Pyrogen Testing Market By Product, Test Type And End User- Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Healthcare IT Report Code : HC06850
Industry Outlook and Trend Analysis
The Pyrogen Testing Market was worth USD 0.48 billion in 2017 and is expected to reach approximately USD 1.35 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.14% during the forecast period. Expanding demand for pyrogen testing products in pharmaceutical and biotechnology industry is a vital factor contributing towards the development of the market. Quickly developing pharmaceutical and biotechnology ventures alongside heightening number of new therapeutics dispatch is anticipated to boost the interest for pyrogen testing products. Rising interest in R&D by assembling organizations and government for new product development is another vital factor contributed towards the development of the market. New product launch and development is a key system adopted by makers to keep up their predominance and to get most extreme income share in the division.
Product Outlook and Trend Analysis
In 2017, consumables section was the biggest income producing fragment and is additionally evaluated to maintain its predominance amid the conjecture time frame. Rising pervasiveness of chronic diseases supports the generation of pharmaceuticals, biologics, and medicinal devices products.
Test Type outlook and Trend Analysis
On the basis of test type, the pyrogen testing industry has been portioned into LAL tests, in vitro tests, and rabbit tests. LAL test is additionally classified into turbidimetric test, chromogenic test, and gel clot test. LAL tests is anticipated to exhibit rapid development amid conjecture period because of rising interest for creature free recognition tests alongside its high unwavering quality and reproducibility amid detection.
End User Outlook and Trend Analysis
The pharmaceutical and biotechnology organizations overwhelmed the general market in 2017 because of the rising creation of pharmaceutical, biopharmaceuticals and other biologic products. Therefore, the expanding need of pyrogen testing consumables and instruments in these organizations moves development of the market. Medicinal devices organizations section is anticipated to witness the huge development over the conjecture time frame.
Regional Outlook and Trend Analysis
North America commanded the market with the biggest income share, inferable from existence of numerous vast biotechnology and biopharmaceutical firms. Additionally, the profoundly developed healthcare & research infrastructure and expansive focus on new medication advancement in North America have filled the local market development.
Competitive Insights
The leading players in the market are Hyglos, Lonza Group, Charles River Laboratories, Associates of Cape Cod Inc, Genscript Biotech, Thermo Fisher Scientific, Ellab and Merck Group. The major companies are undertaking various strategies initiatives, such as new product development, mergers, acquisitions, collaborations, and regional expansion for serving the unmet needs of their customers.
The Pyrogen Testing Market is segmented as follows-
By Product:
- Instruments
- Consumables
- Services
By Test Type:
- Chromogenic test
- Turbidimetric test
- In vitro pyrogen test
- Rabbit test
- LAL test
- Gel clot test
By End User:
- Medical devices companies
- Pharmaceutical and biotechnology companies
- 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
· Pyrogen Testing Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Consumables
o Instruments
o Services
· Pyrogen Testing Market, By Test Type, Estimates and Forecast, 2014-2023($Billion)
o LAL test
o Chromogenic test
o Turbid metric test
o Gel clot test
o In vitro pyrogen test
o Rabbit test
· Pyrogen Testing Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Pharmaceutical and biotechnology companies
o Medical devices companies
o Other End Users
· Pyrogen Testing Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Pyrogen Testing Market, By Country
o U.S. Pyrogen Testing Market
o Canada Pyrogen Testing Market
o Mexico Pyrogen Testing Market
o Europe
§ Europe Pyrogen Testing Market, By Country
o Germany Pyrogen Testing Market
o UK Pyrogen Testing Market
o France Pyrogen Testing Market
o Russia Pyrogen Testing Market
o Italy Pyrogen Testing Market
o Rest of Europe Pyrogen Testing Market
o Asia-Pacific
§ Asia-Pacific Pyrogen Testing Market, By Country
o China Pyrogen Testing Market
o Japan Pyrogen Testing Market
o South Korea Pyrogen Testing Market
o India Pyrogen Testing Market
o Southeast Asia Pyrogen Testing Market
o Rest of Asia-Pacific Pyrogen Testing Market
o South America
§ South America Pyrogen Testing Market
o Brazil Pyrogen Testing Market
o Argentina Pyrogen Testing Market
o Columbia Pyrogen Testing Market
o South Africa Pyrogen Testing Market
o Rest of South America Pyrogen Testing Market
o Middle East and Africa
§ Middle East and Africa Pyrogen Testing Market
o Saudi Arabia Pyrogen Testing Market
o UAE Pyrogen Testing Market
o Egypt Pyrogen Testing Market
o Nigeria Pyrogen Testing Market
o South Africa Pyrogen Testing Market
o Rest of MEA Pyrogen Testing 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. Pyrogen Testing Market, By Product
5.1. Introduction
5.2. Global Pyrogen Testing Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Pyrogen Testing Sales and Sales Share by Product (2017-2027)
5.2.2. Global Pyrogen Testing Revenue and Revenue Share by Product (2017-2027)
5.3. Consumables
5.3.1. Global Consumables Sales and Growth Rate (2017-2027)
5.4. Instruments
5.4.1. Global Instruments Sales and Growth Rate (2017-2027)
5.5. Services
5.5.1. Global Services Sales and Growth Rate (2017-2027)
6. Pyrogen Testing Market, By Test Type
6.1. Introduction
6.2. Global Pyrogen Testing Sales, Revenue and Market Share by Test Type (2017-2027)
6.2.1. Global Pyrogen Testing Sales and Sales Share by Test Type (2017-2027)
6.2.2. Global Pyrogen Testing Revenue and Revenue Share by Test Type (2017-2027)
6.3. LAL test
6.3.1. Global LAL test Sales and Growth Rate (2017-2027)
6.4. Chromogenic test
6.4.1. Global Chromogenic test Sales and Growth Rate (2017-2027)
6.5. Turbidimetric test
6.5.1. Global Turbidimetric test Sales and Growth Rate (2017-2027)
6.6. Gel clot test
6.6.1. Global Gel clot test Sales and Growth Rate (2017-2027)
6.7. In vitro pyrogen test
6.7.1. Global In vitro pyrogen test Sales and Growth Rate (2017-2027)
6.8. Rabbit test
6.8.1. Global Rabbit test Sales and Growth Rate (2017-2027)
7. Pyrogen Testing Market, By End User
7.1. Introduction
7.2. Global Pyrogen Testing Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global Pyrogen Testing Sales and Sales Share by End User (2017-2027)
7.2.2. Global Pyrogen Testing Revenue and Revenue Share by End User (2017-2027)
7.3. Pharmaceutical and biotechnology companies
7.3.1. Global Pharmaceutical and biotechnology companies Sales and Growth Rate (2017-2027)
7.4. Medical devices companies
7.4.1. Global Medical devices companies Sales and Growth Rate (2017-2027)
7.5. Other End Users
7.5.1. Global Other End Users Sales and Growth Rate (2017-2027)
8. Pyrogen Testing Market, By Region
8.1. Introduction
8.2. Global Pyrogen Testing Sales, Revenue and Market Share by Regions
8.2.1. Global Pyrogen Testing Sales by Regions (2017-2027)
8.2.2. Global Pyrogen Testing Revenue by Regions (2017-2027)
8.3. North America Pyrogen Testing by Countries
8.3.1. North America Pyrogen Testing Sales and Growth Rate (2017-2027)
8.3.2. North America Pyrogen Testing Revenue and Growth Rate (2017-2027)
8.3.3. North America Pyrogen Testing Sales by Countries (2017-2027)
8.3.4. North America Pyrogen Testing Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Pyrogen Testing Sales and Growth Rate (2017-2027)
8.3.5.2. United States Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Pyrogen Testing Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Pyrogen Testing Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Pyrogen Testing Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Pyrogen Testing by Countries
8.4.1. Europe Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.2. Europe Pyrogen Testing Revenue and Growth Rate (2017-2027)
8.4.3. Europe Pyrogen Testing Sales by Countries (2017-2027)
8.4.4. Europe Pyrogen Testing Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.6.2. UK Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.7.2. France Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Pyrogen Testing Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Pyrogen Testing Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Pyrogen Testing Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Pyrogen Testing Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.5.2. China Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.8.2. India Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Pyrogen Testing Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Pyrogen Testing Sales and Growth Rate (2017-2027)
8.6.2. South America Pyrogen Testing Revenue and Growth Rate (2017-2027)
8.6.3. South America Pyrogen Testing Sales by Countries (2017-2027)
8.6.4. South America Pyrogen Testing Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Pyrogen Testing Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Pyrogen Testing Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Pyrogen Testing Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Pyrogen Testing Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Pyrogen Testing Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Pyrogen Testing Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Pyrogen Testing Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Pyrogen Testing Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Pyrogen Testing Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Charles River Laboratories, Inc.
