Diabetic Shoes Market By Distribution Channel And End Use - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 177 Category: Personal Care & Cosmetics Report Code : CG06860
Industry Outlook and Trend Analysis
The Diabetic Shoes Market was worth USD 4.17 billion in 2017 and is expected to reach approximately USD 8.00 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.52% during the forecast period. Diabetic shoes otherwise called therapeutic shoes are particularly composed and created for diabetic patients to limit the danger of different skin related issues in diabetics. The essential target of diabetic footwear is to avoid challenges which can include ulcers, strain, or removals for patients with diabetics. The diabetic shoes must be endorsed by doctor. The usage of recommended diabetic shoes by patients experiencing different diabetic difficulties which incorporate uncalled for flow of lower appendages and fringe neuropathy has demonstrated fruitful treatment in avoiding and curing different foot ulcers, which can successfully cure foot and toe related issues. In this manner, wearing the diabetic shoes gives diabetic patients considerably improved outcomes with their infections and along these lines recoups their entire personal satisfaction.
Drivers & Restrains
Increase in the number of diabetic patients throughout the world is escalating the development of diabetic shoes market globally. Rising interest for new plans of shoes and expanding awareness about solid and vigorous way of life to heighten the development of worldwide diabetic shoes market amid the estimate time frame. Raising population particularly in rising nations alongside rising penchant of individuals to spend more is likewise anticipated that would encourage the interest for diabetic shoes the whole way across the Asia and the world. The diabetic shoes market has wide open door with the maturing part of internet business and growing new brands in the market. This would fortify the development of diabetic shoes market everywhere throughout the world.
Regional Outlook and Trend Analysis
North America ruled the diabetic shoes market over the forecast period. Generation and accessibility of new and imaginative diabetic shoes in U.S. is fortifying the development of North America diabetic shoes market. The Asia-Pacific area is gauge to develop at a huge pace throughout the following couple of years till 2026. Increasing disposable income in developing economies, for example, China and India is required to cultivate the development of Asian diabetic shoes market amid the anticipated period.
Competitive Insights
The leading players in the market are Aetrex Worldwide, Inc., PodartisSrl, Etonic Worldwide LLC, Dr. Comfort, LLC, Advance Diabetic Solution, Apex Foot Health Industries LLC, Dr Zen Products, Inc. and others. 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 Diabetic Shoes Market is segmented as follows-
By Distribution Channel:
- Online Stores
- Specialty Stores
- Shoes Stores
- Departmental Stores
- Super Market & Hyper Market
By End User:
- Women
- Men
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
· Diabetic Shoes Market, By Distribution Channel, Estimates and Forecast, 2014-2023 ($Million)
· Specialty Stores
· Online Stores
· Super Market & Hyper Market
· Shoes Stores
· Departmental Stores
· Diabetic Shoes Market, By End Use, Estimates and Forecast, 2014-2023 ($Million)
· Men
· Women
· Diabetic Shoes Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Diabetic Shoes Market, By Country
o U.S. Diabetic Shoes Market
o Canada Diabetic Shoes Market
o Mexico Diabetic Shoes Market
· Europe
§ Europe Diabetic Shoes Market, By Country
o Germany Diabetic Shoes Market
o UK Diabetic Shoes Market
o France Diabetic Shoes Market
o Russia Diabetic Shoes Market
o Italy Diabetic Shoes Market
o Rest of Europe Diabetic Shoes Market
· Asia-Pacific
§ Asia-Pacific Diabetic Shoes Market, By Country
o China Diabetic Shoes Market
o Japan Diabetic Shoes Market
o South Korea Diabetic Shoes Market
o India Diabetic Shoes Market
o Southeast Asia Diabetic Shoes Market
o Rest of Asia-Pacific Diabetic Shoes Market
· South America
§ South America Diabetic Shoes Market
o Brazil Diabetic Shoes Market
o Argentina Diabetic Shoes Market
o Columbia Diabetic Shoes Market
o South Africa Diabetic Shoes Market
