Transcatheter Mitral Valve Repair Device Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction to the Transcatheter Mitral Valve Repair Device Industry
Transcatheter Mitral Valve Repair (TMVR) devices are minimally invasive solutions for treating mitral valve diseases, particularly mitral regurgitation (MR), the most common heart valve disorder, affecting 45.4% of valve disease patients in 2019. Globally, 96.7 million people, including 10.6 million in China, had MR in 2019. Unlike traditional open-heart surgery, TMVR offers faster recovery and lower risks, making it ideal for high-risk patients. Abbott’s MitraClip, CE-marked in 2008, FDA-approved in 2018, and China-approved in 2020, pioneered edge-to-edge repair. Edwards Lifesciences’ 2019 acquisition of Mitralign enhanced its portfolio. The market is concentrated, with Abbott and Edwards leading due to patented technologies like the PASCAL system. Innovations focus on robotic-assisted procedures and chordal repair systems like NeoChord’s. Challenges include procedural complexity, high costs, and regulatory hurdles, yet aging populations and unmet needs drive growth.
Market Size and Growth Forecast
The global Transcatheter Mitral Valve Repair Device market is projected to reach USD 1.0–1.5 billion by 2025, with an estimated compound annual growth rate (CAGR) of 8% to 10% through 2030. Growth is driven by MR prevalence, minimally invasive preferences, and technological advancements, tempered by regulatory and cost barriers.
Regional Analysis
North America holds 50–60%, with a growth rate of 7%–9%. The U.S. leads in hospital adoption, with trends focusing on robotic TMVR.
Asia Pacific accounts for 10–20%, with a growth rate of 9%–11%. China’s Hanyu Medical and Japan’s cardiology hubs drive growth. India’s aging population grows. Trends include cost-effective devices.
Europe holds 25–35%, with a growth rate of 7%–9%. Germany’s Edwards dominates hospitals. Trends focus on chordal repair.
Middle East and Africa hold 0–1%, with a growth rate of 5%–7%. The UAE’s cardiology grows, but adoption lags. Trends include medical tourism.
South America accounts for 0–1%, with a growth rate of 5%–7%. Brazil’s hospitals support demand. Trends focus on affordability.
Application Analysis
Hospitals: Holds 85–95%, with a growth rate of 8%–10%. Abbott’s MitraClip dominates surgeries. Trends include robotic integration.
Diagnostic Centres: Accounts for 5–10%, with a growth rate of 7%–9%. Edwards’ PASCAL grows in diagnostics. Trends focus on imaging-guided TMVR.
Others: Holds 0–1%, with a growth rate of 5%–7%. NeoChord’s niche applications grow. Trends include outpatient procedures.
Key Market Players
Abbott: A U.S. firm, Abbott develops edge-to-edge TMVR devices.
Cardiac Dimensions: A U.S. company, Cardiac focuses on annuloplasty systems.
NeoChord: A U.S. firm, NeoChord supplies chordal repair devices.
Edwards Lifesciences: A U.S. company, Edwards develops PASCAL systems.
Hanyu Medical: A Chinese firm, Hanyu focuses on cost-effective TMVR.
Porter’s Five Forces Analysis
● Threat of New Entrants: Low. High regulatory and technical barriers deter entry, with Abbott dominating.
● Threat of Substitutes: Moderate. Surgical repair competes, but Edwards’ TMVR retains minimally invasive appeal.
● Bargaining Power of Buyers: High. Hospitals switch suppliers, pressuring NeoChord for pricing.
● Bargaining Power of Suppliers: Moderate. Component suppliers influence costs, but Abbott’s scale reduces dependency.
● Competitive Rivalry: High. Abbott and Edwards compete on innovation and market share.
Market Opportunities and Challenges
Opportunities
● Aging Population: MR prevalence boosts Abbott’s sales.
● Minimally Invasive Demand: TMVR adoption drives Edwards’ growth.
● Robotic Procedures: Automation favors NeoChord’s expansion.
● Emerging Markets: China’s cardiology supports Hanyu’s share.
● Chordal Repair: Innovations boost Cardiac Dimensions’ adoption.
● Regulatory Approvals: New certifications enhance Abbott’s revenue.
● Unmet Needs: MR undertreatment favors Edwards’ growth.
Challenges
● Procedural Complexity: TMVR challenges Abbott’s adoption.
● High Costs: Device expenses pressure Edwards’ margins.
● Regulatory Hurdles: Approvals increase NeoChord’s costs.
