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Smart Speaker Market By Technology And Product - Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 155 Category: Next Generation Technology Report Code : CG06915

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Smart Speaker Market by Technology and Product- Global Industry Analysis and Forecast to 2023

Industry Outlook and Trend Analysis

The Smart Speaker Market was worth USD 0.64 billion in 2017 and is expected to reach approximately USD 9.02 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 34.15% during the forecast period. Internet of Things (IoT) is relied upon to be a central point for the development of the smart speaker market. The rising entrance of the web has stretched out to ordinary applications and has expanded the customer interest for shrewd gadgets that offer an extensive variety of functions. These gadgets are not restricted to the arrangement of sound and stimulation however have additionally stretched out their usefulness to incorporate an assortment of different applications, for example, critical thinking, live streaming of music and news, setting updates, and requesting of family unit supplies among others. Technological advancement, for example, coordination of virtual associate programming has cleared new pathways for the development of the smart speaker market. Virtual aides are anticipated to encounter high development amid the estimate time will also drive the market in the upcoming years. For example, Google Home is a voice enacted speaker that is controlled by Google Collaborator. It permits numerous client accesses with voice recognizing and acknowledgment abilities to offer a customized client encounter.

Drivers & Restrains

Wi-Fi devices are picking up footing in the worldwide smart speaker market environment as they empower an immediate association with the home system and enable the client to get to the web and give longer range. This is a main consideration contributing towards the development of the smart speaker market section. Moreover, virtual right hand programming cannot work without the entrance to the web. Notwithstanding, these are moderately more costly as they require ceaseless availability to function. Security issues are the main consideration controlling the ascent of the smart speaker market. An extensive number of these frameworks are created with a prime spotlight on tuning in to vocal charges. Thus, the web associated mouthpiece inside these frameworks can get on summon watchwords notwithstanding when the framework is not being utilized, inferable from which individual client information can be enrolled without the learning of the client. Moreover external sources can hack into the framework and concentrate secret data and utilize it for odious purposes, making it inclined to digital assaults.

Regional Outlook and Trend Analysis

North America region is expected to represent highest share in the upcoming years. Client centre around accommodation and slant towards the high appropriation of extravagance merchandise in the district is relied upon to fuel industry request. APAC industry income is relied upon to have high development amid the conjecture era. Low cost labour, diminishing crude material costs, and industry computerization patterns are anticipated to add to the business development. Also, in economies, for example, China and India, the rising entrance of LTE and 3G/4G joined with low utilization expenses will prompt high reception.

Competitive Insights

The leading players in the market are Google Corporation, Amazon, Terratec, Edifier, Samsung Electronics, Philips, JBL, and Sony Corporation 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 Smart Speakers Market is segmented as follows-

By Technology:

  • Bluetooth
  • Wi-Fi
  • NFC

By Product:

  • Single Room
  • Double Room
  • Multi Room

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

·         Smart Speaker Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)

·         Bluetooth

·         Wi-Fi

·         NFC

·         Smart Speaker Market, Product, Estimates and Forecast, 2014-2023 ($Million)

·         Single Room

·         Double-Room

·         Multi-Room

·         Smart Speaker Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Smart Speaker Market, By Country

o    U.S. Smart Speaker Market

o    Canada Smart Speaker Market

o    Mexico Smart Speaker Market

·         Europe

§  Europe Smart Speaker Market, By Country

o    Germany Smart Speaker Market

o    UK Smart Speaker Market

o    France Smart Speaker Market

o    Russia Smart Speaker Market

o    Italy Smart Speaker Market

o    Rest of Europe Smart Speaker Market

·         Asia-Pacific

§  Asia-Pacific Smart Speaker Market, By Country

o    China Smart Speaker Market

o    Japan Smart Speaker Market

o    South Korea Smart Speaker Market

o    India Smart Speaker Market

o    Southeast Asia Smart Speaker Market

o    Rest of Asia-Pacific Smart Speaker Market

·         South America

§  South America Smart Speaker Market

o    Brazil Smart Speaker Market

o    Argentina Smart Speaker Market

o    Columbia Smart Speaker Market

o    South Africa Smart Speaker Market

o    Rest of South America Smart Speaker Market

·         Middle East and Africa

§  Middle East and Africa Smart Speaker Market

o    Saudi Arabia Smart Speaker Market

o    UAE Smart Speaker Market

o    Egypt Smart Speaker Market

o    Nigeria Smart Speaker Market

o    South Africa Smart Speaker Market

o    Rest of MEA Smart Speaker 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.       Smart Speaker Market, By Technology

