Surgical Robot Market By Product (systems, Instrument And Accessories & Service), Brand (da Vinci Surgical System, Cyber Knife, Rosa, Mako, Renaissance And Other Brands) And Application (eneral Surgery, Urology, Orthopedic, Neurosurgery, Cardiovascular, Gynecology, Radiology, Transplant, Gastro-intestinal And Other Applications)- Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071120
Industry Outlook and Trend Analysis
The rising frequencies of chronic diseases combined with expanding aged populace inclined to these maladies are anticipated to support the development of the market. With rising occurrences of these conditions and expanding aged populace base, the likelihood of surgical mediation expanded multi-fold, subsequently impelling the business development. The pervasiveness of conditions, for example, cardiovascular, diabetes, cancer, disorders and neurological issue is developing universally.
Product Outlook and Trend Analysis
Based on product, services are foreseen to be the quickest developing section inferable from the high support required by these frameworks. Key players for the most part give a service contract at the season of offer of framework on yearly basis, which can be restored by the hospitals. The services are comprehensive of beginning preparing and routine innovation moving up to streamline the system execution.
Brand Outlook and Trend Analysis
Brand wise, da Vinci is the pioneer in 2017 because of its situation as the primary mover of the business. These frameworks have been monetarily accessible since 2000 and have as of late experienced patent expiry prompting the advent of new players. Over the conjecture time frame, MAKO is foreseen to witness the speediest development attributable to an ascent in orthopaedic surgical volume alongside collaborative marketing endeavours for the framework by Stryker Corporation.
Application Outlook and Trend Analysis
On the basis of applications, Gynaecology frames the biggest section and contributes around 30.0% of the income in 2017. The expanding adoption rate by the U.S. gynaecologists in leading strategies, for example, prostatectomy, is a growth rendering driver and is anticipated to additionally push the development over the gauge time frame.
Regional Outlook and Trend Analysis
North America is anticipated to command the business over the gauge time frame with a massive contribution by the U.S. area. In 2017, the U.S. held around 60.0% of the worldwide share. The U.S. market for surgical robotics is foreseen to be driven by the budgetary capacity of clinics to put resources into these frameworks, key coordinated effort with protection players, rising patient awareness inferable from superior healthcare results, and general awareness about computer-assisted medical procedures. Asia Pacific is foreseen to witness the speediest development over the estimate time frame because of rising levels of income, continually enhancing human services use, and general development of GDP in the locale.
Key Players
The key players of the global market of this industry are Intuitive Surgical, Inc., Accuray, Stryker Corporation/MAKO, Medtech Surgical, Hansen Medical, Medrobotics Corporation, TransEnterix, Titan Medical, Inc., Renishaw Plc, OR Productivity Plc.
The Surgical Robots Market is segmented based on regions as follows-
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
· Surgical Robot Market, By Product, Estimates and Forecast, 2014-2023($Billion)
o Systems
o Instrument and Accessories
o Services
· Surgical Robot Market, By Brand, Estimates and Forecast, 2014-2023($Billion)
o da Vinci Surgical Systems
o CyberKnife
o Rosa
o MAKO
o Renaissance
o Other Brands
· Surgical Robot Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o General surgery
o Urology
o Orthopedic
o Neurosurgery
o Cardiovascular
o Gynecology
o Radiology
o Transplant
o Gastro-intestinal
o Other Applications
· Surgical Robot Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Surgical Robot Market, By Country
o U.S. Surgical Robot Market
o Canada Surgical Robot Market
o Mexico Surgical Robot Market
o Europe
§ Europe Surgical Robot Market, By Country
o Germany Surgical Robot Market
o UK Surgical Robot Market
o France Surgical Robot Market
o Russia Surgical Robot Market
o Italy Surgical Robot Market
o Rest of Europe Surgical Robot Market
o Asia-Pacific
§ Asia-Pacific Surgical Robot Market, By Country
o China Surgical Robot Market
o Japan Surgical Robot Market
o South Korea Surgical Robot Market
o India Surgical Robot Market
o Southeast Asia Surgical Robot Market
o Rest of Asia-Pacific Surgical Robot Market
o South America
§ South America Surgical Robot Market
o Brazil Surgical Robot Market
o Argentina Surgical Robot Market
o Columbia Surgical Robot Market
o South Africa Surgical Robot Market
o Rest of South America Surgical Robot Market
o Middle East and Africa
§ Middle East and Africa Surgical Robot Market
o Saudi Arabia Surgical Robot Market
o UAE Surgical Robot Market
o Egypt Surgical Robot Market
o Nigeria Surgical Robot Market
o South Africa Surgical Robot Market
o Rest of MEA Surgical Robot 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. Surgical Robot Market, By Product
5.1. Introduction
5.2. Global Surgical Robot Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Surgical Robot Sales and Sales Share by Product (2017-2027)
5.2.2. Global Surgical Robot Revenue and Revenue Share by Product (2017-2027)
5.3. Systems
5.3.1. Global Systems Sales and Growth Rate (2017-2027)
5.4. Instrument and Accessories
5.4.1. Global Instrument and Accessories Sales and Growth Rate (2017-2027)
5.5. Services
5.5.1. Global Services Sales and Growth Rate (2017-2027)
