Global Arthroscopy Devices Market, By Product Type (Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Implants, Arthroscopy Radio Frequency Systems, Arthroscopy Visualization Systems), Therapeutic Application (Knee Implants, Shoulder Implants, Hip Implants), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
- Report code : CMI4412 |
- Industry :
Medical Devices
- Published On : Jun 2017 |
- Pages : 210 Pages |
- Format :
Arthroscopy Devices – Increasing Geriatric Population Provides a Sea of Opportunities
The examination of inside structures of the body is known as arthroscopy and the devices used for examination are known as arthroscopy devices. It is a minimally invasive procedure and is performed by using small probe through an incision. The primary application of arthroscopy is diagnosis of inner structure of the body. As the name suggests, surgical arthroscopy is the use of these devices during surgical procedures. Arthroscopy is widely used by orthopedic doctors to treat bone disorders and joint problems such as knee, shoulder and elbow related disorders.
Arthroscopy devices include mechanical instruments, motorized instruments, electrosurgical instruments and special instruments such as probes, punches, shavers, electrocautery, laser, ACL sets, meniscus repair sets respectively.
As the arthroscopy procedure is minimally invasive, it helps avoid post-surgery complications, infection during surgery and significantly reduces patient recovery time.
High cases of joint replacement surgery is leading the growth of arthroscopy devices market in North America
Increasing incidence of joint replacement in North America is providing opportunity for the growth of arthroscopy devices market. According to Canadian Institute for Health Information (CIHI), around 113,000 knee and hip surgeries are performed in Canada annually. According to the same source, during the period 2009 to 2015, knee replacement surgery and hip replacements surgery increased by 20.3% and 20% respectively. According to Centers for Disease Control and Prevention (CDC), in the U.S. during 2013-2015 nearly 54.4million adults were diagnosed with arthritis and it is expected to reach 78.4million by 2040. These instances will increase the sale of arthroscopy devices in the near future.
Moreover, incorporating different technologically features such as wireless camera heads and high-definition monitors will boost adoption of arthroscopy devices globally. Major players are offering customizable devices to doctors for enhancing its devices’ market presence. For instance, Olympus offers multi-specialty digital imaging platform to specialize each procedure along with maintained standards and enables healthcare professional to record, store and share high quality moving images.
Furthermore, enhanced design of arthroscopic device with steam sterilization and complex cameras offered by companies such as Smith & Nephew helps in increasing aoption of such devices.
The global arthroscopy devices market was valued at US$ 3,910.7 million in 2016 and is expected to witness a robust CAGR of 5.4% during the forecast period (2017 – 2025).
Figure 1. Global Arthroscopy Devices Market Size and Forecast, By Region, (US$ Million) and Y-o-Y Growth (%), 2016–2025
Revenue 2016
Source: Coherent Market Insights Analysis (2016)
Increase aging population is expected to be one of the primary factor for the growth of arthroscopy devices market
According to the data of Ministry of Statistics and Programme Implementation, in 2016, 103 million people in India were over 60 years of age. Also, as per data published by Organization for Economic Co-operation and Development (OECD), the geriatric population accounted for 17.26% and 14.50% of the overall population in the U.K. and U.S., respectively in 2014 and the number is expected to steadily increase.
As the rate of knee replacement and hip replacement surgical procedures is high among the geriatric population, it is expected that the aging population will be the major factor for the growth of arthroscopy devices market in the near future.
Increase in arthroscopic surgeries is expected to fuel the growth in arthroscopy devices market
Continuous rise in aging population is the major factor leading to rise in arthroscopic surgery procedures around the globe. As per the stats published by Australian Commission on Safety and Quality in Health Care, in 2012-13, 33,682 patients aged over 55 years were admitted in hospitals for knee arthroscopy.
Furthermore, according to the United Nations Department of Economic and Social Affairs (U.N. DESA), in 2015, 1 in 8 people were aged over 60 years, which is expected to increase to 1 in 6 people by 2030. It is expected that this high increase in aging population will support the growth in number of arthroscopic procedures worldwide.
The technological advancements in arthroscopic devices such as high definition camera, LCD touch panel interface, deflectable tip and flexible endo-eye video scopes are also the factors supporting to increase the adoption of arthroscopy devices in healthcare facilities around the globe.
Arthroscopy is a minimally invasive surgical procedure performed by surgeons to visualize, diagnose and treat the joint related disease. The surgeon makes a small incision through which they insert the probe contain a small lens and lightening system to visualize the inside structure. The arthroscopic surgery is performed to treat the acute or chronic injury related to knee, shoulder, hip and wrist by avoiding post-surgery complications, infection and appears minimum scars at surgery site.
There are various applications of arthroscopy devices in knee, shoulder and hip implantation and among these knee implantation contributes the major market share followed by shoulder implantation supported by the increase in cases of knee and shoulder replacement surgery procedures worldwide due to increase in number of obese and aging population.
