Eyewear Market By Product - Global Industry Analysis And Forecast To 2023

Published On : May 2022 Pages : 80 Category: Biotechnology Report Code : HC05734

Industry Outlook and Trend Analysis

The Eyewear Market was worth USD 94.86 billion in 2017 and is expected to reach approximately USD 190.43 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.05% during the forecast period. The expanding reliance on electronic devices, for example, television, computers, and mobile phones has prompted eyesight issues bringing about the purchase of more eyewear products. The ascent in the quantity of optical deficiencies and development in the elderly populace is anticipated to expand the eyewear market development. The expanding occurrence of myopia has prompted an expanded interest for the prescription based eyeglasses. Changes in way of life and technological progressions have prompted long term exposure to electronic gadgets that have caused strain on eyes. The need among the people to ensure their eyes is foreseen to drive the eyewear request universally.

Product Outlook and Trend Analysis

The spectacle segment represented more than half of the general volume share in 2017. The concerns related to eye health and the fashion-conscious clients is anticipated to support the section development throughout the following couple of years. Additionally, the developing aged populace is progressively inclining toward the prescription-based displays to handle visual lacks and cure refractive errors. Another factor adding to the spectacles development is the incessant replacement cycles. The contact focal points section is expected to witness an enduring development over the estimate time frame attributable to the reduction in the adoption of spectacles to improve visual appearance.

Regional Outlook and Trend Analysis

Europe was the biggest regional market with income of over USD 35 billion in 2017, essentially because of high normal offering costs for the eyewear products and solid interest toward premium class. Premium buyers are progressively choosing anti-reflective, UV protected, and scratch-resistant eyewear products, which is further boosting the demand in the area. Further, the existence of major eyewear sellers, for example, Safilo and Luxottica has driven the European territorial market to rule the worldwide business.

Competitive Insights

The leading players in the market are Fielmann, Luxottica Group SpA, CooperVision, Safilo S.p.A and Bausch + Lomb. These players have made a strong position in the market by offering a broad arrangement of eyewear products over the globe. Further, the organizations have additionally embraced vertical mix and a compelling dispersion system to drive benefit.

The Eyewear Market is segmented as follows-

By Product:

  • Plano Sunglasses
    • Non Polarized Sunglasses
    • Polycarbonate Sunglasses
    • Polarized Sunglasses
    • CR-39 Sunglasses
    • Polyurethane Sunglasses
    • Others
  • Spectacles
    • Spectacle Lenses
    • Spectacle Frames
  • Contact Lenses

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

·         Eyewear Market, By Product, Estimates and Forecast, 2014-2023($Million)

·         Spectacles

o    Spectacle Frames

o    Spectacle Lenses

·         Contact Lenses

·         Plano Sunglasses

o    Polarized Sunglasses

o    Non Polarized Sunglasses

o    CR-39 Sunglasses

o     Polycarbonate Sunglasses

o    Polyurethane Sunglasses

o    Others

·         Eyewear Market, By Region, Estimates and Forecast, 2014-2023($Million)

o    North America

§  North America Eyewear Market, By Country

o    U.S. Eyewear Market

o    Canada Eyewear Market

o    Mexico Eyewear Market

o    Europe

§  Europe Eyewear Market, By Country

o    Germany Eyewear Market

o    UK Eyewear Market

o    France Eyewear Market

o    Russia Eyewear Market

o    Italy Eyewear Market

o    Rest of Europe Eyewear Market

o    Asia-Pacific

§  Asia-Pacific Eyewear Market, By Country

o    China Eyewear Market

o    Japan Eyewear Market

o    South Korea Eyewear Market

o    India Eyewear Market

o    Southeast Asia Eyewear Market

o    Rest of Asia-Pacific Eyewear Market

o    South America

§  South America Eyewear Market

o    Brazil Eyewear Market

o    Argentina Eyewear Market

o    Columbia Eyewear Market

o    South Africa Eyewear Market

o    Rest of South America Eyewear Market

o    Middle East and Africa

§  Middle East and Africa Eyewear Market

o    Saudi Arabia Eyewear Market

o    UAE Eyewear Market

o    Egypt Eyewear Market

o    Nigeria Eyewear Market

o    South Africa Eyewear Market

o    Rest of MEA Eyewear 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

3.2.1.1.    Growing Number of Ophthalmic Disorders

3.2.1.2.    Awareness Regarding Eye Examinations

3.2.2.  Restraints

3.2.2.1.    Growing Acceptance of Refractive Surgeries

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.       Eyewear Market, By Product

