Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC573
Introduction
Tracheostomy is a surgical procedure that creates an opening in the neck for direct access to the trachea. It is usually performed to treat cases of airway obstruction, secretion problems and inefficient oxygen delivery. The increasing incidence of throat, laryngeal and hypopharyngeal cancers, which drives the need for surgical interventions for airway management is driving the growth of tracheostomy market.
Market Dynamics
The market for tracheostomy would grow at a moderate rate due to factors such as huge demand for throat cancer treatment in various regions, growth of cancer care facilities in emerging countries, growing demand for advanced cancer therapies, and increasing government funding in the healthcare sector. Furthermore, certain sedentary habits such as smoking and drinking are aggravating the cases of throat and laryngeal cancer. According to the National Cancer Institute, in 2014, there were around 99,914 people living with laryngeal cancer in the United States. In addition, according to the Cancer Research UK, laryngeal cancer is the 20th most common cancer in Europe, with around 39,900 new cases diagnosed in 2012.
Market Classification and Overview
The tracheostomy market is segmented on the basis of product type, applications and geography. Based on product type, the market is segmented into tracheostomy tubes and accessories. Based on application, the global market has been bifurcated into hospitals, ambulatory surgical centers and homecare. Due to increasing number of hospitals globally and presence of advanced medical infrastructure including tracheostomy products in hospitals, the hospitals segment is largely contributed towards the growth of market in 2016.
Regional Overview
Regionally, the market for tracheostomy is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America is dominating the global market owing to the presence of a large population affected with throat and laryngeal cancer and favorable reimbursement scenario in most of parts of the region. However, Asia-Pacific is expected to grow at a fastest CAGR due to increased population base affected with chronic injuries, growing disposable income in countries like China and India, and advanced healthcare facilities present in the region.
Report Coverage
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Market |
Tracheostomy Market |
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Analysis Period |
2015 – 2026 |
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Historic Data |
2015 – 2016 |
|
Base Year |
2017 |
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Forecast Data |
2018 – 2026 |
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Market Stratification |
Product Type, Application, Geography |
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Regional Scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
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Report Coverage |
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
Market Participants
Covidien, Smiths Medical, TRACOE Medical, Teleflex Medical, Medtronic, Boston Medical, Cook Inc, Fuji Systems, Pulmodyne, Well Lead, and Tuoren Medical Co. Ltd are few of the key players profiled in the report. These players have undertaken mergers and acquisitions as one of their key strategies in order to maximize their share in the global market.
Market Segmentation
Market By Type
· Tracheostomy Tubes
· Accessories
Market By Application
· Hospitals
· Ambulatory Surgical Centers
· Homecare
Market By Geography
· North America
o US
o Canada
o Mexico
· Europe
o UK
o Germany
o France
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
· Latin America
o Brazil
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
