Clinical Chemistry Analyzers Market By Product (analyzers, Reagents And Other Products), Test (bmp, Electrolyte Panel, Liver Panel, Lipid Profile, Renal Profile, Thyroid Function Panel, Specialty Chemical Tests) And End Users (hospitals, Academic Research Centers, Diagnostic Laboratories, Other End Users)- Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071091
Industry Outlook and Trend Analysis
The Clinical Chemistry Analyzer Market was worth USD 8.87 billion in 2017 and is expected to reach approximately USD 14.34 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.48% during the forecast period. Clinical chemistry analyzers allude to mechanized gadgets that are used to quantify and dissect the levels of proteins, sugars, and different items in the blood. Clinical chemistry analyzers help in decide the conditions, for example, liver capacity, kidney work, nutritious state, and different conditions in the human body. The innovatively progressed and refined gadgets are exceptionally exact and in addition time effective. At present, clinical science analyzers are utilized for the investigation of a few conditions, for example, diabetes, hyperlipidaemia, and arteriosclerosis alongside other general health check-up.
Product Outlook and Trend Analysis
On the basis of product, the market can be segmented into Analyzers, Reagents and Other end users. Reagents represented the biggest offer in the product segment in 2017. The generous offer is anticipated to be a result of wide exhibit of reagents introduce in the market, taking into account distinctive necessities of clinicians. These reagents dominatingly incorporate catalysts, substrates, particular proteins, electrolytes, lipids and others, which are basic to acquire precise outcomes in analytical methods.
Test Outlook and Trend Analysis
On the basis of test, the market can be segmented into Basic Metabolic Panel (BMP), Electrolyte Panel, Liver Panel, Lipid Profile, Renal Profile, Thyroid Function Panel and Specialty Chemical Tests. Basic Metabolic Panel (BMP) held an overwhelming offer of the test fragment in 2017, as an outcome of developing commonness of way of life instigated infections, for example, corpulence and other metabolic variations from the norm. Rising significance of and awareness in regards to purpose of-mind testing is additionally one of the key contributing elements toward the fragment share. BMP contains an arrangement of tests that give clinical data relating to issues caused by substance unevenness in the body to the therapeutic analysts.
End User Outlook and Trend Analysis
On the basis of end user, the market can be segmented into Hospitals, Academic Research Centres, Diagnostic Laboratories and other end users. Hospitals overwhelmed the end-user section in 2017, inferable from the high patient volume, visit readmissions, and vast example volumes. In addition, strong foundation encourages fruitful symptomatic techniques, in this way, bringing about the higher offer of healing facilities. The expanding number of government activities went for elevating productive indicative offices to create quick outcomes and enhance general proficiency additionally fills in as key contributing elements to the significant offer of the section.
Regional Outlook and Trend Analysis
In 2017, North America held the considerable offer of the clinical chemistry analyzers market. The strong government activities and high execution of training rules discharged by medicinal services associations introduce over this locale is a portion of the key variables in charge of the high offer enrolled by this district. Due to increment in outsourcing of fabricate of these analyzers to Asia Pacific nations, for example, India and China, this area is foreseen to develop at an exponential rate amid the conjecture time frame. Besides, high Research and development speculation by the worldwide players and nearness of unexplored open doors in this district fill in as high development rendering drivers.
Competitive Insights
The leading players in the market are Thermo Fisher Scientific, Inc., Siemens AG, F.Hoffmann La Roche, Johnson & Johnson and others. 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 Clinical Chemistry Analyzers Market is segmented as follows-
By Product:
- Analyzers
- Reagents
- Other Products
By Test:
- Basic Metabolic Panel (BMP)
- Electrolyte Panel
- Liver Panel
- Lipid Profile
- Renal Profile
- Thyroid Function Panel
- Specialty Chemical Tests
By End User:
- Hospitals
- Academic Research Centres
- Diagnostic Laboratories
- Other End Users
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
· Clinical Chemistry Analyzers Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Analyzers
o Reagents
o Other Products
· Clinical Chemistry Analyzers Market, By Test, Estimates and Forecast, 2014-2023($Billion)
o Basic Metabolic Panel (BMP)
o Electrolyte Panel
o Liver Panel
o Lipid Profile
o Renal Profile
o Thyroid Function Panel
o Specialty Chemical Tests
· Clinical Chemistry Analyzers Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Hospitals
o Academic Research Centers
o Diagnostic Laboratories
o Other End Users
· Clinical Chemistry Analyzers Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Clinical Chemistry Analyzers Market, By Country
o U.S. Clinical Chemistry Analyzers Market
o Canada Clinical Chemistry Analyzers Market
o Mexico Clinical Chemistry Analyzers Market
o Europe
§ Europe Clinical Chemistry Analyzers Market, By Country
o Germany Clinical Chemistry Analyzers Market
o UK Clinical Chemistry Analyzers Market
o France Clinical Chemistry Analyzers Market
o Russia Clinical Chemistry Analyzers Market
o Italy Clinical Chemistry Analyzers Market
o Rest of Europe Clinical Chemistry Analyzers Market
o Asia-Pacific
§ Asia-Pacific Clinical Chemistry Analyzers Market, By Country
o China Clinical Chemistry Analyzers Market
o Japan Clinical Chemistry Analyzers Market
o South Korea Clinical Chemistry Analyzers Market
o India Clinical Chemistry Analyzers Market
o Southeast Asia Clinical Chemistry Analyzers Market
o Rest of Asia-Pacific Clinical Chemistry Analyzers Market
o South America
§ South America Clinical Chemistry Analyzers Market
o Brazil Clinical Chemistry Analyzers Market
o Argentina Clinical Chemistry Analyzers Market
o Columbia Clinical Chemistry Analyzers Market
o South Africa Clinical Chemistry Analyzers Market
o Rest of South America Clinical Chemistry Analyzers Market
o Middle East and Africa
§ Middle East and Africa Clinical Chemistry Analyzers Market
o Saudi Arabia Clinical Chemistry Analyzers Market
o UAE Clinical Chemistry Analyzers Market
o Egypt Clinical Chemistry Analyzers Market
o Nigeria Clinical Chemistry Analyzers Market
o South Africa Clinical Chemistry Analyzers Market
o Rest of MEA Clinical Chemistry Analyzers 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
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. Clinical Chemistry Analyzers Market, By Product