5.1.       Introduction

5.2.       Global Smart Speaker Sales, Revenue and Market Share by Technology (2017-2027)

5.2.1.  Global Smart Speaker Sales and Sales Share by Technology (2017-2027)

5.2.2.  Global Smart Speaker Revenue and Revenue Share by Technology (2017-2027)

5.3.       Bluetooth

5.3.1.  Global Bluetooth Sales and Growth Rate (2017-2027)

5.4.       Wi-Fi

5.4.1.  Global Wi-Fi Sales and Growth Rate (2017-2027)

5.5.       Super Market & Hyper Market

5.5.1.  Global Market & Hyper Market Sales and Growth Rate (2017-2027)

5.6.       NFC

5.6.1.  Global NFC Sales and Growth Rate (2017-2027)

5.7.       Others

5.7.1.  Global Others Sales and Growth Rate (2017-2027)

6.       Smart Speaker Market, By Product

6.1.       Introduction

6.2.       Global Smart Speaker Sales, Revenue and Market Share by Product  (2017-2027)

6.2.1.  Global Smart Speaker Sales and Sales Share by Product  (2017-2027)

6.2.2.  Global Smart Speaker Revenue and Revenue Share by Product  (2017-2027)

6.3.       Single-room speakers

6.3.1.  Global Single-room speakers Sales and Growth Rate (2017-2027)

6.4.       Double-room speakers

6.4.1.  Global Double-room speakers Sales and Growth Rate (2017-2027)

6.5.       Multi-room speakers

6.5.1.  Global Multi-room speakers Sales and Growth Rate (2017-2027)

7.       Smart Speaker Market, By Region

7.1.       Introduction

7.2.       Global Smart Speaker Sales, Revenue and Market Share by Regions

7.2.1.  Global Smart Speaker Sales by Regions (2017-2027)

7.2.2.  Global Smart Speaker Revenue by Regions (2017-2027)

7.3.       North America Smart Speaker by Countries

7.3.1.  North America Smart Speaker Sales and Growth Rate (2017-2027)

7.3.2.  North America Smart Speaker Revenue and Growth Rate (2017-2027)

7.3.3.  North America Smart Speaker Sales by Countries (2017-2027)

7.3.4.  North America Smart Speaker Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Smart Speaker Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Smart Speaker Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Smart Speaker Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Smart Speaker by Countries

7.4.1.  Europe Smart Speaker Sales and Growth Rate (2017-2027)

7.4.2.  Europe Smart Speaker Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Smart Speaker Sales by Countries (2017-2027)

7.4.4.  Europe Smart Speaker Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Smart Speaker Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Smart Speaker Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Smart Speaker Sales and Growth Rate (2017-2027)

7.4.7.2.    France Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Smart Speaker Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Smart Speaker Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Smart Speaker Sales and Growth Rate (2017-2027)

7.4.10.2. Rest of Europe Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Smart Speaker Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Smart Speaker Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Smart Speaker Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Smart Speaker Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Smart Speaker Sales and Growth Rate (2017-2027)

7.5.5.2.    China Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Smart Speaker Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Smart Speaker Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Smart Speaker Sales and Growth Rate (2017-2027)

7.5.8.2.    India Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Smart Speaker Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Smart Speaker Sales and Growth Rate (2017-2027)

7.5.10.2. Rest of Asia-Pacific Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Smart Speaker Sales and Growth Rate (2017-2027)

7.6.2.  South America Smart Speaker Revenue and Growth Rate (2017-2027)

7.6.3.  South America Smart Speaker Sales by Countries (2017-2027)

7.6.4.  South America Smart Speaker Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Smart Speaker Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Smart Speaker Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Smart Speaker Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Smart Speaker Sales and Growth Rate (2017-2027)

7.6.8.2.    Rest of South America Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Smart Speaker Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Smart Speaker Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Smart Speaker Sales by Countries (2017-2027)

7.7.4.  Middle East and Africa Smart Speaker Revenue (Million USD) by Countries (2017-2027)

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Smart Speaker Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Smart Speaker Sales and Growth Rate (2017-2027)

7.7.6.2.    United Arab Emirates Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Egypt

7.7.7.1.    Egypt Smart Speaker Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Smart Speaker Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Smart Speaker Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Smart Speaker 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 Smart Speaker Sales and Growth Rate (2017-2027)

7.7.10.2. Rest of Middle East and Africa Smart Speaker Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       Amazon.com, Inc.

8.1.1.  Business Overview

8.1.2.  Technology Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Altec Lansing

8.2.1.  Business Overview

8.2.2.  Technology Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       Bose Corporation

8.3.1.  Business Overview

8.3.2.  Technology Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       Apple Inc

8.4.1.  Business Overview

8.4.2.  Technology Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Edifier

8.5.1.  Business Overview

8.5.2.  Technology Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Creative

8.6.1.  Business Overview

8.6.2.  Technology Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       JBL

8.7.1.  Business Overview

8.7.2.  Technology Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Philips

8.8.1.  Business Overview

8.8.2.  Technology Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Logitech International SA

8.9.1.  Business Overview

8.9.2.  Technology Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

8.10.    Samsung Electronics

8.10.1.      Business Overview

8.10.2.      Technology Portfolio

8.10.3.      Strategic Developments

8.10.4.      Sales, Revenue and Market Share

9.       Global Smart Speaker Market Competition, by Manufacturer

9.1.       Global Smart Speaker Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Smart Speaker Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Global Smart Speaker Price by Region (2017-2017)

9.4.       Top 5 Smart Speaker Manufacturer Market Share

9.5.       Market Competition Trend

10.   Smart Speaker Market Forecast (2027-2023)

10.1.    Global Smart Speaker Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Smart Speaker Market Forecast by Regions (2027-2023)

10.2.1.      North America Smart Speaker Market Forecast (2027-2023)

10.2.1.1. United States Smart Speaker Market Forecast (2027-2023)

10.2.1.2. Canada Smart Speaker Market Forecast (2027-2023)

10.2.1.3. Mexico Smart Speaker Market Forecast (2027-2023)

10.2.2.      Europe Smart Speaker Market Forecast (2027-2023)

10.2.2.1. Germany Smart Speaker Market Forecast (2027-2023)

10.2.2.2. United Kingdom Smart Speaker Market Forecast (2027-2023)

10.2.2.3. France Smart Speaker Market Forecast (2027-2023)

10.2.2.4. Russia Smart Speaker Market Forecast (2027-2023)

10.2.2.5. Italy Smart Speaker Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Smart Speaker Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Smart Speaker Market Forecast (2027-2023)

10.2.3.1. China Smart Speaker Market Forecast (2027-2023)

10.2.3.2. Japan Smart Speaker Market Forecast (2027-2023)

10.2.3.3. Korea Smart Speaker Market Forecast (2027-2023)

10.2.3.4. India Smart Speaker Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Smart Speaker Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Smart Speaker Market Forecast (2027-2023)

10.2.4.      South America Smart Speaker Market Forecast (2027-2023)

10.2.4.1. Brazil Smart Speaker Market Forecast (2027-2023)

10.2.4.2. Argentina Smart Speaker Market Forecast (2027-2023)

10.2.4.3. Columbia Smart Speaker Market Forecast (2027-2023)

10.2.4.4. Rest of South America Smart Speaker Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Smart Speaker Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Smart Speaker Market Forecast (2027-2023)

10.2.5.2. UAE Smart Speaker Market Forecast (2027-2023)

10.2.5.3. Egypt Smart Speaker Market Forecast (2027-2023)

10.2.5.4. Nigeria Smart Speaker Market Forecast (2027-2023)

10.2.5.5. South Africa Smart Speaker Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Smart Speaker Market Forecast (2027-2023)

10.3.    Smart Speaker Market Forecast by Technology (2027-2023)

10.3.1.      Global Smart Speaker Sales Forecast by Technology (2027-2023)

10.3.2.      Global Smart Speaker Sales Market Share Forecast by Technology (2027-2023)

10.4.    Smart Speaker Market Forecast by Product  (2027-2023)

10.4.1.      Global Smart Speaker Sales Forecast by Product  (2027-2023)

10.4.2.      Global Smart Speaker Sales Market Share Forecast by Product  (2027-2023)

List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Smart Speaker 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
  • 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

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

License Type

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