Endoscopes Market, by Product Type (Endoscopes, Visualization System, Endo Therapy Devices and Others), by Endoscope Type (Rigid, Flexible and Capsule) by Applications (Gastroenterology ,Arthroscopy, General Surgery, Pulmonology, Urology, Gynecology and Others), by End User (Hospitals, Clinics and Others), and by Region - Global Forecast to 2026

  • Published On : Jun 2018 |
  • Pages : 200 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Market Insights-Endoscopes Market

Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs. Endoscopy is minimal invasive procedure in which endoscope is placed inside body either through body openings (mouth, anus etc.) or by making small incisions on the body. Endoscope is equipped with camera allows visualization of internal organs over the video monitor with the help of visualization system. Along with diagnostic purpose, endoscopy also allows sample removal from affected organs (in case of cancer). It is majorly used in surgical procedure as means for minimally invasive surgeries. Endoscopy systems consist of endoscope, visualization system, endo therapy devices, and other devices. Endoscopes has different types based on its applications such as GI endoscopy (for GI tract based applications), arthroscopy (for joints), cystoscopy, hysteroscopy and ureteroscopy (for urology applications), laparoscopy (for various surgeries in pelvic and abdomen area), bronchoscopy (for lungs) laryngoscopy (larynx), and other types that covers various parts. Visualization system consist of the cameras, video processors and convertor, light source, and monitors. Endo therapy devices consist of the endoscopic retrograde cholangiopancreatography devices (ERCP), endoscopic mucosal resection and dissection devices, and ultrasound endoscopes.

The global endoscopes market was valued at US$ 29,151 million in 2017, and is expected to witness a CAGR of 6.6% over the forecast period (2018 – 2026).

Figure 1. Global Endoscope Market Value (US$ Mn), by Region, 2017

endoscope market

Source: Coherent Market Insights (2018)

Increasing incidences of gastrointestinal and other diseases worldwide to drive growth of the endoscopes market

Endoscope are routinely used to diagnose and treat gastrointestinal diseases such as ulcerative colitis, Crohn’s disease, pancreatic, chronic constipation, and other GI tract associated disease. Increasing prevalence of these diseases worldwide are propelling demands for sophisticated endoscope. According to a study published in the Lancet, in October 2017, around 319 (U.S.) and around 322 (Europe) cases of Crohn’s disease per 100,000 people were reported in the mentioned region. According to the journal of Gastroenterology’s on Inflammatory Bowel Disease (IBD) in 2017, around 1.6 million patient in the U.S were suffering from of IBD. Moreover, emerging economies such as China and India are witnessing high prevalence of these disease. For instance, China has high incidence of Inflammatory Bowel Disease with 344 patients per 100,000 population, according to epidemiological study published in 2013, in the Gastroenterology Journal. Increasing prevalence of different type of cancers worldwide are expected to propel growth of the endoscopes market. Gastrointestinal cancer majorly affects stomach and small intestine and it can be effectively treated using endoscope. Increasing prevalence of this cancer is expected to drive growth of the endoscope market. According estimation of American Cancer Society, around 26,240 cases of stomach cancer are estimated to be diagnosed in the U.S. in 2018. This number is even higher for lung and bronchus cancer (234,030 new cases in 2018) and colorectal cancer (140,250)

Advancement in endoscopy systems are expected to drive growth of the endoscopes market during forecast period

In recent past, endoscopy procedures witnessed major advances in terms of quality of visualization and ease of conducting procedures, and customization for endoscope with added features. Capsule endoscopy is recent advancement in endoscope devices. Instead of using flexible or rigid endoscope, capsule shape endoscope having tiny camera are swallowed by patients. It transmits live images of internal organs, which are visualized over large monitor. It is especially useful in case of chronic disease such as cancer and IBD to visualize micro area of internal organs. Medtronic plc in 2016, received expanded indication for its Pill Cam COLON 2 capsule endoscope from U.S. Food and Drug Administration (FDA). It is the only non-invasive diagnostic test that directly visualizes the colon for the evaluation of polyps in patients who are at major risks for colonoscopy or moderate sedation. Olympus in June 2017, launched ENDOEYE 3D video endoscope that allows faster and precise endoscopic surgery by using 3D imaging system to facilitate depth perception.

Key players operating in the endoscope market include Medtronic plc, Olympus Corporation, Hoya Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, DePuy Synthes, Boston Scientific Corporation, Smith and Nephew, and Cook Medical, Inc.

Endoscope is a kind of telescope used by operator (Physician) in order to observe the insights of body cavities. Endoscopes consist of flexible tubes such as light tube and image receiver tube, which transmits the interior view on display system. Endoscopes are increasingly used to perform small surgeries and other minor medical procedures (Biopsies). Small laser is also used with endoscopes either to kill tissue or to perform incision. Innovative type of endoscopes combining different devices such as ultrasound are used to better diagnose and treat various GI tract associated disease.

