Yahoo Finance Tracheostomy Devices Market Value to Exceed US$ 291.3 Million by 2031, as per Transparency Market Research, Inc.
Increase in adoption of home care solutions for patients with chronic respiratory diseases is likely to drive the tracheostomy devices market
Wilmington, Delaware, United States, , Jan. 31, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global Tracheostomy Devices Market is projected to expand at a CAGR of 4.1% during the forecast period from 2022 to 2031, according to the market outlook by Transparency Market Research (TMR).
The rise in the number of people addicted to smoking is likely to increase the cases of lung cancer across the globe. According to the Indian Council of Medical Research, or ICMR, lung cancer is the most common cancer type responsible for deaths in India. An estimated 180,000 deaths were caused due to this disease in 2021. According to the statistics by the Brazilian National Cancer Institute, lung cancer is the second most common cancer type in males and the third most common cancer in females in the country. Around 34,000 deaths were caused in this country due to lung cancer in 2018. An increase in cases of lung cancer is expected to bolster market growth during the forecast period.
Growth Drivers
An increase in cases of respiratory diseases is likely to present significant opportunities for manufacturers of tracheostomy devices
A rise in cases of lung cancer is anticipated to accelerate market development during the forecast period
Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority):
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85344
Key Findings
Chronic obstructive pulmonary disease (COPD) is a health condition in which a patient experiences difficulty in breathing. Smoking and consistent exposure to pollution is the key factors causing COPD, such as emphysema and chronic bronchitis. According to the statistics by the World Health Organization (WHO), an estimated 251 million individuals are infected by COPD globally. This number is anticipated to reach 900 million by the end of 2030. A rise in the application of tracheostomy devices in the treatment of COPD is likely to present significant business opportunities for manufacturers in the next few years.
The prevalence of asthma, a chronic lung disease, has increased in the past few years. According to World Health Organization statistics, about 339 million individuals are suffering from asthma, and the number is expected to increase by approximately 100 million by the end of 2025. An increase in cases of asthma is anticipated to propel the demand for advanced treatment solutions, which, in turn, is projected to fuel industry growth during the forecast period.
Home care has been increasingly adopted across the globe for patients suffering from asthma, sleep apnea, and COPD in the past few years. This is ascribed to the advantages of home care, such as better patient outcomes, cost-effectiveness, the lesser possibility of hospital readmissions, and improved quality of life. Home care is also known for reducing stress levels and improving the quality of a patient. These factors are projected to bolster the tracheostomy devices market.
Regional Analysis
North America held a 35.0% share of the global industry in 2021. Market growth in the region can be ascribed to an increase in cases of respiratory disorders and a rise in the number of R&D projects focused on the development of advanced tracheostomy devices.
The market in Asia Pacific is projected to grow at a significant pace during the forecast period owing to a rise in population and an increase in cases of respiratory disorders
Buy this Premium Research Report | Immediate Delivery Available –
https://www.transparencymarketresearch.com/checkout.php?rep_id=85344<ype=S
Tracheostomy devises Market: Competition Landscape
Companies are adopting business strategies such as product launches, mergers, and acquisitions so as to stay ahead of the competition
They are focusing on R&D activities in order to develop technologically advanced products
Tracheostomy devises Market: Key Players
Smiths Group plc
Pulmodyne, Inc.
TRACOE Medical GmbH
Medtronic
Cook Group
Teleflex, Inc.
Boston Medical
ConvaTec Group
Fisher & Paykel Healthcare Ltd.
Ask for References –
https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=85344
Tracheostomy devises Market Segmentation
Type
Tracheostomy Tubes
Ventilation Accessories
Clean & Care Kits
Others
Tube Material
Silicone
Plastic
Metal
Technique
Percutaneous Dilatational Tracheostomy
Surgical Tracheostomy
End-user
Hospitals & Surgery Centers
Ambulatory Care Centers
Home Care Settings
Others
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Ophthalmic Drugs Market Size, Share | Industry Report, 2022-2031
Gynecological Devices Market Size & Share Report, 2019 - 2027
About Transparency Market Research
Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll-Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
