Ph Meter Market By Product, Application And End-user- Global Industry Analysis & Forecast To 2023.
Published On : June 2022 Pages : 115 Category: Medical Devices Report Code : HC06834
Industry Outlook & Trend Analysis
The global pH meter Market was worth USD 1.32 billion in 2017 and is expected to reach approximately USD 2.15 billion by 2023 at a CAGR of 5.60%. The pH meter is a device that measures acidity or alkalinity of water based solutions with the help of potential difference between its electrodes. The pH meter industry is driven by rising demand of these devices in various industries like agriculture, food processing, water treatment, mining, pharmaceuticals, etc. Besides this, rising health concerns, gastrointestinal diseases, and increase in awareness of test and treatment of various gastro related diseases and technological advancements in pH meters would boost the market.
Type Outlook & Trend Analysis
The pH meter is of three types namely, Bench Top meters, Portable pH Meters, and Continuous pH meters. Benchtop pH meters are the oldest type in the range and are widely used in industries and labs thus holding majority of share. Portable type pH meters are widely gaining recognition due to their handy and convenient design. An increase in awareness for pH test of water for its acidic or alkali nature due to its harmful effects, incorporation of sensors and ability to test multiple parameters are various factors that would boost the pH meter market.
Application Outlook & Trend Analysis
By application the pH meter market is portioned into Food Science, Bioprocessing, Chemicals and Petrochemicals, Water and Wastewater Treatment, Educational Laboratories and Environmental Research and Pollution Control. The pH meter is widely used to check pH level of canned food product like jams, jellies, canned beans, etc. to assure food quality and safety. This assures lucrative growth in food science during the forecast period. The bioprocessing industry market for pH meters will continue growing alongside owing to use of pH meters in checking pH levels during batch fermentation.
End User Outlook & Trend Analysis
The pH meter End-user market is divided into Food and Beverage, Pharmaceutical and Biotechnology Companies and Government and Academic Institutions. The Pharmaceutical and biotechnology rules the market due to high usage of pH meter in this industry and is also foreseen to experience growth in coming years during forecast. Due to various imposed regulations making it mandatory to use pH meters in food & beverage industry to ensure quality and safety, the market is thus expected to grow during the forecast period.
Regional Outlook & Trend Analysis
Due to its strict regulations regarding safety and quality of drinking water and presence of key players in market, North America consumes largest share in pH meter market. Strict regulations are imposed by United States Environment Protection Agency (EPA) regarding safety of drinking water. The Asia-Pacific region holds the second largest share in pH meter market owing to rising food & drug and environmental safety concerns. Europe’s sophisticated lifestyle & healthcare, high grade of Research & Development activities, rising environmental awareness and rising concerns regarding food and safety are various factors advancing market growth.
Competitive Insights
The leading players in market are Thermo Fisher Scientific Corporation, Hanna Instruments, Danaher Corporation, Agilent Technologies, Mettler Toledo, Horiba, PerkinElmer and Metrohm USA. 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 pH meter Market is segmented as follows-
By Type:
- Bench Top meters
- Portable pH Meters
- Continuous pH meters
By Application:
- Food Science
- Bioprocessing
- Chemicals and Petrochemicals
- Water and Wastewater Treatment
- Educational Laboratories
- Environmental Research and Pollution Control
By End User:
- Food and Beverage
- Pharmaceutical and Biotechnology Companies
- Government and Academic Institutions
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
· PH Meter Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
o Bench Top Meters
o Portable Meters
o Continuous Meters
· PH Meter Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
o Food Science
o Bioprocessing
o Chemicals and Petrochemicals
o Water and Wastewater Treatment
o Educational Laboratories and Environmental Research
o Pollution Control
· PH Meter Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
o Food and Beverage
o Pharmaceutical and Biotechnology Companies
o Government and Academic Institutions
· PH Meter Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America PH Meter Market, By Country
o U.S. PH Meter Market
o Canada PH Meter Market
o Mexico PH Meter Market
o Europe
§ Europe PH Meter Market, By Country
o Germany PH Meter Market
o UK PH Meter Market
o France PH Meter Market
o Russia PH Meter Market
o Italy PH Meter Market
o Rest of Europe PH Meter Market
o Asia-Pacific
§ Asia-Pacific PH Meter Market, By Country
o China PH Meter Market
o Japan PH Meter Market
o South Korea PH Meter Market
o India PH Meter Market
o Southeast Asia PH Meter Market
o Rest of Asia-Pacific PH Meter Market
o South America
§ South America PH Meter Market
o Brazil PH Meter Market
o Argentina PH Meter Market
o Columbia PH Meter Market
o South Africa PH Meter Market
o Rest of South America PH Meter Market
o Middle East and Africa
§ Middle East and Africa PH Meter Market
o Saudi Arabia PH Meter Market
o UAE PH Meter Market
o Egypt PH Meter Market
o Nigeria PH Meter Market
o South Africa PH Meter Market
o Rest of MEA PH Meter 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
3.2.1.1. Technological Advancements
3.2.1.2. Positive regulations in Developed Countries
3.2.1.3. Rising Outbreaks Of Water Borne Diseases In Developing Countries
3.2.2. Restraints
3.2.2.1. Difficult to Measure ph. Of Solutions With Low Ion Concentration
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. PH Meter Market, By Type
5.1. Introduction
5.2. Global PH Meter Sales, Revenue and Market Share By Type (2017-2027)
5.2.1. Global PH Meter Sales and Sales Share By Type (2017-2027)
