Biosensors Market By Application (medical Applications, Food Toxicity Detection, Industrial Process Control, Agriculture, Environment & Other Applications), Technology (thermal Biosensors, Electrochemical Biosensors, Piezoelectric Biosensors & Optical Biosensors) And End User (home Healthcare Diagnostics, Point Of Care Testing, Food Industry, Research Laboratories & Security And Bio-defense) - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Medical Devices Report Code : HC061036
Industry Outlook and Trend Analysis
The Biosensors Market was worth USD 13.38 billion in 2017 and is expected to reach approximately USD 28.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.87% during the forecast period. The Biosensors are the therapeutic gadgets that give scientific data with the help of given organic reactions accessible in miniaturized scale volumes. The biosensors incorporate three segments to be specific the bio components, natural acknowledgment unit and the transducers. The organic acknowledgment unit manages the given natural reactions, bio-components that build up proteins, anti-infection agents, living tissues and transducers. They change the signs delivered with the contact of bio-components with organic acknowledgment unit into electric flag. Biosensors are progressed and creative innovative therapeutic gadgets that are utilized as a part of ultra-microanalysis providing high level yield, precision, determination and affectability inside sensible rates. The biosensors are vital gadgets that highlight speedy confinement capacity, simple utilization and minimal effort and have versatile arrangements.
Drivers & Restrains
The rising predominance of changes in lifestyles and chronic maladies are requesting the point-of-care testing (POCT), ascend in the geriatric populace and biosensors for nanotechnology anticipated that would fuel up the development of biosensors industry. The expanding ubiquity of therapeutic gear, customized solutions and more extensive worthiness of easy to understand biosensors are relied upon to become the biosensors market Disregarding these driving elements, the market is detecting to confront limitations rising up out of muddled repayment approaches and strict administrative necessities actualized in the worldwide healthcare industry. Additionally, the selection speed of these administrative prerequisites to cutting edge innovations is slower because of which the worldwide market is expecting obstacles.
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth over the forecast period. Innovative progressions, for example, the presentation of scaled down analytic hardware rendering quick and precise outcomes and rising business sector entrance of Electronic Medical Records (EMR) are additionally anticipated that would drive market development over the gauge time frame. Furthermore, nearness of Clean Air Act, Clean Water Act, and National Environmental Policy Act in the U.S., which are consistently observing the natural contamination are relied upon to give this local market lucrative development openings over the estimate time frame.
Competitive Insights
The leading players in the market are Abbott Laboratories, Bayer AG, AZUR Environmental, Cranfield Biotechnology Centre and DuPont Biosensor Materials. 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 Biosensors Market is segmented as follows-
By Application:
- Medical Applications
- Food Toxicity Detection
- Industrial Process Control (Bioreactor)
- Agriculture
- Environment
- Other Applications
By Technology:
- Thermal Biosensors
- Electrochemical Biosensors
- Piezoelectric Biosensors
- Optical Biosensors
By End User:
- Home Healthcare Diagnostics
- Point of Care Testing
- Food Industry
- Research Laboratories
- Security and Bio-Defence
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
· Biosensors Market, Application, Estimates and Forecast, 2014-2023($Billion)
o Medical Applications
o Food Toxicity Detection
o Industrial Process Control (Bioreactor)
o Agriculture
o Environment
o Other Applications
· Biosensors Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
o Thermal Biosensors
o Electrochemical Biosensors
o Piezoelectric Biosensors
o Optical Biosensors
· Biosensors Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Home Healthcare Diagnostics
o Point of Care Testing
o Food Industry
o Research Laboratories
o Security and Bio-Defense
· Biosensors Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Biosensors Market, By Country
o U.S. Biosensors Market
o Canada Biosensors Market
o Mexico Biosensors Market
o Europe
§ Europe Biosensors Market, By Country
o Germany Biosensors Market
o UK Biosensors Market
o France Biosensors Market
o Russia Biosensors Market
o Italy Biosensors Market
o Rest of Europe Biosensors Market
o Asia-Pacific
§ Asia-Pacific Biosensors Market, By Country
o China Biosensors Market
o Japan Biosensors Market
o South Korea Biosensors Market
o India Biosensors Market
o Southeast Asia Biosensors Market
o Rest of Asia-Pacific Biosensors Market
o South America
§ South America Biosensors Market
o Brazil Biosensors Market
o Argentina Biosensors Market
o Columbia Biosensors Market
o South Africa Biosensors Market
o Rest of South America Biosensors Market
o Middle East and Africa
§ Middle East and Africa Biosensors Market
o Saudi Arabia Biosensors Market
o UAE Biosensors Market
o Egypt Biosensors Market
o Nigeria Biosensors Market
o South Africa Biosensors Market
o Rest of MEA Biosensors 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. Biosensors Market, By Application
5.1. Introduction
5.2. Global Biosensors Sales, Revenue and Market Share by Application (2017-2027)
5.2.1. Global Biosensors Sales and Sales Share by Application (2017-2027)
5.2.2. Global Biosensors Revenue and Revenue Share by Application (2017-2027)
5.3. Medical Applications
5.3.1. Global Medical Applications Sales and Growth Rate (2017-2027)
5.4. Food Toxicity Detection