6. Surgical Robot Market, By Brand
6.1. Introduction
6.2. Global Surgical Robot Sales, Revenue and Market Share by Brand (2017-2027)
6.2.1. Global Surgical Robot Sales and Sales Share by Brand (2017-2027)
6.2.2. Global Surgical Robot Revenue and Revenue Share by Brand (2017-2027)
6.3. da Vinci Surgical Systems
6.3.1. Global da Vinci Surgical Systems Sales and Growth Rate (2017-2027)
6.4. CyberKnife
6.4.1. Global CyberKnife Sales and Growth Rate (2017-2027)
6.5. Rosa
6.5.1. Global Rosa Sales and Growth Rate (2017-2027)
6.6. MAKO
6.6.1. Global MAKO Sales and Growth Rate (2017-2027)
6.7. Renaissance
6.7.1. Global Renaissance Sales and Growth Rate (2017-2027)
6.8. Other Brands
6.8.1. Global Other Brands Sales and Growth Rate (2017-2027)
7. Surgical Robot Market, By Application
7.1. Introduction
7.2. Global Surgical Robot Sales, Revenue and Market Share by Application (2017-2027)
7.2.1. Global Surgical Robot Sales and Sales Share by Application (2017-2027)
7.2.2. Global Surgical Robot Revenue and Revenue Share by Application (2017-2027)
7.3. General surgery
7.3.1. Global General surgery Sales and Growth Rate (2017-2027)
7.4. Urology
7.4.1. Global Urology Sales and Growth Rate (2017-2027)
7.5. Orthopedic
7.5.1. Global Orthopedic Sales and Growth Rate (2017-2027)
7.6. Neurosurgery
7.6.1. Global Neurosurgery Sales and Growth Rate (2017-2027)
7.7. Cardiovascular
7.7.1. Global Cardiovascular Sales and Growth Rate (2017-2027)
7.8. Gynecology
7.8.1. Global Gynecology Sales and Growth Rate (2017-2027)
7.9. Radiology
7.9.1. Global Radiology Sales and Growth Rate (2017-2027)
7.10. Transplant
7.10.1. Global Transplant Sales and Growth Rate (2017-2027)
7.11. Gastro-intestinal
7.11.1. Global Gastro-intestinal Sales and Growth Rate (2017-2027)
7.12. Other Applications
7.12.1. Global Other Applications Sales and Growth Rate (2017-2027)
8. Surgical Robot Market, By Region
8.1. Introduction
8.2. Global Surgical Robot Sales, Revenue and Market Share by Regions
8.2.1. Global Surgical Robot Sales by Regions (2017-2027)
8.2.2. Global Surgical Robot Revenue by Regions (2017-2027)
8.3. North America Surgical Robot by Countries
8.3.1. North America Surgical Robot Sales and Growth Rate (2017-2027)
8.3.2. North America Surgical Robot Revenue and Growth Rate (2017-2027)
8.3.3. North America Surgical Robot Sales by Countries (2017-2027)
8.3.4. North America Surgical Robot Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Surgical Robot Sales and Growth Rate (2017-2027)
8.3.5.2. United States Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Surgical Robot Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Surgical Robot Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Surgical Robot Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Surgical Robot by Countries
8.4.1. Europe Surgical Robot Sales and Growth Rate (2017-2027)
8.4.2. Europe Surgical Robot Revenue and Growth Rate (2017-2027)
8.4.3. Europe Surgical Robot Sales by Countries (2017-2027)
8.4.4. Europe Surgical Robot Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Surgical Robot Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Surgical Robot Sales and Growth Rate (2017-2027)
8.4.6.2. UK Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Surgical Robot Sales and Growth Rate (2017-2027)
8.4.7.2. France Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Surgical Robot Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Surgical Robot Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Surgical Robot Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Surgical Robot Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Surgical Robot Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Surgical Robot Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Surgical Robot Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Surgical Robot Sales and Growth Rate (2017-2027)
8.5.5.2. China Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Surgical Robot Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Surgical Robot Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Surgical Robot Sales and Growth Rate (2017-2027)
8.5.8.2. India Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Surgical Robot Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Surgical Robot Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Surgical Robot Sales and Growth Rate (2017-2027)
8.6.2. South America Surgical Robot Revenue and Growth Rate (2017-2027)
8.6.3. South America Surgical Robot Sales by Countries (2017-2027)
8.6.4. South America Surgical Robot Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Surgical Robot Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Surgical Robot Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Surgical Robot Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Surgical Robot Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Surgical Robot Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Surgical Robot Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Surgical Robot Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Surgical Robot Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Surgical Robot Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Surgical Robot Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Surgical Robot Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Surgical Robot Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Surgical Robot Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Surgical Robot 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 Surgical Robot Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Surgical Robot Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Intuitive Surgical, Inc.
