Smart Hospital Market by Components (Software and Hardware), By Technology (Cloud Computing, Artificial Intelligence, Internet of Things, RFID, Zigbee), By Applications (Remote Medicine Management and Outpatient Vigilance) - Global Industry Analysis & Forecast to 2023

Published On : August 2018 Pages : 197 Category: Electrical Systems & Components Report Code : SE081177

Industry Outlook and Trend Analysis

The Smart Hospital Market was worth USD 8.78 billion in 2014 and is expected to reach approximately USD 60.55 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 23.93% during the forecast period. A 'Smart Hospital' depends on upgraded and mechanized procedures, based on an ICT situation of interconnected resources like the Internet of Things (IoT) focused at enhancing existing patient care methods and creating new capacities. It depends on the enormous information transformation – the 'Fourth Industrial Revolution' – which includes connected devices with distributed computing, huge information investigation and man-made brainpower (AI) – to guarantee that the basic framework is smart.

Drivers and Restraints

The smart hospital is the next evolution of technology in the healthcare sector which deals with a lot of accessible information. The variables that drive the market development are developing awareness of artificial intelligence, machine learning, RFID, cloud computing services and others. The radio-frequency identification permits to data on real time basis that provides support in decision making and make a protected and dependable smart hospital management information system. The real time patient management system helps in streamlining and automating patient identification procedures.

Market Segmentation

The Smart Hospital Market is segmented on the basis of components, technology and application. Based on components the market is segmented into software and hardware. In terms of technology the market is segmented into Cloud Computing, Artificial Intelligence, Internet of Things, RFID, Zigbee. Based on application the market is segmented into Remote Medicine Management and Outpatient Vigilance.

Regional Outlook and Trend Analysis

North America is one of the major regions over the world based on market share in the smart hospital market as they are incorporated with sensors that measure heart rate, light, humidity, temperature and others. The smart hospital market in Europe area is anticipated to encounter fast development over the forecast period. Though, in Asia-Pacific nations like China, Japan and India are a developing business sector for smart hospital market and anticipated that would be the most astounding CAGR over the following years as the organizations are focusing on progressions to meet highly neglected medical needs.

Competitive Insights

The leading players in the market are athenahealth, GE Healthcare, SAP SE, Siemens, Oracle Corporation, Cerner, Microsoft Corporation, Samsung Group, Qualcomm Life Inc, Philips and Stanley Healthcare. 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 Smart Hospital Market is segmented on the basis of 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

·         Smart Hospitals Market, By Components, Estimates and Forecast, 2014-2023($Billion)

o    Software

o    Hardware

·         Smart Hospitals Market, By Technology, Estimates and Forecast, 2014-2023($Billion)

o    Cloud Computing

o    Artificial Intelligence

o    Internet of Things

o    RFID

o    Zigbee

·         Smart Hospitals Market, By Applications, Estimates and Forecast, 2014-2023($Billion)

o    Remote Medicine Management

o    Outpatient Vigilance

·         Smart Hospitals Market, By Region, Estimates and Forecast, 2014-2023($Billion)

o    North America

§  North America Smart Hospitals Market, By Country

o    U.S. Smart Hospitals Market

o    Canada Smart Hospitals Market

o    Mexico Smart Hospitals Market

o    Europe

§  Europe Smart Hospitals Market, By Country

o    Germany Smart Hospitals Market

o    UK Smart Hospitals Market

o    France Smart Hospitals Market

o    Russia Smart Hospitals Market

o    Italy Smart Hospitals Market

o    Rest of Europe Smart Hospitals Market

o    Asia-Pacific

§  Asia-Pacific Smart Hospitals Market, By Country

o    China Smart Hospitals Market

o    Japan Smart Hospitals Market

o    South Korea Smart Hospitals Market

o    India Smart Hospitals Market

o    Southeast Asia Smart Hospitals Market

o    Rest of Asia-Pacific Smart Hospitals Market

o    South America

§  South America Smart Hospitals Market

o    Brazil Smart Hospitals Market

o    Argentina Smart Hospitals Market

o    Columbia Smart Hospitals Market

o    Rest of South America Smart Hospitals Market

o    Middle East and Africa

§  Middle East and Africa Smart Hospitals Market

o    Saudi Arabia Smart Hospitals Market

o    UAE Smart Hospitals Market

o    Egypt Smart Hospitals Market

o    Nigeria Smart Hospitals Market

o    South Africa Smart Hospitals Market

o    Rest of MEA Smart Hospitals 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.       Smart Hospital Market, By Components

