Market Insights Health Hospitals Inpatient Care

Midwifery - Armenia

Armenia

The Midwifery market in Armenia is predicted to witness a substantial growth in revenue, with an estimated value of US$24.71m in 2024.
This projection suggests a positive trend in the market's performance.
Furthermore, it is anticipated that the market will continue to expand at a compound annual growth rate (CAGR) of 5.76% between 2024 and 2029, ultimately reaching a market volume of US$32.69m by the end of 2029.
In terms of global comparison, United States is expected to generate the highest revenue in the Midwifery market, amounting to a staggering US$34,040.00m in 2024.
This highlights the dominant position of the United States in this market.
Armenia's midwifery market is experiencing a surge in demand for home births due to cultural traditions and a desire for personalized, holistic care.

Key regions: France, Europe, Japan, Germany, United Kingdom

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.