Market
Scenario:
Tracheostomy is a surgical procedure of creating an incision
on the neck for direct access to the trachea so that a tub can be inserted into
the windpipe to aid breathing. The tube is sometimes inserted to remove any built-up
fluid in the throat and windpipe and connected to a ventilator. Tracheostomy is one of the most commonly performed
procedures in ICUs. It is performed
on patients with neck injuries, chronic lung diseases, neck cancer, vocal cord
paralysis, etc. Tracheostomy is also used in the treatment of severe obstructive sleep apnea, patients suffering
from long-term coma or unconscious
patients. Tracheostomy products are used to allow the administration of
positive pressure ventilation and to provide a palpable
airway to patients suffering from airway
obstruction. Rising incidences of throat cancer, laryngeal and hypopharyngeal cancer, severe facial trauma,
tumors of the head and neck is driving
the market for tracheostomy products. Sedentary lifestyle, increased consumption
of tobacco and alcohol, a diet rich in
sugar and fat contribute to the incidences of cancer and other chronic disease which spur the market for
tracheostomy products.
The market for
tracheostomy products is further propelled
by the rise in number of bed-ridden
geriatric population, patients in ventilator care and ICU patients.
Additionally, technological advancement in tracheostomy procedures, the overall growth of the healthcare sector,
R&D activities, rise in demand for home care
services rising adoption of tracheostomy procedures in the healthcare sector is expected to boost the market. Growing product awareness, the rise in popularity of medical tourism are other
factors. Development of advanced polymer tracheostomy tubes, which require less
care and have fewer chances of infections have also aided in market expansion.
However, the market growth may be
restrained by procedural
complications which are accompanied by tracheostomy such as bleeding, damage to
the food pipe and trachea, narrowing of the trachea, formation of abnormal
tissue in the trachea, displacement of the tracheostomy tube, etc. Lack of awareness regarding such treatment
options and high costs associated with tracheostomy too are likely to restrict
the market growth. Considering all these factors,
the global tracheostomy products market is expected to expand at a CAGR of 2.3%
and reach USD 3 Billion by the end of the forecast period 2017-2023, reveals a
study by Market Research Future (MRFR).
Key
players
·
Medtronic
·
Smiths
Medical
·
Teleflex
·
Cook
Medical
·
Fisher
& Paykel Healthcare
·
TROGE
Medical
·
Tuoren
Medical
·
TRACOE
Medical
·
Biçakcilar
·
Fuji
Systems
Segments:
The
global tracheostomy products market is segmented on the basis of product type.
Based on the product type, the market has been segmented as tracheostomy tubes,
cannula, tracheostomy ventilation accessories, tracheostomy clean and care kits
and others. Based on the material, the market has been segmented as polymer,
silicone and others. Based on the end users, the market has been segmented as
hospitals and home.
Regional analysis
Regional analysis
US
accounts for the maximum market share due to favorable reimbursement scenario
and greater expenditure on healthcare. Europe is the second largest market due
to large disposable income and presence of large hospitals. Asia pacific region
will be the fastest region because of large unmet needs which will be led by
China and India. The Middle East and Africa market will be led by the gulf
nations particularly Saudi Arabia and UAE. The poor regions of Africa is
expected to be a laggard due to poor economic and political conditions.
Detailed Table
of Contents:
Table Of Contents
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
About US:
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