Dicyandiamide Market By Grade And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Advanced Materials Report Code : CM06841
Industry Outlook and Trend Analysis
The Dicyandiamide Market has observed substantial growth in the recent years and is foreseen to grow significantly over the forecast period. Dicyandiamide (DCD), which is otherwise called 2-Cyanoguanidine, is an alkaline, hydrophilic white crystalline compound. Dicyandiamide is majorly used as raw material for the production of active pharmaceutical ingredients for making anti-diabetic medications. It is additionally used as a curing specialist in epoxy resins and laminates for circuit adhesives and boards. It is additionally used in the generation of organic chemicals, which incorporate, slow and controlled nitrogen release fertilizers, water treatment chemicals, pharmaceuticals, and dye fixing agents. Dicyandiamide are of various evaluations in light of purity. Developing usage of dicyandiamide for pharmaceutical and epoxy laminates application is one of the major factors for the significant development of the market. Moreover, the growing diabetic population across the globe has created a requirement for anti-diabetic drugs, which is foreseen to drive demand for dicyandiamide over the forecast period.
Grade Outlook and Trend Analysis
Pharmaceutical grade is a widely used dicyandiamide grade. The other types of dicyandiamide grades incorporate industrial grade, electronic grade and others. Other grades majorly consist of ultra-micronized grade and other fundamental grades. The pharmaceutical grade segment commanded the dicyandiamide market in 2022 and is foreseen to continue its dominance over the forecast period.
Application Outlook and Trend Analysis
Expanding usage of dicyandiamide for pharmaceutical and epoxy laminates application is one of the major factors for the expected increase in demand for dicyandiamide. Likewise, the rising diabetic populace over the globe has made a requirement for anti-diabetic medications, which is expected to drive interest for dicyandiamide amid the estimate time frame.
Regional Outlook and Trend Analysis
Geographically Asia Pacific is encountering significant advancement in the pharmaceutical part, particularly in countries, for example, China and India. Hence, the market for dicyandiamide is expected to extend at an enduring pace in Asia Pacific. Asia Pacific represented a major bit of the dicyandiamide market in 2022, trailed by North America and Europe. The region is foreseen to proceed with its strength amid the conjecture time frame.
Competitive Insights
The leading players in the market are AlzChem Group, Ningxia Yinglite Chemical Co Ltd, Shizuishan Pengsheng Chemical Co ltd, Ningxia Blue-White-Black Activated Carbon Co, Ningxia Jiafeng Chemicals Ltd and Ningxia Sunnyfield Chemical Co 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 Dicyandiamide Market is segmented as follows-
By Grade:
- Industrial Grade
- Electronic Grade
- Pharmaceutical Grade
- Others
By Application:
- Epoxy Laminates
- Flame Retardants
- Water Treatment
- Pharmaceuticals
- Slow-release Fertilizers
- Dye Fixing
- Others
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
· Dicyandiamide Market, By Grade, Estimates and Forecast, 2014-2023 ($Million)
· Electronic Grade
· Industrial Grade
· Pharmaceutical Grade
· Other Grades
· Dicyandiamide Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Pharmaceuticals
· Epoxy Laminates
· Slow-release Fertilizers
· Flame Retardants
· Dye Fixing
· Water Treatment
· Other Applications
· Dicyandiamide Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Dicyandiamide Market, By Country
o U.S. Dicyandiamide Market
o Canada Dicyandiamide Market
o Mexico Dicyandiamide Market
· Europe
§ Europe Dicyandiamide Market, By Country
o Germany Dicyandiamide Market
o UK Dicyandiamide Market
o France Dicyandiamide Market
o Russia Dicyandiamide Market
o Italy Dicyandiamide Market
o Rest of Europe Dicyandiamide Market
· Asia-Pacific
§ Asia-Pacific Dicyandiamide Market, By Country
o China Dicyandiamide Market
o Japan Dicyandiamide Market
o South Korea Dicyandiamide Market
o India Dicyandiamide Market
o Southeast Asia Dicyandiamide Market
o Rest of Asia-Pacific Dicyandiamide Market
· South America
§ South America Dicyandiamide Market
o Brazil Dicyandiamide Market
o Argentina Dicyandiamide Market
o Columbia Dicyandiamide Market
o South Africa Dicyandiamide Market
o Rest of South America Dicyandiamide Market
· Middle East and Africa
§ Middle East and Africa Dicyandiamide Market
