Edible Insects Market By Product (Bees, wasps & ants, Caterpillars, Beetles, Grasshoppers, Scale Insects & True Bugs), By Application (Protein Bars, Flour, Snacks) - Global Industry Analysis & Forecast to 2023

Published On : August 2018 Pages : 165 Category: Animal Feed and Feed Additives Report Code : FB081134

Industry Outlook and Trend Analysis

The Edible Insects Market was worth USD 18.83 million in 2014 and is expected to reach approximately USD 476.80 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 43.20% during the forecast period. Developing concerns regarding health among consumers due to consuming unhealthy food is anticipated to fortify the market development. Switch in interest towards consuming protein rich foods alongside convenience foods and demand for ready-to-eat meals will improve industry development. The products provides several health advantages including dropping down obesity and calories and are exceptionally nutritious even to domesticated animals when given as feed, coming about into expanded market demand. Expanding significance towards cultivating which require least investment alongside reduction in seafood resource and confinements forced by countries on fishing will reinforce the development of the market.

Product Outlook and Trend Analysis

Beetles based edible insects market request is esteemed at about USD 16 million in 2017 and is anticipated to develop over the predictable period. Beetle larvae is useful to clean dead plant matter by separating the organic matter and has an essential part in biodegradation, which is probably going to fuel product request. There are an aggregate of 80 North American beetles in the Insect Identification database and are utilized to control water hyacinth attacks, in this way improving the demand of the market. Caterpillars’ edible insects’ market demand request is anticipated to grow significantly over the forecast period. They are conveniently reaped and rich source of vitamins, proteins and minerals.

Application Outlook and Trend Analysis

In 2017 Edible insects demand from flour application was esteemed over USD 19.5 million and may witness critical additions amid the anticipated time period. Grasshopper and cricket powders are used in food products due to its significant minerals, protein rich content and amino acids which will encourage the growth of the edible insects market. Cricket flour is gluten free and is utilized in food products which boost the market growth. Crickets and mealworms are widely used in food products attributable to their rich source in proteins and amino acids.

Regional Outlook and Trend Analysis

North America edible insects market is driven by Canada and the U.S. would enlist major development over the forecast period. Developing interest for high protein foods and repugnance for processed food may additionally surge the demand of the product. Crickets are generally expended in this locale for cultivating methods and in food applications as it can separate the natural issue which will invigorate regional industry development. Asia Pacific driven by Thailand and China may outperform USD 270 million over the forecast period.

Competitive Insights

The leading players in the market are AgriProtein, Edible Inc, EnviroFlight LLC, Bensbugs, Haocheng Mealworm, Gather Foods LLC, Entomo Farms and Bitty Foods. 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 Edible Insects Market is segmented based on regions as follows-

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

·         Edible Insects Market, By Product, Estimates and Forecast, 2014-2023 ($Million)

·         Bees, wasps & ants

·         Caterpillars

·         Beetles

·         Grasshoppers

·         Scale Insects & True Bugs

·         Edible Insects Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Protein Bars

·         Flour

·         Snacks

·         Edible Insects Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Edible Insects Market, By Country

o    U.S. Edible Insects Market

o    Canada Edible Insects Market

o    Mexico Edible Insects Market

·         Europe

§  Europe Edible Insects Market, By Country

o    Germany Edible Insects Market

o    UK Edible Insects Market

o    France Edible Insects Market

o    Russia Edible Insects Market

o    Italy Edible Insects Market

o    Rest of Europe Edible Insects Market

·         Asia-Pacific

§  Asia-Pacific Edible Insects Market, By Country

o    China Edible Insects Market

o    Japan Edible Insects Market

o    South Korea Edible Insects Market

o    India Edible Insects Market

o    Southeast Asia Edible Insects Market

o    Rest of Asia-Pacific Edible Insects Market

·         South America

§  South America Edible Insects Market

o    Brazil Edible Insects Market

o    Argentina Edible Insects Market

o    Columbia Edible Insects Market

o    Rest of South America Edible Insects Market

·         Middle East and Africa

§  Middle East and Africa Edible Insects Market

o    Saudi Arabia Edible Insects Market

o    UAE Edible Insects Market

o    Egypt Edible Insects Market

o    Nigeria Edible Insects Market

o    South Africa Edible Insects Market

o    Rest of MEA Edible Insects 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.       Edible Insects Market, By Product

