Global Elderly and Disabled Assistive Devices Market, By End User (Hospital, Home Care Settings), By Device Type (Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision and Reading Aids), and By Geography - Trends and Forecast 2014 - 2024

Elderly and Disabled Assistive Devices – Evolving from Luxury to Necessity

Assistive devices and technologies minimize individual’s dependence on others and helps improve quality of life. Devices such as wheelchairs, visual aids, hearings aids, and specialized computer software and hardware system aids in enhancing hearing, vision, mobility, or communication of the elderly and disabled people. According to an article published in the Assistive Technology Blog (ATB) in September 2016, there are approximately 7.7 million new cases of dementia reported each year. The number of people suffering from dementia is expected to increase to 135.5 million by 2050. Devices such as clocks and reminders, fall detectors, activity monitors, intercom, and computer aids assist patients suffering from dementia.

The global elderly and disabled assistive devices market was valued at US$ 14,109.1 million in 2015 and is expected to expand at a CAGR of 7.4% during the forecast period (2016 – 2024).

Figure 1. Global Elderly and Disabled Assistive Devices Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014–2024

Elderly and Disabled Assist Devices Market 

Source: Coherent Market Insights Analysis (2017)

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Increasing aging population supporting growth of the elderly and disabled assistive devices market

Geriatric population people aged 65 years and above, is expected to  increase from 8.5% of the global population in 2015 to 12% in 2030, as per the report ‘An Aging World: 2015’ by the U.S. Census Bureau. Asia and Latin America are the primary regions which are expected to experience rapidly aging population. The elderly and disabled assistive devices market is analyzed to have large market potential especially in Asia and Latin America.

Initiatives of government and independent agencies favorably shaping the elderly and disabled assistive devices market scenario

Only 5%–15% of the population in low and middle-income countries, who are in need of elderly and disabled assistive devices, have access to them, as per stats released by the World Health Organization (WHO). Therefore, WHO along with its collaborating centers is working towards improving accessibility of elderly and disabled assistive devices to better cater to the patient population. Few of this initiatives include:

  • Organizing regional and country workshops, meetings, and seminars
  • Creating a database on availability of appropriate assistive devices and technologies
  • Developing normative guidelines
  • Providing assistance for development of national policies and programs on assistive devices and technologies with a focus on human resource development

Furthermore, on the basis of discussion in the 66th World Health Assembly, held in 2013, WHO prepared a comprehensive global disability action plan for 2014 – 2021. Under this plan, WHO intends to improve access to health services and programs, extend rehabilitation, habilitation, assistive technology, assistance and support services, and support research on disability and related services. Such global initiatives are indirectly promoting adoption of assistive devices and are encouraging manufacturers to develop innovative elderly and disabled assistive devices.

Regional players are intensifying the competition in the global elderly and disabled assistive devices market

The global elderly and disabled assistive devices market is extensively competitive attributed mainly to the entry of regional players offering low-cost products. This is influencing leading players such as Sonova Holding AG to increase their global presence through organic and inorganic strategies. Sonova Holding AG acquired AudioNova in September 2016, a Netherlands-based hearing aid manufacturer. This acquisition helped Sonova to strengthen its presence in Europe, by doubling the existing number of retails stores. Sonova Holding AG is implementing a vertically integrated business model by offering customized solutions to individual customers by expanding the number of retail stores. Similarly, other market leaders are anticipated to cement their distribution channels to capitalize on the global elderly and disabled assistive devices market potential.

Elderly and disabled population are dependent, to a great extent, on other people or devices that support them in their day-to-day activities such as locomotion, proper vision and hearing, and more importantly safety while performing these activities. Assistive devices provide greater independence to elderly and disabled population in performing their tasks, which can otherwise be a tedious task. Assistive devices such as ambulatory aids, hearing aids, braille translators, and text-to-speech readers enhances accessibility and convenience for disabled people.

