Infrared Spectroscopy Devices Market By Technique Spectrum Sensitivity (Near-infrared (NIR), Mid-infrared (Mid IR), and Far-infrared (Far IR)); by Technology (Dispersive infrared spectroscopy and Fourier transform infrared (FTIR) spectroscopy)); by Product (Bench top, Portable, and Hyphenated) and by End Users (Hospitals and Clinics, Pharmaceutical Industry and Research Laboratories) - Global Industry Analysis and Forecast to 2023

Published On : August 2018 Pages : 190 Category: Medical Devices Report Code : HC081138

Industry Outlook and Trend Analysis

The Infrared spectroscopy Devices Market was worth USD 0.77 billion in 2014 and is expected to reach approximately USD 1.35 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.45% during the forecast period. Infrared (IR) spectroscopy is a method used for structure illustration, identifying and measuring components or particles in any example which might be gas, solid, or liquid. IR spectroscopy has turned into a fundamental technique in various ventures, for example, biotechnology, pharmaceutical, sustenance, substance and so on for quality control and raw material testing. Besides the pharmaceutical organizations, the infrared technology is getting acknowledged in different fields, for example,  food analysis, insect detection, biotechnology, genetics & genomics analysis, proteomic research, crime detection and forensic lab application.

Drivers and Restraints

One of the major drivers for the market is that Infrared spectroscopy has a critical value in clinical science and non-invasive diagnostics. For example, it might be used in setting up of without reagent multi-parameter measures for different biofluids by using the mid-infrared spectra. Nanoliter test volumes in dry film measurements can be used for persistent self-monitoring systems along with others, for example, point of care instruments; fibre-optic accessories can be a possibility for bolstering the miniaturization of the device, which makes the apparatus more easy to use. The aforementioned factors have been boosting the demand of the product significantly and are anticipated to boost the demand over the forecast period.

Regional Outlook and Trend Analysis

North America commands the worldwide close infrared spectroscopy market because of broad usage of the technology in R&D followed by Western Europe and Japan in Asia Pacific district. Nonetheless, development in other Asian districts is anticipated to develop with an expansion in demand for research process because of the financial condition and accessibility of assets.

Competitive Insights

The leading layers in the market are Shimadzu Corp, Sartorius AG, Jasco Products Company, Princeton Instruments, Bruker, Thermo Fisher Scientific, PerkinElmer and Agilent Technologies. 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 Infrared spectroscopy Devices Market is segmented as follows-

By Spectrum Sensitivity

  • Far-infrared (Far IR)
  • Near-infrared (NIR)
  • Mid-infrared (Mid IR)

By Technology

  • Fourier transform infrared (FTIR) spectroscopy
  • Dispersive infrared spectroscopy

By Product

  • Portable
  • Bench top
  • Hyphenated

By End Users

  • Pharmaceutical Industry
  • Hospitals and Clinics
  • Research Laboratories

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

·         Infrared Spectroscopy Devices Market, By Spectrum Sensitivity, Estimates and Forecast, 2014-2023 ($Million)

·         Near-infrared (NIR)

·         Mid-infrared (Mid IR)

·         Far-infrared (Far IR)

·         Infrared Spectroscopy Devices Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)

·         Dispersive infrared spectroscopy

·         Fourier transform infrared (FTIR) spectroscopy

·         Infrared Spectroscopy Devices Market, By Product, Estimates and Forecast, 2014-2023 ($Million)

·         Bench top

·         Portable

·         Hyphenated

·         Infrared Spectroscopy Devices Market, By End User, Estimates and Forecast, 2014-2023 ($Million)

