Countertop Market By Material Type, Construction Activity And End User- Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 190 Category: Advanced Materials Report Code : SE06904

SEGMENTS & REGIONS:

  • Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa

Industry Outlook and Trend Analysis

The Countertop Market has witnessed significant growth in the recent years and is anticipated to grow tremendously over the forecast period. The countertop market is demonstrating an upward pattern all through the world because of different factors, for example, rising rates of employment, expanding expendable incomes and low loan costs, especially in the United States, which has supported the demand of residential construction. Henceforth, the countertop market is developing relentlessly as residential construction and private spending on home upgrades are displaying a development slant. Countertops are usually introduced in new homes and amid the redesigns of kitchens. Additionally, there is an expansion in mortgage refinances and loaning from the banks, and consequently making more credit accessible for the renovation of existing homes and this adds a further boost to the countertop market. Consequently, a steady rise in the countertops deals is because of an ascent in the private development and increment in the private spending on homes.

Material Outlook and Trend Analysis

Among the materials the granite material type segment is anticipated to dominate the market over the forecast period. This accounts for a moderate CAGR. The granite material type segment was foreseen to account for more than one-fourth of the revenue share of the material type category by the end of the year 2022. Nevertheless, laminates are foreseen to maintain a significant share of the countertop market.

End User Outlook and Trend Analysis

The residential segment accounts for about four-fifths of countertop demand. Growth in residential countertop is anticipated to boost over the forecast period. Development in housing completions will spur demand in the new housing segment, while homeowners’ effort to enhance the aesthetics of their house is anticipated to accelerate the demand.

Construction Activity Outlook and Trend Analysis

Based on construction activity the market is segmented into new construction and renovation. The new construction segment is anticipated to rule the market majorly due to rising awareness among developing population and also due to the rise in disposable income.

Regional Outlook and Trend Analysis

The market in APEJ is set to command the worldwide countertop market on the basis of value and this pattern is anticipated to sustain itself all through the time of evaluation. APEJ countertop market is the most lucrative business sector, developing at a powerful CAGR amid the evaluation time frame.

Competitive Insights

The leading players in the market are Grupo Cosentino, Caesarstone, Cambria, ARO Granite Industries Ltd, Pokarna Limited, Illinois Tool Works, AKG-Gruppe, E. I. du Pont de Nemours and Company and Asian Granito India Ltd. 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 Countertop Market is segmented as follows-

By Material Type:

  • Solid Surfaces   
  • Laminates
  • Marble
  • Granite
  • Engineered Quartz
  • Others

By Construction Activity:

  • Renovation
  • New Construction

By End User:

  • Non-Residential
  • Residential

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

·         Countertop Market, By Material Type, Estimates and Forecast, 2014-2023($Billion)

o    Granite

o    Solid Surfaces

o    Laminates

o    Engineered Quartz

o    Marble

o    Other Material Types

·         Countertop Market, By Construction Activity, Estimates and Forecast, 2014-2023($Billion)

o    New Construction

o    Renovation

·         Countertop Market, By End User, Estimates and Forecast, 2014-2023($Billion)

o    Residential

o    Non-Residential

·         Countertop Market, By Region, Estimates and Forecast, 2014-2023($Billion)

o    North America

§  North America Countertop Market, By Country

o    U.S. Countertop Market

o    Canada Countertop Market

o    Mexico Countertop Market

o    Europe

§  Europe Countertop Market, By Country

o    Germany Countertop Market

o    UK Countertop Market

o    France Countertop Market

o    Russia Countertop Market

o    Italy Countertop Market

o    Rest of Europe Countertop Market

o    Asia-Pacific

§  Asia-Pacific Countertop Market, By Country

o    China Countertop Market

o    Japan Countertop Market

o    South Korea Countertop Market

o    India Countertop Market

o    Southeast Asia Countertop Market

o    Rest of Asia-Pacific Countertop Market

o    South America

§  South America Countertop Market

o    Brazil Countertop Market

o    Argentina Countertop Market

o    Columbia Countertop Market

o    South Africa Countertop Market

o    Rest of South America Countertop Market

o    Middle East and Africa

§  Middle East and Africa Countertop Market

o    Saudi Arabia Countertop Market

o    UAE Countertop Market

o    Egypt Countertop Market

o    Nigeria Countertop Market

o    South Africa Countertop Market

o    Rest of MEA Countertop 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.       Countertop Market, By Material Type

