Published Date: 22-Dec-2020
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According to a new report Global Medical Devices Cuffs Market, published by KBV research, The Global Medical Devices Cuffs Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 6.4% CAGR during the forecast period.
The segment of the tracheostomy tube is expected to observe the highest growth rate in the medical devices cuffs market during the forecast period. The cuffed tracheostomy tube permits positive pressure circulation and averts respiration. The rising rates of respiratory disorders and COPD are the significant components increasing the growth of this segment over the forecast period.
The segment of hospital held the highest share of revenue in 2019 in the Medical Devices Cuffs Market. This is due to the increasing rate of cardiovascular diseases across the world. For example, according to the report launched by the Centers for Disease Control and Prevention (CDC) in 2018, coronary heart disease is the most frequent kind of cardiovascular disease and around 37,000 individuals die each year in the U.S.
In 2019, the medical devices cuffs market was dominated by North America and represented the highest share of the revenue. The region is anticipated to observe a major CAGR over the forecast period. Numerous beneficial reimbursement policies, the launch of products that are technologically advanced, and the existence of many leading players in the market are expected to boost the medical devices cuffs market. In the region of Asia Pacific, the medical devices cuffs market is expected to observe a vital development rate during the forecast period. The market is significantly boosted by the rising rate of cardiovascular diseases and respiratory diseases.
Structural Insights: https://www.kbvresearch.com/medical-devices-cuffs-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Medtronic PLC, Teleflex, Inc., ConvaTec Group PLC, Koninklijke Philips N.V., Cook Medical, Inc. (Cook Group), Smiths Group PLC (Smiths Medical, Inc.), Well Lead Medical Co., Ltd., TRACOE Medical GmbH, Pulmodyne, Inc. and Troge Medical GmbH.
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