Video Conferencing Market By Component And End User - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Communication Services Report Code : IC06855
Industry Outlook and Trend Analysis
The Video Conferencing Market was worth USD 4.28 billion in 2017 and is expected to reach approximately USD 8.44 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.82% during the forecast period. Video conferencing is associated with carrying out a conference by making use of telecommunication technologies for a real-time two-way transmission of audio and video. With rising globalization, companies are moving toward videoconference meetings in order to empower quicker basic leadership and lessen travel hassles. In the corporate section, video conferencing is majorly used for viable correspondence on real time basis over long distances at low cost and time and improve efficiency between groups based at various areas around the world. Moreover, it reduces travel costs and addresses client inquiries progressively.
Drivers and Restraints
The video conferencing market is observing huge development inferable from the rising appropriation of cloud-based video conferencing arrangements all inclusive. Expanding adoption of cloud-based video conferencing administrations has prompted execution of better encryption and secret key secured answers for cloud-based video conferencing systems over the world. Moreover, increasing usage of cloud-based solutions and rise of 3D innovation in video conferencing arrangements are a main factor increasing the demand for this solution globally.
Market Segmentation
The Video Conferencing Market is segmented on the basis of component and end user. Based on component the market is segmented into hardware, software, and services. In terms of end user the market is segmented into corporate enterprise, healthcare, government and defence, education, and others. Cloud-based video conferencing services provide enhanced accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site.
Regional Outlook and Trend Analysis
The APAC region possesses the biggest share; it is anticipated to encounter the highest growth rate over the forecast period. The increase in start-ups in this region would also help in market development. North America is expected to develop significantly in the following years due to the presence of major players in the region.
Competitive Insights
The major players in the market are Orange Business Services, Microsoft, Logitech, JOYCE CR Ltd, ZTE, Vidyo, Arkadin Cloud Communications, Adobe Systems and West Unified Communications Services. 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 Video Conferencing Market is segmented as follows-
By Component:
- Software
- On-premise
- Cloud-based
- Hardware
- Codec
- Microphone
- Camera
- Others
- Services
- Managed/Outsourced
- Others
By End User:
- Health Care
- Government
- Corporate Enterprise
- Education
- 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
· Video Conferencing Market, By Component, Estimates and Forecast, 2014-2023 ($Million)
· Hardware
o Camera
o Codec
o Microphone
o Others
· Software
o On-premise
o Cloud-based
· Services
o Managed/Outsourced
o Other Services
· Video Conferencing Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Corporate Enterprise
· Healthcare
· Government
· Education
· Other End Users
· Video Conferencing Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Video Conferencing Market, By Country
o U.S. Video Conferencing Market
o Canada Video Conferencing Market
o Mexico Video Conferencing Market
· Europe
§ Europe Video Conferencing Market, By Country
o Germany Video Conferencing Market
o UK Video Conferencing Market
o France Video Conferencing Market
o Russia Video Conferencing Market
o Italy Video Conferencing Market
o Rest of Europe Video Conferencing Market
· Asia-Pacific
§ Asia-Pacific Video Conferencing Market, By Country
o China Video Conferencing Market
o Japan Video Conferencing Market
o South Korea Video Conferencing Market
o India Video Conferencing Market
o Southeast Asia Video Conferencing Market
o Rest of Asia-Pacific Video Conferencing Market
· South America
§ South America Video Conferencing Market
o Brazil Video Conferencing Market
o Argentina Video Conferencing Market
o Columbia Video Conferencing Market
o South Africa Video Conferencing Market
o Rest of South America Video Conferencing Market
· Middle East and Africa
§ Middle East and Africa Video Conferencing Market
o Saudi Arabia Video Conferencing Market
o UAE Video Conferencing Market
o Egypt Video Conferencing Market
o Nigeria Video Conferencing Market
o South Africa Video Conferencing Market
o Rest of MEA Video Conferencing 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. Video Conferencing Market, By Component
5.1. Introduction
5.2. Global Video Conferencing Sales, Revenue and Market Share by Component (2017-2027)
5.2.1. Global Video Conferencing Sales and Sales Share by Component (2017-2027)
5.2.2. Global Video Conferencing Revenue and Revenue Share by Component (2017-2027)
5.3. Hardware
5.3.1. Global Hardware Sales and Growth Rate By Type (2017-2027)
5.3.2. Global Hardware Sales and Growth Rate (2017-2027)
5.3.3. Camera
5.3.3.1. Global Camera Sales and Growth Rate (2017-2027)
5.3.4. Codec
5.3.4.1. Global Codec Sales and Growth Rate (2017-2027)
5.3.5. Microphone
5.3.5.1. Global Microphone Sales and Growth Rate (2017-2027)
5.3.6. Others
5.3.6.1. Global Others Sales and Growth Rate (2017-2027)
5.4. Software
