Rfid Printers Market By Product Type (industrial Rfid Printers, Desktop Rfid Printers, Mobile Rfid Printers), Printing Technology (thermal Transfer And Direct Thermal) And Application (healthcare, Transportation, Manufacturing, Retail, Other Applications) - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 182 Category: Sensors & Controls Report Code : SE061059
Industry Outlook and Trend Analysis
The RFID Printers Market was worth USD 0.86 billion in 2017 and is expected to reach approximately USD 1.94 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.63% during the forecast period. The RFID printers are broadly utilized in various sectors, for example, shrewd mining segment, human services, server farms, and development industry. A standout amongst the most conspicuous clients of RFID printers is the social insurance division. RFID innovation can be utilized as a part of apparatus or hardware aiding the compelling recognizable proof of an area and enhances the utilization and effectiveness of costly and remarkable hardware or gear. Additionally, the RFID labels can likewise be utilized on patients. As of now, various healing centres utilize standardized identifications to make novel IDs. This will help in keeping up a record of the therapeutic history of patients. Applications like these will drive the development of the market amid the conjecture time frame.
Drivers & Restrains
The worldwide RFID printers market is relied upon to ascend at a hearty rate, because of an unmistakable sign of the conjecture towards developing reliance of ventures on RFID labels. An expanding interest for appropriation of RFID labels is seen over a few businesses, for example, managing an account and human services, for following funds and items. Expanding interest for RFID labels is related with the advantages joined by them, for example, moderately less expensive in cost as it does not have silicon chip and does not require any support, its application in managing an account card and e-Identification, and so forth. As per survey, retail industry is required to hold a most extreme esteem share in the worldwide RFID market and is additionally anticipated that would multiply in the coming years, amid the gauge time frame. The market is likewise foreseen to have better development prospects and develop at a higher rate in China contrasted with different locales.
Regional Outlook and Trend Analysis
North America is expected to show highest growth over the forecast period. The long haul development prospects in South America and the interest for RFID arrangements in the retail and human services areas will drive the development of the market in that district. Moreover, the expanded prevalence of brilliant enterprises that join RFID systems into their inventory network administration, will likewise build the interest for the RFID printers in the Americas.
Competitive Insights
The leading players in the market include Zebra Technologies Corporation, Honeywell International Inc., SATO Holdings, Toshiba Tec Corporation, Printronix Inc. and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The RFID Printers Market is segmented as follows-
By Product Type:
- Desktop RFID Printers
- Industrial RFID Printers
- Mobile RFID Printers
By Printing Type:
- Direct Thermal
- Thermal Transfer
By Application:
- Manufacturing
- Transportation
- Retail
- Healthcare
- Other Industries
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
· RFID Printers Market, By Product Type, Estimates and Forecast, 2014-2023($Billion)
o Industrial RFID Printers
o Desktop RFID Printers
o Mobile RFID Printers
· RFID Printers Market, By Printing Technology, Estimates and Forecast, 2014-2023($Billion)
o Thermal Transfer
o Direct Thermal
· RFID Printers Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Healthcare
o Transportation
o Manufacturing
o Retail
o Other Applications
· RFID Printers Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America RFID Printers Market, By Country
o U.S. RFID Printers Market
o Canada RFID Printers Market
o Mexico RFID Printers Market
o Europe
§ Europe RFID Printers Market, By Country
o Germany RFID Printers Market
o UK RFID Printers Market
o France RFID Printers Market
o Russia RFID Printers Market
o Italy RFID Printers Market
o Rest of Europe RFID Printers Market
o Asia-Pacific
§ Asia-Pacific RFID Printers Market, By Country
o China RFID Printers Market
o Japan RFID Printers Market
o South Korea RFID Printers Market
o India RFID Printers Market
o Southeast Asia RFID Printers Market
o Rest of Asia-Pacific RFID Printers Market
o South America
§ South America RFID Printers Market
o Brazil RFID Printers Market
o Argentina RFID Printers Market
o Columbia RFID Printers Market
o South Africa RFID Printers Market
o Rest of South America RFID Printers Market
o Middle East and Africa
§ Middle East and Africa RFID Printers Market
o Saudi Arabia RFID Printers Market
o UAE RFID Printers Market
o Egypt RFID Printers Market
o Nigeria RFID Printers Market
o South Africa RFID Printers Market
o Rest of MEA RFID Printers Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. RFID Printers Market, By Product Type
5.1. Introduction
5.2. Global RFID Printers Sales, Revenue and Market Share by Product Type (2017-2027)
5.2.1. Global RFID Printers Sales and Sales Share by Product Type (2017-2027)
5.2.2. Global RFID Printers Revenue and Revenue Share by Product Type (2017-2027)
5.3. Industrial RFID Printers
5.3.1. Global Industrial RFID Printers Sales and Growth Rate (2017-2027)
5.4. Desktop RFID Printers
5.4.1. Global Desktop RFID Printers Sales and Growth Rate (2017-2027)
5.5. Mobile RFID Printers
5.5.1. Global Mobile RFID Printers Sales and Growth Rate (2017-2027)
6. RFID Printers Market, By Printing Technology
6.1. Introduction
6.2. Global RFID Printers Sales, Revenue and Market Share by Printing Technology (2017-2027)
6.2.1. Global RFID Printers Sales and Sales Share by Printing Technology (2017-2027)
6.2.2. Global RFID Printers Revenue and Revenue Share by Printing Technology (2017-2027)
6.3. Thermal Transfer
6.3.1. Global Thermal Transfer Sales and Growth Rate (2017-2027)
6.4. Direct Thermal
6.4.1. Global Direct Thermal Sales and Growth Rate (2017-2027)
7. RFID Printers Market, By Application
7.1. Introduction
7.2. Global RFID Printers Sales, Revenue and Market Share by Application (2017-2027)
7.2.1. Global RFID Printers Sales and Sales Share by Application (2017-2027)
7.2.2. Global RFID Printers Revenue and Revenue Share by Application (2017-2027)
7.3. Healthcare
7.3.1. Global Healthcare Sales and Growth Rate (2017-2027)
7.4. Transportation
7.4.1. Global Transportation Sales and Growth Rate (2017-2027)
7.5. Manufacturing
7.5.1. Global Manufacturing Sales and Growth Rate (2017-2027)
7.6. Retail
7.6.1. Global Retail Sales and Growth Rate (2017-2027)
7.7. Other Applications
7.7.1. Global Other Applications Sales and Growth Rate (2017-2027)
8. RFID Printers Market, By Region
8.1. Introduction
8.2. Global RFID Printers Sales, Revenue and Market Share by Regions
8.2.1. Global RFID Printers Sales by Regions (2017-2027)
8.2.2. Global RFID Printers Revenue by Regions (2017-2027)
8.3. North America RFID Printers by Countries
8.3.1. North America RFID Printers Sales and Growth Rate (2017-2027)
8.3.2. North America RFID Printers Revenue and Growth Rate (2017-2027)
8.3.3. North America RFID Printers Sales by Countries (2017-2027)
8.3.4. North America RFID Printers Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States RFID Printers Sales and Growth Rate (2017-2027)
8.3.5.2. United States RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada RFID Printers Sales and Growth Rate (2017-2027)
8.3.6.2. Canada RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico RFID Printers Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe RFID Printers by Countries
8.4.1. Europe RFID Printers Sales and Growth Rate (2017-2027)
8.4.2. Europe RFID Printers Revenue and Growth Rate (2017-2027)
8.4.3. Europe RFID Printers Sales by Countries (2017-2027)
8.4.4. Europe RFID Printers Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany RFID Printers Sales and Growth Rate (2017-2027)
8.4.5.2. Germany RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK RFID Printers Sales and Growth Rate (2017-2027)
8.4.6.2. UK RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France RFID Printers Sales and Growth Rate (2017-2027)
8.4.7.2. France RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia RFID Printers Sales and Growth Rate (2017-2027)
8.4.8.2. Russia RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy RFID Printers Sales and Growth Rate (2017-2027)
8.4.9.2. Italy RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe RFID Printers Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific RFID Printers Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific RFID Printers Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific RFID Printers Sales by Countries (2017-2027)
8.5.4. Asia-Pacific RFID Printers Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China RFID Printers Sales and Growth Rate (2017-2027)
8.5.5.2. China RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan RFID Printers Sales and Growth Rate (2017-2027)
8.5.6.2. Japan RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea RFID Printers Sales and Growth Rate (2017-2027)
8.5.7.2. Korea RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India RFID Printers Sales and Growth Rate (2017-2027)
8.5.8.2. India RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia RFID Printers Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific RFID Printers Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America RFID Printers Sales and Growth Rate (2017-2027)
8.6.2. South America RFID Printers Revenue and Growth Rate (2017-2027)
8.6.3. South America RFID Printers Sales by Countries (2017-2027)
8.6.4. South America RFID Printers Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil RFID Printers Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina RFID Printers Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia RFID Printers Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America RFID Printers Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa RFID Printers Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa RFID Printers Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa RFID Printers Sales by Countries (2017-2027)
8.7.4. Middle East and Africa RFID Printers Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia RFID Printers Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates RFID Printers Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt RFID Printers Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria RFID Printers Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa RFID Printers Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa RFID Printers 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 RFID Printers Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa RFID Printers Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Honeywell International 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. Toshiba Tec Corporation
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. Zebra Technologies Corporation
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. Avery Dennsion Corporation
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. BOCA Systems
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. Lexmark
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. Printronix 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. GODEX INTERNATIONAL CO., LTD.
