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Structural Adhesives Market By Product Type And Application - Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 178 Category: Advanced Materials Report Code : CM06870

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Industry Outlook and Trend Analysis

The Structural Adhesives Market was worth USD 9.16 billion in 2017 and is expected to reach approximately USD 17.02 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.13% during the forecast period. A structural adhesive is one that can be utilized to create a load-bearing joint. Nonetheless, the term is regularly associated with those adhesives that are used for engineering applications where joints will commonly have lap shear strengths of more prominent than 1MPa and ordinarily, more than 10MPa. Adhesives that don't commonly provide such structural function are called sealants. Frequently however, the difference between a sealant and a structural adhesive is obscured as it relies upon the loading of the joint and the end use.

Drivers and Restraints

Being the hardest and most flexible structural adhesives, polyurethane-based cements are foreseen to display generous request over the projection time frame, thereby boosting the development of the market. The market will encounter development inferable from its unique capacity to offer extraordinary security quality and quick curing speed for dissimilar and comparative substrates in the automobile business. The product is formulated to reduce the vehicle weight and enhance the security and execution. Product manufacturers make extraordinary performance products for automobile applications, utilized for exterior and interior applications of vehicles, for example, hoods, deck lid flanges, doors, interior dashboards, and roof panels. Expanding per capita income and enhanced standards of living among youth in rising economies has impelled the automobile market since the monetary downturn. Expanding awareness about mileage and light weight vehicles will reinforce the general structural adhesives market.

Market Segmentation

The Structural Adhesives Market is segmented on the basis of Product Type and Application. Based on product type the market is segmented into Acrylic-based, Cyanoacrylate, Epoxy-based, Polyurethane-based and others. Based on application the market is segmented into Automotive, Marine, Building & Construction, Transportation, Aerospace, Electronic Components and Energy. The automotive industry has multiple applications owing to the presence of several dissimilar components.

Regional Outlook and Trend Analysis

Asia Pacific will be a promising locale in structural adhesives market over the forecast period. India and China enlisted increasing construction spending through government activities and private ventures.  Numerous automobile giants are building up their manufacturing base in developing economies of Asia Pacific because of abundance of cost effective labours. Exceedingly develop shipbuilding businesses in South Korea, China and Japan will likewise drive the regional market. Asia Pacific enlisted more than USD 2 billion for the general structural adhesives market in 2017 and will thrive at a sound rate in the coming years.

Competitive Insights

The leading players in the market are Huntsman Corporation, 3M, Lord Corporation, Dow Chemical Company, Sika AG, Arkema and Henkel. 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 Structural Adhesives Market is segmented as follows-

By Product Type:

  • Acrylic-based
  • Cyanoacrylate
  • Epoxy-based
  • Polyurethane-based
  • Others

By Application:

  • Automotive
  • Marine
  • Building & Construction
  • Transportation
  • Aerospace
  • Electronic Components
  • Energy

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

·         Structural Adhesives Market, By Product Type, Estimates and Forecast, 2014-2023 ($Million)

·         Acrylic-Based

·         Epoxy-Based

·         Cyanoacrylate

·         Polyurethane-Based

·         Other Product Types

·         Structural Adhesives Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Automotive

·         Marine

·         Aerospace

·         Energy

·         Building & Construction

·         Other Applications

·         Structural Adhesives Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Structural Adhesives Market, By Country

