Report ID: UCMIG35A2425
Report ID:
UCMIG35A2425 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global hospital consumables market was worth USD 308.6 billion in 2020 and is expected to increase at a CAGR (compound annual growth rate) of 10.89% between 2021 and 2028. The increasing frequency of chronic diseases, as well as the growing older population, are the primary factors driving market expansion. Furthermore, technical advances in surgical techniques and a growing desire for minimally/non-invasive procedures are driving market expansion. Furthermore, the global influence of COVID-19 is hastening market expansion. Chronic diseases, such as Cardiovascular Diseases (CVDs), respiratory infections, diabetes, cancer, and mental disorders, have become a primary cause of death and disability around the world.
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 Equipment by segment aggregation, the contribution of the Health Care Equipment 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: UCMIG35A2425