Global Intubation Market 2022 Industry Overview, Share, Trend, Segmentation and Forecast to 2031
Intubation Market 2022
The global Intubation Market is expected to go great guns in the next 10 years. It is slated to reach US$ 1.3 Bn by the year 2030. The CAGR would be 5%. With mixed reality in the foray, virtual objects could be integrated with the real-life ambience, thereby rendering simultaneous manipulation of digital twins. In other words, digital twinning is expected to be the future of healthcare vertical in the forecast period.
Rising number of surgical conditions due to trauma and chronic diseases such as diabetes, chronic respiratory, neurological, and renal diseases are expected to increase demand of medical intubation procedures, and subsequent use of intubation medical devices. For instance, increase in number of surgical procedures will have a direct impact on the sale of intubation products. According to a WHO study, in 2010, around 321.5 million surgical procedures were carried out to address the burden of different diseases for a global population of 6.9 billion.
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Moreover, rising global adoption of intubation-based surgical procedures, extensive clinical research, and increasing launches of highly sophisticated intubation medical devices are responsible for the growth of the intubation market.
Persistence Market Research predicts that the global intubation market will exhibit a 5% CAGR during the forecast period (2020-2030).
Company Profiles:
Medtronic
Deas S.R.L
Medis Medical
Smiths Medical
Flexicare Medical Limited