Global Tracheostomy Securement Tapes Market, By Material Type (Cotton, Brushed Nylon), Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy) – Industry Trends and Forecast to 2029
Market Analysis and Size
Tracheostomy is surgical procedure in which incision to anterior part of neck is made, opening a direct airway passage into windpipe (trachea). Tracheostomy is done to help you breathe when normal airway passage is obstructed or impaired due to some causes. When the hole is made, tube is inserted into trachea and to hold that tube tracheostomy securement tapes are used.
- Data Bridge Market Research analyses that the tracheostomy securement tapes market is growing at a CAGR of 3.80% during the forecast period. “Hospital Pharmacies” on the basis of distribution channel, is expected to dominate tracheostomy securement tapes market due to inpatient setting required for tracheostomy procedure.
Tracheostomy is defined as a medical procedure which includes an opening in the anterior aspect of the neck by placing a tube into windpipe that will help to breathe when normal airway is not working due to some cause. Tracheostomy securement tapes are used to hold the tracheostomy tube hence it is widely used in geriatric population as well as in kids.
Tracheostomy Securement Tapes Market Dynamics
Increasing number of tracheostomy procedures among children’s and geriatric population
It is a challenge to perform tracheostomy procedures on children because nobody knows how they are going to react under anaesthesia and it easily be life threatening and geriatric people but it is major factor which is driving the market.
Increasing occurrence of paralysis
Paralysis happens when your stop supplying blood to certain area or your brain stop function for a particular part and the number of people with half and full body paralysis is also growing and it is driving the market.
Additionally, birth defect and easy availability of tracheostomy for kids across the globe, neck cancer rising air pollution, chronic lung diseases and lifestyle positively affect the tracheostomy securement tapes market.
Furthermore, increasing number of tracheostomy procedures performed in adults as well as in kids extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, growing prevalence of diseases of airway will further expand the tracheostomy securement tapes market's growth rate in the future.
On the other hand, lack of professional and skilled personnel are expected to obstruct market growth. Also, tedious process of tracheostomy in kids and lack of awareness about tracheostomy in developing economies are projected to challenge the tracheostomy securement tapes market in the forecast period of 2022-2029.
This tracheostomy securement tapes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tracheostomy securement tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Tracheostomy Securement Tapes Market
The year 2020 was dominated by the COVID - 19 pandemic as nearly two million people are infected by coronavirus. On one hand, diagnostics, diagnostic equipment and critical medical supplies gained unprecedented demand while medical procedures declined by around 50% to 60% based on the market. This created problems for the market.
Global Tracheostomy Securement Tapes Market Scope
The tracheostomy securement tapes market is segmented on the basis of material type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Brushed nylon
- Hospitals pharmacy
- Retail pharmacy
- Online pharmacy
Tracheostomy securement tapes market has also been segmented on the basis of distribution channel into hospitals pharmacy, retail pharmacy and online pharmacy
Tracheostomy Securement Tapes Market Regional Analysis/Insights
The tracheostomy securement tapes market is analysed and market size insights and trends are provided by country, material type and distribution channel as referenced above.
The countries covered in the tracheostomy securement tapes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the tracheostomy securement tapes market due to rising awareness regarding tracheostomy and increasing occurrence of airway diseases within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of large population and growing awareness about tracheostomy in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The tracheostomy securement tapes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for tracheostomy securement tapes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the tracheostomy securement tapes market. The data is available for historic period 2010-2020.
Competitive Landscape and Tracheostomy Securement Tapes Market Share Analysis
The tracheostomy securement tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tracheostomy securement tapes market.
Some of the major players operating in the tracheostomy securement tapes market are Medtronic, Smiths Group PLC, Marpac, Insight Medical Ltd., Dale Medical Products, Inc, Medline Industries, Inc., Medtronic, Derma Sciences Inc., Johnson & Johnson Consumer Inc., Cardinal Health, Inc., Smith & Nephew, Medline Industries, Inc., B Braun Melsungen AG, Tri-anim Health Services, Respicare Solutions, McArthur Medical Sales Inc., REVA Medical Inc., Sino Medical Sciences Technology Inc., STENTYS SA, among others.