Report ID: UCMIG35A2154
Report ID:
UCMIG35A2154 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for Personal Protective Equipment (PPE) used for infection control has exceeded USD 24 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of over 2% from 2023 to 2032. This growth can be attributed to the increasing number of elderly people and the rise in elective surgical procedures. As the global population ages, the incidence of chronic diseases is also increasing, with 6 out of 10 adults in the United States diagnosed with chronic health conditions, leading to a higher demand for surgical interventions to treat these conditions.
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: UCMIG35A2154