Beauty Devices Market By Type of Device (Cleansing, Hair Removal, Acne, Light/LED Therapy & Photorejuvenation, Dermal Rollers, Hair Growth, Cellulite Reduction, Oxygen & Steamer), by Usage (Spa, Salon, At-Home) - Global Industry Analysis & Forecast to 2023

Published On : August 2018 Pages : 182 Category: Personal Care & Cosmetics Report Code : HC081159

Industry Outlook and Trend Analysis

The Beauty Devices Market was worth USD 19.81 billion in 2014 and is expected to reach approximately USD 97.27 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 19.34% during the forecast period. The advent of new and innovative beauty products is a significant pattern encountered in this market, which is changing the situation of the beauty devices industry. Beauty device manufacturing companies are growing new and inventive products, in light of the expanding business interest for cutting edge hair care and skin care solutions. Launching innovative beauty products in the recent years has empowered clinicians, dermatologists, and aestheticians to treat skin issues, enhance skin surface, and diminish different indications of aging. Rising frequency of skin infections, increasing discretionary income, developing aged populace, expanding consciousness among consumers and awareness about beauty devices, and developing commonness of hormonal disorders are the different elements driving the development of this industry.

Type of Device Outlook and Trend Analysis

Based on type of device, the quickest development amid the figure time frame is anticipated from light/LED treatment and photorejuvenation devices, at a significant CAGR. The expanding awareness about cutting edge features provided by light/LED treatment and photorejuvenation devices for treating blemishes, wrinkles, and sagged skin is prompting their expanded adoption, and crediting to their quick development in the market.

Usage Outlook and Trend Analysis

On the basis of usage, salons recorded the most elevated usage of these devices in 2017, esteemed at 54.7% in the market. Expanding aged populace, rising predominance of alopecia, and developing awareness about magnificence medications is prompting the high usage of beauty devices in salons.

Regional Outlook and Trend Analysis

Asia-Pacific (APAC) is anticipated to be the quickest developing beauty devices market amid the gauge time frame. The accessibility of multinational brands and advent of more affordable beauty products in APAC has a tendency to attract consumers to make use of these devices for different grooming purposes. The simple accessibility of beauty products fabricated by different multinational brands on online channels additionally drives the market development.

Competitive Insights

The leading players in the market are Home Skinovations Ltd, Philips, Panasonic, Carol Cole Company Inc, Lumenis Ltd, iluminage Beauty Inc, Procter & Gamble and Syneron Medical. 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 Beauty Devices Market is segmented based on regions-

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
    • 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 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 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

·         Beauty Devices Market, By Distribution Channel, Estimates and Forecast, 2014-2023 ($Million)

·         Cleansing, Hair Removal

·         Acne

·         Light/LED Therapy & Photorejuvenation

·         Dermal Rollers

·         Hair Growth

·         Cellulite Reduction

·         Oxygen & Steamer

·         Beauty Devices Market, By End Use, Estimates and Forecast, 2014-2023 ($Million)

·         Spa

·         Salon

·         At-Home

·         Beauty Devices Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Beauty Devices Market, By Country

o    U.S. Beauty Devices Market

o    Canada Beauty Devices Market

o    Mexico Beauty Devices Market

·         Europe

§  Europe Beauty Devices Market, By Country

o    Germany Beauty Devices Market

o    UK Beauty Devices Market

o    France Beauty Devices Market

o    Russia Beauty Devices Market

o    Italy Beauty Devices Market

o    Rest of Europe Beauty Devices Market

·         Asia-Pacific

§  Asia-Pacific Beauty Devices Market, By Country

o    China Beauty Devices Market

o    Japan Beauty Devices Market

o    South Korea Beauty Devices Market

o    India Beauty Devices Market

o    Southeast Asia Beauty Devices Market

o    Rest of Asia-Pacific Beauty Devices Market

·         South America

§  South America Beauty Devices Market

o    Brazil Beauty Devices Market

o    Argentina Beauty Devices Market

o    Columbia Beauty Devices Market

o    Rest of South America Beauty Devices Market

·         Middle East and Africa

§  Middle East and Africa Beauty Devices Market

o    Saudi Arabia Beauty Devices Market

o    UAE Beauty Devices Market

o    Egypt Beauty Devices Market

o    Nigeria Beauty Devices Market

o    South Africa Beauty Devices Market

o    Rest of MEA Beauty Devices 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

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2014-2023)

