Report ID: UCMIG35A2507
Report ID:
UCMIG35A2507 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for thyroid ablation devices, with a valuation of USD 144.0 million in 2022, is expected to witness substantial growth in the coming years. A compound annual growth rate (CAGR) of 13.6% is projected for the period from 2023 to 2030. This growth can be attributed to the rising prevalence of thyroid disorders and the increasing demand for minimally invasive treatment options. Thyroid ablation devices play a crucial role in the effective management of thyroid nodules and thyroid cancer, driving the market's expansion. Additionally, advancements in technology and the growing adoption of these devices across healthcare facilities worldwide are contributing to the market's positive outlook.
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: UCMIG35A2507