Ambulatory Surgical Centers Market Size (2021-2031)
The Ambulatory Surgical Centers Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented By Type (Hospital-Based Ambulatory Surgery Centers and Free-Standing Ambulatory Surgery Centers), Specialty (Single- Specialty Centers and Multispecialty Centers), Surgery (Obstetrics/Gynecology, Ophthalmology, Dental, Otolaryngology, Endoscopy, Orthopedic, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Ambulatory Surgical Centers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Ambulatory Surgical Centers Market Segmentation
Type- Hospital-Based Ambulatory Surgery Centers and Free-Standing Ambulatory Surgery Centers
- Single- Specialty Centers and Multispecialty Centers
- Obstetrics/Gynecology
- Ophthalmology
- Dental
- Otolaryngology
- Endoscopy
- Orthopedic
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Ambulatory Surgical Centers Market Growth Drivers- Shift to Outpatient Procedures: It is well documented that more and more surgeries are longer being performed solely in hospitals but in surgery centers. This is because ASCs are more structured and organized whereby patients are able to go for surgeries and go back home the same day which is quite convenient. The trend toward performing more and more of such surgeries in ASCs is one of the factors contributing to the expansion of the overall market.
- Cost Reduction in Healthcare: Patients as well as providers are adopting ASCs due to high cost containment necessity. Such centers have lower running costs in general than hospitals which leads to more affordable prices for the patients. This cost of treatment collective benefit is good for both health care system and patients.
- Reimbursement Policies: Better payment for outpatient surgical services is increasing the attractiveness of ASCs. As more and more insurance companies are paying for procedures carried out in ASCs, more patients will opt for these facilities to undergo surgery.
- Increase in Surgical Procedures: Projections indicate that there will be an increase of about 25% in the doubtful growth in the number of surgical procedures carried out at ASCs in the next decade. This suggests that more complex surgical procedures will be conducted outpatient in ASCs than has been the case previously.
- Technological Advancements: Advanced surgical care centers (ASCs) are able to expand their skills and capabilities due to new technologies such as minimally invasive surgical procedures and telehealth. These technologies enhance the results for the patients and also reduce the time used to perform the tasks hence making the ASCs more productive.
- Demographic Shifts: Demand for outpatient based surgery services has increased due to the growth of the aged population and chronic diseases. ASCs have also been so positioned to take advantage of this providing the required surgical services in an out patient set up.
- Patient Preference for Outpatient Care: Patients increasingly favor outpatient treatment because of its convenience, faster healing, and lower rates of hospitalization associated with outpatient surgical centers (OSCs). This is also projected to continue in the near future thus increasing the market size further.
- Expansion of Services: Therefore, ASC facilities also tend to broaden their scope of services and add more surgical specialties in order to increase the number of people served and enhance the revenue bases.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ambulatory Surgical Centers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Ambulatory Surgical Centers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Shift to Outpatient Procedures is the major factors boosting the Ambulatory Surgical Centers Market growth
The North America region accounts for highest revenue share Ambulatory Surgical Centers Market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
EBOS Group Limited, IntegraMed America Inc, Nueterra Capital, Aspen Healthcare Limited are the major companies operating in the Ambulatory Surgical Centers Market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
The market is expected to grow at a CAGR of 5.7%
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. AMBULATORY SURGICAL CENTRES MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Ambulatory Surgical Centres Market - By Type
3.2.2. Ambulatory Surgical Centres Market - By Specialty
3.2.3. Ambulatory Surgical Centres Market - By Surgery
3.2.4. Ambulatory Surgical Centres Market - By Region
3.2.4.1. By Country
4. AMBULATORY SURGICAL CENTRES MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. AMBULATORY SURGICAL CENTRES MARKET - GLOBAL ANALYSIS
5.1. GLOBAL AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
5.2. GLOBAL AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. PERFORMANCE OF KEY PLAYERS
5.4. EXPERT OPINIONS
6. AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
6.1. OVERVIEW
6.2. TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
6.3. HOSPITAL-BASED AMBULATORY SURGERY CENTERS MARKET
6.3.1. Overview
6.3.2. Hospital-Based Ambulatory Surgery Centers Market Revenue Forecasts and Analysis (US$ Mn)
6.4. FREE-STANDING AMBULATORY SURGERY CENTERS MARKET
6.4.1. Overview
6.4.2. Free-Standing Ambulatory Surgery Centers Market Revenue Forecasts and Analysis (US$ Mn)
7. AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - BY SPECIALTY
7.1. OVERVIEW
7.2. SPECIALTY MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. SINGLE- SPECIALTY CENTERS MARKET
7.3.1. Overview
7.3.2. Single- Specialty Centers Market Revenue Forecasts and Analysis (US$ Mn)
7.4. MULTI-SPECIALTY CENTERS MARKET
7.4.1. Overview
7.4.2. Multi-Specialty Centers Market Revenue Forecasts and Analysis (US$ Mn)
8. AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - BY SURGERY
8.1. OVERVIEW
8.2. SURGERY MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. OBSTETRICS/GYNECOLOGY MARKET
8.3.1. Overview
8.3.2. Obstetrics/Gynecology Market Revenue Forecasts and Analysis (US$ Mn)
8.4. OPHTHALMOLOGY MARKET
8.4.1. Overview
8.4.2. Ophthalmology Market Revenue Forecasts and Analysis (US$ Mn)
8.5. DENTAL MARKET
8.5.1. Overview
8.5.2. Dental Market Revenue Forecasts and Analysis (US$ Mn)
8.6. OTOLARYNGOLOGY MARKET
8.6.1. Overview
8.6.2. Otolaryngology Market Revenue Forecasts and Analysis (US$ Mn)
8.7. ENDOSCOPY MARKET
8.7.1. Overview
8.7.2. Endoscopy Market Revenue Forecasts and Analysis (US$ Mn)
8.8. ORTHOPEDIC MARKET
8.8.1. Overview
8.8.2. Orthopedic Market Revenue Forecasts and Analysis (US$ Mn)
8.9. OTHERS MARKET
8.9.1. Overview
8.9.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
9.1. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
9.2. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
9.3. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
9.4. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SPECIALTY (US$ MN)
9.5. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SURGERY (US$ MN)
9.6. NORTH AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
