Optical Coherence Tomography (oct) Market By Type (catheter Based Oct Devices, Doppler Oct Devices, Handheld Oct Devices And Tabletop Oct Devices), Application (ophthalmology, Cardiovascular, Oncology, Dermatology And Other Applications) And Technology (time Domain Oct (tdoct), Frequency Domain Oct (fd-oct) And Spatial Encoded Frequency Domain Oct)- Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071101
Industry Outlook and Trend Analysis
The Optical Coherence Tomography (OCT) Market is expected to witness considerable growth during the forecast period. Optical Coherence Tomography (OCT) strategies are powerful optical diagnostics that cast a two-dimensional perspective of the retina to help ophthalmological tests and medications. The market for OCT is basically impelled by the differential requirement for these systems across over different areas of life sciences and social insurance. The OCT market has been highlighted by the appearance of new innovations, advanced by the raising pertinence of therapeutic applications in the contemporary situation. The extent of OCT is not restricted to ophthalmology and has plunged over other medicinal domains, for example, oncology, nephrology, and dermatology.
Drivers and Restrains
The rising number of pathology labs has likewise been an enthusiastic supporter of market development since OCT methods could be utilized in the meditative investigation of small scale level maladies. Moreover, the non-obtrusive nature of OCT has put it on the platform of pertinence, settling on it the prime decision of the restorative organization for optical imaging. The ambit of OCT has extended to the investigation of infections, for example, non-melanoma skin malignancy, prostate tumour, cardiovascular interruptions, oesophageal issues, and diabetes. This is a critical angle for the market in light of the fact that the rising occasion of these maladies would create uncontrolled interest for OCT products. The developing countries including India and China have seen auxiliary changes in their social insurance part that is making formative steps. This multiplies the interest for OCT devices adding to the quality of the market.
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth over the forecast period owing to the rising incidence of diabetic retinopathy and other eye problems. Europe holds the second position in the optical coherence tomography market. The money related help gave by the administration and private bodies for look into and improvement is moving the development of the optical coherence tomography market in the European district. The predominance of diabetic retinopathy and other eye maladies is likewise observed to be exceptionally common in the European region. Asia Pacific area is anticipated to be the quickest developing district amid the conjecture time frame. Fast headway in innovation and rising cooperation of market players drive the development of this market in Asia Pacific district.
Competitive Insights
The leading players in the market are Agfa Healthcare, Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics and others. 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 Optical Coherence Tomography (OCT) Market is segmented as follows-
By Technology:
- Time Domain OCT (TDOCT)
- Frequency Domain OCT (FD-OCT)
- Spatial Encoded Frequency Domain OCT
By Type:
- Catheter based OCT devices
- Doppler OCT devices
- Handheld OCT devices
- Tabletop OCT devices
By Application:
- Ophthalmology
- Cardiovascular
- Oncology
- Dermatology
- Other Applications
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
· Optical Coherence Tomography (OCT) Market, By Type, Estimates and Forecast, 2014-2023($Billion)
o Catheter based OCT devices
o Doppler OCT devices
o Handheld OCT devices
o Tabletop OCT devices
· Optical Coherence Tomography (OCT) Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Ophthalmology
o Cardiovascular
o Oncology
o Dermatology
o Other Applications
· Optical Coherence Tomography (OCT) Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
o Time Domain OCT (TDOCT)
o Frequency Domain OCT (FD-OCT)
o Spatial Encoded Frequency Domain OCT
· Optical Coherence Tomography (OCT) Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Optical Coherence Tomography (OCT) Market, By Country
o U.S. Optical Coherence Tomography (OCT) Market
o Canada Optical Coherence Tomography (OCT) Market
o Mexico Optical Coherence Tomography (OCT) Market
o Europe
§ Europe Optical Coherence Tomography (OCT) Market, By Country
o Germany Optical Coherence Tomography (OCT) Market
o UK Optical Coherence Tomography (OCT) Market
o France Optical Coherence Tomography (OCT) Market
o Russia Optical Coherence Tomography (OCT) Market
o Italy Optical Coherence Tomography (OCT) Market
o Rest of Europe Optical Coherence Tomography (OCT) Market
o Asia-Pacific
§ Asia-Pacific Optical Coherence Tomography (OCT) Market, By Country
o China Optical Coherence Tomography (OCT) Market
o Japan Optical Coherence Tomography (OCT) Market
o South Korea Optical Coherence Tomography (OCT) Market
o India Optical Coherence Tomography (OCT) Market
o Southeast Asia Optical Coherence Tomography (OCT) Market
o Rest of Asia-Pacific Optical Coherence Tomography (OCT) Market
o South America
§ South America Optical Coherence Tomography (OCT) Market
o Brazil Optical Coherence Tomography (OCT) Market
o Argentina Optical Coherence Tomography (OCT) Market
o Columbia Optical Coherence Tomography (OCT) Market
o South Africa Optical Coherence Tomography (OCT) Market
o Rest of South America Optical Coherence Tomography (OCT) Market
o Middle East and Africa
§ Middle East and Africa Optical Coherence Tomography (OCT) Market
o Saudi Arabia Optical Coherence Tomography (OCT) Market
o UAE Optical Coherence Tomography (OCT) Market
o Egypt Optical Coherence Tomography (OCT) Market
o Nigeria Optical Coherence Tomography (OCT) Market
o South Africa Optical Coherence Tomography (OCT) Market
o Rest of MEA Optical Coherence Tomography (OCT) 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
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. Optical Coherence Tomography (OCT) Market, By Type
