The global tracheostomy products market size is expected to reach USD 305.1 Million in 2032 and register a steady revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Availability of medical reimbursement and insurance coverage is a major factor driving market revenue growth. Tracheostomy is a surgical procedure that involves making an incision on anterior aspect of neck and opening a direct airway through that incision. For instance, supplies for tracheostomies are covered under Medicare's Prosthetic Benefit. Medicare will pay for a beginning kit for tracheostomy care or cleaning (A4625), following an open surgical tracheostomy. In addition, advancements in technology is another factor driving market revenue growth. For instance, a modular mini-robotic device with robotic needling technology to enhance the present percutaneous dilatational tracheostomy treatments and lower risk of infection for medical personnel in the infectious illness unit is currently in development. This would provide accurate access to t cervical trachea.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Tracheostomy Products market include:
Medtronic, Smiths Group plc, TRACOE medical GmbH, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Andreas Fahl Medizintechnik–Vertrieb GmbH, Boston Medical Products Inc., Convatec Group PLC, Cook Group, and Fuji Systems
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Tracheostomy Products market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Tracheostomy Products Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Tracheostomy Products Market Segmentation:
-
Type Outlook (Revenue, USD Million; 2019–2032)
- Tracheostomy Tubes
- Double-Lumen Tubes
- Cuffed Tubes
- Uncuffed Tubes
- Single-Lumen Tubes
- Fenestrated Tubes
- Adjustable-Flange Tubes
- Ventilation Accessories
- Clean & Care Kits
- Others
- Tracheostomy Tubes
-
Technique Outlook (Revenue, USD Million; 2019–2032)
- Percutaneous Dilatational Tracheostomy
- Ciaglia Blue Rhino Tracheostomy
- Ciaglia Tracheostomy
- Schachner/Rapitrac Tracheostomy
- Griggs Tracheostomy
- Fantoni Translaryngeal Tracheostomy
- Percutwist Tracheostomy
- Surgical Tracheostomy
- Percutaneous Dilatational Tracheostomy
-
End-Use Outlook (Revenue, USD Million; 2019–2032)
- Hospitals & Surgery Centers
- Ambulatory Care Centers
- Home Care Settings
- Research Laboratories & Academic Institutes
Tracheostomy Products Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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