Potassium Sulphate Market By Application And Product Form - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 90 Category: Advanced Materials Report Code : CM06913
Industry Outlook and Trend Analysis
The Potassium Sulphate Market was worth USD 3.17 billion in 2017 and is expected to reach approximately USD 4.83 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.80% during the forecast period. Potassium sulphate, regularly known as sulphate of potash (SOP), is a water dissolvable white crystalline salt that discovers wide application in the pharmaceuticals business. In the food industry, potassium sulphate is utilized as a source of macronutrients potassium and sulphate. Expanding usage of potassium sulphate in the food business as enhancing agent and as an adjuvant has brought about widespread development of the potassium sulphate market in the recent years. Potassium sulphate used in the food industry is fabricated as per the "Food Chemicals Codex" regulation executed by the Food and Drug Administration (FDA). Potassium sulphate is ordinarily used as a part of the agriculture sector as manure for sensitive products, for example, fruits & vegetables, flowers, tobacco, turf and ornamentals, among others.
Drivers and Restraints
The major driver for the market is that Potassium sulphate is known as a safe and 100% natural nutrient. Developing usage of potassium sulphate as a feedstock for acquiring macronutrients, activator, ingredients and nutrient salt crosswise over different businesses is energizing development of the potassium sulphate market. Security of the products is a significant worry as potassium sulphate used as an ingredient in assembling the pharmaceutical, food and cosmetic products can have adverse hypersensitive reactions. Use of potassium sulphate as a compost brings about enhanced quality of agricultural produce, improved nutritious estimation of organic products and vegetables, and is a nitrogen-free source of potassium, as cultivators think that it’s hard to coordinate the nitrogen input required for the development of yields. The expanded demand for food has brought about thriving development of the rural business, which thus boosts interest for manures to give nature of agricultural products.
Market Segmentation
The Potassium Sulphate Market is segmented on the basis of Product Form and Application. On the basis of product form the market is segmented into Powder, Granular and Liquid. On the basis of application the market is segmented into Fruits, Tobacco, Treenuts, Vegetables and Others. The usage of fertilizers is directly associated with the agricultural production, which thus is related with the development in population. The more the populace more would be the prerequisite of food crops, in this way pushing the usage of fertilizers. Developing production of fruits and vegetables combined with different crops, for example, tobacco is anticipated to boost the usage of composts, which subsequently is balance to a great extent add to the development of the worldwide market for potassium sulphate in the coming years.
Regional Outlook and Trend Analysis
Nations in Middle East and Africa have saline soil and often are exposed to scanty rainfall and draught situations prompting dubious farming creation. Governments in nations in Middle East and Africa are taking activities for empowering encouraging and improve agricultural yield. Nations in North Africa and additionally Central Africa give colossal open doors regard to the utilization of potassium sulphate manures with a view to support rural generation along these lines decreasing constancy on imports on food products.