Market Dynamics

Major factor driving growth of the endoscopes market is increasing number of geriatric population worldwide. Aging population is more prone to chronic disease such as colon cancer, bladder cancer and stomach cancer. Currently Europe has maximum number of people above age 60 ranging 25% of entire population. According to the American Cancer Society’s statistics in 2017, more than 140,250 new cases of colorectal cancer are detected in the U.S. annually. Most of this cases are observed in older people. Moreover geriatric population is vulnerable to orthopedic disease (Osteoarthritis and Osteoporosis) which is diagnosed and treated with help of arthroscopy devices. Artrhroscope allows visualization of bones. According to the World Health Organization (WHO), 2013, around 28.2% of the global population above 60 years of age, suffered from osteoarthritis with an estimated 80% recorded with mobility handicaps. Europe region is expected to witness significant traction in market, owing to highest number of old age population. According to the report published by the State of Muscoskeletal Health 2017, 8.75 million people aged 45 and over in the UK have undergone treatment for osteoarthritis that includes use of arthroscopes.

Key features of the study:

  • This report provides in-depth analysis of endoscopes market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new Fixator launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global endoscopes market based on the following parameters – company overview, financial performance, Fixator portfolio, market presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Medtronic plc, Olympus Corporation, Hoya Corporation, Fujifilm Holdings Corporation, CONMED Corporation, Stryker Corporation, DePuy Synthes, Boston Scientific Corporation, Smith and Nephew and Cook Medical, Inc
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future fixator launch, technology up-gradation, market expansion, and marketing tactics
  • The global Endoscopes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the endoscopes market

Detailed Segmentation:

  • Global Endoscopes Market , By Product Type:
    • Endoscopes
      • Arthroscopes
      • Gastroscopes
      • Colonoscopes
      • Enteroscopes
      • Laparocopes
      • Bronchoscopes
      • Cystoscopes
      • Ultrasound Endoscopes
      • Others
    • Visualization System
    • Endoscope Therapy Devices
    • Others
  • Global Endoscopes Market, By Endoscope Type :
    • Rigid Endoscopes
    • Flexible Endoscopes
    • Capsule Endoscopes
  • Global Endoscopes Market , By Application :
    • Gastroenterology
    • Arthroscopy
    • General Surgery
    • Pulmonology
    • Urology
    • Gynecology
    • Others
  • Global Endoscopes Market , By End User:
    • Hospitals
    • Clinics
    • Others
  • Global Endoscopes Market , By Region:
    • North America
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Products
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Products
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Products
        • Endoscopes
          • Arthroscopes
          • Gastroscopes
          • Colonoscopes
          • Enteroscopes
          • Laparocopes
          • Bronchoscopes
          • Cystoscopes
          • Ultrasound Endoscopes
          • Others
        • Visualization System
        • Endoscope therapy Devices
        • Others
      • By Endoscope Type
          • Rigid Endoscopes
          • Flexible Endoscopes
          • Capsule Endoscopes
      • By Application
        • Gastroenterology
        • Arthroscopy
        • General Surgery
        • Pulmonology
        • Urology
        • Gynecology
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Conmed Corporation*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Market Strategies
    • Olympus Corporation
    • Hoya Corporation
    • Fujifilm Holdings Corporation
    • Smith and Nephew
    • Medtronic PLC
    • Stryker Corporation
    • DePuy Synthes
    • Boston Scientific 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 Product Type
      • Market Snippet, By Endoscope Type
      • Market Snippet, By Applications
      • Market Devices, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • New Product Launches
    • Mergers and Acquisitions
    • Regulatory Scenario
    • PEST Analysis
    • Porters Five Forces model
  4. Global Endoscopes Market, By Product Type, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-o-Y Growth Analysis, 2018 – 2026
      • Segment Trends
    • Endoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
        • Gastroscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Arthroscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Colonoscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Laparoscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Enteroscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Bronchoscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Cystoscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Ultrasound Endoscopes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
      • Visualization System
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
      • Endo Therapy Devices
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
      • Others
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Endoscopes Market, By Endoscope Type, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018 – 2026
      • Segment Trends
    • Rigid Endoscope
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Flexible Endoscope
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Capsule Endoscope
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Endoscopes Market, By Application, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018 – 2026
      • Segment Trends
    • Gastroenterology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • General Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Arthroscopy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Urology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Pulmonology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Gynecology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Endoscopes Market, By End User, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2018 – 2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  8. Global Endoscopes Market, By Region, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 – 2026
    • North America
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2018-2026, (US$ Million)
      • Market Size and Forecast, By Country, 2018-2026, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2018-2026, (US$ Million)
      • Market Size and Forecast, By Country, 2018-2026, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Endoscope Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2018-2026, (US$ Million)
      • Market Size and Forecast, By Country, 2018-2026, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Olympus Corporation*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • CONEMED Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Medtronic PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Fujifilm Holdings Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hola Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DePuy Synthes.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Smith and Nephew
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 65 market data tables and 40 figures on "Endoscopes Market - Global forecast to 2026”.

Research Methodology

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  • 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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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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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.
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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
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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:

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  • 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
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