4.1.2.  Canada Market States and Outlook (2014-2023)

4.1.3.  Mexico Market States and Outlook (2014-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2014-2023)

4.2.2.  France Market States and Outlook (2014-2023)

4.2.3.  UK Market States and Outlook (2014-2023)

4.2.4.  Russia Market States and Outlook (2014-2023)

4.2.5.  Italy Market States and Outlook (2014-2023)

4.2.6.  Rest of Europe Market States and Outlook (2014-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2014-2023)

4.3.2.  Japan Market States and Outlook (2014-2023)

4.3.3.  Korea Market States and Outlook (2014-2023)

4.3.4.  India Market States and Outlook (2014-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2014-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2014-2023)

4.4.2.  Argentina Market States and Outlook (2014-2023)

4.4.3.  Columbia Market States and Outlook (2014-2023)

4.4.4.  Rest of South America Market States and Outlook (2014-2023)

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 (2014-2023)

4.5.2.  UAE Market States and Outlook (2014-2023)

4.5.3.  Egypt Market States and Outlook (2014-2023)

4.5.4.  Nigeria Market States and Outlook (2014-2023)

4.5.5.  South Africa Market States and Outlook (2014-2023)

4.5.6.  Rest of MEA Market States and Outlook (2014-2023)

5.       Beauty Devices Market, By Type of Device

5.1.       Introduction

5.2.       Global Beauty Devices Sales, Revenue and Market Share by Type of Device (2014-2018)

5.2.1.  Global Beauty Devices Sales and Sales Share by Type of Device (2014-2018)

5.2.2.  Global Beauty Devices Revenue and Revenue Share by Type of Device (2014-2018)

5.3.       Cleansing

5.3.1.  Global Cleansing Sales and Growth Rate (2014-2018)

5.4.       Hair Removal

5.4.1.  Global Hair Removal Sales and Growth Rate (2014-2018)

5.5.       Acne

5.5.1.  Global Acne Sales and Growth Rate (2014-2018)

5.6.       Light/LED Therapy & Photorejuvenation

5.6.1.  Global Light/LED Therapy & Photorejuvenation Sales and Growth Rate (2014-2018)

5.7.       Dermal Rollers

5.7.1.  Global Dermal Rollers Sales and Growth Rate (2014-2018)

5.8.       Hair Growth 

5.8.1.  Global Hair Growth Sales and Growth Rate (2014-2018)

5.9.       Cellulite Reduction 

5.9.1.  Global Cellulite Reduction Sales and Growth Rate (2014-2018)

5.10.    Oxygen & Steamer 

5.10.1.      Global Oxygen & Steamer Sales and Growth Rate (2014-2018)

6.       Beauty Devices Market, By Usage

6.1.       Introduction

6.2.       Global Beauty Devices Sales, Revenue and Market Share by Usage (2014-2018)

6.2.1.  Global Beauty Devices Sales and Sales Share by Usage (2014-2018)

6.2.2.  Global Beauty Devices Revenue and Revenue Share by Usage (2014-2018)

6.3.       Spa

6.3.1.  Global Spa Sales and Growth Rate (2014-2018)

6.4.       Salon

6.4.1.  Global Salon Sales and Growth Rate (2014-2018)

6.5.       At-Home

6.5.1.  Global At-Home Sales and Growth Rate (2014-2018)

7.       Beauty Devices Market, By Region

7.1.       Introduction

7.2.       Global Beauty Devices Sales, Revenue and Market Share by Regions

7.2.1.  Global Beauty Devices Sales by Regions (2014-2018)

7.2.2.  Global Beauty Devices Revenue by Regions (2014-2018)

7.3.       North America Beauty Devices by Countries

7.3.1.  North America Beauty Devices Sales and Growth Rate (2014-2018)

7.3.2.  North America Beauty Devices Revenue and Growth Rate (2014-2018)

7.3.3.  North America Beauty Devices Sales by Countries (2014-2018)

7.3.4.  North America Beauty Devices Revenue (Million USD) by Countries (2014-2018)

7.3.5.  U.S.

7.3.5.1.    United States Beauty Devices Sales and Growth Rate (2014-2018)

7.3.5.2.    United States Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.6.  Canada

7.3.6.1.    Canada Beauty Devices Sales and Growth Rate (2014-2018)

7.3.6.2.    Canada Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.7.  Mexico

