Flexitanks Market By Product And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Automotive & Transportations Report Code : AT06925
Industry Outlook and Trend Analysis
The Flexitanks Market was worth USD 0.25 billion in 2017 and is expected to reach approximately USD 0.93 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 15.68% during the forecast period. Expanding demand for flexible storages combined with rising concerns in regards to portability of fluids are the essential elements driving the business development. Competitive benefits, for example, cost-effectiveness, portability, foldability alongside simplicity of set up are anticipated to support demand for flexitanks market at a lively pace over the figure time frame. Flexitanks are practical solutions in comparison with ISO tanks and drums, attributable to these factors, market players consider this as a basic alternative for saving transportation cost for non-hazardous liquids. No repositioning costs, less labour and loading costs are a portion of the variables which make this product a productive alternative for mass liquids to be transported to remote goals.
Product Outlook and Trend Analysis
Single trip flexitank was the most significant product fragment which represented 934,027 units by volume in 2017. Inferable from expanded carriage limit and low repositioning costs these tanks are favoured by manufacturers on an extensive scale. The majority of the single trip flexitanks are produced using polyethylene as reusing and disposal of such products is easier. The cost-effectiveness of expendable flexitanks has made them much pervasive than the other type. Single trip flexitanks are accessible for a wide range of non-hazardous fluid and semi-solid products. The expanding ware exchange is anticipated to encourage the single trek flexitanks' request over the gauge time frame.
Application Outlook and Trend Analysis
Food stuffs application developed as the main application fragment and represented a share of the overall industry of 35.6% in 2017. Expanding foodstuffs trade from different nations is anticipated to encourage the demand over the figure period. The chemicals portion involved the second biggest share of the overall industry of 20.7% in 2017. Bulk synthetic transportation was generally done through ISO tanks and barrels. Nonetheless, the high cleaning and repositioning expenses of these methods of transportation constrained end-users to consider a more prudent technique using flexitanks.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to be the quickest developing local market which represented 61% of the aggregate volume share in 2017. The district is foreseen to achieve 67.4% of the general share of the overall industry by 2024 attributable to quick industrialization and product send out from nations like Malaysia, Thailand, India, Indonesia, China, and Vietnam. Europe represented roughly 14.6% of the market in 2017 by volume. It is the essential exporter foodstuff and wine. The Netherlands, Denmark, and Spain are the major exporters of various foods, for example, organic product juices, malt extracts and olive oil.
Competitive Insights
The leading players in the market are Qingdao LAF Packaging Co Ltd, Mak & Williams Flexitank Supply Ltd, Environmental Packaging, SIA Flexitanks Ltd, Braid Logistics UK Ltd, My Flexitank Industries Sdn Bhd, Kricon Group, Bulk Liquid Solutions Pvt Ltd, Büscherhoff Spezialverpackung GmbH & Co KG, Full-Pak and BLT Packing Industrial 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 Flexitanks Market is segmented as follows-
By Product:
- Multi-trip
- Single-trip
By Application:
- Wine & Spirits
- Oils
- Pharmaceutical Goods
- Foodstuffs
- Chemicals
- Industrial 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
· Flexitanks Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Single-trip
· Multi-trip
· Flexitanks Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Foodstuffs
· Wine & Spirits
· Chemicals
· Oils
· Industrial Products
· Pharmaceutical Goods
· Flexitanks Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Flexitanks Market, By Country
o U.S. Flexitanks Market
o Canada Flexitanks Market
o Mexico Flexitanks Market
· Europe
§ Europe Flexitanks Market, By Country
o Germany Flexitanks Market
o UK Flexitanks Market
o France Flexitanks Market
o Russia Flexitanks Market
o Italy Flexitanks Market
o Rest of Europe Flexitanks Market
· Asia-Pacific
§ Asia-Pacific Flexitanks Market, By Country
o China Flexitanks Market
o Japan Flexitanks Market
o South Korea Flexitanks Market
o India Flexitanks Market
o Southeast Asia Flexitanks Market
o Rest of Asia-Pacific Flexitanks Market
· South America
§ South America Flexitanks Market
o Brazil Flexitanks Market
o Argentina Flexitanks Market
o Columbia Flexitanks Market
o South Africa Flexitanks Market
o Rest of South America Flexitanks Market
· Middle East and Africa
§ Middle East and Africa Flexitanks Market
o Saudi Arabia Flexitanks Market
o UAE Flexitanks Market
o Egypt Flexitanks Market
o Nigeria Flexitanks Market
o South Africa Flexitanks Market
o Rest of MEA Flexitanks 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. Flexitanks Market, By Product
5.1. Introduction
5.2. Global Flexitanks Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Flexitanks Sales and Sales Share by Product (2017-2027)
5.2.2. Global Flexitanks Revenue and Revenue Share by Product (2017-2027)
5.3. Single-trip
5.3.1. Global Single-trip Sales and Growth Rate (2017-2027)
5.4. Multi-trip
5.4.1. Global Multi-trip Sales and Growth Rate (2017-2027)
6. Flexitanks Market, By Application
6.1. Introduction
6.2. Global Flexitanks Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Flexitanks Sales and Sales Share by Application (2017-2027)
6.2.2. Global Flexitanks Revenue and Revenue Share by Application (2017-2027)
6.3. Foodstuffs
6.3.1. Global Foodstuffs Sales and Growth Rate (2017-2027)
6.4. Wine & Spirits
6.4.1. Global Wine & Spirits Sales and Growth Rate (2017-2027)
6.5. Chemicals
6.5.1. Global Chemicals Sales and Growth Rate (2017-2027)
6.6. Oils
6.6.1. Global Oils Sales and Growth Rate (2017-2027)
6.7. Industrial Products
6.7.1. Global Industrial Products Sales and Growth Rate (2017-2027)
6.8. Pharmaceutical Goods
6.8.1. Global Pharmaceutical Goods Sales and Growth Rate (2017-2027)
7. Flexitanks Market, By Region
7.1. Introduction
7.2. Global Flexitanks Sales, Revenue and Market Share by Regions
7.2.1. Global Flexitanks Sales by Regions (2017-2027)
7.2.2. Global Flexitanks Revenue by Regions (2017-2027)
7.3. North America Flexitanks by Countries
7.3.1. North America Flexitanks Sales and Growth Rate (2017-2027)
7.3.2. North America Flexitanks Revenue and Growth Rate (2017-2027)
