(MENAFN- America News Hour) CRIFAX added a report on 'Global Oral Care Market,
2019-2027' to its database of market research collaterals consisting
of overall market scenario with prevalent and future growth prospects, among
other growth strategies used by key players to stay ahead of the game.
Additionally, recent trends, mergers and acquisitions, region-wise growth analysis
along with challenges that are affecting the growth of the market are also
stated in the report.
The growth of the globalOral Care Market
can be attributed to enhancement in healthcare services and better medical
facilities around the world over the forecast period (2019-2028). Health
spending in the United States is estimated to grow at an average of 5.5%, by
reaching an estimated value of USD 6 trillion by 2027. This can be attributable
to rising prices of healthcare products and services during the period.
Healthcare expenditure comprises of three key sectors namely prescription
drugs, hospital spending and physician and clinical services. Prescription
drugs in the U.S. achieved an estimated growth rate of 3.3% in 2018 which is
further expected to increase to 4.6% in 2019. On the other hand, spending on prescription drugs is
estimated to rise by an average of 6.1% per year for the period (2020-2028).
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Report: https://www.crifax.com/sample-request-1001344
Moreover, a rise in Medicare and Medicaid
spending accompanied by rising wages and employment rates are anticipated to
aid the growth of the market over the forecast period.
The rate of growth of Medicare services at an
estimated rate of 5.9% in 2018, owing to high demand for Medicare services and
is predicted to reach an estimated 7.1% in 2019. On the other hand, Medicaid
spending achieved a lower growth rate of 2.2% in 2018 and is predicted to grow
at 4.8% in 2019. The health sector held the second highest position holding
7.7% share in 2018, out of the worldwide growth of R & D sector. Globally,
the number of persons employed grew from 2.5 million in 2008 to 3.5 million in
2017. On the other hand, in Europe
region, the number of persons employed increased from 1 million in 2008 to 1.4
million in 2017. Additionally, the expenditure on private health insurance is
anticipated to achieve 5.1% growth every year during the forecast period.
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Furthermore, to provide better understanding of
internal and external marketing factors, the multi-dimensional analytical tools
such as SWOT and PESTEL analysis have been implemented in the globalOral Care market report. Moreover, the report consists of
market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y
growth (%), Porter's five forces analysis, absolute $ opportunity and
anticipated cost structure of the market.
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We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. We offer our services across various sectors- Healthcare, IT & Telecommunications, and Energy & Power.
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