o Saudi Arabia Dicyandiamide Market
o UAE Dicyandiamide Market
o Egypt Dicyandiamide Market
o Nigeria Dicyandiamide Market
o South Africa Dicyandiamide Market
o Rest of MEA Dicyandiamide 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. Dicyandiamide Market, By Grade
5.1. Introduction
5.2. Global Dicyandiamide Sales, Revenue and Market Share by Grade (2017-2027)
5.2.1. Global Dicyandiamide Sales and Sales Share by Grade (2017-2027)
5.2.2. Global Dicyandiamide Revenue and Revenue Share by Grade (2017-2027)
5.3. Electronic Grade
5.3.1. Global Electronic Grade Sales and Growth Rate (2017-2027)
5.4. Industrial Grade
5.4.1. Global Industrial Grade Sales and Growth Rate (2017-2027)
5.5. Pharmaceutical Grade
5.5.1. Global Pharmaceutical Grade Sales and Growth Rate (2017-2027)
5.6. Other Grades
5.6.1. Global Other Grades Sales and Growth Rate (2017-2027)
6. Dicyandiamide Market, By Application
6.1. Introduction
6.2. Global Dicyandiamide Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Dicyandiamide Sales and Sales Share by Application (2017-2027)
6.2.2. Global Dicyandiamide Revenue and Revenue Share by Application (2017-2027)
6.3. Pharmaceuticals
6.3.1. Global Pharmaceuticals Sales and Growth Rate (2017-2027)
6.4. Epoxy Laminates
6.4.1. Global Epoxy Laminates Sales and Growth Rate (2017-2027)
6.5. Slow-release Fertilizers
6.5.1. Global Slow-release Fertilizers Sales and Growth Rate (2017-2027)
6.6. Flame Retardants
6.6.1. Global Flame Retardants Sales and Growth Rate (2017-2027)
6.7. Dye Fixing
6.7.1. Global Flame Retardants Sales and Growth Rate (2017-2027)
6.8. Water Treatment
6.8.1. Global Water Treatment Sales and Growth Rate (2017-2027)
6.9. Other Applications
6.9.1. Global Other Applications Sales and Growth Rate (2017-2027)
7. Dicyandiamide Market, By Region
7.1. Introduction
7.2. Global Dicyandiamide Sales, Revenue and Market Share by Regions
7.2.1. Global Dicyandiamide Sales by Regions (2017-2027)
7.2.2. Global Dicyandiamide Revenue by Regions (2017-2027)
7.3. North America Dicyandiamide by Countries
7.3.1. North America Dicyandiamide Sales and Growth Rate (2017-2027)
7.3.2. North America Dicyandiamide Revenue and Growth Rate (2017-2027)
7.3.3. North America Dicyandiamide Sales by Countries (2017-2027)
7.3.4. North America Dicyandiamide Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Dicyandiamide Sales and Growth Rate (2017-2027)
7.3.5.2. United States Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Dicyandiamide Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Dicyandiamide Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Dicyandiamide Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Dicyandiamide by Countries
7.4.1. Europe Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.2. Europe Dicyandiamide Revenue and Growth Rate (2017-2027)
7.4.3. Europe Dicyandiamide Sales by Countries (2017-2027)
7.4.4. Europe Dicyandiamide Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.6.2. UK Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.7.2. France Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Dicyandiamide Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Dicyandiamide Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Dicyandiamide Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Dicyandiamide Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.5.2. China Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.8.2. India Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Dicyandiamide Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Dicyandiamide Sales and Growth Rate (2017-2027)
7.6.2. South America Dicyandiamide Revenue and Growth Rate (2017-2027)
7.6.3. South America Dicyandiamide Sales by Countries (2017-2027)
7.6.4. South America Dicyandiamide Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Dicyandiamide Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Dicyandiamide Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Dicyandiamide Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Dicyandiamide Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Dicyandiamide Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Dicyandiamide Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Dicyandiamide Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Dicyandiamide 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 Dicyandiamide Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Dicyandiamide Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. AlzChem Group AG
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. Ningxia Darong Industry Group Co., Ltd.
