Biodegradable Plastics Market By Product (polylactic Acid, Polyhydroxyalkanoates, Polybutylene Succinate, Polycaprolactone, Starch-based & Regenerated Cellulose ) And Application (packaging, Textile, Agriculture, Injection Molding & Other Applications) - Global Industry Analysis And Forecast To 2023

Published On : July 2018 Pages : 180 Category: Plastics, Polymers & Resins Report Code : CM071082

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Industry Outlook and Trend Analysis

The Biodegradable Plastic Market was worth USD 7.67 billion in 2017 and is expected to reach approximately USD 17.82 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.82% during the forecast period. Plastics that deteriorate in the nature by the activity of microorganisms are for the most part known as biodegradable plastics. These plastics are partitioned into various classifications, for example, bio-based and petro-based biodegradable plastics. The most widely recognized process used in the assembling of biodegradable plastics incorporates fermentation of sugar or canola oil to deliver polylactic acid (PLA) or polyhydroxyalkanoates (PHA), which thus is changed over into biodegradable plastics. The strict regulatory norms by several governments across the globe insist on the reduction of plastic usage has pushed the demand for biodegradable plastics.

Drivers and Restraints

The stringent administrative changes by numerous governments over that demand lessening usage of plastic has increased the requirement for biodegradable plastics. This new sort of plastic adjusts to the rules as well as being eco-friendly in more courses than one. Hence, the usage of customary plastic is slowly being supplanted by biodegradable plastic, expanding the income of its worldwide market by leaps and bounds. However, the worldwide biodegradable plastics market is contrarily influenced by the staggering expense of manufacturing of biodegradable plastics. The immense distinction between the costs of ordinary plastics and biodegradable plastics has inhibited many developing economies to stay away from making use of the product.

Market Segmentation

The Biodegradable Plastic Market is segmented by product into polylactic acid, polybutylene succinate, polyhydroxyalkanoates, starch-based, regenerated cellulose and polycaprolactone. Based on application the market is segmented into packaging, agriculture, textile, injection molding and others out of which the packaging segment is anticipated to be the major consumer of biodegradable plastics in the upcoming years. The demand for biodegradable plastic packaging material will be particularly high in the food and beverages sector.

Regional Outlook and Trend Analysis

Europe is anticipated to stand out as the regional market is assessed to grow tremendously over the forecast period based on revenue. The expanding pressure on the regulatory bodies to diminish carbon emanations, landfills, and issues associated with mounting plastic waste have expanded the usage of biodegradable plastics in the area. Besides, solid existence of producers is additionally anticipated that would reinforce the district's position in the worldwide market over the gauge time frame. North America is foreseen to encounter significant development over the forecast period owing to risisng focus on reducing its carbon emissions.

Competitive Insights

The major players in the market are Corbion, BASF, Mitsubishi Chemical Corporation, Bio-On SpA, Plantic, Biome Bioplastics, FKuR and NatureWorks. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Biodegradable Plastic Market is segmented by regions as follows-

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- 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

· Biodegradable Plastics Market, By Product, Estimates and Forecast, 2014-2023 ($Million)

