Breast Imaging Technologies Market by Product - Global Industry Analysis and Forecast to 2025

Published On : July 2017 Pages : 95 Category: Medical Devices Report Code : HC06156

Industry Trend Analysis

The global breast imaging technologies market is projected to be around $6 billion by 2025. The market is primarily driven by increasing prevalence of breast cancer worldwide. As per the statistical analysis conducted by GLOBOCAN in 2012, around 1.8 million new breast cancer cases were estimated for 2015 and this number was further projected to reach 2.4 million by 2030. Such significant prevalence of breast cancer will largely contribute to the growth of breast imaging technologies market during the forecast period. Rising geriatric population, increasing awareness related to early breast cancer detection and technological advancement in breast imaging technologies are expected to further propel the market growth during the forecast period. Favorable initiatives undertaken by government and private agencies to increase awareness related to breast cancer and its treatment will also contribute significantly to the market growth in coming years. However, restraining factors such as high costs of breast imaging systems along with stringent regulatory approval procedures can hamper the growth of breast imaging technologies market during the forecast period.

Product Outlook and Trend Analysis

Ionizing breast imaging technologies segment held the larger market share in 2016 as they provide critical information related to the occurrence or re-occurrence of tumor aiding the physicians to take timely remedial measures. 3D breast tomosynthesis market is expected to exhibit fastest growth during the forecast period as breast cancer in women with dense breast tissues can be easily detected using this technology. Full-field digital mammography segment held the major share of the market in 2016 as the technology uses reduced radiation dose as compared to film mammography and is a time efficient modality.

Non-ionizing breast imaging technologies segment is anticipated to show fastest growth over the forecast period owing to the introduction of advanced breast imaging modalities such as automated whole breast ultrasound. Breast MRI segment held the largest share of the non-ionizing breast imaging technologies market in 2016 owing to its high sensitivity towards small abnormalities and its ability to visualize the breast in any orientation. 

Regional Outlook and Trend Analysis

North America held the largest share of the global breast imaging technologies market in 2016 owing to rising occurrence of breast cancer in the region along with the availability of advanced healthcare infrastructure. Asia-Pacific market is expected to exhibit fastest growth during the forecast period owing to increasing healthcare expenditure in the region along with rising patient population and favorable initiatives undertaken by government and private bodies to raise awareness about breast cancer. For instance, in July 2016, Tata Trusts launched India’s largest screening drive for breast cancer in association with Prashanti Cancer Care Mission and Swasth India Foundation in Pune, targeting over 2.3 lakh women. In a similar initiative, in March 2017, Fujifilm India Pvt. Ltd, organized a breast cancer awareness program at Action Cancer Hospital in New Delhi as a mark to celebrate international women’s day. Such awareness initiatives can largely contribute to the growth of breast imaging technologies market during the forecast period.

Competitive Analysis

The major players operating in the breast imaging technologies market emphasize on product approvals followed by product launches and subsequent upgrades in order to gain competitive advantage over other players. Furthermore, these players focus on collaborations such as agreements and partnerships to strengthen their product portfolio and expand their distribution network in new markets. For instance, in November 2015, Dilon Technologies, Inc. and GE Healthcare (a division of General Electric Company) signed an agreement wherein, Dilon will distribute GE Healthcare’s Discovery NM750b molecular breast imaging system in selected geographical markets. The agreement provided GE Healthcare, access to Dilon’s experienced distribution network to expand its presence in new markets.

Some of the main players in the global breast imaging technologies market are, Dilon Technologies, Inc., GE Healthcare, Hologic, Inc., Siemens AG, Koninklijke Philips N.V., Gamma Medica Inc., SonoCiné, Inc., Toshiba Medical Systems Corporation (acquired by Canon, Inc. in December 2016), Aurora Imaging Technology, Inc. and Fujifilm Holdings Corporation.

Market Opportunities

Development of next generation breast imaging modalities and geographical expansion holds the key opportunities for the players operating in the global breast imaging technologies market. With governments focusing on building awareness and providing assistance in research and development for breast imaging technologies, further advancement in these modalities will facilitate a competitive edge for the key players in the global breast imaging technologies market.

