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Zinc-air Batteries Market By Product And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Energy & Mining Report Code : EM06965
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Zinc-Air Batteries Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Zinc-air batteries are metal-air batteries that use oxidized zinc when they interact with oxygen in the atmosphere. They get activated when oxygen is ingested into the electrolyte through membrane and diffused specifically into the battery. Zinc-air batteries are non-rechargeable; nonetheless, researches are being conducted to create rechargeable ones, which would have the capacity to limit a lot of electronic waste produced by disposal of these batteries after use. Zinc-air batteries have high energy density, which makes them more effective in comparison with the customary batteries. This component of the batteries is anticipated to support the market for zinc-air batteries Zinc is created in extensive amount and is accessible in abundance. Additionally, fabricating cost of these batteries is low.
Drivers and Restraints
A large portion of the properties of zinc-air batteries are similar with those of lithium ion batteries; in any case, the previous gives an extra preferred standpoint of not requiring any unstable material for their generation. Therefore, dissimilar to lithium ion batteries, they are not inclined to catching fire when used as a part of high-temperature working conditions. There is commonly a decrease in voltage of traditional batteries as they get released. Nonetheless, this isn't the situation with zinc-air batteries as they reflect a flat discharge voltage. Hence, the voltage stays steady until the point that the battery gets totally depleted, subsequently giving a uniform and consistent generation of energy till they are totally released. These benefits of zinc-air batteries are anticipated to drive the market in the following couple of years. However, the execution of zinc-air batteries is subject to ecological conditions. Exposure of electrolyte to oxygen noticeable all around amid actuation makes it prone to drying out.
Market Segmentation
The Zinc-Air Batteries Market is segmented on the basis of product and end user. Based on product the market is segmented into primary, secondary and mechanical recharge. Based on end user the market is segmented into Hearing Aid and Medical Field. In the medical field, zinc-air batteries are used in cardiac telemetry monitors employed for continuous monitoring of patients. Bone growth simulators used to repair broken bones also make use of zinc-air batteries. Similarly, household applications of zinc-air batteries include hearing aids, mobile phones, watches, and digital cameras.
Regional Outlook and Trend Analysis
Ascend in accentuation to check down the vehicular emission by using lightweight batteries and increment popular for electric vehicles in North America and Europe are probably going to support the zinc-air battery market in the following couple of years. Moreover, the expanding requirement for proficient zinc-air military batteries in unmanned aerial vehicles (UAV) and kept an eye on elevated vehicles (MAV) is driving the market in North America.
Competitive Insights
The leading players in the market are House of Batteries Ltd, The Jauch Group, NEXcell Battery Co Ltd, ZAF Energy Systems Inc, Energizer, Duracell International Inc, Toshiba, Panasonic, Arotech Corporation, Renata, Spectrum Brands, Enzinc Inc and Power-One Microsystems Pvt Ltd. 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 Zinc-Air Batteries Market is segmented as follows-
By Product:
- Primary
- Secondary
- Mechanical Recharge
By End User:
- Hearing Aid
- Medical Field
- Other
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
· Zinc-Air Batteries Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Primary (Non-Rechargeable)
· Secondary (Rechargeable)
· Mechanical Recharge
· Zinc-Air Batteries Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Hearing Aid
· Medical Field
· Other Applications
· Zinc-Air Batteries Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Zinc-Air Batteries Market, By Country
o U.S. Zinc-Air Batteries Market
o Canada Zinc-Air Batteries Market
o Mexico Zinc-Air Batteries Market
· Europe
§ Europe Zinc-Air Batteries Market, By Country
o Germany Zinc-Air Batteries Market
o UK Zinc-Air Batteries Market
o France Zinc-Air Batteries Market
o Russia Zinc-Air Batteries Market
o Italy Zinc-Air Batteries Market
o Rest of Europe Zinc-Air Batteries Market
· Asia-Pacific
§ Asia-Pacific Zinc-Air Batteries Market, By Country
o China Zinc-Air Batteries Market
o Japan Zinc-Air Batteries Market
o South Korea Zinc-Air Batteries Market
o India Zinc-Air Batteries Market
o Southeast Asia Zinc-Air Batteries Market
o Rest of Asia-Pacific Zinc-Air Batteries Market
· South America
§ South America Zinc-Air Batteries Market
o Brazil Zinc-Air Batteries Market
o Argentina Zinc-Air Batteries Market
o Columbia Zinc-Air Batteries Market
o South Africa Zinc-Air Batteries Market
o Rest of South America Zinc-Air Batteries Market
· Middle East and Africa
§ Middle East and Africa Zinc-Air Batteries Market
o Saudi Arabia Zinc-Air Batteries Market
o UAE Zinc-Air Batteries Market
o Egypt Zinc-Air Batteries Market
o Nigeria Zinc-Air Batteries Market
o South Africa Zinc-Air Batteries Market
o Rest of MEA Zinc-Air Batteries 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. Zinc-Air Batteries Market, By Product
5.1. Introduction
5.2. Global Zinc-Air Batteries Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Zinc-Air Batteries Sales and Sales Share by Product (2017-2027)
5.2.2. Global Zinc-Air Batteries Revenue and Revenue Share by Product (2017-2027)
5.3. Primary (Non-Rechargeable)
5.3.1. Global Primary (Non-Rechargeable) Sales and Growth Rate (2017-2027)
5.4. Secondary (Rechargeable)
5.4.1. Global Secondary (Rechargeable) Sales and Growth Rate (2017-2027)
5.5. Mechanical Recharge
5.5.1. Global Mechanical Recharge Sales and Growth Rate (2017-2027)
6. Zinc-Air Batteries Market, By Application
6.1. Introduction
6.2. Global Zinc-Air Batteries Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Zinc-Air Batteries Sales and Sales Share by Application (2017-2027)
