Analysts valued the market at $122 billion in 2018 and believe the market will grow at a compound annual growth rate of 2.1 percent through 2026.
Growth is being driven by the migration of procedures to the outpatient setting, because of the market’s ability to deliver high-quality care at reduced prices.
Verified Market Research based its research on a Porter’s five forces analysis and a SWOT analysis, which are both long-term business projection models.
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