Breast Imaging Technologies Market Segmentation:

By Product:

  • Non-Ionizing Breast Imaging Technologies
  • Automated Whole-Breast Ultrasound
  • Breast Ultrasound
  • Breast MRI
  • Breast Thermography
  • Optical Imaging
  • Ionizing Breast Imaging Technologies
  • 3D Breast Tomosynthesis
  • Full-Field Digital Mammography
  • Analog Mammography
  • Positron Emission Mammography
  • Positron Emission Tomography/Computed Tomography
  • Cone Beam Computed Tomography
  • Electrical Impedance Tomography
  • Molecular Breast Imaging/Breast-Specific Gamma Imaging (MBI/BSGI)

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2016 and forecast from 2017 to 2025?
  • What will be the industry market growth from 2017 to 2025?
  • 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

  • Breast Imaging Technologies Market, By Product, Estimates and Forecast, 2016-2025 ($Million)
    • Non-Ionizing Breast Imaging Technologies
      • Breast Ultrasound
      • Breast MRI
      • Breast Thermography
      • Optical Imaging
    • Ionizing Breast Imaging Technologies
      • 3D Breast Tomosynthesis
      • Full-Field Digital Mammography
      • Analog Mammography
      • Positron Emission Mammography
      • Molecular Breast Imaging/Breast-Specific Gamma Imaging
      • Positron Emission Tomography/Computed Tomography
      • Cone Beam Computed Tomography
  • Breast Imaging Technologies Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
    • North America
  • North America Breast Imaging Technologies Market, By Country
  • North America Breast Imaging Technologies Market, By Product
    • U.S. Breast Imaging Technologies Market, By Product
    • Canada Breast Imaging Technologies Market, By Product
    • Mexico Breast Imaging Technologies Market, By Product
    • Europe
  • Europe Breast Imaging Technologies Market, By Country
  • Europe Breast Imaging Technologies Market, By Product
    • Germany Breast Imaging Technologies Market, By Product
    • France Breast Imaging Technologies Market, By Product
    • UK Breast Imaging Technologies Market, By Product
    • Italy Breast Imaging Technologies Market, By Product
    • Spain Breast Imaging Technologies Market, By Product
    • Rest of Europe Breast Imaging Technologies Market, By Product
    • Asia-Pacific
      • Asia-Pacific Breast Imaging Technologies Market, By Country
      • Asia-Pacific Breast Imaging Technologies Market, By Product
        • Japan Breast Imaging Technologies Market, By Product
        • China Breast Imaging Technologies Market, By Product
        • Australia Breast Imaging Technologies Market, By Product
        • India Breast Imaging Technologies Market, By Product
        • South Korea Breast Imaging Technologies Market, By Product
        • Rest of Asia-Pacific Breast Imaging Technologies Market, By Product
    • Rest of the World
      • Rest of the World Breast Imaging Technologies Market, By Country
      • Rest of the World Breast Imaging Technologies Market, By Product
        • Brazil Breast Imaging Technologies Market, By Product
        • South Africa Breast Imaging Technologies Market, By Product
        • Saudi Arabia Breast Imaging Technologies Market, By Product
        • Turkey Breast Imaging Technologies Market, By Product
        • United Arab Emirates Breast Imaging Technologies Market, By Product
        • Others Breast Imaging Technologies Market, By Product

 

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 Share Analysis

3.3. Market Dynamics

3.3.1. Drivers

3.3.1.1. Rising Incidence of Breast Cancer Globally

3.3.1.2. Increased Awareness Regarding Early Detection of Breast Cancer

3.3.1.3. Rising Geriatric Population Globally

3.3.1.4. Technological Advancements in Breast Imaging Systems

3.3.2. Restraints

3.3.2.1. High Cost of Breast Imaging Systems

3.3.2.2. Stringent Regulatory Approval Procedures

3.3.3. Opportunities

3.3.3.1. Emerging Markets to offer Lucrative Growth Opportunities

3.4. Industry Trends

4. Breast Imaging Technologies Market, By Product

4.1. Introduction

4.2. Breast Imaging Technologies Market Assessment and Forecast, By Product, 2016-2025

4.2.1. Non-ionizing Breast Imaging Technologies

4.2.2. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.2.3. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.3.1. Automated Whole Breast Ultrasound

4.2.3.1.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.3.2. Breast Ultrasound

4.2.3.2.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.3.3. Breast MRI

4.2.3.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.3.4. Breast Thermography