5.1.       Introduction

5.2.       Global Edible Insects Sales, Revenue and Market Share by Product (2014-2018)

5.2.1.  Global Edible Insects Sales and Sales Share by Product (2014-2018)

5.2.2.  Global Edible Insects Revenue and Revenue Share by Product (2014-2018)

5.3.       Bees, wasps & ants

5.3.1.  Global Bees, wasps & ants Sales and Growth Rate (2014-2018)

5.4.       Caterpillars

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

5.5.       Beetles

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

5.6.       Scale Insects & True Bugs

5.6.1.  Global Scale Insects & True Bugs Sales and Growth Rate (2014-2018)

5.7.       Grasshoppers

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

6.       Edible Insects Market, By Application

6.1.       Introduction

6.2.       Global Edible Insects Sales, Revenue and Market Share by Application (2014-2018)

6.2.1.  Global Edible Insects Sales and Sales Share by Application (2014-2018)

6.2.2.  Global Edible Insects Revenue and Revenue Share by Application (2014-2018)

6.3.       Protein Bars

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

6.4.       Flour

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

6.5.       Snacks

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

7.       Edible Insects Market, By Region

7.1.       Introduction

7.2.       Global Edible Insects Sales, Revenue and Market Share by Regions

7.2.1.  Global Edible Insects Sales by Regions (2014-2018)

7.2.2.  Global Edible Insects Revenue by Regions (2014-2018)

7.3.       North America Edible Insects by Countries

7.3.1.  North America Edible Insects Sales and Growth Rate (2014-2018)

7.3.2.  North America Edible Insects Revenue and Growth Rate (2014-2018)

7.3.3.  North America Edible Insects Sales by Countries (2014-2018)

7.3.4.  North America Edible Insects Revenue (Million USD) by Countries (2014-2018)

7.3.5.  U.S.

7.3.5.1.    United States Edible Insects Sales and Growth Rate (2014-2018)

7.3.5.2.    United States Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.6.  Canada

7.3.6.1.    Canada Edible Insects Sales and Growth Rate (2014-2018)

7.3.6.2.    Canada Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.7.  Mexico

7.3.7.1.    Mexico Edible Insects Sales and Growth Rate (2014-2018)

7.3.7.2.    Mexico Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.       Europe Edible Insects by Countries

7.4.1.  Europe Edible Insects Sales and Growth Rate (2014-2018)

7.4.2.  Europe Edible Insects Revenue and Growth Rate (2014-2018)

7.4.3.  Europe Edible Insects Sales by Countries (2014-2018)

7.4.4.  Europe Edible Insects Revenue (Million USD) by Countries (2014-2018)

7.4.5.  Germany

7.4.5.1.    Germany Edible Insects Sales and Growth Rate (2014-2018)

7.4.5.2.    Germany Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.6.  UK

7.4.6.1.    UK Edible Insects Sales and Growth Rate (2014-2018)

7.4.6.2.    UK Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.7.  France

7.4.7.1.    France Edible Insects Sales and Growth Rate (2014-2018)

7.4.7.2.    France Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.8.  Russia

7.4.8.1.    Russia Edible Insects Sales and Growth Rate (2014-2018)

7.4.8.2.    Russia Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.9.  Italy

7.4.9.1.    Italy Edible Insects Sales and Growth Rate (2014-2018)

7.4.9.2.    Italy Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Edible Insects Sales and Growth Rate (2014-2018)

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

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Edible Insects Sales and Growth Rate (2014-2018)

7.5.2.  Asia-Pacific Edible Insects Revenue and Growth Rate (2014-2018)

7.5.3.  Asia-Pacific Edible Insects Sales by Countries (2014-2018)

7.5.4.  Asia-Pacific Edible Insects Revenue (Million USD) by Countries (2014-2018)

7.5.5.  China

7.5.5.1.    China Edible Insects Sales and Growth Rate (2014-2018)

7.5.5.2.    China Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.6.  Japan

7.5.6.1.    Japan Edible Insects Sales and Growth Rate (2014-2018)

7.5.6.2.    Japan Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.7.  Korea

7.5.7.1.    Korea Edible Insects Sales and Growth Rate (2014-2018)

7.5.7.2.    Korea Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.8.  India

7.5.8.1.    India Edible Insects Sales and Growth Rate (2014-2018)

7.5.8.2.    India Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Edible Insects Sales and Growth Rate (2014-2018)

7.5.9.2.    Southeast Asia Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Edible Insects Sales and Growth Rate (2014-2018)

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

7.6.       South America

7.6.1.  South America Edible Insects Sales and Growth Rate (2014-2018)

7.6.2.  South America Edible Insects Revenue and Growth Rate (2014-2018)

7.6.3.  South America Edible Insects Sales by Countries (2014-2018)

7.6.4.  South America Edible Insects Revenue (Million USD) by Countries (2014-2018)

7.6.5.  Brazil

7.6.5.1.    Brazil Edible Insects Sales and Growth Rate (2014-2018)

7.6.5.2.    Brazil Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.6.  Argentina

7.6.6.1.    Argentina Edible Insects Sales and Growth Rate (2014-2018)

7.6.6.2.    Argentina Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.7.  Columbia

7.6.7.1.    Columbia Edible Insects Sales and Growth Rate (2014-2018)

7.6.7.2.    Columbia Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Edible Insects Sales and Growth Rate (2014-2018)

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

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Edible Insects Sales and Growth Rate (2014-2018)

7.7.2.  Middle East and Africa Edible Insects Revenue and Growth Rate (2014-2018)

7.7.3.  Middle East and Africa Edible Insects Sales by Countries (2014-2018)

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

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Edible Insects Sales and Growth Rate (2014-2018)

7.7.5.2.    Saudi Arabia Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Edible Insects Sales and Growth Rate (2014-2018)

