Report ID: UCMIG35A2543
Report ID:
UCMIG35A2543 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for diagnosing neglected tropical diseases (NTDs) was estimated to be worth USD 6.09 billion in 2021 and is anticipated to grow at a CAGR of 4.4% during the following five years. Growing public awareness of NTDs and an increase in government activities are expected to boost market expansion. For instance, it is envisaged that the inclusion of NTDs as a worldwide goal in the Sustainable Development Goals (SDG), an initiative of the United Nations Development Programme, will spur market expansion. Additionally, a number of WHO efforts, including the Road Map 2030 for the Elimination of NTDs, are anticipated to fuel market expansion throughout the course of the forecast period.
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: UCMIG35A2543