4.2.3.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.3.5. Optical Imaging

4.2.3.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.4. Ionizing Breast Imaging Technologies

4.2.5. Market Assessment and Forecast, By Type, 2016-2025 ($Million)

4.2.6. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.1. 3D Breast Tomosynthesis

4.2.6.1.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.2. Full-Field Digital Mammography

4.2.6.2.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.3. Analog Mammography

4.2.6.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.4. Positron Emission Mammography

4.2.6.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.5. Molecular Breast Imaging/Breast-Specific Gamma Imaging

4.2.6.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.6. Positron Emission Tomography/Computed Tomography

4.2.6.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.2.6.7. Cone Beam Computed Tomography

4.2.6.7.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5. Breast Imaging Technologies Market, By Region

5.1. Introduction

5.2. Breast Imaging Technologies Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.3. North America

5.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.3.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.3.2.1. U.S.

5.3.2.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.3.2.2. Canada

5.3.2.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.3.2.3. Mexico

5.3.2.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4. Europe

5.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.4.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.1. Germany

5.4.2.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.2. France

5.4.2.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.3. UK

5.4.2.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.4. Italy

5.4.2.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.5. Spain

5.4.2.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.6. Russia

5.4.2.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.4.2.7. Rest of Europe

5.4.2.7.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5. Asia-Pacific

5.5.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.5.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.1. Japan

5.5.2.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.2. China

5.5.2.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.3. Australia

5.5.2.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.4. India

5.5.2.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.5. South Korea

5.5.2.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.6. Taiwan

5.5.2.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.5.2.7. Rest of Asia-Pacific

5.5.2.7.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6. Rest of the World

5.6.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

5.6.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.1. Brazil

5.6.2.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.2. Turkey

5.6.2.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.3. Saudi Arabia

5.6.2.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.4. South Africa

5.6.2.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.5. United Arab Emirates