5.4.1. Global Software Sales and Growth Rate By Type (2017-2027)
5.4.2. Global Software Sales and Growth Rate (2017-2027)
5.4.3. On-premise
5.4.3.1. Global On-premise Sales and Growth Rate (2017-2027)
5.4.4. Cloud-based
5.4.4.1. Global Cloud-based Sales and Growth Rate (2017-2027)
5.5. Services
5.5.1. Global Services Sales and Growth Rate By Type (2017-2027)
5.5.2. Global Services Sales and Growth Rate (2017-2027)
5.5.3. Managed/Outsourced
5.5.3.1. Global Managed/Outsourced Sales and Growth Rate (2017-2027)
5.5.4. Other Services
5.5.4.1. Global Other Services Sales and Growth Rate (2017-2027)
6. Video Conferencing Market, By End User
6.1. Introduction
6.2. Global Video Conferencing Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Video Conferencing Sales and Sales Share by End User (2017-2027)
6.2.2. Global Video Conferencing Revenue and Revenue Share by End User (2017-2027)
6.3. Corporate Enterprise
6.3.1. Global Corporate Enterprise Sales and Growth Rate (2017-2027)
6.4. Healthcare
6.4.1. Global Healthcare Sales and Growth Rate (2017-2027)
6.5. Government
6.5.1. Global Government Sales and Growth Rate (2017-2027)
6.6. Education
6.6.1. Global Education Sales and Growth Rate (2017-2027)
6.7. Other End Users
6.7.1. Global Other End Users Sales and Growth Rate (2017-2027)
7. Video Conferencing Market, By Region
7.1. Introduction
7.2. Global Video Conferencing Sales, Revenue and Market Share by Regions
7.2.1. Global Video Conferencing Sales by Regions (2017-2027)
7.2.2. Global Video Conferencing Revenue by Regions (2017-2027)
7.3. North America Video Conferencing by Countries
7.3.1. North America Video Conferencing Sales and Growth Rate (2017-2027)
7.3.2. North America Video Conferencing Revenue and Growth Rate (2017-2027)
7.3.3. North America Video Conferencing Sales by Countries (2017-2027)
7.3.4. North America Video Conferencing Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Video Conferencing Sales and Growth Rate (2017-2027)
7.3.5.2. United States Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Video Conferencing Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Video Conferencing Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Video Conferencing Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Video Conferencing by Countries
7.4.1. Europe Video Conferencing Sales and Growth Rate (2017-2027)
7.4.2. Europe Video Conferencing Revenue and Growth Rate (2017-2027)
7.4.3. Europe Video Conferencing Sales by Countries (2017-2027)
7.4.4. Europe Video Conferencing Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Video Conferencing Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Video Conferencing Sales and Growth Rate (2017-2027)
7.4.6.2. UK Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Video Conferencing Sales and Growth Rate (2017-2027)
7.4.7.2. France Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Video Conferencing Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Video Conferencing Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Video Conferencing Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Video Conferencing Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Video Conferencing Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Video Conferencing Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Video Conferencing Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Video Conferencing Sales and Growth Rate (2017-2027)
7.5.5.2. China Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Video Conferencing Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Video Conferencing Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Video Conferencing Sales and Growth Rate (2017-2027)
7.5.8.2. India Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Video Conferencing Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Video Conferencing Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Video Conferencing Sales and Growth Rate (2017-2027)
7.6.2. South America Video Conferencing Revenue and Growth Rate (2017-2027)
7.6.3. South America Video Conferencing Sales by Countries (2017-2027)
7.6.4. South America Video Conferencing Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Video Conferencing Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Video Conferencing Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Video Conferencing Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Video Conferencing Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Video Conferencing Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Video Conferencing Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Video Conferencing Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Video Conferencing Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Video Conferencing Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Video Conferencing Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Video Conferencing Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Video Conferencing Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Video Conferencing Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Video Conferencing 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 Video Conferencing Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Video Conferencing Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Adobe Systems Incorporated
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. Arkadin Cloud Communications
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. Cisco Systems, Inc.
