Blockchain Technology Market By Type And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Semiconductor Materials & Components Report Code : SE06966
Industry Outlook and Trend Analysis
The Blockchain Technology Market was worth USD 0.31 billion in 2017 and is expected to reach approximately USD 19.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 58.70% during the forecast period. Blockchain technology is a standout amongst the most encouraging improvements in the information innovation (IT) domain. It empowers a record that can be accessed by all parties engaged with the transaction and can go about as the general obvious storehouse of all exchanges between included parties. The various advantages associated with creating such a stage have just pulled in enormous traction as well as investments, from the financial segment and additionally numerous technological giants. The technology holds the capacity to change the way the financial division works and would bring about positively affecting numerous different enterprises including consumer goods, technology, and telecom and media.
Type Outlook and Trend Analysis
Public networks developed as the prevailing section in the blockchain technology market attributable to rising propensity of governments and foundations to teach open and productive transactions. For instance, the Australian Securities Exchange (ASX) declared that the trade had aims to move Australia's settlement and clearing systems on the blockchain stage. The private network section enables organizations to change guidelines and reverse transactions at relatively less expensive transaction rates.
Application Outlook and Trend Analysis
Blockchain technology tremendously benefits budgetary transactions that occur in organizations around the globe. This is completed by giving openness, anonymity, and efficiency by utilizing the capacities of the Internet era. The financial division stands to profit the most from this innovation and has been a proactive accomplice and financial specialist in its improvement from the underlying stages.
Regional Outlook and Trend Analysis
North America commanded the general market and represented 40.9% of the worldwide income. This can be ascribed to speedier reception of innovative technologies in developed nations, for example, U.S. also, Canada. Profoundly competitive condition in U.S., due to the existence of technology suppliers, for example, Microsoft and Deloitte, is exceptionally adding to the infusion of different blockchain solutions. A developing money related division in rising nations, for example, China and India is anticipated to invigorate the development of the Asia Pacific market.
Competitive Insights
The leading players in the market are Microsoft Corporation, Deloitte Touche Tohmatsu, Linux Foundation, BTL Group, IBM, Ripple, Eric Industries, Chain Inc and Global Arena Holding Inc. 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 Blockchain Technology Market is segmented as follows-
By Type:
- Private
- Public
- Hybrid
By End User:
- Consumer or Industrial Products
- Healthcare
- Public Sector
- Financial Services
- Technology, Media, and Telecom
- Transportation
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
· Blockchain Technology Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Public
· Private
· Hybrid
· Blockchain Technology Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Financial Services
· Consumer or Industrial Electronics
· Technology, Media, and Telecom
· Healthcare
· Transportation
· Public Sector
· Blockchain Technology Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Blockchain Technology Market, By Country
o U.S. Blockchain Technology Market
o Canada Blockchain Technology Market
o Mexico Blockchain Technology Market
· Europe
§ Europe Blockchain Technology Market, By Country
o Germany Blockchain Technology Market
o UK Blockchain Technology Market
o France Blockchain Technology Market
o Russia Blockchain Technology Market
o Italy Blockchain Technology Market
o Rest of Europe Blockchain Technology Market
· Asia-Pacific
§ Asia-Pacific Blockchain Technology Market, By Country
o China Blockchain Technology Market
o Japan Blockchain Technology Market
o South Korea Blockchain Technology Market
o India Blockchain Technology Market
o Southeast Asia Blockchain Technology Market
o Rest of Asia-Pacific Blockchain Technology Market
· South America
§ South America Blockchain Technology Market
o Brazil Blockchain Technology Market
o Argentina Blockchain Technology Market
o Columbia Blockchain Technology Market
o South Africa Blockchain Technology Market
o Rest of South America Blockchain Technology Market
· Middle East and Africa
§ Middle East and Africa Blockchain Technology Market
o Saudi Arabia Blockchain Technology Market
o UAE Blockchain Technology Market
o Egypt Blockchain Technology Market
o Nigeria Blockchain Technology Market
o South Africa Blockchain Technology Market
Rest of MEA Blockchain Technology Market
Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 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
Chapter 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)
Chapter 5. Blockchain Technology Market, By Type
5.1. Introduction
5.2. Global Blockchain Technology Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Blockchain Technology Sales and Sales Share by Type (2017-2027)
5.2.2. Global Blockchain Technology Revenue and Revenue Share by Type (2017-2027)
5.3. Public
5.3.1. Global Public Sales and Growth Rate (2017-2027)
5.4. Private
5.4.1. Global Private Sales and Growth Rate (2017-2027)
5.5. Hybrid
5.5.1. Global Hybrid Sales and Growth Rate (2017-2027)
Chapter 6. Blockchain Technology Market, By Application
6.1. Introduction
6.2. Global Blockchain Technology Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Blockchain Technology Sales and Sales Share by Application (2017-2027)
6.2.2. Global Blockchain Technology Revenue and Revenue Share by Application (2017-2027)
6.3. Financial Services
6.3.1. Global Financial Services Sales and Growth Rate (2017-2027)
6.4. Consumer or Industrial Electronics
6.4.1. Global Consumer or Industrial Electronics Sales and Growth Rate (2017-2027)
6.5. Technology, Media, and Telecom
6.5.1. Global Technology, Media, and Telecom Sales and Growth Rate (2017-2027)
6.6. Healthcare
6.6.1. Global Healthcare Sales and Growth Rate (2017-2027)
6.7. Transportation
6.7.1. Global Transportation Sales and Growth Rate (2017-2027)
6.8. Public Sector
6.8.1. Global Public Sector Sales and Growth Rate (2017-2027)
Chapter 7. Blockchain Technology Market, By Region
7.1. Introduction
7.2. Global Blockchain Technology Sales, Revenue and Market Share by Regions
7.2.1. Global Blockchain Technology Sales by Regions (2017-2027)
7.2.2. Global Blockchain Technology Revenue by Regions (2017-2027)
