One of the manufacturers of hospital consumables was looking for data on essential protective consumables during the COVID-19 pandemic. The client was interested in the data for demand-supply analysis, the required percentageramp-up in production, and market forecasts for 2020 and 2021.
The globalCOVID-19 outbreak has seen an exponential increase in the demand for essential protective consumables. Most manufacturers have increased their production capacities to meet the market demand. We studied COVID-19 epidemiology country-wise, along with the demand and supply of essential protective consumables. Later, the total production of each country was calculated after identifying data on manufacturers and their production capacities, along with the quantities produced. This data was then validated from authentic sources and government publications. The same data was added up to derive global production.
Similarly, the daily consumption of these devices was tracked using authentic sources, and the demand-supply gap was analyzed. Further, to serve the client requirement on market forecasts for 2020 and 2021, quarterly forecasts were provided for the dynamic market. To provide better insights into market dynamics, forecasts were explicitly providedquarterly, rather than annually. This data was used by the client to narrow downthe required production ramp-up.
One of the small players in the medical devices industry was developing a novel technology in ophthalmology devices, the first if its kind, which had reached the stage II of development. The client was looking for data on the market size and the peak sales that product could reach after its commercialization. The client also wanted a track of any similar technology under development.
A qualitative and quantitative analysis of the device of the client's interest was provided. The quantitative analysis was based on market forecasts after the expected year of commercialization, which, in turn, were based on primary and secondary research,including factors such as the availability of substitutes, lifecycle of substitute products, consumer behavior, product price, disease epidemiology, and treatment penetration.
A qualitative market overview of the potential novel technology in terms of pipeline analysis and products in development was provided. Moreover, to provide insights on clinical research, we covered a detailed analysis of various similar technologies under development in terms of technology platform and stage of clinical development. In addition, market competitiveness was determined based on the company profiles, with a comprehensive analysis of company overview and product portfolio, among others. Our market study helped the client understand the potential adoption of its product, among the other treatment alternatives.