Sodium Cyanide Market By Form (Liquid sodium cyanide and Solid sodium cyanide), Application (Pharmaceutical Industry, Mining, Dyes & Pigments, Chemical Industry, Applications) - Global Industry Analysis and Forecast to 2023

Published On : August 2018 Pages : 174 Category: Advanced Materials Report Code : CM081146

Industry Outlook and Trend Analysis

The Sodium Cyanide Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Sodium Cyanide is useful as a reagent in the mining sector for mineral extraction, essentially silver and gold. It is often used as a flotation reagent in the mining business. The gold and silver processing represents about 66% of sodium cyanide application. In a few countries, where there is a lack of hydrogen cyanide, sodium cyanide can be utilized as an intermediate as it is easy to transport and store. Aside from its applications in the mining business, sodium cyanide is useful as an intermediate in the production of jewellery, computer electronics, vitamins, cosmetics, adhesives, nail polish remover, airplane brakes, nylon, pharmaceuticals, dyes, paints, Plexiglas, table salt, rocket fuel and fire retardants.

Drivers and Restraints

There has been an expansion in the interest for flotation reagents, for example, sodium cyanide, because of the diminishing quality of gold and silver minerals. Sodium cyanide is broadly utilized as a part of the extraction of gold as it is economic. Further, there have been constant vacillations in gold costs in the course of recent years. Thus, makers are concentrating on the extraction of gold from more profound mines that have been slowing down. Thus, there has been a surge in the interest for sodium cyanide. There has likewise been an ascent in local and remote interests in districts, for example, Latin America, which is driving the interest for reagents, for example, sodium cyanide for gold and silver extraction. There are various rules relating to the usage of sodium cyanide. Organizations, for example, International Cyanide Management Code has characterized a specific utmost on the usage of sodium cyanide.

Market Segmentation

The Sodium Cyanide Market is segmented on the basis of form and application. Based on form the market is segmented into Liquid sodium cyanide and Solid sodium cyanide. Based on application the market is segmented into Chemical industry, Dyes and pigments, Mining, Pharmaceutical industry and others. In 2016, the mining fragment represented the significant shares of the sodium cyanide market. The expanding usage of sodium cyanide for the extraction and mining procedure of gold and silver will be a main aspect to the development of this industry section in the coming years.

Regional Outlook and Trend Analysis

The worldwide sodium cyanide market is ruled by Asia Pacific. The greater part the interest for sodium cyanide comes from this area. Alongside China, Australia has an impressive number of sodium cyanide producers and the area has indicated development in the mining reagents market. Latin America holds a major share in the worldwide sodium cyanide market. Countries, for example, Peru, Columbia, and Chile have displayed an expansion in the interest for mining reagents. There are very few makers for sodium cyanide in Europe; nonetheless, in the coming years, the locale is anticipated to witness development when compared with the present number.

Competitive Insights

The leading players in the market are Union Group Chemical Company S.L, Cyanco, Azoti, Australian Gold Reagents Pty Ltd, Orica, Coogee Chemicals, CyPlus GmbH and American Elements. 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 Sodium Cyanide Market is segmented as follows-

By Form:

  • Liquid sodium cyanide
  • Solid sodium cyanide

By Application:

  • Chemical industry
  • Dyes and pigments
  • Mining
  • Pharmaceutical industry
  • Others

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

·         Sodium Cyanide Market, By Form, Estimates and Forecast, 2014-2023 ($Million)

·         Liquid sodium cyanide

·         Solid sodium cyanide

·         Sodium Cyanide Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Pharmaceutical industry