5.1.       Introduction

5.2.       Global Eyewear Sales, Revenue and Market Share by Product (2017-2017)

5.2.1.  Global Eyewear Sales and Sales Share by Product (2017-2017)

5.2.2.  Global Eyewear Revenue and Revenue Share by Product (2017-2017)

5.3.       Eyewear Market Assessment and Forecast, By Product, 2017-2023

5.4.       Spectacles

5.4.1.  Global Spectacles Sales and Growth Rate By Type (2017-2027)

5.4.2.  Global Spectacles Sales and Growth Rate (2017-2027)

5.4.3.  Spectacle Frames

5.4.3.1.    Global Spectacle Frames Sales and Growth Rate (2017-2027)

5.4.4.  Spectacle Lenses

5.4.4.1.    Global Spectacle Lenses Sales and Growth Rate (2017-2027)

5.5.       Contact Lenses

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

5.6.       Plano Sunglasses

5.6.1.  Global Plano Sunglasses Sales and Growth Rate By Type (2017-2027)

5.6.2.  Global Plano Sunglasses Sales and Growth Rate (2017-2027)

5.6.3.  Polarized Sunglasses

5.6.3.1.    Global Polarized Sunglasses Sales and Growth Rate (2017-2027)

5.6.4.  Non Polarized Sunglasses

5.6.4.1.    Global Non Polarized Sunglasses Sales and Growth Rate (2017-2027)

5.6.5.  CR-39 Sunglasses

5.6.5.1.    Global CR-39 Sunglasses Sales and Growth Rate (2017-2027)

5.6.6.  Polycarbonate Sunglasses

5.6.6.1.    Global Polycarbonate Sunglasses Sales and Growth Rate (2017-2027)

5.6.7.  Polyurethane Sunglasses

5.6.7.1.    Global Polyurethane Sunglasses Sales and Growth Rate (2017-2027)

5.6.8.  Others

5.6.8.1.    Global Other Products Sales and Growth Rate (2017-2027)

6.       Eyewear Market, By Region

6.1.       Introduction

6.2.       Global Eyewear Sales, Revenue and Market Share by Regions

6.2.1.  Global Eyewear Sales by Regions (2017-2027)

6.2.2.  Global Eyewear Revenue by Regions (2017-2027)

6.3.       North America Eyewear by Countries

6.3.1.  North America Eyewear Sales and Growth Rate (2017-2027)

6.3.2.  North America Eyewear Revenue and Growth Rate (2017-2027)

6.3.3.  North America Eyewear Sales by Countries (2017-2027)

6.3.4.  North America Eyewear Revenue (Million USD) by Countries (2017-2027)

6.3.5.  U.S.

6.3.5.1.    United States Eyewear Sales and Growth Rate (2017-2027)

6.3.5.2.    United States Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.3.6.  Canada

6.3.6.1.    Canada Eyewear Sales and Growth Rate (2017-2027)

6.3.6.2.    Canada Eyewear Sales (Millions USD) and Growth Rate (2017-2027)

6.3.7.  Mexico

6.3.7.1.    Mexico Eyewear Sales and Growth Rate (2017-2027)

6.3.7.2.    Mexico Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.       Europe Eyewear by Countries

6.4.1.  Europe Eyewear Sales and Growth Rate (2017-2027)

6.4.2.  Europe Eyewear Revenue and Growth Rate (2017-2027)

6.4.3.  Europe Eyewear Sales by Countries (2017-2027)

6.4.4.  Europe Eyewear Revenue (Million USD) by Countries (2017-2027)

6.4.5.  Germany

6.4.5.1.    Germany Eyewear Sales and Growth Rate (2017-2027)

6.4.5.2.    Germany Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.6.  UK

6.4.6.1.    UK Eyewear Sales and Growth Rate (2017-2027)

6.4.6.2.    UK Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.7.  France

6.4.7.1.    France Eyewear Sales and Growth Rate (2017-2027)

6.4.7.2.    France Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.8.  Russia

6.4.8.1.    Russia Eyewear Sales and Growth Rate (2017-2027)

6.4.8.2.    Russia Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.9.  Italy

6.4.9.1.    Italy Eyewear Sales and Growth Rate (2017-2027)

6.4.9.2.    Italy Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.4.10.      Rest of Europe

