Product ID: UCMIG15G2030
Report ID:
UCMIG15G2030 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global market for antibacterial glass had a value of USD 205.6 million, and it is expected to experience a compound annual growth rate (CAGR) of 7.6% between 2020 and 2027. The market is expected to be driven by the growing elderly population worldwide, particularly in developed countries. According to the U.S. Department of Health and Human Services, the number of people aged 65 and over in the United States is expected to increase rapidly in the coming years. This population is projected to grow from 52 million in 2018 to 95 million in 2060, which is likely to have a positive impact on the demand for healthcare infrastructure materials, including antibacterial glass, as the need for healthcare is expected to increase along with the population.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Metal & Glass Containers by segment aggregation, the contribution of the Metal & Glass Containers in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15G2030