The report is titled ‘Tracheostomy Tube Accessories Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the tracheostomy tube accessories market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The tracheostomy tube accessories market is expected to grow at a significant rate in the near future.
The global tracheostomy tube accessories market is expected to reach at a value of US$ 400.5 Mn by 2028 end at a CAGR of 6.1%.
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Tracheostomy Tube Accessories Market Definition
Tracheostomy can be perceived as an opening that surgeons make through the forefront of the neck and within the trachea (windpipe). A tracheostomy tube is positioned within the opening to keep it open for respiration. The said surgical procedure to make through the opening for proper respiration is termed as tracheostomy. A tracheostomy offers an air shaft to assist the patient to breathe when the regular pathway for respiration is for some reason lowered or blocked.
A tracheostomy is time and again required when health challenges need prolonged use of a machine (ventilator) to help in breathing. In exceptional cases, a contingency tracheostomy is carried out when the air passage is all of a sudden clogged or obstructed, such as after a traumatic injury to the neck or face. When a tracheostomy would no longer be necessary, it is permissible to heal shut or is surgically sealed. For some people, a tracheostomy is life-long.
Tracheostomy Tube Accessories Market Dynamics
One of the leading factors that is essentially accounted for by the rapid growth of the global tracheostomy tube accessories market is the growing prevalence of chronic respiratory illnesses among the population around the world. According to the World Health Organization (WHO), approximately 65 million people suffer from chronic obstructive pulmonary disease (COPD) and 3 million succumb from it every year, making it the third dominant cause of casualties across the world. Around 334 million people suffer from asthma, the most frequent chronic illness of childhood affecting 14% of all children worldwide.
In addition to that, factors like growing elderly population, increased investments in developing healthcare infrastructure and associated rising admissions across emergency & intensive care units are further estimated to accelerate the growth of the global tracheostomy tube accessories market in the following years.
However, heavy costs of tracheostomy surgical procedures is likely to slow down the market growth in the near future. Furthermore, dearth of reimbursement policies across all the emerging countries as well as lack of skilled professionals are also other major restraining factors which is expected to hold back the tracheostomy tube accessories market in the coming years.
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Tracheostomy Tube Accessories Market Segmentation
The global tracheostomy tube accessories market is segmented on the basis of product, indication, age, end user, and by region
By Product
- Tracheostomy Spacer
- Evac Tracheostomy Tube
- Tracheostomy Neck Tape
- Tracheostomy Tube Holders
By Indication
- Asthma
- Other Respiratory Conditions
By Age
- Neonate
- Pediatric
- Adult
By End User
- Hospital
- OR
- ER
- ICU
- Ambulatory Surgical Centers
- Homecare Settings
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Tracheostomy Tube Accessories Market Key Players
The key participating players of the global tracheostomy tube accessories market include Medtronic PLC, Smiths Medical, P3 Medical, Atos Medical, SUMI, Vitaltec Corporation, Fahl Medizintechnik-Vertrieb GmbH, Pulmodyne Inc., Sunset Healthcare Solutions, Tracoe, among others.
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