Compression Therapy Market By Technique, Product And Application - Global Industry Analysis And Forecast To 2023
Published On : April 2018 Pages : 110 Category: Pharma & Healthcare Report Code : CM04718
Industry Trend Analysis
The Compression Therapy Market was worth USD 2.04 billion in 2017 and is expected to reach approximately USD 3.06 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.63% during the forecast period. Compression therapy is specially designed to support your veins and increase blood circulation. In this process pressure is evenly applied over the sore area, and squeezed to support the veins. It offers number of benefits amongst which the most popular is Pain Relief. Due to increasing the demand for Compression Therapy from all over the world owing to increasing incidences of varicose veins, arthritis, and other health problems, the market is foreseen to grow substantially.
Technique Outlook and Trend Analysis
According to the Technique the market of Compression Therapy is divided into Static and Dynamic. The static Technique in Compression Therapy market holds the largest share due to availability of various compression garments and benefits in disease management. This growth is credited to more access of such products in the treatment of oedema and injuries due to sports, in order to relieve pain and pressure. The advantages linked with static technology also drives the inclination of physicians and patients.
Product Outlook and Trend Analysis
Compression Garment, Compression Braces, Compression Pump are the types of Products used in Compression Therapy. The compression Garment Section is further divided into Stockings, Bandages and Wraps. The Compression Garment section is predicted to hold the largest share in the market due to increasing incidents of injuries in sports and aesthetics & Plastic surgeries.
Application Outlook and Trend Analysis
The Application segment is fragmented into Deep Vein Thrombosis, Lymphedema, Leg Ulcer and Varicose Vein. The Varicose Vein section accounted to the largest section in the Application segment due to increasing incidents of obesity, hypertension, and degeneration. This will sky-rocket the market for Varicose Vein in coming years of study.
Regional Outlook and Trend Analysis
According to the region, the Compression Therapy Market is segmented as North America, Asia-Pacific, Europe and South America and Middle East & Africa. The North-America region dominates the market in terms of size & value followed by Europe. The Asia-Pacific region is expected to grow with the highest compounded annual growth rate during the forecast period. This development in the regional market of APAC is mainly due to increased expenditure of population on healthcare and rising awareness about injuries and their recovery.
Competitive Insights
The leading players in the market are BSN medical, Tactile Medical, SIGVARIS Sanyleg S.r.l., ArjoHuntleigh (Getinge Group), Julius Zorn GmbH, ConvaTec Inc., DJO Global Inc., Medi GmbH & Co KG, PAUL HARTMANN AG, and 3M Company. 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 Compression Therapy Market is segmented as follows-
By Technique:
- Static
- Dynamic
By Product:
- Compression Garment
- Compression Braces
- Compression Pump
By Application:
- Deep Vein Thrombosis
- Lymphedema
- Leg Ulcer
- Varicose Vein
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
· Compression Therapy Market, By Technique, Estimates and Forecast, 2014-2023 ($Million)
o Static
o Dynamic
· Compression Therapy Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
o Compression Garment
o Compression Braces
o Compression Pump
· Compression Therapy Market, By Applications, Estimates and Forecast, 2014-2023 ($Million)
o Deep Vein Thrombosis
o Lymphedema
o Leg Ulcer
o Varicose Vein
· Compression Therapy Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Compression Therapy Market, By Country
o U.S. Compression Therapy Market
o Canada Compression Therapy Market
o Mexico Compression Therapy Market
o Europe
§ Europe Compression Therapy Market, By Country
o Germany Compression Therapy Market
o UK Compression Therapy Market
o France Compression Therapy Market
o Russia Compression Therapy Market
o Italy Compression Therapy Market
o Rest of Europe Compression Therapy Market
o Asia-Pacific
§ Asia-Pacific Compression Therapy Market, By Country
o China Compression Therapy Market
o Japan Compression Therapy Market
o South Korea Compression Therapy Market
o India Compression Therapy Market
o Southeast Asia Compression Therapy Market
o Rest of Asia-Pacific Compression Therapy Market
o South America
§ South America Compression Therapy Market
o Brazil Compression Therapy Market
o Argentina Compression Therapy Market
o Columbia Compression Therapy Market
o South Africa Compression Therapy Market
o Rest of South America Compression Therapy Market
o Middle East and Africa
§ Middle East and Africa Compression Therapy Market
o Saudi Arabia Compression Therapy Market
o UAE Compression Therapy Market
o Egypt Compression Therapy Market
o Nigeria Compression Therapy Market
o South Africa Compression Therapy Market
o Rest of MEA Compression Therapy Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Incidents of Sports Injuries and Aesthetic and Plastic Surgeries
