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Sand Control Systems Market By Technique, Application & Welltype- Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Semiconductor Materials & Components Report Code : SE061000
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Sand Control Systems Market by Technique (Onshore and Offshore), Technique (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, Other Techniques), Well Type (Cased Hole and Open Hole) Forecast 2017 to 2023
Industry Outlook and Trend Analysis
The Sand Control Systems Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. In the midst of fluctuating unrefined petroleum costs, worldwide sand control system market is picking up from the focal point of oil creating organizations to help generation of dynamic oilfields. Oil makers are competing to join propelled generation gear, for example, sand control frameworks to boost creation. For example, in the U.S., oil creating organizations have embraced activities to upgrade the effectiveness and work life of oil rigs.
Application Outlook and Trend Analysis
The onshore sub-segment of the application section drove the sand control system market in 2017 and is anticipated to command the market amid the figure time frame. Presence of immense coastal oil and gas wells and expanded reliance on traditional oil and gas are the main considerations for biggest share of the overall industry of the onshore section in the sand control system market.
Technique Outlook and Trend Analysis
The gravel pack sub-segment of the technique segment drove the sand system frameworks market in 2017 and is anticipated to command the market amid the conjecture time frame. Expanding penetrating of ordinary oil and gas fields in inland districts over the world is the key explanation behind biggest piece of the pie of gravel pack section in 2022. The inflow control devices section is relied upon to develop at the speediest rate amid the gauge time frame. Expanding life expectancy of the well and lessening the use are the principle factors driving the inflow control method portion in the sand control system market.
Regional Outlook and Trend Analysis
The market in Asia Pacific drove the worldwide sand control system market in 2017. Developing economy of creating nations, for example, Australia and China, developing administrative help in oil and gas industry, and expanding private ventures to help new penetrating exercises are relied upon to drive the sand control system market in Asia Pacific.
Competitive Insights
The leading players in the market are Baker Hughes (US), Halliburton (US), Schlumberger (US), Weatherford (Switzerland), and National Oilwell Varco (US), among others. Application advancement and modified products are anticipated to be the key parameter for being focused in this industry, with visit joint endeavors, mergers, and acquisitions being embraced as an endeavor to broaden product portfolio and pick up piece of the overall industry.
The Sand Control Systems Market is region-wise segmented as follows-
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
· Sand Control Systems Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Onshore
o Offshore
· Sand Control Systems Market, By Technique, Estimates and Forecast, 2014-2023($Billion)
o Gravel Pack
o Frac Pack
o Sand Screens
o Inflow Control Devices
o Other Techniques
· Sand Control Systems Market, By Well Type, Estimates and Forecast, 2014-2023($Billion)
o Cased Hole
o Open Hole
· Sand Control Systems Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Sand Control Systems Market, By Country
o U.S. Sand Control Systems Market
o Canada Sand Control Systems Market
o Mexico Sand Control Systems Market
o Europe
§ Europe Sand Control Systems Market, By Country
o Germany Sand Control Systems Market
o UK Sand Control Systems Market
o France Sand Control Systems Market
o Russia Sand Control Systems Market
o Italy Sand Control Systems Market
o Rest of Europe Sand Control Systems Market
o Asia-Pacific
§ Asia-Pacific Sand Control Systems Market, By Country
o China Sand Control Systems Market
o Japan Sand Control Systems Market
o South Korea Sand Control Systems Market
o India Sand Control Systems Market
o Southeast Asia Sand Control Systems Market
o Rest of Asia-Pacific Sand Control Systems Market
o South America
§ South America Sand Control Systems Market
o Brazil Sand Control Systems Market
o Argentina Sand Control Systems Market
o Columbia Sand Control Systems Market
o South Africa Sand Control Systems Market
o Rest of South America Sand Control Systems Market
o Middle East and Africa
§ Middle East and Africa Sand Control Systems Market