5.1. Introduction
5.2. Global Clinical Chemistry Analyzers Revenue and Market Share by Product (2017-2027)
5.2.1. Global Clinical Chemistry Analyzers Revenue and Revenue Share by Product (2017-2027)
5.3. Analyzers
5.3.1. Global Analyzers Revenue and Growth Rate (2017-2027)
5.4. Reagents
5.4.1. Global Reagents Revenue and Growth Rate (2017-2027)
5.5. Other Products
5.5.1. Global Other Products Revenue and Growth Rate (2017-2027)
6. Clinical Chemistry Analyzers Market, By Test
6.1. Introduction
6.2. Global Clinical Chemistry Analyzers Revenue and Market Share by Test (2017-2027)
6.2.1. Global Clinical Chemistry Analyzers Revenue and Revenue Share by Test (2017-2027)
6.3. Basic Metabolic Panel (BMP)
6.3.1. Global Basic Metabolic Panel (BMP) Revenue and Growth Rate (2017-2027)
6.4. Electrolyte Panel
6.4.1. Global Electrolyte Panel Revenue and Growth Rate (2017-2027)
6.5. Liver Panel
6.5.1. Global Liver Panel Revenue and Growth Rate (2017-2027)
6.6. Lipid Profile
6.6.1. Global Lipid Profile Revenue and Growth Rate (2017-2027)
6.7. Renal Profile
6.7.1. Global Renal Profile Revenue and Growth Rate (2017-2027)
6.8. Thyroid Function Panel
6.8.1. Global Thyroid Function Panel Revenue and Growth Rate (2017-2027)
6.9. Specialty Chemical Tests
6.9.1. Global Specialty Chemical Tests Revenue and Growth Rate (2017-2027)
7. Clinical Chemistry Analyzers Market, By End User
7.1. Introduction
7.2. Global Clinical Chemistry Analyzers Revenue and Market Share by End User (2017-2027)
7.2.1. Global Clinical Chemistry Analyzers Revenue and Revenue Share by End User (2017-2027)
7.3. Hospitals
7.3.1. Global Hospitals Revenue and Growth Rate (2017-2027)
7.4. Academic Research Centers
7.4.1. Global Academic Research Centers Revenue and Growth Rate (2017-2027)
7.5. Diagnostic Laboratories
7.5.1. Global Diagnostic Laboratories Revenue and Growth Rate (2017-2027)
7.6. Other End Users
7.6.1. Global Other End Users Revenue and Growth Rate (2017-2027)
8. Clinical Chemistry Analyzers Market, By Region
8.1. Introduction
8.2. Global Clinical Chemistry Analyzers Revenue and Market Share by Regions
8.2.1. Global Clinical Chemistry Analyzers Revenue by Regions (2017-2027)
8.3. North America Clinical Chemistry Analyzers by Countries
8.3.1. North America Clinical Chemistry Analyzers Revenue and Growth Rate (2017-2027)
8.3.2. North America Clinical Chemistry Analyzers Revenue by Countries (2017-2027)
8.3.3. North America Clinical Chemistry Analyzers Revenue (Million USD) by Countries (2017-2027)
8.3.4. U.S.
8.3.4.1. United States Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.5. Canada
8.3.5.1. Canada Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Mexico
8.3.6.1. Mexico Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Clinical Chemistry Analyzers by Countries
8.4.1. Europe Clinical Chemistry Analyzers Revenue and Growth Rate (2017-2027)
8.4.2. Europe Clinical Chemistry Analyzers Revenue by Countries (2017-2027)
8.4.3. Europe Clinical Chemistry Analyzers Revenue (Million USD) by Countries (2017-2027)
8.4.4. Germany
8.4.4.1. Germany Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.5. UK
8.4.5.1. UK Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. France
8.4.6.1. France Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. Russia
8.4.7.1. Russia Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Italy
8.4.8.1. Italy Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Rest of Europe
8.4.9.1. Rest of Europe Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Clinical Chemistry Analyzers Revenue and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Clinical Chemistry Analyzers Revenue by Countries (2017-2027)
8.5.3. Asia-Pacific Clinical Chemistry Analyzers Revenue (Million USD) by Countries (2017-2027)
8.5.4. China
8.5.4.1. China Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.5. Japan
8.5.5.1. Japan Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Korea
8.5.6.1. Korea Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.7. India
8.5.7.1. India Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. Southeast Asia
8.5.8.1. Southeast Asia Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Rest of Asia-Pacific
8.5.9.1. Rest of Asia-Pacific Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Clinical Chemistry Analyzers Revenue and Growth Rate (2017-2027)
8.6.2. South America Clinical Chemistry Analyzers Revenue by Countries (2017-2027)
8.6.3. South America Clinical Chemistry Analyzers Revenue (Million USD) by Countries (2017-2027)
8.6.4. Brazil
8.6.4.1. Brazil Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.5. Argentina
8.6.5.1. Argentina Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Columbia
8.6.6.1. Columbia Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Rest of South America
8.6.7.1. Rest of South America Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Clinical Chemistry Analyzers Revenue and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Clinical Chemistry Analyzers Revenue by Countries (2017-2027)