● Surgical Competition: Open-heart options threaten Hanyu’s share.
● Supply Chain Issues: Component delays affect Cardiac Dimensions’ delivery.
● Market Saturation: Mature regions slow Abbott’s expansion.
● Technological Barriers: Robotic TMVR development affects Edwards’ innovation.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Transcatheter Mitral Valve Repair Device Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Transcatheter Mitral Valve Repair Device by Region
8.2 Import of Transcatheter Mitral Valve Repair Device by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Transcatheter Mitral Valve Repair Device Market in North America (2020-2030)
9.1 Transcatheter Mitral Valve Repair Device Market Size
9.2 Transcatheter Mitral Valve Repair Device Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Transcatheter Mitral Valve Repair Device Market in South America (2020-2030)
10.1 Transcatheter Mitral Valve Repair Device Market Size
10.2 Transcatheter Mitral Valve Repair Device Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Transcatheter Mitral Valve Repair Device Market in Asia & Pacific (2020-2030)
11.1 Transcatheter Mitral Valve Repair Device Market Size
11.2 Transcatheter Mitral Valve Repair Device Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Transcatheter Mitral Valve Repair Device Market in Europe (2020-2030)
12.1 Transcatheter Mitral Valve Repair Device Market Size
12.2 Transcatheter Mitral Valve Repair Device Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Transcatheter Mitral Valve Repair Device Market in MEA (2020-2030)
13.1 Transcatheter Mitral Valve Repair Device Market Size
13.2 Transcatheter Mitral Valve Repair Device Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Transcatheter Mitral Valve Repair Device Market (2020-2025)
14.1 Transcatheter Mitral Valve Repair Device Market Size
14.2 Transcatheter Mitral Valve Repair Device Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Transcatheter Mitral Valve Repair Device Market Forecast (2025-2030)
15.1 Transcatheter Mitral Valve Repair Device Market Size Forecast
15.2 Transcatheter Mitral Valve Repair Device Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Abbott
15.1.1 Company Profile
15.1.2 Main Business and Transcatheter Mitral Valve Repair Device Information
15.1.3 SWOT Analysis of Abbott
15.1.4 Abbott Transcatheter Mitral Valve Repair Device Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Cardiac Dimensions
15.2.1 Company Profile
15.2.2 Main Business and Transcatheter Mitral Valve Repair Device Information
15.2.3 SWOT Analysis of Cardiac Dimensions
15.2.4 Cardiac Dimensions Transcatheter Mitral Valve Repair Device Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Neochord
15.3.1 Company Profile
15.3.2 Main Business and Transcatheter Mitral Valve Repair Device Information
15.3.3 SWOT Analysis of Neochord
15.3.4 Neochord Transcatheter Mitral Valve Repair Device Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Transcatheter Mitral Valve Repair Device Report
Table Data Sources Of Transcatheter Mitral Valve Repair Device Report
Table Major Assumptions Of Transcatheter Mitral Valve Repair Device Report
Table Transcatheter Mitral Valve Repair Device Classification
Table Transcatheter Mitral Valve Repair Device Applications List
Table Drivers Of Transcatheter Mitral Valve Repair Device Market
Table Restraints Of Transcatheter Mitral Valve Repair Device Market
Table Opportunities Of Transcatheter Mitral Valve Repair Device Market
Table Threats Of Transcatheter Mitral Valve Repair Device Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Transcatheter Mitral Valve Repair Device
Table Cost Structure Analysis Of Transcatheter Mitral Valve Repair Device
Table Key End Users List
Table Latest News Of Transcatheter Mitral Valve Repair Device Market
Table Merger And Acquisition List
Table Planned/Future Project Of Transcatheter Mitral Valve Repair Device Market
Table Policy Of Transcatheter Mitral Valve Repair Device Market
Table 2020-2030 Regional Export Of Transcatheter Mitral Valve Repair Device
Table 2020-2030 Regional Import Of Transcatheter Mitral Valve Repair Device
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 North America Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 North America Transcatheter Mitral Valve Repair Device Key Players Sales List
Table 2020-2025 North America Transcatheter Mitral Valve Repair Device Key Players Market Share List
Table 2020-2030 North America Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 North America Transcatheter Mitral Valve Repair Device Price List By Type
Table 2020-2030 United States Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 United States Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Canada Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Canada Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Mexico Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Mexico Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 South America Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 South America Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 South America Transcatheter Mitral Valve Repair Device Key Players Sales List
Table 2020-2025 South America Transcatheter Mitral Valve Repair Device Key Players Market Share List
Table 2020-2030 South America Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 South America Transcatheter Mitral Valve Repair Device Price List By Type
Table 2020-2030 Brazil Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Brazil Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Argentina Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Argentina Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Chile Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Chile Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Peru Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Peru Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Asia & Pacific Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 Asia & Pacific Transcatheter Mitral Valve Repair Device Key Players Sales List
Table 2020-2025 Asia & Pacific Transcatheter Mitral Valve Repair Device Key Players Market Share List
Table 2020-2030 Asia & Pacific Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 Asia & Pacific Transcatheter Mitral Valve Repair Device Price List By Type
Table 2020-2030 China Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 China Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 India Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 India Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Japan Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Japan Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 South Korea Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 South Korea Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Southeast Asia Transcatheter Mitral Valve Repair Device Market Size List