o    U.S. Structural Adhesives Market

o    Canada Structural Adhesives Market

o    Mexico Structural Adhesives Market

·         Europe

§  Europe Structural Adhesives Market, By Country

o    Germany Structural Adhesives Market

o    UK Structural Adhesives Market

o    France Structural Adhesives Market

o    Russia Structural Adhesives Market

o    Italy Structural Adhesives Market

o    Rest of Europe Structural Adhesives Market

·         Asia-Pacific

§  Asia-Pacific Structural Adhesives Market, By Country

o    China Structural Adhesives Market

o    Japan Structural Adhesives Market

o    South Korea Structural Adhesives Market

o    India Structural Adhesives Market

o    Southeast Asia Structural Adhesives Market

o    Rest of Asia-Pacific Structural Adhesives Market

·         South America

§  South America Structural Adhesives Market

o    Brazil Structural Adhesives Market

o    Argentina Structural Adhesives Market

o    Columbia Structural Adhesives Market

o    South Africa Structural Adhesives Market

o    Rest of South America Structural Adhesives Market

·         Middle East and Africa

§  Middle East and Africa Structural Adhesives Market

o    Saudi Arabia Structural Adhesives Market

o    UAE Structural Adhesives Market

o    Egypt Structural Adhesives Market

o    Nigeria Structural Adhesives Market

o    South Africa Structural Adhesives Market

o    Rest of MEA Structural Adhesives 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.       Structural Adhesives Market, By Product Type

5.1.       Introduction

5.2.       Global Structural Adhesives Sales, Revenue and Market Share by Product Type (2017-2027)

5.2.1.  Global Structural Adhesives Sales and Sales Share by Product Type (2017-2027)

5.2.2.  Global Structural Adhesives Revenue and Revenue Share by Product Type (2017-2027)

5.3.       Acrylic-Based

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

5.4.       Epoxy-Based

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

5.5.       Cyanoacrylate

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

5.6.       Polyurethane-Based

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

5.7.       Other Product Types

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

6.       Structural Adhesives Market, By Application

6.1.       Introduction

6.2.       Global Structural Adhesives Sales, Revenue and Market Share by Application (2017-2027)

6.2.1.  Global Structural Adhesives Sales and Sales Share by Application (2017-2027)

6.2.2.  Global Structural Adhesives Revenue and Revenue Share by Application (2017-2027)

6.3.       Automotive

6.3.1.  Global Automotive Sales and Growth Rate (2017-2027)

6.4.       Marine

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

6.5.       Aerospace

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

6.6.       Energy

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

6.7.       Building & Construction

6.7.1.  Global Building & Construction Sales and Growth Rate (2017-2027)

6.8.       Other Applications

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

7.       Structural Adhesives Market, By Region

7.1.       Introduction

7.2.       Global Structural Adhesives Sales, Revenue and Market Share by Regions

7.2.1.  Global Structural Adhesives Sales by Regions (2017-2027)

7.2.2.  Global Structural Adhesives Revenue by Regions (2017-2027)

7.3.       North America Structural Adhesives by Countries

7.3.1.  North America Structural Adhesives Sales and Growth Rate (2017-2027)

7.3.2.  North America Structural Adhesives Revenue and Growth Rate (2017-2027)

7.3.3.  North America Structural Adhesives Sales by Countries (2017-2027)

7.3.4.  North America Structural Adhesives Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Structural Adhesives Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Structural Adhesives Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Structural Adhesives Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Structural Adhesives by Countries

7.4.1.  Europe Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.2.  Europe Structural Adhesives Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Structural Adhesives Sales by Countries (2017-2027)

7.4.4.  Europe Structural Adhesives Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.7.2.    France Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Structural Adhesives Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Structural Adhesives Sales and Growth Rate (2017-2027)

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

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Structural Adhesives Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Structural Adhesives Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Structural Adhesives Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.5.2.    China Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.8.2.    India Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Structural Adhesives Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Structural Adhesives Sales and Growth Rate (2017-2027)

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

7.6.       South America

7.6.1.  South America Structural Adhesives Sales and Growth Rate (2017-2027)

7.6.2.  South America Structural Adhesives Revenue and Growth Rate (2017-2027)

7.6.3.  South America Structural Adhesives Sales by Countries (2017-2027)

7.6.4.  South America Structural Adhesives Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Structural Adhesives Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Structural Adhesives Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Structural Adhesives Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Structural Adhesives Sales and Growth Rate (2017-2027)

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

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Structural Adhesives Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Structural Adhesives Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Structural Adhesives Sales by Countries (2017-2027)

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

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Structural Adhesives Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Structural Adhesives Sales and Growth Rate (2017-2027)

