Advanced MRI Visualization Systems Professional Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Magnetic Resonance Imaging (MRI) is widely used in diagnosing brain metastases and differentiating them from other intracranial tumors. In addition to diagnosis and treatment, MRI is used in monitoring brain metastases after treatment for detection and managing treatment-induced side effects, as well as detecting tumor recurrence or the development of new metastases. Advanced MRI visualization systems comprise software used for manipulating or enhancing CT and MRI such as MPR, and 3D image reconstruction, perfusion imaging, 3D printing, and procedural planning and procedural navigation.
MARKET SCOPE
The "Global Advanced MRI Visualization Systems Professional Market Analysis to 2031" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the advanced MRI visualization systems professional market, as well as detailed market segmentation based on animal type, application, and end-user. Additionally, the report offers key statistics on the market status of the leading advanced MRI visualization systems professional market players, as well as key market trends and opportunities.
MARKET SEGMENTATION
By type, the advanced MRI visualization systems professional market is segmented based on Permanent Magnet MRI and Superconducting Magnet MRI.
Based on application, the market is segregated as hospitals, medical centers, and others.
MARKET DYNAMICS
Drivers-
Software innovations offer new possibilities for expanding the utilization of the advanced MRI visualization system professional market.
Favorable government regulations for product approvals further enhance the overall market growth.
Restraint-
Despite notable technical advances, the low sensitivity of MRI remains a significant limitation.
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's Advanced MRI Visualization Systems Professional market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the advanced MRI visualization systems professional market in these regions.
Impact of COVID-19 on Advanced MRI Visualization Systems Professional Market
With the COVID-19 pandemic, still progressing understanding the outcome of recovery from COVID-19 pneumonia is of great interest. Adoption of low field MRI escalated during the pandemic as lower field offer strengths resulting in higher signal intensity of lung parenchyma. Also, offers the necessary serial imaging studies for a better pathophysiological understanding of the novel COVID-19 pneumonia. Furthermore, high-performance low-field MRI seems to be the feasible option of utilization for detection of pulmonary involvement in patients suffering from COVID-19 infection and has the potential to be the best alternative imaging modality to radiation-based methods such as CT particularly in case of repetitive examination/monitoring are anticipated to pulmonary diseases.
KEY
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The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2021 to 2031. Each region's Advanced MRI Visualization Systems Professional market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the advanced MRI visualization systems professional market in these regions.
Impact of COVID-19 on Advanced MRI Visualization Systems Professional Market
With the COVID-19 pandemic, still progressing understanding the outcome of recovery from COVID-19 pneumonia is of great interest. Adoption of low field MRI escalated during the pandemic as lower field offer strengths resulting in higher signal intensity of lung parenchyma. Also, offers the necessary serial imaging studies for a better pathophysiological understanding of the novel COVID-19 pneumonia. Furthermore, high-performance low-field MRI seems to be the feasible option of utilization for detection of pulmonary involvement in patients suffering from COVID-19 infection and has the potential to be the best alternative imaging modality to radiation-based methods such as CT particularly in case of repetitive examination/monitoring are anticipated to pulmonary diseases.
KEY MARKET PLAYERS
The report covers key developments in the advanced MRI visualization systems professional market with a focus on two main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that include new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally include strategic acquisitions and partnerships & collaborations between the companies. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the advanced MRI visualization systems professional market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced MRI visualization systems professionals in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced MRI visualization systems professional market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- CANON MEDICAL SYSTEMS CORPORATION
- GE Healthcare
- Koninklijke Philips N.V.
- Siemens Healthcare GmbH
- Terarecon, Inc.
- General Electric Company
- FUJIFILM Holdings America Corporation
- Agfa-Gevaert Group
- Carestream Health
- Visage Imaging, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Advanced MRI Visualization Systems Professional Market - By Type
1.3.2 Advanced MRI Visualization Systems Professional Market - By Application
1.3.3 Advanced MRI Visualization Systems Professional Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. Advanced MRI Visualization Systems Professional MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. Advanced MRI Visualization Systems Professional MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. Advanced MRI Visualization Systems Professional MARKET - GLOBAL MARKET ANALYSIS
6.1. Advanced MRI Visualization Systems Professional - GLOBAL MARKET OVERVIEW
6.2. Advanced MRI Visualization Systems Professional - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PAdvanced MRI Visualization Systems Professional MARKET - REVENUE AND FORECASTS TO 2028 - Type
