Knowledge Process Outsourcing Market By Service And Application - Global Industry Analysis And Forecast To 2023

Published On : May 2022 Pages : 90 Category: Electrical Systems & Components Report Code : SE05738

The Knowledge Process Outsourcing (KPO) Market was worth USD 18.85 billion in 2017 and is expected to reach approximately USD 122.59 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 23.13% during the forecast period. The expanding requirement for higher flexibility in Service Level Agreements (SLAs) and simplicity in change administration hones alongside cost slicing is expected to help the development of KPO industry. Outsourcing critical processes engaged with their system empowers ventures to spare a lot of time and money. The rising interest for proficient administrations, for example, managed services, research, training, and upkeep is further instrumental in quickening the business development.

Service Outlook and Trend Analysis

Legal process outsourcing is evaluated to rise as the quickest developing administration fragment in the market, attributable to the effectiveness of administrations gave and lessening in cost. The section is anticipated to develop significantly in the following years. Legal functions that are typically outsourced incorporate legitimate analytics, litigation management, and contract management.

Application Outlook and Trend Analysis

The selection of knowledge process outsourcing services in IT and telecom division is picking up footing. The portion is ventured to develop significantly throughout the following years. Inferable from broad database in the IT and Telecom area that is divided and expanding over some stretch of time is anticipated to quicken the market development over the conjecture time frame.

Regional Outlook and Trend Analysis

The Asia Pacific locale was esteemed at USD 22.23 billion in the year 2017 that ruled the market with a most extreme number of KPO firms and consultancies in the district. This can be ascribed to the fast off-shoring of critical procedures and expert administrations. The expanding existence of skilled experts, for example, architects, engineers, attorneys in rising economies, for example, China, India and Philippines, is driving the market development.

Competitive Insights

The leading players in the market are Moody's Investors Service, HCL Technologies, Accenture, Mphasis, Wipro, EXL Service Hadapsar, McKinsey & Company and Genpact. 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 Knowledge Process Outsourcing (KPO) Market is segmented as follows-

By Service:

  • Engineering & Design
  • Legal Process Outsourcing
  • Research & Development Outsourcing
  • Analytics & Market Research
    • Operations & Supply Chain Analytics
    • Customer & Marketing Analytics
    • Competitive Intelligence & Industry Analysis

By Application:

  • Healthcare
  • Manufacturing
  • Retail
  • BFSI
  • IT & Telecom
  • Pharmaceutical
  • 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

·         Knowledge Process Outsourcing Market, By Service, Estimates and Forecast, 2014-2023 ($Million)

·         Analytics & Market Research Engineering & Design

o    Customer & Marketing Analytics

o    Operations & Supply Chain Analytics

o    Competitive Intelligence & Industry Analysis

·         Financial Process Outsourcing

·         Legal Process Outsourcing

·         Publishing Outsourcing

·         Research & Development Outsourcing

·         Other Services

·         Knowledge Process Outsourcing Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         BFSI

·         Healthcare

·         IT & Telecom

·         Manufacturing

·         Pharmaceutical

·         Retail

·         Other Applications

·         Knowledge Process Outsourcing Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Knowledge Process Outsourcing Market, By Country

o    U.S. Knowledge Process Outsourcing Market

o    Canada Knowledge Process Outsourcing Market

o    Mexico Knowledge Process Outsourcing Market

·         Europe

§  Europe Knowledge Process Outsourcing Market, By Country

o    Germany Knowledge Process Outsourcing Market

o    UK Knowledge Process Outsourcing Market

o    France Knowledge Process Outsourcing Market

o    Russia Knowledge Process Outsourcing Market

o    Italy Knowledge Process Outsourcing Market

o    Rest of Europe Knowledge Process Outsourcing Market

·         Asia-Pacific

§  Asia-Pacific Knowledge Process Outsourcing Market, By Country

o    China Knowledge Process Outsourcing Market

o    Japan Knowledge Process Outsourcing Market

o    South Korea Knowledge Process Outsourcing Market

o    India Knowledge Process Outsourcing Market

o    Southeast Asia Knowledge Process Outsourcing Market

o    Rest of Asia-Pacific Knowledge Process Outsourcing Market

·         South America

§  South America Knowledge Process Outsourcing Market

o    Brazil Knowledge Process Outsourcing Market

o    Argentina Knowledge Process Outsourcing Market

o    Columbia Knowledge Process Outsourcing Market

o    South Africa Knowledge Process Outsourcing Market

o    Rest of South America Knowledge Process Outsourcing Market

·         Middle East and Africa

§  Middle East and Africa Knowledge Process Outsourcing Market

o    Saudi Arabia Knowledge Process Outsourcing Market

o    UAE Knowledge Process Outsourcing Market

o    Egypt Knowledge Process Outsourcing Market

o    Nigeria Knowledge Process Outsourcing Market

o    South Africa Knowledge Process Outsourcing Market

o    Rest of MEA Knowledge Process Outsourcing Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increasing Need for Higher Flexibility and Lower Costs