o Rest of South America Diabetic Shoes Market
· Middle East and Africa
§ Middle East and Africa Diabetic Shoes Market
o Saudi Arabia Diabetic Shoes Market
o UAE Diabetic Shoes Market
o Egypt Diabetic Shoes Market
o Nigeria Diabetic Shoes Market
o South Africa Diabetic Shoes Market
o Rest of MEA Diabetic Shoes 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 (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. Diabetic Shoes Market, By Distribution Channel
5.1. Introduction
5.2. Global Diabetic Shoes Sales, Revenue and Market Share by Distribution Channel (2017-2027)
5.2.1. Global Diabetic Shoes Sales and Sales Share by Distribution Channel (2017-2027)
5.2.2. Global Diabetic Shoes Revenue and Revenue Share by Distribution Channel (2017-2027)
5.3. Specialty Stores
5.3.1. Global Specialty Stores Sales and Growth Rate (2017-2027)
5.4. Online Stores
5.4.1. Global Online Stores Sales and Growth Rate (2017-2027)
5.5. Super Market & Hyper Market
5.5.1. Global Market & Hyper Market Sales and Growth Rate (2017-2027)
5.6. Shoes Stores
5.6.1. Global Shoes Stores Sales and Growth Rate (2017-2027)
5.7. Departmental Stores
5.7.1. Global Departmental Stores Sales and Growth Rate (2017-2027)
6. Diabetic Shoes Market, By End Use
6.1. Introduction
6.2. Global Diabetic Shoes Sales, Revenue and Market Share by End Use (2017-2027)
6.2.1. Global Diabetic Shoes Sales and Sales Share by End Use (2017-2027)
6.2.2. Global Diabetic Shoes Revenue and Revenue Share by End Use (2017-2027)
6.3. Men
6.3.1. Global Men Sales and Growth Rate (2017-2027)
6.4. Women
6.4.1. Global Women Sales and Growth Rate (2017-2027)
7. Diabetic Shoes Market, By Region
7.1. Introduction
7.2. Global Diabetic Shoes Sales, Revenue and Market Share by Regions
7.2.1. Global Diabetic Shoes Sales by Regions (2017-2027)
7.2.2. Global Diabetic Shoes Revenue by Regions (2017-2027)
7.3. North America Diabetic Shoes by Countries
7.3.1. North America Diabetic Shoes Sales and Growth Rate (2017-2027)
7.3.2. North America Diabetic Shoes Revenue and Growth Rate (2017-2027)
7.3.3. North America Diabetic Shoes Sales by Countries (2017-2027)
7.3.4. North America Diabetic Shoes Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Diabetic Shoes Sales and Growth Rate (2017-2027)
7.3.5.2. United States Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Diabetic Shoes Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Diabetic Shoes Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Diabetic Shoes by Countries
7.4.1. Europe Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.2. Europe Diabetic Shoes Revenue and Growth Rate (2017-2027)
7.4.3. Europe Diabetic Shoes Sales by Countries (2017-2027)
7.4.4. Europe Diabetic Shoes Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.6.2. UK Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.7.2. France Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Diabetic Shoes Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Diabetic Shoes Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Diabetic Shoes Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Diabetic Shoes Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.5.2. China Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.8.2. India Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Diabetic Shoes Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Diabetic Shoes Sales and Growth Rate (2017-2027)
7.6.2. South America Diabetic Shoes Revenue and Growth Rate (2017-2027)
7.6.3. South America Diabetic Shoes Sales by Countries (2017-2027)
7.6.4. South America Diabetic Shoes Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Diabetic Shoes Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Diabetic Shoes Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Diabetic Shoes Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Diabetic Shoes Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Diabetic Shoes Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Diabetic Shoes Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Diabetic Shoes Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Diabetic Shoes 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 Diabetic Shoes Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Diabetic Shoes Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Etonic Worldwide LLC.
