Spain Anesthesia and Respiratory Devices Market Analysis and Forecasts to 2015SummaryThis report is an essential source for in-depth information and data relating to the the Spain anesthesia & respiratory devices market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and latest news, financial deals and pipeline products information of each of the key sub-segments of theanesthesia & respiratory devices market in Spain.Scope- The Report covers information on a key category within the medical devices industry - anesthesia and respiratory devices. Anesthesia and respiratory devices remains one of the key market segments within the medical equipment industry- The report provides anesthesia & respiratory devices market information broken down into detailed categories and segments in Spain. Categories include Anesthesia Disposables, Anesthesia Machines, Respiratory Devices, Respiratory Disposables, Respiratory Measurement Devices and Sleep Apnea Diagnostic Systems- Total revenues, products sold, end users, and average pricing.- 2008 Market shares of all the key competitors. - Key pipeline products that are set to shape the market, broken down by sector. - Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis, and financial information. Key companies include GE Healthcare, Drager Medical AG & Co. KG, Teleflex Incorporated, Smiths Medical and Covidien Ltd./Tyco Healthcare - Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement.- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.- Key mergers and acquisitions, partnerships, private equity investments and IPOs. - Customer, hospitals and physicians data.Reasons to buy- Gain a strong understanding of the anesthesia & respiratory devices market in Spain.- Evaluate and compare the attractiveness of the market in the country. - Identify growth segments and opportunities in each industry sector within the country.- Evaluate the pipeline of key products that will change the sector, and identify threats and opportunities before the products are launched in the country.- Analyze the competitiveness of the market in the country and identify hotspots. - Develop strategies based on the latest product, brand, expansion and research and development news in the country. - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market in the country.- Identify and analyze the strengths and weaknesses of the industry incumbents in the country.
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Spain Anesthesia and Respiratory Devices Market Analysis and Forecasts to 2015
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Spain Anesthesia and Respiratory Devices Market Analysis and
Forecasts to 2015
Published on June 2009
Report Summary
Spain Anesthesia and Respiratory Devices Market Analysis and Forecasts to 2015
Summary
This report is an essential source for in-depth information and data relating to the the Spain anesthesia & respiratory devices market.
It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and
latest news, financial deals and pipeline products information of each of the key sub-segments of theanesthesia & respiratory devices
market in Spain.
Scope
- The Report covers information on a key category within the medical devices industry - anesthesia and respiratory devices.
Anesthesia and respiratory devices remains one of the key market segments within the medical equipment industry
- The report provides anesthesia & respiratory devices market information broken down into detailed categories and segments in
Spain. Categories include Anesthesia Disposables, Anesthesia Machines, Respiratory Devices, Respiratory Disposables, Respiratory
Measurement Devices and Sleep Apnea Diagnostic Systems
- Total revenues, products sold, end users, and average pricing.
- 2008 Market shares of all the key competitors.
- Key pipeline products that are set to shape the market, broken down by sector.
- Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis,
and financial information. Key companies include GE Healthcare, Drager Medical AG & Co. KG, Teleflex Incorporated, Smiths
Medical and Covidien Ltd./Tyco Healthcare
- Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity investments and IPOs.
- Customer, hospitals and physicians data.
Reasons to buy
- Gain a strong understanding of the anesthesia & respiratory devices market in Spain.
- Evaluate and compare the attractiveness of the market in the country.
- Identify growth segments and opportunities in each industry sector within the country.
- Evaluate the pipeline of key products that will change the sector, and identify threats and opportunities before the products are
launched in the country.
- Analyze the competitiveness of the market in the country and identify hotspots.
- Develop strategies based on the latest product, brand, expansion and research and development news in the country.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market in
the country.
- Identify and analyze the strengths and weaknesses of the industry incumbents in the country.
