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Food Grade Iron Powder Market By Type And End User - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Food and Beverages Report Code : FB06926
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Food Grade Iron Powder Market was worth USD million in 2017 and is expected to reach approximately USD million by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Food Grade Iron Powder is ideal for use as a fortificant for various application and reasons. In selection procedure of iron compound as a food fortificant, the general goal is to locate the one that has more prominent absorbability i.e. the highest relative bioavailability in comparison and ferrous sulphate. Wide usage of food grade iron powder in various sub-verticals is anticipated to ascend in the estimate time frame. Extensive uses in nutritious and dietary supplements, infant food products, dairy products, animal feeds and for crop protection in agricultural fragment makes it a conspicuous additive.
Drivers and Restraints
Iron deficiency is one of the world's widespread micronutrient deficiencies among new-born children and youngsters matured between six months and two years. The usage of fundamental micronutrients in infant formulas is rising, attributable to rising purchaser inclination for nutritional fortification in infant formula and baby food products. Hectic schedules of working women, inappropriate care because of commitment and less time to kids, and inadequate consumption of nutrients by new-born children from breastfeeding, are required to develop the interest for infant formulas with essential nutrients. Iron adequacy is vital for typical human growth & development. The early iron supplementation ought to be addressed with the quickly developing child’s requirement for haemoglobin and tissue iron for development.
Market Segmentation
The Food Grade Iron Powder Market is segmented on the basis of type and end user. Based on type the market is Iron Compounds and Elemental Iron. The iron compounds such as ferrous fumarate, ferrous gluconate, ferrous sulphate and other is foreseen to be the most attractive segment in the upcoming years. Based on end use the market is segmented into Animal Feed, Food & Beverages, Agriculture and others out of which the food & beverages section is leading and is anticipated to continue its dominance throughout the forecast period
Regional Outlook and Trend Analysis
The populace in Asia Pacific and MEA district is exceptionally susceptible to lessen the intake of iron inferable from higher density of population in rural zones, high consumption of junk food, low awareness regarding daily dietary requirements, inadequate care given to infants with limited compliance to dietary recommendations, menstrual losses and so forth., all resulting in low iron ingestion by body for compelling working and metabolism. Consequently, based on locale, the market in APAC is anticipated to dominate over the estimate time frame trailed by MEA.
Competitive Insights
The major players in the market are Yara International Ltd., BASF SE, Compass Minerals International Inc., Agrium Inc., Höganäs AB, AkzoNobel N.V, DowDuPont Inc., Bayer AG, Syngenta International AG, Ashland Global Holdings Inc., Spectrum Chemical Manufacturing Corp and Micnelf USA Inc. 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 Food Grade Iron Powder Market is segmented as follows-
By Type:
- Iron Compounds
- Elemental Iron
By End User:
- Animal Feed
- Food & Beverages
- Agriculture
- 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
· Food Grade Iron Powder Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Elemental Iron
· Iron Compounds
· Food Grade Iron Powder Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Food & Beverages
· Animal Feed
· Agriculture
· Food Grade Iron Powder Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Food Grade Iron Powder Market, By Country
o U.S. Food Grade Iron Powder Market
o Canada Food Grade Iron Powder Market
o Mexico Food Grade Iron Powder Market
· Europe
§ Europe Food Grade Iron Powder Market, By Country
o Germany Food Grade Iron Powder Market
o UK Food Grade Iron Powder Market
o France Food Grade Iron Powder Market
o Russia Food Grade Iron Powder Market
o Italy Food Grade Iron Powder Market
o Rest of Europe Food Grade Iron Powder Market
· Asia-Pacific
§ Asia-Pacific Food Grade Iron Powder Market, By Country
o China Food Grade Iron Powder Market
o Japan Food Grade Iron Powder Market
o South Korea Food Grade Iron Powder Market
o India Food Grade Iron Powder Market
o Southeast Asia Food Grade Iron Powder Market
o Rest of Asia-Pacific Food Grade Iron Powder Market
· South America
§ South America Food Grade Iron Powder Market
o Brazil Food Grade Iron Powder Market
o Argentina Food Grade Iron Powder Market
o Columbia Food Grade Iron Powder Market
o South Africa Food Grade Iron Powder Market
o Rest of South America Food Grade Iron Powder Market
· Middle East and Africa
§ Middle East and Africa Food Grade Iron Powder Market
o Saudi Arabia Food Grade Iron Powder Market
o UAE Food Grade Iron Powder Market
o Egypt Food Grade Iron Powder Market
o Nigeria Food Grade Iron Powder Market
o South Africa Food Grade Iron Powder Market
o Rest of MEA Food Grade Iron Powder 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. Food Grade Iron Powder Market, By Type
5.1. Introduction
5.2. Global Food Grade Iron Powder Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Food Grade Iron Powder Sales and Sales Share by Type (2017-2027)
5.2.2. Global Food Grade Iron Powder Revenue and Revenue Share by Type (2017-2027)
5.3. Elemental Iron
5.3.1. Global Elemental Iron Sales and Growth Rate (2017-2027)
5.4. Iron Compounds
5.4.1. Global Iron Compounds Sales and Growth Rate (2017-2027)
6. Food Grade Iron Powder Market, By End User
6.1. Introduction
6.2. Global Food Grade Iron Powder Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Food Grade Iron Powder Sales and Sales Share by End User (2017-2027)
6.2.2. Global Food Grade Iron Powder Revenue and Revenue Share by End User (2017-2027)
6.3. Food & Beverages
6.3.1. Global Food & Beverages Sales and Growth Rate (2017-2027)
6.4. Animal Feed
6.4.1. Global Animal Feed Sales and Growth Rate (2017-2027)