Table 2020-2030 Southeast Asia Transcatheter Mitral Valve Repair Device Market Volume List
Table 2020-2030 Southeast Asia Transcatheter Mitral Valve Repair Device Import List
Table 2020-2030 Southeast Asia Transcatheter Mitral Valve Repair Device Export List
Table 2020-2030 Australia Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Australia Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Europe Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Europe Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 Europe Transcatheter Mitral Valve Repair Device Key Players Sales List
Table 2020-2025 Europe Transcatheter Mitral Valve Repair Device Key Players Market Share List
Table 2020-2030 Europe Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 Europe Transcatheter Mitral Valve Repair Device Price List By Type
Table 2020-2030 Germany Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Germany Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 France Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 France Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 United Kingdom Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 United Kingdom Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Italy Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Italy Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Spain Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Spain Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Belgium Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Belgium Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Netherlands Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Netherlands Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Austria Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Austria Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Poland Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Poland Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Russia Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Russia Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Mea Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Mea Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 Mea Transcatheter Mitral Valve Repair Device Key Players Sales List
Table 2020-2025 Mea Transcatheter Mitral Valve Repair Device Key Players Market Share List
Table 2020-2030 Mea Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 Mea Transcatheter Mitral Valve Repair Device Price List By Type
Table 2020-2030 Egypt Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Egypt Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Israel Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Israel Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 South Africa Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 South Africa Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2030 Turkey Transcatheter Mitral Valve Repair Device Market Size And Market Volume List
Table 2020-2030 Turkey Transcatheter Mitral Valve Repair Device Import & Export List
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Size List By Region
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Size Share List By Region
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Volume List By Region
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Volume Share List By Region
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Demand Market Share List By Application
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Key Vendors Sales List
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Key Vendors Sales Share List
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Key Vendors Revenue List
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Key Vendors Revenue Share List
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2020-2025 Global Transcatheter Mitral Valve Repair Device Demand Market Share List By Type
Table 2020-2025 Regional Transcatheter Mitral Valve Repair Device Price List
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Size List By Region
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Size Share List By Region
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Volume List By Region
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Volume Share List By Region
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Demand List By Application
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Demand Market Share List By Application
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Key Vendors Sales List
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Key Vendors Sales Share List
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Key Vendors Revenue List
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Key Vendors Revenue Share List
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Demand List By Type
Table 2025-2030 Global Transcatheter Mitral Valve Repair Device Demand Market Share List By Type
Table 2025-2030 Transcatheter Mitral Valve Repair Device Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Transcatheter Mitral Valve Repair Device Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Transcatheter Mitral Valve Repair Device Market Size And Cagr
Figure 2020-2030 North America Transcatheter Mitral Valve Repair Device Market Volume And Cagr
Figure 2020-2030 South America Transcatheter Mitral Valve Repair Device Market Size And Cagr
Figure 2020-2030 South America Transcatheter Mitral Valve Repair Device Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Transcatheter Mitral Valve Repair Device Market Size And Cagr
Figure 2020-2030 Asia & Pacific Transcatheter Mitral Valve Repair Device Market Volume And Cagr
Figure 2020-2030 Europe Transcatheter Mitral Valve Repair Device Market Size And Cagr
Figure 2020-2030 Europe Transcatheter Mitral Valve Repair Device Market Volume And Cagr
Figure 2020-2030 Mea Transcatheter Mitral Valve Repair Device Market Size And Cagr
Figure 2020-2030 Mea Transcatheter Mitral Valve Repair Device Market Volume And Cagr
Figure 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Volume And Growth Rate
Figure 2020-2025 Global Transcatheter Mitral Valve Repair Device Market Size And Growth Rate
Figure 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Volume And Growth Rate
Figure 2025-2030 Global Transcatheter Mitral Valve Repair Device Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |