Aramid Fiber Market by Product and Application - Global Industry Analysis and Forecast To 2023

Published On : January 2018 Pages : 102 Category: Advanced Materials Report Code : CM01435

Industry Outlook and Trend Analysis

The Aramid Fiber Market was worth USD 2.67 billion in the year of 2017 and is expected to register itself at a compound annual growth rate (CAGR) of 8.67% during the forecast period. Aramid fibers market has been watching a rising inclination inferable from the different one of kind properties, for example, rigid & highly oriented molecular structure, low flammability, light weight, ultra-high strength, resistance to abrasion & organic solvents, and so forth. Worldwide aramid fiber market is anticipated to have huge request from the barrier segment for defensive garments in the following years. Surge in unbalanced warfare rates and incidents comprehensively has brought about expanded guard speculations by different countries in the last few years. For example, the wars including the Syrian common war, ISIS conflict, the Lebanon struggle, Indo-Pak strife over Kashmir, the fights between North Korea and the United States. Developing strains over the fringes has brought about a rising interest for ballistic protecting products, for example, headgear, bulletproof vests, eyewear, armored car, missiles, and so on. Rising guard use over the globe will drive the aramid fibers market in the following years.

Aramid Fiber Market

 

Product Outlook and Trend Analysis

Para aramid fibers drove the worldwide aramid fiber market in 2017, with an income over USD 2 billion. The significant demand for protective apparatuses, for example, bulletproof vests, helmets, and vehicle armor will drive the para aramid fiber market estimate over the figure time span. The most usually favored para aramid strands over the globe include: Twaron, Taparan, Kevlar, RUSLAN, X-FIPER, and so on. Meta aramid fibers are estimated to rise with a CAGR above 7% by 2024. These are projected to witness substantial demand from various applications.

Application Outlook and Trend Analysis

Worldwide aramid fiber market measure was pushed by safety equipment applications in 2017. The portion contributed share of the market near 35 percent in the year and will display broad development over the estimate time span. The gigantic offer was credited to the rising safety issues for the mechanical and in addition defense work force. Optical fiber applications generated close to 15 percent of the aramid fiber market share in 2017 and will witness significant gains over the forecast time frame. The mounting need from the electronics and telecommunication sector for durable and sturdy optical fiber cables will drive the demand for these fibers in the upcoming years.

Regional Outlook and Trend Analysis

 

North America aramid fiber market produced income over USD 700 million in 2017. The district is evaluated to witness quickest development over the conjecture time frame. In 2017, the military spending in the locale was near USD 1.8 trillion. India and China are probably going to lift to the aramid fiber market development in guard industry in coming years. New acquirements for military, vehicles and electronics are on the ascent and the likelihood of new contestants in the private division could assume a key part for aramid fiber market development in the locale.

Competitive Insights

The market is highly competitive with the presence of some significant players such as DowDuPont, Kolon Industries, Yantai Tayho Co, JSC Kamenskvolokno, Teijin Aramid, Huvis Corp, DSK Hyosung - Authorised service center and Kermel. The major players have been endeavoring to pick up the competitive edge with key limit developments. For example, in October 2022, Teijin experienced a limit extension for its Technora aramid fiber, which is eight times more grounded than steel, at its office in Matsuyama, Japan. Through the development, Teijin tended to the rising needs of its clients for the modern and support applications in Asia Pacific district.

The Aramid Fiber Market is segmented as follows-

By Product:

  • Meta Aramid
  • Para Aramid
  • Copolyamide

By Application:

  • Frictional Materials
  • Safety Applications
  • Tire Reinforcement
  • Optical Fibers
  • Electrical Insulation
  • Rubber Reinforcement