7.3.7.1.    Mexico Beauty Devices Sales and Growth Rate (2014-2018)

7.3.7.2.    Mexico Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.       Europe Beauty Devices by Countries

7.4.1.  Europe Beauty Devices Sales and Growth Rate (2014-2018)

7.4.2.  Europe Beauty Devices Revenue and Growth Rate (2014-2018)

7.4.3.  Europe Beauty Devices Sales by Countries (2014-2018)

7.4.4.  Europe Beauty Devices Revenue (Million USD) by Countries (2014-2018)

7.4.5.  Germany

7.4.5.1.    Germany Beauty Devices Sales and Growth Rate (2014-2018)

7.4.5.2.    Germany Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.6.  UK

7.4.6.1.    UK Beauty Devices Sales and Growth Rate (2014-2018)

7.4.6.2.    UK Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.7.  France

7.4.7.1.    France Beauty Devices Sales and Growth Rate (2014-2018)

7.4.7.2.    France Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.8.  Russia

7.4.8.1.    Russia Beauty Devices Sales and Growth Rate (2014-2018)

7.4.8.2.    Russia Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.9.  Italy

7.4.9.1.    Italy Beauty Devices Sales and Growth Rate (2014-2018)

7.4.9.2.    Italy Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Beauty Devices Sales and Growth Rate (2014-2018)

7.4.10.2. Rest of Europe Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Beauty Devices Sales and Growth Rate (2014-2018)

7.5.2.  Asia-Pacific Beauty Devices Revenue and Growth Rate (2014-2018)

7.5.3.  Asia-Pacific Beauty Devices Sales by Countries (2014-2018)

7.5.4.  Asia-Pacific Beauty Devices Revenue (Million USD) by Countries (2014-2018)

7.5.5.  China

7.5.5.1.    China Beauty Devices Sales and Growth Rate (2014-2018)

7.5.5.2.    China Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.6.  Japan

7.5.6.1.    Japan Beauty Devices Sales and Growth Rate (2014-2018)

7.5.6.2.    Japan Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.7.  Korea

7.5.7.1.    Korea Beauty Devices Sales and Growth Rate (2014-2018)

7.5.7.2.    Korea Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.8.  India

7.5.8.1.    India Beauty Devices Sales and Growth Rate (2014-2018)

7.5.8.2.    India Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Beauty Devices Sales and Growth Rate (2014-2018)

7.5.9.2.    Southeast Asia Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Beauty Devices Sales and Growth Rate (2014-2018)

7.5.10.2. Rest of Asia-Pacific Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.       South America

7.6.1.  South America Beauty Devices Sales and Growth Rate (2014-2018)

7.6.2.  South America Beauty Devices Revenue and Growth Rate (2014-2018)

7.6.3.  South America Beauty Devices Sales by Countries (2014-2018)

7.6.4.  South America Beauty Devices Revenue (Million USD) by Countries (2014-2018)

7.6.5.  Brazil

7.6.5.1.    Brazil Beauty Devices Sales and Growth Rate (2014-2018)

7.6.5.2.    Brazil Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.6.  Argentina

7.6.6.1.    Argentina Beauty Devices Sales and Growth Rate (2014-2018)

7.6.6.2.    Argentina Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.7.  Columbia

7.6.7.1.    Columbia Beauty Devices Sales and Growth Rate (2014-2018)

7.6.7.2.    Columbia Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Beauty Devices Sales and Growth Rate (2014-2018)

7.6.8.2.    Rest of South America Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Beauty Devices Sales and Growth Rate (2014-2018)

7.7.2.  Middle East and Africa Beauty Devices Revenue and Growth Rate (2014-2018)

7.7.3.  Middle East and Africa Beauty Devices Sales by Countries (2014-2018)

7.7.4.  Middle East and Africa Beauty Devices Revenue (Million USD) by Countries (2014-2018)

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Beauty Devices Sales and Growth Rate (2014-2018)

7.7.5.2.    Saudi Arabia Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Beauty Devices Sales and Growth Rate (2014-2018)

