Bio Adipic Acid Market By Application And End User- Global Industry Analysis And Forecast To 2023.
Published On : April 2018 Pages : 90 Category: Advanced Materials Report Code : CM04712
The bio adipic acid market was valued as USD 4.28 billion in 2017 and expected to reach USD 6.27 billion by 2023, registering a compound annual growth rate of 4.32%. Adipic acid is widely used as dicarboxylic acid in the industries mainly for the production of nylons. The properties such as excellent energy absorbing, lightweight in nature, and durability have raised the demand of the product in the market. As due to immense use of nylon in textiles and automobile components there is a rise in the demand of the adipic acid in the market. Basically the market of the adipic acid is at the beginning stage as companies are focusing on the Research and Development department for the development of the product. While producing adipic acid harmful and toxic gases such are nitrogen gas are emitted into the environment and to reduce them is one of the challenging factor. The adipic acids are prepared by a chemical reaction of cyclohexanol and cyclohexanone which is also known as ketone alcohol oil with the nitrogen compounds.
Application Outlook and Trend Analysis:
Adipic acids are basically used for the production of Nylon6,6 and Polyurethane. The Nylon6,6 market have acquired the largest share of the market and will continue to grow at a compound annual growth rate of XX%. On the other hand polyurethane will achieve a steady growth in the near future. Nylon6,6 are widely used for developing textiles and automobile parts and due to which there is rise in demand for this product. Bio-Polyurethane will soon replace the conventional based polyurethane which is mostly used in electronics and construction industry and thus increasing the production of bio based adipic acid.
End User Outlook and Trend Analysis:
Adipic acid are used in variety of end user application such construction, automobile, medical, food and electronics industry. Among this the Automobile sector has acquired the largest share in the adipic acid market globally. Adipic acids are used as flavorant in food industry and are used as for coatings the drugs in the medical industry. The demand for adipic acid in the food and medical industry will achieve a steady growth over the forecast period.
Regional Outlook and Trend Analysis:
North-American region has acquired the largest share of the adipic acid in 2017 and is expected to grow at a significant compound annual growth rate over the forecast period. Asia-Pacific region has also been the dominating due to rise in industrialization in countries such as China, Japan and India. On the other hand Europe and other Mid-Eastern regions market will grow at a steady pace.
Competition Insights:
The leading competitors for the production of Bio based adipic acid are PetroChina Liaoyang Petrochemical, Rhodia, Shandong Hongye Chemical Company, Ascend Performance Materials Inc., Asahi Kasei Corporation Invista, Lanxess Ag, Radici Group, Shandong, Haili Chemical Industry Company Ltd., and BASF SE, Ltd., and others.
The Bio Adipic Acid is segmented as follows:
By Application:
- Nylon 6,6
- Polyurethane
By End User:
- Automobile
- Food Industry
- Medical
- Construction
- Electronics
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
- Southeast Asia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
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
· Bio Adipic Acid Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
o Nylon 6,6
o Polyurethane
· Bio Adipic Acid Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
o Automobile
o Food Industry
o Medical
o Construction
o Electronics
· Bio Adipic Acid Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Bio Adipic Acid Market, By Country
o U.S. Bio Adipic Acid Market
o Canada Bio Adipic Acid Market
o Mexico Bio Adipic Acid Market
o Europe
§ Europe Bio Adipic Acid Market, By Country
o Germany Bio Adipic Acid Market
o UK Bio Adipic Acid Market
o France Bio Adipic Acid Market
o Russia Bio Adipic Acid Market
o Italy Bio Adipic Acid Market
o Rest of Europe Bio Adipic Acid Market
o Asia-Pacific
§ Asia-Pacific Bio Adipic Acid Market, By Country
o China Bio Adipic Acid Market
o Japan Bio Adipic Acid Market
o South Korea Bio Adipic Acid Market
o India Bio Adipic Acid Market
o Southeast Asia Bio Adipic Acid Market
o Rest of Asia-Pacific Bio Adipic Acid Market
o South America
§ South America Bio Adipic Acid Market
o Brazil Bio Adipic Acid Market
o Argentina Bio Adipic Acid Market
o Columbia Bio Adipic Acid Market
o South Africa Bio Adipic Acid Market
o Rest of South America Bio Adipic Acid Market
o Middle East and Africa
§ Middle East and Africa Bio Adipic Acid Market
o Saudi Arabia Bio Adipic Acid Market
o UAE Bio Adipic Acid Market
o Egypt Bio Adipic Acid Market
o Nigeria Bio Adipic Acid Market
o South Africa Bio Adipic Acid Market
o Rest of MEA Bio Adipic Acid Market
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. Growing demand in nylon application in the market
