The global Intubation Market is expected to grow at a stupendous rate In Upcoming Years. Today calls for prediction tools that are powered by AI to optimize the usage of the resources available. This could also help in crisis management. As such, key market participants are likely to invest in predictive analytics for condoning unforeseen circumstances. These would be preventive steps taken by the enterprises on the whole.
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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.
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).
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Key Takeaways from Intubation Market Study
“Rising burden of surgical procedures and technological advancements are expected to drive the growth of the global intubation market,” says a PMR analyst.
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Disposable Intubation Products Dominate Market
Use of disposable medical devices in intubation and surgical procedures is increasing rapidly. Risk of infection with reused intubation devices and high cost associated with sterilization for reused products are projected to drive higher preference for disposable intubation devices. In addition, use of highly advanced biodegradable material for the manufacturing of intubation devices that facilitate the disposal of single-use intubation devices is pushing the trend of disposable intubation devices in the market.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the intubation market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030, on the basis of product (airway management tubes and intubation accessories), usage (reusable and disposable), and end user (hospitals, ambulatory surgical centres, clinics, and research & diagnostic labs), across seven key regions.
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