8.7.3. Middle East and Africa Clinical Chemistry Analyzers Revenue (Million USD) by Countries (2017-2027)
8.7.4. Saudi Arabia
8.7.4.1. Saudi Arabia Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.5. United Arab Emirates
8.7.5.1. United Arab Emirates Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. Egypt
8.7.6.1. Egypt Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Nigeria
8.7.7.1. Nigeria Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. South Africa
8.7.8.1. South Africa Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. Rest of Middle East and Africa
8.7.9.1. Rest of Middle East and Africa Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Mindray Medical International Limited
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Revenue and Market Share
9.2. Thermo Fisher Scientific Inc.
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Revenue and Market Share
9.3. Danaher Corporation
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Revenue and Market Share
9.4. Abbott Laboratories
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Revenue and Market Share
9.5. Johnson & Johnson
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Revenue and Market Share
9.6. Siemens AG
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Revenue and Market Share
9.7. F.Hoffmann-La Roche Ltd.
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Revenue and Market Share
9.8. Elitech Group
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Revenue and Market Share
9.9. Horiba, Ltd.
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Revenue and Market Share
9.10. Randox Laboratories
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Revenue and Market Share
10. Global Clinical Chemistry Analyzers Market Competition, by Manufacturer
10.1. Global Clinical Chemistry Analyzers Revenue and Market Share by Manufacturer (2017-2017)
10.2. Global Clinical Chemistry Analyzers Price by Region (2017-2017)
10.3. Top 5 Clinical Chemistry Analyzers Manufacturer Market Share
10.4. Market Competition Trend
11. Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.1. Global Clinical Chemistry Analyzers Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Clinical Chemistry Analyzers Market Forecast by Regions (2027-2023)
11.2.1. North America Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.1.1. United States Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.1.2. Canada Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.1.3. Mexico Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2. Europe Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.1. Germany Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.2. United Kingdom Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.3. France Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.4. Russia Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.5. Italy Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3. Asia-Pacific Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.1. China Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.2. Japan Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.3. Korea Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.4. India Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.4. South America Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.4.1. Brazil Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.4.2. Argentina Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.4.3. Columbia Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.4.4. Rest of South America Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5. Middle East and Africa Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.2. UAE Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.3. Egypt Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.4. Nigeria Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.5. South Africa Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Clinical Chemistry Analyzers Market Forecast (2027-2023)
11.3. Clinical Chemistry Analyzers Market Forecast by Product (2027-2023)
11.3.1. Global Clinical Chemistry Analyzers Revenue Forecast by Product (2027-2023)
11.3.2. Global Clinical Chemistry Analyzers Revenue Market Share Forecast by Product (2027-2023)
11.4. Clinical Chemistry Analyzers Market Forecast by Test (2027-2023)
11.4.1. Global Clinical Chemistry Analyzers Revenue Forecast by Test (2027-2023)
11.4.2. Global Clinical Chemistry Analyzers Revenue Market Share Forecast by Test (2027-2023)
11.5. Clinical Chemistry Analyzers Market Forecast by End User (2027-2023)
11.5.1. Global Clinical Chemistry Analyzers Revenue Forecast by End User (2027-2023)
11.5.2. Global Clinical Chemistry Analyzers Revenue 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 Clinical Chemistry Analyzers 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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