Defibrillators Market By Product (implantable Cardioverter & External Defibrillator) And End User (hospitals, Prehospital, Public Access Market, Alternate Care Market & Home) - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Medical Devices Report Code : HC061040
Industry Outlook and Trend Analysis
Defibrillators Market was worth USD 8.56 billion in 2017 and is expected to reach approximately USD 11.38 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.21% during the forecast period. Defibrillators are devices that are used to provide therapeutic shock to a patient's heart in dangerous conditions, for example, cardiac arrhythmia, ventricular fibrillation, and pulseless ventricular tachycardia. The defibrillation method includes giving an electric stun to the heart, which depolarizes the muscles of the heart and re-establishes its ordinary electric drive. Developing concentration towards public access defibrillator (PAD) by people in public and private associations has powered the market development. In addition, enhanced defibrillator devices, quickly developing aged populace with increased danger of infections, and expanding rate of heart diseases among all ages are further driving the market development. Nonetheless, product failures and increasing pressure of pricing on players and absence of awareness about sudden heart failure (SCA) are controlling the development of this market.
Product Outlook and Trend Analysis
The defibrillators market is partitioned into two sections: Implantable Convertible Defibrillators (ICD) and External Defibrillators, on the basis of products. ICDs added to over 50.0% of the general market in 2017. These devices are useful as a persistent monitoring device for arrhythmias. The demand of these devices has expanded because of the influx of different technologies, for example, pacemakers, with defibrillators. As ICDs are utilized for the management arrhythmias for a broadened period, this section is foreseen to reflect critical development.
End User Outlook and Trend Analysis
Hospitals held over 88.0% share of the general end-use portion. Hospitals are anticipated to be outfitted with outside and implantable defibrillators. Implantable defibrillators are accessible for the most part in hospitals. Along these lines, hospitals have a considerable contribution to the development of external and implantable defibrillators.
Regional Outlook and Trend Analysis
In 2017, North America represented a major share of the general market. This commitment can be ascribed to expanding rate of cardiovascular diseases, strong government approaches, supportive repayment schemes, expanding awareness, and increment in training programs. Asia Pacific was recognized as the quickest developing business sector for defibrillators.
Competitive Insights
The leading players in the market are Cardiac Science Corporation, Asahi Kasei, St. Jude Medical, Stryker Corporation, Nihon Kohden, Boston Scientific, Medtronic, LivaNova PLC, Biotronik and Philips Healthcare. 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 Defibrillator Market is segmented as follows-
By Product
- Implantable Cardioverter
- T-ICDs
- CRT-D
- S-ICDs
- External Defibrillator
- Wearable Cardioverter Defibrillator
- Manual External Defibrillator and
- Automated External Defibrillator (AEDs)
By End User
- Alternate Care Market
- Prehospital
- Public Access market
- Hospitals
- Home
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
· Defibrillators Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Implantable Cardioverter
o T-ICDs
o CRT-D
o S-ICDs
· External Defibrillator
o Wearable Cardioverter Defibrillator
o Manual External Defibrillator
o Automated External Defibrillator (AEDs)
· Defibrillators Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Hospitals
· Prehospital
· Public Access market
· Alternate Care Market
· Home
· Defibrillators Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Defibrillators Market, By Country
o U.S. Defibrillators Market
o Canada Defibrillators Market
o Mexico Defibrillators Market
· Europe
§ Europe Defibrillators Market, By Country
o Germany Defibrillators Market
o UK Defibrillators Market
o France Defibrillators Market
o Russia Defibrillators Market
o Italy Defibrillators Market
o Rest of Europe Defibrillators Market
· Asia-Pacific
§ Asia-Pacific Defibrillators Market, By Country
o China Defibrillators Market
o Japan Defibrillators Market
o South Korea Defibrillators Market
o India Defibrillators Market
o Southeast Asia Defibrillators Market
o Rest of Asia-Pacific Defibrillators Market
· South America
§ South America Defibrillators Market
o Brazil Defibrillators Market
o Argentina Defibrillators Market
o Columbia Defibrillators Market
o South Africa Defibrillators Market
o Rest of South America Defibrillators Market
· Middle East and Africa
