Report ID: UCMIG35D2018
Report ID:
UCMIG35D2018 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the size of the global examination lights market was USD 187.2 million. The market is expected to grow from USD 193.2 million in 2021 to USD 274.0 million in 2028, with a compound annual growth rate of 5.1% during the 2021-2028 period. The COVID-19 pandemic had an unparalleled and significant impact globally, leading to a decrease in demand for examination lights across all regions. Our analysis indicates that the global market experienced a decline of -10.2% in 2020, as compared to the average year-on-year growth during 2017-2019. The sudden increase in CAGR is due to the expected rebound in demand and growth of the market to pre-pandemic levels once the pandemic situation is resolved.
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 Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services 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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Report ID: UCMIG35D2018