Report ID: UCMIG35G2195
Report ID:
UCMIG35G2195 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for menstrual health applications reached a valuation of USD 1.2 billion in 2022 and is projected to experience a compounded annual growth rate (CAGR) of 19.9% from 2023 to 2030. A key driving factor behind this growth is the heightened awareness of women's health. Additionally, the proliferation of digital literacy, widespread smartphone usage, increased disposable income, improved internet connectivity, and the emergence of new market entrants are all contributing to the expansion of this market. Moreover, during the COVID-19 pandemic, the number of internet users surged from 4.1 billion in 2019 to 4.9 billion in 2021, although it's worth noting that approximately 2.9 billion individuals, with 96% residing in developing nations, still lack internet access.
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 Technology by segment aggregation, the contribution of the Health Care Technology 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: UCMIG35G2195