Remittance Market by Type and Application- Global Industry Analysis & Forecast to 2027

Table of Contents:

1.       Introduction

1.1.     Report Description

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 Status and Outlook (2017-2027)

4.1.2.  Canada Market Status and Outlook (2017-2027)

4.1.3.  Mexico Market Status and Outlook (2017-2027)

4.2.     Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market Status and Outlook (2017-2027)

4.2.2.  France Market Status and Outlook (2017-2027)

4.2.3.  UK Market Status and Outlook (2017-2027)

4.2.4.  Russia Market Status and Outlook (2017-2027)

4.2.5.  Italy Market Status and Outlook (2017-2027)

4.2.6.  Rest of Europe Market Status and Outlook (2017-2027)

4.3.     Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market Status and Outlook (2017-2027)

4.3.2.  Japan Market Status and Outlook (2017-2027)

4.3.3.  Korea Market Status and Outlook (2017-2027)

4.3.4.  India Market Status and Outlook (2017-2027)

4.3.5.  Southeast Asia Market Status and Outlook (2017-2027)

4.3.6.  Rest of Asia-Pacific Market Status and Outlook (2017-2027)

4.4.     South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market Status and Outlook (2017-2027)

4.4.2.  Argentina Market Status and Outlook (2017-2027)

4.4.3.  Columbia Market Status and Outlook (2017-2027)

4.4.4.  Rest of South America Market Status and Outlook (2017-2027)

4.5.     Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market Status and Outlook (2017-2027)