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. Accuray
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. Stryker Corporation/MAKO
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. Medtech Surgical
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. Hansen Medical
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. Medrobotics Corporation
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. TransEnterix
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. Titan Medical, Inc.
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. Renishaw Plc
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. OR Productivity Plc
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 Surgical Robot Market Competition, by Manufacturer
10.1. Global Surgical Robot Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Surgical Robot Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Surgical Robot Price by Manufacturer (2017-2017)
10.4. Top 5 Surgical Robot Manufacturer Market Share
10.5. Market Competition Trend
11. Surgical Robot Market Forecast (2027-2023)
11.1. Global Surgical Robot Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Surgical Robot Market Forecast by Regions (2027-2023)
11.2.1. North America Surgical Robot Market Forecast (2027-2023)
11.2.1.1. United States Surgical Robot Market Forecast (2027-2023)
11.2.1.2. Canada Surgical Robot Market Forecast (2027-2023)
11.2.1.3. Mexico Surgical Robot Market Forecast (2027-2023)
11.2.2. Europe Surgical Robot Market Forecast (2027-2023)
11.2.2.1. Germany Surgical Robot Market Forecast (2027-2023)
11.2.2.2. United Kingdom Surgical Robots Market Forecast (2027-2023)
11.2.2.3. France Surgical Robot Market Forecast (2027-2023)
11.2.2.4. Russia Surgical Robot Market Forecast (2027-2023)
11.2.2.5. Italy Surgical Robot Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Surgical Robot Market Forecast (2027-2023)
11.2.3. Asia-Pacific Surgical Robot Market Forecast (2027-2023)
11.2.3.1. China Surgical Robot Market Forecast (2027-2023)
11.2.3.2. Japan Surgical Robot Market Forecast (2027-2023)
11.2.3.3. Korea Surgical Robot Market Forecast (2027-2023)
11.2.3.4. India Surgical Robot Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Surgical Robot Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Surgical Robot Market Forecast (2027-2023)
11.2.4. South America Surgical Robot Market Forecast (2027-2023)
11.2.4.1. Brazil Surgical Robot Market Forecast (2027-2023)
11.2.4.2. Argentina Surgical Robot Market Forecast (2027-2023)
11.2.4.3. Columbia Surgical Robot Market Forecast (2027-2023)
11.2.4.4. Rest of South America Surgical Robot Market Forecast (2027-2023)
11.2.5. Middle East and Africa Surgical Robot Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Surgical Robot Market Forecast (2027-2023)
11.2.5.2. UAE Surgical Robot Market Forecast (2027-2023)
11.2.5.3. Egypt Surgical Robot Market Forecast (2027-2023)
11.2.5.4. Nigeria Surgical Robot Market Forecast (2027-2023)
11.2.5.5. South Africa Surgical Robot Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Surgical Robot Market Forecast (2027-2023)
11.3. Surgical Robot Market Forecast by Product (2027-2023)
11.3.1. Global Surgical Robot Sales Forecast by Product (2027-2023)
11.3.2. Global Surgical Robot Sales Market Share Forecast by Product (2027-2023)
11.4. Surgical Robot Market Forecast by Brand (2027-2023)
11.4.1. Global Surgical Robot Sales Forecast by Brand (2027-2023)
11.4.2. Global Surgical Robot Sales Market Share Forecast by Brand (2027-2023)
11.5. Surgical Robot Market Forecast by Application (2027-2023)
11.5.1. Global Surgical Robot Sales Forecast by Application (2027-2023)
11.5.2. Global Surgical Robot 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 Surgical Robot 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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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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