Global Oxygen Concentrators Market, By Product Type (Fixed, Portable), End User (Hospitals, Home Care Settings), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Oxygen Concentrators – A Breath of Fresh Air

Until recently, oxygen cylinders was the gold standard method for oxygen delivery to patients with chronic respiratory disorders or hypoxia. In the last few years, oxygen concentrators has emerged as a more convenient alternative to the cumbersome to use and transport oxygen cylinders. Development in the technology of oxygen concentrators has further supported preference for this device as compared to oxygen cylinders. Increasing inclination of patients towards home therapy in turn is increasing prescription for home use oxygen concentrators. Furthermore, with the continuous and pulse mode of oxygen supply, users can set their preferences and have the desired rate of oxygen supply.

As the device use ambient air for the supply of oxygen, it is much cost effective and safer to use than pressurized oxygen cylinders. The oxygen concentrators market has emerged from nothing to millions in revenue in just few years. Patient can use static oxygen concentrators or portable oxygen concentrators or refill the cylinders using their static oxygen concentrators for ambulatory use. Convenience is where the oxygen concentrators market has gained significant attention and increasing traction from patients with respiratory disorders. Novel wearable devices that will monitor the oxygen levels in patient’s body and when required, the device will deliver required amount of oxygen are no distant dreams now.

The global oxygen concentrators market was valued at US$ 930.2 million in 2015 and is expected to witness a CAGR of 7.4% during the forecast period (2016 – 2024).

Figure 1. Global Oxygen Concentrators Market Share, By Region (%)

oxygen concentrators market

Source: Coherent Market Insights Analysis (2017)

Increasing Product Competitiveness

Market players are competing based on pricing and features, which is now extended to technology. More compact and lightweight oxygen concentrators are being made available in the market. Furthermore, devices with different oxygen supplying capacities are also introduced to target specific demands of users. Devices specific for pediatric patients are now available, which have low flow-rate making them ideal for hospital environments and also home use. In addition, devices with pulse as well as continuous flow mode are now available to eliminate the need to purchase two separate devices. Furthermore, oxygen concentrators are now digitally connected to monitor and ensure efficient functioning of the system. USB connection and cloud-based network connection are a few advancements in the technology. Such product developments and innovations would be favorable for consistent growth of the global oxygen concentrators market.

Digital transformation to underpin the growth of oxygen concentrators market

The global healthcare sector is undergoing a wave of transformation, with digitization being the core focus area of product manufacturers and service providers. Healthcare IT products and systems are in high demand in emerging nations such as India, China, Brazil, Indonesia, and also Israel, as part of the ongoing upgrade of healthcare infrastructure in these countries.

Considering the future dynamics in the healthcare industry, manufacturers of oxygen concentrators are also trying to integrate IT with the devices. This is expected to propel growth of oxygen concentrators market in these regions. Oxilife Independence by O2 Concepts LLC is connected on cloud network for the manufacturer/service provider to monitor functioning of the device and provide any upgrade to the system software. This technology aids in ensuring optimal performance of the battery operated oxygen concentrators. Oxilife Independence is the world’s first smart oxygen concentrator.

COPD incidence acting as the growth propeller for the oxygen concentrators market

Aging population and heightened risk to respiratory disorders would favor growth of oxygen concentrators market in future. Chronic obstructive respiratory disorders (COPD) is the major target or user population of oxygen concentrators market. According to the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) is estimated to cause 3 million deaths globally in 2015.

  • Around 1.2 million people in the U.K. were diagnosed with COPD, accounting for nearly 2% of the country’s population (British Lung foundation, 2016). A large part of the population remains undiagnosed.
  • COPD affects 30 million population in the U.S., which accounts for nearly 6.3% of the total U.S. population (COPD Foundation, 2013)
  • COPD is more common in the people above 40 years of age
  • COPD prevalence in Asia Pacific region was found to be 6.2% in 2015 (Study published in Asia Pacific Family Medicine journal)

Only a few percentage of these patients are prescribed oxygen concentrators implying the huge potential for the market players. Creating more awareness, especially in emerging economies would augment the demand for oxygen concentrators. A collaborative approach among the companies, government and insurance companies would benefit the industry and help save a lot to the patients and insurance reimbursement providers.

Oxygen concentrators are widely used to treat patients with deficient supply of oxygen or who lack adequate amount of oxygen in blood. These device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are better alternative to oxygen cylinders that are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these device can also be used at home. However, a prescription from a registered physician is required to purchase on oxygen concentrator. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy and hypoxia) and cardiovascular disease are prescribed oxygen concentrators. Besides, oxygen concentrators are widely used in military or disaster situations where carrying/using oxygen tanks could be perilous, given their highly combustible nature.