Market Dynamics

Aging upturns the dependency on others or assistive devices, for daily activities and living quality life. According to a report published in March 2016 by the U.S. Census Bureau, the share of world population aged 65 years and above is projected to increase from 8.5% in 2015 to 12% by 2030 and further increase to 16.7% by 2050. The report also states that the population in Asia and Latin America are rapidly aging. Japan is touted to be the oldest major country worldwide, with 26.6% of its population being aged 65 years and above in 2015. Therefore, demand for elderly assist devices such as hearing aids, reading aids and locomotive equipment (wheelchair, cranes and crutches) is projected to be high in Asia and Latin America during the forecast period (2016–2024).

However, the elderly and disabled assistive devices market, is witnessing intense competition especially from regional players as they offer products at a much cheaper rate. In order to overcome this challenge, market players are projected to focus on strengthening their distribution network and promote sales through strategic collaboration with distributors, hospitals, retailers and direct-to-consumers.

Market Taxonomy

This report segments the global elderly and disabled assistive devices market on the basis of end user, device type and geography. The elderly and disabled assistive devices market is classified on the basis of end-use into hospitals, home care settings, and others. On the basis of device type, the market is segmented into medical mobility aids and ambulatory devices, medical furniture and bathroom safety products, hearing aids, and vision and reading aids. For comprehensive understanding of market dynamics, the is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

  • This report provides in-depth analysis of the elderly and disabled assistive devices and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 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 elderly and disabled assistive 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 Sunrise Medical LLC, GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, William Demant Holding A/S, Drive Medical Design and Manufacturing, Ai Squared, Wintriss Engineering Corporation, and Invacare Corporation
  • Insights from this report will allow marketers and the management authorities of companies to make informed decision with respect to their future product launch, technology upgrades, market expansion, and marketing tactics
  • The global elderly and disabled assistive devices market report caters to various stakeholders in this industry, including investors, device manufacturers, distributors and suppliers for elderly and disabled assistive devices, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the elderly and disabled assistive devices market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Elderly and Disabled Assistive Devices Market, By End User:
    • Hospital
    • Home Care Settings
    • Others
  • Global Elderly and Disabled Assistive Devices Market, By Device Type:
    • Medical Mobility Aids and Ambulatory Devices
    • Medical Furniture and Bathroom Safety Products
    • Hearing Aids
    • Vision and Reading Aids
  • Global Elderly and Disabled Assistive Devices Market, By Geography:
    • U.S.
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Canada
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • U.K.
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Germany
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Italy
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • France
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Russia
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Rest of Europe
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • China
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • India
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Japan
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • ASEAN
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Australia
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • South Korea
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Rest of Asia Pacific
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Brazil
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Mexico
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Rest of Latin America
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • GCC
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Israel
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Rest of Middle east
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • By End Use:
      • By Device Type:
    • North Africa
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • Central Africa
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • South Africa
      • Hospital
      • Home Care Settings
      • Others
      • Medical Mobility Aids and Ambulatory Devices
      • Medical Furniture and Bathroom Safety Products
      • Hearing Aids
      • Vision and Reading Aids
      • By End Use:
      • By Device Type:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East
    • Vision and Reading Aids Africa
  • Company Profiles
    • Sunrise Medical LLC*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • GN ReSound Group
    • Sonova Holding AG
    • Starkey Hearing Technologies
    • William Demant Holding A/S
    • Drive Medical Design and Manufacturing
    • Ai Squared
    • Wintriss Engineering Corporation
    • Invacare Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Device Type
      • Market Snippet By End-Use
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Elderly and Disabled Assistive Devices Market, By Device Type, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Medical Mobility Aids and Ambulatory Devices
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
    • Medical Furniture and Bathroom Safety Products
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
    • Hearing Aids
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
    • Vision and Reading Aids
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
  5. Global Elderly and Disabled Assistive Devices Market, By End User, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Hospital
      • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD Million)
  6. Global Elderly and Disabled Assistive Devices Market, By Regions, 2014 - 2024 (USD Million & ‘Thousand Units)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Device Type, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-Use, 2014 - 2024 (USD Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Sunrise Medical LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GN ReSound Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sonova Holding AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Starkey Hearing Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • William Demant Holding A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Drive Medical Design and Manufacturing
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ai Squared
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wintriss Engineering Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Invacare Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Future Plans Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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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.


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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.

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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

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