3.2.1.2. Presence of High Number of Target Population of Patients
3.2.1.3. Compression Therapy For Target Disease Management
3.2.2. Restraints
3.2.2.1. Lack of Awareness about Compression Therapy.
3.2.2.2. Low Rate of Patient Conformity for Compression Garments.
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
3.2.3.2. Rising Awareness About Benefits Offered by Compression Clothes.
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. Compression Therapy Market, By Technique
5.1. Introduction
5.2. Global Compression Therapy Sales, Revenue and Market Share by Technique (2017-2027)
5.2.1. Global Compression Therapy Sales and Sales Share by Technique (2017-2027)
5.2.2. Global Compression Therapy Revenue and Revenue Share by Technique (2017-2027)
5.3. Static
5.3.1. Global Static Therapies Sales and Growth Rate (2017-2027)
5.4. Dynamic
5.4.1. Global Dynamic Therapies Sales and Growth Rate (2017-2027)
6. Compression Therapy Market, By Product
6.1. Introduction
6.2. Global Compression Therapy Sales, Revenue and Market Share by Product (2017-2027)
6.2.1. Global Compression Therapy Sales and Sales Share by Product (2017-2027)
6.2.2. Global Compression Therapy Revenue and Revenue Share by Product (2017-2027)
6.3. Compression Garment
6.3.1. Global Compression Garment Sales and Growth Rate (2017-2027)
6.4. Compression Braces
6.4.1. Global Compression Braces Sales and Growth Rate (2017-2027)
6.5. Compression Pump
6.5.1. Global Compression Pump Sales and Growth Rate (2017-2027)
7. Compression Therapy Market, By Application
7.1. Introduction
7.2. Global Compression Therapy Sales, Revenue and Market Share By Application (2017-2027)
7.2.1. Global Compression Therapy Sales and Sales Share By Application (2017-2027)
7.2.2. Global Compression Therapy Revenue and Revenue Share By Application (2017-2027)
7.3. Deep Vein Thrombosis
7.3.1. Global Deep Vein Thrombosis Sales and Growth Rate (2017-2027)
7.4. Lymphedema
7.4.1. Global Lymphedema Sales and Growth Rate (2017-2027)
7.5. Leg Ulcer
7.5.1. Global Leg Ulcer Sales and Growth Rate (2017-2027)
7.6. Varicose Vein
7.6.1. Global Varicose Vein Sales and Growth Rate (2017-2027)
8. Compression Therapy Market, By Region
8.1. Introduction
8.2. Global Compression Therapy Sales, Revenue and Market Share by Regions
8.2.1. Global Compression Therapy Sales by Regions (2017-2027)
8.2.2. Global Compression Therapy Revenue by Regions (2017-2027)
8.3. North America Compression Therapy by Countries
8.3.1. North America Compression Therapy Sales and Growth Rate (2017-2027)
8.3.2. North America Compression Therapy Revenue and Growth Rate (2017-2027)
8.3.3. North America Compression Therapy Sales by Countries (2017-2027)
8.3.4. North America Compression Therapy Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Compression Therapy Sales and Growth Rate (2017-2027)
8.3.5.2. United States Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Compression Therapy Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Compression Therapy Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Compression Therapy Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Compression Therapy by Countries
8.4.1. Europe Compression Therapy Sales and Growth Rate (2017-2027)
8.4.2. Europe Compression Therapy Revenue and Growth Rate (2017-2027)
8.4.3. Europe Compression Therapy Sales by Countries (2017-2027)
8.4.4. Europe Compression Therapy Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Compression Therapy Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Compression Therapy Sales and Growth Rate (2017-2027)
8.4.6.2. UK Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Compression Therapy Sales and Growth Rate (2017-2027)
8.4.7.2. France Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Compression Therapy Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Compression Therapy Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Compression Therapy Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Compression Therapy Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Compression Therapy Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Compression Therapy Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Compression Therapy Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Compression Therapy Sales and Growth Rate (2017-2027)
8.5.5.2. China Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Compression Therapy Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.7. Korea
8.5.7.1. Korea Compression Therapy Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Compression Therapy Sales and Growth Rate (2017-2027)
8.5.8.2. India Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Compression Therapy Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Compression Therapy Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Compression Therapy Sales and Growth Rate (2017-2027)
8.6.2. South America Compression Therapy Revenue and Growth Rate (2017-2027)
8.6.3. South America Compression Therapy Sales by Countries (2017-2027)
8.6.4. South America Compression Therapy Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Compression Therapy Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Compression Therapy Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Compression Therapy Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Compression Therapy Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Compression Therapy Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Compression Therapy Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Compression Therapy Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Compression Therapy Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Compression Therapy Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Compression Therapy Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Compression Therapy Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Compression Therapy Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Compression Therapy Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Compression Therapy 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 Compression Therapy Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Compression Therapy Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. BSN medical
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. Tactile Medical
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. SIGVARIS Sanyleg S.r.l.
