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Drug Device Combination Market By Product (infusion Pumps, Orthopedic Combination Products, Photodynamic Therapy Devices, Transdermal Patches, Drug Eluting Stents, Wound Care Products, Inhalers, Antimicrobial Catheters, Other Products) - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 180 Category: Medical Devices Report Code : HC061020
SEGMENTS & REGIONS:
- By Product: infusion Pumps, Orthopedic Combination Products, Photodynamic Therapy Devices, Transdermal Patches, Drug Eluting Stents, Wound Care Products, Inhalers, Antimicrobial Catheters, Other Products
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Drug Device Combination Market was worth USD 83.05 billion in 2017 and is expected to reach approximately USD 163.42 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.81% during the forecast period. Drug device combination products are gadgets which comprises restorative gadget alongside the pharmaceutical fixing that conveys the medication to wanted area in the patient's body. These mix items have developed as imaginative therapeutic gadgets inferable from the commitment in propelling restorative care and are in this manner anticipated that would have significant effect in the coming years. Medication gadget blend items incorporate inhalers, sedate eluting stents, and wound care items among others. The focal points offered by tranquilize gadget mix items incorporate negligible symptoms, controlled medication organization, enhanced patient consistence, and focused on sedate conveyance. Attributable to its extensive variety of focal points and expanded refinement, these gadgets have been generally received over the restorative business.
Drivers & Restrains
The development of worldwide drug device combination market is ascribed to the developing occurrence of constant maladies, for example, prostate growth, cardiovascular ailments, colorectal malignancy, diabetic neuropathy; expanding concerns identified with heftiness and diabetes; and developing geriatric populace. Moreover, a few government activities and CSR exercises led by driving players is relied upon to support the development of drug device combination market. For example, government and NGO activities are advancing medication conveyance embeds in various areas is impelling the development of the market. In addition, expanding notoriety of insignificantly obtrusive medical procedures and versatile gadgets, for example, nebulizers and inhalers are few of the prime variables in charge of the market development. On the other hand, a few item review and related intricacy are probably going to upset the market to certain degree. Also, stringent government controls of negligibly obtrusive drug device combination confines the market development.
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth during the forecast period. This can be ascribed to broad new item improvement exercises led by conspicuous players over this area. Rising interminable ailment trouble in this locale is accepted to be one of the key potential development factors in charge of high clinical earnestness to join these items. This is accepted to add to North America's sizeable offer.
Competitive Insights
The leading players in the market are Medtronic, C.R. Bard, Abbott, Boston Scientific Corporation, Teleflex Incorporated and Clariant. The worldwide drug device combination market is portrayed by the nearness of few industry members concentrating on R&D to provide effective and application specific products with a specific end goal to fulfil the changing needs of consumers.