5.2.2. Global PH Meter Revenue and Revenue Share By Type (2017-2027)
5.3. Bench Top Meters
5.3.1. Global Bench Top Meters Sales and Growth Rate (2017-2027)
5.4. Portable Meters
5.4.1. Global Portable Meters Sales and Growth Rate (2017-2027)
5.5. Continuous Meters
5.5.1. Global Continuous Meters Sales and Growth Rate (2017-2027)
6. PH Meter Market, By Application
6.1. Introduction
6.2. Global PH Meter Sales, Revenue and Market Share By Application (2017-2027)
6.2.1. Global PH Meter Sales and Sales Share By Application (2017-2027)
6.2.2. Global PH Meter Revenue and Revenue Share By Application (2017-2027)
6.3. Food Science
6.3.1. Global Food Science Sales and Growth Rate (2017-2027)
6.4. Bioprocessing
6.4.1. Global Bioprocessing Sales and Growth Rate (2017-2027)
6.5. Chemicals and Petrochemicals
6.5.1. Global Chemicals and Petrochemicals Sales and Growth Rate (2017-2027)
6.6. Water and Wastewater Treatment
6.6.1. Global Water and Wastewater Treatment Sales and Growth Rate (2017-2027)
6.7. Educational Laboratories and Environmental Research
6.7.1. Global Educational Laboratories and Environmental Research Sales and Growth Rate (2017-2027)
6.8. Pollution Control
6.8.1. Global Pollution Control Sales and Growth Rate (2017-2027)
7. PH Meter Market, By End User
7.1. Introduction
7.2. Global PH Meter Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global PH Meter Sales and Sales Share by End User (2017-2027)
7.2.2. Global PH Meter Revenue and Revenue Share by End User (2017-2027)
7.3. Food and Beverage
7.3.1. Global Food and Beverage Sales and Growth Rate (2017-2027)
7.4. Pharmaceutical and Biotechnology Companies
7.4.1. Global Pharmaceutical and Biotechnology Companies Sales and Growth Rate (2017-2027)
7.5. Government and Academic Institutions
7.5.1. Global Government and Academic Institutions Sales and Growth Rate (2017-2027)
8. PH Meter Market, By Region
8.1. Introduction
8.2. Global PH Meter Sales, Revenue and Market Share by Regions
8.2.1. Global PH Meter Sales by Regions (2017-2027)
8.2.2. Global PH Meter Revenue by Regions (2017-2027)
8.3. North America PH Meter by Countries
8.3.1. North America PH Meter Sales and Growth Rate (2017-2027)
8.3.2. North America PH Meter Revenue and Growth Rate (2017-2027)
8.3.3. North America PH Meter Sales by Countries (2017-2027)
8.3.4. North America PH Meter Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States PH Meter Sales and Growth Rate (2017-2027)
8.3.5.2. United States PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada PH Meter Sales and Growth Rate (2017-2027)
8.3.6.2. Canada PH Meter Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico PH Meter Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe PH Meter by Countries
8.4.1. Europe PH Meter Sales and Growth Rate (2017-2027)
8.4.2. Europe PH Meter Revenue and Growth Rate (2017-2027)
8.4.3. Europe PH Meter Sales by Countries (2017-2027)
8.4.4. Europe PH Meter Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany PH Meter Sales and Growth Rate (2017-2027)
8.4.5.2. Germany PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK PH Meter Sales and Growth Rate (2017-2027)
8.4.6.2. UK PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France PH Meter Sales and Growth Rate (2017-2027)
8.4.7.2. France PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia PH Meter Sales and Growth Rate (2017-2027)
8.4.8.2. Russia PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy PH Meter Sales and Growth Rate (2017-2027)
8.4.9.2. Italy PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe PH Meter Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific PH Meter Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific PH Meter Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific PH Meter Sales by Countries (2017-2027)
8.5.4. Asia-Pacific PH Meter Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China PH Meter Sales and Growth Rate (2017-2027)
8.5.5.2. China PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan PH Meter Sales and Growth Rate (2017-2027)
8.5.6.2. Japan PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.7. Korea
8.5.7.1. Korea PH Meter Sales and Growth Rate (2017-2027)
8.5.7.2. Korea PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India PH Meter Sales and Growth Rate (2017-2027)
8.5.8.2. India PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia PH Meter Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific PH Meter Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America PH Meter Sales and Growth Rate (2017-2027)
8.6.2. South America PH Meter Revenue and Growth Rate (2017-2027)
8.6.3. South America PH Meter Sales by Countries (2017-2027)
8.6.4. South America PH Meter Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil PH Meter Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina PH Meter Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia PH Meter Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America PH Meter Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa PH Meter Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa PH Meter Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa PH Meter Sales by Countries (2017-2027)
8.7.4. Middle East and Africa PH Meter Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia PH Meter Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates PH Meter Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt PH Meter Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria PH Meter Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa PH Meter Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa PH Meter Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa PH Meter Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Thermo Fisher Scientific Corporation
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Hanna Instruments
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. Danaher Corporation
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Agilent Technologies
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Mettler Toledo
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Horiba
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. PerkinElmer
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Metrohm USA.