Competitive Insights
The leading players in the market are Rusal, Sesoda Corp, K+S KALI GmbH, Compass Minerals, Migao, Tessenderlo Group, Yara International and SDIC XINJIANG LUOBUPO POTASH CO LTD. 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 Potassium Sulphate Market is segmented as follows-
By Product Form:
- Powder
- Granular
- Liquid
By Application:
- Vegetables
- Treenuts
- Tobacco
- Fruits
- 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
· Potassium Sulphate Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Treenuts
· Fruits
· Vegetables
· Tobacco
· Other Applications
· Potassium Sulphate Market, By Product Form, Estimates and Forecast, 2014-2023 ($Million)
· Granular
· Powder
· Liquid
· Potassium Sulphate Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Potassium Sulphate Market, By Country
o U.S. Potassium Sulphate Market
o Canada Potassium Sulphate Market
o Mexico Potassium Sulphate Market
· Europe
§ Europe Potassium Sulphate Market, By Country
o Germany Potassium Sulphate Market
o UK Potassium Sulphate Market
o France Potassium Sulphate Market
o Russia Potassium Sulphate Market
o Italy Potassium Sulphate Market
o Rest of Europe Potassium Sulphate Market
· Asia-Pacific
§ Asia-Pacific Potassium Sulphate Market, By Country
o China Potassium Sulphate Market
o Japan Potassium Sulphate Market
o South Korea Potassium Sulphate Market
o India Potassium Sulphate Market
o Southeast Asia Potassium Sulphate Market
o Rest of Asia-Pacific Potassium Sulphate Market
· South America
§ South America Potassium Sulphate Market
o Brazil Potassium Sulphate Market
o Argentina Potassium Sulphate Market
o Columbia Potassium Sulphate Market
o South Africa Potassium Sulphate Market
o Rest of South America Potassium Sulphate Market
· Middle East and Africa
§ Middle East and Africa Potassium Sulphate Market
o Saudi Arabia Potassium Sulphate Market
o UAE Potassium Sulphate Market
o Egypt Potassium Sulphate Market
o Nigeria Potassium Sulphate Market
o South Africa Potassium Sulphate Market
o Rest of MEA Potassium Sulphate 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. Potassium Sulphate Market, By Application
5.1. Introduction
5.2. Global Potassium Sulphate Sales, Revenue and Market Share by Application (2017-2027)
5.2.1. Global Potassium Sulphate Sales and Sales Share by Application (2017-2027)
5.2.2. Global Potassium Sulphate Revenue and Revenue Share by Application (2017-2027)
5.3. Treenuts
5.3.1. Global Treenuts Sales and Growth Rate (2017-2027)
5.4. Fruits
5.4.1. Global Fruits Sales and Growth Rate (2017-2027)
5.5. Vegetables
5.5.1. Global Vegetables Sales and Growth Rate (2017-2027)
5.6. Tobacco
5.6.1. Global Tobacco Sales and Growth Rate (2017-2027)
5.7. Other Applications
5.7.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Potassium Sulphate Market, By Product Form
6.1. Introduction
6.2. Global Potassium Sulphate Sales, Revenue and Market Share by Product Form (2017-2027)
6.2.1. Global Potassium Sulphate Sales and Sales Share by Product Form (2017-2027)
6.2.2. Global Potassium Sulphate Revenue and Revenue Share by Product Form (2017-2027)
6.3. Granular
6.3.1. Global Granular Sales and Growth Rate (2017-2027)
6.4. Powder
6.4.1. Global Powder Sales and Growth Rate (2017-2027)
6.5. Liquid
6.5.1. Global Liquid Sales and Growth Rate (2017-2027)
7. Potassium Sulphate Market, By Region
7.1. Introduction
7.2. Global Potassium Sulphate Sales, Revenue and Market Share by Regions
7.2.1. Global Potassium Sulphate Sales by Regions (2017-2027)
7.2.2. Global Potassium Sulphate Revenue by Regions (2017-2027)
7.3. North America Potassium Sulphate by Countries
7.3.1. North America Potassium Sulphate Sales and Growth Rate (2017-2027)
7.3.2. North America Potassium Sulphate Revenue and Growth Rate (2017-2027)
7.3.3. North America Potassium Sulphate Sales by Countries (2017-2027)
7.3.4. North America Potassium Sulphate Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Potassium Sulphate Sales and Growth Rate (2017-2027)
7.3.5.2. United States Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Potassium Sulphate Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Potassium Sulphate Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Potassium Sulphate Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Potassium Sulphate by Countries
7.4.1. Europe Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.2. Europe Potassium Sulphate Revenue and Growth Rate (2017-2027)
7.4.3. Europe Potassium Sulphate Sales by Countries (2017-2027)
7.4.4. Europe Potassium Sulphate Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.6.2. UK Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.7.2. France Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Potassium Sulphate Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Potassium Sulphate Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Potassium Sulphate Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Potassium Sulphate Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.5.2. China Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.8.2. India Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Potassium Sulphate Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Potassium Sulphate Sales and Growth Rate (2017-2027)