4.5.2.  United Arab Emirates Market Status and Outlook (2017-2027)

4.5.3.  Egypt Market Status and Outlook (2017-2027)

4.5.4.  Nigeria Market Status and Outlook (2017-2027)

4.5.5.  South Africa Market Status and Outlook (2017-2027)

4.5.6.  Turkey Market Status and Outlook (2017-2027)

4.5.7.  Rest of Middle East and Africa Market Status and Outlook (2017-2027)

5.       Remittance  Market, By Type

5.1.     Introduction

5.2.     Global Remittance  Revenue and Market Share by Type (2017-2021)

5.2.1.  Global Remittance  Revenue and Revenue Share by Type (2017-2021)

5.3.     Inward Remittance

5.3.1.  Global Inward Remittance Revenue and Growth Rate (2017-2021)

5.4.     Outward Remittance

5.4.1.  Global Outward Remittance Revenue and Growth Rate (2017-2021)

6.       Remittance  Market, By Applications

6.1.     Introduction

6.2.     Global Remittance  Revenue and Market Share by Applications (2017-2021)

6.2.1.  Global Remittance  Revenue and Revenue Share by Applications (2017-2021)

6.3.     Consumption

6.3.1.  Global Consumption Revenue and Growth Rate (2017-2021)

6.4.     Savings

6.4.1.  Global Savings Revenue and Growth Rate (2017-2021)

6.5.     Investment

6.5.1.  Global Investment Revenue and Growth Rate (2017-2021)

7.       Remittance  Market, By Region

7.1.     Introduction

7.2.     Global Remittance  Revenue and Market Share by Regions

7.2.1.  Global Remittance  Revenue by Regions (2017-2021)

7.3.     North America Remittance  by Countries

7.3.1.  North America Remittance  Revenue and Growth Rate (2017-2021)

7.3.2.  North America Remittance  Revenue (Million USD) by Countries (2017-2021)

7.3.3.  United States

7.3.3.1.  United States Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.3.4.  Canada

7.3.4.1.  Canada Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.3.5.  Mexico

7.3.5.1.  Mexico Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.     Europe Remittance  by Countries

7.4.1.  Europe Remittance  Revenue and Growth Rate (2017-2021)

7.4.2.  Europe Remittance  Revenue (Million USD) by Countries (2017-2021)

7.4.3.  Germany

7.4.3.1.  Germany Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.4.  France

7.4.4.1.  France Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.5.  UK

7.4.5.1.  UK Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.6.  Russia

7.4.6.1.  Russia Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.7.  Italy

7.4.7.1.  Italy Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.4.8.  Rest of Europe

7.4.8.1.  Rest of Europe Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.     Asia-Pacific Remittance  by Countries

7.5.1.  Asia-Pacific Remittance  Revenue and Growth Rate (2017-2021)

7.5.2.  Asia-Pacific Remittance  Revenue (Million USD) by Countries (2017-2021)

7.5.3.  China

7.5.3.1.  China Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.4.  Japan

7.5.4.1.  Japan Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.5.  Korea

7.5.5.1.  Korea Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.6.  India

7.5.6.1.  India Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.7.  Southeast Asia

7.5.7.1.  Southeast Asia Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.5.8.  Rest of Asia-Pacific

7.5.8.1.  Rest of Asia-Pacific Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.6.     South America Remittance  by Countries

7.6.1.  South America Remittance  Revenue and Growth Rate (2017-2021)

7.6.2.  South America Remittance  Revenue (Million USD) by Countries (2017-2021)

7.6.3.  Brazil

7.6.3.1.  Brazil Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.6.4.  Argentina

7.6.4.1.  Argentina Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.6.5.  Columbia

7.6.5.1.  Columbia Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.6.6.  Rest of South America

7.6.6.1.  Rest of South America Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.     Middle East and Africa Remittance  by Countries

