Tracheostomy Tube Market

Global Tracheostomy Tube Market Size (2023 to 2028)

As per our report, the global tracheostomy tube market is estimated to grow at a CAGR of 5.1% from 2023 to 2028. As a result, the market size is expected to reach USD 4.87 billion by 2028 from USD 3.8 billion in 2023.

Global Tracheostomy Tube Market Share Insights:

• Based on type, the silicon rubber segment dominated the tracheostomy tube market in 2022.
• Based on the application, the emergency treatment segment led the market in 2022.
• The North American tracheostomy tube market held the major share of the worldwide market in 2022.
• The tracheostomy tube market in Europe accounted for a notable share of the worldwide market in 2022. 

Tracheostomy is used for neck cancer, neck, and chronic lung diseases, long-term ventilator support, and vocal cord paralysis. The inner cannula, outer cannula with flange (neck plate), and obturator are the three components of a typical tracheostomy tube. A tracheostomy tube is a small, curved tube used for tracheostomy. The surgeon makes a tiny incision in the trachea and inserts the tube. This tiny incision aids the surgeon in establishing respiration in the patient by allowing air to pass through during surgery. Tracheostomy operations and, as a result, tracheostomy tubes have become common in surgical procedures. Tracheostomy can be a temporary or permanent surgery.

MARKET DRIVERS:

The growing population suffering from breathing problems due to the low quality of air, and smoking tobacco, particularly in developing countries, leads to the constant demand for mechanical ventilation, promoting the global tracheostomy tube market growth.

An estimated 0.3 million people in the United States are on mechanical ventilation every year. However, an increasing account of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), lung cancer, cystic fibrosis, sleep apnea, and occupational lung diseases is propelling the market growth. According to World Health Organization (WHO), an estimated 262 million people have asthma, and more than 3 million deaths occur due to COPD every year worldwide. According to the Asthma and Allergy Foundation of America, an estimated 11 people die from asthma every day in the United States, and 4145 mortalities happened in 2020.

The rise in demand for tracheostomy tubes due to the continually increasing number of surgeries further accelerates the market's growth rate.

Rising accounts of chronic respiratory diseases and a steadily increasing patient base due to a rise in tobacco smokers worldwide and low air quality in industrial cities are increasing demand for tracheostomy tubes and expanding growth opportunities in the market. In addition, intensive focus on initiatives from private and public organizations for developing new tracheostomy tubes due to immense healthcare advancements to meet the demand for mechanical ventilation is expected to create more growth opportunities for the market over the forecast period. 

Growing healthcare expenditure and rising economies of countries like India, China, the U.S., and Canada are expected to offer growth opportunities to the market participants. Furthermore, the launch of innovative, advanced, and design-specific ergonomically designed products by various market players is anticipated to create growth opportunities for the global tracheostomy tube market.

MARKET RESTRAINTS:

High costs associated with tracheostomy tubes significantly restrain the global tracheostomy tube market growth. In addition, unfavorable reimbursement policies are also limiting the development of the tracheostomy tube market. Therefore, constantly altering regulatory rules and procedures will likely determine the market's growth rate during the forecast period.

Impact of COVID-19 on the global tracheostomy tube market:

Globally, coronavirus disease (COVID-19) has been identified, putting a strain on healthcare systems. The cause of this highly infectious disease has been described as the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).

Due to COVID-19, tracheostomy care has faced severe challenges. Tracheostomy is considered an aerosol-producing process, and the demand for regulated practice for a tracheostomy tube change and care became essential. Tracheostomy in patients with COVID-19 needs effective decision-making and process planning. The tracheostomy process helps patients affected by COVID-19 who have been on ventilation for a very long time. The recovery rate has increased in patients who have undergone tracheostomy.

Since many SARS-CoV-2 patients need a tracheostomy, a standardized procedure for changing and caring for tracheostomy tubes is essential. The tracheostomy techniques are used to create a surgical airway in the trachea. A tracheostomy procedure is needed for various diseases, including difficulty breathing, neurological damage, and infectious or chronic airway diseases. COVID-19 has infected over 7 million people worldwide, resulting in over 400,000 confirmed deaths due to its high virulence through aerosol transmissions. Due to high aerosol generation, tracheostomized patients pose a significant infectious risk. During the current pandemic, preoperative COVID-19 monitoring is strongly recommended for all tracheostomy patients. Any disposable devices (suction catheters) that meet the tracheostomy tube or trachea must be disposed of properly. To reduce the risk of aerosol production and droplet exposure, the tracheostomy tube should be connected to an HME filter and protected by a surgical mask. A systematic tube change and treatment practice became necessary when more COVID-19-positive patients underwent tracheostomy.