7.6.2. South America Potassium Sulphate Revenue and Growth Rate (2017-2027)
7.6.3. South America Potassium Sulphate Sales by Countries (2017-2027)
7.6.4. South America Potassium Sulphate Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Potassium Sulphate Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Potassium Sulphate Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Potassium Sulphate Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Potassium Sulphate Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Potassium Sulphate Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Potassium Sulphate Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Potassium Sulphate Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Potassium Sulphate 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 Potassium Sulphate Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Potassium Sulphate Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Compass Minerals
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. K+S KALI GmbH
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. SESODA Corporation
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. Tessenderlo Group
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. SQM (Sociedad Quimica y Minera de Chile SA)
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. United Co. RUSAL Plc
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. SDIC Xinjiang Luobupo Potash Company Limited
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. Yara International ASA
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. Migao Corporation
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. Kemira Kemi AB
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 Potassium Sulphate Market Competition, by Manufacturer
9.1. Global Potassium Sulphate Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Potassium Sulphate Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Potassium Sulphate Price by Manufacturer (2017-2017)
9.4. Top 5 Potassium Sulphate Manufacturer Market Share
9.5. Market Competition Trend
10. Potassium Sulphate Market Forecast (2027-2023)
10.1. Global Potassium Sulphate Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Potassium Sulphate Market Forecast by Regions (2027-2023)
10.2.1. North America Potassium Sulphate Market Forecast (2027-2023)
10.2.1.1. United States Potassium Sulphate Market Forecast (2027-2023)
10.2.1.2. Canada Potassium Sulphate Market Forecast (2027-2023)
10.2.1.3. Mexico Potassium Sulphate Market Forecast (2027-2023)
10.2.2. Europe Potassium Sulphate Market Forecast (2027-2023)
10.2.2.1. Germany Potassium Sulphate Market Forecast (2027-2023)
10.2.2.2. United Kingdom Potassium Sulphate Market Forecast (2027-2023)
10.2.2.3. France Potassium Sulphate Market Forecast (2027-2023)
10.2.2.4. Russia Potassium Sulphate Market Forecast (2027-2023)
10.2.2.5. Italy Potassium Sulphate Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Potassium Sulphate Market Forecast (2027-2023)
10.2.3. Asia-Pacific Potassium Sulphate Market Forecast (2027-2023)
10.2.3.1. China Potassium Sulphate Market Forecast (2027-2023)
10.2.3.2. Japan Potassium Sulphate Market Forecast (2027-2023)
10.2.3.3. Korea Potassium Sulphate Market Forecast (2027-2023)
10.2.3.4. India Potassium Sulphate Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Potassium Sulphate Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Potassium Sulphate Market Forecast (2027-2023)
10.2.4. South America Potassium Sulphate Market Forecast (2027-2023)
10.2.4.1. Brazil Potassium Sulphate Market Forecast (2027-2023)
10.2.4.2. Argentina Potassium Sulphate Market Forecast (2027-2023)
10.2.4.3. Columbia Potassium Sulphate Market Forecast (2027-2023)
10.2.4.4. Rest of South America Potassium Sulphate Market Forecast (2027-2023)
10.2.5. Middle East and Africa Potassium Sulphate Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Potassium Sulphate Market Forecast (2027-2023)
10.2.5.2. UAE Potassium Sulphate Market Forecast (2027-2023)
10.2.5.3. Egypt Potassium Sulphate Market Forecast (2027-2023)
10.2.5.4. Nigeria Potassium Sulphate Market Forecast (2027-2023)
10.2.5.5. South Africa Potassium Sulphate Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Potassium Sulphate Market Forecast (2027-2023)
10.3. Potassium Sulphate Market Forecast by Application (2027-2023)
10.3.1. Global Potassium Sulphate Sales Forecast by Application (2027-2023)
10.3.2. Global Potassium Sulphate Sales Market Share Forecast by Application (2027-2023)
10.4. Potassium Sulphate Market Forecast by Product Form (2027-2023)
10.4.1. Global Potassium Sulphate Sales Forecast by Product Form (2027-2023)
10.4.2. Global Potassium Sulphate Sales Market Share Forecast by Product Form (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Potassium Sulphate Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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