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Table of Content
Table Of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 12
2.1 What Is This Report About' 12
3 Definitions of Markets Covered in This Report 13
3.1 Anesthesia and Respiratory Devices 13
3.2 Anesthesia Machines 13
3.2.1 Anesthesia Work Station 13
3.2.2 Portable Anesthesia Delivery Machine 13
3.2.3 Stand Alone Anesthesia Delivery Machine 13
3.3 Anesthesia Disposables 13
3.3.1 Anesthesia Circuits 13
3.3.1.1 Closed Anesthesia Circuits 13
3.3.1.2 Open Anesthesia Circuits 14
3.3.2 Anesthesia Masks 14
3.3.3 Anesthesia Airway Management 14
3.3.3.1 Endotracheal Tubes 14
3.3.3.2 Laryngeal Mask Airways 14
3.3.3.3 Tracheostomy Tubes 14
3.4 Respiratory Disposables 14
3.4.1 Disposable Oxygen Masks 14
3.4.2 Oxygen Cannulae 14
3.5 Respiratory Devices 15
3.5.1 Humidifiers 15
3.5.2 Nebulizers 15
3.5.2.1 Portable Compressor Nebulizers 15
3.5.2.2 Portable Ultrasonic Nebulizers 15
3.5.3 Oxygen Concentrator 15
3.5.3.1 Fixed Oxygen Concentrators 15
3.5.3.2 Portable Oxygen Concentrators 16
3.5.4 Positive Airway Pressure Devices 16
3.5.4.1 Automatic Self-Adjusting Positive Airway Pressure (APAP) 16
3.5.4.2 Bilevel Positive Airway Pressure (BPAP) 16
3.5.4.3 Continuous Positive Airway Pressure (CPAP) 16
3.5.5 Reusable Resuscitators 16
3.5.6 Ventilators 16
3.5.6.1 Adult/Paediatric Ventilators 16
3.5.6.2 Neonatal Ventilators 17
3.6 Respiratory Measurement Devices 17
3.6.1 Pulse Oximetry Sensors 17
3.6.2 Capnographs 17
3.6.3 Spirometers 17
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4 Healthcare Sector Review 18
4.1 Healthcare Expenditure 18
4.2 Healthcare Infrastructure 19
4.3 Healthcare Policy 23
4.4 Spain Healthcare Trade Statistics 24
5 Regulation System 25
5.1 Medical Equipment Approval Process 25
5.1.1 Classification of medical devices 25
5.1.2 Conformity Assessment Process 34
5.1.2.1 Class I devices 34
5.1.2.2 Class IIa devices 35
5.1.2.3 Class IIb devices 36
5.2 Post Market Surveillance (PMS) 37
6 Pricing and Reimbursement 38
6.1 Pricing and Reimbursement Policies 38
7 Distribution Structure 39
8 Anesthesia and Respiratory Devices In Spain 40
8.1 Anesthesia and Respiratory Devices, Spain, Overall Revenue 40
8.2 Anesthesia and Respiratory Devices, Spain, Overall Volume 44
8.3 Anesthesia and Respiratory Devices, Spain Company Share (2007-2008) 47
8.4 Spain Anesthesia and Respiratory Devices Market Dynamics 48
8.4.1 Market Drivers 48
8.4.2 Market Restraints 48
9 Anesthesia Disposables In Spain 49
9.1 Anesthesia Disposables Overall Revenue (2000-2015) 49
9.2 Anesthesia Disposables Overall Volume (2000-2015) 53
9.3 Anesthesia Disposables Average Price (2000-2015) 55
9.4 Anesthesia Disposables Distribution Share (2007-2008) 56
9.5 Anesthesia Disposables, Spain, Company Share (2007-2008) 57
10 Anesthesia Machines In Spain 58
10.1 Anesthesia Machines Overall Revenue (2000-2015) 58
10.2 Anesthesia Machines Overall Volume (2000-2015) 61
10.3 Anesthesia Machines Average Price (2000-2015) 63
10.4 Anesthesia Machines Distribution Share (2007-2008) 64
10.5 Anesthesia Machines, Spain, Company Share (2007-2008) 65
11 Respiratory Devices In Spain 66
11.1 Respiratory Devices Overall Revenue (2000-2015) 66
11.2 Respiratory Devices Overall Volume (2000-2015) 70
11.3 Respiratory Devices Average Price (2000-2015) 74
11.4 Respiratory Devices Distribution Share (2007-2008) 76
