Cochlear Implants Market by Type and End User - Global Industry Analysis and Forecast to 2025

Published On : May 2017 Pages : 98 Category: Medical Devices Report Code : HC052 Format :

Industry Trend Analysis

The global cochlear implants market is expected to be around $3 billion in 2025. Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market. Technological advancements especially in sound chips are fuelling the demand for these products. Rise in geriatric population along with increased incidence of acquired hearing loss are also contributing to the market growth substantially. In 2014, the total American geriatric population was 46.2 million which represented 14.5% of the total population. By 2040, this will grow up to 21.7% of the total American population.

Fitting Type Outlook and Trend Analysis

Unilateral implantations are witnessing high demand in the market owing to the low cost of surgery as compared to bilateral implantations. Bilateral implantation will witness fastest growth over the forecast period as they have exceptional results when implanted in children at an early age. Children using bilateral cochlear implants exhibit better vocabulary outcomes as compared to children of the same age using unilateral cochlear implants.

End User Outlook and Trend Analysis

Adults segment accounted for the highest share in the global market in 2016. This is due to fewer chances of complications for implantation in adults as compared to those in children and presence of large adult patient base. Pediatrics segment is estimated to witness fastest growth over the forecast period, owing to rise in awareness about the benefits of early implantations in children. After FDA’s approval for implantation in children as young as 12 months in age, awareness of benefits of cochlear implants in children to succeed in mainstream classrooms has increased.

Regional Outlook and Trend Analysis

Europe constituted the major market share of the overall market in 2016, owing to the advanced health infrastructure in the European Union. Presence of huge patient base along with increased adoption of implants is the key factor for the market growth. North America is the second largest market for implants because of the presence of favorable reimbursement policies along with the high purchasing power of people in this region.

Asia-Pacific market is expected to record fastest growth over the forecast period, due to increased awareness and favorable government initiatives in developing countries to increased awareness about the benefits of early implantation in children. For instance, Medtronic launched the Shruti Program in India which aims to increase awareness about diagnosis and treatment of underserved patients, especially children affected by ear disorders.

Competitive Analysis

The market is heavily dominated by few large companies such as Cochlear Ltd. and MED-EL, who have a global presence and a diverse product portfolio. These players are highly focused on developing innovative products to sustain the market competition. For instance, in 2015, MED-EL received FDA approval for its SYNCHRONY cochlear implant, the first and only cochlear implant approved for 3.0T MRI without magnet removal. Some of the other key players in this market are William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.

Market Opportunities

Increase in geriatric population worldwide will boost the demand for implants significantly. According to a World Health Organization (WHO), the geriatric population (senior citizens at least 65 years in age) will increase by 88% in coming years. Also, proven results of effectiveness of implantations in children at a young age propose significant prospects in the pediatric market worldwide. Developing countries exhibit a lucrative market due to growing awareness and easily available reimbursement policies.

Cochlear Implants Market Segmentation:

By Fitting Type:

  • Bilateral Implantation
  • Unilateral Implantation

By End User:

  • Pediatrics
  • Adults

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
  • Turkey
  • 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

