Tracheostomy Market
The increasing prevalence of respiratory diseases and the growing geriatric population are contributing to the tracheostomy market growth. 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.
Technological Advancements in Tracheostomy Devices and Procedures to Bring New Trends in Tracheostomy Market During Forecast Period
Technological advancements in tracheostomy devices and procedures are improving patient outcomes, safety, and the overall efficiency of tracheostomy management. A few tracheostomy tubes are made from advanced materials such as silicone and polyurethane, among others, which are more flexible, biocompatible, and less likely to cause irritation or tissue damage. For instance, Medtronic offers Shiley a flexible tracheostomy tube, a soft material made with a non-DEHP plasticizer. These materials reduce the risk of infection and improve patient comfort.
Cuffless tubes, or the ones with adjustable pressure cuffs, reduce 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. Tubes with coatings help in reducing complications associated with tracheostomies. For instance, ICU Medical’s Bivona Adult TTS Tracheostomy Tubes are covered with Superslick coating to minimize secretion encrustation for easier suctioning and cleaning. Such technological advancements are enhancing both the procedural aspects of tracheostomy as well as the long-term care and quality of life for patients, making the procedures safe, minimally invasive, and patient-friendly. Thus, technological advancements in tracheostomy devices and procedures are anticipated to bring new trends in the tracheostomy market in the coming years.
The geographic scope of the tracheostomy market report covers 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), 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). The market in North America is driven by factors such as an increase in demand for tracheostomy procedures, significant healthcare infrastructure, and early adoption of technological advancements. 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.
The need for tracheostomy treatments is on the rise due to an increase in the prevalence of chronic respiratory conditions such as asthma, obstructive sleep apnea, and chronic obstructive pulmonary disease (COPD). The Asthma Canada Annual Report 2021 states that over 850,000 children under the age of 14 have asthma, making it one of the most prevalent chronic illnesses in children and a significant contributor to hospitalization and absenteeism from school. Severe asthma, which affects an estimated 150,000–250,000 Canadians.
Improved training programs for medical professionals, such as doctors, nurses, and respiratory therapists, in carrying out and overseeing tracheostomy procedures increased the acceptance rate. Therefore, there is a growing understanding among medical professionals of the advantages of early tracheostomy in critically sick patients, which lowers difficulties related to ventilator use and enhances patient outcomes. Thus, the rising rates of respiratory illnesses and increasing awareness of tracheostomy advantages contribute to the market expansion.
The rising use of tracheostomy operations and devices is partly due to the private healthcare sector in Mexico, which frequently has access to more cutting-edge medical technologies than public facilities. For instance, tracheostomy penetration rates are higher in larger hospitals and specialty clinics in locations such as Guadalajara, Monterrey, and Mexico City. Moreover, the Mexican government has been putting healthcare reforms into effect with the goal of enhancing access to high-quality medical care, which might have a favorable impact on the availability of tracheostomy services across the nation. This plan includes growing critical care units and purchasing cutting-edge medical equipment.
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. By technique, the market is bifurcated into surgical tracheostomy and percutaneous dilatational tracheostomy. 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.
Tracheostomy Market: Competitive Landscape and Key Developments
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 prominent players profiled in the tracheostomy market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. These companies focus on geographic expansions and new product launches to meet the increasing demand from consumers worldwide and diversify their product range in specialty portfolios. Their global presence allows them to serve a large customer base, subsequently facilitating market expansion.
