Structural Core Materials Market By Product, Skin Type And End User- Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 100 Category: Biotechnology Report Code : HC05747
Industry Outlook and Trend Analysis
The Structural Core Materials Market was worth USD 1.23 billion in 2017 and is expected to reach approximately USD 2.62 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.74% during the forecast period. Developing interest for these materials from the breeze vitality industry is a significant pattern adopted in the market. Moreover, ascend in disposable incomes of purchasers crosswise over nations, for example, U.S., India, and China has prompted fast development of the aviation and car businesses, in this way driving the interest for structural core materials.
Product Outlook and Trend Analysis
Aluminum honeycomb, Nomex honeycomb, balsa wood, and resins are the significant raw material sources used for the creation of structural core materials. Costs of these raw materials are anticipated to significantly affect generation costs. Makers of these products have gone into contracts with aircraft producers to supply boards for particular business necessities. In 2017, the honeycomb fragment represented 67.2% of the worldwide business income.
Skin Type Outlook and Trend Analysis
Structural core materials are used in a wide range of applications, for example, wind energy, aerospace, marine, automotive, packaging, construction, and medical equipment. These products are sandwiched by using an external skin made up of glass fiber, carbon fiber, nylon fiber, and a couple of different sorts of fibers. Carbon fiber strengthened polymer (CFRP) held the biggest share of the overall industry in 2017.
End User Outlook and Trend Analysis
Aviation was the biggest end-use fragment in the business in 2017. Air travel among significant business hubs has been reliably expanding throughout the years and this pattern is anticipated to proceed over the gauge time frame. The developing aeronautic trade is foreseen to drive the interest for composites, in this manner energizing the market for structural core materials. Wind vitality is foreseen to be the quickest developing fragment.
Regional Outlook and Trend Analysis
North America drove the worldwide market on the basis of income in 2017, and this pattern is anticipated to proceed over the conjecture time frame. Development of the construction, wind energy, and car enterprises, for the most part in the developed locales of U.S. also, Canada, is foreseen to move the development of the market in North America in the following years.
Competitive Insights
The leading players in the market are Gurit India Pvt Ltd, The Gill Corporation, Evonik Industries, Schweiter Technologies, Rockwell Collins, Hexcel and DIAB International AB. Competition among these players is rising as they have comparative product portfolios and take into account comparable end-use businesses. In any case, organizations intensely put resources into innovative work trying to grow their product portfolios and production capacities, in this manner managing their market positions.
The Structural Core Materials Market is segmented as follows-
By Product:
- Balsa
- Foam
- Honeycomb
By Skin Type:
- CFRP
- GFRP
- NFRP
- Others
By End User:
- Automotive
- Marine
- Aerospace
- Wind energy
- Construction
- 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
· Structural Core Materials Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Foam
o Balsa
o Honeycomb
· Structural Core Materials Market, By Skin Type, Estimates and Forecast, 2014-2023($Billion)
o GFRP
o CFRP
o NFRP
o Other Skin Types
· Structural Core Materials Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Aerospace
o Automotive
o Wind energy
o Marine
o Construction
o Other End Users
· Structural Core Materials Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Structural Core Materials Market, By Country
o U.S. Structural Core Materials Market
o Canada Structural Core Materials Market
o Mexico Structural Core Materials Market
o Europe
§ Europe Structural Core Materials Market, By Country
o Germany Structural Core Materials Market
o UK Structural Core Materials Market
o France Structural Core Materials Market
o Russia Structural Core Materials Market
o Italy Structural Core Materials Market
o Rest of Europe Structural Core Materials Market
o Asia-Pacific
§ Asia-Pacific Structural Core Materials Market, By Country
o China Structural Core Materials Market
o Japan Structural Core Materials Market
o South Korea Structural Core Materials Market
o India Structural Core Materials Market
o Southeast Asia Structural Core Materials Market
o Rest of Asia-Pacific Structural Core Materials Market
o South America
§ South America Structural Core Materials Market
o Brazil Structural Core Materials Market
o Argentina Structural Core Materials Market
o Columbia Structural Core Materials Market
o South Africa Structural Core Materials Market
o Rest of South America Structural Core Materials Market
o Middle East and Africa
§ Middle East and Africa Structural Core Materials Market
o Saudi Arabia Structural Core Materials Market
o UAE Structural Core Materials Market
o Egypt Structural Core Materials Market
o Nigeria Structural Core Materials Market
o South Africa Structural Core Materials Market
o Rest of MEA Structural Core Materials 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. Increasing Use of Composites in the Construction Industry
3.2.1.2. Rising Demand from Wind Energy Industry
3.2.2. Restraints
3.2.2.1. Capital Intensive Market Due to High Processing and Manufacturing Cost
3.2.3. Opportunities
3.2.3.1. Emerging Countries 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. Structural Core Materials Market, By Product
5.1. Introduction