5.1. Introduction
5.2. Global Optical Coherence Tomography (OCT) Revenue and Market Share by Type (2017-2027)
5.2.1. Global Optical Coherence Tomography (OCT) Revenue and Revenue Share by Type (2017-2027)
5.3. Catheter based OCT devices
5.3.1. Global Catheter based OCT devices Revenue and Growth Rate (2017-2027)
5.4. Doppler OCT devices
5.4.1. Global Doppler OCT devices Revenue and Growth Rate (2017-2027)
5.5. Handheld OCT devices
5.5.1. Global Handheld OCT devices Revenue and Growth Rate (2017-2027)
5.6. Tabletop OCT devices
5.6.1. Global Tabletop OCT devices Revenue and Growth Rate (2017-2027)
6. Optical Coherence Tomography (OCT) Market, By Application
6.1. Introduction
6.2. Global Optical Coherence Tomography (OCT) Revenue and Market Share by Application (2017-2027)
6.2.1. Global Optical Coherence Tomography (OCT) Revenue and Revenue Share by Application (2017-2027)
6.3. Ophthalmology
6.3.1. Global Ophthalmology Revenue and Growth Rate (2017-2027)
6.4. Cardiovascular
6.4.1. Global Cardiovascular Revenue and Growth Rate (2017-2027)
6.5. Oncology
6.5.1. Global Oncology Revenue and Growth Rate (2017-2027)
6.6. Dermatology
6.6.1. Global Dermatology Revenue and Growth Rate (2017-2027)
6.7. Other Applications
6.7.1. Global Other Applications Revenue and Growth Rate (2017-2027)
7. Optical Coherence Tomography (OCT) Market, By Technology
7.1. Introduction
7.2. Global Optical Coherence Tomography (OCT) Revenue and Market Share by Technology (2017-2027)
7.2.1. Global Optical Coherence Tomography (OCT) Revenue and Revenue Share by Technology (2017-2027)
7.3. Time Domain OCT (TDOCT)
7.3.1. Global Time Domain OCT (TDOCT) Revenue and Growth Rate (2017-2027)
7.4. Frequency Domain OCT (FD-OCT)
7.4.1. Global Frequency Domain OCT (FD-OCT) Revenue and Growth Rate (2017-2027)
7.5. Spatial Encoded Frequency Domain OCT
7.5.1. Global Spatial Encoded Frequency Domain OCT Revenue and Growth Rate (2017-2027)
8. Optical Coherence Tomography (OCT) Market, By Region
8.1. Introduction
8.2. Global Optical Coherence Tomography (OCT) Revenue and Market Share by Regions
8.2.1. Global Optical Coherence Tomography (OCT) Revenue by Regions (2017-2027)
8.3. North America Optical Coherence Tomography (OCT) by Countries
8.3.1. North America Optical Coherence Tomography (OCT) Revenue and Growth Rate (2017-2027)
8.3.2. North America Optical Coherence Tomography (OCT) Revenue by Countries (2017-2027)
8.3.3. North America Optical Coherence Tomography (OCT) Revenue (Million USD) by Countries (2017-2027)
8.3.4. U.S.
8.3.4.1. United States Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.5. Canada
8.3.5.1. Canada Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Mexico
8.3.6.1. Mexico Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Optical Coherence Tomography (OCT) by Countries
8.4.1. Europe Optical Coherence Tomography (OCT) Revenue and Growth Rate (2017-2027)
8.4.2. Europe Optical Coherence Tomography (OCT) Revenue by Countries (2017-2027)
8.4.3. Europe Optical Coherence Tomography (OCT) Revenue (Million USD) by Countries (2017-2027)
8.4.4. Germany
8.4.4.1. Germany Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.5. UK
8.4.5.1. UK Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. France
8.4.6.1. France Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. Russia
8.4.7.1. Russia Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Italy
8.4.8.1. Italy Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Rest of Europe
8.4.9.1. Rest of Europe Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Optical Coherence Tomography (OCT) Revenue and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Optical Coherence Tomography (OCT) Revenue by Countries (2017-2027)
8.5.3. Asia-Pacific Optical Coherence Tomography (OCT) Revenue (Million USD) by Countries (2017-2027)
8.5.4. China
8.5.4.1. China Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.5. Japan
8.5.5.1. Japan Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Korea
8.5.6.1. Korea Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.7. India
8.5.7.1. India Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. Southeast Asia
8.5.8.1. Southeast Asia Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Rest of Asia-Pacific
8.5.9.1. Rest of Asia-Pacific Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Optical Coherence Tomography (OCT) Revenue and Growth Rate (2017-2027)
8.6.2. South America Optical Coherence Tomography (OCT) Revenue by Countries (2017-2027)
8.6.3. South America Optical Coherence Tomography (OCT) Revenue (Million USD) by Countries (2017-2027)
8.6.4. Brazil
8.6.4.1. Brazil Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.5. Argentina
8.6.5.1. Argentina Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Columbia
8.6.6.1. Columbia Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Rest of South America
8.6.7.1. Rest of South America Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Optical Coherence Tomography (OCT) Revenue and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Optical Coherence Tomography (OCT) Revenue by Countries (2017-2027)