The Drug Device Combination Market is segmented as follows-
By Product:
- Infusion Pumps
- Orthopedic Combination Products
- Photodynamic Therapy Devices
- Transdermal Patches
- Drug Eluting Stents
- Wound Care Products
- Inhalers
- Antimicrobial Catheters
- Other Products
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
· Drug Device Combination Market, By Product, Estimates and Forecast, 2014-2023($Million)
· Infusion Pumps
· Orthopedic Combination Products
· Photodynamic Therapy Devices
· Transdermal Patches
· Drug Eluting Stents
· Wound Care Products
· Inhalers
· Antimicrobial Catheters
· Other Products
· Drug Device Combination Market, By Region, Estimates and Forecast, 2014-2023($Million)
o North America
§ North America Drug Device Combination Market, By Country
o U.S. Drug Device Combination Market
o Canada Drug Device Combination Market
o Mexico Drug Device Combination Market
o Europe
§ Europe Drug Device Combination Market, By Country
o Germany Drug Device Combination Market
o UK Drug Device Combination Market
o France Drug Device Combination Market
o Russia Drug Device Combination Market
o Italy Drug Device Combination Market
o Rest of Europe Drug Device Combination Market
o Asia-Pacific
§ Asia-Pacific Drug Device Combination Market, By Country
o China Drug Device Combination Market
o Japan Drug Device Combination Market
o South Korea Drug Device Combination Market
o India Drug Device Combination Market
o Southeast Asia Drug Device Combination Market
o Rest of Asia-Pacific Drug Device Combination Market
o South America
§ South America Drug Device Combination Market
o Brazil Drug Device Combination Market
o Argentina Drug Device Combination Market
o Columbia Drug Device Combination Market
o South Africa Drug Device Combination Market
o Rest of South America Drug Device Combination Market
o Middle East and Africa
§ Middle East and Africa Drug Device Combination Market
o Saudi Arabia Drug Device Combination Market
o UAE Drug Device Combination Market
o Egypt Drug Device Combination Market
o Nigeria Drug Device Combination Market
o South Africa Drug Device Combination Market
o Rest of MEA Drug Device Combination 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 Countries 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. Drug Device Combination Market, By Product
5.1. Introduction
5.2. Global Drug Device Combination Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Drug Device Combination Sales and Sales Share by Product (2017-2027)
