Respiratory Care Device Market By Type (therapeutic Device, Diagnostic And Monitoring Device And Accessories And Consumables) And End User (hospital, Home Care, Other End Users) - Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071119
Industry Outlook and Trend Analysis
Respiratory Care Devices Market was worth USD 14.09 billion in 2017 and is expected to reach approximately USD 31.94 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.52% during the forecast period. Respiratory care devices fall under the classification of therapeutic devices that are utilized for management, treatment, evaluation, control, diagnostic and care of patients with an irregularity in the cardiopulmonary system. These devices are useful in degenerative lung sicknesses, for example, asthma and emphysema, chronic bronchitis and chronic respiratory infections. The market is developing substantially attributable to the expansion in the chronic obstructive pulmonary illnesses (COPD). The respiratory care devices are utilized in both hospital settings and homecare. The respiratory devices have moved from being stationary to compact. There has been an expansion in the adoption of portable devices.
Drivers and Restraints
The healthcare cost is expanding over the globe, inferable from the expanding pervasiveness of infections and expanding government and non-government activities. As indicated by the WHO, the aggregate medicinal services expenditure is expanding comprehensively, which is prompting the change in healthcare infrastructure. This expansion in healthcare expense prompts increment in reasonableness and availability of the treatment and determination for various medical conditions. Different governments in various nations are contributing a substantial part of their GDP for healthcare. Despite the fact that, there are immense varieties among the healthcare expenditure of various nations, healthcare has been one of the essential target for all. Moreover, per capita healthcare spending in emerging nations is growing because of the expanding government activities. However, the existence of local manufacturers in respiratory care device industry are may hinder the development of the market.
Market Segmentation
The Respiratory Care Devices market is segmented on the basis of type and end user. Based on type the market is segmented into Diagnostic and Monitoring Device, Therapeutic Device, Accessories and Consumables out of which therapeutic devices portion holds the biggest share in the market with over 65% of the total market share. Due to the better innovation progression in this section, therapeutic devices are anticipated to develop at a quicker CAGR amid the figure time frame. Based on end user the market is segmented into Hospitals, Home Care and the others.
Regional Outlook and Trend Analysis
The respiratory care devices market is overwhelmed by the Europe took after by North America. The aspects that are adding to this development incorporate the expansive pool of respiratory disease patients owing to lifestyle, for example, smoking and alcohol consumption, significantly developed health care infrastructure and accessibility of skilled staff to work the progressed respiratory devices. The Asia Pacific locale is additionally developing fundamentally. The aspects, for example, growing health care infrastructure and the expanding discretionary income are driving the market development.
Competitive Insights
The leading players in the market are General Electric, Philips, Hamilton Medical, Medtronic, ResMed and Masimo. 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 Respiratory Care Devices Market is segmented as follows-
By Type
- Diagnostic and Monitoring Device
- Therapeutic Device
- Accessories and Consumables
By End User
- Home Care
- Hospitals
- 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
· Respiratory Care Device Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
· Therapeutic Device
· Diagnostic and Monitoring Device
· Accessories and Consumables
· Respiratory Care Device Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Hospital
· Home Care
· Other End Users
· Respiratory Care Device Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Respiratory Care Device Market, By Country
o U.S. Respiratory Care Device Market
o Canada Respiratory Care Device Market
o Mexico Respiratory Care Device Market
· Europe
§ Europe Respiratory Care Device Market, By Country
o Germany Respiratory Care Device Market
o UK Respiratory Care Device Market
o France Respiratory Care Device Market
o Russia Respiratory Care Device Market
o Italy Respiratory Care Device Market
o Rest of Europe Respiratory Care Device Market
· Asia-Pacific
§ Asia-Pacific Respiratory Care Device Market, By Country
o China Respiratory Care Device Market
o Japan Respiratory Care Device Market
o South Korea Respiratory Care Device Market
o India Respiratory Care Device Market
o Southeast Asia Respiratory Care Device Market
o Rest of Asia-Pacific Respiratory Care Device Market
· South America
§ South America Respiratory Care Device Market
o Brazil Respiratory Care Device Market
o Argentina Respiratory Care Device Market
o Columbia Respiratory Care Device Market
o South Africa Respiratory Care Device Market
o Rest of South America Respiratory Care Device Market
· Middle East and Africa
§ Middle East and Africa Respiratory Care Device Market
o Saudi Arabia Respiratory Care Device Market
o UAE Respiratory Care Device Market
o Egypt Respiratory Care Device Market
o Nigeria Respiratory Care Device Market
o South Africa Respiratory Care Device Market
o Rest of MEA Respiratory Care Device 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. Respiratory Care Device Market, By Type
5.1. Introduction
5.2. Global Respiratory Care Device Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Respiratory Care Device Sales and Sales Share by Type (2017-2027)
5.2.2. Global Respiratory Care Device Revenue and Revenue Share by Type (2017-2027)
5.3. Diagnostic and Monitoring Device
5.3.1. Global Diagnostic and Monitoring Device Sales and Growth Rate (2017-2027)
5.4. Therapeutic Device
5.4.1. Global Therapeutic Device Sales and Growth Rate (2017-2027)
5.5. Accessories and Consumables
5.5.1. Global Accessories and Consumables Sales and Growth Rate (2017-2027)
6. Respiratory Care Device Market, By End User
6.1. Introduction
6.2. Global Respiratory Care Device Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Respiratory Care Device Sales and Sales Share by End User (2017-2027)
6.2.2. Global Respiratory Care Device Revenue and Revenue Share by End User (2017-2027)
6.3. Hospital
6.3.1. Global Hospital Sales and Growth Rate (2017-2027)
6.4. Home Care
6.4.1. Global Home Care Sales and Growth Rate (2017-2027)
6.5. Other End Users
6.5.1. Global Other End Users Sales and Growth Rate (2017-2027)
7. Respiratory Care Device Market, By Region
7.1. Introduction
7.2. Global Respiratory Care Device Sales, Revenue and Market Share by Regions
7.2.1. Global Respiratory Care Device Sales by Regions (2017-2027)
