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Super Abrasives Market By Application,material Type And End User- Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 190 Category: Composites Report Code : CM05770
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Super Abrasives Market has encountered significant development in the recent years and is foreseen to grow tremendously over the forecast period. Super abrasives are tools that are used in the process of precision grinding. Super abrasive materials attach to a wheel to make super abrasive grinding wheels. The reason a few abrasives are super abrasives is because of their exceptional hardness, outstanding execution, and longevity. The benefits of super abrasive grinding wheels are more than unprecedented hardness, unparalleled execution, and life span. These three highlights of Super abrasives are the centre of numerous advantages manufacturers gain by several services that ordinary abrasives cannot deliver.
Drivers and Restraints
The major factors driving the Super Abrasives market is the cost effectiveness of the product along with several other benefits. Furthermore, super abrasives utilize less floor space which is needed for manufacturing and inexpensive tooling and fixing expenses. Its outstanding performance in comparison with conventional abrasives is another factor boosting the development of the market. Abrasives are commonly used for smoothen the surface or achieve desired shape by eliminating the material on the job, typically steel.
Market Segmentation
The Super Abrasives Market is segmented on the basis of Material type, End User and Application. Based on material type the market is segmented into Diamond and Cubic Boron Nitride (CBN). Industrial diamonds utilized as superabrasives are particularly hard materials. Nonetheless, they exhibit a few mechanical confinements. For example, when a diamond interacts with a ferrous compound, for example, steel or a nickel superalloy, the subsequent formation of carbide prompts its abrasion. On the basis of end user the market is segmented into Electronics, Aerospace, Medical, Oil & Gas, Automotive and others. Based on applications the market is segmented into Bearing, Tool Grinding, Powertrain, Gear, Turbines and Others. They are used when high quality finish is needed when working on hard materials. They are majorly used to make tools from high-speed steel. Aerospace and automotive form the major market segment with over % market share in 2022.
Regional Outlook and Trend Analysis
The market was dominated by Asia Pacific owing to the existence of numerous manufacturers in the region, trailed by Europe. Demand in Europe is anticipated to be higher than that in North America and this trend is foreseen to continue over the forecast period. Latin America and Middle East & Africa constituted comparatively minor shares in the global superabrasives market.
Competitive Insights
The major players in the market are Imerys Fused Minerals Hull, Diamant - Gesellschaft Tesch GmbH, August Rüggeberg GmbH & Co. KG, Asahi Diamond Industrial Europe, 3M, KWH Mirka Ltd, Klingspor AG, Finzler, Schrock & Kimmel GmbH, A.S.I. Spa, Indasa, G&L Beijer Industri AB and Saint Gobain Abrasives. 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 Super Abrasives Market is segmented as follows-
By Material Type:
- Diamond
- Cubic Boron Nitride (CBN)
By End User:
- Electronics
- Aerospace
- Medical
- Oil & Gas
- Automotive
- Others
By Application:
- Bearing,
- Tool Grinding
- Powertrain
- Gear
- Turbines
- 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
· Super Abrasives Market, By Material Type, Estimates and Forecast, 2014-2023($Billion)
o Diamond
o Cubic Boron Nitride (CBN)
· Super Abrasives Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Powertrain
o Bearing
o Gear
o Tool Grinding
o Turbines
o Other Applications
· Super Abrasives Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Aerospace
o Automotive
o Medical
o Electronics
o Oil & Gas
o Other End Users
· Super Abrasives Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Super Abrasives Market, By Country
o U.S. Super Abrasives Market
o Canada Super Abrasives Market
o Mexico Super Abrasives Market
o Europe
§ Europe Super Abrasives Market, By Country
o Germany Super Abrasives Market
o UK Super Abrasives Market
o France Super Abrasives Market
o Russia Super Abrasives Market
o Italy Super Abrasives Market
o Rest of Europe Super Abrasives Market
o Asia-Pacific
§ Asia-Pacific Super Abrasives Market, By Country
o China Super Abrasives Market
o Japan Super Abrasives Market
o South Korea Super Abrasives Market
o India Super Abrasives Market
o Southeast Asia Super Abrasives Market
o Rest of Asia-Pacific Super Abrasives Market
o South America
§ South America Super Abrasives Market
o Brazil Super Abrasives Market
o Argentina Super Abrasives Market
o Columbia Super Abrasives Market
o South Africa Super Abrasives Market
o Rest of South America Super Abrasives Market
o Middle East and Africa
§ Middle East and Africa Super Abrasives Market
o Saudi Arabia Super Abrasives Market
