Nurse Call System Market By Technology And End User - Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 90 Category: Medical Devices Report Code : HC05725
Industry Outlook and Trend Analysis
The Nurse Call System Market was worth a significant in 2017 and is expected to garner lucrative market share by the end of 2023, while registering itself at a considerable compound annual growth rate (CAGR) during the forecast period. Nurse call systems can be characterized as electrically functioning equipment which empowers the patient to summon a nurse from a bedside station or a duty station. Nurse call system provides significant quality and productivity of nursing services in establishments, which use moderately new and unpractised nurses. Additionally, the nurse call system is thought to be vital in rendering quality health care services benefits by consequently managing the nursing tasks and activities. The critical increment in the requirement for responsive and efficient health care communication, expanding budget allocation for health care of elderly populace, and developing patient populace, among others are expected to add to the development of the market amid the estimate time frame.
Type of Equipment Outlook and Trend Analysis
In 2017, the IP-based nurse call systems segment fragment represented most extreme demand, attributable to its flexible nature of being installed in stages. Furthermore, the developing interest for implementation of these frameworks would help the market development. For example, in August 2017, Azure Healthcare Ltd., got a US $1.1 million purchase order from a doctor's facility in North America for the supply of Internet protocol (IP) based 'Tacera' nurture call system.
Technology Outlook and Trend Analysis
Wired communication equipment held most of the share of the overall industry, relating to the large presence of internet protocol (IP) based systems in the market. The most recent technology offers an online interface and conveniently accessible reporting systems, dissimilar to the older forms. More hospitals and care providing facilities are embracing incorporated IT and communication solutions. Wireless communication is anticipated to be the quickest developing section of the market amid the figure time frame, attributable to the portable systems, integration with other devices, and integration with other devices.
End User Outlook and Trend Analysis
Hospitals and clinics held the majority of the market share in 2017. Increasing number of patients and rising urgency of medical care combined leads to nurse fatigue. Hence hospitals and medical care centres are progressively implementing nurse call systems. The assisted living facility is anticipated to be the fastest developing segment over the forecast period, owing to the rising number of senior care services and old age homes.
Regional Outlook and Trend Analysis
North America commanded the market on the basis of income share in 2017. The increasing population in the area has expanded the interest for personal emergency response innovations. These equipment are frequently used in acute care facilities and assisted living, long term care, and home care and help lessen the staff response time. In the United States, a council was conducted by the American Association of Colleges of Nursing, the American Nurses Association, the American Organization of Nurse Executives and the National League for Nursing to hoist the nursing health changes. Government activities to fuse health technologies in nursing instruction are anticipated to add to the development of this industry.
Competitive Insights
The leading players in the market are Azure Healthcare Limited, Ascom Holding AG, Honeywell International Inc, Tyco SimplexGrinnell, Vigil Health Solutions Inc, Rauland-Borg Corporation, Cornell Communications, Critical Alert Systems LLC, Hill-Rom Holdings Inc and Jeron Electronic Systems Inc. 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 Nurse Call Systems market is segmented as follows-
By Technology:
- Wireless Communication
- Wired Communication
By Type of Equipment:
- Nurse Call Intercoms
- Basic Audio/ Visual Nurse Call Systems
- Digital Nurse Call Systems
- IP based Nurse Call Systems
- Nurse Call Mobile Systems
By End User:
- Hospitals
- Assisted Living Centres
- Nursing Homes
- Clinics
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
· Nurse Call System Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
· Wired Communication Equipment
· Wireless Communication Equipment
· Nurse Call System Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Hospitals and Clinics
· Outpatient Departments (OPDs)
· Assisted Living Centers
· Ambulatory Care Services
· Skilled Nursing Facilities (SNFs)
· Nurse Call System Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Nurse Call System Market, By Country
o U.S. Nurse Call System Market
o Canada Nurse Call System Market
o Mexico Nurse Call System Market
· Europe
§ Europe Nurse Call System Market, By Country
o Germany Nurse Call System Market
o UK Nurse Call System Market
o France Nurse Call System Market
o Russia Nurse Call System Market
o Italy Nurse Call System Market
o Rest of Europe Nurse Call System Market
· Asia-Pacific
§ Asia-Pacific Nurse Call System Market, By Country
o China Nurse Call System Market
o Japan Nurse Call System Market
o South Korea Nurse Call System Market
o India Nurse Call System Market
o Southeast Asia Nurse Call System Market
o Rest of Asia-Pacific Nurse Call System Market
· South America
§ South America Nurse Call System Market
o Brazil Nurse Call System Market
o Argentina Nurse Call System Market
o Columbia Nurse Call System Market
o South Africa Nurse Call System Market
o Rest of South America Nurse Call System Market
· Middle East and Africa
§ Middle East and Africa Nurse Call System Market
o Saudi Arabia Nurse Call System Market