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

7.7.7.  Egypt

7.7.7.1.    Egypt Structural Adhesives Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Structural Adhesives Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Structural Adhesives Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Structural Adhesives Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Structural Adhesives 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 Structural Adhesives Sales and Growth Rate (2017-2027)

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

8.       Company Profiles

8.1.       Henkel AG

8.1.1.  Business Overview

8.1.2.  Product Type Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Arkema

8.2.1.  Business Overview

8.2.2.  Product Type Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       The 3M Company

8.3.1.  Business Overview

8.3.2.  Product Type Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       The Dow Chemical Company

8.4.1.  Business Overview

8.4.2.  Product Type Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Master Bond Inc.

8.5.1.  Business Overview

8.5.2.  Product Type Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Panacol-Elosol GmbH

8.6.1.  Business Overview

8.6.2.  Product Type Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Parson Adhesives, Inc.

8.7.1.  Business Overview

8.7.2.  Product Type Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Scott Bader

8.8.1.  Business Overview

8.8.2.  Product Type Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Lord Corporation

8.9.1.  Business Overview

8.9.2.  Product Type Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

9.       Global Structural Adhesives Market Competition, by Manufacturer

9.1.       Global Structural Adhesives Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Structural Adhesives Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Global Structural Adhesives Price by Region (2017-2017)

9.4.       Top 5 Structural Adhesives Manufacturer Market Share

9.5.       Market Competition Trend

10.   Structural Adhesives Market Forecast (2027-2023)

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

10.2.    Structural Adhesives Market Forecast by Regions (2027-2023)

10.2.1.      North America Structural Adhesives Market Forecast (2027-2023)

10.2.1.1. United States Structural Adhesives Market Forecast (2027-2023)

10.2.1.2. Canada Structural Adhesives Market Forecast (2027-2023)

10.2.1.3. Mexico Structural Adhesives Market Forecast (2027-2023)

10.2.2.      Europe Structural Adhesives Market Forecast (2027-2023)

10.2.2.1. Germany Structural Adhesives Market Forecast (2027-2023)

10.2.2.2. United Kingdom Structural Adhesives Market Forecast (2027-2023)

10.2.2.3. France Structural Adhesives Market Forecast (2027-2023)

10.2.2.4. Russia Structural Adhesives Market Forecast (2027-2023)

10.2.2.5. Italy Structural Adhesives Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Structural Adhesives Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Structural Adhesives Market Forecast (2027-2023)

10.2.3.1. China Structural Adhesives Market Forecast (2027-2023)

10.2.3.2. Japan Structural Adhesives Market Forecast (2027-2023)

10.2.3.3. Korea Structural Adhesives Market Forecast (2027-2023)

10.2.3.4. India Structural Adhesives Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Structural Adhesives Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Structural Adhesives Market Forecast (2027-2023)

10.2.4.      South America Structural Adhesives Market Forecast (2027-2023)

10.2.4.1. Brazil Structural Adhesives Market Forecast (2027-2023)

10.2.4.2. Argentina Structural Adhesives Market Forecast (2027-2023)

10.2.4.3. Columbia Structural Adhesives Market Forecast (2027-2023)

10.2.4.4. Rest of South America Structural Adhesives Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Structural Adhesives Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Structural Adhesives Market Forecast (2027-2023)

10.2.5.2. UAE Structural Adhesives Market Forecast (2027-2023)

10.2.5.3. Egypt Structural Adhesives Market Forecast (2027-2023)

10.2.5.4. Nigeria Structural Adhesives Market Forecast (2027-2023)

10.2.5.5. South Africa Structural Adhesives Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Structural Adhesives Market Forecast (2027-2023)

10.3.    Structural Adhesives Market Forecast by Product Type (2027-2023)

10.3.1.      Global Structural Adhesives Sales Forecast by Product Type (2027-2023)

10.3.2.      Global Structural Adhesives Sales Market Share Forecast by Product Type (2027-2023)

10.4.    Structural Adhesives Market Forecast by Application (2027-2023)

10.4.1.      Global Structural Adhesives Sales Forecast by Application (2027-2023)

10.4.2.      Global Structural Adhesives 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 Structural Adhesives 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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