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. Panasonic Corporation
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. Nvidia Corporation
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
9.11. Ignite Technologies, Inc.
9.11.1. Business Overview
9.11.2. Product Portfolio
9.11.3. Strategic Developments
9.11.4. Sales, Revenue and Market Share
10. Global RFID Printers Market Competition, by Manufacturer
10.1. Global RFID Printers Sales and Market Share by Manufacturer (2017-2017)
10.2. Global RFID Printers Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global RFID Printers Price by Region (2017-2017)
10.4. Top 5 RFID Printers Manufacturer Market Share
10.5. Market Competition Trend
11. RFID Printers Market Forecast (2027-2023)
11.1. Global RFID Printers Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. RFID Printers Market Forecast by Regions (2027-2023)
11.2.1. North America RFID Printers Market Forecast (2027-2023)
11.2.1.1. United States RFID Printers Market Forecast (2027-2023)
11.2.1.2. Canada RFID Printers Market Forecast (2027-2023)
11.2.1.3. Mexico RFID Printers Market Forecast (2027-2023)
11.2.2. Europe RFID Printers Market Forecast (2027-2023)
11.2.2.1. Germany RFID Printers Market Forecast (2027-2023)
11.2.2.2. United Kingdom RFID Printers Market Forecast (2027-2023)
11.2.2.3. France RFID Printers Market Forecast (2027-2023)
11.2.2.4. Russia RFID Printers Market Forecast (2027-2023)
11.2.2.5. Italy RFID Printers Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe RFID Printers Market Forecast (2027-2023)
11.2.3. Asia-Pacific RFID Printers Market Forecast (2027-2023)
11.2.3.1. China RFID Printers Market Forecast (2027-2023)
11.2.3.2. Japan RFID Printers Market Forecast (2027-2023)
11.2.3.3. Korea RFID Printers Market Forecast (2027-2023)
11.2.3.4. India RFID Printers Market Forecast (2027-2023)
11.2.3.5. Southeast Asia RFID Printers Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific RFID Printers Market Forecast (2027-2023)
11.2.4. South America RFID Printers Market Forecast (2027-2023)
11.2.4.1. Brazil RFID Printers Market Forecast (2027-2023)
11.2.4.2. Argentina RFID Printers Market Forecast (2027-2023)
11.2.4.3. Columbia RFID Printers Market Forecast (2027-2023)
11.2.4.4. Rest of South America RFID Printers Market Forecast (2027-2023)
11.2.5. Middle East and Africa RFID Printers Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia RFID Printers Market Forecast (2027-2023)
11.2.5.2. UAE RFID Printers Market Forecast (2027-2023)
11.2.5.3. Egypt RFID Printers Market Forecast (2027-2023)
11.2.5.4. Nigeria RFID Printers Market Forecast (2027-2023)
11.2.5.5. South Africa RFID Printers Market Forecast (2027-2023)
11.2.5.6. Rest of MEA RFID Printers Market Forecast (2027-2023)
11.3. RFID Printers Market Forecast by Product Type (2027-2023)
11.3.1. Global RFID Printers Sales Forecast by Product Type (2027-2023)
11.3.2. Global RFID Printers Sales Market Share Forecast by Product Type (2027-2023)
11.4. RFID Printers Market Forecast by Printing Technology (2027-2023)
11.4.1. Global RFID Printers Sales Forecast by Printing Technology (2027-2023)
11.4.2. Global RFID Printers Sales Market Share Forecast by Printing Technology (2027-2023)
11.5. RFID Printers Market Forecast by Application (2027-2023)
11.5.1. Global RFID Printers Sales Forecast by Application (2027-2023)
11.5.2. Global RFID Printers Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of RFID Printers 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
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
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) |
|
|