  • Cochlear Implants Market, By Fitting Type, Estimates and Forecast, 2016-2025 ($Million)
    • Unilateral Implantation
    • Bilateral Implantation
  • Cochlear Implants Market, By End User, Estimates and Forecast, 2016-2025 ($Million)
    • Adults
    • Pediatrics
  • Cochlear Implants Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
    • North America
  • North America Cochlear Implants Market, By Country
  • North America Cochlear Implants Market, By Fitting Type
  • North America Cochlear Implants Market, By End User
    • U.S. Cochlear Implants Market, By Fitting Type
    • U.S. Cochlear Implants Market, By End User
    • Canada Cochlear Implants Market, By Fitting Type
    • Canada Cochlear Implants Market, By End User
    • Mexico Cochlear Implants Market, By Fitting Type
    • Mexico Cochlear Implants Market, By End User
    • Europe
  • Europe Cochlear Implants Market, By Country
  • Europe Cochlear Implants Market, By Fitting Type
  • Europe Cochlear Implants Market, By End User
    • Germany Cochlear Implants Market, By Fitting Type
    • Germany Cochlear Implants Market, By End User
    • France Cochlear Implants Market, By Fitting Type
    • France Cochlear Implants Market, By End User
    • UK Cochlear Implants Market, By Fitting Type
    • UK Cochlear Implants Market, By End User
    • Italy Cochlear Implants Market, By Fitting Type
    • Spain Cochlear Implants Market, By Fitting Type
    • Spain Cochlear Implants Market, By End User
    • Italy Cochlear Implants Market, By End User
    • Rest of Europe Cochlear Implants Market, By Fitting Type
    • Rest of Europe Cochlear Implants Market, By End User
    • Asia-Pacific
      • Asia-Pacific Cochlear Implants Market, By Country
      • Asia-Pacific Cochlear Implants Market, By Fitting Type
      • Asia-Pacific Cochlear Implants Market, By End User
        • Japan Cochlear Implants Market, By Fitting Type
        • Japan Cochlear Implants Market, By End User
        • China Cochlear Implants Market, By Fitting Type
        • China Cochlear Implants Market, By End User
        • Australia Cochlear Implants Market, By Fitting Type
        • Australia Cochlear Implants Market, By End User
        • India Cochlear Implants Market, By Fitting Type
        • India Cochlear Implants Market, By End User
        • South Korea Cochlear Implants Market, By Fitting Type
        • South Korea Cochlear Implants Market, By End User
        • Rest of Asia-Pacific Cochlear Implants Market, By Fitting Type
        • Rest of Asia-Pacific Cochlear Implants Market, By End User
    • Rest of the World
      • Rest of the World Cochlear Implants Market, By Country
      • Rest of the World Cochlear Implants Market, By Fitting Type
      • Rest of the World Cochlear Implants Market, By End User
        • Brazil Cochlear Implants Market, By Fitting Type
        • Brazil Cochlear Implants Market, By End User
        • South Africa Cochlear Implants Market, By Fitting Type
        • South Africa Cochlear Implants Market, By End User
        • Saudi Arabia Cochlear Implants Market, By Fitting Type
        • Saudi Arabia Cochlear Implants Market, By End User
        • Turkey Cochlear Implants Market, By Fitting Type
        • Turkey Cochlear Implants Market, By End User
        • United Arab Emirates Cochlear Implants Market, By Fitting Type
        • United Arab Emirates Cochlear Implants Market, By End User
        • Others Cochlear Implants Market, By Fitting Type
        • Others Cochlear Implants Market, By End User

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 Prevalence of Hearing Disorders

3.3.1.2. Rise in Geriatric Population

3.3.1.3. Increase in the Customization of Hearing Implant Devices

3.3.1.4. Wide Acceptance of Hearing Implants Procedures Among Patients with Hearing Disorders

3.3.1.5. Rapid Technological Advancements

3.3.2. Restraints

3.3.2.1. High Cost of Hearing Implants

3.3.3. Opportunities

3.3.3.1. Emerging Market to Offer Lucrative Growth Opportunities

3.4. Industry Trends

3.5. Reimbursement Scenario

4. Cochlear Implants Market, By Fitting Type

4.1. Introduction

4.2. Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025

4.3. Unilateral Implantation

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

4.4. Bilateral Implantation

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

5. Cochlear Implants Market, By End User

5.1. Introduction

5.2. Cochlear Implants Market Assessment and Forecast, By End User, 2016-2025

5.3. Adults

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

5.4. Pediatrics

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

6. Cochlear Implants Market, By Region

6.1. Introduction

6.2. Cochlear Implants Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6.3. North America

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

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

6.3.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.3.3.1. U.S.

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

6.3.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.3.3.2. Canada

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

6.3.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.3.3.3. Mexico

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

6.3.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4. Europe

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

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

6.4.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.1. Germany

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

6.4.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.2. France

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

6.4.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.3. UK

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

6.4.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.4. Italy

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

6.4.3.4.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.5. Spain

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

6.4.3.5.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.6. Russia

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

6.4.3.6.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.4.3.7. Rest of Europe

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

6.4.3.7.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5. Asia-Pacific

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

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

6.5.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.1. Japan

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

6.5.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.2. China

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

6.5.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.3. Australia

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

6.5.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.4. India

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

6.5.3.4.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.5. South Korea

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

6.5.3.5.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.6. Taiwan

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

6.5.3.6.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.5.3.7. Rest of Asia-Pacific

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

6.5.3.7.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6. Rest of the World

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

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

6.6.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.1. Brazil

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

6.6.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.2. Turkey

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

6.6.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.3. Saudi Arabia

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

6.6.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.4. South Africa

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

6.6.3.4.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.5. United Arab Emirates

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

6.6.3.5.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

6.6.3.6. Others

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

6.6.3.6.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)

