdom: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Italy: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Spain: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Rest of Europe: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Asia Pacific: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Asia Pacific: Tracheostomy Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 34. China: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Japan: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. India: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Australia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. South Korea: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Rest of APAC: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Middle East and Africa: Tracheostomy Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. Saudi Arabia: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. South Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. United Arab Emirates: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Rest of Middle East and Africa: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. South and Central America: Tracheostomy Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 48. Brazil: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Argentina: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Rest of South and Central America: Tracheostomy Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Growth Strategies in Tracheostomy Market
The List of Companies - Tracheostomy Market
- Medtronic Plc
- ICU Medical Inc
- Coloplast Corp
- Fisher & Paykel Healthcare Corp Ltd
- Teleflex Inc
- Cook Medical Holdings LLC
- Troge Medical GmbH
- Fuji Systems Corp
- Andreas Fahl Medizintechnik-Vertrieb GmbH
- Medis Medical (Tianjin) Company Ltd
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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