Hearing Screening And Diagnostic Devices Market By Indication (conductive Hearing Loss, Sensorineural Hearing Loss, Combination Hearing Loss And Other Indications) And Test (pure Tone Test, Tympanometry Test, Speech Reception Threshold Test, Most Comfortable Listening Level Test, Uncomfortable Loudness Level Test, Speech Discrimination Test, Bone Conduction Test And Other Tests) - Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071113
Industry Outlook and Trend Analysis
The Hearing Screening and Diagnostic Devices Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Hearing Disability is considered if the hearing loss is in excess of 40 dB in adults and 30dB in youngsters from age gather 0-14 years. As indicated by the World Health Organization 2017 report the amount of individuals dealing with hearing loss all inclusive are 360 million which accounts for 5.3% of the total populace. Sounds with Low frequency are detected close to the apex of cochlea and sounds with high frequency close to the base. Accurate comprehension of the ear anatomy is critical to perform compelling diagnosis and finish up the reasonable justification of hearing loss. A hearing diagnostic test offers an assessment of the affectability of an individual sense and ability of hearing. This assessment decides whether a hearing loss is present with its type and severity of the issue. Worldwide the market for hearing diagnostic devices is expanding quickly.
Test Outlook and Trend Analysis
Tympanometry tests are commonly used by the ENT specialists to carry out exact diagnosis of the middle ear. It is useful for detecting the fluid and puncturing in eardrums in otitis media disease. Pure tone test and bone conduction test combined are receiving huge significance for its capacity to assess the level of hearing loss in patients. If the results from both the tests are same then it is analysed as sensironeural loss in patients and if the outcomes are distinctive then patient is dealing with conductive hearing loss.
Indication Outlook and Trend Analysis
Anatomically the ear is sectioned in three areas the external, middle and inner ear, and the illness aetiology for hearing loss includes more than one segment of the ear. Currently conductive hearing loss is the most commonly diagnosed ear complication inferable from the rising prevalence of patients dealing with cerumen impaction and otosclerosis. Additionally, patients dealing with extreme otitis media infection later develop conductive hearing loss.
Regional Outlook and Trend Analysis
Around 15 % of adults in the U.S. aged 18 years or more report some inconvenience in hearing. Rising number of people who are suffering from hearing loss and the existence of flourishing diagnostic centres makes North America the pioneer of the hearing screening and diagnostic devices market. In Europe the rising pervasiveness of acquired hearing issue and presbycusis pushes the hearing screening and diagnostic devices market development.
Competitive Insights
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. 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 Hearing Screening and Diagnostic Devices Market is segmented as follows-
By Test
- Bone Conduction Test
- Tympanometry Test
- Uncomfortable Loudness Level Test
- Pure Tone Test
- Speech Reception Threshold Test
- Speech Discrimination Test
- Most Comfortable Listening Level Test
- Others
By Indications
- Sensorineural Hearing Loss
- Conductive Hearing Loss
- Combination Hearing Loss
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
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
· Hearing Screening And Diagnostic Devices Market, By Indication, Estimates and Forecast, 2014-2023 ($Million)
· Sensorineural Hearing Loss
· Conductive Hearing Loss
· Combination Hearing Loss
· Other Indications
· Hearing Screening And Diagnostic Devices Market, By Test, Estimates and Forecast, 2014-2023 ($Million)
· Tympanometry Test
· Most Comfortable Listening Level Test (MCL)
· Pure Tone Test
· Speech Reception Threshold Test
· Uncomfortable Loudness Level Test (UCL)
· Bone Conduction Test
· Speech Discrimination Test
· Other Tests
· Hearing Screening And Diagnostic Devices Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Hearing Screening And Diagnostic Devices Market, By Country
o U.S. Hearing Screening And Diagnostic Devices Market
o Canada Hearing Screening And Diagnostic Devices Market
o Mexico Hearing Screening And Diagnostic Devices Market
· Europe
§ Europe Hearing Screening And Diagnostic Devices Market, By Country
o Germany Hearing Screening And Diagnostic Devices Market
o UK Hearing Screening And Diagnostic Devices Market
o France Hearing Screening And Diagnostic Devices Market
o Russia Hearing Screening And Diagnostic Devices Market
o Italy Hearing Screening And Diagnostic Devices Market
o Rest of Europe Hearing Screening And Diagnostic Devices Market
· Asia-Pacific
§ Asia-Pacific Hearing Screening And Diagnostic Devices Market, By Country