7.7.1.  Middle East and Africa Remittance  Revenue and Growth Rate (2017-2021)

7.7.2.  Middle East and Africa Remittance  Revenue (Million USD) by Countries (2017-2021)

7.7.3.  Saudi Arabia

7.7.3.1.  Saudi Arabia Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.4.  United Arab Emirates

7.7.4.1.  United Arab Emirates Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.5.  Egypt

7.7.5.1.  Egypt Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.6.  Nigeria

7.7.6.1.  Nigeria Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.7.  South Africa

7.7.7.1.  South Africa Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.8.  Turkey

7.7.8.1.  Turkey Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

7.7.9.  Rest of Middle East and Africa

7.7.9.1.  Rest of Middle East and Africa Remittance  Revenue (Millions USD) and Growth Rate (2017-2021)

8.       Company Profiles

8.1.     Bank of America

8.1.1.  Business Overview

8.1.2.   Service Portfolio

8.1.3.  Strategic Developments

8.1.4.  Financial Overview

8.2.     Citigroup Inc.

8.2.1.  Business Overview

8.2.2.   Service Portfolio

8.2.3.  Strategic Developments

8.2.4.  Financial Overview

8.3.     JPMorgan Chase & Co.

8.3.1.  Business Overview

8.3.2.   Service Portfolio

8.3.3.  Strategic Developments

8.3.4.  Financial Overview

8.4.     MoneyGram International, Inc.

8.4.1.  Business Overview

8.4.2.   Service Portfolio

8.4.3.  Strategic Developments

8.4.4.  Financial Overview

8.5.     RIA Financial Services Ltd.

8.5.1.  Business Overview

8.5.2.   Service Portfolio

8.5.3.  Strategic Developments

8.5.4.  Financial Overview

8.6.     TransferWise Ltd.

8.6.1.  Business Overview

8.6.2.   Service Portfolio

8.6.3.  Strategic Developments

8.6.4.  Financial Overview

8.7.     UAE Exchange

8.7.1.  Business Overview

8.7.2.   Service Portfolio

8.7.3.  Strategic Developments

8.7.4.  Financial Overview

8.8.     Wells Fargo

8.8.1.  Business Overview

8.8.2.   Service Portfolio

8.8.3.  Strategic Developments

8.8.4.  Financial Overview

8.9.     Western Union Holdings Inc.

8.9.1.  Business Overview

8.9.2.   Service Portfolio

8.9.3.  Strategic Developments

8.9.4.  Financial Overview

8.10. XOOM

8.10.1.      Business Overview

8.10.2.       Service Portfolio

8.10.3.      Strategic Developments

8.10.4.      Financial Overview

9.       Remittance  Market Forecast (2022-2027)

9.1.     Global Remittance  Revenue (Millions USD) and Growth Rate (2022-2027)

9.2.     Remittance  Market Forecast by Regions (2022-2027)

9.2.1.  North America Remittance  Market Forecast (2022-2027)

9.2.1.1.  United States Remittance  Market Forecast (2022-2027)

9.2.1.2.  Canada Remittance  Market Forecast (2022-2027)

9.2.1.3.  Mexico Remittance  Market Forecast (2022-2027)

9.2.2.  Europe Remittance  Market Forecast (2022-2027)

9.2.2.1.  Germany Remittance  Market Forecast (2022-2027)

9.2.2.2.  France Remittance  Market Forecast (2022-2027)

9.2.2.3.  UK Remittance  Market Forecast (2022-2027)

9.2.2.4.  Russia Remittance  Market Forecast (2022-2027)

9.2.2.5.  Italy Remittance  Market Forecast (2022-2027)

9.2.2.6.  Rest of Europe Remittance  Market Forecast (2022-2027)

9.2.3.  Asia-Pacific Remittance  Market Forecast (2022-2027)

9.2.3.1.  China Remittance  Market Forecast (2022-2027)

9.2.3.2.  Japan Remittance  Market Forecast (2022-2027)

9.2.3.3.  Korea Remittance  Market Forecast (2022-2027)

9.2.3.4.  India Remittance  Market Forecast (2022-2027)

9.2.3.5.  Southeast Asia Remittance  Market Forecast (2022-2027)

9.2.3.6.  Rest of Asia-Pacific Remittance  Market Forecast (2022-2027)

9.2.4.  South America Remittance  Market Forecast (2022-2027)

9.2.4.1.  Brazil Remittance  Market Forecast (2022-2027)

9.2.4.2.  Argentina Remittance  Market Forecast (2022-2027)

9.2.4.3.  Columbia Remittance  Market Forecast (2022-2027)

9.2.4.4.  Rest of South America Remittance  Market Forecast (2022-2027)

9.2.5.  Middle East and Africa Remittance  Market Forecast (2022-2027)

9.2.5.1.  Saudi Arabia Remittance  Market Forecast (2022-2027)

9.2.5.2.  United Arab Emirates Remittance  Market Forecast (2022-2027)

9.2.5.3.  Egypt Remittance  Market Forecast (2022-2027)

9.2.5.4.  Nigeria Remittance  Market Forecast (2022-2027)

9.2.5.5.  South Africa Remittance  Market Forecast (2022-2027)

9.2.5.6.  Turkey Remittance  Market Forecast (2022-2027)

9.2.5.7.  Rest of Middle East and Africa Remittance  Market Forecast (2022-2027)

9.3.     Remittance  Market Forecast by Type (2022-2027)

9.3.1.  Remittance  Forecast by Type (2022-2027)

9.3.2.  Remittance  Market Share Forecast by Type (2022-2027)

9.4.     Remittance  Market Forecast by Applications (2022-2027)

9.4.1.  Remittance  Forecast by Applications (2022-2027)

9.4.2.  Remittance  Market Share Forecast by Applications (2022-2027)

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List of Tables

List of Tables and Figures:

Figure United States Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Canada Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Mexico Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Germany Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure France Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure UK Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Russia Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Italy Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Rest of Europe Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure China Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Japan Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Korea Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure India Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Southeast Asia Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Rest of Asia-Pacific Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Brazil Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Argentina Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Columbia Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Rest of South America Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Saudi Arabia Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure United Arab Emirates Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Egypt Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Nigeria Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure South Africa Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Turkey Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Figure Rest of Middle East and Africa Remittance Revenue (Million USD) and Growth Rate (2017-2027)
Table Global Remittance Revenue and Revenue Share by Type (2017-2019)
Figure Global Inward Remittance Revenue and Growth Rate (2017-2019)
Figure Global Outward Remittance Revenue and Growth Rate (2017-2019)
Table Global Remittance Revenue and Revenue Share by Applications (2017-2019)
Figure Global Consumption Revenue and Growth Rate (2017-2019)
Figure Global Savings Revenue and Growth Rate (2017-2019)
Figure Global Investment Revenue and Growth Rate (2017-2019)
Table Global Remittance Revenue by Regions (2017-2019)
Figure North America Remittance Growth Rate (2017-2019)
Figure North America Remittance Revenue and Growth Rate (2017-2019)
Figure North America Remittance by Countries (2017-2019)
Figure North America Remittance Revenue (Million USD) by Countries (2017-2019)
Figure United States Remittance Growth Rate (2017-2019)
Figure United States Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Canada Remittance Growth Rate (2017-2019)
Figure Canada Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Mexico Remittance Growth Rate (2017-2019)
Figure Mexico Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Europe Remittance Growth Rate (2017-2019)
Figure Europe Remittance Revenue and Growth Rate (2017-2019)
Figure Europe Remittance by Countries (2017-2019)
Figure Europe Remittance Revenue (Million USD) by Countries (2017-2019)
Figure Germany Remittance Growth Rate (2017-2019)
Figure Germany Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure France Remittance Growth Rate (2017-2019)
Figure France Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure UK Remittance Growth Rate (2017-2019)
Figure UK Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Russia Remittance Growth Rate (2017-2019)
Figure Russia Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Italy Remittance Growth Rate (2017-2019)
Figure Italy Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Rest of Europe Remittance Growth Rate (2017-2019)
Figure Rest of Europe Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Asia-Pacific Remittance Growth Rate (2017-2019)
Figure Asia-Pacific Remittance Revenue and Growth Rate (2017-2019)
Figure Asia-Pacific Remittance by Countries (2017-2019)
Figure Asia-Pacific Remittance Revenue (Million USD) by Countries (2017-2019)
Figure China Remittance Growth Rate (2017-2019)
Figure China Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Japan Remittance Growth Rate (2017-2019)
Figure Japan Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Korea Remittance Growth Rate (2017-2019)
Figure Korea Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure India Remittance Growth Rate (2017-2019)
Figure India Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Southeast Asia Remittance Growth Rate (2017-2019)
Figure Southeast Asia Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Rest of Asia-Pacific Remittance Growth Rate (2017-2019)
Figure Rest of Asia-Pacific Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure South America Remittance Growth Rate (2017-2019)
Figure South America Remittance Revenue and Growth Rate (2017-2019)
Figure South America Remittance by Countries (2017-2019)
Figure South America Remittance Revenue (Million USD) by Countries (2017-2019)
Figure Brazil Remittance Growth Rate (2017-2019)
Figure Brazil Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Argentina Remittance Growth Rate (2017-2019)
Figure Argentina Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Columbia Remittance Growth Rate (2017-2019)
Figure Columbia Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Rest of South America Remittance Growth Rate (2017-2019)