5.2.2. Global Drug Device Combination Revenue and Revenue Share by Product (2017-2027)
5.3. Infusion Pumps
5.3.1. Global Infusion Pumps Sales and Growth Rate (2017-2027)
5.4. Orthopedic Combination Products
5.4.1. Global Orthopedic Combination Products Sales and Growth Rate (2017-2027)
5.5. Photodynamic Therapy Devices
5.5.1. Global Photodynamic Therapy Devices Sales and Growth Rate (2017-2027)
5.6. Transdermal Patches
5.6.1. Global Transdermal Patches Sales and Growth Rate (2017-2027)
5.7. Drug Eluting Stents
5.7.1. Global Drug Eluting Stents Sales and Growth Rate (2017-2027)
5.8. Wound Care Products
5.8.1. Global Wound Care Products Sales and Growth Rate (2017-2027)
5.9. Inhalers
5.9.1. Global Inhalers Sales and Growth Rate (2017-2027)
5.10. Antimicrobial Catheters
5.10.1. Global Antimicrobial Catheters Sales and Growth Rate (2017-2027)
5.11. Other Products
5.11.1. Global Other Products Sales and Growth Rate (2017-2027)
6. Drug Device Combination Market, By Region
6.1. Introduction
6.2. Global Drug Device Combination Sales, Revenue and Market Share by Regions
6.2.1. Global Drug Device Combination Sales by Regions (2017-2027)
6.2.2. Global Drug Device Combination Revenue by Regions (2017-2027)
6.3. North America Drug Device Combination by Countries
6.3.1. North America Drug Device Combination Sales and Growth Rate (2017-2027)
6.3.2. North America Drug Device Combination Revenue and Growth Rate (2017-2027)
6.3.3. North America Drug Device Combination Sales by Countries (2017-2027)
6.3.4. North America Drug Device Combination Revenue (Million USD) by Countries (2017-2027)
6.3.5. U.S.
6.3.5.1. United States Drug Device Combination Sales and Growth Rate (2017-2027)
6.3.5.2. United States Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.3.6. Canada
6.3.6.1. Canada Drug Device Combination Sales and Growth Rate (2017-2027)
6.3.6.2. Canada Drug Device Combination Sales (Millions USD) and Growth Rate (2017-2027)
6.3.7. Mexico
6.3.7.1. Mexico Drug Device Combination Sales and Growth Rate (2017-2027)
6.3.7.2. Mexico Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4. Europe Drug Device Combination by Countries
6.4.1. Europe Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.2. Europe Drug Device Combination Revenue and Growth Rate (2017-2027)
6.4.3. Europe Drug Device Combination Sales by Countries (2017-2027)
6.4.4. Europe Drug Device Combination Revenue (Million USD) by Countries (2017-2027)
6.4.5. Germany
6.4.5.1. Germany Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.5.2. Germany Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.6. UK
6.4.6.1. UK Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.6.2. UK Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.7. France
6.4.7.1. France Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.7.2. France Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.8. Russia
6.4.8.1. Russia Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.8.2. Russia Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.9. Italy
6.4.9.1. Italy Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.9.2. Italy Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.10. Rest of Europe
6.4.10.1. Rest of Europe Drug Device Combination Sales and Growth Rate (2017-2027)
6.4.10.2. Rest of Europe Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.2. Asia-Pacific Drug Device Combination Revenue and Growth Rate (2017-2027)
6.5.3. Asia-Pacific Drug Device Combination Sales by Countries (2017-2027)
6.5.4. Asia-Pacific Drug Device Combination Revenue (Million USD) by Countries (2017-2027)
6.5.5. China
6.5.5.1. China Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.5.2. China Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6. Japan
6.5.6.1. Japan Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.6.2. Japan Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6.3.
6.5.7. Korea
6.5.7.1. Korea Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.7.2. Korea Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.8. India
6.5.8.1. India Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.8.2. India Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.9. Southeast Asia
6.5.9.1. Southeast Asia Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.9.2. Southeast Asia Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.10. Rest of Asia-Pacific
6.5.10.1. Rest of Asia-Pacific Drug Device Combination Sales and Growth Rate (2017-2027)
6.5.10.2. Rest of Asia-Pacific Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.6. South America
6.6.1. South America Drug Device Combination Sales and Growth Rate (2017-2027)
6.6.2. South America Drug Device Combination Revenue and Growth Rate (2017-2027)
6.6.3. South America Drug Device Combination Sales by Countries (2017-2027)
6.6.4. South America Drug Device Combination Revenue (Million USD) by Countries (2017-2027)
6.6.5. Brazil
6.6.5.1. Brazil Drug Device Combination Sales and Growth Rate (2017-2027)
6.6.5.2. Brazil Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.6. Argentina
6.6.6.1. Argentina Drug Device Combination Sales and Growth Rate (2017-2027)
6.6.6.2. Argentina Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.7. Columbia
6.6.7.1. Columbia Drug Device Combination Sales and Growth Rate (2017-2027)
6.6.7.2. Columbia Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.8. Rest of South America
6.6.8.1. Rest of South America Drug Device Combination Sales and Growth Rate (2017-2027)
6.6.8.2. Rest of South America Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7. Middle East and Africa
6.7.1. Middle East and Africa Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.2. Middle East and Africa Drug Device Combination Revenue and Growth Rate (2017-2027)
6.7.3. Middle East and Africa Drug Device Combination Sales by Countries (2017-2027)
6.7.4. Middle East and Africa Drug Device Combination Revenue (Million USD) by Countries (2017-2027)
6.7.5. Saudi Arabia
6.7.5.1. Saudi Arabia Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.5.2. Saudi Arabia Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.6. United Arab Emirates
6.7.6.1. United Arab Emirates Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.6.2. United Arab Emirates Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.7. Egypt
6.7.7.1. Egypt Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.7.2. Egypt Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.8. Nigeria
6.7.8.1. Nigeria Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.8.2. Nigeria Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.9. South Africa
6.7.9.1. South Africa Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.9.2. South Africa Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.10. Rest of Middle East and Africa
6.7.10.1. Rest of Middle East and Africa Drug Device Combination Sales and Growth Rate (2017-2027)
6.7.10.2. Rest of Middle East and Africa Drug Device Combination Revenue (Millions USD) and Growth Rate (2017-2027)
7. Company Profiles
7.1. Abbott Laboratories
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Sales, Revenue and Market Share
7.2. Terumo Corporation
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Sales, Revenue and Market Share
7.3. Stryker Corporation
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Sales, Revenue and Market Share
7.4. Mylan N.V.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Sales, Revenue and Market Share
7.5. Medtronic
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Sales, Revenue and Market Share
