Cervical Total Disc Replacement Market By Material Type And End User- Global Industry Analysis And Forecast To 2023
Published On : May 2022 Pages : 90 Category: Biotechnology Report Code : HC05753
Industry Outlook and Trend Analysis
The Cervical Total Disc Replacement Device Market was worth USD 0.62 billion in 2017 and is expected to reach approximately USD 4.05 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 23.26% during the forecast period. Cervical total disc replacement (CTDR) device is used to treat patients experiencing degenerative disc disorders (DDD). Neck pain is the real cause for advancement of DDD in cervical area of the spine. Cervical disc replacement a method that is performed for the treatment of DDD, where the degenerated plate is expelled surgically and a fake plate is embedded in the vertebra. Developing ageing population, low revision surgery rate of cervical disc replacement surgery and expanding interest for cutting edge innovative CTDR device for treatment of both class I and class II degenerative disc ailment are main considerations prompting expanded interest for CTDR devices, in this manner fuelling development of the CTDR devices market.
Material Type Outlook and Trend Analysis
Metal on biocompatible material section holds lion's share of the market at present and is foreseen to remain the main fragment regarding volume and incentive amid the figure time frame. The metal on a metal fragment is anticipated to develop regarding quality and volume, however at a moderately slower pace contrasted with the metal on the biocompatible material portion. The quantity of products in the metal on the biocompatible material portion is higher compared with the metal on a metal fragment, which is a significant driver for the development of the metal on the biocompatible material section.
End User Outlook and Trend Analysis
The hospitals section dominated the CTDR gadget device in 2017; nonetheless, the ASCs fragment is anticipated to grow at a higher CAGR over the estimate time frame in comparison to the hospitals section. This is attributed to the way that cervical disc replacement is an insignificantly intrusive surgery and can be performed in ASCs. Number of patients experiencing cervical plate substitution in ASCs is expanding generously because of components, for example, snappy release and their cost viability, which thus is anticipated to fuel development of CTDR device market in the ASCs section.
Regional Outlook and Trend Analysis
By area, North America is foreseen to stay prevailing in the CTDR device market fundamentally because of robust repayment schemes and ascend in the quantity of cervical disc replacement procedures performed in the area. Commonness of neck pain is higher in Western Countries when compared with APAC. On the basis of development rate, the APAC market is anticipated to develop at a huge pace predominantly because of the substantial populace base in the area.
Competitive Insights
The leading players in the market are Globus Medical Inc, Medtronic, LDR Holding Corporation, DePuy Synthes Companies and NuVasive Inc. 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 Cervical Total Disc Replacement Device Market is segmented as follows-
By Material Type:
- Metal on a biocompatible material (M-o-B)
- Metal on metal (M-o-M)
By End User:
- Hospitals
- ASCs
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
· Cervical Total Disc Replacement Market, By Material Type, Estimates and Forecast, 2014-2023 ($Million)
· Metal on a Biocompatible Material (M-o-B)
· Metal on Metal (M-o-M)
· Cervical Total Disc Replacement Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Hospitals
· ASCs
· Cervical Total Disc Replacement Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Cervical Total Disc Replacement Market, By Country
o U.S. Cervical Total Disc Replacement Market
o Canada Cervical Total Disc Replacement Market
o Mexico Cervical Total Disc Replacement Market
· Europe
§ Europe Cervical Total Disc Replacement Market, By Country
o Germany Cervical Total Disc Replacement Market
o UK Cervical Total Disc Replacement Market
o France Cervical Total Disc Replacement Market
o Russia Cervical Total Disc Replacement Market
o Italy Cervical Total Disc Replacement Market
o Rest of Europe Cervical Total Disc Replacement Market
· Asia-Pacific
§ Asia-Pacific Cervical Total Disc Replacement Market, By Country
o China Cervical Total Disc Replacement Market
o Japan Cervical Total Disc Replacement Market
o South Korea Cervical Total Disc Replacement Market
o India Cervical Total Disc Replacement Market
o Southeast Asia Cervical Total Disc Replacement Market
o Rest of Asia-Pacific Cervical Total Disc Replacement Market
· South America
§ South America Cervical Total Disc Replacement Market
o Brazil Cervical Total Disc Replacement Market
o Argentina Cervical Total Disc Replacement Market
o Columbia Cervical Total Disc Replacement Market
o South Africa Cervical Total Disc Replacement Market
o Rest of South America Cervical Total Disc Replacement Market
· Middle East and Africa
§ Middle East and Africa Cervical Total Disc Replacement Market
o Saudi Arabia Cervical Total Disc Replacement Market
o UAE Cervical Total Disc Replacement Market
o Egypt Cervical Total Disc Replacement Market
o Nigeria Cervical Total Disc Replacement Market
o South Africa Cervical Total Disc Replacement Market
o Rest of MEA Cervical Total Disc Replacement Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
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. Cervical Total Disc Replacement Market, By Material Type
5.1. Introduction
5.2. Global Cervical Total Disc Replacement Sales, Revenue and Market Share by Material Type (2017-2017)
5.2.1. Global Cervical Total Disc Replacement Sales and Sales Share by Material Type (2017-2017)
5.2.2. Global Cervical Total Disc Replacement Revenue and Revenue Share by Material Type (2017-2017)
5.3. Cervical Total Disc Replacement Market Assessment and Forecast, By Material Type, 2017-2023
5.4. Metal on a Biocompatible Material (M-o-B)
5.4.1. Global Metal on a Biocompatible Material (M-o-B) Sales and Growth Rate (2017-2027)
5.5. Metal on Metal (M-o-M)
5.5.1. Global Metal on Metal (M-o-M)Sales and Growth Rate (2017-2027)
6. Cervical Total Disc Replacement Market, By End User
6.1. Introduction
6.2. Global Cervical Total Disc Replacement Sales, Revenue and Market Share by End User (2017-2017)
6.2.1. Global Cervical Total Disc Replacement Sales and Sales Share by End User (2017-2017)