· Polylactic Acid

· Polyhydroxyalkanoates

· Polybutylene Succinate

· Polycaprolactone

· Starch-based

· Regenerated Cellulose

· Biodegradable Plastics Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

· Packaging

· Textile

· Agriculture

· Injection Molding

· Other Applications

· Biodegradable Plastics Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

· North America

§ North America Biodegradable Plastics Market, By Country

o U.S. Biodegradable Plastics Market

o Canada Biodegradable Plastics Market

o Mexico Biodegradable Plastics Market

· Europe

§ Europe Biodegradable Plastics Market, By Country

o Germany Biodegradable Plastics Market

o UK Biodegradable Plastics Market

o France Biodegradable Plastics Market

o Russia Biodegradable Plastics Market

o Italy Biodegradable Plastics Market

o Rest of Europe Biodegradable Plastics Market

· Asia-Pacific

§ Asia-Pacific Biodegradable Plastics Market, By Country

o China Biodegradable Plastics Market

o Japan Biodegradable Plastics Market

o South Korea Biodegradable Plastics Market

o India Biodegradable Plastics Market

o Southeast Asia Biodegradable Plastics Market

o Rest of Asia-Pacific Biodegradable Plastics Market

· South America

§ South America Biodegradable Plastics Market

o Brazil Biodegradable Plastics Market

o Argentina Biodegradable Plastics Market

o Columbia Biodegradable Plastics Market

o South Africa Biodegradable Plastics Market

o Rest of South America Biodegradable Plastics Market

· Middle East and Africa

§ Middle East and Africa Biodegradable Plastics Market

o Saudi Arabia Biodegradable Plastics Market

o UAE Biodegradable Plastics Market

o Egypt Biodegradable Plastics Market

o Nigeria Biodegradable Plastics Market

o South Africa Biodegradable Plastics Market

Rest of MEA Biodegradable Plastics 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

3.2.2. Restraints

3.2.3. Opportunities

3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

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. Biodegradable Plastics Market, By Product

5.1. Introduction

5.2. Global Biodegradable Plastics Sales, Revenue and Market Share by Product (2017-2027)

5.2.1. Global Biodegradable Plastics Sales and Sales Share by Product (2017-2027)

5.2.2. Global Biodegradable Plastics Revenue and Revenue Share by Product (2017-2027)

5.3. Polyhydroxyalkanoates

5.3.1. Global Polyhydroxyalkanoates Sales and Growth Rate (2017-2027)

5.4. Polylactic Acid

5.4.1. Global Polylactic Acid Sales and Growth Rate (2017-2027)

5.5. Polybutylene Succinate

5.5.1. Global Polybutylene Succinate Sales and Growth Rate (2017-2027)

5.6. Polycaprolactone

5.6.1. Global Polycaprolactone Sales and Growth Rate (2017-2027)

5.7. Regenerated Cellulose

5.7.1. Global Regenerated Cellulose Sales and Growth Rate (2017-2027)

5.8. Starch-based

5.8.1. Global Starch-based Sales and Growth Rate (2017-2027)

6. Biodegradable Plastics Market, By Application

6.1. Introduction

6.2. Global Biodegradable Plastics Sales, Revenue and Market Share by Application (2017-2027)

6.2.1. Global Biodegradable Plastics Sales and Sales Share by Application (2017-2027)

6.2.2. Global Biodegradable Plastics Revenue and Revenue Share by Application (2017-2027)

6.3. Textile

6.3.1. Global Textile Sales and Growth Rate (2017-2027)

6.4. Agriculture

6.4.1. Global Agriculture Sales and Growth Rate (2017-2027)

6.5. Packaging

6.5.1. Global Analytics Solutions Sales and Growth Rate (2017-2027)

6.6. Injection Molding

6.6.1. Global Injection Molding Sales and Growth Rate (2017-2027)

6.7. Other Applications

6.7.1. Global Other Applications Sales and Growth Rate (2017-2027)

7. Biodegradable Plastics Market, By Region

7.1. Introduction

7.2. Global Biodegradable Plastics Sales, Revenue and Market Share by Regions

7.2.1. Global Biodegradable Plastics Sales by Regions (2017-2027)

7.2.2. Global Biodegradable Plastics Revenue by Regions (2017-2027)

7.3. North America Biodegradable Plastics by Countries

7.3.1. North America Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.3.2. North America Biodegradable Plastics Revenue and Growth Rate (2017-2027)

7.3.3. North America Biodegradable Plastics Sales by Countries (2017-2027)

7.3.4. North America Biodegradable Plastics Revenue (Million USD) by Countries (2017-2027)

7.3.5. U.S.

7.3.5.1. United States Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.3.5.2. United States Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6. Canada

7.3.6.1. Canada Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.3.6.2. Canada Biodegradable Plastics Sales (Millions USD) and Growth Rate (2017-2027)