o Saudi Arabia Sand Control Systems Market
o UAE Sand Control Systems Market
o Egypt Sand Control Systems Market
o Nigeria Sand Control Systems Market
o South Africa Sand Control Systems Market
o Rest of MEA Sand Control Systems 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
3.2.1.1. Growing Number of Wells Drilled
3.2.1.2. High Day Rates of Offshore Rigs
3.2.2. Restraints
3.2.2.1. Large Stockpiles of Crude Oil
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. Sand Control Systems Market, By Application
5.1. Introduction
5.2. Global Sand Control Systems Sales, Revenue and Market Share by Application (2017-2027)
5.2.1. Global Sand Control Systems Sales and Sales Share by Application (2017-2027)
5.2.2. Global Sand Control Systems Revenue and Revenue Share by Application (2017-2027)
5.3. Onshore
5.3.1. Global Onshore Sales and Growth Rate (2017-2027)
5.4. Offshore
5.4.1. Global Offshore Sales and Growth Rate (2017-2027)
6. Sand Control Systems Market, By Technique
6.1. Introduction
6.2. Global Sand Control Systems Sales, Revenue and Market Share by Technique (2017-2027)
6.2.1. Global Sand Control Systems Sales and Sales Share by Technique (2017-2027)
6.2.2. Global Sand Control Systems Revenue and Revenue Share by Technique (2017-2027)
6.3. Gravel Pack
6.3.1. Global Gravel Pack Sales and Growth Rate (2017-2027)
6.4. Frac Pack
6.4.1. Global Frac Pack Sales and Growth Rate (2017-2027)
6.5. Sand Screens
6.5.1. Global Sand Screens Sales and Growth Rate (2017-2027)
6.6. Inflow Control Devices
6.6.1. Global Inflow Control Devices Sales and Growth Rate (2017-2027)
6.7. Other Techniques
6.7.1. Global Other Techniques Sales and Growth Rate (2017-2027)
7. Sand Control Systems Market, By Well Type
7.1. Introduction
7.2. Global Sand Control Systems Sales, Revenue and Market Share by Well Type (2017-2027)
7.2.1. Global Sand Control Systems Sales and Sales Share by Well Type (2017-2027)
7.2.2. Global Sand Control Systems Revenue and Revenue Share by Well Type (2017-2027)
7.3. Cased Hole
7.3.1. Global Cased Hole Sales and Growth Rate (2017-2027)
7.4. Open Hole
7.4.1. Global Open Hole Sales and Growth Rate (2017-2027)
8. Sand Control Systems Market, By Region
8.1. Introduction
8.2. Global Sand Control Systems Sales, Revenue and Market Share by Regions
8.2.1. Global Sand Control Systems Sales by Regions (2017-2027)
8.2.2. Global Sand Control Systems Revenue by Regions (2017-2027)
8.3. North America Sand Control Systems by Countries
8.3.1. North America Sand Control Systems Sales and Growth Rate (2017-2027)
8.3.2. North America Sand Control Systems Revenue and Growth Rate (2017-2027)
8.3.3. North America Sand Control Systems Sales by Countries (2017-2027)
8.3.4. North America Sand Control Systems Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Sand Control Systems Sales and Growth Rate (2017-2027)
8.3.5.2. United States Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Sand Control Systems Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Sand Control Systems Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Sand Control Systems Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Sand Control Systems by Countries
8.4.1. Europe Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.2. Europe Sand Control Systems Revenue and Growth Rate (2017-2027)
8.4.3. Europe Sand Control Systems Sales by Countries (2017-2027)
8.4.4. Europe Sand Control Systems Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.6.2. UK Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.7.2. France Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Sand Control Systems Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Sand Control Systems Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Sand Control Systems Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Sand Control Systems Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.5.2. China Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.8.2. India Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Sand Control Systems Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Sand Control Systems Sales and Growth Rate (2017-2027)
8.6.2. South America Sand Control Systems Revenue and Growth Rate (2017-2027)
8.6.3. South America Sand Control Systems Sales by Countries (2017-2027)