Among product types, the arthroscopy implants segment accounts for major market share and is expected to retain its dominance throughout the forecast period. This is mainly attributed to increasing number of knee, shoulder and hip implantation surgeries worldwide.
Market Dynamics
Rapid advancements in technology has led to increasing adoption of arthroscopy devices, in turn creating a highly conducive environment for growth of the market. It is expected that North America and Asia-Pacific region will show high growth rate during the forecast period, mainly due to increasing geriatric population and growing number of injuries necessitating knee and shoulder surgery.
The surgery is especially preferred by sportspersons, due to its low recovery time and minimally-invasive nature. Also, the growth is supported by increased rate of knee surgery. The leading cause behind increased rate of joint pain is overweight and aging population.
Market Taxonomy
This report segments the global arthroscopy devices market on the basis of product type, application, and geography. On the basis of product type, the market is categorized into arthroscopes, arthroscopy shavers, arthrosopy fluid management system, arthroscopy implants, arthroscopy radio frequency systems and arthroscopy visualization systems. On the basis of therapeutic application, the market is divided into knee implants, shoulder implants, hip implants and others. Among all therapeutic application, knee implants segment dominated the arthroscopy devices market, due to increase in knee implant surgery procedure rate around the globe.
Key features of the study:
- This report provides in-depth analysis of the arthroscopy devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2025, considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global arthroscopy devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
- Key companies covered as a part of this study include Smith & Nephew, Olympus Inc., Karl Storz, Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o. and DePuy Synthes Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics
- The global arthroscopy devices market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for arthroscopy devices, research and consulting firms, new entrants, and financial analysts
- Various strategy matrices used in analyzing the arthroscopy devices market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
- Global Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Global Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Global Arthroscopy Devices Market, By Geography:
- North America
- U.S.
- U.S. Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- U.S. Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Canada
- Canada Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Canada Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Europe
- U.K.
- U.K. Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- U.K. Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Germany
- Germany Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Germany Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Italy
- Italy Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Italy Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- France
- France Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- France Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Spain
- Spain Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Spain Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Russia
- Russia Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Russia Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Rest of Europe
- Rest of Europe Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Rest of Europe Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Asia-Pacific
- China
- China Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- China Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- India
- India Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- India Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Japan
- Japan Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Japan Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- ASEAN
- ASEAN Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- ASEAN Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Australia
- Australia Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Australia Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- South Korea
- South Korea Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- South Korea Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Rest of Asia Pacific (APAC)
- Rest of Asia Pacific (APAC) Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Rest of Asia Pacific (APAC) Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Latin America
- Brazil
- Brazil Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Brazil Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Mexico
- Mexico Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Mexico Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Rest of Latin America
- Rest of Latin America Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Rest of Latin America Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Middle East
- GCC
- GCC Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- GCC Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Israel
- Israel Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Israel Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Rest of Middle East
- Rest of Middle East Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Rest of Middle East Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Africa
- North Africa
- North Africa Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- North Africa Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Central Africa
- Central Africa Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- Central Africa Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- South Africa
- South Africa Arthroscopy Devices Market, By Product Type:
- Arthroscopes
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Implants
- Arthroscopy Radio Frequency Systems
- Arthroscopy Visualization Systems
- South Africa Arthroscopy Devices Market, By Therapeutic Application:
- Knee Implants
- Shoulder Implants
- Hip Implants
- Others
- Company Profiles
- Karl Storz *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Smith & Nephew
- Olympus Inc
- Stryker Corporation
- CONMED Corporation
- DePuy Synthes Inc
- Vimex Sp. z o.o.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Different Segments
- Coherent Attractive Investment Proposition and Total Addressable Market
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers, Restraints and Opportunities
- Regulatory Scenario
- Market Trends
- PEST Analysis
- Global Arthroscopy Devices Market, By Product Type, 2016 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-O-Y Growth Analysis, 2016 - 2025
- Segment Trends
- Arthroscopes
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Arthroscopy Shavers
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Arthroscopy Fluid Management System
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Arthroscopy Implants
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Arthroscopy Radio Frequency Systems
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Arthroscopy Visualization Systems
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Global Arthroscopy Devices Market, By Therapeutic Application, 2016 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-O-Y Growth Analysis, 2016 - 2025
- Segment Trends
- Knee Implant
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Shoulder Implant
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Hip Implant
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
- Global Arthroscopy Devices Market, By Geography, 2016 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, By Geography, 2017 and 2025 (%)
- Y-O-Y Growth Analysis, 2016 – 2025
- Regional Trends
- North America
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- U.S.
- Canada
- Europe
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- Brazil
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Country Trends
- Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
- North Africa
- Central Africa
- South Africa
- Competitive Landscape
- Company Profiles
- Smith & Nephew
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- Olympus Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- Karl Storz
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- Stryker Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- CONMED Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- DePuy Synthes Inc
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- Vimex Sp. z o.o.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Investment Raised
- Marketing and Promotional Activities
- Strategic Presence
- Analyst Views
- Section
- Research Methodology
- About us and Services
*Browse 90 market data tables and 40 figures on "Arthroscopy Devices Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
Related Insights :
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.