§ Middle East and Africa Defibrillators Market
o Saudi Arabia Defibrillators Market
o UAE Defibrillators Market
o Egypt Defibrillators Market
o Nigeria Defibrillators Market
o South Africa Defibrillators Market
o Rest of MEA Defibrillators 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. Defibrillators Market, By Product
5.1. Introduction
5.2. Global Defibrillators Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Defibrillators Sales and Sales Share by Product (2017-2027)
5.2.2. Global Defibrillators Revenue and Revenue Share by Product (2017-2027)
5.3. Implantable Cardioverter
5.3.1. Global Implantable Cardioverter Sales and Growth Rate (2017-2027)
5.3.2. Global Implantable Cardioverter Sales and Growth Rate By Type (2017-2027)
5.3.3. T-ICDs
5.3.3.1. Global T-ICDs Sales and Growth Rate (2017-2027)
5.3.4. CRT-D
5.3.4.1. Global CRT-D Sales and Growth Rate (2017-2027)
5.3.5. S-ICDs
5.3.5.1. Global S-ICDs Sales and Growth Rate (2017-2027)
5.4. External Defibrillator
5.4.1. Global External Defibrillator Sales and Growth Rate (2017-2027)
5.4.2. Global External Defibrillator Sales and Growth Rate By Type (2017-2027)
5.4.3. Wearable Cardioverter Defibrillator
5.4.3.1. Global Wearable Cardioverter Defibrillator Sales and Growth Rate (2017-2027)
5.4.4. Manual External Defibrillator
5.4.4.1. Global Manual External Defibrillator Sales and Growth Rate (2017-2027)
5.4.5. Automated External Defibrillator (AEDs)
5.4.5.1. Global Automated External Defibrillator (AEDs) Sales and Growth Rate (2017-2027)
6. Defibrillators Market, By End User
6.1. Introduction
6.2. Global Defibrillators Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Defibrillators Sales and Sales Share by End User (2017-2027)
6.2.2. Global Defibrillators Revenue and Revenue Share by End User (2017-2027)
6.3. Hospitals
6.3.1. Global Hospitals Sales and Growth Rate (2017-2027)
6.4. Prehospital
6.4.1. Global Prehospital Sales and Growth Rate (2017-2027)
6.5. Public Access market
6.5.1. Global Public Access market Sales and Growth Rate (2017-2027)
6.6. Alternate Care Market
6.6.1. Global Alternate Care Market Sales and Growth Rate (2017-2027)
6.7. Home
6.7.1. Global Home Sales and Growth Rate (2017-2027)
7. Defibrillators Market, By Region
7.1. Introduction
7.2. Global Defibrillators Sales, Revenue and Market Share by Regions
7.2.1. Global Defibrillators Sales by Regions (2017-2027)
7.2.2. Global Defibrillators Revenue by Regions (2017-2027)
7.3. North America Defibrillators by Countries
7.3.1. North America Defibrillators Sales and Growth Rate (2017-2027)
7.3.2. North America Defibrillators Revenue and Growth Rate (2017-2027)
7.3.3. North America Defibrillators Sales by Countries (2017-2027)
7.3.4. North America Defibrillators Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Defibrillators Sales and Growth Rate (2017-2027)
7.3.5.2. United States Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Defibrillators Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Defibrillators Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Defibrillators Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Defibrillators by Countries
7.4.1. Europe Defibrillators Sales and Growth Rate (2017-2027)
7.4.2. Europe Defibrillators Revenue and Growth Rate (2017-2027)
7.4.3. Europe Defibrillators Sales by Countries (2017-2027)
7.4.4. Europe Defibrillators Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Defibrillators Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Defibrillators Sales and Growth Rate (2017-2027)
7.4.6.2. UK Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Defibrillators Sales and Growth Rate (2017-2027)
7.4.7.2. France Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Defibrillators Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Defibrillators Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Defibrillators Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Defibrillators Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Defibrillators Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Defibrillators Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Defibrillators Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Defibrillators Sales and Growth Rate (2017-2027)
7.5.5.2. China Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Defibrillators Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Defibrillators Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Defibrillators Sales and Growth Rate (2017-2027)
7.5.8.2. India Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Defibrillators Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Defibrillators Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Defibrillators Sales and Growth Rate (2017-2027)
7.6.2. South America Defibrillators Revenue and Growth Rate (2017-2027)
7.6.3. South America Defibrillators Sales by Countries (2017-2027)
