Pet Wearable Market By Technology And Application - Global Industry Analysis And Forecast To 2023

Published On : May 2022 Pages : 90 Category: Electrical Systems & Components Report Code : SE05743

Industry Outlook and Trend Analysis

The Pet Wearable Market was worth USD 0.78 billion in 2017 and is expected to reach approximately USD 4.02 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 19.92% during the forecast period. The business has seen impressive development attributable to the expanding awareness among the proprietors about pet well-being. In addition, expanding attachment of consumers with their pets for companionship, fitness, entertainment and mental wellbeing has brought about more spending by them on their companion than earlier which is expected to boost the market development. Pet wearable is likewise one of the cases of wearable innovation for personal use. This innovation encourages people to associate with their pets and track their daily exercises.

Technology Outlook and Trend Analysis

The demand for GPS based pet wearable is anticipated to develop at a significant CAGR over the estimate time frame. GPS tracking devices are increasing expanding prominence. Interest for two-way correspondence for pet tracking devices, which focuses on integrated devices and programming stages offered by key industry members is foreseen to draw the attention of consumers. The RFID technology segment represented the biggest share of the market in 2017.

Application Outlook and Trend Analysis

The market for the medical diagnosis & treatment application is anticipated to develop at a significant rate over the gauge time frame. The ascent sought after for wearable gadgets which would give measured data about the physical activity and wellbeing information about pets to their owner. The market development is additionally helped attributable to the increasing concerns associated with obesity in the pets, for example, cats and dogs, which can decrease their future by 2 to 3 years and furthermore drove different serious diseases.

Regional Outlook and Trend Analysis

North America market was esteemed at USD 505.9 million in 2017. The North America locale holds the biggest share of the general pet wearable industry. The market development in the district is ascribed to the developing spending on pets and the developing interest for advanced innovation among the technically knowledgeable owners. As indicated by the American Pet Products Association, the US pet industry was USD 66.75 billion in 2017.

Competitive Insights

The leading players in the market are Tractive, PetPace LLC, Whistle, Garmin International Inc, FitBark and i4C Innovations. 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 Pet Wearable Market is segmented as follows-

By Technology:

  • GPS
  • RFID
  • Sensors

By Application:

  • Behaviour monitoring & control
  • Medical diagnosis & treatment
  • Identification & tracking
  • Facilitation, safety & security

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

·         Pet Wearable Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Identification & tracking

·         Behavior monitoring & control

·         Facilitation, safety & security

·         Medical diagnosis & treatment

·         Pet Wearable Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)

·         RFID

·         GPS

·         Sensors

·         Pet Wearable Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Pet Wearable Market, By Country

o    U.S. Pet Wearable Market

o    Canada Pet Wearable Market

o    Mexico Pet Wearable Market

·         Europe

§  Europe Pet Wearable Market, By Country

o    Germany Pet Wearable Market

o    UK Pet Wearable Market

o    France Pet Wearable Market

o    Russia Pet Wearable Market

o    Italy Pet Wearable Market

o    Rest of Europe Pet Wearable Market

·         Asia-Pacific

§  Asia-Pacific Pet Wearable Market, By Country

o    China Pet Wearable Market

o    Japan Pet Wearable Market

o    South Korea Pet Wearable Market

o    India Pet Wearable Market

o    Southeast Asia Pet Wearable Market

o    Rest of Asia-Pacific Pet Wearable Market

·         South America

§  South America Pet Wearable Market

o    Brazil Pet Wearable Market

o    Argentina Pet Wearable Market

o    Columbia Pet Wearable Market

o    South Africa Pet Wearable Market

o    Rest of South America Pet Wearable Market

·         Middle East and Africa

§  Middle East and Africa Pet Wearable Market

o    Saudi Arabia Pet Wearable Market

o    UAE Pet Wearable Market

o    Egypt Pet Wearable Market

o    Nigeria Pet Wearable Market

o    South Africa Pet Wearable Market

o    Rest of MEA Pet Wearable 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.       Pet Wearable Market, By Application