11.5 Respiratory Devices, Spain, Company Share (2007-2008) 77
12 Respiratory Disposables In Spain 78
12.1 Respiratory Disposables Overall Revenue (2000-2015) 78
12.2 Respiratory Disposables Overall Volume (2000-2015) 80
12.3 Respiratory Disposables Average Price (2000-2015) 82
12.4 Respiratory Disposables Distribution Share (2007-2008) 83
12.5 Respiratory Disposables, Spain, Company Share (2007-2008) 84
13 Respiratory Measurement Devices In Spain 85
13.1 Respiratory Measurement Devices Overall Revenue (2000-2015) 85
13.2 Respiratory Measurement Devices Overall Volume (2000-2015) 87
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13.2.1 Pulse Oximeter Systems Overall Volume (2000-2015) 90
13.3 Respiratory Measurement Devices Average Price (2000-2015) 92
13.4 Respiratory Measurement Devices Distribution Share (2007-2008) 93
13.5 Respiratory Measurement Devices, Spain, Company Share (2007-2008) 94
14 Sleep Apnea Diagnostic Systems In Spain 95
14.1 Sleep Apnea Diagnostic Systems Overall Revenue (2000-2015) 95
14.2 Sleep Apnea Diagnostic Systems Overall Volume (2000-2015) 97
14.3 Sleep Apnea Diagnostic Systems Average Price (2000-2015) 100
14.4 Sleep Apnea Diagnostic Systems Distribution Share (2007-2008) 101
14.5 Sleep Apnea Diagnostic Systems, Spain, Company Share (2007-2008) 102
15 Overview of Key Companies in Spain Anesthesia and Respiratory Devices Market 103
15.1 Draegerwerk Aktiengesellschaft 103
15.1.1 Company Overview 103
15.1.2 Value Chain Analysis 103
15.1.2.1 Manufacturing 103
15.1.2.2 Product Development 104
15.1.2.3 Sales and Marketing 104
15.2 GE Healthcare 105
15.2.1 Company Overview 105
15.3 Teleflex Incorporated 106
15.3.1 Company Overview 106
15.3.2 Value Chain Analysis 106
15.3.2.1 Manufacturing 106
15.3.2.2 Product Development 107
15.3.2.3 Sales and Marketing 107
15.4 Cardinal Health, Inc. 108
15.4.1 Company Overview 108
15.4.2 Value Chain Analysis 108
15.4.2.1 Manufacturing 108
15.4.2.2 Product Development 109
15.4.2.3 Sales and Marketing 110
15.5 Smiths Medical 111
15.5.1 Company Overview 111
15.5.2 Value Chain Analysis 111
15.5.2.1 Manufacturing 111
15.5.2.2 Product Development 112
15.5.2.3 Sales and Marketing 112
15.5.2.4 Licensing Agreements 112
15.5.3 Smiths Medical Pipeline Products 113
15.5.3.1 Smiths Medical Pipeline Products By Equipment Type 113
15.5.3.2 Smiths Medical Pipeline Products By Development Stage 113
15.5.3.3 Smiths Medical Pipeline Products By Therapy Area 114
15.5.3.4 Smiths Medical Pipeline Products By News Summary 114
15.6 MAQUET GmbH & Co. KG 114
15.6.1 Company Overview 114
15.7 LMA International N.V. 115
15.7.1 Company Overview 115
15.8 Aspensalud SL. 115
15.8.1 Company Overview 115
15.9 LEVENTON, S.A.U. 116
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15.9.1 Company Overview 116
15.10 Meditel Ingenieria Medica S.L. 116
15.10.1 Company Overview 116
15.11 RGB Medical Devices, S.A. 117
15.11.1 Company Overview 117
15.12 SIBEL S.A. 117
15.12.1 Company Overview 117
15.13 ST-Electromedicina, s.a 117
15.13.1 Company Overview 117
16 Appendix 118
16.1 GlobalData Research Methodology 118
16.2 Secondary Research 119
16.3 Primary Research 120
16.4 Models 120
16.5 Forecasts 121
16.6 Expert Panel Validation 121
16.7 Currency Conversion 122
16.8 Contact Us 123
16.9 Disclaimer 123List of Tables
1.1 List of Tables