o UAE Nurse Call System Market
o Egypt Nurse Call System Market
o Nigeria Nurse Call System Market
o South Africa Nurse Call System Market
o Rest of MEA Nurse Call System 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. Aging Population and Rising Prevalence of Chronic Diseases
3.2.1.2. Investments in Healthcare
3.2.2. Restraints
3.2.2.1. Stringent Regulatory Environment
3.2.2.2. High Costs Involved in the Implementation of Nurse Call Systems
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. Nurse Call System Market, By Technology
5.1. Introduction
5.2. Global Nurse Call System Sales, Revenue and Market Share by Technology (2017-2027)
5.2.1. Global Nurse Call System Sales and Sales Share by Technology (2017-2027)
5.2.2. Global Nurse Call System Revenue and Revenue Share by Technology (2017-2027)
5.3. Wired Communication Equipment
5.3.1. Global Wired Communication Equipment Sales and Growth Rate (2017-2027)
5.4. Wireless Communication Equipment
5.4.1. Global Wireless Communication Equipment Sales and Growth Rate (2017-2027)
6. Nurse Call System Market, By End User
6.1. Introduction
6.2. Global Nurse Call System Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Nurse Call System Sales and Sales Share by End User (2017-2027)
6.2.2. Global Nurse Call System Revenue and Revenue Share by End User (2017-2027)
6.3. Hospitals and Clinics
6.3.1. Global Hospitals and Clinics Sales and Growth Rate (2017-2027)
6.4. Outpatient Departments (OPDs)
6.4.1. Global Outpatient Departments (OPDs) Sales and Growth Rate (2017-2027)
6.5. Assisted Living Centers
6.5.1. Global Assisted Living Centers Sales and Growth Rate (2017-2027)
6.6. Ambulatory Care Services
6.6.1. Global Ambulatory Care Services Sales and Growth Rate (2017-2027)
6.7. Skilled Nursing Facilities (SNFs)
6.7.1. Global Skilled Nursing Facilities (SNFs) Sales and Growth Rate (2017-2027)
7. Nurse Call System Market, By Region
7.1. Introduction
7.2. Global Nurse Call System Sales, Revenue and Market Share by Regions
7.2.1. Global Nurse Call System Sales by Regions (2017-2027)
7.2.2. Global Nurse Call System Revenue by Regions (2017-2027)
7.3. North America Nurse Call System by Countries
7.3.1. North America Nurse Call System Sales and Growth Rate (2017-2027)
7.3.2. North America Nurse Call System Revenue and Growth Rate (2017-2027)
7.3.3. North America Nurse Call System Sales by Countries (2017-2027)
7.3.4. North America Nurse Call System Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Nurse Call System Sales and Growth Rate (2017-2027)
7.3.5.2. United States Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Nurse Call System Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Nurse Call System Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Nurse Call System Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Nurse Call System by Countries
7.4.1. Europe Nurse Call System Sales and Growth Rate (2017-2027)
7.4.2. Europe Nurse Call System Revenue and Growth Rate (2017-2027)
7.4.3. Europe Nurse Call System Sales by Countries (2017-2027)
7.4.4. Europe Nurse Call System Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Nurse Call System Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Nurse Call System Sales and Growth Rate (2017-2027)
7.4.6.2. UK Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Nurse Call System Sales and Growth Rate (2017-2027)
7.4.7.2. France Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Nurse Call System Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Nurse Call System Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Nurse Call System Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Nurse Call System Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Nurse Call System Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Nurse Call System Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Nurse Call System Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Nurse Call System Sales and Growth Rate (2017-2027)
7.5.5.2. China Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Nurse Call System Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Nurse Call System Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Nurse Call System Sales and Growth Rate (2017-2027)
7.5.8.2. India Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Nurse Call System Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Nurse Call System Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Nurse Call System Sales and Growth Rate (2017-2027)
7.6.2. South America Nurse Call System Revenue and Growth Rate (2017-2027)
7.6.3. South America Nurse Call System Sales by Countries (2017-2027)
7.6.4. South America Nurse Call System Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Nurse Call System Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Nurse Call System Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Nurse Call System Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Nurse Call System Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Nurse Call System Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Nurse Call System Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Nurse Call System Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Nurse Call System Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Nurse Call System Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Nurse Call System Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Nurse Call System Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Nurse Call System Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Nurse Call System Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Nurse Call System 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 Nurse Call System Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Nurse Call System Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Hill-Rom Holding Inc.