·         Mining

·         Dyes and pigments

·         Chemical industry

·         Other Applications

·         Sodium Cyanide Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Sodium Cyanide Market, By Country

o    U.S. Sodium Cyanide Market

o    Canada Sodium Cyanide Market

o    Mexico Sodium Cyanide Market

·         Europe

§  Europe Sodium Cyanide Market, By Country

o    Germany Sodium Cyanide Market

o    UK Sodium Cyanide Market

o    France Sodium Cyanide Market

o    Russia Sodium Cyanide Market

o    Italy Sodium Cyanide Market

o    Rest of Europe Sodium Cyanide Market

·         Asia-Pacific

§  Asia-Pacific Sodium Cyanide Market, By Country

o    China Sodium Cyanide Market

o    Japan Sodium Cyanide Market

o    South Korea Sodium Cyanide Market

o    India Sodium Cyanide Market

o    Southeast Asia Sodium Cyanide Market

o    Rest of Asia-Pacific Sodium Cyanide Market

·         South America

§  South America Sodium Cyanide Market

o    Brazil Sodium Cyanide Market

o    Argentina Sodium Cyanide Market

o    Columbia Sodium Cyanide Market

o    Rest of South America Sodium Cyanide Market

·         Middle East and Africa

§  Middle East and Africa Sodium Cyanide Market

o    Saudi Arabia Sodium Cyanide Market

o    UAE Sodium Cyanide Market

o    Egypt Sodium Cyanide Market

o    Nigeria Sodium Cyanide Market

o    South Africa Sodium Cyanide Market

o    Rest of MEA Sodium Cyanide 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.       Sodium Cyanide Market, By Form

5.1.       Introduction

5.2.       Global Sodium Cyanide Sales, Revenue and Market Share by Form (2014-2018)

5.2.1.  Global Sodium Cyanide Sales and Sales Share by Form (2014-2018)

5.2.2.  Global Sodium Cyanide Revenue and Revenue Share by Form (2014-2018)

5.3.       Liquid sodium cyanide

5.3.1.  Global Liquid sodium cyanide Sales and Growth Rate (2014-2018)

5.4.       Solid sodium cyanide

5.4.1.  Global Sodium Cyanide Hydrochloride Sales and Growth Rate (2014-2018)

6.       Sodium Cyanide Market, By Application

6.1.       Introduction

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

6.2.1.  Global Sodium Cyanide Sales and Sales Share by Application (2014-2018)

6.2.2.  Global Sodium Cyanide Revenue and Revenue Share by Application (2014-2018)

6.3.       Pharmaceutical industry

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

6.4.       Mining

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

6.5.       Dyes and pigments

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

6.6.       Chemical industry

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

6.7.       Other Applications

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

7.       Sodium Cyanide Market, By Region

7.1.       Introduction

7.2.       Global Sodium Cyanide Sales, Revenue and Market Share by Regions

7.2.1.  Global Sodium Cyanide Sales by Regions (2014-2018)

7.2.2.  Global Sodium Cyanide Revenue by Regions (2014-2018)

7.3.       North America Sodium Cyanide by Countries

7.3.1.  North America Sodium Cyanide Sales and Growth Rate (2014-2018)

7.3.2.  North America Sodium Cyanide Revenue and Growth Rate (2014-2018)

7.3.3.  North America Sodium Cyanide Sales by Countries (2014-2018)

7.3.4.  North America Sodium Cyanide Revenue (Million USD) by Countries (2014-2018)

7.3.5.  U.S.

7.3.5.1.    United States Sodium Cyanide Sales and Growth Rate (2014-2018)

7.3.5.2.    United States Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.6.  Canada

7.3.6.1.    Canada Sodium Cyanide Sales and Growth Rate (2014-2018)

7.3.6.2.    Canada Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.3.7.  Mexico

7.3.7.1.    Mexico Sodium Cyanide Sales and Growth Rate (2014-2018)

7.3.7.2.    Mexico Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.       Europe Sodium Cyanide by Countries

7.4.1.  Europe Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.2.  Europe Sodium Cyanide Revenue and Growth Rate (2014-2018)

7.4.3.  Europe Sodium Cyanide Sales by Countries (2014-2018)

7.4.4.  Europe Sodium Cyanide Revenue (Million USD) by Countries (2014-2018)

7.4.5.  Germany

7.4.5.1.    Germany Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.5.2.    Germany Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.6.  UK