5.1.       Introduction

5.2.       Global Countertop Sales, Revenue and Market Share by Material Type (2017-2027)

5.2.1.  Global Countertop Sales and Sales Share by Material Type (2017-2027)

5.2.2.  Global Countertop Revenue and Revenue Share by Material Type (2017-2027)

5.3.       Granite

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

5.4.       Solid Surfaces

5.4.1.  Global Solid Surfaces Sales and Growth Rate (2017-2027)

5.5.       Laminates

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

5.6.       Engineered Quartz

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

5.7.       Marble

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

5.8.       Other Material Types

5.8.1.  Global Other Material Types and Growth Rate (2017-2027)

6.       Countertop Market, By Construction Activity

6.1.       Introduction

6.2.       Global Countertop Sales, Revenue and Market Share by Construction Activity (2017-2027)

6.2.1.  Global Countertop Sales and Sales Share by Construction Activity (2017-2027)

6.2.2.  Global Countertop Revenue and Revenue Share by Construction Activity (2017-2027)

6.3.       New Construction

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

6.4.       Renovation

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

7.       Countertop Market, By End User

7.1.       Introduction

7.2.       Global Countertop Sales, Revenue and Market Share by End User (2017-2027)

7.2.1.  Global Countertop Sales and Sales Share by End User (2017-2027)

7.2.2.  Global Countertop Revenue and Revenue Share by End User (2017-2027)

7.3.       Residential

7.3.1.  Global Residential Sales and Growth Rate (2017-2027)

7.4.       Non-Residential

7.4.1.  Global Non-Residential Sales and Growth Rate (2017-2027)

8.       Countertop Market, By Region

8.1.       Introduction

8.2.       Global Countertop Sales, Revenue and Market Share by Regions

8.2.1.  Global Countertop Sales by Regions (2017-2027)

8.2.2.  Global Countertop Revenue by Regions (2017-2027)

8.3.       North America Countertop by Countries

8.3.1.  North America Countertop Sales and Growth Rate (2017-2027)

8.3.2.  North America Countertop Revenue and Growth Rate (2017-2027)

8.3.3.  North America Countertop Sales by Countries (2017-2027)

8.3.4.  North America Countertop Revenue (Million USD) by Countries (2017-2027)

8.3.5.  U.S.

8.3.5.1.    United States Countertop Sales and Growth Rate (2017-2027)

8.3.5.2.    United States Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.3.6.  Canada

8.3.6.1.    Canada Countertop Sales and Growth Rate (2017-2027)

8.3.6.2.    Canada Countertop Sales (Millions USD) and Growth Rate (2017-2027)

8.3.7.  Mexico

8.3.7.1.    Mexico Countertop Sales and Growth Rate (2017-2027)

8.3.7.2.    Mexico Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.       Europe Countertop by Countries

8.4.1.  Europe Countertop Sales and Growth Rate (2017-2027)

8.4.2.  Europe Countertop Revenue and Growth Rate (2017-2027)

8.4.3.  Europe Countertop Sales by Countries (2017-2027)

8.4.4.  Europe Countertop Revenue (Million USD) by Countries (2017-2027)

8.4.5.  Germany

8.4.5.1.    Germany Countertop Sales and Growth Rate (2017-2027)

8.4.5.2.    Germany Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.6.  UK

8.4.6.1.    UK Countertop Sales and Growth Rate (2017-2027)

8.4.6.2.    UK Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.7.  France

8.4.7.1.    France Countertop Sales and Growth Rate (2017-2027)

8.4.7.2.    France Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.8.  Russia

8.4.8.1.    Russia Countertop Sales and Growth Rate (2017-2027)

8.4.8.2.    Russia Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.9.  Italy

8.4.9.1.    Italy Countertop Sales and Growth Rate (2017-2027)

8.4.9.2.    Italy Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.10.      Rest of Europe