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. ArjoHuntleigh (Getinge Group)
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. Julius Zorn GmbH
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. ConvaTec Inc.
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. DJO Global Inc.
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. Medi GmbH & Co KG
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. PAUL HARTMANN AG
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. 3M Company
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 Compression Therapy Market Competition, by Manufacturer
10.1. Global Compression Therapy Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Compression Therapy Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Compression Therapy Price by Manufacturer (2017-2017)
10.4. Top 5 Compression Therapy Manufacturer Market Share
10.5. Market Competition Trend
11. Compression Therapy Market Forecast (2027-2023)
11.1. Global Compression Therapy Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Compression Therapy Market Forecast by Regions (2027-2023)
11.2.1. North America Compression Therapy Market Forecast (2027-2023)
11.2.1.1. United States Compression Therapy Market Forecast (2027-2023)
11.2.1.2. Canada Compression Therapy Market Forecast (2027-2023)
11.2.1.3. Mexico Compression Therapy Market Forecast (2027-2023)
11.2.2. Europe Compression Therapy Market Forecast (2027-2023)
11.2.2.1. Germany Compression Therapy Market Forecast (2027-2023)
11.2.2.2. United Kingdom Compression Therapy Market Forecast (2027-2023)
11.2.2.3. France Compression Therapy Market Forecast (2027-2023)
11.2.2.4. Russia Compression Therapy Market Forecast (2027-2023)
11.2.2.5. Italy Compression Therapy Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Compression Therapy Market Forecast (2027-2023)
11.2.3. Asia-Pacific Compression Therapy Market Forecast (2027-2023)
11.2.3.1. China Compression Therapy Market Forecast (2027-2023)
11.2.3.2. Japan Compression Therapy Market Forecast (2027-2023)
11.2.3.3. Korea Compression Therapy Market Forecast (2027-2023)
11.2.3.4. India Compression Therapy Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Compression Therapy Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Compression Therapy Market Forecast (2027-2023)
11.2.4. South America Compression Therapy Market Forecast (2027-2023)
11.2.4.1. Brazil Compression Therapy Market Forecast (2027-2023)
11.2.4.2. Argentina Compression Therapy Market Forecast (2027-2023)
11.2.4.3. Columbia Compression Therapy Market Forecast (2027-2023)
11.2.4.4. Rest of South America Compression Therapy Market Forecast (2027-2023)
11.2.5. Middle East and Africa Compression Therapy Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Compression Therapy Market Forecast (2027-2023)
11.2.5.2. UAE Compression Therapy Market Forecast (2027-2023)
11.2.5.3. Egypt Compression Therapy Market Forecast (2027-2023)
11.2.5.4. Nigeria Compression Therapy Market Forecast (2027-2023)
11.2.5.5. South Africa Compression Therapy Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Compression Therapy Market Forecast (2027-2023)
11.3. Compression Therapy Market Forecast by Technique (2027-2023)
11.3.1. Global Compression Therapy Sales Forecast by Technique (2027-2023)
11.3.2. Global Compression Therapy Sales Market Share Forecast by Technique (2027-2023)
11.4. Compression Therapy Market Forecast by Product (2027-2023)
11.4.1. Global Compression Therapy Sales Forecast by Product(2027-2023)
11.4.2. Global Compression Therapy Sales Market Share Forecast by Product (2027-2023)
11.5. Compression Therapy Market Forecast By Application (2027-2023)
11.5.1. Global Compression Therapy Sales Forecast By Application (2027-2023)
11.5.2. Global Compression Therapy Sales Market Share Forecast By Application (2027-2023)
*You can glance through the list of Tables and Figures when you view the sample copy of Compression Therapy Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Compression Therapy 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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