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Emission Control Catalyst Market By Type And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 177 Category: Automotive & Transportations Report Code : AT06907
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Emission Control Catalyst Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Emission Control Catalyst has a place with a class of which is utilized to change over harmful gases and toxins in exhaust gas to less lethal contaminations. These are utilized to part the solid particulates in engine exhaust systems of industrial apparatus and transportation vehicles. Numerous nations over the globe are using advance catalyst technologies including diesel oxidation catalyst (DOC), diesel particulate filter (DPF), and particular reactant diminishment (SCR). These are generally used as a part of use, for example, industrial, transportation, among others.
Type Outlook and Trend Analysis
Platinum is the most active catalyst and a commonly used valuable metal in catalytic converters in gasoline motors. It is useful as both a decrease and an oxidation catalyst. The usage of platinum from the auto catalyst division is in charge of over % of the aggregate platinum demand. Platinum is majorly used as a part of diesel vehicles since it goes about as both an oxidation and a decrease operator to lessen emissions of sulphur. Palladium based ECCs are anticipated to constitute the quickest developing material type fragment of the ECC market.
Application Outlook and Trend Analysis
The automotive sector is the biggest market for valuable metal-based emission control catalysts and represents the biggest share of the aggregate emanation control catalyst market estimate regarding esteem. The demand for platinum group metals is anticipated to develop at a quick rate in the automotive business as these assets are predominantly utilized in catalytic converters for light duty vehicles and heavy duty vehicles and furthermore in the locomotive and marine industry. The most famous and effective catalytic technology utilized before for vehicles was oxidation catalysis which has now been supplanted by considerably more proficient three-way catalytic converter technology.
Regional Outlook and Trend Analysis
Europe has risen as the main market area for Emission Control Catalyst trailed by North America and Asia Pacific. In Europe, nations, for example, France, Italy, Spain, Russia, UK, and Germany have raised as the significant consumer market because of stringent emanation controls, for example, Euro 6, and ceaseless development in automotive generation. Germany is anticipated to develop with the solid CAGR by virtue of solid automotive manufacturing base alongside moving producer's inclination towards Emission Control Catalyst. North America is anticipated to enrol a direct development in the Emission Control Catalyst by virtue of rising ecological concern and awareness with respect to the destructive parts of contamination.
Competitive Insights
The leading players in the market are BASF Catalysts, Corning Technologies Pvt Ltd, Clariant, Johnson Matthey, Umicore and Solvay S.A. 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 Emission Control Catalyst Market is segmented as follows-
By Type:
- Platinum
- Palladium
- Rhodium
- Others
By Application:
- Industrial
- Automotive
- 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
· Emission Control Catalyst Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Platinum
· Palladium
· Rhodium
· Others
· Emission Control Catalyst Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Industrial
· Automotive
· Others
· Emission Control Catalyst Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Emission Control Catalyst Market, By Country
o U.S. Emission Control Catalyst Market
o Canada Emission Control Catalyst Market
o Mexico Emission Control Catalyst Market
· Europe
§ Europe Emission Control Catalyst Market, By Country
o Germany Emission Control Catalyst Market
o UK Emission Control Catalyst Market
o France Emission Control Catalyst Market
o Russia Emission Control Catalyst Market
o Italy Emission Control Catalyst Market
o Rest of Europe Emission Control Catalyst Market
· Asia-Pacific
§ Asia-Pacific Emission Control Catalyst Market, By Country
o China Emission Control Catalyst Market
o Japan Emission Control Catalyst Market
o South Korea Emission Control Catalyst Market
o India Emission Control Catalyst Market
o Southeast Asia Emission Control Catalyst Market
o Rest of Asia-Pacific Emission Control Catalyst Market
· South America
§ South America Emission Control Catalyst Market
o Brazil Emission Control Catalyst Market
o Argentina Emission Control Catalyst Market
o Columbia Emission Control Catalyst Market
o South Africa Emission Control Catalyst Market
o Rest of South America Emission Control Catalyst Market
· Middle East and Africa
§ Middle East and Africa Emission Control Catalyst Market
o Saudi Arabia Emission Control Catalyst Market
o UAE Emission Control Catalyst Market
o Egypt Emission Control Catalyst Market
o Nigeria Emission Control Catalyst Market
o South Africa Emission Control Catalyst Market
o Rest of MEA Emission Control Catalyst 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
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. Emission Control Catalyst Market, By Type
5.1. Introduction
5.2. Global Emission Control Catalyst Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Emission Control Catalyst Sales and Sales Share by Type (2017-2027)
5.2.2. Global Emission Control Catalyst Revenue and Revenue Share by Type (2017-2027)
5.3. Platinum
5.3.1. Global Platinum Sales and Growth Rate (2017-2027)
5.4. Palladium
5.4.1. Global Palladium Sales and Growth Rate (2017-2027)
5.5. Rhodium
5.5.1. Global Rhodium Sales and Growth Rate (2017-2027)
5.6. Others
5.6.1. Global Others Sales and Growth Rate (2017-2027)
6. Emission Control Catalyst Market, By Application
6.1. Introduction
6.2. Global Emission Control Catalyst Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Emission Control Catalyst Sales and Sales Share by Application (2017-2027)
6.2.2. Global Emission Control Catalyst Revenue and Revenue Share by Application (2017-2027)
6.3. Industrial
6.3.1. Global Industrial Sales and Growth Rate (2017-2027)
6.4. Automotive
6.4.1. Global Automotive Sales and Growth Rate (2017-2027)
6.5. Others
6.5.1. Global Others Sales and Growth Rate (2017-2027)
7. Emission Control Catalyst Market, By Region
7.1. Introduction