5.1.       Introduction

5.2.       Global Smart Hospital Sales, Revenue and Market Share by Components (2014-2018)

5.2.1.  Global Smart Hospital Sales and Sales Share by Components (2014-2018)

5.2.2.  Global Smart Hospital Revenue and Revenue Share by Components (2014-2018)

5.3.       Software  

5.3.1.  Global Software Sales and Growth Rate (2014-2018)

5.4.       Hardware

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

6.       Smart Hospital Market, By Technology

6.1.       Introduction

6.2.       Global Smart Hospital Sales, Revenue and Market Share by Technology (2014-2018)

6.2.1.  Global Smart Hospital Sales and Sales Share by Technology (2014-2018)

6.2.2.  Global Smart Hospital Revenue and Revenue Share by Technology (2014-2018)

6.3.       Cloud Computing

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

6.4.       Artificial Intelligence

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

6.5.       Internet of Things

6.5.1.  Global Internet of Things Sales and Growth Rate (2014-2018)

6.6.       RFID 

6.6.1.  Global RFID Sales and Growth Rate (2014-2018)

6.7.       Zigbee 

6.7.1.  Global Zigbee Sales and Growth Rate (2014-2018)

7.       Smart Hospital Market, By Application

7.1.       Introduction

7.2.       Global Smart Hospital Sales, Revenue and Market Share by Application (2014-2018)

7.2.1.  Global Smart Hospital Sales and Sales Share by Application (2014-2018)

7.2.2.  Global Smart Hospital Revenue and Revenue Share by Application (2014-2018)

7.3.       Remote Medicine Management

7.3.1.  Global Remote Medicine Management Sales and Growth Rate (2014-2018)

7.4.       Outpatient Vigilance

7.4.1.  Global Outpatient Vigilance Sales and Growth Rate (2014-2018)

8.       Smart Hospital Market, By Region

8.1.       Introduction

8.2.       Global Smart Hospital Sales, Revenue and Market Share by Regions

8.2.1.  Global Smart Hospital Sales by Regions (2014-2018)

8.2.2.  Global Smart Hospital Revenue by Regions (2014-2018)

8.3.       North America Smart Hospital by Countries

8.3.1.  North America Smart Hospital Sales and Growth Rate (2014-2018)

8.3.2.  North America Smart Hospital Revenue and Growth Rate (2014-2018)

8.3.3.  North America Smart Hospital Sales by Countries (2014-2018)

8.3.4.  North America Smart Hospital Revenue (Million USD) by Countries (2014-2018)

8.3.5.  U.S.

8.3.5.1.    United States Smart Hospital Sales and Growth Rate (2014-2018)

8.3.5.2.    United States Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.3.6.  Canada

8.3.6.1.    Canada Smart Hospital Sales and Growth Rate (2014-2018)

8.3.6.2.    Canada Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.3.7.  Mexico

8.3.7.1.    Mexico Smart Hospital Sales and Growth Rate (2014-2018)

8.3.7.2.    Mexico Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.       Europe Smart Hospital by Countries

8.4.1.  Europe Smart Hospital Sales and Growth Rate (2014-2018)

8.4.2.  Europe Smart Hospital Revenue and Growth Rate (2014-2018)

8.4.3.  Europe Smart Hospital Sales by Countries (2014-2018)

8.4.4.  Europe Smart Hospital Revenue (Million USD) by Countries (2014-2018)

8.4.5.  Germany

8.4.5.1.    Germany Smart Hospital Sales and Growth Rate (2014-2018)

8.4.5.2.    Germany Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.6.  UK

8.4.6.1.    UK Smart Hospital Sales and Growth Rate (2014-2018)

8.4.6.2.    UK Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.7.  France

8.4.7.1.    France Smart Hospital Sales and Growth Rate (2014-2018)

8.4.7.2.    France Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.8.  Russia

8.4.8.1.    Russia Smart Hospital Sales and Growth Rate (2014-2018)

8.4.8.2.    Russia Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.9.  Italy

8.4.9.1.    Italy Smart Hospital Sales and Growth Rate (2014-2018)

8.4.9.2.    Italy Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.10.      Rest of Europe

8.4.10.1. Rest of Europe Smart Hospital Sales and Growth Rate (2014-2018)

8.4.10.2. Rest of Europe Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.       Asia-Pacific

8.5.1.  Asia-Pacific Smart Hospital Sales and Growth Rate (2014-2018)

8.5.2.  Asia-Pacific Smart Hospital Revenue and Growth Rate (2014-2018)

8.5.3.  Asia-Pacific Smart Hospital Sales by Countries (2014-2018)