Figure Rest of South America Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Middle East and Africa Remittance Growth Rate (2017-2019)
Figure Middle East and Africa Remittance Revenue and Growth Rate (2017-2019)
Figure Middle East and Africa Remittance by Countries (2017-2019)
Figure Middle East and Africa Remittance Revenue (Million USD) by Countries (2017-2019)
Figure Saudi Arabia Remittance Growth Rate (2017-2019)
Figure Saudi Arabia Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure United Arab Emirates Remittance Growth Rate (2017-2019)
Figure United Arab Emirates Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Egypt Remittance Growth Rate (2017-2019)
Figure Egypt Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Nigeria Remittance Growth Rate (2017-2019)
Figure Nigeria Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure South Africa Remittance Growth Rate (2017-2019)
Figure South Africa Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Turkey Remittance Growth Rate (2017-2019)
Figure Turkey Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Figure Rest of Middle East and Africa Remittance Growth Rate (2017-2019)
Figure Rest of Middle East and Africa Remittance Revenue (Millions USD) and Growth Rate (2017-2019)
Table Bank of America Remittance Financial Overview
Table Citigroup Inc. Remittance Financial Overview
Table JPMorgan Chase & Co. Remittance Financial Overview
Table MoneyGram International, Inc. Remittance Financial Overview
Table RIA Financial Services Ltd. Remittance Financial Overview
Table TransferWise Ltd. Remittance Financial Overview
Table UAE Exchange Remittance Financial Overview
Table Wells Fargo Remittance Financial Overview
Table Western Union Holdings Inc. Remittance Financial Overview
Table XOOM Remittance Financial Overview
Figure Global Remittance Revenue (Millions USD) and Growth Rate (2019-2027)
Table Remittance Market Forecast by Regions (2019-2027)
Figure North America Remittance Market Forecast (2019-2027)
Figure United States Remittance Market Forecast (2019-2027)
Figure Canada Remittance Market Forecast (2019-2027)
Figure Mexico Remittance Market Forecast (2019-2027)
Figure Europe Remittance Market Forecast (2019-2027)
Figure Germany Remittance Market Forecast (2019-2027)
Figure France Remittance Market Forecast (2019-2027)
Figure UK Remittance Market Forecast (2019-2027)
Figure Russia Remittance Market Forecast (2019-2027)
Figure Italy Remittance Market Forecast (2019-2027)
Figure Rest of Europe Remittance Market Forecast (2019-2027)
Figure Asia-Pacific Remittance Market Forecast (2019-2027)
Figure China Remittance Market Forecast (2019-2027)
Figure Japan Remittance Market Forecast (2019-2027)
Figure Korea Remittance Market Forecast (2019-2027)
Figure India Remittance Market Forecast (2019-2027)
Figure Southeast Asia Remittance Market Forecast (2019-2027)
Figure Rest of Asia-Pacific Remittance Market Forecast (2019-2027)
Figure South America Remittance Market Forecast (2019-2027)
Figure Brazil Remittance Market Forecast (2019-2027)
Figure Argentina Remittance Market Forecast (2019-2027)
Figure Columbia Remittance Market Forecast (2019-2027)
Figure Rest of South America Remittance Market Forecast (2019-2027)
Figure Middle East and Africa Remittance Market Forecast (2019-2027)
Figure Saudi Arabia Remittance Market Forecast (2019-2027)
Figure United Arab Emirates Remittance Market Forecast (2019-2027)
Figure Egypt Remittance Market Forecast (2019-2027)
Figure Nigeria Remittance Market Forecast (2019-2027)
Figure South Africa Remittance Market Forecast (2019-2027)
Figure Turkey Remittance Market Forecast (2019-2027)
Figure Rest of Middle East and Africa Remittance Market Forecast (2019-2027)
Figure Global Remittance Forecast by Type (2019-2027)
Figure Global Remittance Market Share Forecast by Type (2019-2027)
Figure Global Remittance Forecast by Type (2019-2027)
Figure Global Remittance Forecast by Applications (2019-2027)
Figure Global Remittance Market Share Forecast by Applications (2019-2027)
Figure Global Remittance Forecast by Applications (2019-2027)

Please Note: Data related to the Companies are subject to Availability.

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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

Data Collection Matrix	Supply Side	Demand Side
Primary Data Sources	Manufacturers Distributors & Wholesalers GPOs	Physicians/Specialist Healthcare Providers Consumers
Secondary Data Sources	Annual Reports/SEC Filings/ Investor Presentations/ Press Releases Government/Associations Publications	Case Studies Reference Customers

 

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

Qualitative Data	Quantitative Data (2017-2025)
Market Dynamics (Drivers, Restraints, and Challenges) Industry Trend Analysis Market Opportunities Government Policies and Regulations, Patent Analysis, and Reimbursement Policies Porter’s Five Forces and PESTLE Analysis Key Developments and Competitive Landscape	Market Assessment and Forecast Market Assessment and Forecast, By Product Market Assessment and Forecast, By Technology Market Assessment and Forecast, By Application Market Assessment and Forecast, By End User Market Assessment and Forecast, By Region/Country