Market Dynamics

Three are defined regulatory guidelines for the prescribers to identify situations wherein they can prescribe an oxygen concentrator. The FDA, EU and Australian Government has guidelines defining the prescribing authority, prescription writing and disorders for which oxygen concentrators can be clinically used. This is to further alleviate the risk of using oxygen concentrators in noncritical conditions. Advanced functions in oxygen concentrators that enable monitoring and controlling time-flow of oxygen makes it attractive for users. Hospitals, who are the major users of this device, have an option of selecting either continuous or pulse dose oxygen concentrators. These variants serve users with different needs and budgets.

Oxygen concentrators are an intense threat for oxygen tanks or cylinders, which have been the standard oxygen delivery mode for decades. Market players are constantly focused towards introducing innovative products in the market, in order to sustain in this highly competitive market. Therefore, we see more light and compact device in the global oxygen concentrators market.

Furthermore, growing pollution leading to increasing incidence of respiratory disorders would augment growth of the global oxygen concentrators market. Also, aging is one of the major factors for respiratory problems and use of oxygen delivery devices is comparatively high in elderly patients. This coupled with growing home healthcare market would drive growth of global oxygen concentrators market during the forecast period (2016–2024).

Market Taxonomy

This report segments the global oxygen concentrators market on the basis of product type, end user, and geography. On the basis of product type, the market is categorized into portable and fixed oxygen concentrators. On the basis of end-user, the global oxygen concentrators market is categorized into hospitals, home care settings and others. For comprehensive understanding of market dynamics, the global oxygen concentrators market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of 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 oxygen concentrators 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 oxygen concentrators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies and future plans
  • Key companies covered as a part of this study include Koninklijke Philips N.V., Oxygen to Go, LLC, Inogen, Invacare Corporation, O2 Concepts, LLC, AirSep Corporation, DeVilbiss Healthcare, Teijin Limited, Nidek Medical products, Inc., and Covidien Ltd.
  • 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 oxygen concentrators market report caters to various stakeholders in this industry, including investors, component suppliers, device manufacturers, vendors, healthcare providers, competition with alternative solutions, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the oxygen concentrators market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Oxygen Concentrators Market, By Product Type:
    • Fixed
    • Portable
  • Global Oxygen Concentrators Market, By End User:
    • Hospitals
    • Home Care Settings
    • Others
  • Global Oxygen Concentrators Market, By Geography:
    • North America
      • U.S.
        • U.S. Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • U.S. Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Canada
        • Canada Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Canada Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
    • Europe
      • U.K.
        • U.K. Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • U.K. Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Germany
        • Germany Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Germany Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Italy
        • Italy Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Italy Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • France
        • France Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • France Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Spain
        • Spain Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Spain Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Russia
        • Russia Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Russia Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Rest of Europe
        • Rest of Europe Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Rest of Europe Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
    • Asia-Pacific
      • China
        • China Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • China Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • India
        • India Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • India Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Japan
        • Japan Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Japan Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • ASEAN
        • ASEAN Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • ASEAN Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Australia
        • Australia Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Australia Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • South Korea
        • South Korea Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • South Korea Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Rest of Asia Pacific
        • Rest of Asia Pacific Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Rest of Asia Pacific Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
    • Latin America
      • Brazil
        • Brazil Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Brazil Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Mexico
        • Mexico Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Mexico Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Rest of Latin America
        • Rest of Latin America Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Rest of Latin America Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
    • Middle East
      • GCC
        • GCC Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • GCC Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Israel
        • Israel Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Israel Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Rest of Middle East
        • Rest of Middle East Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Rest of Middle East Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
    • Africa
      • North Africa
        • North Africa Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • North Africa Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • Central Africa
        • Central Africa Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • Central Africa Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
      • South Africa
        • South Africa Oxygen Concentrators Market, By Product Type:
          • Fixed
          • Portable
        • South Africa Oxygen Concentrators Market, By End User:
          • Hospitals
          • Home Care Settings
          • Others
  • Company Profiles
    • Koninklijke Philips N.V. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Oxygen to Go, LLC
    • O2 Concepts, LLC
    • Inogen
    • Invacare Corporation
    • AirSep Corporation
    • DeVilbiss Healthcare
    • Teijin Limited
    • Nidek Medical products, Inc.
    • Covidien Ltd.

 “*” 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 End User
      • Market Snippet By Geography
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Industry Trend
    • Mergers and Acquisitions
    • Government Initiatives
    • Technology Overview
    • New Product Launches
  4. Global Oxygen Concentrators Market, By Product Type, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Fixed/Static
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Portable
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  5. Global Oxygen Concentrators Market, By End User, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Home Care
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  6. Global Oxygen Concentrators Market, By Geography, 2014 - 2024 (US$ Million)
    • 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 Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ 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 Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ 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 Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ 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 Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ 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 Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By End User, 2014 - 2024 (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Oxygen to Go, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • O2 Concepts, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Inogen
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Invacare Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • AirSep Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DeVilbiss Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Teijin Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nidek Medical products, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Covidien Ltd.
        • 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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