5.1.       Introduction

5.2.       Global Pet Wearable Sales, Revenue and Market Share by Application (2017-2017)

5.2.1.  Global Pet Wearable Sales and Sales Share by Application (2017-2017)

5.2.2.  Global Pet Wearable Revenue and Revenue Share by Application (2017-2017)

5.3.       Pet Wearable Market Assessment and Forecast, By Application, 2017-2023

5.4.       Identification & Tracking

5.4.1.  Global Identification & Tracking Sales and Growth Rate (2017-2027)

5.5.       Behavior Monitoring & Control

5.5.1.  Global Behavior Monitoring & Control Sales and Growth Rate (2017-2027)

5.6.       Facilitation, Safety & Security

5.6.1.  Global Facilitation, Safety & Security Sales and Growth Rate (2017-2027)

5.7.       Medical Diagnosis & Treatment

5.7.1.  Global Medical Diagnosis & Treatment Sales and Growth Rate (2017-2027)

6.       Pet Wearable Market, By Technology

6.1.       Introduction

6.2.       Global Pet Wearable Sales, Revenue and Market Share by Technology (2017-2017)

6.2.1.  Global Pet Wearable Sales and Sales Share by Technology (2017-2017)

6.2.2.  Global Pet Wearable Revenue and Revenue Share by Technology (2017-2017)

6.3.       The Pet Wearable Market Assessment and Forecast, By Technology, 2017-2023

6.4.       RFID

6.4.1.  Global RFID Sales and Growth Rate (2017-2027)

6.5.       GPS

6.5.1.  Global GPS Sales and Growth Rate (2017-2027)

6.6.       Sensors

6.6.1.  Global Sensors Sales and Growth Rate (2017-2027)

7.       Pet Wearable Market, By Region

7.1.       Introduction

7.2.       Global Pet Wearable Sales, Revenue and Market Share by Regions

7.2.1.  Global Pet Wearable Sales by Regions (2017-2027)

7.2.2.  Global Pet Wearable Revenue by Regions (2017-2027)

7.3.       North America Pet Wearable by Countries

7.3.1.  North America Pet Wearable Sales and Growth Rate (2017-2027)

7.3.2.  North America Pet Wearable Revenue and Growth Rate (2017-2027)

7.3.3.  North America Pet Wearable Sales by Countries (2017-2027)

7.3.4.  North America Pet Wearable Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Pet Wearable Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Pet Wearable Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Pet Wearable Sales (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Pet Wearable Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Pet Wearable by Countries

7.4.1.  Europe Pet Wearable Sales and Growth Rate (2017-2027)

7.4.2.  Europe Pet Wearable Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Pet Wearable Sales by Countries (2017-2027)

7.4.4.  Europe Pet Wearable Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Pet Wearable Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Pet Wearable Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Pet Wearable Sales and Growth Rate (2017-2027)

7.4.7.2.    France Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Pet Wearable Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Pet Wearable Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Pet Wearable Sales and Growth Rate (2017-2027)

7.4.10.2. Rest of Europe Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Pet Wearable Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Pet Wearable Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Pet Wearable Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Pet Wearable Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Pet Wearable Sales and Growth Rate (2017-2027)

7.5.5.2.    China Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Pet Wearable Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Pet Wearable Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Pet Wearable Sales and Growth Rate (2017-2027)

7.5.8.2.    India Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Pet Wearable Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Pet Wearable Sales and Growth Rate (2017-2027)

7.5.10.2. Rest of Asia-Pacific Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Pet Wearable Sales and Growth Rate (2017-2027)

7.6.2.  South America Pet Wearable Revenue and Growth Rate (2017-2027)

7.6.3.  South America Pet Wearable Sales by Countries (2017-2027)

7.6.4.  South America Pet Wearable Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Pet Wearable Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Pet Wearable Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Pet Wearable Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Pet Wearable Sales and Growth Rate (2017-2027)

7.6.8.2.    Rest of South America Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Pet Wearable Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Pet Wearable Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Pet Wearable Sales by Countries (2017-2027)

7.7.4.  Middle East and Africa Pet Wearable Revenue (Million USD) by Countries (2017-2027)

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Pet Wearable Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Pet Wearable Sales and Growth Rate (2017-2027)

7.7.6.2.    United Arab Emirates Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Egypt

7.7.7.1.    Egypt Pet Wearable Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Pet Wearable Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Pet Wearable Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Pet Wearable 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 Pet Wearable Sales and Growth Rate (2017-2027)

