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Spark Plug Market by Electrode Material and Application - Global Industry Analysis and Forecast to 2023

Published On : April 2018 Pages : 90 Category: Equipment Machine & Tooling Report Code : ME04702

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The Spark Plug Market was worth USD 2.07 billion in 2017 and is expected to reach approximately USD 3.04 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.36% during the forecast period. Start plug is an electrical device strung into the cylinder of spark ignition engine, which creates spark at the expected time to touch off the ignitable air-fuel blend in the cylinder bore. The device involves resistance, insulator, shell, and electrodes. Amid the engine activity, when high strain current flows through the middle cathodes, it ionizes the gas exhibit between the anode holes, creating spark. The advanced spark plug is designed to provide a capable start around 500-3,500 times each moment. Temperature at the tip of the start plug is regularly in the vicinity of 500C and 800C.

Material Outlook and Trend Analysis

Based on material the market is segmented into Copper, Iridium, and Platinum. The iridium is the most progressive centre electrode material for spark plug, which has a life span of 100,000 Km—five times more than copper start plug. Iridium spark plugs have properties, for example, long administration life and enhanced ignitability because of fine tipped focus cathode. Also, iridium spark plug discovers its application to high-end passenger cars, HCVs, and in small boats.

Application Outlook and Trend Analysis

Automobile spark plug market drove the spark plug market, representing around 80% of the general market. This is ascribed to the rising number of gasoline-powered passenger cars generally in developing nations of Asia-Pacific and LAMEA. Additionally, developing demand for vehicles that are powered by natural gas helps the development of the automobile spark plug market.

Regional Outlook and Trend Analysis

Asia-Pacific spark plug market is the most lucrative spark plug market among different locales, inferable from increment in number of vehicles in China, India, and Japan. Existence of the major car makers in China and their responsibility of investing resources in Asia-Pacific and development in number of joint endeavours with universal brands drive the market development.

Competitive Insights

The leading players in the market are Federal-Mogul Corporation, Ngk Spark Plug Co Ltd, Enerpulse Technologie, Autolite, Denso Corporation, Zhuzhou Torch Spark Plug, Stitt Spark Plug, Acdelco and E3 Sparkplugs. 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 Spark Plug market is segmented as follows-

By Material:

  • Iridium
  • Platinum
  • Copper

By Application:

  • Industrial
  • Automobile
  • Marine
  • 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

·         Spark Plug Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Automobile

·         Marine

·         Industrial

·         Other Applications

·         Spark Plug Market, By Electrode Material, Estimates and Forecast, 2014-2023 ($Million)

·         Copper

·         Iridium

·         Platinum

·         Spark Plug Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Spark Plug Market, By Country

o    U.S. Spark Plug Market

o    Canada Spark Plug Market

o    Mexico Spark Plug Market

·         Europe

§  Europe Spark Plug Market, By Country

o    Germany Spark Plug Market

o    UK Spark Plug Market

o    France Spark Plug Market

o    Russia Spark Plug Market

o    Italy Spark Plug Market

o    Rest of Europe Spark Plug Market

·         Asia-Pacific

§  Asia-Pacific Spark Plug Market, By Country

o    China Spark Plug Market

o    Japan Spark Plug Market

o    South Korea Spark Plug Market

o    India Spark Plug Market

o    Southeast Asia Spark Plug Market

o    Rest of Asia-Pacific Spark Plug Market

·         South America

§  South America Spark Plug Market

o    Brazil Spark Plug Market

o    Argentina Spark Plug Market

o    Columbia Spark Plug Market

o    South Africa Spark Plug Market

o    Rest of South America Spark Plug Market

·         Middle East and Africa

§  Middle East and Africa Spark Plug Market

o    Saudi Arabia Spark Plug Market

o    UAE Spark Plug Market

o    Egypt Spark Plug Market

o    Nigeria Spark Plug Market

o    South Africa Spark Plug Market

o    Rest of MEA Spark Plug Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

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.    Increase in Production and Sales of Vehicle Globally

3.2.1.2.    Rise in Number of Gasoline or Natural Gas-Powered Generators, and Small & Recreational Boats

3.2.2.  Restraints

3.2.2.1.    Engine Downsizing to Reduce Vehicle Weight

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.       Spark Plug Market, By Application

5.1.       Introduction

5.2.       Global Spark Plug Sales, Revenue and Market Share by Application (2017-2017)

5.2.1.  Global Spark Plug Sales and Sales Share by Application (2017-2017)

5.2.2.  Global Spark Plug Revenue and Revenue Share by Application (2017-2017)

5.3.       Spark Plug Market   Assessment and Forecast, By Application, 2017-2023

5.4.       Automobile

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

5.5.       Marine

5.5.1.  Global Marine Sales and Growth Rate (2017-2027)

5.6.       Industrial

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

5.7.       Other Applications

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

6.       Spark Plug Market, By Electrode Material

6.1.       Introduction

6.2.       Global Spark Plug Sales, Revenue and Market Share by Electrode Material (2017-2017)

6.2.1.  Global Spark Plug Sales and Sales Share by Electrode Material (2017-2017)

6.2.2.  Global Spark Plug Revenue and Revenue Share by Electrode Material (2017-2017)

6.3.       The Spark Plug Market   Assessment and Forecast, By Electrode Material, 2017-2023

6.4.       Copper

6.4.1.  Global Copper Sales and Growth Rate (2017-2027)

6.5.       Iridium

6.5.1.  Global Iridium Sales and Growth Rate (2017-2027)

6.6.       Platinum

6.6.1.  Global Platinum Sales and Growth Rate (2017-2027)

7.       Spark Plug Market, By Region

7.1.       Introduction

7.2.       Global Spark Plug Sales, Revenue and Market Share by Regions

7.2.1.  Global Spark Plug Sales by Regions (2017-2027)

7.2.2.  Global Spark Plug Revenue by Regions (2017-2027)

7.3.       North America Spark Plug by Countries

7.3.1.  North America Spark Plug Sales and Growth Rate (2017-2027)

7.3.2.  North America Spark Plug Revenue and Growth Rate (2017-2027)

7.3.3.  North America Spark Plug Sales by Countries (2017-2027)

7.3.4.  North America Spark Plug Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Spark Plug Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Spark Plug Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Spark Plug Sales (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Spark Plug Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Spark Plug by Countries

7.4.1.  Europe Spark Plug Sales and Growth Rate (2017-2027)

7.4.2.  Europe Spark Plug Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Spark Plug Sales by Countries (2017-2027)

7.4.4.  Europe Spark Plug Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Spark Plug Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Spark Plug Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Spark Plug Sales and Growth Rate (2017-2027)

7.4.7.2.    France Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Spark Plug Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Spark Plug Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Spark Plug Sales and Growth Rate (2017-2027)

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

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Spark Plug Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Spark Plug Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Spark Plug Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Spark Plug Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Spark Plug Sales and Growth Rate (2017-2027)

7.5.5.2.    China Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Spark Plug Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Spark Plug Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Spark Plug Sales and Growth Rate (2017-2027)

7.5.8.2.    India Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Spark Plug Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Spark Plug Sales and Growth Rate (2017-2027)

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

7.6.       South America

7.6.1.  South America Spark Plug Sales and Growth Rate (2017-2027)

7.6.2.  South America Spark Plug Revenue and Growth Rate (2017-2027)

7.6.3.  South America Spark Plug Sales by Countries (2017-2027)

7.6.4.  South America Spark Plug Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Spark Plug Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Spark Plug Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Spark Plug Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Spark Plug Sales and Growth Rate (2017-2027)

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

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Spark Plug Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Spark Plug Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Spark Plug Sales by Countries (2017-2027)

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

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Spark Plug Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Spark Plug Sales and Growth Rate (2017-2027)

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

7.7.7.  Egypt

7.7.7.1.    Egypt Spark Plug Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Spark Plug Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Spark Plug Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Spark Plug Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Spark Plug 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 Spark Plug Sales and Growth Rate (2017-2027)

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

8.       Company Profiles

8.1.       Ngk Spark Plug Co., Ltd.

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.       Federal-Mogul Corporation

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.       Denso Corporation

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.       Robert Bosch GMBH

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.       Autolite

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.       Enerpulse Technologie

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.       Stitt Spark Plug

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.       Acdelco

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.       E3 Sparkplugs

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.    Zhuzhou Torch Spark Plug

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 Spark Plug Market Competition, by Manufacturer

9.1.       Global Spark Plug Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Spark Plug Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Top 5 Spark Plug Manufacturer Market Share

9.4.       Market Competition Trend

10.   Spark Plug Market Forecast (2027-2023)

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

10.2.    Spark Plug Market Forecast by Regions (2027-2023)

10.2.1.      North America Spark Plug Market Forecast (2027-2023)

10.2.1.1. United States Spark Plug Market Forecast (2027-2023)

10.2.1.2. Canada Spark Plug Market Forecast (2027-2023)

10.2.1.3. Mexico Spark Plug Market Forecast (2027-2023)

10.2.2.      Europe Spark Plug Market Forecast (2027-2023)

10.2.2.1. Germany Spark Plug Market Forecast (2027-2023)

10.2.2.2. United Kingdom Spark Plugs Market Forecast (2027-2023)

10.2.2.3. France Spark Plug Market Forecast (2027-2023)

10.2.2.4. Russia Spark Plug Market Forecast (2027-2023)

10.2.2.5. Italy Spark Plug Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Spark Plug Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Spark Plug Market Forecast (2027-2023)

10.2.3.1. China Spark Plug Market Forecast (2027-2023)

10.2.3.2. Japan Spark Plug Market Forecast (2027-2023)

10.2.3.3. Korea Spark Plug Market Forecast (2027-2023)

10.2.3.4. India Spark Plug Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Spark Plug Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Spark Plug Market Forecast (2027-2023)

10.2.4.      South America Spark Plug Market Forecast (2027-2023)

10.2.4.1. Brazil Spark Plug Market Forecast (2027-2023)

10.2.4.2. Argentina Spark Plug Market Forecast (2027-2023)

10.2.4.3. Columbia Spark Plug Market Forecast (2027-2023)

10.2.4.4. Rest of South America Spark Plug Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Spark Plug Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Spark Plug Market Forecast (2027-2023)

10.2.5.2. UAE Spark Plug Market Forecast (2027-2023)

10.2.5.3. Egypt Spark Plug Market Forecast (2027-2023)

10.2.5.4. Nigeria Spark Plug Market Forecast (2027-2023)

10.2.5.5. South Africa Spark Plug Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Spark Plug Market Forecast (2027-2023)

10.3.    Spark Plug Market Forecast by Application (2027-2023)

10.3.1.      Global Spark Plug Sales Forecast by Application (2027-2023)

10.3.2.      Global Spark Plug Sales Market Share Forecast by Application (2027-2023)

10.4.    Spark Plug Market Forecast by Electrode Material (2027-2023)

10.4.1.      Global Spark Plug Sales Forecast by Electrode Material (2027-2023)

10.4.2.      Global Spark Plug Sales Market Share Forecast by Electrode Material (2027-2023)

List of Tables and Figures

*You can glance through the list of Tables and Figures when you view the sample copy of Spark Plug Market.

List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Spark Plug 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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