Moreover, there is considerable indecision about the indication and timing of tracheostomy in the present pandemic. However, early tracheostomy is safe during COVID-19. In addition, tracheostomy reduces ICU or extended hospital stays and decreases pneumonia. All these factors propel the market demand to an extent in 2021 and during the forecast period.

REPORT COVERAGE:

This research report on the global tracheostomy tube market has been segmented and sub-segmented into the following categories.

Tracheostomy Tube Market - By Type:

• Silicone Rubber
• PVC

Based on type, the silicone rubber segment is predicted to account for the highest share in the global tracheostomy tube market during the forecast period owing to the factors such as stringent rules and regulations by the government regarding environmental safety measures, the growing usage of endotracheal for chronic respiratory diseases, motionless lifestyles.

Tracheostomy Tube Market - By Application:

• Emergency Treatment
• Therapy

Based on the application, the emergency treatment segment is projected to be the fastest-growing global tracheostomy tube market. The growing number of accidents and increasing requirements for instant surgeries, a growing number of surgical procedures, including cardiothoracic surgeries, are accelerating the growth of this segment. In addition, an improved healthcare system and an ever-increasing number of emergency visits, as many people are suffering from lung diseases and vocal cord paralysis, are likely to enhance the application segment globally.

Tracheostomy Tube Market - By Region:

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

Regionally, the North American tracheostomy tube market dominated the global market in 2022 due to the emergence of the latest technologies and procedures to treat throat cancer. As a result, the North American regional market accounted for a market share of 55% in the global market in 2020. Factors such as huge expenses per capita in healthcare, an enormous number of patients affected with respiratory diseases, and undergoing surgical procedures propel the region's market. Also, acceptable reimbursement policies in countries like the U.S. and Canada promote the market's demand. Moreover, quick acceptance of endotracheal tubes and vast applications of enlarging the incidence rate of chronic infections.

The Asia Pacific tracheostomy tube market and Europe tracheostomy tube market are investing heavily in healthcare centers, which is a key factor for the tracheostomy tube to have the largest share of the global market following North America. The Middle East and Africa are accounted for to have growth opportunities in the coming years. Europe is behind North America and is second in leading the market, holding 17.8% of the share in the Tracheostomy market. The increasing occurrence rate of chronic diseases and a growing number of surgical procedures yearly propels this region's growth. In addition, the rise in the aging population is prone to few chronic ailments, and increasing respiratory disease cases as increasing pollution in urban areas causes lung problems in many people and augmenting healthcare infrastructure boosts the market in this region.

Asia-Pacific is the quickest-growing regional market in the global tracheostomy tube market. The growth owes to the high patient count and a growing number of hospitals. India is predicted to hold a share of 17.87% in the tracheostomy tube products market. Growth in acquiring tracheostomy products in developing economies like China, India, Japan, and Singapore fuels market growth.

The tracheostomy tube market in Latin America is predicted to have steady growth over the forecast period. The appearance of advanced devices for respiratory disease medication and acceptance of the product approvals and their launches are stimulating the growth in the market during the estimated period. In addition, the increasing occurrence rate of laryngeal or throat cancer is driving tracheostomy products globally.

The tracheostomy tube market in the Middle East & Africa is anticipated to have limited growth due to escalating consciousness about the restricted access to and the availability of medication and surgeons in fewer amounts, which accelerates the market slowly over the historical period.

KEY MARKET PARTICIPANTS:

Some of the leading companies in the global tracheostomy tube market profiled in the report are Medtronic, Teleflex Medical, Smiths Medical, TRACOE Medical, ConvaTec, Fuji Systems, Sewoon Medical, Boston Medical, Well Lead, TuoRen, Pulmodyne, and others.

RECENT MARKET DEVELOPMENTS:

• Medtronic Plc collaborated with the Medical University of South Carolina (U.S.) in February 2019 to develop better and more cost-effective healthcare solutions for patients (including the tracheostomy technique for breathing assistance).
• Bicakcilar Medical formed a strategic collaboration with Aselsan in the healthcare sector in October 2018. This cooperation has enhanced the company's technical progress and product portfolio, resulting in higher revenues in the future. The focus is on localizing medical equipment and medical devices based on advanced technological platforms to increase healthcare accessibility, first locally and then internationally.