Leak Test Equipment Market By Component, Equipment Type And End User- Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Communication Services Report Code : IC06954
Industry Outlook and Trend Analysis
The Leak Test Equipment Market has encountered significant development in the recent years and is foreseen to grow tremendously over the forecast period. Leak testing is a procedure used to recognize fabricating defects which checks the integrity of products and enhance the safety of the buyer. For instance, the automotive sector reliably uses leak testing to confirm that get assembly operations were completed appropriately and subcomponents are leak free. The choice of the detection process relies upon which method is ideal for the current framework. When systems incorporate a metallic containment, leaks may happen because of the encasing material becoming corroded. Thusly, spill testing may likewise bring about the identification of a corrosion issue.
Component Outlook and Trend Analysis
Based on components, the worldwide leak test equipment market is bifurcated into software, hardware, and services. The services fragment is anticipated to grow significantly over the forecast period. The calibration sub-fragment of the services portion is foreseen to extend at a critical CAGR amid the estimate time frame. The leak test equipment must be calibrated, as it helps in comprehending the rate of spillage. Moreover, calibration services are exceedingly imperative, as they enable break to test gear to comply with industry standards as well as leak tightness specification.
Equipment Type Outlook and Trend Analysis
The portable equipment type segment is anticipated to hold a higher share of the market, attributable to the increasing demand for portable leak test equipment. The portable leak test equipment can be used for leak detection both, on location, i.e., on the premises of the organization, and over an assortment of remote areas around the world. Various well-established players are observing a rise in demand for the portable type leak test equipment.
End User Outlook and Trend Analysis
An expansive number of automotive manufacturers around the world depend on higher quality leak test equipment to discover defects in the automotive components including engine blocks, brakes, power steering, and emission control. Manufacturing defective products can be expensive, as it brings about expanding warranty claims and imperilling safety of the buyer.
Regional Outlook and Trend Analysis
North America is anticipated to hold a higher share of the leak test equipment market amid the figure time frame. The extension is because of the existence of well-established players over the locale, particularly over the U.S. and Canada. The market in Europe is anticipated to grow at a critical CAGR amid the figure time frame. The extension is credited to the lawful activities taken by the European Union to decrease the overall leakage.
Competitive Insights
The leading players in the market are ATEQ Corp, Inficon, CETA Testsysteme GmbH, LACO Technologies Inc, Uson, InterTech Development Company and Vacuum Instruments 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 Leak Test Equipment Market is segmented as follows-
By Component:
- Hardware
- Software
- Services
By Equipment Type:
- Fixed
- Portable
By End User:
- Automotive & Transportation
- Packaging
- HVAC/R
- Medical & Pharmaceutical
- Industrial
- 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
· Leak Test Equipment Market, By Component, Estimates and Forecast, 2014-2023($Billion)
o Hardware
o Software
o Services
· Leak Test Equipment Market, By Equipment Type, Estimates and Forecast, 2014-2023($Billion)
o Portable
o Fixed
· Leak Test Equipment Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o HVAC/R
o Automotive & Transportation
o Medical & Pharmaceutical
o Packaging
o Industrial
o Other End Users
· Leak Test Equipment Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Leak Test Equipment Market, By Country
o U.S. Leak Test Equipment Market
o Canada Leak Test Equipment Market
o Mexico Leak Test Equipment Market
o Europe
§ Europe Leak Test Equipment Market, By Country
o Germany Leak Test Equipment Market
o UK Leak Test Equipment Market
o France Leak Test Equipment Market
o Russia Leak Test Equipment Market
o Italy Leak Test Equipment Market
o Rest of Europe Leak Test Equipment Market
o Asia-Pacific
§ Asia-Pacific Leak Test Equipment Market, By Country
o China Leak Test Equipment Market
o Japan Leak Test Equipment Market
o South Korea Leak Test Equipment Market
o India Leak Test Equipment Market
o Southeast Asia Leak Test Equipment Market
o Rest of Asia-Pacific Leak Test Equipment Market
o South America
§ South America Leak Test Equipment Market
o Brazil Leak Test Equipment Market
o Argentina Leak Test Equipment Market
o Columbia Leak Test Equipment Market
o South Africa Leak Test Equipment Market
o Rest of South America Leak Test Equipment Market
o Middle East and Africa
§ Middle East and Africa Leak Test Equipment Market
o Saudi Arabia Leak Test Equipment Market
o UAE Leak Test Equipment Market
o Egypt Leak Test Equipment Market
o Nigeria Leak Test Equipment Market
o South Africa Leak Test Equipment Market
o Rest of MEA Leak Test Equipment Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Leak Test Equipment Market, By Component
5.1. Introduction
5.2. Global Leak Test Equipment Sales, Revenue and Market Share by Component (2017-2027)
5.2.1. Global Leak Test Equipment Sales and Sales Share by Component (2017-2027)
5.2.2. Global Leak Test Equipment Revenue and Revenue Share by Component (2017-2027)
5.3. Hardware
5.3.1. Global Hardware Sales and Growth Rate (2017-2027)
5.4. Software
5.4.1. Global Software Sales and Growth Rate (2017-2027)
5.5. Services
5.5.1. Global Services Sales and Growth Rate (2017-2027)
6. Leak Test Equipment Market, By Equipment Type
6.1. Introduction
6.2. Global Leak Test Equipment Sales, Revenue and Market Share by Equipment Type (2017-2027)
6.2.1. Global Leak Test Equipment Sales and Sales Share by Equipment Type (2017-2027)
6.2.2. Global Leak Test Equipment Revenue and Revenue Share by Equipment Type (2017-2027)
6.3. Portable
6.3.1. Global Portable Sales and Growth Rate (2017-2027)
6.4. Fixed
6.4.1. Global Fixed Sales and Growth Rate (2017-2027)
7. Leak Test Equipment Market, By End User
7.1. Introduction
7.2. Global Leak Test Equipment Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global Leak Test Equipment Sales and Sales Share by End User (2017-2027)
7.2.2. Global Leak Test Equipment Revenue and Revenue Share by End User (2017-2027)
7.3. HVAC/R
7.3.1. Global HVAC/R Sales and Growth Rate (2017-2027)
7.4. Automotive & Transportation
7.4.1. Global Automotive & Transportation Sales and Growth Rate (2017-2027)
7.5. Medical & Pharmaceutical
7.5.1. Global Medical & Pharmaceutical Sales and Growth Rate (2017-2027)
7.6. Packaging
7.6.1. Global Packaging Sales and Growth Rate (2017-2027)
7.7. Industrial
7.7.1. Global Industrial Sales and Growth Rate (2017-2027)
7.8. Other End Users
7.8.1. Global Other End Users Sales and Growth Rate (2017-2027)
8. Leak Test Equipment Market, By Region
8.1. Introduction
8.2. Global Leak Test Equipment Sales, Revenue and Market Share by Regions
8.2.1. Global Leak Test Equipment Sales by Regions (2017-2027)
8.2.2. Global Leak Test Equipment Revenue by Regions (2017-2027)
8.3. North America Leak Test Equipment by Countries
8.3.1. North America Leak Test Equipment Sales and Growth Rate (2017-2027)
8.3.2. North America Leak Test Equipment Revenue and Growth Rate (2017-2027)
8.3.3. North America Leak Test Equipment Sales by Countries (2017-2027)
8.3.4. North America Leak Test Equipment Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Leak Test Equipment Sales and Growth Rate (2017-2027)
8.3.5.2. United States Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Leak Test Equipment Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Leak Test Equipment Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Leak Test Equipment Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Leak Test Equipment by Countries
8.4.1. Europe Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.2. Europe Leak Test Equipment Revenue and Growth Rate (2017-2027)
8.4.3. Europe Leak Test Equipment Sales by Countries (2017-2027)
8.4.4. Europe Leak Test Equipment Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.6.2. UK Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.7.2. France Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Leak Test Equipment Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Leak Test Equipment Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Leak Test Equipment Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Leak Test Equipment Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.5.2. China Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.8.2. India Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Leak Test Equipment Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Leak Test Equipment Sales and Growth Rate (2017-2027)
8.6.2. South America Leak Test Equipment Revenue and Growth Rate (2017-2027)
8.6.3. South America Leak Test Equipment Sales by Countries (2017-2027)
8.6.4. South America Leak Test Equipment Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Leak Test Equipment Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Leak Test Equipment Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Leak Test Equipment Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Leak Test Equipment Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Leak Test Equipment Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Leak Test Equipment Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Leak Test Equipment Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Leak Test Equipment Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Leak Test Equipment Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Uson, L.P.
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Vacuum Instruments Corporation, LLC
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. CETA TESTSYSTEME GmbH
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. ATEQ Corp.
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. InterTech Development Company
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. LACO Technologies
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. TASI Group
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. COSMO INSTRUMENTS CO., LTD.
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Pfeiffer Vacuum GmbH
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. INFICON
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Leak Test Equipment Market Competition, by Manufacturer
10.1. Global Leak Test Equipment Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Leak Test Equipment Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Leak Test Equipment Price by Manufacturer (2017-2017)
10.4. Top 5 Leak Test Equipment Manufacturer Market Share
10.5. Market Competition Trend
11. Leak Test Equipment Market Forecast (2027-2023)
11.1. Global Leak Test Equipment Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Leak Test Equipment Market Forecast by Regions (2027-2023)
11.2.1. North America Leak Test Equipment Market Forecast (2027-2023)
11.2.1.1. United States Leak Test Equipment Market Forecast (2027-2023)
11.2.1.2. Canada Leak Test Equipment Market Forecast (2027-2023)
11.2.1.3. Mexico Leak Test Equipment Market Forecast (2027-2023)
11.2.2. Europe Leak Test Equipment Market Forecast (2027-2023)
11.2.2.1. Germany Leak Test Equipment Market Forecast (2027-2023)
11.2.2.2. United Kingdom Leak Test Equipment Market Forecast (2027-2023)
11.2.2.3. France Leak Test Equipment Market Forecast (2027-2023)
11.2.2.4. Russia Leak Test Equipment Market Forecast (2027-2023)
11.2.2.5. Italy Leak Test Equipment Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Leak Test Equipment Market Forecast (2027-2023)
11.2.3. Asia-Pacific Leak Test Equipment Market Forecast (2027-2023)
11.2.3.1. China Leak Test Equipment Market Forecast (2027-2023)
11.2.3.2. Japan Leak Test Equipment Market Forecast (2027-2023)
11.2.3.3. Korea Leak Test Equipment Market Forecast (2027-2023)
11.2.3.4. India Leak Test Equipment Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Leak Test Equipment Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Leak Test Equipment Market Forecast (2027-2023)
11.2.4. South America Leak Test Equipment Market Forecast (2027-2023)
11.2.4.1. Brazil Leak Test Equipment Market Forecast (2027-2023)
11.2.4.2. Argentina Leak Test Equipment Market Forecast (2027-2023)
11.2.4.3. Columbia Leak Test Equipment Market Forecast (2027-2023)
11.2.4.4. Rest of South America Leak Test Equipment Market Forecast (2027-2023)
11.2.5. Middle East and Africa Leak Test Equipment Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Leak Test Equipment Market Forecast (2027-2023)
11.2.5.2. UAE Leak Test Equipment Market Forecast (2027-2023)
11.2.5.3. Egypt Leak Test Equipment Market Forecast (2027-2023)
11.2.5.4. Nigeria Leak Test Equipment Market Forecast (2027-2023)
11.2.5.5. South Africa Leak Test Equipment Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Leak Test Equipment Market Forecast (2027-2023)
11.3. Leak Test Equipment Market Forecast by Component (2027-2023)
11.3.1. Global Leak Test Equipment Sales Forecast by Component (2027-2023)
11.3.2. Global Leak Test Equipment Sales Market Share Forecast by Component (2027-2023)
11.4. Leak Test Equipment Market Forecast by Equipment Type (2027-2023)
11.4.1. Global Leak Test Equipment Sales Forecast by Equipment Type (2027-2023)
11.4.2. Global Leak Test Equipment Sales Market Share Forecast by Equipment Type (2027-2023)
11.5. Leak Test Equipment Market Forecast by End User (2027-2023)
11.5.1. Global Leak Test Equipment Sales Forecast by End User (2027-2023)
11.5.2. Global Leak Test Equipment Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Leak Test Equipment 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 |
|
|
|
Secondary Data Sources |
|
|
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
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|