·         Hospitals and Clinics

·         Pharmaceutical Industry

·         Research Laboratories

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

o    North America

§  North America Infrared Spectroscopy Devices Market, By Country

o    U.S. Infrared Spectroscopy Devices Market

o    Canada Infrared Spectroscopy Devices Market

o    Mexico Infrared Spectroscopy Devices Market

o    Europe

§  Europe Infrared Spectroscopy Devices Market, By Country

o    Germany Infrared Spectroscopy Devices Market

o    UK Infrared Spectroscopy Devices Market

o    France Infrared Spectroscopy Devices Market

o    Russia Infrared Spectroscopy Devices Market

o    Italy Infrared Spectroscopy Devices Market

o    Rest of Europe Infrared Spectroscopy Devices Market

o    Asia-Pacific

§  Asia-Pacific Infrared Spectroscopy Devices Market, By Country

o    China Infrared Spectroscopy Devices Market

o    Japan Infrared Spectroscopy Devices Market

o    South Korea Infrared Spectroscopy Devices Market

o    India Infrared Spectroscopy Devices Market

o    Southeast Asia Infrared Spectroscopy Devices Market

o    Rest of Asia-Pacific Infrared Spectroscopy Devices Market

o    South America

§  South America Infrared Spectroscopy Devices Market

o    Brazil Infrared Spectroscopy Devices Market

o    Argentina Infrared Spectroscopy Devices Market

o    Columbia Infrared Spectroscopy Devices Market

o    South Africa Infrared Spectroscopy Devices Market

o    Rest of South America Infrared Spectroscopy Devices Market

o    Middle East and Africa

§  Middle East and Africa Infrared Spectroscopy Devices Market

o    Saudi Arabia Infrared Spectroscopy Devices Market

o    UAE Infrared Spectroscopy Devices Market

o    Egypt Infrared Spectroscopy Devices Market

o    Nigeria Infrared Spectroscopy Devices Market

o    South Africa Infrared Spectroscopy Devices Market

o    Rest of MEA Infrared Spectroscopy 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.       Infrared Spectroscopy Devices Market, By Spectrum Sensitivity

