Report ID: UCMIG35A2426
Report ID:
UCMIG35A2426 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
"The global market for pulse electromagnetic field therapeutic devices was valued at USD 359.5 million in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% during the forecast period. The expansion of the market is driven by factors such as the increasing elderly population worldwide and the growing awareness of pulse electromagnetic field (PEMF) therapeutic devices. The market is expected to benefit from technological advancements, including the development of compact and advanced PEMF therapeutic devices using sophisticated materials, which will contribute to maintaining a competitive edge. Additionally, the integration of telemedicine is projected to expand the range of applications for these devices. However, the outbreak of the novel coronavirus (COVID-19) has caused disruptions in various Health Care and socioeconomic sectors globally."
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: UCMIG35A2426