5.2. Global Structural Core Materials Sales, Revenue and Market Share by Product (2017-2017)
5.2.1. Global Structural Core Materials Sales and Sales Share by Product (2017-2017)
5.2.2. Global Structural Core Materials Revenue and Revenue Share by Product (2017-2017)
5.3. Structural Core Materials Market Assessment and Forecast, By Product, 2017-2023
5.4. Foam
5.4.1. Global Foam Sales and Growth Rate (2017-2027)
5.5. Balsa
5.5.1. Global Balsa Sales and Growth Rate (2017-2027)
5.6. Honeycomb
5.6.1. Global Honeycomb Sales and Growth Rate (2017-2027)
6. Structural Core Materials Market, By Skin Type
6.1. Introduction
6.2. Global Structural Core Materials Sales, Revenue and Market Share by Skin Type (2017-2017)
6.2.1. Global Structural Core Materials Sales and Sales Share by Skin Type (2017-2017)
6.2.2. Global Structural Core Materials Revenue and Revenue Share by Skin Type (2017-2017)
6.3. Structural Core Materials Market Assessment and Forecast, By Skin Type, 2017-2023
6.4. GFRP
6.4.1. Global GFRP Sales and Growth Rate (2017-2027)
6.5. CFRP
6.5.1. Global CFRP Sales and Growth Rate (2017-2027)
6.6. NFRP
6.6.1. Global NFRP Sales and Growth Rate (2017-2027)
6.7. Other Skin Types
6.7.1. Global Other Skin Types Sales and Growth Rate (2017-2027)
7. Structural Core Materials Market, By End User
7.1. Introduction
7.2. Global Structural Core Materials Sales, Revenue and Market Share by End User (2017-2017)
7.2.1. Global Structural Core Materials Sales and Sales Share by End User (2017-2017)
7.2.2. Global Structural Core Materials Revenue and Revenue Share by End User (2017-2017)
7.3. Structural Core Materials Market Assessment and Forecast, By End User, 2017-2023($Billion)
7.4. Aerospace
7.4.1. Global Aerospace Sales and Growth Rate (2017-2027)
7.5. Automotive
7.5.1. Global Automotive Sales and Growth Rate (2017-2027)
7.6. Wind energy
7.6.1. Global Wind energy s Sales and Growth Rate (2017-2027)
7.7. Marine
7.7.1. Global Marine Sales and Growth Rate (2017-2027)
7.8. Construction
7.8.1. Global Construction Sales and Growth Rate (2017-2027)
7.9. Other End Users
7.9.1. Global Other End Users Sales and Growth Rate (2017-2027)
8. Structural Core Materials Market, By Region
8.1. Introduction
8.2. Global Structural Core Materials Sales, Revenue and Market Share by Regions
8.2.1. Global Structural Core Materials Sales by Regions (2017-2027)
8.2.2. Global Structural Core Materials Revenue by Regions (2017-2027)
8.3. North America Structural Core Materials by Countries
8.3.1. North America Structural Core Materials Sales and Growth Rate (2017-2027)
8.3.2. North America Structural Core Materials Revenue and Growth Rate (2017-2027)
8.3.3. North America Structural Core Materials Sales by Countries (2017-2027)
8.3.4. North America Structural Core Materials Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Structural Core Materials Sales and Growth Rate (2017-2027)
8.3.5.2. United States Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Structural Core Materials Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Structural Core Materials Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Structural Core Materials Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Structural Core Materials by Countries
8.4.1. Europe Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.2. Europe Structural Core Materials Revenue and Growth Rate (2017-2027)
8.4.3. Europe Structural Core Materials Sales by Countries (2017-2027)
8.4.4. Europe Structural Core Materials Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.6.2. UK Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.7.2. France Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Structural Core Materials Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Structural Core Materials Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Structural Core Materials Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Structural Core Materials Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.5.2. China Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.8.2. India Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Structural Core Materials Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Structural Core Materials Sales and Growth Rate (2017-2027)
8.6.2. South America Structural Core Materials Revenue and Growth Rate (2017-2027)
8.6.3. South America Structural Core Materials Sales by Countries (2017-2027)
8.6.4. South America Structural Core Materials Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Structural Core Materials Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Structural Core Materials Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Structural Core Materials Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Structural Core Materials Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Structural Core Materials Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Structural Core Materials Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Structural Core Materials Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Structural Core Materials 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 Structural Core Materials Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Structural Core Materials Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. DIAB International AB
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. Evonik Industries
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. Gurit Holding AG
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. Schweiter Technologies
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. Hexcel Corporation
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. Armacell International
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. Changzhou Tiansheng New Materials Co. Ltd.