7.6.4. South America Defibrillators Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Defibrillators Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Defibrillators Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Defibrillators Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Defibrillators Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Defibrillators Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Defibrillators Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Defibrillators Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Defibrillators Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Defibrillators Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Defibrillators Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Defibrillators Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Defibrillators Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Defibrillators Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Defibrillators 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 Defibrillators Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Defibrillators Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Asahi Kasei Corporation
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. Stryker Corporation
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. Biotronik SE & Co. KG
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. Boston Scientific Corporation
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. Philips Healthcare
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. LivaNova PLC
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. Medtronic plc
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. Cardiac Science Corporation
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. Nihon Kohden 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. St. Jude Medical, Inc.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Defibrillators Market Competition, by Manufacturer
9.1. Global Defibrillators Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Defibrillators Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Defibrillators Price by Manufacturer (2017-2017)
9.4. Top 5 Defibrillators Manufacturer Market Share
9.5. Market Competition Trend
10. Defibrillators Market Forecast (2027-2023)
10.1. Global Defibrillators Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Defibrillators Market Forecast by Regions (2027-2023)
10.2.1. North America Defibrillators Market Forecast (2027-2023)
10.2.1.1. United States Defibrillators Market Forecast (2027-2023)
10.2.1.2. Canada Defibrillators Market Forecast (2027-2023)
10.2.1.3. Mexico Defibrillators Market Forecast (2027-2023)
10.2.2. Europe Defibrillators Market Forecast (2027-2023)
10.2.2.1. Germany Defibrillators Market Forecast (2027-2023)
10.2.2.2. United Kingdom Defibrillators Market Forecast (2027-2023)
10.2.2.3. France Defibrillators Market Forecast (2027-2023)
10.2.2.4. Russia Defibrillators Market Forecast (2027-2023)
10.2.2.5. Italy Defibrillators Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Defibrillators Market Forecast (2027-2023)
10.2.3. Asia-Pacific Defibrillators Market Forecast (2027-2023)
10.2.3.1. China Defibrillators Market Forecast (2027-2023)
10.2.3.2. Japan Defibrillators Market Forecast (2027-2023)
10.2.3.3. Korea Defibrillators Market Forecast (2027-2023)
10.2.3.4. India Defibrillators Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Defibrillators Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Defibrillators Market Forecast (2027-2023)
10.2.4. South America Defibrillators Market Forecast (2027-2023)
10.2.4.1. Brazil Defibrillators Market Forecast (2027-2023)
10.2.4.2. Argentina Defibrillators Market Forecast (2027-2023)
10.2.4.3. Columbia Defibrillators Market Forecast (2027-2023)
10.2.4.4. Rest of South America Defibrillators Market Forecast (2027-2023)
10.2.5. Middle East and Africa Defibrillators Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Defibrillators Market Forecast (2027-2023)
10.2.5.2. UAE Defibrillators Market Forecast (2027-2023)
10.2.5.3. Egypt Defibrillators Market Forecast (2027-2023)
10.2.5.4. Nigeria Defibrillators Market Forecast (2027-2023)
10.2.5.5. South Africa Defibrillators Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Defibrillators Market Forecast (2027-2023)
10.3. Defibrillators Market Forecast by Product (2027-2023)
10.3.1. Global Defibrillators Sales Forecast by Product (2027-2023)
10.3.2. Global Defibrillators Sales Market Share Forecast by Product (2027-2023)
10.4. Defibrillators Market Forecast by End User (2027-2023)
10.4.1. Global Defibrillators Sales Forecast by End User (2027-2023)
10.4.2. Global Defibrillators 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 Defibrillators 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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