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

7.7.7.  Egypt

7.7.7.1.    Egypt Edible Insects Sales and Growth Rate (2014-2018)

7.7.7.2.    Egypt Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Edible Insects Sales and Growth Rate (2014-2018)

7.7.8.2.    Nigeria Edible Insects Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.9.  South Africa

7.7.9.1.    South Africa Edible Insects Sales and Growth Rate (2014-2018)

7.7.9.2.    South Africa Edible Insects 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 Edible Insects Sales and Growth Rate (2014-2018)

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

8.       Company Profiles

8.1.         HaoCheng Mealworms, Inc.

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.       Agriprotein Technologies

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.       Kreca

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.       EnviroFlight

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.       Proti-Farm

8.5.1.  Business Overview

8.5.2.  Product Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Chapul LLC

8.6.1.  Business Overview

8.6.2.  Product Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Exo Protein

8.7.1.  Business Overview

8.7.2.  Product Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Thailand Unique

8.8.1.  Business Overview

8.8.2.  Product Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Six Foods

8.9.1.  Business Overview

8.9.2.  Product Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

8.10.    Bitty Foods

8.10.1.      Business Overview

8.10.2.      Product Portfolio

8.10.3.      Strategic Developments

8.10.4.      Sales, Revenue and Market Share

8.11.    Crowbar Protein

8.11.1.      Business Overview

8.11.2.      Product Portfolio

8.11.3.      Strategic Developments

8.11.4.      Sales, Revenue and Market Share

8.12.    Edible Inc

8.12.1.      Business Overview

8.12.2.      Product Portfolio

8.12.3.      Strategic Developments

8.12.4.      Sales, Revenue and Market Share

9.       Global Edible Insects Market Competition, by Manufacturer

9.1.       Global Edible Insects Sales and Market Share by Manufacturer (2016-2017)

9.2.       Global Edible Insects Revenue and Market Share by Manufacturer (2016-2017)

9.3.       Global Edible Insects Price by Region (2016-2017)

9.4.       Top 5 Edible Insects Manufacturer Market Share

9.5.       Market Competition Trend

10.   Edible Insects Market Forecast (2018-2023)

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

10.2.    Edible Insects Market Forecast by Regions (2018-2023)

10.2.1.      North America Edible Insects Market Forecast (2018-2023)

10.2.1.1. United States Edible Insects Market Forecast (2018-2023)

10.2.1.2. Canada Edible Insects Market Forecast (2018-2023)

10.2.1.3. Mexico Edible Insects Market Forecast (2018-2023)

10.2.2.      Europe Edible Insects Market Forecast (2018-2023)

10.2.2.1. Germany Edible Insects Market Forecast (2018-2023)

10.2.2.2. United Kingdom Edible Insects Market Forecast (2018-2023)

10.2.2.3. France Edible Insects Market Forecast (2018-2023)

10.2.2.4. Russia Edible Insects Market Forecast (2018-2023)

10.2.2.5. Italy Edible Insects Market Forecast (2018-2023)

10.2.2.6. Rest of the Europe Edible Insects Market Forecast (2018-2023)

10.2.3.      Asia-Pacific Edible Insects Market Forecast (2018-2023)

10.2.3.1. China Edible Insects Market Forecast (2018-2023)

10.2.3.2. Japan Edible Insects Market Forecast (2018-2023)

10.2.3.3. Korea Edible Insects Market Forecast (2018-2023)

10.2.3.4. India Edible Insects Market Forecast (2018-2023)

10.2.3.5. Southeast Asia Edible Insects Market Forecast (2018-2023)

10.2.3.6. Rest of Asia-Pacific Edible Insects Market Forecast (2018-2023)

10.2.4.      South America Edible Insects Market Forecast (2018-2023)

10.2.4.1. Brazil Edible Insects Market Forecast (2018-2023)

10.2.4.2. Argentina Edible Insects Market Forecast (2018-2023)

10.2.4.3. Columbia Edible Insects Market Forecast (2018-2023)

10.2.4.4. Rest of South America Edible Insects Market Forecast (2018-2023)

10.2.5.      Middle East and Africa Edible Insects Market Forecast (2018-2023)

10.2.5.1. Saudi Arabia Edible Insects Market Forecast (2018-2023)

10.2.5.2. UAE Edible Insects Market Forecast (2018-2023)

10.2.5.3. Egypt Edible Insects Market Forecast (2018-2023)

10.2.5.4. Nigeria Edible Insects Market Forecast (2018-2023)

10.2.5.5. South Africa Edible Insects Market Forecast (2018-2023)

10.2.5.6. Rest of MEA Edible Insects Market Forecast (2018-2023)

10.3.    Edible Insects Market Forecast by Product (2018-2023)

10.3.1.      Global Edible Insects Sales Forecast by Product (2018-2023)

10.3.2.      Global Edible Insects Sales Market Share Forecast by Product (2018-2023)

10.4.    Edible Insects Market Forecast by Application (2018-2023)

10.4.1.      Global Edible Insects Sales Forecast by Application (2018-2023)

10.4.2.      Global Edible Insects Sales Market Share Forecast by Application (2018-2023)


List of Tables

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