6.4.10.1. Rest of Europe Eyewear Sales and Growth Rate (2017-2027)

6.4.10.2. Rest of Europe Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.       Asia-Pacific

6.5.1.  Asia-Pacific Eyewear Sales and Growth Rate (2017-2027)

6.5.2.  Asia-Pacific Eyewear Revenue and Growth Rate (2017-2027)

6.5.3.  Asia-Pacific Eyewear Sales by Countries (2017-2027)

6.5.4.  Asia-Pacific Eyewear Revenue (Million USD) by Countries (2017-2027)

6.5.5.  China

6.5.5.1.    China Eyewear Sales and Growth Rate (2017-2027)

6.5.5.2.    China Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.6.  Japan

6.5.6.1.    Japan Eyewear Sales and Growth Rate (2017-2027)

6.5.6.2.    Japan Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.6.3.     

6.5.7.  Korea

6.5.7.1.    Korea Eyewear Sales and Growth Rate (2017-2027)

6.5.7.2.    Korea Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.8.  India

6.5.8.1.    India Eyewear Sales and Growth Rate (2017-2027)

6.5.8.2.    India Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.9.  Southeast Asia

6.5.9.1.    Southeast Asia Eyewear Sales and Growth Rate (2017-2027)

6.5.9.2.    Southeast Asia Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.5.10.      Rest of Asia-Pacific

6.5.10.1. Rest of Asia-Pacific Eyewear Sales and Growth Rate (2017-2027)

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

6.6.       South America

6.6.1.  South America Eyewear Sales and Growth Rate (2017-2027)

6.6.2.  South America Eyewear Revenue and Growth Rate (2017-2027)

6.6.3.  South America Eyewear Sales by Countries (2017-2027)

6.6.4.  South America Eyewear Revenue (Million USD) by Countries (2017-2027)

6.6.5.  Brazil

6.6.5.1.    Brazil Eyewear Sales and Growth Rate (2017-2027)

6.6.5.2.    Brazil Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.6.6.  Argentina

6.6.6.1.    Argentina Eyewear Sales and Growth Rate (2017-2027)

6.6.6.2.    Argentina Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.6.7.  Columbia

6.6.7.1.    Columbia Eyewear Sales and Growth Rate (2017-2027)

6.6.7.2.    Columbia Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.6.8.  Rest of South America

6.6.8.1.    Rest of South America Eyewear Sales and Growth Rate (2017-2027)

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

6.7.       Middle East and Africa

6.7.1.  Middle East and Africa Eyewear Sales and Growth Rate (2017-2027)

6.7.2.  Middle East and Africa Eyewear Revenue and Growth Rate (2017-2027)

6.7.3.  Middle East and Africa Eyewear Sales by Countries (2017-2027)

6.7.4.  Middle East and Africa Eyewear Revenue (Million USD) by Countries (2017-2027)

6.7.5.  Saudi Arabia

6.7.5.1.    Saudi Arabia Eyewear Sales and Growth Rate (2017-2027)

6.7.5.2.    Saudi Arabia Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.7.6.  United Arab Emirates

6.7.6.1.    United Arab Emirates Eyewear Sales and Growth Rate (2017-2027)

6.7.6.2.    United Arab Emirates Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.7.7.  Egypt

6.7.7.1.    Egypt Eyewear Sales and Growth Rate (2017-2027)

6.7.7.2.    Egypt Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.7.8.  Nigeria

6.7.8.1.    Nigeria Eyewear Sales and Growth Rate (2017-2027)

6.7.8.2.    Nigeria Eyewear Revenue (Millions USD) and Growth Rate (2017-2027)

6.7.9.  South Africa

6.7.9.1.    South Africa Eyewear Sales and Growth Rate (2017-2027)

6.7.9.2.    South Africa Eyewear 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 Eyewear Sales and Growth Rate (2017-2027)

