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Corrigan said

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The market is expected to grow at a CAGR of 5.20% between 2026 and 2035, reaching a value of around USD 185.48 Billion by 2035

Where: NPV = Net Present Value FV j = Net cash flow for the j th period (for the initial Present cash flow, j = 0 i = annual interest rate n = number of periods included Variations include multi-stage growth models and assigning a probability or level of certainty to the cash flows and playing around with the discount rate