Report ID: UCMIG35A2508
Report ID:
UCMIG35A2508 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global super absorbent dressings market was worth USD 95.88 million in 2021 and is predicted to increase at a CAGR (compound annual growth rate) of 4.69% between 2022 and 2030. The global growth in the prevalence of chronic diseases is predicted to raise demand for highly absorbent dressings. For example, the federal government of Canada reports that 44% of Canadian adults suffer a minimum of one of the ten prevalent chronic diseases. According to the same source, 11% of Canadians have diabetes, and 8% have cancer. Furthermore, an increase in the ageing population constitutes a single of the market's primary driving drivers.As to the Canadian Institute for Health Information, the geriatric population was 6.2 million in 2017, with a projected increase to 10.4 million by 2037. As a result, an increase in the prevalence of chronic diseases, combined with the growing elderly population, is expected to drive market expansion throughout 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: UCMIG35A2508