8.4.10.1. Rest of Europe Countertop Sales and Growth Rate (2017-2027)

8.4.10.2. Rest of Europe Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.       Asia-Pacific

8.5.1.  Asia-Pacific Countertop Sales and Growth Rate (2017-2027)

8.5.2.  Asia-Pacific Countertop Revenue and Growth Rate (2017-2027)

8.5.3.  Asia-Pacific Countertop Sales by Countries (2017-2027)

8.5.4.  Asia-Pacific Countertop Revenue (Million USD) by Countries (2017-2027)

8.5.5.  China

8.5.5.1.    China Countertop Sales and Growth Rate (2017-2027)

8.5.5.2.    China Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.6.  Japan

8.5.6.1.    Japan Countertop Sales and Growth Rate (2017-2027)

8.5.6.2.    Japan Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.6.3.     

8.5.7.  Korea

8.5.7.1.    Korea Countertop Sales and Growth Rate (2017-2027)

8.5.7.2.    Korea Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.8.  India

8.5.8.1.    India Countertop Sales and Growth Rate (2017-2027)

8.5.8.2.    India Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.9.  Southeast Asia

8.5.9.1.    Southeast Asia Countertop Sales and Growth Rate (2017-2027)

8.5.9.2.    Southeast Asia Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.10.      Rest of Asia-Pacific

8.5.10.1. Rest of Asia-Pacific Countertop Sales and Growth Rate (2017-2027)

8.5.10.2. Rest of Asia-Pacific Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.       South America

8.6.1.  South America Countertop Sales and Growth Rate (2017-2027)

8.6.2.  South America Countertop Revenue and Growth Rate (2017-2027)

8.6.3.  South America Countertop Sales by Countries (2017-2027)

8.6.4.  South America Countertop Revenue (Million USD) by Countries (2017-2027)

8.6.5.  Brazil

8.6.5.1.    Brazil Countertop Sales and Growth Rate (2017-2027)

8.6.5.2.    Brazil Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.6.  Argentina

8.6.6.1.    Argentina Countertop Sales and Growth Rate (2017-2027)

8.6.6.2.    Argentina Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.7.  Columbia

8.6.7.1.    Columbia Countertop Sales and Growth Rate (2017-2027)

8.6.7.2.    Columbia Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.8.  Rest of South America

8.6.8.1.    Rest of South America Countertop Sales and Growth Rate (2017-2027)

8.6.8.2.    Rest of South America Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.       Middle East and Africa

8.7.1.  Middle East and Africa Countertop Sales and Growth Rate (2017-2027)

8.7.2.  Middle East and Africa Countertop Revenue and Growth Rate (2017-2027)

8.7.3.  Middle East and Africa Countertop Sales by Countries (2017-2027)

8.7.4.  Middle East and Africa Countertop Revenue (Million USD) by Countries (2017-2027)

8.7.5.  Saudi Arabia

8.7.5.1.    Saudi Arabia Countertop Sales and Growth Rate (2017-2027)

8.7.5.2.    Saudi Arabia Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.6.  United Arab Emirates

8.7.6.1.    United Arab Emirates Countertop Sales and Growth Rate (2017-2027)

8.7.6.2.    United Arab Emirates Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.7.  Egypt

8.7.7.1.    Egypt Countertop Sales and Growth Rate (2017-2027)

8.7.7.2.    Egypt Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.8.  Nigeria

8.7.8.1.    Nigeria Countertop Sales and Growth Rate (2017-2027)

8.7.8.2.    Nigeria Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.9.  South Africa

8.7.9.1.    South Africa Countertop Sales and Growth Rate (2017-2027)

8.7.9.2.    South Africa Countertop 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 Countertop Sales and Growth Rate (2017-2027)

8.7.10.2. Rest of Middle East and Africa Countertop Revenue (Millions USD) and Growth Rate (2017-2027)

9.       Company Profiles

9.1.       Caesarstone Ltd.

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.       Illinois Tool Works Inc.