3.2.2. Restraints
3.2.2.1. Causes various environmental problems
3.2.2.2. High investments in the R&D department
3.2.3. Opportunities
3.2.3.1. Shift to the bio-based adipic acid.
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Bio Adipic Acid Market, By Application
5.1. Introduction
5.2. Global Bio Adipic Acid Sales, Revenue and Market Share By Application (2017-2027)
5.2.1. Global Bio Adipic Acid Sales and Sales Share By Application (2017-2027)
5.2.2. Global Bio Adipic Acid Revenue and Revenue Share By Application (2017-2027)
5.3. Nylon 6,6
5.3.1. Global Nylon 6,6 Sales and Growth Rate (2017-2027)
5.4. Polyurethane
5.4.1. Global Polyurethane Sales and Growth Rate (2017-2027)
5.5. Bio Adipic Acid Market, By End User
5.6. Introduction
5.7. Global Bio Adipic Acid Sales, Revenue and Market Share by End User(2017-2027)
5.7.1. Global Bio Adipic Acid Sales and Sales Share by End User(2017-2027)
5.7.2. Global Bio Adipic Acid Revenue and Revenue Share by End User(2017-2027)
5.8. Automobile
5.8.1. Global Automobile Sales and Growth Rate (2017-2027)
5.9. Food Industry
5.9.1. Global Food Industry Sales and Growth Rate (2017-2027)
5.10. Medical
5.10.1. Global Medical Sales and Growth Rate (2017-2027)
5.11. Construction
5.11.1. Global Construction Sales and Growth Rate (2017-2027)
5.12. Electronics
5.12.1. Electronics Sales and Growth Rate (2017-2027)
6. Bio Adipic Acid Market, By Region
6.1. Introduction
6.2. Global Bio Adipic Acid Sales, Revenue and Market Share by Regions
6.2.1. Global Bio Adipic Acid Sales by Regions (2017-2027)
6.2.2. Global Bio Adipic Acid Revenue by Regions (2017-2027)
6.3. North America Bio Adipic Acid by Countries
6.3.1. North America Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.3.2. North America Bio Adipic Acid Revenue and Growth Rate (2017-2027)
6.3.3. North America Bio Adipic Acid Sales by Countries (2017-2027)
6.3.4. North America Bio Adipic Acid Revenue (Million USD) by Countries (2017-2027)
6.3.5. U.S.
6.3.5.1. United States Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.3.5.2. United States Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.3.6. Canada
6.3.6.1. Canada Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.3.6.2. Canada Bio Adipic Acid Sales (Millions USD) and Growth Rate (2017-2027)
6.3.7. Mexico
6.3.7.1. Mexico Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.3.7.2. Mexico Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4. Europe Bio Adipic Acid by Countries
6.4.1. Europe Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.2. Europe Bio Adipic Acid Revenue and Growth Rate (2017-2027)
6.4.3. Europe Bio Adipic Acid Sales by Countries (2017-2027)
6.4.4. Europe Bio Adipic Acid Revenue (Million USD) by Countries (2017-2027)
6.4.5. Germany
6.4.5.1. Germany Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.5.2. Germany Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.6. UK
6.4.6.1. UK Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.6.2. UK Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.7. France
6.4.7.1. France Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.7.2. France Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.8. Russia
6.4.8.1. Russia Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.8.2. Russia Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.9. Italy
6.4.9.1. Italy Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.9.2. Italy Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.10. Rest of Europe
6.4.10.1. Rest of Europe Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.4.10.2. Rest of Europe Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.2. Asia-Pacific Bio Adipic Acid Revenue and Growth Rate (2017-2027)
6.5.3. Asia-Pacific Bio Adipic Acid Sales by Countries (2017-2027)
6.5.4. Asia-Pacific Bio Adipic Acid Revenue (Million USD) by Countries (2017-2027)
6.5.5. China
6.5.5.1. China Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.5.2. China Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6. Japan
6.5.6.1. Japan Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.6.2. Japan Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.7. Korea
6.5.7.1. Korea Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.7.2. Korea Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.8. India
6.5.8.1. India Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.8.2. India Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.9. Southeast Asia
6.5.9.1. Southeast Asia Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.9.2. Southeast Asia Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.10. Rest of Asia-Pacific
6.5.10.1. Rest of Asia-Pacific Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.5.10.2. Rest of Asia-Pacific Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6. South America
6.6.1. South America Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.6.2. South America Bio Adipic Acid Revenue and Growth Rate (2017-2027)
6.6.3. South America Bio Adipic Acid Sales by Countries (2017-2027)
6.6.4. South America Bio Adipic Acid Revenue (Million USD) by Countries (2017-2027)
6.6.5. Brazil
6.6.5.1. Brazil Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.6.5.2. Brazil Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.6. Argentina
6.6.6.1. Argentina Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.6.6.2. Argentina Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.7. Columbia
6.6.7.1. Columbia Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.6.7.2. Columbia Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.8. Rest of South America
6.6.8.1. Rest of South America Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.6.8.2. Rest of South America Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7. Middle East and Africa