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. Permanent Magnet MRI
7.3.1. Overview
7.3.2. Permanent Magnet MRI Market Forecast and Analysis
7.4. Superconducting Magnet MRI.
7.4.1. Overview
7.4.2. Superconducting Magnet MRI. Market Forecast and Analysis
8. Advanced MRI Visualization Systems Professional MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. Hospitals
8.3.1. Overview
8.3.2. HospitalsMarket Forecast and Analysis
8.4. Medical Centers
8.4.1. Overview
8.4.2. Medical Centers Market Forecast and Analysis
8.5. Others
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. Advanced MRI Visualization Systems Professional MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Advanced MRI Visualization Systems Professional Market Overview
9.1.2 North America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis
9.1.3 North America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Type
9.1.4 North America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Application
9.1.5 North America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Countries
9.1.5.1 United States Advanced MRI Visualization Systems Professional Market
9.1.5.1.1 United States Advanced MRI Visualization Systems Professional Market by Type
9.1.5.1.2 United States Advanced MRI Visualization Systems Professional Market by Application
9.1.5.2 Canada Advanced MRI Visualization Systems Professional Market
9.1.5.2.1 Canada Advanced MRI Visualization Systems Professional Market by Type
9.1.5.2.2 Canada Advanced MRI Visualization Systems Professional Market by Application
9.1.5.3 Mexico Advanced MRI Visualization Systems Professional Market
9.1.5.3.1 Mexico Advanced MRI Visualization Systems Professional Market by Type
9.1.5.3.2 Mexico Advanced MRI Visualization Systems Professional Market by Application
9.2. EUROPE
9.2.1 Europe Advanced MRI Visualization Systems Professional Market Overview
9.2.2 Europe Advanced MRI Visualization Systems Professional Market Forecasts and Analysis
9.2.3 Europe Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Type
9.2.4 Europe Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Application
9.2.5 Europe Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Advanced MRI Visualization Systems Professional Market
9.2.5.1.1 Germany Advanced MRI Visualization Systems Professional Market by Type
9.2.5.1.2 Germany Advanced MRI Visualization Systems Professional Market by Application
9.2.5.2 France Advanced MRI Visualization Systems Professional Market
9.2.5.2.1 France Advanced MRI Visualization Systems Professional Market by Type
9.2.5.2.2 France Advanced MRI Visualization Systems Professional Market by Application
9.2.5.3 Italy Advanced MRI Visualization Systems Professional Market
9.2.5.3.1 Italy Advanced MRI Visualization Systems Professional Market by Type
9.2.5.3.2 Italy Advanced MRI Visualization Systems Professional Market by Application
9.2.5.4 Spain Advanced MRI Visualization Systems Professional Market
9.2.5.4.1 Spain Advanced MRI Visualization Systems Professional Market by Type
9.2.5.4.2 Spain Advanced MRI Visualization Systems Professional Market by Application
9.2.5.5 United Kingdom Advanced MRI Visualization Systems Professional Market
9.2.5.5.1 United Kingdom Advanced MRI Visualization Systems Professional Market by Type
9.2.5.5.2 United Kingdom Advanced MRI Visualization Systems Professional Market by Application
9.2.5.6 Rest of Europe Advanced MRI Visualization Systems Professional Market
9.2.5.6.1 Rest of Europe Advanced MRI Visualization Systems Professional Market by Type
9.2.5.6.2 Rest of Europe Advanced MRI Visualization Systems Professional Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Advanced MRI Visualization Systems Professional Market Overview
9.3.2 Asia-Pacific Advanced MRI Visualization Systems Professional Market Forecasts and Analysis
9.3.3 Asia-Pacific Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Advanced MRI Visualization Systems Professional Market
9.3.5.1.1 Australia Advanced MRI Visualization Systems Professional Market by Type
9.3.5.1.2 Australia Advanced MRI Visualization Systems Professional Market by Application
9.3.5.2 China Advanced MRI Visualization Systems Professional Market
9.3.5.2.1 China Advanced MRI Visualization Systems Professional Market by Type
9.3.5.2.2 China Advanced MRI Visualization Systems Professional Market by Application
9.3.5.3 India Advanced MRI Visualization Systems Professional Market
9.3.5.3.1 India Advanced MRI Visualization Systems Professional Market by Type
9.3.5.3.2 India Advanced MRI Visualization Systems Professional Market by Application
9.3.5.4 Japan Advanced MRI Visualization Systems Professional Market