7.4.6.1.    UK Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.6.2.    UK Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.7.  France

7.4.7.1.    France Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.7.2.    France Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.8.  Russia

7.4.8.1.    Russia Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.8.2.    Russia Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.9.  Italy

7.4.9.1.    Italy Sodium Cyanide Sales and Growth Rate (2014-2018)

7.4.9.2.    Italy Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Sodium Cyanide Sales and Growth Rate (2014-2018)

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

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.2.  Asia-Pacific Sodium Cyanide Revenue and Growth Rate (2014-2018)

7.5.3.  Asia-Pacific Sodium Cyanide Sales by Countries (2014-2018)

7.5.4.  Asia-Pacific Sodium Cyanide Revenue (Million USD) by Countries (2014-2018)

7.5.5.  China

7.5.5.1.    China Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.5.2.    China Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.6.  Japan

7.5.6.1.    Japan Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.6.2.    Japan Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.7.2.    Korea Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.8.  India

7.5.8.1.    India Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.8.2.    India Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Sodium Cyanide Sales and Growth Rate (2014-2018)

7.5.9.2.    Southeast Asia Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Sodium Cyanide Sales and Growth Rate (2014-2018)

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

7.6.       South America

7.6.1.  South America Sodium Cyanide Sales and Growth Rate (2014-2018)

7.6.2.  South America Sodium Cyanide Revenue and Growth Rate (2014-2018)

7.6.3.  South America Sodium Cyanide Sales by Countries (2014-2018)

7.6.4.  South America Sodium Cyanide Revenue (Million USD) by Countries (2014-2018)

7.6.5.  Brazil

7.6.5.1.    Brazil Sodium Cyanide Sales and Growth Rate (2014-2018)

7.6.5.2.    Brazil Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.6.  Argentina

7.6.6.1.    Argentina Sodium Cyanide Sales and Growth Rate (2014-2018)

7.6.6.2.    Argentina Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.7.  Columbia

7.6.7.1.    Columbia Sodium Cyanide Sales and Growth Rate (2014-2018)

7.6.7.2.    Columbia Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Sodium Cyanide Sales and Growth Rate (2014-2018)

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

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Sodium Cyanide Sales and Growth Rate (2014-2018)

7.7.2.  Middle East and Africa Sodium Cyanide Revenue and Growth Rate (2014-2018)

7.7.3.  Middle East and Africa Sodium Cyanide Sales by Countries (2014-2018)

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

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Sodium Cyanide Sales and Growth Rate (2014-2018)

7.7.5.2.    Saudi Arabia Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Sodium Cyanide Sales and Growth Rate (2014-2018)