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Aramid Fiber Market , By Product, Estimates and Forecast, 2014-2023 ($Million)
    • Meta aramid
    • Para aramid
    • Copolyamide
  • Aramid Fiber Market , By Application, Estimates and Forecast, 2014-2023 ($Million)
    • Optical fibers
    • Tire reinforcement
    • Safety applications
    • Frictional materials
    • Electrical insulation
    • Rubber reinforcement
    • Other Application
  • Aramid Fiber Market , By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Aramid Fiber Market , By Country
  • North America Aramid Fiber Market , By Product
  • North America Aramid Fiber Market , By Application
    • U.S. Aramid Fiber Market , By Product
    • U.S. Aramid Fiber Market , By Application
    • Canada Aramid Fiber Market , By Product
    • Canada Aramid Fiber Market , By Application
    • Mexico Aramid Fiber Market , By Product
    • Mexico Aramid Fiber Market , By Application
    • Europe
  • Europe Aramid Fiber Market , By Country
  • Europe Aramid Fiber Market , By Product
  • Europe Aramid Fiber Market , By Application
    • Germany Aramid Fiber Market , By Product
    • Germany Aramid Fiber Market , By Application
    • France Aramid Fiber Market , By Product
    • France Aramid Fiber Market , By Application
    • UK Aramid Fiber Market , By Product
    • UK Aramid Fiber Market , By Application
    • Italy Aramid Fiber Market , By Product
    • Italy Aramid Fiber Market , By Application
    • Spain Aramid Fiber Market , By Product
    • Spain Aramid Fiber Market , By Application
    • Rest of Europe Aramid Fiber Market , By Product
    • Rest of Europe Aramid Fiber Market , By Application
    • Asia-Pacific
      • Asia-Pacific Aramid Fiber Market , By Country
      • Asia-Pacific Aramid Fiber Market , By Product
      • Asia-Pacific Aramid Fiber Market , By Application
        • Japan Aramid Fiber Market , By Product
        • Japan Aramid Fiber Market , By Application
        • Australia Aramid Fiber Market , By Product
        • Australia Aramid Fiber Market , By Application
        • India Aramid Fiber Market , By Product
        • India Aramid Fiber Market , By Application
        • South Korea Aramid Fiber Market , By Product
        • South Korea Aramid Fiber Market , By Application
        • Rest of Asia-Pacific Aramid Fiber Market , By Product
        • Rest of Asia-Pacific Aramid Fiber Market , By Application
    • Rest of the World
      • Rest of the World Aramid Fiber Market , By Country
      • Rest of the World Aramid Fiber Market , By Product
      • Rest of the World Aramid Fiber Market , By Application
        • Brazil Aramid Fiber Market , By Product
        • Brazil Aramid Fiber Market , By Application
        • South Africa Aramid Fiber Market , By Product
        • South Africa Aramid Fiber Market , By Application
        • Saudi Arabia Aramid Fiber Market , By Product
        • Saudi Arabia Aramid Fiber Market , By Application
        • Turkey Aramid Fiber Market , By Product
        • Turkey Aramid Fiber Market , By Application
        • United Arab Emirates Aramid Fiber Market , By Product
        • United Arab Emirates Aramid Fiber Market , By Application
        • Others Aramid Fiber Market , By Product
        • Others Aramid Fiber Market , By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Rising demand in automotive and aerospace applications

3.2.1.2.    Possible alternative for asbestos and steel

3.2.2.  Restraints

3.2.2.1.    High production cost

3.2.3.  Opportunities

4.       Aramid Fiber Market, By Product

4.1.       Introduction

4.2.       Aramid Fiber Market  Assessment and Forecast, By Product, 2017-2023

4.3.       Meta aramid

4.3.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

4.4.       Para aramid

4.4.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

4.5.       Copolyamide

4.5.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.       Aramid Fiber Market, By Application

5.1.       Introduction

5.2.       The Aramid Fiber Market  Assessment and Forecast, By Application, 2017-2023

5.3.       Optical fibers

5.3.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.4.       Tire reinforcement

5.4.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.5.       Safety applications

5.5.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.6.       Frictional materials

5.6.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.7.       Electrical insulation

5.7.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.8.       Rubber reinforcement

5.8.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

5.9.       Other Application

5.9.1.  Market Assessment and Forecast, By Region, 2017-2023 ($Million)

6.       Aramid Fiber Market , By Region

6.1.       Introduction

6.2.       Aramid Fiber Market  Assessment and Forecast, By Region, 2017-2023 ($Million)

6.3.       North America

6.3.1.  Market Assessment and Forecast, By Country, 2017-2023 ($Million)

6.3.2.  Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.3.3.  Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.3.4.  U.S.

6.3.4.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.3.4.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.3.5.  Canada

6.3.5.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.3.5.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.3.6.  Mexico

6.3.6.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.3.6.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.       Europe

6.4.1.  Market Assessment and Forecast, By Country, 2017-2023 ($Million)

6.4.2.  Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.3.  Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.4.  Germany

6.4.4.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.4.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.5.  France

6.4.5.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.5.2.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.6.  UK

6.4.6.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.6.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.7.  Italy

6.4.7.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.7.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.8.  Spain

6.4.8.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.8.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.4.9.  Rest of Europe

6.4.9.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.4.9.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.       Asia-Pacific

6.5.1.  Market Assessment and Forecast, By Country, 2017-2023 ($Million)

6.5.2.  Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.3.  Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.4.  Japan

6.5.4.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.4.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.5.  China

6.5.5.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.5.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.6.  Australia

6.5.6.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.6.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.7.  India

6.5.7.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.7.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.8.  South Korea

6.5.8.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.8.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.5.9.  Rest of Asia-Pacific

6.5.9.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.5.9.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.       Rest of the World

6.6.1.  Market Assessment and Forecast, By Country, 2017-2023 ($Million)

6.6.2.  Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.3.  Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.4.  Brazil

6.6.4.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.4.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.5.  Turkey

6.6.5.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.5.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.6.  Saudi Arabia

6.6.6.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.6.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.7.  South Africa

6.6.7.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.7.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.8.  United Arab Emirates

6.6.8.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.8.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

6.6.9.  Others

6.6.9.1.    Market Assessment and Forecast, By Product, 2017-2023 ($Million)

6.6.9.2.    Market Assessment and Forecast, By Application, 2017-2023 ($Million)

7.       Company Profiles

7.1.       DowDuPont Inc.

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Key Financials

7.1.4.  Strategic Developments

7.2.       W. Barnet GmbH & Co. Kg

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.3.       Teijin Aramid B.V.

