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Lactobionic Acid Market By Product And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Advanced Materials Report Code : CM06977
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Lactobionic Acid Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Lactobionic acid is a sugar acid. It is a disaccharide composed from gluconic acid and galactose. It can be made up by the oxidation of lactose. The carboxylate anion of lactobionic acid is called lactobionate. As an acid, it can compose salts with mineral cations, for example, zinc, potassium, calcium and sodium. Calcium lactobionate is also used as a food additive and as a stabilizer. Potassium lactobionate is added to solutions for organ preservation, for example, Viaspan or CoStorSol to counteract cell swelling and provide osmotic support. Mineral salts of lactobionic acid are used for mineral supplementation. Lactobionic acid is likewise used as an antioxidant in the cosmetics sector and in the pharmaceutical business as an excipient for formulation.
Drivers and Restraints
The main driver for the lactobionic acid market is its wide application as a bioactive particularly in drug, huge demand in cosmeceuticals, and expanded requirement for biodegradable products. Lactobionic acid has wide usage in meat and meat products too, which has expanded its requirement in the food business. Being a biodegradable acid it is eco-friendly which has set off its significance in all industries. The main restraint for the market is the high cost of raw material cost and generation cost. Lactobionic acid is derived from lactose, which is not reasonable for mechanical creation because of its high cost. Additionally, the low rate of awareness among users is likewise influencing the market development.
Market Segmentation
The Lactobionic Acid Market is segmented on the basis of product and end user. On the basis of product the market is segmented into Lactobionic Acid Powder and Lactobionic Acid Solution. Based on end user the market is segmented into Food Industry, Pharmaceutics & Biomedicine Industry, Chemical Industry and Cosmetic Industry. It is largely used in the food and cosmetic industry.
Regional Outlook and Trend Analysis
Asia-Pacific and Europe are the largest markets for lactobionic acid trailed by North America. It’s used in the cosmetic industry owing to its benefits as a gentle exfoliator. Moreover, rising awareness of the benefits of the products has brought about surging demand in the region. China is the biggest exporter of lactobionic acid worldwide. The Asia-Pacific market is also growing at a fast rate.
Competitive Insights
The major players in the market are Manus Aktteva Biopharma LLP, Shanghai Hongbang Medical Technology, Reliable Biopharmaceutical, BOC Sciences, China Haohua Chemical Group Co Ltd, Bio-sugars Technology Co Ltd and Carbosynth. 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 Lactobionic Acid Market is segmented as follows-
By Product:
- Lactobionic Acid Powder
- Lactobionic Acid Solution
By End User:
- Cosmetic Industry
- Chemical Industry
- Pharmaceutics & Biomedicine Industry
- Food Industry
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
· Lactobionic Acid Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Lactobionic Acid Solution
· Lactobionic Acid Powder
· Lactobionic Acid Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Pharmaceutics & Biomedicine Industry
· Cosmetic Industry
· Food Industry
· Chemical Industry
· Lactobionic Acid Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Lactobionic Acid Market, By Country
o U.S. Lactobionic Acid Market
o Canada Lactobionic Acid Market
o Mexico Lactobionic Acid Market
· Europe
§ Europe Lactobionic Acid Market, By Country
o Germany Lactobionic Acid Market
o UK Lactobionic Acid Market
o France Lactobionic Acid Market
o Russia Lactobionic Acid Market
o Italy Lactobionic Acid Market
o Rest of Europe Lactobionic Acid Market
· Asia-Pacific
§ Asia-Pacific Lactobionic Acid Market, By Country
o China Lactobionic Acid Market
o Japan Lactobionic Acid Market
o South Korea Lactobionic Acid Market
o India Lactobionic Acid Market
o Southeast Asia Lactobionic Acid Market
o Rest of Asia-Pacific Lactobionic Acid Market
· South America
§ South America Lactobionic Acid Market
o Brazil Lactobionic Acid Market
o Argentina Lactobionic Acid Market
o Columbia Lactobionic Acid Market
o South Africa Lactobionic Acid Market
o Rest of South America Lactobionic Acid Market
· Middle East and Africa