7. Company Profiles

7.1. Sonova

7.1.1. Business Overview

7.1.2. Fitting Type Portfolio

7.1.3. Key Financials

7.1.4. Strategic Developments

7.2. Cochlear Ltd.

7.2.1. Business Overview

7.2.2. Fitting Type Portfolio

7.2.3. Key Financials

7.2.4. Strategic Developments

7.3. MED-EL

7.3.1. Business Overview

7.3.2. Fitting Type Portfolio

7.3.3. Key Financials

7.3.4. Strategic Developments

7.4. Gaes Group

7.4.1. Business Overview

7.4.2. Fitting Type Portfolio

7.4.3. Key Financials

7.4.4. Strategic Developments

7.5. William Demant Holding A/S

7.5.1. Business Overview

7.5.2. Fitting Type Portfolio

7.5.3. Key Financials

7.5.4. Strategic Developments

7.6. Nurotron Biotechnology Company Ltd

7.6.1. Business Overview

7.6.2. Fitting Type Portfolio

7.6.3. Key Financials

7.6.4. Strategic Developments


List of Tables

Table 1.Global Cochlear Implants Market, By Fitting Type ($Million), 2016-2025
Table 2.Unilateral Implantation Market, By Region ($Million), 2016-2025
Table 3.Bilateral Implantation Market, By Region ($Million), 2016-2025
Table 4.Cochlear Implants Market, By End User ($Million), 2016-2025
Table 5.Adults Market, By Region ($Million), 2016-2025
Table 6.Pediatrics Market, By Region ($Million), 2016-2025
Table 7.Cochlear Implants Market, By Region, 2016-2025 ($Million)
Table 8.North America Cochlear Implants Market, By Country, 2016-2025 ($Million)
Table 9.North America Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 10.North America Cochlear Implants Market, By End User, 2016-2025 ($Million)
Table 11.U.S. Cochlear Implants Market, by Fitting Type, 2016-2025 ($Million)
Table 12.U.S. Cochlear Implants Market, by Fitting Type, 2016-2025 ($Million)
Table 13.Canada Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 14.Canada Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 15.Mexico Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 16.Mexico Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 17.Europe Cochlear Implants Market, By Country, 2016-2025 ($Million)
Table 18.Europe Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 19.Europe Cochlear Implants Market, By Country, 2016-2025 ($Million)
Table 20.Germany Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 21.Germany Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 22.France Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 23.France Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 24.UK Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 25.UK Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 26.Italy Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 27.Italy Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 28.Spain Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 29.Spain Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 30.Russia Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 31.Russia Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 32.Rest of Europe Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 33.Rest of Europe Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 34.Asia-Pacific Cochlear Implants Market, By Country, 2016-2025 ($Million)
Table 35.Asia-Pacific Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 36.Asia-Pacific Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 37.Japan Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 38.Japan Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 39.China Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 40.China Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 41.Australia Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 42.Australia Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 43.India Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 44.India Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 45.South Korea Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 46.South Korea Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 47.Taiwan Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 48.Taiwan Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 49.Rest of Asia-Pacific Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 50.Rest of Asia-Pacific Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 51.Rest of the World Cochlear Implants Market, By Country, 2016-2025 ($Million)
Table 52.Rest of the World Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 53.Rest of the World Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 54.Brazil Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 55.Turkey Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 56.Turkey Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 57.Saudi Arabia Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 58.South Africa Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 59.South Africa Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 60.United Arab Emirates Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 61.United Arab Emirates Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 62.Others Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 63.Others Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 64.Sonova: Key Strategic Developments, 2015-2017
Table 65.Cochlear Ltd.: Key Strategic Developments, 2015-2017
Table 66.MED-EL: Key Strategic Developments, 2015-2017
Table 67.Gaes Group: Key Strategic Developments, 2015-2017
Table 68.William Demant Holding A/S: Key Strategic Developments, 2015-2017
Table 69.Nurotron Biotechnology Company Ltd: Key Strategic Developments, 2015-2017


List of Figures

Figure 1.Global Cochlear Implants Market Share, By Fitting Type, 2016 & 2025
Figure 2.Cochlear Implants Market, By Region, 2016 ($Million)
Figure 3.Sonova: Net Revenues, 2014-2016 ($Million)
Figure 4.Sonova: Net Revenue Share, By Segment, 2016
Figure 5.Sonova: Net Revenue Share, By Geography, 2016
Figure 6.Cochlear Ltd.: Net Revenues, 2014-2016 ($Million)
Figure 7.Cochlear Ltd.: Net Revenue Share, By Segment, 2016
Figure 8.Cochlear Ltd.: Net Revenue Share, By Geography, 2016
Figure 9.MED-EL: Net Revenues, 2014-2016 ($Million)
Figure 10.MED-EL: Net Revenue Share, By Segment, 2016
Figure 11.MED-EL: Net Revenue Share, By Geography, 2016
Figure 12.Gaes Group: Net Revenues, 2014-2016 ($Million)
Figure 13.Gaes Group: Net Revenue Share, By Segment, 2016
Figure 14.Gaes Group: Net Revenue Share, By Geography, 2016
Figure 15.William Demant Holding A/S: Net Revenues, 2014-2016 ($Million)
Figure 16.William Demant Holding A/S: Net Revenue Share, By Segment, 2016
Figure 17.William Demant Holding A/S: Net Revenue Share, By Geography, 2016
Figure 18.Nurotron Biotechnology Company Ltd: Net Revenues, 2014-2016 ($Million)
Figure 19.Nurotron Biotechnology Company Ltd: Net Revenue Share, By Segment, 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