7.2.2. Global Respiratory Care Device Revenue by Regions (2017-2027)
7.3. North America Respiratory Care Device by Countries
7.3.1. North America Respiratory Care Device Sales and Growth Rate (2017-2027)
7.3.2. North America Respiratory Care Device Revenue and Growth Rate (2017-2027)
7.3.3. North America Respiratory Care Device Sales by Countries (2017-2027)
7.3.4. North America Respiratory Care Device Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Respiratory Care Device Sales and Growth Rate (2017-2027)
7.3.5.2. United States Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Respiratory Care Device Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Respiratory Care Device Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Respiratory Care Device Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Respiratory Care Device by Countries
7.4.1. Europe Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.2. Europe Respiratory Care Device Revenue and Growth Rate (2017-2027)
7.4.3. Europe Respiratory Care Device Sales by Countries (2017-2027)
7.4.4. Europe Respiratory Care Device Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.6.2. UK Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.7.2. France Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Respiratory Care Device Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Respiratory Care Device Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Respiratory Care Device Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Respiratory Care Device Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.5.2. China Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.8.2. India Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Respiratory Care Device Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Respiratory Care Device Sales and Growth Rate (2017-2027)
7.6.2. South America Respiratory Care Device Revenue and Growth Rate (2017-2027)
7.6.3. South America Respiratory Care Device Sales by Countries (2017-2027)
7.6.4. South America Respiratory Care Device Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Respiratory Care Device Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Respiratory Care Device Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Respiratory Care Device Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Respiratory Care Device Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Respiratory Care Device Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Respiratory Care Device Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Respiratory Care Device Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Respiratory Care Device 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 Respiratory Care Device Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Respiratory Care Device Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Masimo Corporation
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. Becton Dickinson and Company
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. ResMed, Inc.
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. Drägerwerk AG & Co. KGaA
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. Medtronic PLC
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. Fisher and Paykel Healthcare Limited
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. Koninklijke Philips N.V.
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. Invacare Corporation
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. Hamilton Medical AG
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. General Electric Company
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 Respiratory Care Device Market Competition, by Manufacturer
9.1. Global Respiratory Care Device Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Respiratory Care Device Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Respiratory Care Device Price by Manufacturer (2017-2017)
9.4. Top 5 Respiratory Care Device Manufacturer Market Share
9.5. Market Competition Trend
10. Respiratory Care Device Market Forecast (2027-2023)
10.1. Global Respiratory Care Device Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Respiratory Care Device Market Forecast by Regions (2027-2023)
10.2.1. North America Respiratory Care Device Market Forecast (2027-2023)
10.2.1.1. United States Respiratory Care Device Market Forecast (2027-2023)
10.2.1.2. Canada Respiratory Care Device Market Forecast (2027-2023)
10.2.1.3. Mexico Respiratory Care Device Market Forecast (2027-2023)
10.2.2. Europe Respiratory Care Device Market Forecast (2027-2023)
10.2.2.1. Germany Respiratory Care Device Market Forecast (2027-2023)
10.2.2.2. United Kingdom Respiratory Care Device Market Forecast (2027-2023)
10.2.2.3. France Respiratory Care Device Market Forecast (2027-2023)
10.2.2.4. Russia Respiratory Care Device Market Forecast (2027-2023)
10.2.2.5. Italy Respiratory Care Device Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Respiratory Care Device Market Forecast (2027-2023)
10.2.3. Asia-Pacific Respiratory Care Device Market Forecast (2027-2023)
10.2.3.1. China Respiratory Care Device Market Forecast (2027-2023)
10.2.3.2. Japan Respiratory Care Device Market Forecast (2027-2023)
10.2.3.3. Korea Respiratory Care Device Market Forecast (2027-2023)
10.2.3.4. India Respiratory Care Device Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Respiratory Care Device Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Respiratory Care Device Market Forecast (2027-2023)
10.2.4. South America Respiratory Care Device Market Forecast (2027-2023)
10.2.4.1. Brazil Respiratory Care Device Market Forecast (2027-2023)
10.2.4.2. Argentina Respiratory Care Device Market Forecast (2027-2023)
10.2.4.3. Columbia Respiratory Care Device Market Forecast (2027-2023)
10.2.4.4. Rest of South America Respiratory Care Device Market Forecast (2027-2023)
10.2.5. Middle East and Africa Respiratory Care Device Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Respiratory Care Device Market Forecast (2027-2023)
10.2.5.2. UAE Respiratory Care Device Market Forecast (2027-2023)
10.2.5.3. Egypt Respiratory Care Device Market Forecast (2027-2023)
10.2.5.4. Nigeria Respiratory Care Device Market Forecast (2027-2023)
10.2.5.5. South Africa Respiratory Care Device Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Respiratory Care Device Market Forecast (2027-2023)
10.3. Respiratory Care Device Market Forecast by Type (2027-2023)
10.3.1. Global Respiratory Care Device Sales Forecast by Type (2027-2023)
10.3.2. Global Respiratory Care Device Sales Market Share Forecast by Type (2027-2023)
10.4. Respiratory Care Device Market Forecast by End User (2027-2023)
10.4.1. Global Respiratory Care Device Sales Forecast by End User (2027-2023)
10.4.2. Global Respiratory Care Device 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 Respiratory Care Device 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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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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