§ Middle East and Africa Lactobionic Acid Market
o Saudi Arabia Lactobionic Acid Market
o UAE Lactobionic Acid Market
o Egypt Lactobionic Acid Market
o Nigeria Lactobionic Acid Market
o South Africa Lactobionic Acid Market
o Rest of MEA Lactobionic Acid Market
Table of Contents
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 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
Chapter 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)
Chapter 5. Lactobionic Acid Market, By Product
5.1. Introduction
5.2. Global Lactobionic Acid Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Lactobionic Acid Sales and Sales Share by Product (2017-2027)
5.2.2. Global Lactobionic Acid Revenue and Revenue Share by Product (2017-2027)
5.3. Lactobionic Acid Solution
5.3.1. Global Lactobionic Acid Solution Sales and Growth Rate (2017-2027)
5.4. Lactobionic Acid Powder
5.4.1. Global Lactobionic Acid Powder Sales and Growth Rate (2017-2027)
Chapter 6. Lactobionic Acid Market, By Application
6.1. Introduction
6.2. Global Lactobionic Acid Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Lactobionic Acid Sales and Sales Share by Application (2017-2027)
6.2.2. Global Lactobionic Acid Revenue and Revenue Share by Application (2017-2027)
6.3. Pharmaceutics & Biomedicine Industry
6.3.1. Global Pharmaceutics & Biomedicine Industry Sales and Growth Rate (2017-2027)
6.4. Cosmetic Industry
6.4.1. Global Cosmetic Industry Sales and Growth Rate (2017-2027)
6.5. Food Industry
6.5.1. Global Food Industry Sales and Growth Rate (2017-2027)
6.6. Chemical Industry
6.6.1. Global Chemical Industry Sales and Growth Rate (2017-2027)
Chapter 7. Lactobionic Acid Market, By Region
7.1. Introduction
7.2. Global Lactobionic Acid Sales, Revenue and Market Share by Regions
7.2.1. Global Lactobionic Acid Sales by Regions (2017-2027)
7.2.2. Global Lactobionic Acid Revenue by Regions (2017-2027)
7.3. North America Lactobionic Acid by Countries
7.3.1. North America Lactobionic Acid Sales and Growth Rate (2017-2027)
7.3.2. North America Lactobionic Acid Revenue and Growth Rate (2017-2027)
7.3.3. North America Lactobionic Acid Sales by Countries (2017-2027)
7.3.4. North America Lactobionic Acid Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Lactobionic Acid Sales and Growth Rate (2017-2027)
7.3.5.2. United States Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Lactobionic Acid Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Lactobionic Acid Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Lactobionic Acid Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Lactobionic Acid by Countries
7.4.1. Europe Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.2. Europe Lactobionic Acid Revenue and Growth Rate (2017-2027)
7.4.3. Europe Lactobionic Acid Sales by Countries (2017-2027)
7.4.4. Europe Lactobionic Acid Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.6.2. UK Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.7.2. France Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Lactobionic Acid Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Lactobionic Acid Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Lactobionic Acid Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Lactobionic Acid Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.5.2. China Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.8.2. India Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Lactobionic Acid Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Lactobionic Acid Sales and Growth Rate (2017-2027)
7.6.2. South America Lactobionic Acid Revenue and Growth Rate (2017-2027)
7.6.3. South America Lactobionic Acid Sales by Countries (2017-2027)
7.6.4. South America Lactobionic Acid Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Lactobionic Acid Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Lactobionic Acid Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Lactobionic Acid Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Lactobionic Acid Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Lactobionic Acid Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Lactobionic Acid Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Lactobionic Acid Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Lactobionic Acid 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 Lactobionic Acid Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Lactobionic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
Chapter 8. Company Profiles
8.1. Reliable Biopharmaceutical
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Sales, Revenue and Market Share
8.1.4. Strategic Developments
8.2. Global Lactobionic Acid
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Sales, Revenue and Market Share
8.2.4. Strategic Developments
8.3. Bio-sugars Technology
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Sales, Revenue and Market Share
8.3.4. Strategic Developments
8.4. BuckyUSA
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Sales, Revenue and Market Share
8.4.4. Strategic Developments
8.5. EMFUTUR Technologies
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Sales, Revenue and Market Share
8.5.4. Strategic Developments
8.6. Io-li-tec
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Sales, Revenue and Market Share
8.6.4. Strategic Developments
8.7. MER Holdings
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Sales, Revenue and Market Share
8.7.4. Strategic Developments
8.8. TDA Research
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Sales, Revenue and Market Share
8.8.4. Strategic Developments
8.9. Tokyo Chemical Industry (TCI)
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Sales, Revenue and Market Share
8.9.4. Strategic Developments
8.10. Limited Liability Scientific and Production Company
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Sales, Revenue and Market Share
8.10.4. Strategic Developments
Chapter 9. Global Lactobionic Acid Market Competition, by Manufacturer
9.1. Global Lactobionic Acid Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Lactobionic Acid Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Lactobionic Acid Price by Manufacturer (2017-2017)
9.4. Top 5 Lactobionic Acid Manufacturer Market Share
9.5. Market Competition Trend
Chapter 10. Lactobionic Acid Market Forecast (2027-2023)
10.1. Global Lactobionic Acid Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Lactobionic Acid Market Forecast by Regions (2027-2023)
10.2.1. North America Lactobionic Acid Market Forecast (2027-2023)
10.2.1.1. United States Lactobionic Acid Market Forecast (2027-2023)
10.2.1.2. Canada Lactobionic Acid Market Forecast (2027-2023)
10.2.1.3. Mexico Lactobionic Acid Market Forecast (2027-2023)
10.2.2. Europe Lactobionic Acid Market Forecast (2027-2023)
10.2.2.1. Germany Lactobionic Acid Market Forecast (2027-2023)
10.2.2.2. United Kingdom Lactobionic Acid Market Forecast (2027-2023)
10.2.2.3. France Lactobionic Acid Market Forecast (2027-2023)
10.2.2.4. Russia Lactobionic Acid Market Forecast (2027-2023)
10.2.2.5. Italy Lactobionic Acid Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Lactobionic Acid Market Forecast (2027-2023)
10.2.3. Asia-Pacific Lactobionic Acid Market Forecast (2027-2023)
10.2.3.1. China Lactobionic Acid Market Forecast (2027-2023)
10.2.3.2. Japan Lactobionic Acid Market Forecast (2027-2023)
10.2.3.3. Korea Lactobionic Acid Market Forecast (2027-2023)
10.2.3.4. India Lactobionic Acid Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Lactobionic Acid Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Lactobionic Acid Market Forecast (2027-2023)
10.2.4. South America Lactobionic Acid Market Forecast (2027-2023)
10.2.4.1. Brazil Lactobionic Acid Market Forecast (2027-2023)
10.2.4.2. Argentina Lactobionic Acid Market Forecast (2027-2023)
10.2.4.3. Columbia Lactobionic Acid Market Forecast (2027-2023)
10.2.4.4. Rest of South America Lactobionic Acid Market Forecast (2027-2023)
10.2.5. Middle East and Africa Lactobionic Acid Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Lactobionic Acid Market Forecast (2027-2023)
10.2.5.2. UAE Lactobionic Acid Market Forecast (2027-2023)
10.2.5.3. Egypt Lactobionic Acid Market Forecast (2027-2023)
10.2.5.4. Nigeria Lactobionic Acid Market Forecast (2027-2023)
10.2.5.5. South Africa Lactobionic Acid Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Lactobionic Acid Market Forecast (2027-2023)
10.3. Lactobionic Acid Market Forecast by Product (2027-2023)
10.3.1. Global Lactobionic Acid Sales Forecast by Product (2027-2023)
10.3.2. Global Lactobionic Acid Sales Market Share Forecast by Product (2027-2023)
10.4. Lactobionic Acid Market Forecast by Application (2027-2023)
10.4.1. Global Lactobionic Acid Sales Forecast by Application (2027-2023)
10.4.2. Global Lactobionic Acid Sales Market Share Forecast by Application (2027-2023)
List of Tables
(*You can glance through the list of Tables and Figures when you view the sample copy of Lactobionic Acid 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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