Healthcare Cyber Security Market By End User (pharmaceuticals & Chemicals, Medical Devices, Health Insurance,hospitals & Other End Users), Type Of Threat ( Malware, Ddos, Advanced Persistent Threats (apt), Spyware, Lost Or Stolen Devices, Other Types Of Threat) And Type Of Solution (identity And Access Management, Risk And Compliance Management, Antivirus And Antimalware, Ddos Mitigation, Security Information And Event Management (siem), Intrusion Detection System (ids)/intrusion Prevention Syst
Published On : June 2022 Pages : 190 Category: Healthcare IT Report Code : HC061041
Industry Outlook and Trend Analysis
The Healthcare Cyber Security Market is expected to witness considerable growth over the forecast period during the forecast period. The worldwide healthcare cyber security market is anticipated to establish a solid framework on the developing need of system security, a kind of IT security generally looked for by healthcare associations. Access control and distributed denial-of-service (DDoS) relief is a portion of the very modern kinds of system security arrangements that guarantee insurance. In addition, the end-client consumption on these arrangements is anticipated to keep seeing an ascent because of its mounting awareness. In 2017, network security displayed a ruling execution in the market. Different sorts of security, for example, remote, cloud, and application could likewise add to the general development.
Drivers & Restrains
Expanding number of data breaches is urging social insurance associations to take proactive measures to counteract private patient data against digital assaults. This, thus, is boosting the take-up of digital security arrangements and administrations over the globe. Likewise, developing appropriation of electronic wellbeing record frameworks and systems administration advances is making information protection and security challenges that should be overseen in an effective way. Expanding use of cell phones and developing social insurance specialist co-op centre towards ensuring persistent records is relied upon to help development of the healthcare cyber security market over the conjecture time frame. However, absence of government control and awareness among end clients in creating locales is hampering development of the market to certain degree. Moreover, absence of professional experts is another test blocking appropriation of healthcare cyber security solutions.
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth over the forecast period. Major factors crediting to its huge offer incorporate a high number of assaults focusing on the associations in that locale, the nearness of different fortune 500 medicinal services associations, and high spending on research and development. Furthermore nearness of computerized persistent records, high employments of organized gadgets are additionally adding to the territorial development. The energetic monetary development and innovative progressions in that district give plentiful chances to criminals to hack into the systems and take significant information.
Competitive Insights
The leading players in the market are Symantec, Trend Micro, Cisco, IBM, Paulo Alto Networks, Lockheed Martin, MacAfee, FireEye, Northrop Grumman and others. 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 Healthcare Cyber Security Market is segmented as follows-
By End User:
- Pharmaceuticals & Chemicals
- Medical Devices
- Health Insurance
- Hospitals
- Other End Users
By Type of Threat:
- Malware
- DDoS
- Advanced Persistent Threats (APT)
- Spyware
- Lost or Stolen Devices
- Other Threats
By Type of Solution:
- Identity and Access Management
- Risk and Compliance Management
- Antivirus and Antimalware
- DDoS Mitigation
- Security Information and Event Management (SIEM)
- Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
- Other Solutions
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
· Healthcare Cyber Security Market, By Type of Threat, Estimates and Forecast, 2014-2023($Billion)
o Malware
o DDoS
o Advanced Persistent Threats (APT)
o Spyware
o Lost or Stolen Devices
o Other Types of Threat
· Healthcare Cyber Security Market, By Type of Solution, Estimates and Forecast, 2014-2023($Billion)
o Identity and Access Management
o Risk and Compliance Management