Table 1: Number of Doctors by Specialty in Spain, 2003-2007 20
Table 2: Number of Hospital Wards by Specialty in Spain, 2003-2007 21
Table 3: Healthcare Institutions in Spain, 2005 22
Table 4: Hospital Beds by Type in Spain, 2005 22
Table 5: Number of Healthcare Personnel in Spain, 2005 22
Table 6: Number of Medical Equipment in Spain, 2005 23
Table 7: Spain Healthcare Trade Statistics, 2001-2006 24
Table 8: Anesthesia and Respiratory Devices, Spain, Overall Revenue ($ m), Historic, 2000-2008 41
Table 9: Anesthesia and Respiratory Devices, Spain, Overall Revenue ($ m), Forecast, 2008-2015 43
Table 10: Anesthesia and Respiratory Devices, Spain, Category Volume (Units), Historic, 2000-2008 44
Table 11: Anesthesia and Respiratory Devices, Spain, Category Volume (Units), Forecast, 2008-2015 44
Table 12: Anesthesia and Respiratory Devices, Spain, Cross-Category Analysis, 2000-2015 46
Table 13: Anesthesia and Respiratory Devices, Spain Company Share by Revenue ($ mn), 2007-2008 47
Table 14: Anesthesia Disposables, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 49
Table 15: Anesthesia Disposables, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 51
Table 16: Anesthesia Disposables, Spain, Volume (Units), Historic, 2000-2008 53
Table 17: Anesthesia Disposables, Spain, Volume (Units), Forecast, 2008-2015 54
Table 18: Anesthesia Disposables, Spain, Average Price ($), Historic, 2000-2008 55
Table 19: Anesthesia Disposables, Spain, Average Price ($), Forecast, 2008-2015 55
Table 20: Anesthesia Disposables, Spain, Distribution Share by Revenue ($m), 2007-2008 56
Table 21: Anesthesia Disposables, Spain, Company Share by Revenue ($ mn), 2007-2008 57
Table 22: Anesthesia Machines, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 58
Table 23: Anesthesia Machines, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 60
Table 24: Anesthesia Machines, Spain, Volume (Units), Historic, 2000-2008 61
Table 25: Anesthesia Machines, Spain, Volume (Units), Forecast, 2008-2015 62
Table 26: Anesthesia Machines, Spain, Average Price ($), Historic, 2000-2008 63
Table 27: Anesthesia Machines, Spain, Average Price ($), Forecast, 2008-2015 63
Table 28: Anesthesia Machines, Spain, Distribution Share by Revenue ($m), 2007-2008 64
Table 29: Anesthesia Machines, Spain, Company Share by Revenue ($ m), 2007-2008 65
Table 30: Respiratory Devices, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 67
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Table 31: Respiratory Devices, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 68
Table 32: Respiratory Devices, Spain, Volume (Units), Historic, 2000-2008 70
Table 33: Respiratory Devices, Spain, Volume (Units), Forecast, 2008-2015 72
Table 34: Respiratory Devices, Spain, Average Price ($), Historic, 2000-2008 74
Table 35: Respiratory Devices, Spain, Average Price ($), Forecast, 2008-2015 75
Table 36: Respiratory Devices, Spain, Distribution Share by Revenue ($m), 2007-2008 76
Table 37: Respiratory Devices, Spain, Company Share by Revenue ($ mn), 2007-2008 77
Table 38: Respiratory Disposables, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 78
Table 39: Respiratory Disposables, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 79
Table 40: Respiratory Disposables, Spain, Volume (Units), Historic, 2000-2008 80
Table 41: Respiratory Disposables, Spain, Volume (Units), Forecast, 2008-2015 81
