Product ID: UCMIG35A2621
Report ID:
UCMIG35A2621 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
"A compound annual growth rate (CAGR) of 19.4% is anticipated from 2023 to 2030 for the global sacroiliac joint fusion market, which was valued at USD 621.4 million in 2022. Growing technological advancements, numerous minimally invasive procedures, coverage by insurance companies, and initiatives by significant companies are a few of the main factors driving this industry. In 44 states' Medicaid programmes as of 2018, and in 32 Blue Cross Blue Shield plans as of 2019, a minimally invasive sacroiliac joints fusion was supported, according to AmeriHealth Caritas. This will likely lead to an increase in MIS sacroiliac joint fusion procedures. The market was severely impacted by the COVID-19 pandemic."
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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Product ID: UCMIG35A2621