o Antivirus and Antimalware
o DDoS Mitigation
o Security Information and Event Management (SIEM)
o Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
o Other types of Solution
· Healthcare Cyber Security Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Pharmaceuticals & Chemicals
o Medical Devices
o Health Insurance
o Hospitals
o Other End Users
· Healthcare Cyber Security Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Healthcare Cyber Security Market, By Country
o U.S. Healthcare Cyber Security Market
o Canada Healthcare Cyber Security Market
o Mexico Healthcare Cyber Security Market
o Europe
§ Europe Healthcare Cyber Security Market, By Country
o Germany Healthcare Cyber Security Market
o UK Healthcare Cyber Security Market
o France Healthcare Cyber Security Market
o Russia Healthcare Cyber Security Market
o Italy Healthcare Cyber Security Market
o Rest of Europe Healthcare Cyber Security Market
o Asia-Pacific
§ Asia-Pacific Healthcare Cyber Security Market, By Country
o China Healthcare Cyber Security Market
o Japan Healthcare Cyber Security Market
o South Korea Healthcare Cyber Security Market
o India Healthcare Cyber Security Market
o Southeast Asia Healthcare Cyber Security Market
o Rest of Asia-Pacific Healthcare Cyber Security Market
o South America
§ South America Healthcare Cyber Security Market
o Brazil Healthcare Cyber Security Market
o Argentina Healthcare Cyber Security Market
o Columbia Healthcare Cyber Security Market
o South Africa Healthcare Cyber Security Market
o Rest of South America Healthcare Cyber Security Market
o Middle East and Africa
§ Middle East and Africa Healthcare Cyber Security Market
o Saudi Arabia Healthcare Cyber Security Market
o UAE Healthcare Cyber Security Market
o Egypt Healthcare Cyber Security Market
o Nigeria Healthcare Cyber Security Market
o South Africa Healthcare Cyber Security Market
o Rest of MEA Healthcare Cyber Security 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. Healthcare Cyber Security Market, By End User
5.1. Introduction
5.2. Global Healthcare Cyber Security Revenue and Market Share by End User (2017-2027)
5.2.1. Global Healthcare Cyber Security Revenue and Revenue Share by End User (2017-2027)
5.3. Pharmaceuticals & Chemicals
5.3.1. Global Pharmaceuticals & Chemicals Revenue and Growth Rate (2017-2027)
5.4. Medical Devices
5.4.1. Global Medical Devices Revenue and Growth Rate (2017-2027)
5.5. Health Insurance
5.5.1. Global Health Insurance Revenue and Growth Rate (2017-2027)
5.6. Hospitals
5.6.1. Global Hospitals Revenue and Growth Rate (2017-2027)
5.7. Other End Users
5.7.1. Global Other End Users Revenue and Growth Rate (2017-2027)
6. Healthcare Cyber Security Market, By Type of Threat
6.1. Introduction
6.2. Global Healthcare Cyber Security Revenue and Market Share by Type of Threat (2017-2027)
6.2.1. Global Healthcare Cyber Security Revenue and Revenue Share by Type of Threat (2017-2027)
6.3. Malware
6.3.1. Global Malware Revenue and Growth Rate (2017-2027)
6.4. DDoS
6.4.1. Global DDoS Revenue and Growth Rate (2017-2027)
6.5. Advanced Persistent Threats (APT)
6.5.1. Global Advanced Persistent Threats (APT) Revenue and Growth Rate (2017-2027)
6.6. Spyware
6.6.1. Global Spyware Revenue and Growth Rate (2017-2027)
6.7. Lost or Stolen Devices
6.7.1. Global Lost or Stolen Devices Revenue and Growth Rate (2017-2027)
6.8. Other Types of Threat
6.8.1. Global Other Types of Threat Revenue and Growth Rate (2017-2027)
7. Healthcare Cyber Security Market, By Type of Solution
7.1. Introduction
7.2. Global Healthcare Cyber Security Revenue and Market Share by Type of Solution (2017-2027)
7.2.1. Global Healthcare Cyber Security Revenue and Revenue Share by Type of Solution (2017-2027)
7.3. Identity and Access Management
7.3.1. Global Identity and Access Management Revenue and Growth Rate (2017-2027)
7.4. Risk and Compliance Management
7.4.1. Global Risk and Compliance Management Revenue and Growth Rate (2017-2027)
7.5. Antivirus and Antimalware
7.5.1. Global Antivirus and Antimalware Revenue and Growth Rate (2017-2027)
7.6. DDoS Mitigation
7.6.1. Global DDoS Mitigation Revenue and Growth Rate (2017-2027)
7.7. Security Information and Event Management (SIEM)
7.7.1. Global Security Information and Event Management (SIEM) Revenue and Growth Rate (2017-2027)
7.8. Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