5.4.1. Global Food Toxicity Detection Sales and Growth Rate (2017-2027)
5.5. Industrial Process Control (Bioreactor)
5.5.1. Global Industrial Process Control (Bioreactor) Sales and Growth Rate (2017-2027)
5.6. Agriculture
5.6.1. Global Agriculture Sales and Growth Rate (2017-2027)
5.7. Environment
5.7.1. Global Environment Sales and Growth Rate (2017-2027)
5.8. Other Applications
5.8.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Biosensors Market, By Technology
6.1. Introduction
6.2. Global Biosensors Sales, Revenue and Market Share by Technology (2017-2027)
6.2.1. Global Biosensors Sales and Sales Share by Technology (2017-2027)
6.2.2. Global Biosensors Revenue and Revenue Share by Technology (2017-2027)
6.3. Thermal Biosensors
6.3.1. Global Thermal Biosensors Sales and Growth Rate (2017-2027)
6.4. Electrochemical Biosensors
6.4.1. Global Electrochemical Biosensors Sales and Growth Rate (2017-2027)
6.5. Piezoelectric Biosensors
6.5.1. Global Piezoelectric Biosensors Sales and Growth Rate (2017-2027)
6.6. Optical Biosensors
6.6.1. Global Optical Biosensors Sales and Growth Rate (2017-2027)
7. Biosensors Market, By End User
7.1. Introduction
7.2. Global Biosensors Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global Biosensors Sales and Sales Share by End User (2017-2027)
7.2.2. Global Biosensors Revenue and Revenue Share by End User (2017-2027)
7.3. Home Healthcare Diagnostics
7.3.1. Global Home Healthcare Diagnostics Sales and Growth Rate (2017-2027)
7.4. Point of Care Testing
7.4.1. Global Point of Care Testing Sales and Growth Rate (2017-2027)
7.5. Food Industry
7.5.1. Global Food Industry Sales and Growth Rate (2017-2027)
7.6. Research Laboratories
7.6.1. Global Research Laboratories Sales and Growth Rate (2017-2027)
7.7. Security and Bio-Defense
7.7.1. Global Security and Bio-Defense Sales and Growth Rate (2017-2027)
8. Biosensors Market, By Region
8.1. Introduction
8.2. Global Biosensors Sales, Revenue and Market Share by Regions
8.2.1. Global Biosensors Sales by Regions (2017-2027)
8.2.2. Global Biosensors Revenue by Regions (2017-2027)
8.3. North America Biosensors by Countries
8.3.1. North America Biosensors Sales and Growth Rate (2017-2027)
8.3.2. North America Biosensors Revenue and Growth Rate (2017-2027)
8.3.3. North America Biosensors Sales by Countries (2017-2027)
8.3.4. North America Biosensors Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Biosensors Sales and Growth Rate (2017-2027)
8.3.5.2. United States Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Biosensors Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Biosensors Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Biosensors Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Biosensors by Countries
8.4.1. Europe Biosensors Sales and Growth Rate (2017-2027)
8.4.2. Europe Biosensors Revenue and Growth Rate (2017-2027)
8.4.3. Europe Biosensors Sales by Countries (2017-2027)
8.4.4. Europe Biosensors Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Biosensors Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Biosensors Sales and Growth Rate (2017-2027)
8.4.6.2. UK Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Biosensors Sales and Growth Rate (2017-2027)
8.4.7.2. France Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Biosensors Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Biosensors Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Biosensors Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Biosensors Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Biosensors Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Biosensors Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Biosensors Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Biosensors Sales and Growth Rate (2017-2027)
8.5.5.2. China Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Biosensors Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Biosensors Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Biosensors Sales and Growth Rate (2017-2027)
8.5.8.2. India Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Biosensors Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Biosensors Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Biosensors Sales and Growth Rate (2017-2027)
8.6.2. South America Biosensors Revenue and Growth Rate (2017-2027)
8.6.3. South America Biosensors Sales by Countries (2017-2027)
8.6.4. South America Biosensors Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Biosensors Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Biosensors Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Biosensors Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Biosensors Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Biosensors Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Biosensors Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Biosensors Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Biosensors Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Biosensors Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Biosensors Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Biosensors Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Biosensors Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Biosensors Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Biosensors Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Biosensors Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. AZUR Environmental
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Abbott Laboratories
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. Biosensor BV
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Bayer
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Cranefield Biotechnology Center
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Chiron
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. DuPont Biosensor Materials
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Draeger Safety
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Ercon, Inc.