7.7.6.2.    United Arab Emirates Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.7.  Egypt

7.7.7.1.    Egypt Beauty Devices Sales and Growth Rate (2014-2018)

7.7.7.2.    Egypt Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Beauty Devices Sales and Growth Rate (2014-2018)

7.7.8.2.    Nigeria Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.9.  South Africa

7.7.9.1.    South Africa Beauty Devices Sales and Growth Rate (2014-2018)

7.7.9.2.    South Africa Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.10.      Rest of Middle East and Africa

7.7.10.1. Rest of Middle East and Africa Beauty Devices Sales and Growth Rate (2014-2018)

7.7.10.2. Rest of Middle East and Africa Beauty Devices Revenue (Millions USD) and Growth Rate (2014-2018)

8.       Company Profiles

8.1.         Home Skinovations Ltd

8.1.1.  Business Overview

8.1.2.  Type of Device Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Philips

8.2.1.  Business Overview

8.2.2.  Type of Device Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       Panasonic

8.3.1.  Business Overview

8.3.2.  Type of Device Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       Carol Cole Company Inc

8.4.1.  Business Overview

8.4.2.  Type of Device Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Lumenis Ltd

8.5.1.  Business Overview

8.5.2.  Type of Device Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       iluminage Beauty Inc

8.6.1.  Business Overview

8.6.2.  Type of Device Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Procter & Gamble

8.7.1.  Business Overview

8.7.2.  Type of Device Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Syneron Medical

8.8.1.  Business Overview

8.8.2.  Type of Device Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

9.       Global Beauty Devices Market Competition, by Manufacturer

9.1.       Global Beauty Devices Sales and Market Share by Manufacturer (2016-2017)

9.2.       Global Beauty Devices Revenue and Market Share by Manufacturer (2016-2017)

9.3.       Global Beauty Devices Price by Region (2016-2017)

9.4.       Top 5 Beauty Devices Manufacturer Market Share

9.5.       Market Competition Trend

10.   Beauty Devices Market Forecast (2018-2023)

10.1.    Global Beauty Devices Sales, Revenue (Millions USD) and Growth Rate (2018-2023)

10.2.    Beauty Devices Market Forecast by Regions (2018-2023)

10.2.1.      North America Beauty Devices Market Forecast (2018-2023)

10.2.1.1. United States Beauty Devices Market Forecast (2018-2023)

10.2.1.2. Canada Beauty Devices Market Forecast (2018-2023)

10.2.1.3. Mexico Beauty Devices Market Forecast (2018-2023)

10.2.2.      Europe Beauty Devices Market Forecast (2018-2023)

10.2.2.1. Germany Beauty Devices Market Forecast (2018-2023)

10.2.2.2. United Kingdom Beauty Devices Market Forecast (2018-2023)

10.2.2.3. France Beauty Devices Market Forecast (2018-2023)

10.2.2.4. Russia Beauty Devices Market Forecast (2018-2023)

10.2.2.5. Italy Beauty Devices Market Forecast (2018-2023)

10.2.2.6. Rest of the Europe Beauty Devices Market Forecast (2018-2023)

10.2.3.      Asia-Pacific Beauty Devices Market Forecast (2018-2023)

10.2.3.1. China Beauty Devices Market Forecast (2018-2023)

10.2.3.2. Japan Beauty Devices Market Forecast (2018-2023)

10.2.3.3. Korea Beauty Devices Market Forecast (2018-2023)

10.2.3.4. India Beauty Devices Market Forecast (2018-2023)

10.2.3.5. Southeast Asia Beauty Devices Market Forecast (2018-2023)

10.2.3.6. Rest of Asia-Pacific Beauty Devices Market Forecast (2018-2023)

10.2.4.      South America Beauty Devices Market Forecast (2018-2023)

10.2.4.1. Brazil Beauty Devices Market Forecast (2018-2023)

10.2.4.2. Argentina Beauty Devices Market Forecast (2018-2023)

10.2.4.3. Columbia Beauty Devices Market Forecast (2018-2023)

10.2.4.4. Rest of South America Beauty Devices Market Forecast (2018-2023)

10.2.5.      Middle East and Africa Beauty Devices Market Forecast (2018-2023)

10.2.5.1. Saudi Arabia Beauty Devices Market Forecast (2018-2023)

10.2.5.2. UAE Beauty Devices Market Forecast (2018-2023)

10.2.5.3. Egypt Beauty Devices Market Forecast (2018-2023)

10.2.5.4. Nigeria Beauty Devices Market Forecast (2018-2023)

10.2.5.5. South Africa Beauty Devices Market Forecast (2018-2023)

10.2.5.6. Rest of MEA Beauty Devices Market Forecast (2018-2023)

10.3.    Beauty Devices Market Forecast by Type of Device (2018-2023)

10.3.1.      Global Beauty Devices Sales Forecast by Type of Device (2018-2023)

10.3.2.      Global Beauty Devices Sales Market Share Forecast by Type of Device (2018-2023)

10.4.    Beauty Devices Market Forecast by Usage (2018-2023)

10.4.1.      Global Beauty Devices Sales Forecast by Usage (2018-2023)

10.4.2.      Global Beauty Devices Sales Market Share Forecast by Usage (2018-2023)


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Beauty Devices 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

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

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

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