7.8.1. Global Intrusion Detection System (IDS)/Intrusion Prevention System (IPS) Revenue and Growth Rate (2017-2027)
7.9. Other Types of Solution
7.9.1. Global Other Types of Solution Revenue and Growth Rate (2017-2027)
8. Healthcare Cyber Security Market, By Region
8.1. Introduction
8.2. Global Healthcare Cyber Security Revenue and Market Share by Regions
8.2.1. Global Healthcare Cyber Security Revenue by Regions (2017-2027)
8.3. North America Healthcare Cyber Security by Countries
8.3.1. North America Healthcare Cyber Security Revenue and Growth Rate (2017-2027)
8.3.2. North America Healthcare Cyber Security Revenue by Countries (2017-2027)
8.3.3. North America Healthcare Cyber Security Revenue (Million USD) by Countries (2017-2027)
8.3.4. U.S.
8.3.4.1. United States Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.5. Canada
8.3.5.1. Canada Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Mexico
8.3.6.1. Mexico Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Healthcare Cyber Security by Countries
8.4.1. Europe Healthcare Cyber Security Revenue and Growth Rate (2017-2027)
8.4.2. Europe Healthcare Cyber Security Revenue by Countries (2017-2027)
8.4.3. Europe Healthcare Cyber Security Revenue (Million USD) by Countries (2017-2027)
8.4.4. Germany
8.4.4.1. Germany Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.5. UK
8.4.5.1. UK Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. France
8.4.6.1. France Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. Russia
8.4.7.1. Russia Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Italy
8.4.8.1. Italy Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Rest of Europe
8.4.9.1. Rest of Europe Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Healthcare Cyber Security Revenue and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Healthcare Cyber Security Revenue by Countries (2017-2027)
8.5.3. Asia-Pacific Healthcare Cyber Security Revenue (Million USD) by Countries (2017-2027)
8.5.4. China
8.5.4.1. China Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.5. Japan
8.5.5.1. Japan Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.5.2.
8.5.6. Korea
8.5.6.1. Korea Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.7. India
8.5.7.1. India Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. Southeast Asia
8.5.8.1. Southeast Asia Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Rest of Asia-Pacific
8.5.9.1. Rest of Asia-Pacific Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Healthcare Cyber Security Revenue and Growth Rate (2017-2027)
8.6.2. South America Healthcare Cyber Security Revenue by Countries (2017-2027)
8.6.3. South America Healthcare Cyber Security Revenue (Million USD) by Countries (2017-2027)
8.6.4. Brazil
8.6.4.1. Brazil Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.5. Argentina
8.6.5.1. Argentina Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Columbia
8.6.6.1. Columbia Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Rest of South America
8.6.7.1. Rest of South America Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Healthcare Cyber Security Revenue and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Healthcare Cyber Security Revenue by Countries (2017-2027)
8.7.3. Middle East and Africa Healthcare Cyber Security Revenue (Million USD) by Countries (2017-2027)
8.7.4. Saudi Arabia
8.7.4.1. Saudi Arabia Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.5. United Arab Emirates
8.7.5.1. United Arab Emirates Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. Egypt
8.7.6.1. Egypt Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Nigeria
8.7.7.1. Nigeria Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. South Africa
8.7.8.1. South Africa Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. Rest of Middle East and Africa
8.7.9.1. Rest of Middle East and Africa Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Cisco
9.1.1. Business Overview
9.1.2. End User Portfolio
9.1.3. Strategic Developments
9.1.4. Revenue and Market Share
9.2. IBM
9.2.1. Business Overview
9.2.2. End User Portfolio
9.2.3. Strategic Developments
9.2.4. Revenue and Market Share
9.3. FireEye
9.3.1. Business Overview
9.3.2. End User Portfolio
9.3.3. Strategic Developments
9.3.4. Revenue and Market Share
9.4. Symantec
9.4.1. Business Overview
9.4.2. End User Portfolio
9.4.3. Strategic Developments
9.4.4. Revenue and Market Share
9.5. Trend Micro
9.5.1. Business Overview
9.5.2. End User Portfolio
9.5.3. Strategic Developments
9.5.4. Revenue and Market Share
9.6. MacAfee
9.6.1. Business Overview
9.6.2. End User Portfolio
9.6.3. Strategic Developments
9.6.4. Revenue and Market Share
9.7. Intel
9.7.1. Business Overview
9.7.2. End User Portfolio
9.7.3. Strategic Developments
9.7.4. Revenue and Market Share
9.8. Kaspersky
9.8.1. Business Overview
9.8.2. End User Portfolio
9.8.3. Strategic Developments
9.8.4. Revenue and Market Share
9.9. Lockheed Martin
9.9.1. Business Overview
9.9.2. End User Portfolio
9.9.3. Strategic Developments
9.9.4. Revenue and Market Share
9.10. Northrop Grumman
9.10.1. Business Overview
9.10.2. End User Portfolio
9.10.3. Strategic Developments
9.10.4. Revenue and Market Share
10. Global Healthcare Cyber Security Market Competition, by Manufacturer
10.1. Global Healthcare Cyber Security Revenue and Market Share by Manufacturer (2017-2017)
10.2. Global Healthcare Cyber Security Price by Region (2017-2017)
10.3. Top 5 Healthcare Cyber Security Manufacturer Market Share
10.4. Market Competition Trend
11. Healthcare Cyber Security Market Forecast (2027-2023)
11.1. Global Healthcare Cyber Security Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Healthcare Cyber Security Market Forecast by Regions (2027-2023)
11.2.1. North America Healthcare Cyber Security Market Forecast (2027-2023)
11.2.1.1. United States Healthcare Cyber Security Market Forecast (2027-2023)
11.2.1.2. Canada Healthcare Cyber Security Market Forecast (2027-2023)
11.2.1.3. Mexico Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2. Europe Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.1. Germany Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.2. United Kingdom Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.3. France Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.4. Russia Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.5. Italy Healthcare Cyber Security Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3. Asia-Pacific Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.1. China Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.2. Japan Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.3. Korea Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.4. India Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Healthcare Cyber Security Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Healthcare Cyber Security Market Forecast (2027-2023)
11.2.4. South America Healthcare Cyber Security Market Forecast (2027-2023)
11.2.4.1. Brazil Healthcare Cyber Security Market Forecast (2027-2023)
11.2.4.2. Argentina Healthcare Cyber Security Market Forecast (2027-2023)
11.2.4.3. Columbia Healthcare Cyber Security Market Forecast (2027-2023)
11.2.4.4. Rest of South America Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5. Middle East and Africa Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.2. UAE Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.3. Egypt Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.4. Nigeria Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.5. South Africa Healthcare Cyber Security Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Healthcare Cyber Security Market Forecast (2027-2023)
11.3. Healthcare Cyber Security Market Forecast by End User (2027-2023)
11.3.1. Global Healthcare Cyber Security Revenue Forecast by End User (2027-2023)
11.3.2. Global Healthcare Cyber Security Revenue Market Share Forecast by End User (2027-2023)
11.4. Healthcare Cyber Security Market Forecast by Type of Threat (2027-2023)
11.4.1. Global Healthcare Cyber Security Revenue Forecast by Type of Threat (2027-2023)
11.4.2. Global Healthcare Cyber Security Revenue Market Share Forecast by Type of Threat (2027-2023)
11.5. Healthcare Cyber Security Market Forecast by Type of Solution (2027-2023)
11.5.1. Global Healthcare Cyber Security Revenue Forecast by Type of Solution (2027-2023)
11.5.2. Global Healthcare Cyber Security Revenue Market Share Forecast by Type of Solution (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Healthcare Cyber Security 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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