7.6. St.Jude Medical, Inc.
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Sales, Revenue and Market Share
7.7. Allergan, Plc
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Sales, Revenue and Market Share
7.8. Boston Scientific Corporation
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Sales, Revenue and Market Share
7.9. Novartis AG
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Sales, Revenue and Market Share
7.10. Teleflex Incorporated
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.10.4. Sales, Revenue and Market Share
8. Global Drug Device Combination Market Competition, by Manufacturer
8.1. Global Drug Device Combination Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Drug Device Combination Revenue and Market Share by Manufacturer (2017-2017)
8.3. Global Drug Device Combination Price by Manufacturer (2017-2017)
8.4. Top 5 Drug Device Combination Manufacturer Market Share
8.5. Market Competition Trend
9. Drug Device Combination Market Forecast (2027-2023)
9.1. Global Drug Device Combination Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
9.2. Drug Device Combination Market Forecast by Regions (2027-2023)
9.2.1. North America Drug Device Combination Market Forecast (2027-2023)
9.2.1.1. United States Drug Device Combination Market Forecast (2027-2023)
9.2.1.2. Canada Drug Device Combination Market Forecast (2027-2023)
9.2.1.3. Mexico Drug Device Combination Market Forecast (2027-2023)
9.2.2. Europe Drug Device Combination Market Forecast (2027-2023)
9.2.2.1. Germany Drug Device Combination Market Forecast (2027-2023)
9.2.2.2. United Kingdom Drug Device Combinations Market Forecast (2027-2023)
9.2.2.3. France Drug Device Combination Market Forecast (2027-2023)
9.2.2.4. Russia Drug Device Combination Market Forecast (2027-2023)
9.2.2.5. Italy Drug Device Combination Market Forecast (2027-2023)
9.2.2.6. Rest of the Europe Drug Device Combination Market Forecast (2027-2023)
9.2.3. Asia-Pacific Drug Device Combination Market Forecast (2027-2023)
9.2.3.1. China Drug Device Combination Market Forecast (2027-2023)
9.2.3.2. Japan Drug Device Combination Market Forecast (2027-2023)
9.2.3.3. Korea Drug Device Combination Market Forecast (2027-2023)
9.2.3.4. India Drug Device Combination Market Forecast (2027-2023)
9.2.3.5. Southeast Asia Drug Device Combination Market Forecast (2027-2023)
9.2.3.6. Rest of Asia-Pacific Drug Device Combination Market Forecast (2027-2023)
9.2.4. South America Drug Device Combination Market Forecast (2027-2023)
9.2.4.1. Brazil Drug Device Combination Market Forecast (2027-2023)
9.2.4.2. Argentina Drug Device Combination Market Forecast (2027-2023)
9.2.4.3. Columbia Drug Device Combination Market Forecast (2027-2023)
9.2.4.4. Rest of South America Drug Device Combination Market Forecast (2027-2023)
9.2.5. Middle East and Africa Drug Device Combination Market Forecast (2027-2023)
9.2.5.1. Saudi Arabia Drug Device Combination Market Forecast (2027-2023)
9.2.5.2. UAE Drug Device Combination Market Forecast (2027-2023)
9.2.5.3. Egypt Drug Device Combination Market Forecast (2027-2023)
9.2.5.4. Nigeria Drug Device Combination Market Forecast (2027-2023)
9.2.5.5. South Africa Drug Device Combination Market Forecast (2027-2023)
9.2.5.6. Rest of MEA Drug Device Combination Market Forecast (2027-2023)
9.3. Drug Device Combination Market Forecast by Product (2027-2023)
9.3.1. Global Drug Device Combination Sales Forecast by Product (2027-2023)
9.3.2. Global Drug Device Combination Sales Market Share Forecast by Product (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Drug Device Combination 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 |
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Demand Side |
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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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