o China Hearing Screening And Diagnostic Devices Market
o Japan Hearing Screening And Diagnostic Devices Market
o South Korea Hearing Screening And Diagnostic Devices Market
o India Hearing Screening And Diagnostic Devices Market
o Southeast Asia Hearing Screening And Diagnostic Devices Market
o Rest of Asia-Pacific Hearing Screening And Diagnostic Devices Market
· South America
§ South America Hearing Screening And Diagnostic Devices Market
o Brazil Hearing Screening And Diagnostic Devices Market
o Argentina Hearing Screening And Diagnostic Devices Market
o Columbia Hearing Screening And Diagnostic Devices Market
o South Africa Hearing Screening And Diagnostic Devices Market
o Rest of South America Hearing Screening And Diagnostic Devices Market
· Middle East and Africa
§ Middle East and Africa Hearing Screening And Diagnostic Devices Market
o Saudi Arabia Hearing Screening And Diagnostic Devices Market
o UAE Hearing Screening And Diagnostic Devices Market
o Egypt Hearing Screening And Diagnostic Devices Market
o Nigeria Hearing Screening And Diagnostic Devices Market
o South Africa Hearing Screening And Diagnostic Devices Market
o Rest of MEA Hearing Screening And Diagnostic Devices 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. Hearing Screening And Diagnostic Devices Market, By Indication
5.1. Introduction
5.2. Global Hearing Screening And Diagnostic Devices Revenue and Market Share by Indication (2017-2027)
5.2.1. Global Hearing Screening And Diagnostic Devices Revenue and Revenue Share by Indication (2017-2027)
5.3. Sensorineural Hearing Loss
5.3.1. Global Sensorineural Hearing Loss Revenue and Growth Rate (2017-2027)
5.4. Conductive Hearing Loss
5.4.1. Global Conductive Hearing Loss Revenue and Growth Rate (2017-2027)
5.5. Combination Hearing Loss
5.5.1. Global Combination Hearing Loss Revenue and Growth Rate (2017-2027)
5.6. Other Indications
5.6.1. Global Other Indications Revenue and Growth Rate (2017-2027)
6. Hearing Screening And Diagnostic Devices Market, By Test
6.1. Introduction
6.2. Global Hearing Screening And Diagnostic Devices Revenue and Market Share by Test (2017-2027)
6.2.1. Global Hearing Screening And Diagnostic Devices Revenue and Revenue Share by Test (2017-2027)
6.3. Tympanometry Test
6.3.1. Global Tympanometry Test Revenue and Growth Rate (2017-2027)
6.4. Most Comfortable Listening Level Test (MCL)
6.4.1. Global Most Comfortable Listening Level Test (MCL) Revenue and Growth Rate (2017-2027)
6.5. Pure Tone Test
6.5.1. Global Pure Tone Test Revenue and Growth Rate (2017-2027)
6.6. Speech Reception Threshold Test
6.6.1. Global Speech Reception Threshold Test Revenue and Growth Rate (2017-2027)
6.7. Uncomfortable Loudness Level Test (UCL)
6.7.1. Global Uncomfortable Loudness Level Test (UCL) Revenue and Growth Rate (2017-2027)
6.8. Bone Conduction Test
6.8.1. Global Bone Conduction Test Revenue and Growth Rate (2017-2027)
6.9. Speech Discrimination Test
6.9.1. Global Speech Discrimination Test Revenue and Growth Rate (2017-2027)
6.10. Other Tests
6.10.1. Global Other Tests Revenue and Growth Rate (2017-2027)
7. Hearing Screening And Diagnostic Devices Market, By Region
7.1. Introduction
7.2. Global Hearing Screening And Diagnostic Devices Revenue and Market Share by Regions
7.2.1. Global Hearing Screening And Diagnostic Devices Revenue by Regions (2017-2027)
7.3. North America Hearing Screening And Diagnostic Devices by Countries
7.3.1. North America Hearing Screening And Diagnostic Devices Revenue and Growth Rate (2017-2027)
7.3.2. North America Hearing Screening And Diagnostic Devices Revenue by Countries (2017-2027)
7.3.3. North America Hearing Screening And Diagnostic Devices Revenue (Million USD) by Countries (2017-2027)
7.3.4. U.S.
7.3.4.1. United States Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.5. Canada
7.3.5.1. Canada Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Mexico
7.3.6.1. Mexico Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Hearing Screening And Diagnostic Devices by Countries
7.4.1. Europe Hearing Screening And Diagnostic Devices Revenue and Growth Rate (2017-2027)
7.4.2. Europe Hearing Screening And Diagnostic Devices Revenue by Countries (2017-2027)
7.4.3. Europe Hearing Screening And Diagnostic Devices Revenue (Million USD) by Countries (2017-2027)
7.4.4. Germany
7.4.4.1. Germany Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.5. UK
7.4.5.1. UK Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. France
7.4.6.1. France Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. Russia
7.4.7.1. Russia Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Italy
7.4.8.1. Italy Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Rest of Europe
7.4.9.1. Rest of Europe Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Hearing Screening And Diagnostic Devices Revenue and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Hearing Screening And Diagnostic Devices Revenue by Countries (2017-2027)