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
10. Global PH Meter Market Competition, by Manufacturer
10.1. Global PH Meter Sales and Market Share by Manufacturer (2017-2017)
10.2. Global PH Meter Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global PH Meter Price by Manufacturer (2017-2017)
10.4. Top 5 PH Meter Manufacturer Market Share
10.5. Market Competition Trend
11. PH Meter Market Forecast (2027-2023)
11.1. Global PH Meter Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. PH Meter Market Forecast by Regions (2027-2023)
11.2.1. North America PH Meter Market Forecast (2027-2023)
11.2.1.1. United States PH Meter Market Forecast (2027-2023)
11.2.1.2. Canada PH Meter Market Forecast (2027-2023)
11.2.1.3. Mexico PH Meter Market Forecast (2027-2023)
11.2.2. Europe PH Meter Market Forecast (2027-2023)
11.2.2.1. Germany PH Meter Market Forecast (2027-2023)
11.2.2.2. United Kingdom PH Meter Market Forecast (2027-2023)
11.2.2.3. France PH Meter Market Forecast (2027-2023)
11.2.2.4. Russia PH Meter Market Forecast (2027-2023)
11.2.2.5. Italy PH Meter Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe PH Meter Market Forecast (2027-2023)
11.2.3. Asia-Pacific PH Meter Market Forecast (2027-2023)
11.2.3.1. China PH Meter Market Forecast (2027-2023)
11.2.3.2. Japan PH Meter Market Forecast (2027-2023)
11.2.3.3. Korea PH Meter Market Forecast (2027-2023)
11.2.3.4. India PH Meter Market Forecast (2027-2023)
11.2.3.5. Southeast Asia PH Meter Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific PH Meter Market Forecast (2027-2023)
11.2.4. South America PH Meter Market Forecast (2027-2023)
11.2.4.1. Brazil PH Meter Market Forecast (2027-2023)
11.2.4.2. Argentina PH Meter Market Forecast (2027-2023)
11.2.4.3. Columbia PH Meter Market Forecast (2027-2023)
11.2.4.4. Rest of South America PH Meter Market Forecast (2027-2023)
11.2.5. Middle East and Africa PH Meter Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia PH Meter Market Forecast (2027-2023)
11.2.5.2. UAE PH Meter Market Forecast (2027-2023)
11.2.5.3. Egypt PH Meter Market Forecast (2027-2023)
11.2.5.4. Nigeria PH Meter Market Forecast (2027-2023)
11.2.5.5. South Africa PH Meter Market Forecast (2027-2023)
11.2.5.6. Rest of MEA PH Meter Market Forecast (2027-2023)
11.3. PH Meter Market Forecast By Type (2027-2023)
11.3.1. Global PH Meter Sales Forecast By Type(2027-2023)
11.3.2. Global PH Meter Sales Market Share Forecast By Type (2027-2023)
11.4. PH Meter Market Forecast By Application (2027-2023)
11.4.1. Global PH Meter Sales Forecast By Application (2027-2023)
11.4.2. Global PH Meter Sales Market Share Forecast By Application (2027-2023)
11.5. PH Meter Market Forecast by End User (2027-2023)
11.5.1. Global PH Meter Sales Forecast by End User (2027-2023)
11.5.2. Global PH Meter Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of pH Meter 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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