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. Ningxia Jiafeng Chemicals Co., Ltd.
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. Ningxia Yinglite Chemical Co., Ltd.
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. Ningxia Blue-White-Black Activated Carbon Co. Ltd.
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. Ningxia Sunnyfield Chemical Co. Ltd.
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. Shizuishan Pengsheng Chemical Co., Ltd
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
9. Global Dicyandiamide Market Competition, by Manufacturer
9.1. Global Dicyandiamide Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Dicyandiamide Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Dicyandiamide Price by Manufacturer (2017-2017)
9.4. Top 5 Dicyandiamide Manufacturer Market Share
9.5. Market Competition Trend
10. Dicyandiamide Market Forecast (2027-2023)
10.1. Global Dicyandiamide Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Dicyandiamide Market Forecast by Regions (2027-2023)
10.2.1. North America Dicyandiamide Market Forecast (2027-2023)
10.2.1.1. United States Dicyandiamide Market Forecast (2027-2023)
10.2.1.2. Canada Dicyandiamide Market Forecast (2027-2023)
10.2.1.3. Mexico Dicyandiamide Market Forecast (2027-2023)
10.2.2. Europe Dicyandiamide Market Forecast (2027-2023)
10.2.2.1. Germany Dicyandiamide Market Forecast (2027-2023)
10.2.2.2. United Kingdom Dicyandiamide Market Forecast (2027-2023)
10.2.2.3. France Dicyandiamide Market Forecast (2027-2023)
10.2.2.4. Russia Dicyandiamide Market Forecast (2027-2023)
10.2.2.5. Italy Dicyandiamide Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Dicyandiamide Market Forecast (2027-2023)
10.2.3. Asia-Pacific Dicyandiamide Market Forecast (2027-2023)
10.2.3.1. China Dicyandiamide Market Forecast (2027-2023)
10.2.3.2. Japan Dicyandiamide Market Forecast (2027-2023)
10.2.3.3. Korea Dicyandiamide Market Forecast (2027-2023)
10.2.3.4. India Dicyandiamide Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Dicyandiamide Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Dicyandiamide Market Forecast (2027-2023)
10.2.4. South America Dicyandiamide Market Forecast (2027-2023)
10.2.4.1. Brazil Dicyandiamide Market Forecast (2027-2023)
10.2.4.2. Argentina Dicyandiamide Market Forecast (2027-2023)
10.2.4.3. Columbia Dicyandiamide Market Forecast (2027-2023)
10.2.4.4. Rest of South America Dicyandiamide Market Forecast (2027-2023)
10.2.5. Middle East and Africa Dicyandiamide Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Dicyandiamide Market Forecast (2027-2023)
10.2.5.2. UAE Dicyandiamide Market Forecast (2027-2023)
10.2.5.3. Egypt Dicyandiamide Market Forecast (2027-2023)
10.2.5.4. Nigeria Dicyandiamide Market Forecast (2027-2023)
10.2.5.5. South Africa Dicyandiamide Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Dicyandiamide Market Forecast (2027-2023)
10.3. Dicyandiamide Market Forecast by Grade (2027-2023)
10.3.1. Global Dicyandiamide Sales Forecast by Grade (2027-2023)
10.3.2. Global Dicyandiamide Sales Market Share Forecast by Grade (2027-2023)
10.4. Dicyandiamide Market Forecast by Application (2027-2023)
10.4.1. Global Dicyandiamide Sales Forecast by Application (2027-2023)
10.4.2. Global Dicyandiamide Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Dicyandiamide 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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