9.7. US MARKET OVERVIEW
9.7.1. US Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.7.2. US Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
9.7.3. US Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
9.8. CANADA MARKET OVERVIEW
9.8.1. Canada Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.8.2. Canada Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
9.8.3. Canada Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
9.9. MEXICO MARKET OVERVIEW
9.9.1. Mexico Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.9.2. Mexico Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
9.9.3. Mexico Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
10. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 -COUNTRY ANALYSIS
10.1. EUROPE AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
10.2. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
10.4. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SPECIALTY (US$ MN)
10.5. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SURGERY (US$ MN)
10.6. EUROPE AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.7. UK MARKET OVERVIEW
10.7.1. UK Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.7.2. UK Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
10.7.3. UK Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
10.8. GERMANY MARKET OVERVIEW
10.8.1. Germany Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.8.2. Germany Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
10.8.3. Germany Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
10.9. FRANCE MARKET OVERVIEW
10.9.1. France Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.9.2. France Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
10.9.3. France Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
11. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
11.2. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
11.4. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SPECIALTY (US$ MN)
11.5. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SURGERY (US$ MN)
11.6. ASIA PACIFIC AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.7. JAPAN MARKET OVERVIEW
11.7.1. Japan Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.7.2. Japan Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
11.7.3. Japan Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
11.8. CHINA MARKET OVERVIEW
11.8.1. China Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.8.2. China Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
11.8.3. China Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
11.9. INDIA MARKET OVERVIEW
11.9.1. India Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.9.2. India Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
11.9.3. India Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
12. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
12.2. MIDDLE EAST AND AFRICA (MEA) (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
12.4. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SPECIALTY (US$ MN)
12.5. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SURGERY (US$ MN)
12.6. MIDDLE EAST AND AFRICA (MEA) AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.7. SOUTH AFRICA MARKET OVERVIEW
12.7.1. South Africa Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.7.2. South Africa Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
12.7.3. South Africa Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
12.8. SAUDI ARABIA MARKET OVERVIEW
12.8.1. Saudi Arabia Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.8.2. Saudi Arabia Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
12.8.3. Saudi Arabia Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
12.9. UAE MARKET OVERVIEW
12.9.1. UAE Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.9.2. UAE Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
12.9.3. UAE Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
13. SOUTH AND CENTRAL AMERICA AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET OVERVIEW
13.2. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
13.4. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SPECIALTY (US$ MN)
13.5. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY SURGERY (US$ MN)
13.6. SOUTH AND CENTRAL AMBULATORY SURGICAL CENTRES MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.7. BRAZIL MARKET OVERVIEW
13.7.1. Brazil Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Type (US$ Mn)
13.7.2. Brazil Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Specialty (US$ Mn)
13.7.3. Brazil Ambulatory Surgical Centres Market Revenue Forecasts and Analysis - By Surgery (US$ Mn)
14. INDUSTRY LANDSCAPE
14.1. ORGANIC GROWTH STRATEGIES
14.1.1. New Product Launches
14.1.2. Marketing & Promotional Activities
14.2. INORGANIC GROWTH STRATEGIES
14.2.1. Partnerships, Collaborations, and Joint Ventures
14.2.2. Mergers & Acquisitions
15. AMBULATORY SURGICAL CENTRES MARKET, KEY COMPANY PROFILES
15.1. EBOS GROUP LIMITED
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Financial Overview
15.1.4. Product Portfolio
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. INTEGRAMED AMERICA, INC.
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Financial Overview
15.2.4. Product Portfolio
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. NUETERRA CAPITAL
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Financial Overview
15.3.4. Product Portfolio
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. ASPEN HEALTHCARE LIMITED
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Financial Overview
15.4.4. Product Portfolio
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. MEDICAL FACILITIES CORPORATION
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Financial Overview
15.5.4. Product Portfolio
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. TH MEDICAL
15.6.1. Business Description
15.6.2. Financial Overview
15.6.3. Product Portfolio
15.6.4. SWOT Analysis
15.6.5. Key Developments
15.7. AMSURG CORP.
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Financial Overview
15.7.4. Product Portfolio
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. UNITED SURGICAL PARTNERS INTERNATIONAL
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Financial Overview
15.8.4. Product Portfolio
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. HEALTHCARE APPRAISERS
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Financial Overview
15.9.4. Product Portfolio
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. SURGERY PARTNERS
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Financial Overview
15.10.4. Product Portfolio
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
16.3. RESEARCH METHODOLOGY
- EBOS Group Limited
- IntegraMed America, Inc.
- Nueterra Capital
- Aspen Healthcare Limited
- Medical Facilities Corporation
- TH Medical
- AmSurg Corp.
- United Surgical Partners International
- HealthCare Appraisers
- Surgery Partners
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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