Global Tracheal Tube And Airway Products Market Size By Product Type (Products, Accessories), By Material (Silicone, Polyolefins), By End-User (Hospitals, Surgical/Ambulatory Surgical Centers), By Geographic Scope And Forecast
Report ID: 32971|No. of Pages: 202
Global Tracheal Tube And Airway Products Market Size By Product Type (Products, Accessories), By Material (Silicone, Polyolefins), By End-User (Hospitals, Surgical/Ambulatory Surgical Centers), By Geographic Scope And Forecast
Tracheal Tube And Airway Products Market Size And Forecast
Tracheal Tube And Airway Products Market size was valued at USD 3.83 Billion in 2022 and is projected to reach USD 6.47 Billion by 2030, growing at a CAGR of 6.08% from 2023 to 2030.
Higher prevalence of respiratory diseases, increasing product launches, adoption of growth strategies, and the aging population are major factors accelerating the growth of the Global Tracheal Tube And Airway Products Market. The Global Tracheal Tube And Airway Products Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Tracheal Tube And Airway Products Market Definition
A tracheal tube and airway products are devices that are inserted into the trachea to establish and maintain a patient respiration process, and to ensure the adequate exchange of oxygen and carbon dioxide. The tracheal tube is commonly used for airway management in the settings of general anesthesia, critical care, mechanical ventilation, and emergency medicine. Airway management refers to maintaining consistent airflow and preventing the collapse of the airway. The most commonly used airways include endotracheal tubes and tracheotomy. It is used for removing foreign particles, helps to prevent the content present in the stomach to interfere with the air pathway, and supports breathing. They are used during or after surgical procedures when anesthesia is given to the body as it paralyzes muscles and diaphragm.
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Global Tracheal Tube And Airway Products Market Overview
Higher prevalence of respiratory diseases, increasing product launches, and adoption of growth strategies are major factors accelerating the growth of the Global Tracheal Tube And Airway Products Market. For instance, in April 2019, Koninklijke Philips N.V. introduced a new product, DreamWisp, which is a type of over-the-nose continuous positive pressure airway mask. Moreover, the aging population and increase in the number of surgical procedures globally are expected to boost the market in the coming years. There are certain restraints and challenges faced which can hinder market growth. The inability of the product to isolate the airway & to protect against the risk of aspiration and lack of skilled professionals might inhibit the market growth.
Global Tracheal Tube And Airway Products Market: Segmentation Analysis
The Global Tracheal Tube And Airway Products Market is segmented on the basis of Product Type, Material, End-User, And Geography.
Tracheal Tube And Airway Products Market, By Product Type
- Products
o Endotracheal Tube
o Oral Airway Tube
o Nasal Airway Tube
o Oral/Nasal Airway Tube
o Laryngoscope
o Others - Accessories
Based on Product Type, The market is bifurcated into Products and Accessories. The Endotracheal Tube in the products segment is expected to hold the largest market share due to the growing use of the Endotracheal Tube in the treatment of chronic respiratory diseases.
Tracheal Tube And Airway Products Market, By Material
- Polyvinyl Chloride (PVC)
- Thermoplastic Polyurethane (TPU)
- Silicone
- Polyolefins
- Others
Based on Material, The market is bifurcated into Polyvinyl Chloride (PVC), Thermoplastic Polyurethane (TPU), Silicone, Polyolefins, and Others.
Tracheal Tube And Airway Products Market, By End-User
- Hospitals
- Surgical/Ambulatory Surgical Centers
- Homecare Settings
Based on End-User, The market is bifurcated into Hospitals, Surgical/Ambulatory Surgical Centers, and Homecare Settings. Hospitals are predicted to hold the largest market share owing to the presence of advanced devices for the treatment of respiratory disease and a large pool of patients suffering from various chronic respiratory diseases.
Tracheal Tube And Airway Products Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, The Global Tracheal Tube And Airway Products Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America due to technological advancements and availability of the advanced devices in this region. The Asia Pacific is anticipated to be the fastest-growing region rise in the geriatric population that incurs respiratory problems which in turn will fuel the demand for the products.
Key Players
The “Global Tracheal Tube And Airway Products Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Smiths Medical, Teleflex Inc., Boston Medical Products Inc., Medtronic Plc., Medis Medical (UK) Ltd, The Airway Company, Halyard Health, BomiMed, Mercury Medical, VBM Medizintechnik GmbH.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Mergers and Acquisitions
- In April 2018, Halyard Health, Inc., a medical devices and supplies company, was acquired by Owens & Minor for USD 710 Million. The motive behind this acquisition is to expand the reach into new markets around the world, developing new devices for medical treatment and others.
- In December 2020, Teleflex, a manufacturer, and supplier of healthcare and medical products, acquired Z-Medica, LLC, which is a manufacturer of hemostatic products. This expansion was targeted toward improving the product range of Teleflex.
Partnerships, Collaborations and Agreements
- In February 2019, Medtronic Plc., partnered with the Medical University of South Carolina, on a five-year partnership basis. This collaboration was aimed at advancements in chronic disease treatments which also include trachea-related issues. This partnership is also looking forward to reducing the cost associated with such health issue treatments.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2019-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Period | 2019-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Smiths Medical, Teleflex Inc., Boston Medical Products Inc., Medtronic Plc., Medis Medical (UK) Ltd, The Airway Company, Halyard Health. |
| Segments Covered | By Product Type, By Material, By End-User, And By Geography. |
| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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