8.5.4.  Asia-Pacific Smart Hospital Revenue (Million USD) by Countries (2014-2018)

8.5.5.  China

8.5.5.1.    China Smart Hospital Sales and Growth Rate (2014-2018)

8.5.5.2.    China Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.6.  Japan

8.5.6.1.    Japan Smart Hospital Sales and Growth Rate (2014-2018)

8.5.6.2.    Japan Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.7.  Korea

8.5.7.1.    Korea Smart Hospital Sales and Growth Rate (2014-2018)

8.5.7.2.    Korea Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.8.  India

8.5.8.1.    India Smart Hospital Sales and Growth Rate (2014-2018)

8.5.8.2.    India Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.9.  Southeast Asia

8.5.9.1.    Southeast Asia Smart Hospital Sales and Growth Rate (2014-2018)

8.5.9.2.    Southeast Asia Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.10.      Rest of Asia-Pacific

8.5.10.1. Rest of Asia-Pacific Smart Hospital Sales and Growth Rate (2014-2018)

8.5.10.2. Rest of Asia-Pacific Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.       South America

8.6.1.  South America Smart Hospital Sales and Growth Rate (2014-2018)

8.6.2.  South America Smart Hospital Revenue and Growth Rate (2014-2018)

8.6.3.  South America Smart Hospital Sales by Countries (2014-2018)

8.6.4.  South America Smart Hospital Revenue (Million USD) by Countries (2014-2018)

8.6.5.  Brazil

8.6.5.1.    Brazil Smart Hospital Sales and Growth Rate (2014-2018)

8.6.5.2.    Brazil Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.6.  Argentina

8.6.6.1.    Argentina Smart Hospital Sales and Growth Rate (2014-2018)

8.6.6.2.    Argentina Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.7.  Columbia

8.6.7.1.    Columbia Smart Hospital Sales and Growth Rate (2014-2018)

8.6.7.2.    Columbia Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.8.  Rest of South America

8.6.8.1.    Rest of South America Smart Hospital Sales and Growth Rate (2014-2018)

8.6.8.2.    Rest of South America Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.       Middle East and Africa

8.7.1.  Middle East and Africa Smart Hospital Sales and Growth Rate (2014-2018)

8.7.2.  Middle East and Africa Smart Hospital Revenue and Growth Rate (2014-2018)

8.7.3.  Middle East and Africa Smart Hospital Sales by Countries (2014-2018)

8.7.4.  Middle East and Africa Smart Hospital Revenue (Million USD) by Countries (2014-2018)

8.7.5.  Saudi Arabia

8.7.5.1.    Saudi Arabia Smart Hospital Sales and Growth Rate (2014-2018)

8.7.5.2.    Saudi Arabia Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.6.  United Arab Emirates

8.7.6.1.    United Arab Emirates Smart Hospital Sales and Growth Rate (2014-2018)

8.7.6.2.    United Arab Emirates Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.7.  Egypt

8.7.7.1.    Egypt Smart Hospital Sales and Growth Rate (2014-2018)

8.7.7.2.    Egypt Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.8.  Nigeria

8.7.8.1.    Nigeria Smart Hospital Sales and Growth Rate (2014-2018)

8.7.8.2.    Nigeria Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.9.  South Africa

8.7.9.1.    South Africa Smart Hospital Sales and Growth Rate (2014-2018)

8.7.9.2.    South Africa Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.10.      Rest of Middle East and Africa

8.7.10.1. Rest of Middle East and Africa Smart Hospital Sales and Growth Rate (2014-2018)

8.7.10.2. Rest of Middle East and Africa Smart Hospital Revenue (Millions USD) and Growth Rate (2014-2018)

9.       Company Profiles

9.1.       athenahealth

9.1.1.  Business Overview

9.1.2.  Components Portfolio

9.1.3.  Strategic Developments

9.1.4.  Sales, Revenue and Market Share

9.2.       GE Healthcare

9.2.1.  Business Overview

9.2.2.  Components Portfolio

9.2.3.  Strategic Developments

9.2.4.  Sales, Revenue and Market Share

9.3.       SAP SE

9.3.1.  Business Overview

9.3.2.  Components Portfolio

9.3.3.  Strategic Developments

9.3.4.  Sales, Revenue and Market Share

9.4.       Siemens

9.4.1.  Business Overview

9.4.2.  Components Portfolio

9.4.3.  Strategic Developments

9.4.4.  Sales, Revenue and Market Share

9.5.       Oracle Corporation

9.5.1.  Business Overview

9.5.2.  Components Portfolio

9.5.3.  Strategic Developments

9.5.4.  Sales, Revenue and Market Share

9.6.       Cerner