5.1.       Introduction

5.2.       Global Infrared Spectroscopy Devices Revenue and Market Share by Spectrum Sensitivity (2014-2018)

5.2.1.  Global Infrared Spectroscopy Devices Revenue and Revenue Share by Spectrum Sensitivity (2014-2018)

5.3.       Near-infrared (NIR)

5.3.1.  Global Near-infrared (NIR) Revenue and Growth Rate (2014-2018)

5.4.       Mid-infrared (Mid IR)

5.4.1.  Global Mid-infrared (Mid IR) Revenue and Growth Rate (2014-2018)

5.5.       Far-infrared (Far IR)

5.5.1.  Global Far-infrared (Far IR) Revenue and Growth Rate (2014-2018)

6.       Infrared Spectroscopy Devices Market, By Technology

6.1.       Introduction

6.2.       Global Infrared Spectroscopy Devices Revenue and Market Share by Technology (2014-2018)

6.2.1.  Global Infrared Spectroscopy Devices Revenue and Revenue Share by Technology (2014-2018)

6.3.       Dispersive infrared spectroscopy

6.3.1.  Global Dispersive infrared spectroscopy Revenue and Growth Rate (2014-2018)

6.4.       Fourier transform infrared (FTIR) spectroscopy

6.4.1.  Global Fourier transform infrared (FTIR) spectroscopy Revenue and Growth Rate (2014-2018)

7.       Infrared Spectroscopy Devices Market, By Product

7.1.       Introduction

7.2.       Global Infrared Spectroscopy Devices Revenue and Market Share by Product (2014-2018)

7.2.1.  Global Infrared Spectroscopy Devices Revenue and Revenue Share by Product (2014-2018)

7.3.       Bench top

7.3.1.  Global Bench top Revenue and Growth Rate (2014-2018)

7.4.       Portable

7.4.1.  Global Portable Revenue and Growth Rate (2014-2018)

7.5.       Hyphenated

7.5.1.  Global Hyphenated Revenue and Growth Rate (2014-2018)

8.       Infrared Spectroscopy Devices Market, By End User

8.1.       Introduction

8.2.       Global Infrared Spectroscopy Devices Revenue and Market Share by End User (2014-2018)

8.2.1.  Global Infrared Spectroscopy Devices Revenue and Revenue Share by End User (2014-2018)

8.3.       Hospitals and Clinics

8.3.1.  Global Hospitals and Clinics Revenue and Growth Rate (2014-2018)

8.4.       Pharmaceutical Industry

8.4.1.  Global Pharmaceutical Industry Revenue and Growth Rate (2014-2018)

8.5.       Research Laboratories

8.5.1.  Global Research Laboratories Revenue and Growth Rate (2014-2018)

9.       Infrared Spectroscopy Devices Market, By Region

9.1.       Introduction

9.2.       Global Infrared Spectroscopy Devices Revenue and Market Share by Regions

9.2.1.  Global Infrared Spectroscopy Devices Revenue by Regions (2014-2018)

9.3.       North America Infrared Spectroscopy Devices by Countries

9.3.1.  North America Infrared Spectroscopy Devices Revenue and Growth Rate (2014-2018)

9.3.2.  North America Infrared Spectroscopy Devices Revenue by Countries (2014-2018)

9.3.3.  North America Infrared Spectroscopy Devices Revenue (Million USD) by Countries (2014-2018)

9.3.4.  U.S.

9.3.4.1.    United States Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.3.5.  Canada

9.3.5.1.    Canada Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.3.6.  Mexico

9.3.6.1.    Mexico Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.       Europe Infrared Spectroscopy Devices by Countries