7.3.7. Mexico

7.3.7.1. Mexico Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.3.7.2. Mexico Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4. Europe Biodegradable Plastics by Countries

7.4.1. Europe Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.2. Europe Biodegradable Plastics Revenue and Growth Rate (2017-2027)

7.4.3. Europe Biodegradable Plastics Sales by Countries (2017-2027)

7.4.4. Europe Biodegradable Plastics Revenue (Million USD) by Countries (2017-2027)

7.4.5. Germany

7.4.5.1. Germany Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.5.2. Germany Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6. UK

7.4.6.1. UK Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.6.2. UK Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7. France

7.4.7.1. France Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.7.2. France Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8. Russia

7.4.8.1. Russia Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.8.2. Russia Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9. Italy

7.4.9.1. Italy Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.9.2. Italy Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10. Rest of Europe

7.4.10.1. Rest of Europe Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.4.10.2. Rest of Europe Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5. Asia-Pacific

7.5.1. Asia-Pacific Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.2. Asia-Pacific Biodegradable Plastics Revenue and Growth Rate (2017-2027)

7.5.3. Asia-Pacific Biodegradable Plastics Sales by Countries (2017-2027)

7.5.4. Asia-Pacific Biodegradable Plastics Revenue (Million USD) by Countries (2017-2027)

7.5.5. China

7.5.5.1. China Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.5.2. China Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6. Japan

7.5.6.1. Japan Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.6.2. Japan Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.

7.5.7. Korea

7.5.7.1. Korea Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.7.2. Korea Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8. India

7.5.8.1. India Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.8.2. India Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9. Southeast Asia

7.5.9.1. Southeast Asia Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.9.2. Southeast Asia Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10. Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.5.10.2. Rest of Asia-Pacific Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.6. South America

7.6.1. South America Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.6.2. South America Biodegradable Plastics Revenue and Growth Rate (2017-2027)

7.6.3. South America Biodegradable Plastics Sales by Countries (2017-2027)

7.6.4. South America Biodegradable Plastics Revenue (Million USD) by Countries (2017-2027)

7.6.5. Brazil

7.6.5.1. Brazil Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.6.5.2. Brazil Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6. Argentina

7.6.6.1. Argentina Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.6.6.2. Argentina Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7. Columbia

7.6.7.1. Columbia Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.6.7.2. Columbia Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8. Rest of South America

7.6.8.1. Rest of South America Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.6.8.2. Rest of South America Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7. Middle East and Africa

7.7.1. Middle East and Africa Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.2. Middle East and Africa Biodegradable Plastics Revenue and Growth Rate (2017-2027)

7.7.3. Middle East and Africa Biodegradable Plastics Sales by Countries (2017-2027)

7.7.4. Middle East and Africa Biodegradable Plastics Revenue (Million USD) by Countries (2017-2027)

7.7.5. Saudi Arabia

7.7.5.1. Saudi Arabia Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.5.2. Saudi Arabia Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6. United Arab Emirates

7.7.6.1. United Arab Emirates Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.6.2. United Arab Emirates Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7. Egypt

7.7.7.1. Egypt Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.7.2. Egypt Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8. Nigeria

7.7.8.1. Nigeria Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.8.2. Nigeria Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9. South Africa

7.7.9.1. South Africa Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.9.2. South Africa Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.10. Rest of Middle East and Africa

