- Size, Trend, Share, Opportunity Analysis, and Forecast, 2017-2023
Progressive Markets published a report, Tracheostomy Tube Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2016-2023, which says that the market was valued at 153 million USD in 2016 and is likely to grow at a CAGR of around 3.8% from 2017 to 2023.
A tracheostomy is a curved tube which is placed into a tracheostomy stoma (hole made in the neck and windpipe) to secure the airway for patients who need prolonged invasive mechanical ventilation, have upper-airway obstruction, underwent a laryngectomy, or have difficulty managing secretions. A normal tracheostomy tube comprises three parts namely outer cannula with flange (neck plate), inner cannula, and an obturator. The outer cannula is the outer tube that holds the tracheostomy open. A neck plate extends from the sides of the outer tube and has holes to attach cloth ties or velcro strap around the neck. The inner cannula is placed inside the outer cannula and has a lock to prevent it from being coughed out. The obturator is used to insert a tracheostomy tube.
Market Drivers and Restraints:
The report provides an analysis of the drivers, restraints and opportunities impacting the growth of the market. The growing incidence of laryngeal or throat cancer and other abnormalities such as vocal cord paralysis, chronic lung diseases, etc., sedentary lifestyle, the rise in demand for homecare services and technological advancement for the diagnosis and treatment, growing healthcare infrastructure in many growing economies, and availability of skilled surgeons cause the market to grow. On the other hand, the lack of awareness of people towards availability of such novel treatment devices and high cost of tracheostomy surgical interventions cause the market growth to slow down.
The research report analyzes the tracheostomy tube market based on its segmentation. The market is divided by type, application, and region. Based on type, the market is bifurcated into silicone rubber tracheostomy tube and PVC tracheostomy tube. Based on application, the market is divided into emergency treatment and therapy. The market analysis for tracheostomy tube is studied across North America, Europe, Asia, China, and rest of the world.
Key Market Players:
The global tracheostomy tube market report includes details about the leading players operating in the industry. They hold the key technologies and patents with high-end customers. The players include Medtronic, Teleflex Medical, Smiths Medical, TRACOE Medical, ConvaTec, Fuji Systems, Sewoon Medical, Boston Medical, Well Lead, TuoRen, Pulmodyne, and others.
Key Benefits from the Report:
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