7.3.3. North America Flexitanks Sales by Countries (2017-2027)
7.3.4. North America Flexitanks Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Flexitanks Sales and Growth Rate (2017-2027)
7.3.5.2. United States Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Flexitanks Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Flexitanks Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Flexitanks Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Flexitanks by Countries
7.4.1. Europe Flexitanks Sales and Growth Rate (2017-2027)
7.4.2. Europe Flexitanks Revenue and Growth Rate (2017-2027)
7.4.3. Europe Flexitanks Sales by Countries (2017-2027)
7.4.4. Europe Flexitanks Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Flexitanks Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Flexitanks Sales and Growth Rate (2017-2027)
7.4.6.2. UK Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Flexitanks Sales and Growth Rate (2017-2027)
7.4.7.2. France Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Flexitanks Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Flexitanks Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Flexitanks Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Flexitanks Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Flexitanks Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Flexitanks Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Flexitanks Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Flexitanks Sales and Growth Rate (2017-2027)
7.5.5.2. China Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Flexitanks Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Flexitanks Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Flexitanks Sales and Growth Rate (2017-2027)
7.5.8.2. India Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Flexitanks Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Flexitanks Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Flexitanks Sales and Growth Rate (2017-2027)
7.6.2. South America Flexitanks Revenue and Growth Rate (2017-2027)
7.6.3. South America Flexitanks Sales by Countries (2017-2027)
7.6.4. South America Flexitanks Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Flexitanks Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Flexitanks Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Flexitanks Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Flexitanks Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Flexitanks Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Flexitanks Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Flexitanks Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Flexitanks Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Flexitanks Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Flexitanks Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Flexitanks Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Flexitanks Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Flexitanks Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Flexitanks 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 Flexitanks Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Flexitanks Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. BLT Flexitank Industrial Co. Ltd.
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. Braid Logistics UK 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. Bulk Liquid Solutions Pvt. 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. Buscherhoff Spezialverpackung GmbH & Co. KG
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. Environmental Packaging Technologies, Inc.
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. Full-Pak
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. K Tank Supply Ltd.
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Mak & Williams Flexitank Supply Ltd.
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. MY FlexiTank (MYF)
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. KriCon Group BV
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Flexitanks Market Competition, by Manufacturer
9.1. Global Flexitanks Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Flexitanks Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Flexitanks Price by Manufacturer (2017-2017)
9.4. Top 5 Flexitanks Manufacturer Market Share
9.5. Market Competition Trend
10. Flexitanks Market Forecast (2027-2023)
10.1. Global Flexitanks Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Flexitanks Market Forecast by Regions (2027-2023)
10.2.1. North America Flexitanks Market Forecast (2027-2023)
10.2.1.1. United States Flexitanks Market Forecast (2027-2023)
10.2.1.2. Canada Flexitanks Market Forecast (2027-2023)
10.2.1.3. Mexico Flexitanks Market Forecast (2027-2023)
10.2.2. Europe Flexitanks Market Forecast (2027-2023)
10.2.2.1. Germany Flexitanks Market Forecast (2027-2023)
10.2.2.2. United Kingdom Flexitanks Market Forecast (2027-2023)
10.2.2.3. France Flexitanks Market Forecast (2027-2023)
10.2.2.4. Russia Flexitanks Market Forecast (2027-2023)
10.2.2.5. Italy Flexitanks Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Flexitanks Market Forecast (2027-2023)
10.2.3. Asia-Pacific Flexitanks Market Forecast (2027-2023)
10.2.3.1. China Flexitanks Market Forecast (2027-2023)
10.2.3.2. Japan Flexitanks Market Forecast (2027-2023)
10.2.3.3. Korea Flexitanks Market Forecast (2027-2023)
10.2.3.4. India Flexitanks Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Flexitanks Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Flexitanks Market Forecast (2027-2023)
10.2.4. South America Flexitanks Market Forecast (2027-2023)
10.2.4.1. Brazil Flexitanks Market Forecast (2027-2023)
10.2.4.2. Argentina Flexitanks Market Forecast (2027-2023)
10.2.4.3. Columbia Flexitanks Market Forecast (2027-2023)
10.2.4.4. Rest of South America Flexitanks Market Forecast (2027-2023)
10.2.5. Middle East and Africa Flexitanks Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Flexitanks Market Forecast (2027-2023)
10.2.5.2. UAE Flexitanks Market Forecast (2027-2023)
10.2.5.3. Egypt Flexitanks Market Forecast (2027-2023)
10.2.5.4. Nigeria Flexitanks Market Forecast (2027-2023)
10.2.5.5. South Africa Flexitanks Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Flexitanks Market Forecast (2027-2023)
10.3. Flexitanks Market Forecast by Product (2027-2023)
10.3.1. Global Flexitanks Sales Forecast by Product (2027-2023)
10.3.2. Global Flexitanks Sales Market Share Forecast by Product (2027-2023)
10.4. Flexitanks Market Forecast by Application (2027-2023)
10.4.1. Global Flexitanks Sales Forecast by Application (2027-2023)
10.4.2. Global Flexitanks 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 Flexitanks 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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