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Key Financials

7.3.4.  Strategic Developments

7.4.       HYOSUNG

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.5.       KERMEL

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.6.       Toray

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.7.       Huvis Corporation

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.8.       Jiaxing Newtex Composites Co., Ltd.

7.8.1.  Business Overview

7.8.2.  Product Portfolio

7.8.3.  Strategic Developments

7.9.       JSC Kamenskvolokno

7.9.1.  Business Overview

7.9.2.  Product Portfolio

7.9.3.  Strategic Developments

7.10.    Kolon Industries Inc.

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments


List of Tables

Table 1.Global Aramid Fiber Market, By Product ($Million), 2017-2023

Table 2.Meta aramid Market, By Region ($Million), 2017-2023

Table 3.Para aramid Market, By Region ($Million), 2017-2023

Table 4.Copolyamide Market, By Region ($Million), 2017-2023

Table 5.Global Aramid Fiber Market, By Application ($Million), 2017-2023

Table 6.Optical fibers Market, By Region ($Million), 2017-2023

Table 7.Tire reinforcement Market, By Region ($Million), 2017-2023

Table 8.Safety applications Market, By Region ($Million), 2017-2023

Table 9.Frictional materials Market, By Region ($Million), 2017-2023

Table 10.Electrical insulation Market, By Region ($Million), 2017-2023

Table 11.Rubber reinforcement Market, By Region ($Million), 2017-2023

Table 12.Other Application Market, By Region ($Million), 2017-2023

Table 13.Global Aramid Fiber Market, By Region ($Million), 2017-2023

Table 14.North America Aramid Fiber Market, By Country, 2017-2023 ($Million)

Table 15.North America Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 16.North America Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 17.U.S. Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 18.U.S. Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 19.Canada Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 20.Canada Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 21.Mexico Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 22.Mexico Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 23.Europe Aramid Fiber Market, By Country, 2017-2023 ($Million)

Table 24.Europe Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 25.Europe Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 26.Germany Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 27.Germany Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 38.France Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 29.France Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 30.UK Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 31.UK Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 32.Italy Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 33.Italy Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 34.Spain Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 35.Spain Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 36.Rest of Europe Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 37.Rest of Europe Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 38.Asia-Pacific Aramid Fiber Market, By Country, 2017-2023 ($Million)

Table 39.Asia-Pacific Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 40.Asia-Pacific Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 41.Japan Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 42.Japan Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 43.China Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 44.China Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 45.Australia Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 46.Australia Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 47.India Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 48.India Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 49.South Korea Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 50.South Korea Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 51.Rest of Asia-Pacific Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 52.Rest of Asia-Pacific Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 53.Rest of the World Aramid Fiber Market, By Country, 2017-2023 ($Million)

Table 54.Rest of the World Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 53.Rest of the World Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 54.Brazil Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 55.Brazil Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 56.Turkey Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 57.Turkey Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 58.Saudi Arabia Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 59.Saudi Arabia Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 60.South Africa Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 61.South Africa Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 62.United Arab Emirates Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 63.United Arab Emirates Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 64.Others Aramid Fiber Market, By Product, 2017-2023 ($Million)

Table 65.Others Aramid Fiber Market, By Application, 2017-2023 ($Million)

Table 66.DowDuPont Inc.: Key Strategic Developments, 2017-2017

Table 67.W. Barnet GmbH & Co. Kg: Key Strategic Developments, 2017-2017

Table 68.Teijin Aramid B.V.: Key Strategic Developments, 2017-2017

Table 69.HYOSUNG: Key Strategic Developments, 2017-2017

Table 70.KERMEL: Key Strategic Developments, 2017-2017

Table 71.Toray: Key Strategic Developments, 2017-2017

Table 72.Huvis Corporation: Key Strategic Developments, 2017-2017

Table 73.Jiaxing Newtex Composites Co., Ltd.: Key Strategic Developments, 2017-2017

Table 74.JSC Kamenskvolokno: Key Strategic Developments, 2017-2017

Table 74.Kolon Industries Inc.: Key Strategic Developments, 2017-2017


List of Figures

Figure 1.Global Aramid Fiber Market Share, By Product, 2017 & 2023

Figure 2.Aramid Fiber Market, By Application, 2017, ($Million)

Figure 3.Aramid Fiber Market, By Region, 2017, ($Million)

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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