8.7.3. Middle East and Africa Optical Coherence Tomography (OCT) Revenue (Million USD) by Countries (2017-2027)
8.7.4. Saudi Arabia
8.7.4.1. Saudi Arabia Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.5. United Arab Emirates
8.7.5.1. United Arab Emirates Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. Egypt
8.7.6.1. Egypt Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Nigeria
8.7.7.1. Nigeria Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. South Africa
8.7.8.1. South Africa Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. Rest of Middle East and Africa
8.7.9.1. Rest of Middle East and Africa Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Agfa Healthcare
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Revenue and Market Share
9.2. Carl Zeiss Meditec AG
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Revenue and Market Share
9.3. Heidelberg Engineering GmbH
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Revenue and Market Share
9.4. Imalux Corporation
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Revenue and Market Share
9.5. Michelson Diagnostics
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Revenue and Market Share
9.6. Novacam Technologies Inc.
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Revenue and Market Share
9.7. OPTOPOL Technology S.A.
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Revenue and Market Share
9.8. Topcon Medical Systems Inc.
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Revenue and Market Share
9.9. Thorlabs Inc
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Revenue and Market Share
9.10. Optovue
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Revenue and Market Share
10. Global Optical Coherence Tomography (OCT) Market Competition, by Manufacturer
10.1. Global Optical Coherence Tomography (OCT) Revenue and Market Share by Manufacturer (2017-2017)
10.2. Global Optical Coherence Tomography (OCT) Price by Region (2017-2017)
10.3. Top 5 Optical Coherence Tomography (OCT) Manufacturer Market Share
10.4. Market Competition Trend
11. Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.1. Global Optical Coherence Tomography (OCT) Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Optical Coherence Tomography (OCT) Market Forecast by Regions (2027-2023)
11.2.1. North America Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.1.1. United States Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.1.2. Canada Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.1.3. Mexico Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2. Europe Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.1. Germany Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.2. United Kingdom Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.3. France Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.4. Russia Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.5. Italy Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3. Asia-Pacific Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.1. China Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.2. Japan Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.3. Korea Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.4. India Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.4. South America Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.4.1. Brazil Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.4.2. Argentina Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.4.3. Columbia Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.4.4. Rest of South America Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5. Middle East and Africa Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.2. UAE Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.3. Egypt Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.4. Nigeria Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.5. South Africa Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Optical Coherence Tomography (OCT) Market Forecast (2027-2023)
11.3. Optical Coherence Tomography (OCT) Market Forecast by Type (2027-2023)
11.3.1. Global Optical Coherence Tomography (OCT) Revenue Forecast by Type (2027-2023)
11.3.2. Global Optical Coherence Tomography (OCT) Revenue Market Share Forecast by Type (2027-2023)
11.4. Optical Coherence Tomography (OCT) Market Forecast by Application (2027-2023)
11.4.1. Global Optical Coherence Tomography (OCT) Revenue Forecast by Application (2027-2023)
11.4.2. Global Optical Coherence Tomography (OCT) Revenue Market Share Forecast by Application (2027-2023)
11.5. Optical Coherence Tomography (OCT) Market Forecast by Technology (2027-2023)
11.5.1. Global Optical Coherence Tomography (OCT) Revenue Forecast by Technology (2027-2023)
11.5.2. Global Optical Coherence Tomography (OCT) Revenue Market Share Forecast by Technology (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Optical Coherence Tomography (OCT) 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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