6.7.1. Middle East and Africa Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.2. Middle East and Africa Bio Adipic Acid Revenue and Growth Rate (2017-2027)
6.7.3. Middle East and Africa Bio Adipic Acid Sales by Countries (2017-2027)
6.7.4. Middle East and Africa Bio Adipic Acid Revenue (Million USD) by Countries (2017-2027)
6.7.5. Saudi Arabia
6.7.5.1. Saudi Arabia Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.5.2. Saudi Arabia Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.6. United Arab Emirates
6.7.6.1. United Arab Emirates Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.6.2. United Arab Emirates Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.7. Egypt
6.7.7.1. Egypt Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.7.2. Egypt Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.8. Nigeria
6.7.8.1. Nigeria Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.8.2. Nigeria Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.9. South Africa
6.7.9.1. South Africa Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.9.2. South Africa Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.10. Rest of Middle East and Africa
6.7.10.1. Rest of Middle East and Africa Bio Adipic Acid Sales and Growth Rate (2017-2027)
6.7.10.2. Rest of Middle East and Africa Bio Adipic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7. Company Profiles
7.1. PetroChina Liaoyang Petrochemical
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Sales, Revenue and Market Share
7.2. RHODIA
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Sales, Revenue and Market Share
7.3. Shandong Hongye Chemical Company
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Sales, Revenue and Market Share
7.4. Ascend Performance Materials Inc.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Sales, Revenue and Market Share
7.5. Asahi Kasei Corporation
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Sales, Revenue and Market Share
7.6. Invista
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Sales, Revenue and Market Share
7.7. Lanxess Ag
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Sales, Revenue and Market Share
7.8. Radici Group
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Sales, Revenue and Market Share
8. Global Bio Adipic Acid Market Competition, by Manufacturer
8.1. Global Bio Adipic Acid Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Bio Adipic Acid Revenue and Market Share by Manufacturer (2017-2017)
8.3. Global Bio Adipic Acid Price by Manufacturer (2017-2017)
8.4. Top 5 Bio Adipic Acid Manufacturer Market Share
8.5. Market Competition Trend
9. Bio Adipic Acid Market Forecast (2027-2023)
9.1. Global Bio Adipic Acid Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
9.2. Bio Adipic Acid Market Forecast by Regions (2027-2023)
9.2.1. North America Bio Adipic Acid Market Forecast (2027-2023)
9.2.1.1. United States Bio Adipic Acid Market Forecast (2027-2023)
9.2.1.2. Canada Bio Adipic Acid Market Forecast (2027-2023)
9.2.1.3. Mexico Bio Adipic Acid Market Forecast (2027-2023)
9.2.2. Europe Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.1. Germany Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.2. United Kingdom Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.3. France Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.4. Russia Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.5. Italy Bio Adipic Acid Market Forecast (2027-2023)
9.2.2.6. Rest of the Europe Bio Adipic Acid Market Forecast (2027-2023)
9.2.3. Asia-Pacific Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.1. China Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.2. Japan Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.3. Korea Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.4. India Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.5. Southeast Asia Bio Adipic Acid Market Forecast (2027-2023)
9.2.3.6. Rest of Asia-Pacific Bio Adipic Acid Market Forecast (2027-2023)
9.2.4. South America Bio Adipic Acid Market Forecast (2027-2023)
9.2.4.1. Brazil Bio Adipic Acid Market Forecast (2027-2023)
9.2.4.2. Argentina Bio Adipic Acid Market Forecast (2027-2023)
9.2.4.3. Columbia Bio Adipic Acid Market Forecast (2027-2023)
9.2.4.4. Rest of South America Bio Adipic Acid Market Forecast (2027-2023)
9.2.5. Middle East and Africa Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.1. Saudi Arabia Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.2. UAE Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.3. Egypt Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.4. Nigeria Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.5. South Africa Bio Adipic Acid Market Forecast (2027-2023)
9.2.5.6. Rest of MEA Bio Adipic Acid Market Forecast (2027-2023)
9.3. Bio Adipic Acid Market Forecast By Application (2027-2023)
9.3.1. Global Bio Adipic Acid Sales Forecast By Application(2027-2023)
9.3.2. Global Bio Adipic Acid Sales Market Share Forecast By Application (2027-2023)
9.4. Bio Adipic Acid Market Forecast by End User(2027-2023)
9.4.1. Global Bio Adipic Acid Sales Forecast by End User(2027-2023)
9.4.2. Global Bio Adipic Acid Sales Market Share Forecast by End User(2027-2023)
*You can glance through the list of Tables and Figures when you view the sample copy of Bio Adipic Acid Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Bio Adipic Acid Market.
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
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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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
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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