A CAGR is a compound annual growth rate - the mean annual growth rate of an investment over a period of time longer than a year.
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The global market is projected to reach USD 1,574.8 million by 2031, growing at a CAGR of 4.23% from 2024 to 2031
The Global Dust-free Cat Litter Market Size is projected to grow at CAGR of approximately 5.6% during the forecast period.
CAGR means Compounded Annual Growth Rate in terms of stock market terms. Suppose Rs. 100 is invested in year 1 for 5 years & after 5 years Rs. 100 become Rs.180 then CAGR in this case shall be 16% i.e. Rs.Rs.80(Return)/Rs.100(Initially invested).
CAGR is an average growth rate normalised for fluctuations. See the link referred. To quote from the link:'Compound annual growth rate (CAGR) is an average growth rate over a period of several years. It is a geometric average of annual growth rates: CAGR = (ending value ÷starting value)1/(number of years - 1If a company had sales of £10m in 2005 and £15m in 2010 then the CAGR of its sales is: (15 ÷10)1/5 - 1 = .084 = 8.4%If percentage growth rates are used it is important to remember to add one to each of them before calculating the geometric average. For example, the CAGR over two years of 10% one year and 20% the next is (1.1 ×1.2)1/2 - 1.Although no historical data is a substitute for a forecast, the CAGR over a number of years (typically the last five) is a better indication of a trend than a single year's growth which may be atypically good or bad."
Opioids Market is estimated to be US$ 35.16 billion by 2030 with a CAGR of 2.50% during the forecast period.
Theranostics Market is estimated to be US$ 468.7 Billion in 2030 at a CAGR 10.40% during the forecast period.
Sports Medicine Market is estimated to be US$ 19.60 billion by 2030 with a CAGR of 8.4% during the forecast period.
Construction Aggregates Market is estimated to be US$ 313.12 billion by 2030 with a CAGR of 3.0% during the forecast period
Medical Holography Market is estimated to be US$ 13362.56 million by 2030 with a CAGR of 34.1% during the forecast period
Cell Therapy Market is estimated to be US$ 19.6 billion by 2030 with a CAGR of 13.1% during the forecast period