o UAE Super Abrasives Market
o Egypt Super Abrasives Market
o Nigeria Super Abrasives Market
o South Africa Super Abrasives Market
o Rest of MEA Super Abrasives 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
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. Super Abrasives Market, By Material Type
5.1. Introduction
5.2. Global Super Abrasives Sales, Revenue and Market Share by Material Type (2017-2027)
5.2.1. Global Super Abrasives Sales and Sales Share by Material Type (2017-2027)
5.2.2. Global Super Abrasives Revenue and Revenue Share by Material Type (2017-2027)
5.3. Diamond
5.3.1. Global Diamond Sales and Growth Rate (2017-2027)
5.4. Cubic Boron Nitride (CBN)
5.4.1. Global Cubic Boron Nitride (CBN) Sales and Growth Rate (2017-2027)
6. Super Abrasives Market, By Application
6.1. Introduction
6.2. Global Super Abrasives Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Super Abrasives Sales and Sales Share by Application (2017-2027)
6.2.2. Global Super Abrasives Revenue and Revenue Share by Application (2017-2027)
6.3. Powertrain
6.3.1. Global Powertrain Sales and Growth Rate (2017-2027)
6.4. Bearing
6.4.1. Global Bearing Sales and Growth Rate (2017-2027)
6.5. Gear
6.5.1. Global Gear Sales and Growth Rate (2017-2027)
6.6. Tool Grinding
6.6.1. Global Tool Grinding Sales and Growth Rate (2017-2027)
6.7. Turbines
6.7.1. Global Turbines Sales and Growth Rate (2017-2027)
6.8. Other Applications
6.8.1. Global Other Applications Sales and Growth Rate (2017-2027)
7. Super Abrasives Market, By End User
7.1. Introduction
7.2. Global Super Abrasives Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global Super Abrasives Sales and Sales Share by End User (2017-2027)
7.2.2. Global Super Abrasives Revenue and Revenue Share by End User (2017-2027)
7.3. Aerospace
7.3.1. Global Aerospace Sales and Growth Rate (2017-2027)
7.4. Automotive
7.4.1. Global Automotive Sales and Growth Rate (2017-2027)
7.5. Medical
7.5.1. Global Medical Sales and Growth Rate (2017-2027)
7.6. Electronics
7.6.1. Global Electronics Sales and Growth Rate (2017-2027)
7.7. Oil & Gas
7.7.1. Global Oil & Gas Sales and Growth Rate (2017-2027)
7.8. Other End Users
7.8.1. Global Other End Users Sales and Growth Rate (2017-2027)
8. Super Abrasives Market, By Region
8.1. Introduction
8.2. Global Super Abrasives Sales, Revenue and Market Share by Regions
8.2.1. Global Super Abrasives Sales by Regions (2017-2027)
8.2.2. Global Super Abrasives Revenue by Regions (2017-2027)
8.3. North America Super Abrasives by Countries
8.3.1. North America Super Abrasives Sales and Growth Rate (2017-2027)
8.3.2. North America Super Abrasives Revenue and Growth Rate (2017-2027)
8.3.3. North America Super Abrasives Sales by Countries (2017-2027)
8.3.4. North America Super Abrasives Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Super Abrasives Sales and Growth Rate (2017-2027)
8.3.5.2. United States Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Super Abrasives Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Super Abrasives Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Super Abrasives Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Super Abrasives by Countries
8.4.1. Europe Super Abrasives Sales and Growth Rate (2017-2027)
8.4.2. Europe Super Abrasives Revenue and Growth Rate (2017-2027)
8.4.3. Europe Super Abrasives Sales by Countries (2017-2027)
8.4.4. Europe Super Abrasives Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Super Abrasives Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Super Abrasives Sales and Growth Rate (2017-2027)
8.4.6.2. UK Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Super Abrasives Sales and Growth Rate (2017-2027)
8.4.7.2. France Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Super Abrasives Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Super Abrasives Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Super Abrasives Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Super Abrasives Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Super Abrasives Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Super Abrasives Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Super Abrasives Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Super Abrasives Sales and Growth Rate (2017-2027)
8.5.5.2. China Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Super Abrasives Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Super Abrasives Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Super Abrasives Sales and Growth Rate (2017-2027)
8.5.8.2. India Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Super Abrasives Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Super Abrasives Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Super Abrasives Sales and Growth Rate (2017-2027)
8.6.2. South America Super Abrasives Revenue and Growth Rate (2017-2027)
8.6.3. South America Super Abrasives Sales by Countries (2017-2027)