7.7.10.1. Rest of Middle East and Africa Biodegradable Plastics Sales and Growth Rate (2017-2027)

7.7.10.2. Rest of Middle East and Africa Biodegradable Plastics Revenue (Millions USD) and Growth Rate (2017-2027)

8. Company Profiles

8.1. BIO-ON

8.1.1. Business Overview

8.1.2. Product Portfolio

8.1.3. Strategic Developments

8.1.4. Sales, Revenue and Market Share

8.2. BASF SE

8.2.1. Business Overview

8.2.2. Product Portfolio

8.2.3. Strategic Developments

8.2.4. Sales, Revenue and Market Share

8.3. Biome Bioplastics

8.3.1. Business Overview

8.3.2. Product Portfolio

8.3.3. Strategic Developments

8.3.4. Sales, Revenue and Market Share

8.4. FKuR

8.4.1. Business Overview

8.4.2. Product Portfolio

8.4.3. Strategic Developments

8.4.4. Sales, Revenue and Market Share

8.5. Corbion

8.5.1. Business Overview

8.5.2. Product Portfolio

8.5.3. Strategic Developments

8.5.4. Sales, Revenue and Market Share

8.6. MHG

8.6.1. Business Overview

8.6.2. Product Portfolio

8.6.3. Strategic Developments

8.6.4. Sales, Revenue and Market Share

8.7. Natur -Tec India Private Limited

8.7.1. Business Overview

8.7.2. Product Portfolio

8.7.3. Strategic Developments

8.7.4. Sales, Revenue and Market Share

8.8. Nature Works LLC

8.8.1. Business Overview

8.8.2. Product Portfolio

8.8.3. Strategic Developments

8.8.4. Sales, Revenue and Market Share

8.9. Mitsubishi Chemical Corporation

8.9.1. Business Overview

8.9.2. Product Portfolio

8.9.3. Strategic Developments

8.9.4. Sales, Revenue and Market Share

8.10. Plantic

8.10.1. Business Overview

8.10.2. Product Portfolio

8.10.3. Strategic Developments

8.10.4. Sales, Revenue and Market Share

9. Global Biodegradable Plastics Market Competition, by Manufacturer

9.1. Global Biodegradable Plastics Sales and Market Share by Manufacturer (2017-2017)

9.2. Global Biodegradable Plastics Revenue and Market Share by Manufacturer (2017-2017)

9.3. Global Biodegradable Plastics Price by Manufacturer (2017-2017)

9.4. Top 5 Biodegradable Plastics Manufacturer Market Share

9.5. Market Competition Trend

10. Biodegradable Plastics Market Forecast (2027-2023)

10.1. Global Biodegradable Plastics Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

10.2. Biodegradable Plastics Market Forecast by Regions (2027-2023)

10.2.1. North America Biodegradable Plastics Market Forecast (2027-2023)

10.2.1.1. United States Biodegradable Plastics Market Forecast (2027-2023)

10.2.1.2. Canada Biodegradable Plastics Market Forecast (2027-2023)

10.2.1.3. Mexico Biodegradable Plastics Market Forecast (2027-2023)

10.2.2. Europe Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.1. Germany Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.2. United Kingdom Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.3. France Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.4. Russia Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.5. Italy Biodegradable Plastics Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Biodegradable Plastics Market Forecast (2027-2023)

10.2.3. Asia-Pacific Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.1. China Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.2. Japan Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.3. Korea Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.4. India Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Biodegradable Plastics Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Biodegradable Plastics Market Forecast (2027-2023)

10.2.4. South America Biodegradable Plastics Market Forecast (2027-2023)

10.2.4.1. Brazil Biodegradable Plastics Market Forecast (2027-2023)

10.2.4.2. Argentina Biodegradable Plastics Market Forecast (2027-2023)

10.2.4.3. Columbia Biodegradable Plastics Market Forecast (2027-2023)

10.2.4.4. Rest of South America Biodegradable Plastics Market Forecast (2027-2023)

10.2.5. Middle East and Africa Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.2. UAE Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.3. Egypt Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.4. Nigeria Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.5. South Africa Biodegradable Plastics Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Biodegradable Plastics Market Forecast (2027-2023)

10.3. Biodegradable Plastics Market Forecast by Product (2027-2023)

10.3.1. Global Biodegradable Plastics Sales Forecast by Product (2027-2023)

10.3.2. Global Biodegradable Plastics Sales Market Share Forecast by Product (2027-2023)

10.4. Biodegradable Plastics Market Forecast by Application (2027-2023)

10.4.1. Global Biodegradable Plastics Sales Forecast by Application (2027-2023)

10.4.2. Global Biodegradable Plastics Sales Market Share Forecast by Application (2027-2023)

List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Biodegradable Plastics 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

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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