Veterinary Laser Market By Product Type, By Laser Type And End Users- Global Industry Analysis And Forecast To 2023.
Published On : April 2018 Pages : 100 Category: Biotechnology Report Code : HC04714
Industry Trend Analysis:
The global veterinary laser market was estimated USD 83.96 million in 2017, and is expected to reach USD 192.36 million by 2023, registering a compound annual growth rate of 9.65%. Veterinary lasers uses specific wavelength of light to accelerate the tissue repair and to control the swelling, thus provides pain relieving solutions. They are mostly used for the treatment of the pets. Factors such as low treatment cost, less time consuming and safe treatment option is one of the driving factor for the growth of the market. The advancement in veterinary laser techniques, awareness among the consumers about per-care, and surgery availability option are also the driving factor for the growth of the market. The major limiting factor of the veterinary laser market is lack or absence of skilled professionals.
Product Outlook and Trend Analysis:
Based on the product the veterinary market is categorized into surgical lasers and therapeutic lasers. In terms of revenue, the therapeutic lasers segment dominates the global veterinary lasers market. Following this, is the surgical laser segment; it has been predicted that surgical laser segment will constantly dominate the market during the forecast period.
Laser Type Outlook and Trend Analysis:
Base on the types of laser the global veterinary laser market is segregated into class 2, class 3 and class 4. On the basis of laser types, class 3 segment has been dominating class 2 and class 4 segments. On the basis of volume, the class 3 segment has been consumed the most and is predicted to grow past a substantial units by the end of forecast period.
End User Outlook and Trend Analysis:
On the basis of the end users the global veterinary laser market is categorized into hospitals, clinics and others. The hospital segment among the others has acquired the largest share from the overall market and will continue to grow at a significant compound annual growth rate. On the other hand the veterinary clinics segment will witness considerably steady growth in the market.
Regional Outlook and Trend Analysis:
The North-American region has witnessed huge growth in the market. The market size here was estimated USDXX million in 2017 and is expected to grow at a higher compound annual growth rate. Latin-America has been one of the fastest developing and growing region, thus acquires the second largest market. On the other hand regions such as Asia-Pacific and Europe will have a steady growth in the market and is expected to garner maximum market share by 2023.
Competition Outlook and Trend Analysis:
The leading competitors for the global veterinary laser market are SpectraVET Inc., Biolase, Inc., LLC, K-Laser, LLC, Aesculight, Cutting Edge Laser Technologies, BS Direct Limited, Excel Lasers Limited, Aspen Laser Systems, and others.
The Veterinary Laser Market is segmented based on:
By Product:
- Surgical Laser
- Therapeutic Laser
By Laser Type:
- Class 2
- Class 3
- Class 4
By End Users:
- Hospitals
- Clinics
By Regions:
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- 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
· Veterinary Laser Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
o Surgical Laser
o Therapeutic Laser
· Veterinary Laser Market, By Laser Type, Estimates and Forecast, 2014-2023 ($Million)
o Class 2
o Class 3
o Class 4
· Veterinary Laser Market, By End Users, Estimates and Forecast, 2014-2023 ($Million)
o Hospitals
o Clinics
o Other Users
· Veterinary Laser Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Veterinary Laser Market, By Country
o U.S. Veterinary Laser Market
o Canada Veterinary Laser Market
o Mexico Veterinary Laser Market
o Europe
§ Europe Veterinary Laser Market, By Country
o Germany Veterinary Laser Market
o UK Veterinary Laser Market
o France Veterinary Laser Market
o Russia Veterinary Laser Market
o Italy Veterinary Laser Market
o Rest of Europe Veterinary Laser Market
o Asia-Pacific
§ Asia-Pacific Veterinary Laser Market, By Country
o China Veterinary Laser Market
o Japan Veterinary Laser Market
o South Korea Veterinary Laser Market
o India Veterinary Laser Market
o Southeast Asia Veterinary Laser Market
o Rest of Asia-Pacific Veterinary Laser Market
o South America
§ South America Veterinary Laser Market
o Brazil Veterinary Laser Market