7.2. Global Emission Control Catalyst Sales, Revenue and Market Share by Regions
7.2.1. Global Emission Control Catalyst Sales by Regions (2017-2027)
7.2.2. Global Emission Control Catalyst Revenue by Regions (2017-2027)
7.3. North America Emission Control Catalyst by Countries
7.3.1. North America Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.3.2. North America Emission Control Catalyst Revenue and Growth Rate (2017-2027)
7.3.3. North America Emission Control Catalyst Sales by Countries (2017-2027)
7.3.4. North America Emission Control Catalyst Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.3.5.2. United States Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Emission Control Catalyst by Countries
7.4.1. Europe Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.2. Europe Emission Control Catalyst Revenue and Growth Rate (2017-2027)
7.4.3. Europe Emission Control Catalyst Sales by Countries (2017-2027)
7.4.4. Europe Emission Control Catalyst Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.6.2. UK Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.7.2. France Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Emission Control Catalyst Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Emission Control Catalyst Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Emission Control Catalyst Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.5.2. China Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.8.2. India Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.6.2. South America Emission Control Catalyst Revenue and Growth Rate (2017-2027)
7.6.3. South America Emission Control Catalyst Sales by Countries (2017-2027)
7.6.4. South America Emission Control Catalyst Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Emission Control Catalyst Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Emission Control Catalyst Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Emission Control Catalyst Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Emission Control Catalyst 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 Emission Control Catalyst Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Emission Control Catalyst Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. DCL International Inc
8.1.1. Business Overview
8.1.2. Type Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Cormetech Inc
8.2.1. Business Overview
8.2.2. Type Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Cataler Corporation
8.3.1. Business Overview
8.3.2. Type Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Aerinox Inc
8.4.1. Business Overview
8.4.2. Type Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Clariant International Ltd
8.5.1. Business Overview
8.5.2. Type Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Corning Incorporated
8.6.1. Business Overview
8.6.2. Type Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Umicore SA
8.7.1. Business Overview
8.7.2. Type Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Solvay SA
8.8.1. Business Overview
8.8.2. Type Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Johnson Matthey PLC
8.9.1. Business Overview
8.9.2. Type Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. BASF Catalysts LLC
8.10.1. Business Overview
8.10.2. Type Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Emission Control Catalyst Market Competition, by Manufacturer
9.1. Global Emission Control Catalyst Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Emission Control Catalyst Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Emission Control Catalyst Price by Region (2017-2017)
9.4. Top 5 Emission Control Catalyst Manufacturer Market Share
9.5. Market Competition Trend
10. Emission Control Catalyst Market Forecast (2027-2023)
10.1. Global Emission Control Catalyst Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Emission Control Catalyst Market Forecast by Regions (2027-2023)
10.2.1. North America Emission Control Catalyst Market Forecast (2027-2023)
10.2.1.1. United States Emission Control Catalyst Market Forecast (2027-2023)
10.2.1.2. Canada Emission Control Catalyst Market Forecast (2027-2023)
10.2.1.3. Mexico Emission Control Catalyst Market Forecast (2027-2023)
10.2.2. Europe Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.1. Germany Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.2. United Kingdom Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.3. France Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.4. Russia Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.5. Italy Emission Control Catalyst Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Emission Control Catalyst Market Forecast (2027-2023)
10.2.3. Asia-Pacific Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.1. China Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.2. Japan Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.3. Korea Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.4. India Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Emission Control Catalyst Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Emission Control Catalyst Market Forecast (2027-2023)
10.2.4. South America Emission Control Catalyst Market Forecast (2027-2023)
10.2.4.1. Brazil Emission Control Catalyst Market Forecast (2027-2023)
10.2.4.2. Argentina Emission Control Catalyst Market Forecast (2027-2023)
10.2.4.3. Columbia Emission Control Catalyst Market Forecast (2027-2023)
10.2.4.4. Rest of South America Emission Control Catalyst Market Forecast (2027-2023)
10.2.5. Middle East and Africa Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.2. UAE Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.3. Egypt Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.4. Nigeria Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.5. South Africa Emission Control Catalyst Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Emission Control Catalyst Market Forecast (2027-2023)
10.3. Emission Control Catalyst Market Forecast by Type (2027-2023)
10.3.1. Global Emission Control Catalyst Sales Forecast by Type (2027-2023)
10.3.2. Global Emission Control Catalyst Sales Market Share Forecast by Type (2027-2023)
10.4. Emission Control Catalyst Market Forecast by Application (2027-2023)
10.4.1. Global Emission Control Catalyst Sales Forecast by Application (2027-2023)
10.4.2. Global Emission Control Catalyst 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 Emission Control Catalyst 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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