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Tyco SimplexGrinnell
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Ascom Holding
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Honeywell International Inc.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Rauland-Borg Corporation
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. TekTone Sound & Signal Mfg Inc.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Stanley Healthcare
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Azure Healthcare
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. West-Com Nurse Call Systems Inc.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Critical Alert Systems LLC
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Nurse Call System Market Competition, by Manufacturer
9.1. Global Nurse Call System Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Nurse Call System Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Nurse Call System Price by Manufacturer (2017-2017)
9.4. Top 5 Nurse Call System Manufacturer Market Share
9.5. Market Competition Trend
10. Nurse Call System Market Forecast (2027-2023)
10.1. Global Nurse Call System Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Nurse Call System Market Forecast by Regions (2027-2023)
10.2.1. North America Nurse Call System Market Forecast (2027-2023)
10.2.1.1. United States Nurse Call System Market Forecast (2027-2023)
10.2.1.2. Canada Nurse Call System Market Forecast (2027-2023)
10.2.1.3. Mexico Nurse Call System Market Forecast (2027-2023)
10.2.2. Europe Nurse Call System Market Forecast (2027-2023)
10.2.2.1. Germany Nurse Call System Market Forecast (2027-2023)
10.2.2.2. United Kingdom Nurse Call System Market Forecast (2027-2023)
10.2.2.3. France Nurse Call System Market Forecast (2027-2023)
10.2.2.4. Russia Nurse Call System Market Forecast (2027-2023)
10.2.2.5. Italy Nurse Call System Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Nurse Call System Market Forecast (2027-2023)
10.2.3. Asia-Pacific Nurse Call System Market Forecast (2027-2023)
10.2.3.1. China Nurse Call System Market Forecast (2027-2023)
10.2.3.2. Japan Nurse Call System Market Forecast (2027-2023)
10.2.3.3. Korea Nurse Call System Market Forecast (2027-2023)
10.2.3.4. India Nurse Call System Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Nurse Call System Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Nurse Call System Market Forecast (2027-2023)
10.2.4. South America Nurse Call System Market Forecast (2027-2023)
10.2.4.1. Brazil Nurse Call System Market Forecast (2027-2023)
10.2.4.2. Argentina Nurse Call System Market Forecast (2027-2023)
10.2.4.3. Columbia Nurse Call System Market Forecast (2027-2023)
10.2.4.4. Rest of South America Nurse Call System Market Forecast (2027-2023)
10.2.5. Middle East and Africa Nurse Call System Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Nurse Call System Market Forecast (2027-2023)
10.2.5.2. UAE Nurse Call System Market Forecast (2027-2023)
10.2.5.3. Egypt Nurse Call System Market Forecast (2027-2023)
10.2.5.4. Nigeria Nurse Call System Market Forecast (2027-2023)
10.2.5.5. South Africa Nurse Call System Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Nurse Call System Market Forecast (2027-2023)
10.3. Nurse Call System Market Forecast by Technology (2027-2023)
10.3.1. Global Nurse Call System Sales Forecast by Technology (2027-2023)
10.3.2. Global Nurse Call System Sales Market Share Forecast by Technology (2027-2023)
10.4. Nurse Call System Market Forecast by End User (2027-2023)
10.4.1. Global Nurse Call System Sales Forecast by End User (2027-2023)
10.4.2. Global Nurse Call System 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 Nurse Call System 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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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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