9.3.5.4.1 Japan Advanced MRI Visualization Systems Professional Market by Type
9.3.5.4.2 Japan Advanced MRI Visualization Systems Professional Market by Application
9.3.5.5 South Korea Advanced MRI Visualization Systems Professional Market
9.3.5.5.1 South Korea Advanced MRI Visualization Systems Professional Market by Type
9.3.5.5.2 South Korea Advanced MRI Visualization Systems Professional Market by Application
9.3.5.6 Rest of Asia-Pacific Advanced MRI Visualization Systems Professional Market
9.3.5.6.1 Rest of Asia-Pacific Advanced MRI Visualization Systems Professional Market by Type
9.3.5.6.2 Rest of Asia-Pacific Advanced MRI Visualization Systems Professional Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Advanced MRI Visualization Systems Professional Market Overview
9.4.2 Middle East and Africa Advanced MRI Visualization Systems Professional Market Forecasts and Analysis
9.4.3 Middle East and Africa Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Advanced MRI Visualization Systems Professional Market
9.4.5.1.1 South Africa Advanced MRI Visualization Systems Professional Market by Type
9.4.5.1.2 South Africa Advanced MRI Visualization Systems Professional Market by Application
9.4.5.2 Saudi Arabia Advanced MRI Visualization Systems Professional Market
9.4.5.2.1 Saudi Arabia Advanced MRI Visualization Systems Professional Market by Type
9.4.5.2.2 Saudi Arabia Advanced MRI Visualization Systems Professional Market by Application
9.4.5.3 U.A.E Advanced MRI Visualization Systems Professional Market
9.4.5.3.1 U.A.E Advanced MRI Visualization Systems Professional Market by Type
9.4.5.3.2 U.A.E Advanced MRI Visualization Systems Professional Market by Application
9.4.5.4 Rest of Middle East and Africa Advanced MRI Visualization Systems Professional Market
9.4.5.4.1 Rest of Middle East and Africa Advanced MRI Visualization Systems Professional Market by Type
9.4.5.4.2 Rest of Middle East and Africa Advanced MRI Visualization Systems Professional Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Advanced MRI Visualization Systems Professional Market Overview
9.5.2 South and Central America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis
9.5.3 South and Central America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Type
9.5.4 South and Central America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Application
9.5.5 South and Central America Advanced MRI Visualization Systems Professional Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Advanced MRI Visualization Systems Professional Market
9.5.5.1.1 Brazil Advanced MRI Visualization Systems Professional Market by Type
9.5.5.1.2 Brazil Advanced MRI Visualization Systems Professional Market by Application
9.5.5.2 Argentina Advanced MRI Visualization Systems Professional Market
9.5.5.2.1 Argentina Advanced MRI Visualization Systems Professional Market by Type
9.5.5.2.2 Argentina Advanced MRI Visualization Systems Professional Market by Application
9.5.5.3 Rest of South and Central America Advanced MRI Visualization Systems Professional Market
9.5.5.3.1 Rest of South and Central America Advanced MRI Visualization Systems Professional Market by Type
9.5.5.3.2 Rest of South and Central America Advanced MRI Visualization Systems Professional Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL Advanced MRI Visualization Systems Professional MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. Advanced MRI Visualization Systems Professional MARKET, KEY COMPANY PROFILES
12.1. CANON MEDICAL SYSTEMS CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. GE Healthcare
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. Koninklijke Philips N.V.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. Siemens Healthcare GmbH
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. Terarecon, Inc.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. General Electric Company
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. FUJIFILM Holdings America Corporation
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. Agfa-Gevaert Group
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. Carestream Health
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. Visage Imaging, Inc.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. CANON MEDICAL SYSTEMS CORPORATION
2. GE Healthcare
3. Koninklijke Philips N.V.
4. Siemens Healthcare GmbH
5. Terarecon, Inc.
6. General Electric Company
7. FUJIFILM Holdings America Corporation
8. Agfa-Gevaert Group
9. Carestream Health
10. Visage Imaging, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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