o Argentina Veterinary Laser Market
o Columbia Veterinary Laser Market
o South Africa Veterinary Laser Market
o Rest of South America Veterinary Laser Market
o Middle East and Africa
§ Middle East and Africa Veterinary Laser Market
o Saudi Arabia Veterinary Laser Market
o UAE Veterinary Laser Market
o Egypt Veterinary Laser Market
o Nigeria Veterinary Laser Market
o South Africa Veterinary Laser Market
o Rest of MEA Veterinary Laser 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. Low Treatment Cost
3.2.1.2. Less time consumption
3.2.2. Restraints
3.2.2.1. High Cost of Implementation
3.2.3. Opportunities
3.2.3.1. Increase in awareness among the consumers about pet care
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. Veterinary Laser Market, By Product
5.1. Introduction
5.2. Global Veterinary Laser Sales, Revenue and Market Share By Product(2017-2027)
5.2.1. Global Veterinary Laser Sales and Sales Share By Product(2017-2027)
5.2.2. Global Veterinary Laser Revenue and Revenue Share By Product(2017-2027)
5.3. Surgical Laser
5.3.1. Global Surgical Laser Sales and Growth Rate (2017-2027)
5.4. Therapeutics Laser
5.4.1. Global Therapeutics Laser Sales and Growth Rate (2017-2027)
Rate (2017-2027)
5.5. Veterinary Laser Market, By Laser Type
5.6. Introduction
5.7. Global Veterinary Laser Sales, Revenue and Market Share by Laser Type(2017-2027)
5.7.1. Global Veterinary Laser Sales and Sales Share by Laser Type(2017-2027)
5.7.2. Global Veterinary Laser Revenue and Revenue Share by Laser Type(2017-2027)
5.8. Class 2
5.8.1. Global Class 2 Sales and Growth Rate (2017-2027)
5.9. Class 3
5.9.1. Global Class 3 Sales and Growth Rate (2017-2027)
5.10. Class 4
5.10.1. Global Class 4 Sales and Growth Rate (2017-2027)
6. Veterinary Laser Market, By End Users
6.1. Introduction
6.2. Global Veterinary Laser Sales, Revenue and Market Share by End Users(2017-2027)
6.2.1. Global Veterinary Laser Sales and Sales Share by End Users(2017-2027)
6.2.2. Global Veterinary Laser Revenue and Revenue Share by End Users(2017-2027)
6.3. Hospitals
6.3.1. Global Hospitals Sales and Growth Rate (2017-2027)
6.4. Clinics
6.4.1. Global Clinics Sales and Growth Rate (2017-2027)
7. Veterinary Laser Market, By Region
7.1. Introduction
7.2. Global Veterinary Laser Sales, Revenue and Market Share by Regions
7.2.1. Global Veterinary Laser Sales by Regions (2017-2027)
7.2.2. Global Veterinary Laser Revenue by Regions (2017-2027)
7.3. North America Veterinary Laser by Countries
7.3.1. North America Veterinary Laser Sales and Growth Rate (2017-2027)
7.3.2. North America Veterinary Laser Revenue and Growth Rate (2017-2027)
7.3.3. North America Veterinary Laser Sales by Countries (2017-2027)
7.3.4. North America Veterinary Laser Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Veterinary Laser Sales and Growth Rate (2017-2027)
7.3.5.2. United States Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Veterinary Laser Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Veterinary Laser Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Veterinary Laser Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Veterinary Laser by Countries
7.4.1. Europe Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.2. Europe Veterinary Laser Revenue and Growth Rate (2017-2027)
7.4.3. Europe Veterinary Laser Sales by Countries (2017-2027)
7.4.4. Europe Veterinary Laser Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.6.2. UK Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.7.2. France Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Veterinary Laser Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Veterinary Laser Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Veterinary Laser Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Veterinary Laser Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.5.2. China Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.7. Korea
7.5.7.1. Korea Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.8.2. India Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Veterinary Laser Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Veterinary Laser Sales and Growth Rate (2017-2027)
7.6.2. South America Veterinary Laser Revenue and Growth Rate (2017-2027)
7.6.3. South America Veterinary Laser Sales by Countries (2017-2027)