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

7.       Company Profiles

7.1.       Bausch + Lomb Inc.

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.        Carl Zeiss AG

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.       Charmant Group

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.       Chemilens

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.       CIBA Vision Inc. (Alcon)

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.       CooperVision

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.       De Rigo SpA

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.       Daemyung Optical

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.       De Rigo SpA

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.    Essilor International S.A

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 Eyewear Market  Competition, by Manufacturer

8.1.       Global Eyewear Sales and Market Share by Manufacturer (2017-2017)

8.2.       Global Eyewear Revenue and Market Share by Manufacturer (2017-2017)

8.3.       Global Eyewear Price by Manufacturer (2017-2017)

8.4.       Top 5 Eyewear Manufacturer Market Share

8.5.       Market Competition Trend

9.       Eyewear Market Forecast (2027-2023)

9.1.       Global Eyewear Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

9.2.       Eyewear Market Forecast by Regions (2027-2023)

9.2.1.  North America Eyewear Market Forecast (2027-2023)

9.2.1.1.    United States Eyewear Market Forecast (2027-2023)

9.2.1.2.    Canada Eyewear Market Forecast (2027-2023)

9.2.1.3.    Mexico Eyewear Market Forecast (2027-2023)

9.2.2.  Europe Eyewear Market Forecast (2027-2023)

9.2.2.1.    Germany Eyewear Market Forecast (2027-2023)

9.2.2.2.    United Kingdom Eyewear Market Forecast (2027-2023)

9.2.2.3.    France Eyewear Market Forecast (2027-2023)

9.2.2.4.    Russia Eyewear Market Forecast (2027-2023)

9.2.2.5.    Italy Eyewear Market Forecast (2027-2023)

9.2.2.6.    Rest of the Europe Eyewear Market Forecast (2027-2023)

9.2.3.  Asia-Pacific Eyewear Market Forecast (2027-2023)

9.2.3.1.    China Eyewear Market Forecast (2027-2023)

9.2.3.2.    Japan Eyewear Market Forecast (2027-2023)

9.2.3.3.    Korea Eyewear Market Forecast (2027-2023)

9.2.3.4.    India Eyewear Market Forecast (2027-2023)

9.2.3.5.    Southeast Asia Eyewear Market Forecast (2027-2023)

9.2.3.6.    Rest of Asia-Pacific Eyewear Market Forecast (2027-2023)

9.2.4.  South America Eyewear Market Forecast (2027-2023)

9.2.4.1.    Brazil Eyewear Market Forecast (2027-2023)

9.2.4.2.    Argentina Eyewear Market Forecast (2027-2023)

9.2.4.3.    Columbia Eyewear Market Forecast (2027-2023)

9.2.4.4.    Rest of South America Eyewear Market Forecast (2027-2023)

9.2.5.  Middle East and Africa Eyewear Market Forecast (2027-2023)

9.2.5.1.    Saudi Arabia Eyewear Market Forecast (2027-2023)

9.2.5.2.    UAE Eyewear Market Forecast (2027-2023)

9.2.5.3.    Egypt Eyewear Market Forecast (2027-2023)

9.2.5.4.    Nigeria Eyewear Market Forecast (2027-2023)

9.2.5.5.    South Africa Eyewear Market Forecast (2027-2023)

9.2.5.6.    Rest of MEA Eyewear Market Forecast (2027-2023)

9.3.       Eyewear Market Forecast by Product (2027-2023)

9.3.1.  Global Eyewear Sales Forecast by Product (2027-2023)

9.3.2.  Global Eyewear Sales Market Share Forecast by Product (2027-2023)

List of Tables and Figures

*You can glance through the list of Tables and Figures when you view the sample copy of Eyewear Market.


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Eyewear Market.


Research Methodology

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

Data Mining

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

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

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

Secondary Data Sources

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

 

Market Modeling and Forecasting

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

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

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

Data Validation

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

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

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

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