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. EG & IC Sensors
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Biosensors Market Competition, by Manufacturer
10.1. Global Biosensors Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Biosensors Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Biosensors Price by Manufacturer (2017-2017)
10.4. Top 5 Biosensors Manufacturer Market Share
10.5. Market Competition Trend
11. Biosensors Market Forecast (2027-2023)
11.1. Global Biosensors Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Biosensors Market Forecast by Regions (2027-2023)
11.2.1. North America Biosensors Market Forecast (2027-2023)
11.2.1.1. United States Biosensors Market Forecast (2027-2023)
11.2.1.2. Canada Biosensors Market Forecast (2027-2023)
11.2.1.3. Mexico Biosensors Market Forecast (2027-2023)
11.2.2. Europe Biosensors Market Forecast (2027-2023)
11.2.2.1. Germany Biosensors Market Forecast (2027-2023)
11.2.2.2. United Kingdom Biosensors Market Forecast (2027-2023)
11.2.2.3. France Biosensors Market Forecast (2027-2023)
11.2.2.4. Russia Biosensors Market Forecast (2027-2023)
11.2.2.5. Italy Biosensors Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Biosensors Market Forecast (2027-2023)
11.2.3. Asia-Pacific Biosensors Market Forecast (2027-2023)
11.2.3.1. China Biosensors Market Forecast (2027-2023)
11.2.3.2. Japan Biosensors Market Forecast (2027-2023)
11.2.3.3. Korea Biosensors Market Forecast (2027-2023)
11.2.3.4. India Biosensors Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Biosensors Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Biosensors Market Forecast (2027-2023)
11.2.4. South America Biosensors Market Forecast (2027-2023)
11.2.4.1. Brazil Biosensors Market Forecast (2027-2023)
11.2.4.2. Argentina Biosensors Market Forecast (2027-2023)
11.2.4.3. Columbia Biosensors Market Forecast (2027-2023)
11.2.4.4. Rest of South America Biosensors Market Forecast (2027-2023)
11.2.5. Middle East and Africa Biosensors Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Biosensors Market Forecast (2027-2023)
11.2.5.2. UAE Biosensors Market Forecast (2027-2023)
11.2.5.3. Egypt Biosensors Market Forecast (2027-2023)
11.2.5.4. Nigeria Biosensors Market Forecast (2027-2023)
11.2.5.5. South Africa Biosensors Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Biosensors Market Forecast (2027-2023)
11.3. Biosensors Market Forecast by Application (2027-2023)
11.3.1. Global Biosensors Sales Forecast by Application (2027-2023)
11.3.2. Global Biosensors Sales Market Share Forecast by Application (2027-2023)
11.4. Biosensors Market Forecast by Technology (2027-2023)
11.4.1. Global Biosensors Sales Forecast by Technology (2027-2023)
11.4.2. Global Biosensors Sales Market Share Forecast by Technology (2027-2023)
11.5. Biosensors Market Forecast by End User (2027-2023)
11.5.1. Global Biosensors Sales Forecast by End User (2027-2023)
11.5.2. Global Biosensors Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Biosensors 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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