3.2.1.2.    Augmenting Demand for Professional Services

3.2.2.  Restraints

3.2.2.1.    Stringent Legal Compliance Obligations

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.       Knowledge Process Outsourcing Market, By Service

5.1.       Introduction

5.2.       Global Knowledge Process Outsourcing Revenue and Market Share By Service  (2017-2027)

5.2.1.  Global Knowledge Process Outsourcing Revenue and Revenue Share By Service  (2017-2027)

5.3.       Analytics & Market Research Engineering & Design  

5.3.1.  Global Analytics & Market Research Engineering & Design Revenue and Growth Rate (2017-2027)

5.4.       Financial Process Outsourcing  

5.4.1.  Global Financial Process Outsourcing Revenue and Growth Rate (2017-2027)

5.5.       Legal Process Outsourcing   

5.5.1.  Global Legal Process Outsourcing Revenue and Growth Rate (2017-2027)

5.6.       Publishing Outsourcing  

5.6.1.  Global Publishing Outsourcing Revenue and Growth Rate (2017-2027)

5.7.       Research & Development Outsourcing 

5.7.1.  Global Research & Development Outsourcing Revenue and Growth Rate (2017-2027)

5.8.       Other Services

5.8.1.  Global Other Services Revenue and Growth Rate (2017-2027)

6.       Knowledge Process Outsourcing Market, By Application

6.1.       Introduction

6.2.       Global Knowledge Process Outsourcing Revenue and Market Share by Application  (2017-2027)

6.2.1.  Global Knowledge Process Outsourcing Revenue and Revenue Share by Application  (2017-2027)

6.3.       BFSI

6.3.1.  Global BFSI Revenue and Growth Rate (2017-2027)

6.4.       Telecom/IT

6.4.1.  Global Telecom/IT Revenue and Growth Rate (2017-2027)

6.5.       Healthcare

6.5.1.  Global Healthcare Revenue and Growth Rate (2017-2027)

6.6.       Retail

6.6.1.  Global Retail Revenue and Growth Rate (2017-2027)

6.7.       Manufacturing

6.7.1.  Global Manufacturing Revenue and Growth Rate (2017-2027)

6.8.       Pharmaceutical

6.8.1.  Global Pharmaceutical Revenue and Growth Rate (2017-2027)

6.9.       Other Applications

6.9.1.  Global Other Applications Revenue and Growth Rate (2017-2027)

7.       Knowledge Process Outsourcing Market, By Region

7.1.       Introduction

7.2.       Global Knowledge Process Outsourcing Revenue and Market Share by Regions

7.2.1.  Global Knowledge Process Outsourcing Revenue by Regions (2017-2027)

7.3.       North America Knowledge Process Outsourcing by Countries

7.3.1.  North America Knowledge Process Outsourcing Revenue and Growth Rate (2017-2027)

7.3.2.  North America Knowledge Process Outsourcing Revenue by Countries (2017-2027)

7.3.3.  North America Knowledge Process Outsourcing Revenue (Million USD) by Countries (2017-2027)

7.3.4.  U.S.

7.3.4.1.    United States Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.5.  Canada

7.3.5.1.    Canada Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Mexico

7.3.6.1.    Mexico Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Knowledge Process Outsourcing by Countries

7.4.1.  Europe Knowledge Process Outsourcing Revenue and Growth Rate (2017-2027)

7.4.2.  Europe Knowledge Process Outsourcing Revenue by Countries (2017-2027)

7.4.3.  Europe Knowledge Process Outsourcing Revenue (Million USD) by Countries (2017-2027)

7.4.4.  Germany

7.4.4.1.    Germany Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.5.  UK

7.4.5.1.    UK Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  France

7.4.6.1.    France Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  Russia

7.4.7.1.    Russia Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Italy

7.4.8.1.    Italy Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Rest of Europe

7.4.9.1.    Rest of Europe Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Knowledge Process Outsourcing Revenue and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Knowledge Process Outsourcing Revenue by Countries (2017-2027)

7.5.3.  Asia-Pacific Knowledge Process Outsourcing Revenue (Million USD) by Countries (2017-2027)

7.5.4.  China

7.5.4.1.    China Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.5.  Japan

7.5.5.1.    Japan Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.5.2.     

7.5.6.  Korea

7.5.6.1.    Korea Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.7.  India

7.5.7.1.    India Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  Southeast Asia

7.5.8.1.    Southeast Asia Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Rest of Asia-Pacific

7.5.9.1.    Rest of Asia-Pacific Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Knowledge Process Outsourcing Revenue and Growth Rate (2017-2027)