Table 42: Respiratory Disposables, Spain, Average Price ($), Historic, 2000-2008 82
Table 43: Respiratory Disposables, Spain, Average Price ($), Forecast, 2008-2015 82
Table 44: Respiratory Disposables, Spain, Distribution Share by Revenue ($m), 2007-2008 83
Table 45: Respiratory Disposables, Spain, Company Share by Revenue ($ m), 2007-2008 84
Table 46: Respiratory Measurement Devices, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 85
Table 47: Respiratory Measurement Devices, Spain, Revenue ($ mn) by Segment, Forecast, 2008-2015 87
Table 48: Respiratory Measurement Devices, Spain, Volume (Units), Historic, 2000-2008 88
Table 49: Respiratory Measurement Devices, Spain, Volume (Units), Forecast, 2008-2015 89
Table 50: Pulse Oximeter Systems, Spain, Volume (Units) by Sub-Segment, Historic, 2000-2008 90
Table 51: Pulse Oximeter Systems, Spain, Volume (Units) by Sub-Segment, Forecast, 2008-2015 91
Table 52: Respiratory Measurement Devices, Spain, Average Price ($), Historic, 2000-2008 92
Table 53: Respiratory Measurement Devices, Spain, Average Price ($), Forecast, 2008-2015 92
Table 54: Respiratory Measurement Devices, Spain, Distribution Share by Revenue ($ m), 2007-2008 93
Table 55: Respiratory Measurement Devices, Spain, Company Share by Revenue ($ m), 2007-2008 94
Table 56: Sleep Apnea Diagnostic Systems, Spain, Revenue ($ mn) by Segment, Historic, 2000-2008 95
Table 57: Sleep Apnea Diagnostic Systems, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 97
Table 58: Sleep Apnea Diagnostic Systems, Spain, Volume (Units), Historic, 2000-2008 98
Table 59: Sleep Apnea Diagnostic Systems, Spain, Volume (Units), Forecast, 2008-2015 99
Table 60: Sleep Apnea Diagnostic Systems, Spain, Average Price ($), Historic, 2000-2008 100
Table 61: Sleep Apnea Diagnostic Systems, Spain, Average Price ($), Forecast, 2008-2015 100
Table 62: Sleep Apnea Diagnostic Systems, Spain, Distribution Share by Revenue ($m), 2007-2008 101
Table 63: Sleep Apnea Diagnostic Systems, Spain, Company Share by Revenue ($ mn), 2007-2008 102
Table 64: Smiths Medical Pipeline Products by Equipment Type 113
Table 65: Smiths Medical Pipeline Products by Development Stage 113
Table 66: Smiths Medical Pipeline Products By Therapy Area 114
Table 67: Smiths Medical Pipeline Products By News Summaries 114
Table 68: USD to Local Currency, Average Exchange Rate 2008 122List of Figures
1.2 List of Figures
Figure 1: Total Healthcare Expenditure in Spain, 2000 ' 2006 19
Figure 2: Flowchart for Classification of Non-invasive Devices in Spain, 2007 26
Figure 3: Flowchart for Classification of Invasive Devices in Spain, 2007 27
Figure 4: Flowchart for Classification of Invasive Devices in Spain, 2007 28
Figure 5: Flowchart for Classification of Invasive Devices in Spain, 2007 29
Figure 6: Flowchart for Classification of Invasive Devices in Spain, 2007 30
Figure 7: Flowchart for Classification of Active Devices in Spain, 2007 31
Figure 8: Flowchart for Classification of Active Devices in Spain, 2007 32
Figure 9: Flowchart for Classification of Devices except Non-invasive, Invasive and Active Devices in Spain, 2007 33
Figure 10: Conformity Assessment of Class-I Medical Devices in Spain, 2007 34
Figure 11: Conformity Assessment of Class-IIa Medical Devices in Spain, 2007 35