7.6.4. South America Veterinary Laser Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Veterinary Laser Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Veterinary Laser Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Veterinary Laser Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Veterinary Laser Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Veterinary Laser Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Veterinary Laser Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Veterinary Laser Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Veterinary Laser 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 Veterinary Laser Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Veterinary Laser Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. SpectraVET Inc
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Biolase, Inc., LLC
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. K-Laser, LLC
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Aesculight
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Cutting Edge Laser Technologies
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. BS Direct Limited
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Excel Lasers Limited
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Aspen Laser Systems
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
9. Global Veterinary Laser Market Competition, by Manufacturer
9.1. Global Veterinary Laser Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Veterinary Laser Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Veterinary Laser Price by Manufacturer (2017-2017)
9.4. Top 5 Veterinary Laser Manufacturer Market Share
9.5. Market Competition Trend
10. Veterinary Laser Market Forecast (2027-2023)
10.1. Global Veterinary Laser Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Veterinary Laser Market Forecast by Regions (2027-2023)
10.2.1. North America Veterinary Laser Market Forecast (2027-2023)
10.2.1.1. United States Veterinary Laser Market Forecast (2027-2023)
10.2.1.2. Canada Veterinary Laser Market Forecast (2027-2023)
10.2.1.3. Mexico Veterinary Laser Market Forecast (2027-2023)
10.2.2. Europe Veterinary Laser Market Forecast (2027-2023)
10.2.2.1. Germany Veterinary Laser Market Forecast (2027-2023)
10.2.2.2. United Kingdom Veterinary Laser Market Forecast (2027-2023)
10.2.2.3. France Veterinary Laser Market Forecast (2027-2023)
10.2.2.4. Russia Veterinary Laser Market Forecast (2027-2023)
10.2.2.5. Italy Veterinary Laser Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Veterinary Laser Market Forecast (2027-2023)
10.2.3. Asia-Pacific Veterinary Laser Market Forecast (2027-2023)
10.2.3.1. China Veterinary Laser Market Forecast (2027-2023)
10.2.3.2. Japan Veterinary Laser Market Forecast (2027-2023)
10.2.3.3. Korea Veterinary Laser Market Forecast (2027-2023)
10.2.3.4. India Veterinary Laser Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Veterinary Laser Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Veterinary Laser Market Forecast (2027-2023)
10.2.4. South America Veterinary Laser Market Forecast (2027-2023)
10.2.4.1. Brazil Veterinary Laser Market Forecast (2027-2023)
10.2.4.2. Argentina Veterinary Laser Market Forecast (2027-2023)
10.2.4.3. Columbia Veterinary Laser Market Forecast (2027-2023)
10.2.4.4. Rest of South America Veterinary Laser Market Forecast (2027-2023)
10.2.5. Middle East and Africa Veterinary Laser Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Veterinary Laser Market Forecast (2027-2023)
10.2.5.2. UAE Veterinary Laser Market Forecast (2027-2023)
10.2.5.3. Egypt Veterinary Laser Market Forecast (2027-2023)
10.2.5.4. Nigeria Veterinary Laser Market Forecast (2027-2023)
10.2.5.5. South Africa Veterinary Laser Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Veterinary Laser Market Forecast (2027-2023)
10.3. Veterinary Laser Market Forecast By Product(2027-2023)
10.3.1. Global Veterinary Laser Sales Forecast By Type(2027-2023)
10.3.2. Global Veterinary Laser Sales Market Share Forecast By Product(2027-2023)
10.4. Veterinary Laser Market Forecast by Laser Type(2027-2023)
10.4.1. Global Veterinary Laser Sales Forecast by Laser Type(2027-2023)
10.4.2. Global Veterinary Laser Sales Market Share Forecast by Laser Type(2027-2023)
10.5. Veterinary Laser Market Forecast by End User(2027-2023)
10.5.1. Global Veterinary Laser Sales Forecast by End User(2027-2023)
10.5.2. Global Veterinary Laser 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 Veterinary Laser Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Veterinary Laser 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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