7.6.2.  South America Knowledge Process Outsourcing Revenue by Countries (2017-2027)

7.6.3.  South America Knowledge Process Outsourcing Revenue (Million USD) by Countries (2017-2027)

7.6.4.  Brazil

7.6.4.1.    Brazil Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.5.  Argentina

7.6.5.1.    Argentina Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Columbia

7.6.6.1.    Columbia Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Rest of South America

7.6.7.1.    Rest of South America Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Knowledge Process Outsourcing Revenue and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Knowledge Process Outsourcing Revenue by Countries (2017-2027)

7.7.3.  Middle East and Africa Knowledge Process Outsourcing Revenue (Million USD) by Countries (2017-2027)

7.7.4.  Saudi Arabia

7.7.4.1.    Saudi Arabia Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.5.  United Arab Emirates

7.7.5.1.    United Arab Emirates Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  Egypt

7.7.6.1.    Egypt Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Nigeria

7.7.7.1.    Nigeria Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  South Africa

7.7.8.1.    South Africa Knowledge Process Outsourcing 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 Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       Accenture plc

8.1.1.  Business Overview

8.1.2.  Service Portfolio

8.1.3.  Strategic Developments

8.1.4.  Revenue and Market Share

8.2.       Genpact Limited

8.2.1.  Business Overview

8.2.2.  Service Portfolio

8.2.3.  Strategic Developments

8.2.4.  Revenue and Market Share

8.3.       HCL Technologies Ltd.

8.3.1.  Business Overview

8.3.2.  Service Portfolio

8.3.3.  Strategic Developments

8.3.4.  Revenue and Market Share

8.4.       ExlService Holdings, Inc.

8.4.1.  Business Overview

8.4.2.  Service Portfolio

8.4.3.  Strategic Developments

8.4.4.  Revenue and Market Share

8.5.       McKinsey & Company

8.5.1.  Business Overview

8.5.2.  Service Portfolio

8.5.3.  Strategic Developments

8.5.4.  Revenue and Market Share

8.6.       Moody’s Corporation

8.6.1.  Business Overview

8.6.2.  Service Portfolio

8.6.3.  Strategic Developments

8.6.4.  Revenue and Market Share

8.7.       Mphasis

8.7.1.  Business Overview

8.7.2.  Service Portfolio

8.7.3.  Strategic Developments

8.7.4.  Revenue and Market Share

8.8.       Pangea3 (Thomson Reuters Corp.)

8.8.1.  Business Overview

8.8.2.  Service Portfolio

8.8.3.  Strategic Developments

8.8.4.  Revenue and Market Share

8.9.       R.R. Donnelly & Sons Company

8.9.1.  Business Overview

8.9.2.  Service Portfolio

8.9.3.  Strategic Developments

8.9.4.  Revenue and Market Share

8.10.    Wipro Limited

8.10.1.      Business Overview

8.10.2.      Service Portfolio

8.10.3.      Strategic Developments

8.10.4.      Revenue and Market Share

9.       Global Knowledge Process Outsourcing Market Competition, by Manufacturer

9.1.       Global Knowledge Process Outsourcing Revenue and Market Share by Manufacturer (2017-2017)

9.2.       Global Knowledge Process Outsourcing Price by Region (2017-2017)

9.3.       Top 5 Knowledge Process Outsourcing Manufacturer Market Share

9.4.       Market Competition Trend

10.    Knowledge Process Outsourcing Market Forecast (2027-2023)

10.1.    Global Knowledge Process Outsourcing Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Knowledge Process Outsourcing Market Forecast by Regions (2027-2023)

10.2.1.      North America Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.1.1. United States Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.1.2. Canada Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.1.3. Mexico Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.      Europe Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.1. Germany Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.2. United Kingdom Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.3. France Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.4. Russia Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.5. Italy Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.1. China Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.2. Japan Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.3. Korea Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.4. India Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.4.      South America Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.4.1. Brazil Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.4.2. Argentina Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.4.3. Columbia Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.4.4. Rest of South America Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.2. UAE Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.3. Egypt Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.4. Nigeria Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.5. South Africa Knowledge Process Outsourcing Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Knowledge Process Outsourcing Market Forecast (2027-2023)

10.3.    Knowledge Process Outsourcing Market Forecast By Service  (2027-2023)

10.3.1.      Global Knowledge Process Outsourcing Revenue Forecast By Service  (2027-2023)

10.3.2.      Global Knowledge Process Outsourcing Revenue Market Share Forecast By Service  (2027-2023)

10.4.    Knowledge Process Outsourcing Market Forecast by Application  (2027-2023)

10.4.1.      Global Knowledge Process Outsourcing Revenue Forecast by Application  (2027-2023)

10.4.2.      Global Knowledge Process Outsourcing Revenue 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 Knowledge Process Outsourcing Market.


Research Methodology

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

Data Mining

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

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

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

Secondary Data Sources

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

 

Market Modeling and Forecasting

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

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

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

Data Validation

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

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

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

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