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

7.7.7.  Egypt

7.7.7.1.    Egypt Sodium Cyanide Sales and Growth Rate (2014-2018)

7.7.7.2.    Egypt Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Sodium Cyanide Sales and Growth Rate (2014-2018)

7.7.8.2.    Nigeria Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.9.  South Africa

7.7.9.1.    South Africa Sodium Cyanide Sales and Growth Rate (2014-2018)

7.7.9.2.    South Africa Sodium Cyanide Revenue (Millions USD) and Growth Rate (2014-2018)

7.7.10.      Rest of Middle East and Africa

7.7.10.1. Rest of Middle East and Africa Sodium Cyanide Sales and Growth Rate (2014-2018)

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

8.       Company Profiles

8.1.       Coogee Chemicals

8.1.1.  Business Overview

8.1.2.  Form Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Orica Limited

8.2.1.  Business Overview

8.2.2.  Form Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       Cyplus GmbH (Evonik Subsidiary)

8.3.1.  Business Overview

8.3.2.  Form Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       Cyanco

8.4.1.  Business Overview

8.4.2.  Form Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Azoti

8.5.1.  Business Overview

8.5.2.  Form Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       American Elements

8.6.1.  Business Overview

8.6.2.  Form Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.       Australian Gold Reagents Pty Ltd

8.7.1.  Business Overview

8.7.2.  Form Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       Union Group Chemical Company S.l

8.8.1.  Business Overview

8.8.2.  Form Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

9.       Global Sodium Cyanide Market Competition, by Manufacturer

9.1.       Global Sodium Cyanide Sales and Market Share by Manufacturer (2016-2017)

9.2.       Global Sodium Cyanide Revenue and Market Share by Manufacturer (2016-2017)

9.3.       Global Sodium Cyanide Price by Region (2016-2017)

9.4.       Top 5 Sodium Cyanide Manufacturer Market Share

9.5.       Market Competition Trend

10.   Sodium Cyanide Market Forecast (2018-2023)

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

10.2.    Sodium Cyanide Market Forecast by Regions (2018-2023)

10.2.1.      North America Sodium Cyanide Market Forecast (2018-2023)

10.2.1.1. United States Sodium Cyanide Market Forecast (2018-2023)

10.2.1.2. Canada Sodium Cyanide Market Forecast (2018-2023)

10.2.1.3. Mexico Sodium Cyanide Market Forecast (2018-2023)

10.2.2.      Europe Sodium Cyanide Market Forecast (2018-2023)

10.2.2.1. Germany Sodium Cyanide Market Forecast (2018-2023)

10.2.2.2. United Kingdom Sodium Cyanide Market Forecast (2018-2023)

10.2.2.3. France Sodium Cyanide Market Forecast (2018-2023)

10.2.2.4. Russia Sodium Cyanide Market Forecast (2018-2023)

10.2.2.5. Italy Sodium Cyanide Market Forecast (2018-2023)

10.2.2.6. Rest of the Europe Sodium Cyanide Market Forecast (2018-2023)

10.2.3.      Asia-Pacific Sodium Cyanide Market Forecast (2018-2023)

10.2.3.1. China Sodium Cyanide Market Forecast (2018-2023)

10.2.3.2. Japan Sodium Cyanide Market Forecast (2018-2023)

10.2.3.3. Korea Sodium Cyanide Market Forecast (2018-2023)

10.2.3.4. India Sodium Cyanide Market Forecast (2018-2023)

10.2.3.5. Southeast Asia Sodium Cyanide Market Forecast (2018-2023)

10.2.3.6. Rest of Asia-Pacific Sodium Cyanide Market Forecast (2018-2023)

10.2.4.      South America Sodium Cyanide Market Forecast (2018-2023)

10.2.4.1. Brazil Sodium Cyanide Market Forecast (2018-2023)

10.2.4.2. Argentina Sodium Cyanide Market Forecast (2018-2023)

10.2.4.3. Columbia Sodium Cyanide Market Forecast (2018-2023)

10.2.4.4. Rest of South America Sodium Cyanide Market Forecast (2018-2023)

10.2.5.      Middle East and Africa Sodium Cyanide Market Forecast (2018-2023)

10.2.5.1. Saudi Arabia Sodium Cyanide Market Forecast (2018-2023)

10.2.5.2. UAE Sodium Cyanide Market Forecast (2018-2023)

10.2.5.3. Egypt Sodium Cyanide Market Forecast (2018-2023)

10.2.5.4. Nigeria Sodium Cyanide Market Forecast (2018-2023)

10.2.5.5. South Africa Sodium Cyanide Market Forecast (2018-2023)

10.2.5.6. Rest of MEA Sodium Cyanide Market Forecast (2018-2023)

10.3.    Sodium Cyanide Market Forecast by Form (2018-2023)

10.3.1.      Global Sodium Cyanide Sales Forecast by Form (2018-2023)

10.3.2.      Global Sodium Cyanide Sales Market Share Forecast by Form (2018-2023)

10.4.    Sodium Cyanide Market Forecast by Application (2018-2023)

10.4.1.      Global Sodium Cyanide Sales Forecast by Application (2018-2023)

10.4.2.      Global Sodium Cyanide 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 Sodium Cyanide 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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