5.6.2.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

5.6.2.6. Others

5.6.2.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6. Company Profiles

6.1. General Electric Company

6.1.1. Business Overview

6.1.2. Product Portfolio

6.1.3. Key Financials

6.1.4. Strategic Developments

6.2. Dilon Technologies

6.2.1. Business Overview

6.2.2. Product Portfolio

6.2.3. Strategic Developments

6.3. Hologic, Inc.

6.3.1. Business Overview

6.3.2. Product Portfolio

6.3.3. Key Financials

6.3.4. Strategic Developments

6.4. Siemens AG

6.4.1. Business Overview

6.4.2. Product Portfolio

6.4.3. Key Financials

6.4.4. Strategic Developments

6.5. Koninklijke Philips N.V.

6.5.1. Business Overview

6.5.2. Product Portfolio

6.5.3. Key Financials

6.5.4. Strategic Developments

6.6. Gamma Medica Inc.

6.6.1. Business Overview

6.6.2. Product Portfolio

6.6.3. Strategic Developments

6.7. SonoCiné, Inc

6.7.1. Business Overview

6.7.2. Product Portfolio

6.7.3. Strategic Developments

6.8. Toshiba Medical Systems Corporation

6.8.1. Business Overview

6.8.2. Product Portfolio

6.8.3. Strategic Developments

6.9. Aurora Imaging Technology, Inc.

6.9.1. Business Overview

6.9.2. Product Portfolio

6.9.3. Strategic Developments

6.10. Fujifilm Holdings Corporation

6.10.1. Business Overview

6.10.2. Product Portfolio

6.10.3. Key Financials

6.10.4. Strategic Developments


List of Tables

Table 1.Global Breast Imaging Technologies Market, By Product ($Million), 2016-2025
Table 2.Non-Ionizing Breast Imaging Technologies Market, By Type ($Million), 2016-2025
Table 3.Non-Ionizing Breast Imaging Technologies Market, By Region ($Million), 2016-2025
Table 4.Automated Whole Breast Ultrasound Market, By Region ($Million), 2016-2025
Table 5.Breast Ultrasound Market, By Region ($Million), 2016-2025
Table 6.Breast MRI Market, By Region ($Million), 2016-2025
Table 7.Breast Thermography Market, By Region ($Million), 2016-2025
Table 8.Optical Imaging Market, By Region ($Million), 2016-2025
Table 9.Ionizing Breast Imaging Technologies Market, By Type ($Million), 2016-2025
Table 10.Ionizing Breast Imaging Technologies Market, By Region ($Million), 2016-2025
Table 11.3D Breast Tomosynthesis Market, By Region ($Million), 2016-2025
Table 12.Full-Field Digital Mammography Market, By Region ($Million), 2016-2025
Table 13.Analog Mammography Market, By Region ($Million), 2016-2025
Table 14.Positron Emission Mammography Market, By Region ($Million), 2016-2025
Table 15.Molecular Breast Imaging/Breast-Specific Gamma Imaging Market, By Region ($Million), 2016-2025
Table 16.Positron Emission Tomography/Computed Tomography Market, By Region ($Million), 2016-2025
Table 17.Cone Beam Computed Tomography Market, By Region ($Million), 2016-2025
Table 18.Breast Imaging Technologies Market, By Region ($Million), 2016-2025
Table 19.North America Breast Imaging Technologies Market, By Country, 2016-2025 ($Million)
Table 20.North America Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 21.U.S. Breast Imaging Technologies Market, by Product, 2016-2025 ($Million)
Table 22.Canada Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 23.Mexico Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 24.Europe Breast Imaging Technologies Market, By Country, 2016-2025 ($Million)
Table 25.Europe Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 26.Germany Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 27.France Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 28.UK Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 29.Italy Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 30.Spain Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 31.Russia Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 32.Rest of Europe Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 33.Asia-Pacific Breast Imaging Technologies Market, By Country, 2016-2025 ($Million)
Table 34.Asia-Pacific Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 35.Japan Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 36.China Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 37.Australia Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 38.India Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 39.South Korea Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 40.Taiwan Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 41.Rest of Asia-Pacific Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 42.Rest of the World Breast Imaging Technologies Market, By Country, 2016-2025 ($Million)
Table 43.Rest of the World Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 44.Brazil Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 45.Turkey Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 46.Saudi Arabia Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 47.South Africa Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 48.United Arab Emirates Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 49.Others Breast Imaging Technologies Market, By Product, 2016-2025 ($Million)
Table 50.General Electric Company: Key Strategic Developments, 2015-2017
Table 51.Dilon technologies: Key Strategic Developments, 2015-2017
Table 52.Hologic, Inc.: Key Strategic Developments, 2015-2017
Table 53.Siemens AG: Key Strategic Developments, 2015-2017
Table 54.Koninklijke Philips N.V.: Key Strategic Developments, 2015-2017
Table 55.Gamma Medica Inc: Key Strategic Developments, 2015-2017
Table 56.SonoCiné, Inc: Key Strategic Developments, 2015-2017
Table 57.Toshiba Medical Systems Corporation: Key Strategic Developments, 2015-2017
Table 58.Aurora Imaging Technology, Inc.: Key Strategic Developments, 2015-2017
Table 59.Fujifilm Holdings Corporation: Key Strategic Developments, 2015-2017


List of Figures

Figure 1.Global Breast Imaging Technologies Market Share, By Application, 2016 & 2025
Figure 2 Breast Imaging Technologies Market, By Region, 2016, ($Million)
Figure 3.General Electric Company: Net Revenues, 2014-2016 ($Million)
Figure 4.General Electric Company: Net Revenue Share, By Segment, 2016
Figure 5.General Electric Company: Net Revenue Share, By Geography, 2016
Figure 6.Hologic, Inc.: Net Revenues, 2014-2016 ($Million)
Figure7.Hologic, Inc.: Net Revenue Share, By Segment, 2016
Figure8.Hologic, Inc.: Net Revenue Share, By Geography, 2016
Figure9.Siemens AG: Net Revenues, 2014-2016 ($Million)
Figure10.Siemens AG: Net Revenue Share, By Segment, 2016
Figure 11.Siemens AG: Net Revenue Share, By Geography, 2016
Figure12.Koninklijke Philips N.V.: Net Revenues, 2014-2016 ($Million)
Figure 13.Koninklijke Philips N.V.: Net Revenue Share, By Segment, 2016
Figure 14.Koninklijke Philips N.V.: Net Revenue Share, By Geography, 2016
Figure 18.Fujifilm Holdings Corporation: Net Revenues, 2014-2016 ($Million)
Figure 19.Fujifilm Holdings Corporation: Net Revenue Share, By Segment, 2016
Figure 21.Fujifilm Holdings Corporation: Net Revenue Share, By Geography, 2016

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

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

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

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country