8.1.1. Business Overview
8.1.2. Distribution Channel Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Aetrex Worldwide, Inc
8.2.1. Business Overview
8.2.2. Distribution Channel Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Dr. Comfort, LLC
8.3.1. Business Overview
8.3.2. Distribution Channel Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Apex Foot Health Industries LLC
8.4.1. Business Overview
8.4.2. Distribution Channel Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Advance Diabetic Solution
8.5.1. Business Overview
8.5.2. Distribution Channel Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. DARCO International, Inc
8.6.1. Business Overview
8.6.2. Distribution Channel Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Apex Foot Health Industries LLC
8.7.1. Business Overview
8.7.2. Distribution Channel Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Dr Zen Products, Inc.
8.8.1. Business Overview
8.8.2. Distribution Channel Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Ortofeet Inc.
8.9.1. Business Overview
8.9.2. Distribution Channel Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Drew Shoe Corporation
8.10.1. Business Overview
8.10.2. Distribution Channel Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Diabetic Shoes Market Competition, by Manufacturer
9.1. Global Diabetic Shoes Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Diabetic Shoes Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Diabetic Shoes Price by Region (2017-2017)
9.4. Top 5 Diabetic Shoes Manufacturer Market Share
9.5. Market Competition Trend
10. Diabetic Shoes Market Forecast (2027-2023)
10.1. Global Diabetic Shoes Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Diabetic Shoes Market Forecast by Regions (2027-2023)
10.2.1. North America Diabetic Shoes Market Forecast (2027-2023)
10.2.1.1. United States Diabetic Shoes Market Forecast (2027-2023)
10.2.1.2. Canada Diabetic Shoes Market Forecast (2027-2023)
10.2.1.3. Mexico Diabetic Shoes Market Forecast (2027-2023)
10.2.2. Europe Diabetic Shoes Market Forecast (2027-2023)
10.2.2.1. Germany Diabetic Shoes Market Forecast (2027-2023)
10.2.2.2. United Kingdom Diabetic Shoes Market Forecast (2027-2023)
10.2.2.3. France Diabetic Shoes Market Forecast (2027-2023)
10.2.2.4. Russia Diabetic Shoes Market Forecast (2027-2023)
10.2.2.5. Italy Diabetic Shoes Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Diabetic Shoes Market Forecast (2027-2023)
10.2.3. Asia-Pacific Diabetic Shoes Market Forecast (2027-2023)
10.2.3.1. China Diabetic Shoes Market Forecast (2027-2023)
10.2.3.2. Japan Diabetic Shoes Market Forecast (2027-2023)
10.2.3.3. Korea Diabetic Shoes Market Forecast (2027-2023)
10.2.3.4. India Diabetic Shoes Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Diabetic Shoes Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Diabetic Shoes Market Forecast (2027-2023)
10.2.4. South America Diabetic Shoes Market Forecast (2027-2023)
10.2.4.1. Brazil Diabetic Shoes Market Forecast (2027-2023)
10.2.4.2. Argentina Diabetic Shoes Market Forecast (2027-2023)
10.2.4.3. Columbia Diabetic Shoes Market Forecast (2027-2023)
10.2.4.4. Rest of South America Diabetic Shoes Market Forecast (2027-2023)
10.2.5. Middle East and Africa Diabetic Shoes Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Diabetic Shoes Market Forecast (2027-2023)
10.2.5.2. UAE Diabetic Shoes Market Forecast (2027-2023)
10.2.5.3. Egypt Diabetic Shoes Market Forecast (2027-2023)
10.2.5.4. Nigeria Diabetic Shoes Market Forecast (2027-2023)
10.2.5.5. South Africa Diabetic Shoes Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Diabetic Shoes Market Forecast (2027-2023)
10.3. Diabetic Shoes Market Forecast by Distribution Channel (2027-2023)
10.3.1. Global Diabetic Shoes Sales Forecast by Distribution Channel (2027-2023)
10.3.2. Global Diabetic Shoes Sales Market Share Forecast by Distribution Channel (2027-2023)
10.4. Diabetic Shoes Market Forecast by End Use (2027-2023)
10.4.1. Global Diabetic Shoes Sales Forecast by End Use (2027-2023)
10.4.2. Global Diabetic Shoes Sales Market Share Forecast by End Use (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Diabetic Shoes 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 |
Supply Side |
Demand Side |
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Primary Data Sources |
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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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