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Ellab A/S
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. Merck KGaA
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. GenScript
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Hyglos GmbH
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Lonza
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Thermo Fisher Scientific, Inc.
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Associates of Cape Cod, Inc.
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Pyrostar
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
10. Global Pyrogen Testing Market Competition, by Manufacturer
10.1. Global Pyrogen Testing Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Pyrogen Testing Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Pyrogen Testing Price by Manufacturer (2017-2017)
10.4. Top 5 Pyrogen Testing Manufacturer Market Share
10.5. Market Competition Trend
11. Pyrogen Testing Market Forecast (2027-2023)
11.1. Global Pyrogen Testing Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Pyrogen Testing Market Forecast by Regions (2027-2023)
11.2.1. North America Pyrogen Testing Market Forecast (2027-2023)
11.2.1.1. United States Pyrogen Testing Market Forecast (2027-2023)
11.2.1.2. Canada Pyrogen Testing Market Forecast (2027-2023)
11.2.1.3. Mexico Pyrogen Testing Market Forecast (2027-2023)
11.2.2. Europe Pyrogen Testing Market Forecast (2027-2023)
11.2.2.1. Germany Pyrogen Testing Market Forecast (2027-2023)
11.2.2.2. United Kingdom Pyrogen Testing Market Forecast (2027-2023)
11.2.2.3. France Pyrogen Testing Market Forecast (2027-2023)
11.2.2.4. Russia Pyrogen Testing Market Forecast (2027-2023)
11.2.2.5. Italy Pyrogen Testing Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Pyrogen Testing Market Forecast (2027-2023)
11.2.3. Asia-Pacific Pyrogen Testing Market Forecast (2027-2023)
11.2.3.1. China Pyrogen Testing Market Forecast (2027-2023)
11.2.3.2. Japan Pyrogen Testing Market Forecast (2027-2023)
11.2.3.3. Korea Pyrogen Testing Market Forecast (2027-2023)
11.2.3.4. India Pyrogen Testing Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Pyrogen Testing Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Pyrogen Testing Market Forecast (2027-2023)
11.2.4. South America Pyrogen Testing Market Forecast (2027-2023)
11.2.4.1. Brazil Pyrogen Testing Market Forecast (2027-2023)
11.2.4.2. Argentina Pyrogen Testing Market Forecast (2027-2023)
11.2.4.3. Columbia Pyrogen Testing Market Forecast (2027-2023)
11.2.4.4. Rest of South America Pyrogen Testing Market Forecast (2027-2023)
11.2.5. Middle East and Africa Pyrogen Testing Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Pyrogen Testing Market Forecast (2027-2023)
11.2.5.2. UAE Pyrogen Testing Market Forecast (2027-2023)
11.2.5.3. Egypt Pyrogen Testing Market Forecast (2027-2023)
11.2.5.4. Nigeria Pyrogen Testing Market Forecast (2027-2023)
11.2.5.5. South Africa Pyrogen Testing Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Pyrogen Testing Market Forecast (2027-2023)
11.3. Pyrogen Testing Market Forecast by Product (2027-2023)
11.3.1. Global Pyrogen Testing Sales Forecast by Product (2027-2023)
11.3.2. Global Pyrogen Testing Sales Market Share Forecast by Product (2027-2023)
11.4. Pyrogen Testing Market Forecast by Test Type (2027-2023)
11.4.1. Global Pyrogen Testing Sales Forecast by Test Type (2027-2023)
11.4.2. Global Pyrogen Testing Sales Market Share Forecast by Test Type (2027-2023)
11.5. Pyrogen Testing Market Forecast by End User (2027-2023)
11.5.1. Global Pyrogen Testing Sales Forecast by End User (2027-2023)
11.5.2. Global Pyrogen Testing 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 Pyrogen Testing 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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