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. The Gill Corporation
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. Euro-Composites
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. SABIC
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 Structural Core Materials Market Competition, by Manufacturer
10.1. Global Structural Core Materials Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Structural Core Materials Revenue and Market Share by Manufacturer (2017-2017)
10.3. Top 5 Structural Core Materials Manufacturer Market Share
10.4. Market Competition Trend
11. Structural Core Materials Market Forecast (2027-2023)
11.1. Global Structural Core Materials Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Structural Core Materials Market Forecast by Regions (2027-2023)
11.2.1. North America Structural Core Materials Market Forecast (2027-2023)
11.2.1.1. United States Structural Core Materials Market Forecast (2027-2023)
11.2.1.2. Canada Structural Core Materials Market Forecast (2027-2023)
11.2.1.3. Mexico Structural Core Materials Market Forecast (2027-2023)
11.2.2. Europe Structural Core Materials Market Forecast (2027-2023)
11.2.2.1. Germany Structural Core Materials Market Forecast (2027-2023)
11.2.2.2. United Kingdom Structural Core Materials Market Forecast (2027-2023)
11.2.2.3. France Structural Core Materials Market Forecast (2027-2023)
11.2.2.4. Russia Structural Core Materials Market Forecast (2027-2023)
11.2.2.5. Italy Structural Core Materials Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Structural Core Materials Market Forecast (2027-2023)
11.2.3. Asia-Pacific Structural Core Materials Market Forecast (2027-2023)
11.2.3.1. China Structural Core Materials Market Forecast (2027-2023)
11.2.3.2. Japan Structural Core Materials Market Forecast (2027-2023)
11.2.3.3. Korea Structural Core Materials Market Forecast (2027-2023)
11.2.3.4. India Structural Core Materials Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Structural Core Materials Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Structural Core Materials Market Forecast (2027-2023)
11.2.4. South America Structural Core Materials Market Forecast (2027-2023)
11.2.4.1. Brazil Structural Core Materials Market Forecast (2027-2023)
11.2.4.2. Argentina Structural Core Materials Market Forecast (2027-2023)
11.2.4.3. Columbia Structural Core Materials Market Forecast (2027-2023)
11.2.4.4. Rest of South America Structural Core Materials Market Forecast (2027-2023)
11.2.5. Middle East and Africa Structural Core Materials Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Structural Core Materials Market Forecast (2027-2023)
11.2.5.2. UAE Structural Core Materials Market Forecast (2027-2023)
11.2.5.3. Egypt Structural Core Materials Market Forecast (2027-2023)
11.2.5.4. Nigeria Structural Core Materials Market Forecast (2027-2023)
11.2.5.5. South Africa Structural Core Materials Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Structural Core Materials Market Forecast (2027-2023)
11.3. Structural Core Materials Market Forecast by Product (2027-2023)
11.3.1. Global Structural Core Materials Sales Forecast by Product (2027-2023)
11.3.2. Global Structural Core Materials Sales Market Share Forecast by Product (2027-2023)
11.4. Structural Core Materials Market Forecast by Skin Type (2027-2023)
11.4.1. Global Structural Core Materials Sales Forecast by Skin Type (2027-2023)
11.4.2. Global Structural Core Materials Sales Market Share Forecast by Skin Type (2027-2023)
11.5. Structural Core Materials Market Forecast by End User (2027-2023)
11.5.1. Global Structural Core Materials Sales Forecast by End User (2027-2023)
11.5.2. Global Structural Core Materials Sales Market Share Forecast by End User (2027-2023)
List of Tables and Figures
You can glance through the list of Tables and Figures when you view the sample copy of Structural Core Materials Market.
List of Tables
You can glance through the list of Tables and Figures when you view the sample copy of Structural Core Materials 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 |
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Demand Side |
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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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