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Figure 12: Conformity Assessment of Class-IIb Medical Devices in Spain, 2007 36
Figure 13: Conformity Assessment of Class-III Medical Devices in Spain, 2007 37
Figure 14: Anesthesia and Respiratory Devices, Spain, Overall Revenue ($ m), Historic, 2000-2008 40
Figure 15: Anesthesia and Respiratory Devices, Spain, Overall Revenue ($ m), Forecast, 2008-2015 42
Figure 16: Anesthesia and Respiratory Devices, Spain, Cross-Category Analysis, 2000-2015 46
Figure 17: Anesthesia and Respiratory Devices, Spain Company Share (%), 2008 47
Figure 18: Anesthesia Disposables, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 49
Figure 19: Anesthesia Disposables, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 51
Figure 20: Anesthesia Disposables, Spain, Volume (Units), Historic, 2000-2008 53
Figure 21: Anesthesia Disposables, Spain, Volume (Units), Forecast, 2008-2015 54
Figure 22: Anesthesia Disposables, Spain, Company Share (%), 2008 57
Figure 23: Anesthesia Machines, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 58
Figure 24: Anesthesia Machines, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 60
Figure 25: Anesthesia Machines, Spain, Volume (Units), Historic, 2000-2008 61
Figure 26: Anesthesia Machines, Spain, Volume (Units), Forecast, 2008-2015 62
Figure 27: Anesthesia Machines, Spain, Company Share (%), 2008 65
Figure 28: Respiratory Devices, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 66
Figure 29: Respiratory Devices, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 68
Figure 30: Respiratory Devices, Spain, Volume (Units), Historic, 2000-2008 70
Figure 31: Respiratory Devices, Spain, Volume (Units), Forecast, 2008-2015 72
Figure 32: Respiratory Devices, Spain, Company Share (%), 2008 77
Figure 33: Respiratory Disposables, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 78
Figure 34: Respiratory Disposables, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 79
Figure 35: Respiratory Disposables, Spain, Volume (Units), Historic, 2000-2008 80
Figure 36: Respiratory Disposables, Spain, Volume (Units), Forecast, 2008-2015 81
Figure 37: Respiratory Disposables, Spain, Company Share (%), 2008 84
Figure 38: Respiratory Measurement Devices, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 85
Figure 39: Respiratory Measurement Devices, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 87
Figure 40: Respiratory Measurement Devices, Spain, Volume (Units), Historic, 2000-2008 88
Figure 41: Respiratory Measurement Devices, Spain, Volume (Units), Forecast, 2008-2015 89
Figure 42: Pulse Oximeter Systems, Spain, Volume (Units) by Sub-Segment, Historic, 2000-2008 90
Figure 43: Pulse Oximeter Systems, Spain, Volume (Units) by Sub-Segment, Forecast, 2008-2015 91
Figure 44: Respiratory Measurement Devices, Spain, Company Share (%), 2008 94
Figure 45: Sleep Apnea Diagnostic Systems, Spain, Revenue ($ m) by Segment, Historic, 2000-2008 95
Figure 46: Sleep Apnea Diagnostic Systems, Spain, Revenue ($ m) by Segment, Forecast, 2008-2015 96
Figure 47: Sleep Apnea Diagnostic Systems, Spain, Volume (Units), Historic, 2000-2008 98
Figure 48: Sleep Apnea Diagnostic Systems, Spain, Volume (Units), Forecast, 2008-2015 99
Figure 49: Sleep Apnea Diagnostic Systems, Spain, Company Share (%), 2008 102
Figure 50: GlobalData Methodology 119
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