9.6.1.  Business Overview

9.6.2.  Components Portfolio

9.6.3.  Strategic Developments

9.6.4.  Sales, Revenue and Market Share

9.7.       Microsoft Corporation

9.7.1.  Business Overview

9.7.2.  Components Portfolio

9.7.3.  Strategic Developments

9.7.4.  Sales, Revenue and Market Share

9.8.       Samsung Group

9.8.1.  Business Overview

9.8.2.  Components Portfolio

9.8.3.  Strategic Developments

9.8.4.  Sales, Revenue and Market Share

9.9.       Qualcomm Life Inc

9.9.1.  Business Overview

9.9.2.  Components Portfolio

9.9.3.  Strategic Developments

9.9.4.  Sales, Revenue and Market Share

9.10.    Philips

9.10.1.      Business Overview

9.10.2.      Components Portfolio

9.10.3.      Strategic Developments

9.10.4.      Sales, Revenue and Market Share

9.11.    Stanley Healthcare

9.11.1.      Business Overview

9.11.2.      Components Portfolio

9.11.3.      Strategic Developments

9.11.4.      Sales, Revenue and Market Share

10.   Global Smart Hospital Market Competition, by Manufacturer

10.1.    Global Smart Hospital Sales and Market Share by Manufacturer (2016-2017)

10.2.    Global Smart Hospital Revenue and Market Share by Manufacturer (2016-2017)

10.3.    Global Smart Hospital Price by Region (2016-2017)

10.4.    Top 5 Smart Hospital Manufacturer Market Share

10.5.    Market Competition Trend

11.   Smart Hospital Market Forecast (2018-2023)

11.1.    Global Smart Hospital Sales, Revenue (Millions USD) and Growth Rate (2018-2023)

11.2.    Smart Hospital Market Forecast by Regions (2018-2023)

11.2.1.      North America Smart Hospital Market Forecast (2018-2023)

11.2.1.1. United States Smart Hospital Market Forecast (2018-2023)

11.2.1.2. Canada Smart Hospital Market Forecast (2018-2023)

11.2.1.3. Mexico Smart Hospital Market Forecast (2018-2023)

11.2.2.      Europe Smart Hospital Market Forecast (2018-2023)

11.2.2.1. Germany Smart Hospital Market Forecast (2018-2023)

11.2.2.2. United Kingdom Smart Hospitals Market Forecast (2018-2023)

11.2.2.3. France Smart Hospital Market Forecast (2018-2023)

11.2.2.4. Russia Smart Hospital Market Forecast (2018-2023)

11.2.2.5. Italy Smart Hospital Market Forecast (2018-2023)

11.2.2.6. Rest of the Europe Smart Hospital Market Forecast (2018-2023)

11.2.3.      Asia-Pacific Smart Hospital Market Forecast (2018-2023)

11.2.3.1. China Smart Hospital Market Forecast (2018-2023)

11.2.3.2. Japan Smart Hospital Market Forecast (2018-2023)

11.2.3.3. Korea Smart Hospital Market Forecast (2018-2023)

11.2.3.4. India Smart Hospital Market Forecast (2018-2023)

11.2.3.5. Southeast Asia Smart Hospital Market Forecast (2018-2023)

11.2.3.6. Rest of Asia-Pacific Smart Hospital Market Forecast (2018-2023)

11.2.4.      South America Smart Hospital Market Forecast (2018-2023)

11.2.4.1. Brazil Smart Hospital Market Forecast (2018-2023)

11.2.4.2. Argentina Smart Hospital Market Forecast (2018-2023)

11.2.4.3. Columbia Smart Hospital Market Forecast (2018-2023)

11.2.4.4. Rest of South America Smart Hospital Market Forecast (2018-2023)

11.2.5.      Middle East and Africa Smart Hospital Market Forecast (2018-2023)

11.2.5.1. Saudi Arabia Smart Hospital Market Forecast (2018-2023)

11.2.5.2. UAE Smart Hospital Market Forecast (2018-2023)

11.2.5.3. Egypt Smart Hospital Market Forecast (2018-2023)

11.2.5.4. Nigeria Smart Hospital Market Forecast (2018-2023)

11.2.5.5. South Africa Smart Hospital Market Forecast (2018-2023)

11.2.5.6. Rest of MEA Smart Hospital Market Forecast (2018-2023)

11.3.    Smart Hospital Market Forecast by Components (2018-2023)

11.3.1.      Global Smart Hospital Sales Forecast by Components (2018-2023)

11.3.2.      Global Smart Hospital Sales Market Share Forecast by Components (2018-2023)

11.4.    Smart Hospital Market Forecast by Technology (2018-2023)

11.4.1.      Global Smart Hospital Sales Forecast by Technology (2018-2023)

11.4.2.      Global Smart Hospital Sales Market Share Forecast by Technology (2018-2023)

11.5.    Smart Hospital Market Forecast by Application (2018-2023)

11.5.1.      Global Smart Hospital Sales Forecast by Application (2018-2023)

11.5.2.      Global Smart Hospital 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 Smart Hospital 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

License Type

For Any Assistance

*
*
*
*
*