8.6.4. South America Sand Control Systems Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Sand Control Systems Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Sand Control Systems Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Sand Control Systems Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Sand Control Systems Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Sand Control Systems Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Sand Control Systems Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Sand Control Systems Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Sand Control Systems 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 Sand Control Systems Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Sand Control Systems Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Schlumberger
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. Weatherford
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. Halliburton
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. National Oilwell Varco
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. Baker Hughes, A Ge Company
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. Dialog
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. Interwell
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. Mitchell
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. Oil States International
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. Packers Plus
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Sand Control Systems Market Competition, by Manufacturer
10.1. Global Sand Control Systems Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Sand Control Systems Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Sand Control Systems Price by Manufacturer (2017-2017)
10.4. Top 5 Sand Control Systems Manufacturer Market Share
10.5. Market Competition Trend
11. Sand Control Systems Market Forecast (2027-2023)
11.1. Global Sand Control Systems Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Sand Control Systems Market Forecast by Regions (2027-2023)
11.2.1. North America Sand Control Systems Market Forecast (2027-2023)
11.2.1.1. United States Sand Control Systems Market Forecast (2027-2023)
11.2.1.2. Canada Sand Control Systems Market Forecast (2027-2023)
11.2.1.3. Mexico Sand Control Systems Market Forecast (2027-2023)
11.2.2. Europe Sand Control Systems Market Forecast (2027-2023)
11.2.2.1. Germany Sand Control Systems Market Forecast (2027-2023)
11.2.2.2. United Kingdom Sand Control Systems Market Forecast (2027-2023)
11.2.2.3. France Sand Control Systems Market Forecast (2027-2023)
11.2.2.4. Russia Sand Control Systems Market Forecast (2027-2023)
11.2.2.5. Italy Sand Control Systems Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Sand Control Systems Market Forecast (2027-2023)
11.2.3. Asia-Pacific Sand Control Systems Market Forecast (2027-2023)
11.2.3.1. China Sand Control Systems Market Forecast (2027-2023)
11.2.3.2. Japan Sand Control Systems Market Forecast (2027-2023)
11.2.3.3. Korea Sand Control Systems Market Forecast (2027-2023)
11.2.3.4. India Sand Control Systems Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Sand Control Systems Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Sand Control Systems Market Forecast (2027-2023)
11.2.4. South America Sand Control Systems Market Forecast (2027-2023)
11.2.4.1. Brazil Sand Control Systems Market Forecast (2027-2023)
11.2.4.2. Argentina Sand Control Systems Market Forecast (2027-2023)
11.2.4.3. Columbia Sand Control Systems Market Forecast (2027-2023)
11.2.4.4. Rest of South America Sand Control Systems Market Forecast (2027-2023)
11.2.5. Middle East and Africa Sand Control Systems Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Sand Control Systems Market Forecast (2027-2023)
11.2.5.2. UAE Sand Control Systems Market Forecast (2027-2023)
11.2.5.3. Egypt Sand Control Systems Market Forecast (2027-2023)
11.2.5.4. Nigeria Sand Control Systems Market Forecast (2027-2023)
11.2.5.5. South Africa Sand Control Systems Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Sand Control Systems Market Forecast (2027-2023)
11.3. Sand Control Systems Market Forecast by Application (2027-2023)
11.3.1. Global Sand Control Systems Sales Forecast by Application (2027-2023)
11.3.2. Global Sand Control Systems Sales Market Share Forecast by Application (2027-2023)
11.4. Sand Control Systems Market Forecast by Technique (2027-2023)
11.4.1. Global Sand Control Systems Sales Forecast by Technique (2027-2023)
11.4.2. Global Sand Control Systems Sales Market Share Forecast by Technique (2027-2023)
11.5. Sand Control Systems Market Forecast by Well Type (2027-2023)
11.5.1. Global Sand Control Systems Sales Forecast by Well Type (2027-2023)
11.5.2. Global Sand Control Systems Sales Market Share Forecast by Well Type (2027-2023)
List of Tables
(*You can glance through the list of Tables and Figures when you view the sample copy of Sand Control Systems 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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