7.7.10.2. Rest of Middle East and Africa Pet Wearable Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       Fitbark

8.1.1.  Business Overview

8.1.2.  Technology Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       GEA Group

8.2.1.  Business Overview

8.2.2.  Technology Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       i4C Innovations

8.3.1.  Business Overview

8.3.2.  Technology  Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       IceRobotics Ltd

8.4.1.  Business Overview

8.4.2.  Technology Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Konectera Inc.

8.5.1.  Business Overview

8.5.2.  Technology Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       Loc8tor

8.6.1.  Business Overview

8.6.2.  Technology Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Motorola

8.7.1.  Business Overview

8.7.2.  Technology Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Nedap

8.8.1.  Business Overview

8.8.2.  Technology  Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       Otto Petcare System

8.9.1.  Business Overview

8.9.2.  Technology  Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

8.10.    PetPace LLC

8.10.1.      Business Overview

8.10.2.      Technology  Portfolio

8.10.3.      Strategic Developments

8.10.4.      Sales, Revenue and Market Share

9.       Global Pet Wearable Market Competition, by Manufacturer

9.1.       Global Pet Wearable Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Pet Wearable Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Global Pet Wearable Price by Manufacturer (2017-2017)

9.4.       Top 5 Pet Wearable Manufacturer Market Share

9.5.       Market Competition Trend

10.   Pet Wearable Market Forecast (2027-2023)

10.1.    Global Pet Wearable Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Pet Wearable Market Forecast by Regions (2027-2023)

10.2.1.      North America Pet Wearable Market Forecast (2027-2023)

10.2.1.1. United States Pet Wearable Market Forecast (2027-2023)

10.2.1.2. Canada Pet Wearable Market Forecast (2027-2023)

10.2.1.3. Mexico Pet Wearable Market Forecast (2027-2023)

10.2.2.      Europe Pet Wearable Market Forecast (2027-2023)

10.2.2.1. Germany Pet Wearable Market Forecast (2027-2023)

10.2.2.2. United Kingdom Pet Wearable Market Forecast (2027-2023)

10.2.2.3. France Pet Wearable Market Forecast (2027-2023)

10.2.2.4. Russia Pet Wearable Market Forecast (2027-2023)

10.2.2.5. Italy Pet Wearable Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Pet Wearable Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Pet Wearable Market Forecast (2027-2023)

10.2.3.1. China Pet Wearable Market Forecast (2027-2023)

10.2.3.2. Japan Pet Wearable Market Forecast (2027-2023)

10.2.3.3. Korea Pet Wearable Market Forecast (2027-2023)

10.2.3.4. India Pet Wearable Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Pet Wearable Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Pet Wearable Market Forecast (2027-2023)

10.2.4.      South America Pet Wearable Market Forecast (2027-2023)

10.2.4.1. Brazil Pet Wearable Market Forecast (2027-2023)

10.2.4.2. Argentina Pet Wearable Market Forecast (2027-2023)

10.2.4.3. Columbia Pet Wearable Market Forecast (2027-2023)

10.2.4.4. Rest of South America Pet Wearable Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Pet Wearable Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Pet Wearable Market Forecast (2027-2023)

10.2.5.2. UAE Pet Wearable Market Forecast (2027-2023)

10.2.5.3. Egypt Pet Wearable Market Forecast (2027-2023)

10.2.5.4. Nigeria Pet Wearable Market Forecast (2027-2023)

10.2.5.5. South Africa Pet Wearable Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Pet Wearable Market Forecast (2027-2023)

10.3.    Pet Wearable Market Forecast by Application (2027-2023)

10.3.1.      Global Pet Wearable Sales Forecast by Application (2027-2023)

10.3.2.      Global Pet Wearable Sales Market Share Forecast by Application (2027-2023)

10.4.    Pet Wearable Market Forecast by Technology (2027-2023)

10.4.1.      Global Pet Wearable Sales Forecast by Technology (2027-2023)

10.4.2.      Global Pet Wearable Sales Market Share Forecast by Technology (2027-2023)

List of Tables and Figures

*You can glance through the list of Tables and Figures when you view the sample copy of Pet Wearable Market.


List of Tables

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