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.       Pokarna Ltd

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.       E. I. du Pont de Nemours and Company

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.       Cosentino Group

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.       Silestone

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.        AKG Group

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.       Vicostone

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.       Cambria

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.    Aro Granite Industries Ltd.

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 Countertop Market Competition, by Manufacturer

10.1.    Global Countertop Sales and Market Share by Manufacturer (2017-2017)

10.2.    Global Countertop Revenue and Market Share by Manufacturer (2017-2017)

10.3.    Global Countertop Price by Manufacturer (2017-2017)

10.4.    Top 5 Countertop Manufacturer Market Share

10.5.    Market Competition Trend

11.   Countertop Market Forecast (2027-2023)

11.1.    Global Countertop Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

11.2.    Countertop Market Forecast by Regions (2027-2023)

11.2.1.      North America Countertop Market Forecast (2027-2023)

11.2.1.1. United States Countertop Market Forecast (2027-2023)

11.2.1.2. Canada Countertop Market Forecast (2027-2023)

11.2.1.3. Mexico Countertop Market Forecast (2027-2023)

11.2.2.      Europe Countertop Market Forecast (2027-2023)

11.2.2.1. Germany Countertop Market Forecast (2027-2023)

11.2.2.2. United Kingdom Countertops Market Forecast (2027-2023)

11.2.2.3. France Countertop Market Forecast (2027-2023)

11.2.2.4. Russia Countertop Market Forecast (2027-2023)

11.2.2.5. Italy Countertop Market Forecast (2027-2023)

11.2.2.6. Rest of the Europe Countertop Market Forecast (2027-2023)

11.2.3.      Asia-Pacific Countertop Market Forecast (2027-2023)

11.2.3.1. China Countertop Market Forecast (2027-2023)

11.2.3.2. Japan Countertop Market Forecast (2027-2023)

11.2.3.3. Korea Countertop Market Forecast (2027-2023)

11.2.3.4. India Countertop Market Forecast (2027-2023)

11.2.3.5. Southeast Asia Countertop Market Forecast (2027-2023)

11.2.3.6. Rest of Asia-Pacific Countertop Market Forecast (2027-2023)

11.2.4.      South America Countertop Market Forecast (2027-2023)

11.2.4.1. Brazil Countertop Market Forecast (2027-2023)

11.2.4.2. Argentina Countertop Market Forecast (2027-2023)

11.2.4.3. Columbia Countertop Market Forecast (2027-2023)

11.2.4.4. Rest of South America Countertop Market Forecast (2027-2023)

11.2.5.      Middle East and Africa Countertop Market Forecast (2027-2023)

11.2.5.1. Saudi Arabia Countertop Market Forecast (2027-2023)

11.2.5.2. UAE Countertop Market Forecast (2027-2023)

11.2.5.3. Egypt Countertop Market Forecast (2027-2023)

11.2.5.4. Nigeria Countertop Market Forecast (2027-2023)

11.2.5.5. South Africa Countertop Market Forecast (2027-2023)

11.2.5.6. Rest of MEA Countertop Market Forecast (2027-2023)

11.3.    Countertop Market Forecast by Material Type (2027-2023)

11.3.1.      Global Countertop Sales Forecast by Material Type (2027-2023)

11.3.2.      Global Countertop Sales Market Share Forecast by Material Type (2027-2023)

11.4.    Countertop Market Forecast by Construction Activity (2027-2023)

11.4.1.      Global Countertop Sales Forecast by Construction Activity (2027-2023)

11.4.2.      Global Countertop Sales Market Share Forecast by Construction Activity (2027-2023)

11.5.    Countertop Market Forecast by End User (2027-2023)

11.5.1.      Global Countertop Sales Forecast by End User (2027-2023)

11.5.2.      Global Countertop 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 Countertop Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country