9.4.1.  Europe Infrared Spectroscopy Devices Revenue and Growth Rate (2014-2018)

9.4.2.  Europe Infrared Spectroscopy Devices Revenue by Countries (2014-2018)

9.4.3.  Europe Infrared Spectroscopy Devices Revenue (Million USD) by Countries (2014-2018)

9.4.4.  Germany

9.4.4.1.    Germany Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.5.  UK

9.4.5.1.    UK Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.6.  France

9.4.6.1.    France Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.7.  Russia

9.4.7.1.    Russia Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.8.  Italy

9.4.8.1.    Italy Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.4.9.  Rest of Europe

9.4.9.1.    Rest of Europe Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.       Asia-Pacific

9.5.1.  Asia-Pacific Infrared Spectroscopy Devices Revenue and Growth Rate (2014-2018)

9.5.2.  Asia-Pacific Infrared Spectroscopy Devices Revenue by Countries (2014-2018)

9.5.3.  Asia-Pacific Infrared Spectroscopy Devices Revenue (Million USD) by Countries (2014-2018)

9.5.4.  China

9.5.4.1.    China Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.5.  Japan

9.5.5.1.    Japan Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.5.2.     

9.5.6.  Korea

9.5.6.1.    Korea Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.7.  India

9.5.7.1.    India Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.8.  Southeast Asia

9.5.8.1.    Southeast Asia Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.5.9.  Rest of Asia-Pacific

9.5.9.1.    Rest of Asia-Pacific Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.6.       South America

9.6.1.  South America Infrared Spectroscopy Devices Revenue and Growth Rate (2014-2018)

9.6.2.  South America Infrared Spectroscopy Devices Revenue by Countries (2014-2018)

9.6.3.  South America Infrared Spectroscopy Devices Revenue (Million USD) by Countries (2014-2018)

9.6.4.  Brazil

9.6.4.1.    Brazil Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.6.5.  Argentina

9.6.5.1.    Argentina Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.6.6.  Columbia

9.6.6.1.    Columbia Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.6.7.  Rest of South America

9.6.7.1.    Rest of South America Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.       Middle East and Africa

9.7.1.  Middle East and Africa Infrared Spectroscopy Devices Revenue and Growth Rate (2014-2018)

9.7.2.  Middle East and Africa Infrared Spectroscopy Devices Revenue by Countries (2014-2018)

9.7.3.  Middle East and Africa Infrared Spectroscopy Devices Revenue (Million USD) by Countries (2014-2018)

9.7.4.  Saudi Arabia

9.7.4.1.    Saudi Arabia Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.5.  United Arab Emirates

9.7.5.1.    United Arab Emirates Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.6.  Egypt

9.7.6.1.    Egypt Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.7.  Nigeria

9.7.7.1.    Nigeria Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.8.  South Africa

9.7.8.1.    South Africa Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

9.7.9.  Rest of Middle East and Africa

9.7.9.1.    Rest of Middle East and Africa Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2014-2018)

10.   Company Profiles

10.1.    PerkinElmer

10.1.1.      Business Overview

10.1.2.      Spectrum Sensitivity Portfolio

10.1.3.      Strategic Developments

10.1.4.      Revenue and Market Share

10.2.    Jasco

10.2.1.      Business Overview

10.2.2.      Spectrum Sensitivity Portfolio

10.2.3.      Strategic Developments

10.2.4.      Revenue and Market Share

10.3.    Shimadzu, Bruker Corp.

10.3.1.      Business Overview

10.3.2.      Spectrum Sensitivity Portfolio

10.3.3.      Strategic Developments

10.3.4.      Revenue and Market Share

10.4.    Agilent Technologies

10.4.1.      Business Overview

10.4.2.      Spectrum Sensitivity Portfolio

10.4.3.      Strategic Developments

10.4.4.      Revenue and Market Share

10.5.    Thermo Fisher Scientific Inc.

10.5.1.      Business Overview

10.5.2.      Spectrum Sensitivity Portfolio

10.5.3.      Strategic Developments

10.5.4.      Revenue and Market Share

10.6.    Princeton Instruments

10.6.1.      Business Overview

10.6.2.      Spectrum Sensitivity Portfolio

10.6.3.      Strategic Developments

10.6.4.      Revenue and Market Share

10.7.    Sartorius AG

10.7.1.      Business Overview

10.7.2.      Spectrum Sensitivity Portfolio

10.7.3.      Strategic Developments

10.7.4.      Revenue and Market Share

11.   Global Infrared Spectroscopy Devices Market Competition, by Manufacturer

11.1.    Global Infrared Spectroscopy Devices Revenue and Market Share by Manufacturer (2016-2017)

11.2.    Global Infrared Spectroscopy Devices Price by Region (2016-2017)

11.3.    Top 5 Infrared Spectroscopy Devices Manufacturer Market Share

11.4.    Market Competition Trend

12.   Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.1.    Global Infrared Spectroscopy Devices Revenue (Millions USD) and Growth Rate (2018-2023)

12.2.    Infrared Spectroscopy Devices Market Forecast by Regions (2018-2023)

12.2.1.      North America Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.1.1. United States Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.1.2. Canada Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.1.3. Mexico Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.      Europe Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.1. Germany Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.2. United Kingdom Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.3. France Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.4. Russia Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.5. Italy Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.2.6. Rest of the Europe Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.      Asia-Pacific Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.1. China Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.2. Japan Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.3. Korea Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.4. India Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.5. Southeast Asia Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.3.6. Rest of Asia-Pacific Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.4.      South America Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.4.1. Brazil Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.4.2. Argentina Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.4.3. Columbia Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.4.4. Rest of South America Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.      Middle East and Africa Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.1. Saudi Arabia Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.2. UAE Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.3. Egypt Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.4. Nigeria Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.5. South Africa Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.2.5.6. Rest of MEA Infrared Spectroscopy Devices Market Forecast (2018-2023)

12.3.    Infrared Spectroscopy Devices Market Forecast by Spectrum Sensitivity (2018-2023)

12.3.1.      Global Infrared Spectroscopy Devices Revenue Forecast by Spectrum Sensitivity (2018-2023)

12.3.2.      Global Infrared Spectroscopy Devices Revenue Market Share Forecast by Spectrum Sensitivity (2018-2023)

12.4.    Infrared Spectroscopy Devices Market Forecast by Technology (2018-2023)

12.4.1.      Global Infrared Spectroscopy Devices Revenue Forecast by Technology (2018-2023)

12.4.2.      Global Infrared Spectroscopy Devices Revenue Market Share Forecast by Technology (2018-2023)

12.5.    Infrared Spectroscopy Devices Market Forecast by Product (2018-2023)

12.5.1.      Global Infrared Spectroscopy Devices Revenue Forecast by Product (2018-2023)

12.5.2.      Global Infrared Spectroscopy Devices Revenue Market Share Forecast by Product (2018-2023)

12.6.    Infrared Spectroscopy Devices Market Forecast by End User (2018-2023)

12.6.1.      Global Infrared Spectroscopy Devices Revenue Forecast by Toxicity End User (2018-2023)

12.6.2.      Global Infrared Spectroscopy Devices Revenue Market Share Forecast by Toxicity End User (2018-2023)


List of Tables

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