6.2.2. Global Cervical Total Disc Replacement Revenue and Revenue Share by End User (2017-2017)
6.3. The Cervical Total Disc Replacement Market Assessment and Forecast, By End User, 2017-2023
6.4. Hospitals
6.4.1. Global Hospitals Sales and Growth Rate (2017-2027)
6.5. ASCs
6.5.1. Global ASCs Sales and Growth Rate (2017-2027)
7. Cervical Total Disc Replacement Market, By Region
7.1. Introduction
7.2. Global Cervical Total Disc Replacement Sales, Revenue and Market Share by Regions
7.2.1. Global Cervical Total Disc Replacement Sales by Regions (2017-2027)
7.2.2. Global Cervical Total Disc Replacement Revenue by Regions (2017-2027)
7.3. North America Cervical Total Disc Replacement by Countries
7.3.1. North America Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.3.2. North America Cervical Total Disc Replacement Revenue and Growth Rate (2017-2027)
7.3.3. North America Cervical Total Disc Replacement Sales by Countries (2017-2027)
7.3.4. North America Cervical Total Disc Replacement Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.3.5.2. United States Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Cervical Total Disc Replacement Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Cervical Total Disc Replacement by Countries
7.4.1. Europe Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.2. Europe Cervical Total Disc Replacement Revenue and Growth Rate (2017-2027)
7.4.3. Europe Cervical Total Disc Replacement Sales by Countries (2017-2027)
7.4.4. Europe Cervical Total Disc Replacement Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.6.2. UK Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.7.2. France Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Cervical Total Disc Replacement Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Cervical Total Disc Replacement Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Cervical Total Disc Replacement Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.5.2. China Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.8.2. India Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.6.2. South America Cervical Total Disc Replacement Revenue and Growth Rate (2017-2027)
7.6.3. South America Cervical Total Disc Replacement Sales by Countries (2017-2027)
7.6.4. South America Cervical Total Disc Replacement Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Cervical Total Disc Replacement Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Cervical Total Disc Replacement Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Cervical Total Disc Replacement Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Cervical Total Disc Replacement 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 Cervical Total Disc Replacement Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Cervical Total Disc Replacement Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Medtronic, plc.
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. Depuy Synthes (a Johnson & Johnson Company)
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. Globus Medical, Inc.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. NuVasive, Inc.
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. LDR Holding Corporation
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
9. Global Cervical Total Disc Replacement Market Competition, by Manufacturer
9.1. Global Cervical Total Disc Replacement Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Cervical Total Disc Replacement Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Cervical Total Disc Replacement Price by Manufacturer (2017-2017)
9.4. Top 5 Cervical Total Disc Replacement Manufacturer Market Share
9.5. Market Competition Trend
10. Cervical Total Disc Replacement Market Forecast (2027-2023)
10.1. Global Cervical Total Disc Replacement Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Cervical Total Disc Replacement Market Forecast by Regions (2027-2023)
10.2.1. North America Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.1.1. United States Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.1.2. Canada Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.1.3. Mexico Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2. Europe Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2.1. Germany Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2.2. United Kingdom Cervical Total Disc Replacements Market Forecast (2027-2023)
10.2.2.3. France Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2.4. Russia Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2.5. Italy Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3. Asia-Pacific Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.1. China Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.2. Japan Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.3. Korea Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.4. India Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.4. South America Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.4.1. Brazil Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.4.2. Argentina Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.4.3. Columbia Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.4.4. Rest of South America Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5. Middle East and Africa Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.2. UAE Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.3. Egypt Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.4. Nigeria Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.5. South Africa Cervical Total Disc Replacement Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Cervical Total Disc Replacement Market Forecast (2027-2023)
10.3. Cervical Total Disc Replacement Market Forecast by Material Type (2027-2023)
10.3.1. Global Cervical Total Disc Replacement Sales Forecast by Material Type (2027-2023)
10.3.2. Global Cervical Total Disc Replacement Sales Market Share Forecast by Material Type (2027-2023)
10.4. Cervical Total Disc Replacement Market Forecast by End User (2027-2023)
10.4.1. Global Cervical Total Disc Replacement Sales Forecast by End User (2027-2023)
10.4.2. Global Cervical Total Disc Replacement Sales Market Share Forecast by End User (2027-2023)
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Cervical Total Disc Replacement Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Cervical Total Disc Replacement 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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