7.3. North America Blockchain Technology by Countries
7.3.1. North America Blockchain Technology Sales and Growth Rate (2017-2027)
7.3.2. North America Blockchain Technology Revenue and Growth Rate (2017-2027)
7.3.3. North America Blockchain Technology Sales by Countries (2017-2027)
7.3.4. North America Blockchain Technology Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Blockchain Technology Sales and Growth Rate (2017-2027)
7.3.5.2. United States Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Blockchain Technology Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Blockchain Technology Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Blockchain Technology Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Blockchain Technology by Countries
7.4.1. Europe Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.2. Europe Blockchain Technology Revenue and Growth Rate (2017-2027)
7.4.3. Europe Blockchain Technology Sales by Countries (2017-2027)
7.4.4. Europe Blockchain Technology Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.6.2. UK Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.7.2. France Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Blockchain Technology Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Blockchain Technology Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Blockchain Technology Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Blockchain Technology Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.5.2. China Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.8.2. India Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Blockchain Technology Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Blockchain Technology Sales and Growth Rate (2017-2027)
7.6.2. South America Blockchain Technology Revenue and Growth Rate (2017-2027)
7.6.3. South America Blockchain Technology Sales by Countries (2017-2027)
7.6.4. South America Blockchain Technology Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Blockchain Technology Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Blockchain Technology Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Blockchain Technology Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Blockchain Technology Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Blockchain Technology Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Blockchain Technology Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Blockchain Technology Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Blockchain Technology 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 Blockchain Technology Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Blockchain Technology Revenue (Millions USD) and Growth Rate (2017-2027)
Chapter 8. Company Profiles
8.1. BTL Group Ltd.
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. Chain, Inc.
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. Circle Internet Financial Limited
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. DeloitteTouche Tohmatsu Limited
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. Digital Asset Holdings, LLC
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. Global Arena Holding, Inc. (GAHI)
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. IBM Corporation
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. The Linux Foundation
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. Microsoft 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. Monax
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
Chapter 9. Global Blockchain Technology Market Competition, by Manufacturer
9.1. Global Blockchain Technology Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Blockchain Technology Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Blockchain Technology Price by Manufacturer (2017-2017)
9.4. Top 5 Blockchain Technology Manufacturer Market Share
9.5. Market Competition Trend
Chapter 10. Blockchain Technology Market Forecast (2027-2023)
10.1. Global Blockchain Technology Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Blockchain Technology Market Forecast by Regions (2027-2023)
10.2.1. North America Blockchain Technology Market Forecast (2027-2023)
10.2.1.1. United States Blockchain Technology Market Forecast (2027-2023)
10.2.1.2. Canada Blockchain Technology Market Forecast (2027-2023)
10.2.1.3. Mexico Blockchain Technology Market Forecast (2027-2023)
10.2.2. Europe Blockchain Technology Market Forecast (2027-2023)
10.2.2.1. Germany Blockchain Technology Market Forecast (2027-2023)
10.2.2.2. United Kingdom Blockchain Technology Market Forecast (2027-2023)
10.2.2.3. France Blockchain Technology Market Forecast (2027-2023)
10.2.2.4. Russia Blockchain Technology Market Forecast (2027-2023)
10.2.2.5. Italy Blockchain Technology Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Blockchain Technology Market Forecast (2027-2023)
10.2.3. Asia-Pacific Blockchain Technology Market Forecast (2027-2023)
10.2.3.1. China Blockchain Technology Market Forecast (2027-2023)
10.2.3.2. Japan Blockchain Technology Market Forecast (2027-2023)
10.2.3.3. Korea Blockchain Technology Market Forecast (2027-2023)
10.2.3.4. India Blockchain Technology Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Blockchain Technology Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Blockchain Technology Market Forecast (2027-2023)
10.2.4. South America Blockchain Technology Market Forecast (2027-2023)
10.2.4.1. Brazil Blockchain Technology Market Forecast (2027-2023)
10.2.4.2. Argentina Blockchain Technology Market Forecast (2027-2023)
10.2.4.3. Columbia Blockchain Technology Market Forecast (2027-2023)
10.2.4.4. Rest of South America Blockchain Technology Market Forecast (2027-2023)
10.2.5. Middle East and Africa Blockchain Technology Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Blockchain Technology Market Forecast (2027-2023)
10.2.5.2. UAE Blockchain Technology Market Forecast (2027-2023)
10.2.5.3. Egypt Blockchain Technology Market Forecast (2027-2023)
10.2.5.4. Nigeria Blockchain Technology Market Forecast (2027-2023)
10.2.5.5. South Africa Blockchain Technology Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Blockchain Technology Market Forecast (2027-2023)
10.3. Blockchain Technology Market Forecast by Type (2027-2023)
10.3.1. Global Blockchain Technology Sales Forecast by Type (2027-2023)
10.3.2. Global Blockchain Technology Sales Market Share Forecast by Type (2027-2023)
10.4. Blockchain Technology Market Forecast by Application (2027-2023)
10.4.1. Global Blockchain Technology Sales Forecast by Application (2027-2023)
10.4.2. Global Blockchain Technology 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 Blockchain Technology 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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