8.6.4. South America Super Abrasives Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Super Abrasives Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Super Abrasives Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Super Abrasives Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Super Abrasives Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Super Abrasives Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Super Abrasives Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Super Abrasives Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Super Abrasives Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Super Abrasives Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Super Abrasives Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Super Abrasives Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Super Abrasives Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Super Abrasives Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Super Abrasives 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 Super Abrasives Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Super Abrasives Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. 3M
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. Action Superabrasive
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. Asahi
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. Avic
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. Carbodiam
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. Chanway
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. Diamant Gesellschaft Tesch Gmbh
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. Diametall
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. Dr.Kaiser
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. Eagles Superabrasives
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 Super Abrasives Market Competition, by Manufacturer
10.1. Global Super Abrasives Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Super Abrasives Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Super Abrasives Price by Manufacturer (2017-2017)
10.4. Top 5 Super Abrasives Manufacturer Market Share
10.5. Market Competition Trend
11. Super Abrasives Market Forecast (2027-2023)
11.1. Global Super Abrasives Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Super Abrasives Market Forecast by Regions (2027-2023)
11.2.1. North America Super Abrasives Market Forecast (2027-2023)
11.2.1.1. United States Super Abrasives Market Forecast (2027-2023)
11.2.1.2. Canada Super Abrasives Market Forecast (2027-2023)
11.2.1.3. Mexico Super Abrasives Market Forecast (2027-2023)
11.2.2. Europe Super Abrasives Market Forecast (2027-2023)
11.2.2.1. Germany Super Abrasives Market Forecast (2027-2023)
11.2.2.2. United Kingdom Super Abrasives Market Forecast (2027-2023)
11.2.2.3. France Super Abrasives Market Forecast (2027-2023)
11.2.2.4. Russia Super Abrasives Market Forecast (2027-2023)
11.2.2.5. Italy Super Abrasives Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Super Abrasives Market Forecast (2027-2023)
11.2.3. Asia-Pacific Super Abrasives Market Forecast (2027-2023)
11.2.3.1. China Super Abrasives Market Forecast (2027-2023)
11.2.3.2. Japan Super Abrasives Market Forecast (2027-2023)
11.2.3.3. Korea Super Abrasives Market Forecast (2027-2023)
11.2.3.4. India Super Abrasives Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Super Abrasives Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Super Abrasives Market Forecast (2027-2023)
11.2.4. South America Super Abrasives Market Forecast (2027-2023)
11.2.4.1. Brazil Super Abrasives Market Forecast (2027-2023)
11.2.4.2. Argentina Super Abrasives Market Forecast (2027-2023)
11.2.4.3. Columbia Super Abrasives Market Forecast (2027-2023)
11.2.4.4. Rest of South America Super Abrasives Market Forecast (2027-2023)
11.2.5. Middle East and Africa Super Abrasives Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Super Abrasives Market Forecast (2027-2023)
11.2.5.2. UAE Super Abrasives Market Forecast (2027-2023)
11.2.5.3. Egypt Super Abrasives Market Forecast (2027-2023)
11.2.5.4. Nigeria Super Abrasives Market Forecast (2027-2023)
11.2.5.5. South Africa Super Abrasives Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Super Abrasives Market Forecast (2027-2023)
11.3. Super Abrasives Market Forecast by Material Type (2027-2023)
11.3.1. Global Super Abrasives Sales Forecast by Material Type (2027-2023)
11.3.2. Global Super Abrasives Sales Market Share Forecast by Material Type (2027-2023)
11.4. Super Abrasives Market Forecast by Application (2027-2023)
11.4.1. Global Super Abrasives Sales Forecast by Application (2027-2023)
11.4.2. Global Super Abrasives Sales Market Share Forecast by Application (2027-2023)
11.5. Super Abrasives Market Forecast by End User (2027-2023)
11.5.1. Global Super Abrasives Sales Forecast by End User (2027-2023)
11.5.2. Global Super Abrasives Sales Market Share Forecast by End User (2027-2023)
*You can glance through the list of Tables and Figures when you view the sample copy of Super Abrasives Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Super Abrasives Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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