6.5. Agriculture
6.5.1. Global Agriculture Sales and Growth Rate (2017-2027)
7. Food Grade Iron Powder Market, By Region
7.1. Introduction
7.2. Global Food Grade Iron Powder Sales, Revenue and Market Share by Regions
7.2.1. Global Food Grade Iron Powder Sales by Regions (2017-2027)
7.2.2. Global Food Grade Iron Powder Revenue by Regions (2017-2027)
7.3. North America Food Grade Iron Powder by Countries
7.3.1. North America Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.3.2. North America Food Grade Iron Powder Revenue and Growth Rate (2017-2027)
7.3.3. North America Food Grade Iron Powder Sales by Countries (2017-2027)
7.3.4. North America Food Grade Iron Powder Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.3.5.2. United States Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Food Grade Iron Powder Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Food Grade Iron Powder by Countries
7.4.1. Europe Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.2. Europe Food Grade Iron Powder Revenue and Growth Rate (2017-2027)
7.4.3. Europe Food Grade Iron Powder Sales by Countries (2017-2027)
7.4.4. Europe Food Grade Iron Powder Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.6.2. UK Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.7.2. France Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Food Grade Iron Powder Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Food Grade Iron Powder Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Food Grade Iron Powder Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.5.2. China Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.8.2. India Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.6.2. South America Food Grade Iron Powder Revenue and Growth Rate (2017-2027)
7.6.3. South America Food Grade Iron Powder Sales by Countries (2017-2027)
7.6.4. South America Food Grade Iron Powder Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Food Grade Iron Powder Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Food Grade Iron Powder Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Food Grade Iron Powder Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Food Grade Iron Powder 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 Food Grade Iron Powder Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Food Grade Iron Powder Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. BASF SE
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. Yara International 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. Agrium Inc.
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. Compass Minerals International Inc
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. Höganäs AB
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. DowDuPont Inc.
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. AkzoNobel N.V
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. Bayer AG
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. Spectrum Chemical Manufacturing Corp
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. Syngenta International AG
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 Food Grade Iron Powder Market Competition, by Manufacturer
9.1. Global Food Grade Iron Powder Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Food Grade Iron Powder Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Food Grade Iron Powder Price by Manufacturer (2017-2017)
9.4. Top 5 Food Grade Iron Powder Manufacturer Market Share
9.5. Market Competition Trend
10. Food Grade Iron Powder Market Forecast (2027-2023)
10.1. Global Food Grade Iron Powder Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Food Grade Iron Powder Market Forecast by Regions (2027-2023)
10.2.1. North America Food Grade Iron Powder Market Forecast (2027-2023)
10.2.1.1. United States Food Grade Iron Powder Market Forecast (2027-2023)
10.2.1.2. Canada Food Grade Iron Powder Market Forecast (2027-2023)
10.2.1.3. Mexico Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2. Europe Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.1. Germany Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.2. United Kingdom Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.3. France Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.4. Russia Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.5. Italy Food Grade Iron Powder Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3. Asia-Pacific Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.1. China Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.2. Japan Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.3. Korea Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.4. India Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Food Grade Iron Powder Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Food Grade Iron Powder Market Forecast (2027-2023)
10.2.4. South America Food Grade Iron Powder Market Forecast (2027-2023)
10.2.4.1. Brazil Food Grade Iron Powder Market Forecast (2027-2023)
10.2.4.2. Argentina Food Grade Iron Powder Market Forecast (2027-2023)
10.2.4.3. Columbia Food Grade Iron Powder Market Forecast (2027-2023)
10.2.4.4. Rest of South America Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5. Middle East and Africa Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.2. UAE Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.3. Egypt Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.4. Nigeria Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.5. South Africa Food Grade Iron Powder Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Food Grade Iron Powder Market Forecast (2027-2023)
10.3. Food Grade Iron Powder Market Forecast by Type (2027-2023)
10.3.1. Global Food Grade Iron Powder Sales Forecast by Type (2027-2023)
10.3.2. Global Food Grade Iron Powder Sales Market Share Forecast by Type (2027-2023)
10.4. Food Grade Iron Powder Market Forecast by End User (2027-2023)
10.4.1. Global Food Grade Iron Powder Sales Forecast by End User (2027-2023)
10.4.2. Global Food Grade Iron Powder Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Food Grade Iron Powder 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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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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