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. Huawei Technologies Co., Ltd.
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. JOYCE CR, S.R.O.
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. Logitech International S.A.
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. Microsoft Corporation
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. Orange Business Services
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Polycom, Inc.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Vidyo, Inc.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Video Conferencing Market Competition, by Manufacturer
9.1. Global Video Conferencing Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Video Conferencing Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Video Conferencing Price by Manufacturer (2017-2017)
9.4. Top 5 Video Conferencing Manufacturer Market Share
9.5. Market Competition Trend
10. Video Conferencing Market Forecast (2027-2023)
10.1. Global Video Conferencing Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Video Conferencing Market Forecast by Regions (2027-2023)
10.2.1. North America Video Conferencing Market Forecast (2027-2023)
10.2.1.1. United States Video Conferencing Market Forecast (2027-2023)
10.2.1.2. Canada Video Conferencing Market Forecast (2027-2023)
10.2.1.3. Mexico Video Conferencing Market Forecast (2027-2023)
10.2.2. Europe Video Conferencing Market Forecast (2027-2023)
10.2.2.1. Germany Video Conferencing Market Forecast (2027-2023)
10.2.2.2. United Kingdom Video Conferencing Market Forecast (2027-2023)
10.2.2.3. France Video Conferencing Market Forecast (2027-2023)
10.2.2.4. Russia Video Conferencing Market Forecast (2027-2023)
10.2.2.5. Italy Video Conferencing Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Video Conferencing Market Forecast (2027-2023)
10.2.3. Asia-Pacific Video Conferencing Market Forecast (2027-2023)
10.2.3.1. China Video Conferencing Market Forecast (2027-2023)
10.2.3.2. Japan Video Conferencing Market Forecast (2027-2023)
10.2.3.3. Korea Video Conferencing Market Forecast (2027-2023)
10.2.3.4. India Video Conferencing Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Video Conferencing Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Video Conferencing Market Forecast (2027-2023)
10.2.4. South America Video Conferencing Market Forecast (2027-2023)
10.2.4.1. Brazil Video Conferencing Market Forecast (2027-2023)
10.2.4.2. Argentina Video Conferencing Market Forecast (2027-2023)
10.2.4.3. Columbia Video Conferencing Market Forecast (2027-2023)
10.2.4.4. Rest of South America Video Conferencing Market Forecast (2027-2023)
10.2.5. Middle East and Africa Video Conferencing Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Video Conferencing Market Forecast (2027-2023)
10.2.5.2. UAE Video Conferencing Market Forecast (2027-2023)
10.2.5.3. Egypt Video Conferencing Market Forecast (2027-2023)
10.2.5.4. Nigeria Video Conferencing Market Forecast (2027-2023)
10.2.5.5. South Africa Video Conferencing Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Video Conferencing Market Forecast (2027-2023)
10.3. Video Conferencing Market Forecast by Component (2027-2023)
10.3.1. Global Video Conferencing Sales Forecast by Component (2027-2023)
10.3.2. Global Video Conferencing Sales Market Share Forecast by Component (2027-2023)
10.4. Video Conferencing Market Forecast by End User (2027-2023)
10.4.1. Global Video Conferencing Sales Forecast by End User (2027-2023)
10.4.2. Global Video Conferencing Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Video Conferencing 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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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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