Tracheostomy Products Market Worth A USD 278.8 Million By 2030Posted by rahul nikade on January 31st, 2023 Tracheostomy Products Industry Overview The global tracheostomy products market size was valued at USD 193.8 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% over the forecast period from 2022 to 2030 owing to the growth in the incidence rate of chronic respiratory disorders like Cardiovascular Diseases (CVDs), diabetes, respiratory diseases, cancer, and other respiratory injuries. In addition, the increasing demand for tracheostomy accessories to support the growing number of surgeries performed worldwide keeps rising. COPD is one of the world’s major causes of mortality. As per the WHO, COPD affected over 251 million people globally in 2016. Gather more insights about the market drivers, restrains and growth of the Global Tracheostomy Products Market The rising frequency of tobacco smoking and poor air quality, particularly in middle-income nations, are key factors contributing to a rise in COPD prevalence, resulting in an increased demand for tracheostomy care. The COVID-19 pandemic has dramatically increased the number of patients requiring respiratory assistance, including mechanical ventilation. These patients require mechanical ventilation for a long time; however, some of them require tracheostomy to allow for weaning and better utilization of hospital resources. The tracheostomy technique, however, is difficult to perform due to the production of aerosols and the significant risk of nosocomial transmission to healthcare staff. Although percutaneous tracheostomy (PCT) is the standard of therapy in many ICUs, it has a higher risk of producing aerosols than surgical tracheostomy. However, the function of tracheostomy is assisting with weaning in COVID-19 patients. The growing healthcare expenditure and the economies of nations, such as the U.S., China, and India, among others are expected to provide profitable prospects for market players. Moreover, tracheostomy products are used in tracheostomy treatments including obstructive sleep apnea, chronic lung illness, anaphylaxis, throat cancer, coma, diaphragm malfunction, laryngectomy, and vocal cord paralysis, among others. The market is anticipated to grow due to favorable reimbursement policies, expanding healthcare infrastructure, and a high prevalence of respiratory diseases. Browse through Grand View Research's Medical Devices Industry Research Reports.
Tracheostomy Products Market Segmentation Grand View Research has segmented the global tracheostomy products market based on type, technique, demographics, end-use, and region: Tracheostomy Products Type Outlook (Revenue, USD Million, 2017 - 2030)
Tracheostomy Products Technique Outlook (Revenue, USD Million, 2017 - 2030)
Tracheostomy Products Demographics Outlook (Revenue, USD Million, 2017 - 2030)
Tracheostomy Products End-use Outlook (Revenue, USD Million, 2017 - 2030)
Tracheostomy Products Regional Outlook (Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global tracheostomy products market include
Order a free sample PDF of the Tracheostomy Products Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |