Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market by NF3 Application and F2 Application - Global Industry Analysis and Forecast To 2023
Published On : February 2018 Pages : 85 Category: Bulk Chemicals Report Code : CM02603
Industry Outlook and Trend Analysis
The Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market is expected to garner maximum market share by 2023, while registering itself at a considerable compound annual growth rate (CAGR) during the forecast period. Nitrogen trifluoride (NF3) is a mixture that is inorganic and has non-flammable, toxic, odorless properties. NF3 is produced by the response of ammonia (NH3) and hydrochloric acid (HCL) and basically utilized as a part of the cleaning of silicon wafers in solar energy and semiconductor applications. Fluorine gas (F2) is composed either from fluorapatite or fluorite (fluorspar), utilized as a part of switchgears, uranium enhancement, and electronic cleaning applications. Fluorine as uranium sulfur hexafluoride (SF6) and hexafluoride (UF6) are utilized for uranium advancement and as a dielectric medium for gas protected switchgears, individually. Nuclear advancement empowers uranium for additionally preparing in power generation and different applications. Expanding uranium creation is anticipated to support the interest for UF6 in the nuclear power generation driving development in the F2 market. NF3 is considered set up of other cleaning operators, for example, hexafluoroethane, sulfur hexafluoride and per fluorocarbons because of its ecological viability. Expanding generation of solar power is foreseen to help the NF3 market interest for thin film solar cells. Additionally, NF3 is utilized as a part of plasma preparing for manufacturing the coordinated circuits of laptops, televisions and tablets. It mostly cleans the silicon wafers at Plasma Enhanced Chemical Vapor Deposition (PECVD) in Liquid Crystal Displays (LCDs). NF3's fluorine content is utilized for cleaning the silicon-based debasements in the chamber. Consequently, expanding interest of LCD TVs is anticipated to support NF3 market interest for use in TVs. Nonetheless, the Kyoto Protocol has perceived NF3 as the second most GWP gas after SF6 and included it in the rundown for second duty period from 2017. The implementation of Kyoto Protocol by the United States also, European nations are relied upon to confine NF3 showcase interest for various applications in the area. Furthermore, being extensively receptive and harmful to individuals in the event of immediate and prolonged exposure that can be a noteworthy inhibition for the F2 market.
Application Outlook and Trend Analysis
NF3 is significantly utilized in the production of solar cells, semiconductor chips and flat panel displays, while, F2 is utilized as a part of electronic cleaning, uranium enrichment, and sulfur hexafluoride. In 2017 Semiconductor chip was the biggest application fragment for the NF3 market and represented 45.9 percent of aggregate request. It is fundamentally used to clean production chamber of silicon chips the semiconductor business. It is likewise utilized as a part of the cleaning of Plasma Enhanced Chemical Vapor Deposition (PECVD) chambers for the assembling of vast volumes of flat panel displays in camcorders, digital cameras, laptops, point-and-shoot cameras, pocket camcorders. Furthermore, NF3 market applications additionally incorporate cleaning of silicon wafers in plasma upgraded concoction vapor statement (PECVD) for the creation of thin-film sunlight based cells or thin film photovoltaic cells. In 2017 Uranium enhancement was the biggest application for the F2 market. F2 is utilized as a part of the type of uranium hexafluoride (UF6) for nuclear enhancement of uranium trioxide (U3O8). Sulfur hexafluoride (SF6) is significantly utilized as a dielectric medium in electronic applications. Alternate employments of SF6 incorporate differentiation operator for ultrasound imaging, tracer compound and packaging medium for the magnesium generation. F2 is utilized as a part of the cleaning of PECVD fabricating chamber for the generation of semiconductors. It is fundamentally utilized for cleaning silicon wafers introduce in the silicon-based semiconductors.
Regional Outlook and Trend Analysis
Asia Pacific was the biggest local NF3 market and also F2 market with 43.5 percent and 45.4 percent of the aggregate demand separately. The development of semiconductor industry in Japan, South Korea and China is anticipated to increase drive NF3 market demand in the generation of semiconductors. Requirement is foreseen to be additionally increased attributable to expanding interest for flat panel displays in developing markets, for example, India and China. The expansion in atomic influence age in Australia, China and India is anticipated to help the F2 market development for uranium advancement over the estimate time frame.
Competitive Insights
The leading companies in the market are DSK Hyosung, Ulsan Chemical Company Limited, OCI Materials Co, Formosa Plastics, Mitsui Chemicals Inc, Central Glass Co Ltd, KANTO DENKA KOGYO CO LTD, Navin Fluorine industries and FOOSUNG CO. LTD.
The global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) is segmented as follows-
By NF3 Application
- Flat Panel Displays
- Semiconductor Chips
- Solar Cells
By F2 Application
- Sulfur Hexafluoride
- Uranium Enrichment
- Electronic Cleaning
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
- Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application, Estimates and Forecast, 2014-2023 ($Million)
- Semiconductor Chips
- Flat Panel Displays
- Solar Cells
- Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application, Estimates and Forecast, 2014-2023 ($Million)
- Uranium Enrichment
- Sulfur Hexafluoride
- Electronic Cleaning
- Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
- North America
- North America Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Country
- North America Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- North America Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- U.S. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- U.S. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Canada Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Canada Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Mexico Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Mexico Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
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- Europe
- Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Country
- Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Germany Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Germany Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- France Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- France Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- UK Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- UK Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Italy Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Italy Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Spain Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Spain Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Rest of Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Rest of Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
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- Asia-Pacific
- Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Country
- Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Japan Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Japan Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Australia Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Australia Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- India Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- India Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- South Korea Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- South Korea Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Rest of Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Rest of Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Asia-Pacific
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- Rest of the World
- Rest of the World Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Country
- Rest of the World Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Rest of the World Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Brazil Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Brazil Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- South Africa Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- South Africa Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Saudi Arabia Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Saudi Arabia Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Turkey Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Turkey Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- United Arab Emirates Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- United Arab Emirates Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Others Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
- Others Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
- Rest of the World
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 demand of LCD television
3.2.1.2. Growth in uranium production
3.2.1.3. Increasing solar power generation
3.2.2. Restraints
3.2.2.1. Hazardous effects of NF3 and F2
4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By NF3 Application
4.1. Introduction
4.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share By NF3 Application (2017-2017)
4.2.1. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Sales Share By NF3 Application (2017-2017)
4.2.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Revenue and Revenue Share By NF3 Application (2017-2017)
4.3. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market Assessment and Forecast, By NF3 Application, 2017-2023
4.4. Semiconductor Chips
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. Flat Panel Displays
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. Solar Cells
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By F2 Application
5.1. Introduction
5.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share By F2 Application (2017-2017)
5.2.1. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Sales Share By F2 Application (2017-2017)
5.2.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Revenue and Revenue Share By F2 Application (2017-2017)
5.3. The Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market Assessment and Forecast, By F2 Application, 2017-2023
5.4. Uranium Enrichment
5.4.1.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Sulfur Hexafluoride
5.5.1.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.6. Electronic Cleaning
5.6.1.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market, By Region
6.1. Introduction
6.2. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share by Regions
6.3.1. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales by Regions (2017-2017)
6.3.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Revenue by Regions (2017-2017)
6.4. North America
6.4.1. North America Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Growth Rate (2017-2017)
6.4.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.4.3. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.4.4. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.4.5.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.4.6.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.4.7.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5. Europe
6.5.1. Europe Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Growth Rate (2017-2017)
6.5.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.5.3. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.4. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.5.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.6.2. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.7.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.8.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.9.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.5.10.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Growth Rate (2017-2017)
6.6.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.6.3. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.4. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.5.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.6.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.7.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.8.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.9.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.6.10.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7. Rest of the World
6.7.1. Rest of the World Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Growth Rate (2017-2017)
6.7.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.7.3. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.4. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.5.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.6.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.7.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.8.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.9.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By NF3 Application, 2017-2023 ($Million)
6.7.10.2. Market Assessment and Forecast, By F2 Application, 2017-2023 ($Million)
7. Company Profiles
7.1. Hyosung Corp
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.2. Mitsui Chemicals
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.3. Foosung Co
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.4. Linde AG
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.5. OCI Materials
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.6. American Gas Group
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.7. Matheson
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.7.5. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
7.8. Central Glass Co
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales, Revenue and Market Share
8. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Market Competition, by Manufacturer
8.1. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) Manufacturer Market Share
8.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Nitrogen Trifluoride (NF3) & Fluorine Gas (F2) 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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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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