6.2.2. Global Zinc-Air Batteries Revenue and Revenue Share by Application (2017-2027)
6.3. Hearing Aid
6.3.1. Global Hearing Aid Sales and Growth Rate (2017-2027)
6.4. Medical Field
6.4.1. Global Medical Field Sales and Growth Rate (2017-2027)
6.5. Other Applications
6.5.1. Global Other Applications Sales and Growth Rate (2017-2027)
7. Zinc-Air Batteries Market, By Region
7.1. Introduction
7.2. Global Zinc-Air Batteries Sales, Revenue and Market Share by Regions
7.2.1. Global Zinc-Air Batteries Sales by Regions (2017-2027)
7.2.2. Global Zinc-Air Batteries Revenue by Regions (2017-2027)
7.3. North America Zinc-Air Batteries by Countries
7.3.1. North America Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.3.2. North America Zinc-Air Batteries Revenue and Growth Rate (2017-2027)
7.3.3. North America Zinc-Air Batteries Sales by Countries (2017-2027)
7.3.4. North America Zinc-Air Batteries Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.3.5.2. United States Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Zinc-Air Batteries Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Zinc-Air Batteries by Countries
7.4.1. Europe Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.2. Europe Zinc-Air Batteries Revenue and Growth Rate (2017-2027)
7.4.3. Europe Zinc-Air Batteries Sales by Countries (2017-2027)
7.4.4. Europe Zinc-Air Batteries Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.6.2. UK Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.7.2. France Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Zinc-Air Batteries Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Zinc-Air Batteries Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Zinc-Air Batteries Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.5.2. China Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.8.2. India Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.6.2. South America Zinc-Air Batteries Revenue and Growth Rate (2017-2027)
7.6.3. South America Zinc-Air Batteries Sales by Countries (2017-2027)
7.6.4. South America Zinc-Air Batteries Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Zinc-Air Batteries Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Zinc-Air Batteries Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Zinc-Air Batteries Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Zinc-Air Batteries 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 Zinc-Air Batteries Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Zinc-Air Batteries Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Rayovac
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. Energizer
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. Arotech
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. Duracell
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. Power one
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. Camelion
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. Panasonic
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. House of Batteries
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. En Zinc
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. Jauch Group
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 Zinc-Air Batteries Market Competition, by Manufacturer
9.1. Global Zinc-Air Batteries Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Zinc-Air Batteries Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Zinc-Air Batteries Price by Manufacturer (2017-2017)
9.4. Top 5 Zinc-Air Batteries Manufacturer Market Share
9.5. Market Competition Trend
10. Zinc-Air Batteries Market Forecast (2027-2023)
10.1. Global Zinc-Air Batteries Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Zinc-Air Batteries Market Forecast by Regions (2027-2023)
10.2.1. North America Zinc-Air Batteries Market Forecast (2027-2023)
10.2.1.1. United States Zinc-Air Batteries Market Forecast (2027-2023)
10.2.1.2. Canada Zinc-Air Batteries Market Forecast (2027-2023)
10.2.1.3. Mexico Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2. Europe Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.1. Germany Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.2. United Kingdom Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.3. France Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.4. Russia Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.5. Italy Zinc-Air Batteries Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3. Asia-Pacific Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.1. China Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.2. Japan Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.3. Korea Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.4. India Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Zinc-Air Batteries Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Zinc-Air Batteries Market Forecast (2027-2023)
10.2.4. South America Zinc-Air Batteries Market Forecast (2027-2023)
10.2.4.1. Brazil Zinc-Air Batteries Market Forecast (2027-2023)
10.2.4.2. Argentina Zinc-Air Batteries Market Forecast (2027-2023)
10.2.4.3. Columbia Zinc-Air Batteries Market Forecast (2027-2023)
10.2.4.4. Rest of South America Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5. Middle East and Africa Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.2. UAE Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.3. Egypt Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.4. Nigeria Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.5. South Africa Zinc-Air Batteries Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Zinc-Air Batteries Market Forecast (2027-2023)
10.3. Zinc-Air Batteries Market Forecast by Product (2027-2023)
10.3.1. Global Zinc-Air Batteries Sales Forecast by Product (2027-2023)
10.3.2. Global Zinc-Air Batteries Sales Market Share Forecast by Product (2027-2023)
10.4. Zinc-Air Batteries Market Forecast by Application (2027-2023)
10.4.1. Global Zinc-Air Batteries Sales Forecast by Application (2027-2023)
10.4.2. Global Zinc-Air Batteries 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 Zinc-Air Batteries Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
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Demand Side |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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