7.5.3. Asia-Pacific Hearing Screening And Diagnostic Devices Revenue (Million USD) by Countries (2017-2027)
7.5.4. China
7.5.4.1. China Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.5. Japan
7.5.5.1. Japan Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.5.2.
7.5.6. Korea
7.5.6.1. Korea Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.7. India
7.5.7.1. India Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. Southeast Asia
7.5.8.1. Southeast Asia Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Rest of Asia-Pacific
7.5.9.1. Rest of Asia-Pacific Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Hearing Screening And Diagnostic Devices Revenue and Growth Rate (2017-2027)
7.6.2. South America Hearing Screening And Diagnostic Devices Revenue by Countries (2017-2027)
7.6.3. South America Hearing Screening And Diagnostic Devices Revenue (Million USD) by Countries (2017-2027)
7.6.4. Brazil
7.6.4.1. Brazil Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.5. Argentina
7.6.5.1. Argentina Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Columbia
7.6.6.1. Columbia Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Rest of South America
7.6.7.1. Rest of South America Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Hearing Screening And Diagnostic Devices Revenue and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Hearing Screening And Diagnostic Devices Revenue by Countries (2017-2027)
7.7.3. Middle East and Africa Hearing Screening And Diagnostic Devices Revenue (Million USD) by Countries (2017-2027)
7.7.4. Saudi Arabia
7.7.4.1. Saudi Arabia Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.5. United Arab Emirates
7.7.5.1. United Arab Emirates Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. Egypt
7.7.6.1. Egypt Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Nigeria
7.7.7.1. Nigeria Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. South Africa
7.7.8.1. South Africa Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. Rest of Middle East and Africa
7.7.9.1. Rest of Middle East and Africa Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Accent Hearing Pty, Ltd.
8.1.1. Business Overview
8.1.2. Indication Portfolio
8.1.3. Strategic Developments
8.1.4. Revenue and Market Share
8.2. GN Otometrics
8.2.1. Business Overview
8.2.2. Indication Portfolio
8.2.3. Strategic Developments
8.2.4. Revenue and Market Share
8.3. IntriCon Corporation
8.3.1. Business Overview
8.3.2. Indication Portfolio
8.3.3. Strategic Developments
8.3.4. Revenue and Market Share
8.4. Interacoustics A/S
8.4.1. Business Overview
8.4.2. Indication Portfolio
8.4.3. Strategic Developments
8.4.4. Revenue and Market Share
8.5. MAICO Diagnostics GmbH
8.5.1. Business Overview
8.5.2. Indication Portfolio
8.5.3. Strategic Developments
8.5.4. Revenue and Market Share
8.6. Natus Medical Incorporated
8.6.1. Business Overview
8.6.2. Indication Portfolio
8.6.3. Strategic Developments
8.6.4. Revenue and Market Share
8.7. Nashua Hearing Group
8.7.1. Business Overview
8.7.2. Indication Portfolio
8.7.3. Strategic Developments
8.7.4. Revenue and Market Share
8.8. OTODYNAMICS Ltd.
8.8.1. Business Overview
8.8.2. Indication Portfolio
8.8.3. Strategic Developments
8.8.4. Revenue and Market Share
8.9. Neurosoft
8.9.1. Business Overview
8.9.2. Indication Portfolio
8.9.3. Strategic Developments
8.9.4. Revenue and Market Share
8.10. Siemens Healthcare GmbH
8.10.1. Business Overview
8.10.2. Indication Portfolio
8.10.3. Strategic Developments
8.10.4. Revenue and Market Share
9. Global Hearing Screening And Diagnostic Devices Market Competition, by Manufacturer
9.1. Global Hearing Screening And Diagnostic Devices Revenue and Market Share by Manufacturer (2017-2017)
9.2. Global Hearing Screening And Diagnostic Devices Price by Region (2017-2017)
9.3. Top 5 Hearing Screening And Diagnostic Devices Manufacturer Market Share
9.4. Market Competition Trend
10. Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.1. Global Hearing Screening And Diagnostic Devices Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Hearing Screening And Diagnostic Devices Market Forecast by Regions (2027-2023)
10.2.1. North America Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.1.1. United States Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.1.2. Canada Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.1.3. Mexico Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2. Europe Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.1. Germany Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.2. United Kingdom Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.3. France Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.4. Russia Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.5. Italy Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3. Asia-Pacific Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.1. China Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.2. Japan Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.3. Korea Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.4. India Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.4. South America Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.4.1. Brazil Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.4.2. Argentina Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.4.3. Columbia Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.4.4. Rest of South America Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5. Middle East and Africa Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.2. UAE Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.3. Egypt Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.4. Nigeria Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.5. South Africa Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Hearing Screening And Diagnostic Devices Market Forecast (2027-2023)
10.3. Hearing Screening And Diagnostic Devices Market Forecast by Indication (2027-2023)
10.3.1. Global Hearing Screening And Diagnostic Devices Revenue Forecast by Indication (2027-2023)
10.3.2. Global Hearing Screening And Diagnostic Devices Revenue Market Share Forecast by Indication (2027-2023)
10.4. Hearing Screening And Diagnostic Devices Market Forecast by Test (2027-2023)
10.4.1. Global Hearing Screening And Diagnostic Devices Revenue Forecast by Test (2027-2023)
10.4.2. Global Hearing Screening And Diagnostic Devices Revenue Market Share Forecast by Test (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Hearing Screening and Diagnostic Devices 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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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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