Artificial Organs Market Dynamics - 2021 to 2031
The Artificial Organs Market is expected to register a CAGR of 8.7% 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 Product (Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Artificial Lungs, Others), Further, the report is segmented on the basis of Method of Fixation (Implantable, Externally Worn). Additionally, the report is segmented on the basis of Technology (Electronic, Mechanical). 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 Artificial Organs 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.
Artificial Organs Market Segmentation
Product- Artificial Heart
- Artificial Kidney
- Artificial Liver
- Artificial Pancreas
- Artificial Lungs
- Others
- Implantable
- Externally Worn
- Electronic
- Mechanical
Strategic Insights
Artificial Organs Market Growth Drivers- Rising Technological Advancements: Current biotechnology and 3D printing are revolutionizing the artificial organs industry. Bio fabrication and stem cell studies have advanced to create more complex and functional organs which are more biocompatible and durable. This is not only making artificial organs more effective but also their applications are broadening, thus increasing the demand for them clinically and in the research labs.
- Increased Organ Transplant Shortages: The main driver in the artificial organs market is the increasing gap in demand for organ transplants and the availability of suitable donors. The growing chronic diseases are a challenge since there will be increased demand for organ replacement, thus creating an opportunity in the market. Artificial organs bridge the existing risks involving organ rejections and long queues for transplantations; hence, artificial organs promote market growth.
- Aging Population: Growing demand for artificial organs. The aging population of the world will further fuel this growing need for artificial organs. The risk of getting organ-related diseases increases with age, thus making replacement the only way to maintain a quality life. Artificial organs thus, in addition to helping meet health challenges, offer new avenues for the treatment of age-related diseases, which increases the market even further. This demographic shift is therefore important and underlines the urgent needs for solutions that are more advanced in healthcare.
- Shift Towards Personalized Medicine: The trends seen in artificial organs are more enhanced than ever due to the rise of personalized medicine. Through advances in genomics and biotechnology, it has become possible to produce artificial organs that are compatible with the patient’s own biology and health requirements. This added personalization has resulted in better outcomes, as there have been fewer complications and rejection rates. Patients will have an increasing need for custom-made artificial organs due to the continued development of health care and health services around the patients.
- Synergism of AI and Robotics: Artificial limbs implants market scope is also getting boosters in both functional and design aspects through the usage of artificial intelligence and robotics. An organ is enhanced and allows the monitoring of patient’s health through artificial intelligence systems, while enabling complex surgeries with the use of robot systems. This approach enhances the performance of artificial organs and how easy it is to implant and maintain them which maximizes the growth of the market.
- Collaboration in Regenerative Medicine: A good case of emerging partnerships is that between artificial organ developers and regenerative medicine investigators. “Tissue engineering age therapy suggests new approaches to organ system repair that synergistically combine both rehabilitation aspects,” developed repair and reconstruction methods of such organs that repair and reconstruct the damaged ones in a new way. Thanks to the combination of their marriage, a number of viable research and product development possibilities are being created in the area of use of artificial organs in health care systems.
- Expansion into Emerging Markets: Emerging economies are key market areas for artificial organs. With the developing health care infrastructure and improving per capita income, the appetite for sophisticated medical equipment and supplies, like artificial organs, is growing. With government and private sectors engaging in health care innovations, it is the best time for firms to roll out cheap versions of such markets, hence extending their global scope.
- Bioprinting Advancements: Recent developments in bioprinting technology have the potential to change the prospects of the artificial organs market dramatically. This method makes it possible to design and create very complex and functional architectural structures of biological tissues similar to natural organs. The evolution of bioprinting technology has other implications namely the possibility of designing and fabricating tissues and organs for individual patients, which reduces the chances of rejection improving the effectiveness of treatment and thus changes the game in organ replacement strategies.
- Regulatory Support and Funding: There is ample growth in opportunities thanks to variance in regulatory support and enhanced funding especially for research and development of artificial organs. Various governments and health institutions have come to understand the importance that artificial organs play in solving some of the most pressing health problems. Such support stimulates the speed of the innovation process and also activates the emergence of such relationships as public and private sponsorship of artificial organ technologies for the healthcare market in the course of their development and introduction.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Artificial Organs 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 Artificial Organs 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Asia Pacific region is the fastest growing in the market
Boston Scientific Corporation, Terumo Corporation, and Cochlear Ltd accounted for major market shares in the year 2023
Artificial Kidney segment dominates from the product segment
North America region accounted for the accounted for the highest market share
The Artificial Organs Market is estimated to witness a CAGR of 8.7% from 2023 to 2031
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Artificial Organs Market - By Product
1.3.2 Artificial Organs Market - By Method of Fixation
1.3.3 Artificial Organs Market - By Technology
1.3.4 Artificial Organs Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ARTIFICIAL ORGANS 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. ARTIFICIAL ORGANS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ARTIFICIAL ORGANS MARKET - GLOBAL MARKET ANALYSIS
6.1. ARTIFICIAL ORGANS - GLOBAL MARKET OVERVIEW
6.2. ARTIFICIAL ORGANS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ARTIFICIAL ORGANS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ARTIFICIAL HEART
7.3.1. Overview
7.3.2. Artificial Heart Market Forecast and Analysis
7.4. ARTIFICIAL KIDNEY
7.4.1. Overview
7.4.2. Artificial Kidney Market Forecast and Analysis
7.5. ARTIFICIAL LIVER
7.5.1. Overview
7.5.2. Artificial Liver Market Forecast and Analysis
7.6. ARTIFICIAL PANCREAS
7.6.1. Overview
7.6.2. Artificial Pancreas Market Forecast and Analysis
7.7. ARTIFICIAL LUNGS
7.7.1. Overview
7.7.2. Artificial Lungs Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. ARTIFICIAL ORGANS MARKET - REVENUE AND FORECASTS TO 2028 - METHOD OF FIXATION
8.1. OVERVIEW
8.2. METHOD OF FIXATION MARKET FORECASTS AND ANALYSIS
8.3. IMPLANTABLE
8.3.1. Overview
8.3.2. Implantable Market Forecast and Analysis
8.4. EXTERNALLY WORN
8.4.1. Overview
8.4.2. Externally Worn Market Forecast and Analysis
9. ARTIFICIAL ORGANS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. ELECTRONIC
9.3.1. Overview
9.3.2. Electronic Market Forecast and Analysis
9.4. MECHANICAL.
9.4.1. Overview
9.4.2. Mechanical. Market Forecast and Analysis
10. ARTIFICIAL ORGANS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Artificial Organs Market Overview
10.1.2 North America Artificial Organs Market Forecasts and Analysis
10.1.3 North America Artificial Organs Market Forecasts and Analysis - By Product
10.1.4 North America Artificial Organs Market Forecasts and Analysis - By Method of Fixation
10.1.5 North America Artificial Organs Market Forecasts and Analysis - By Technology
10.1.6 North America Artificial Organs Market Forecasts and Analysis - By Countries
10.1.6.1 United States Artificial Organs Market
10.1.6.1.1 United States Artificial Organs Market by Product
10.1.6.1.2 United States Artificial Organs Market by Method of Fixation
10.1.6.1.3 United States Artificial Organs Market by Technology
10.1.6.2 Canada Artificial Organs Market
10.1.6.2.1 Canada Artificial Organs Market by Product
10.1.6.2.2 Canada Artificial Organs Market by Method of Fixation
10.1.6.2.3 Canada Artificial Organs Market by Technology
10.1.6.3 Mexico Artificial Organs Market
10.1.6.3.1 Mexico Artificial Organs Market by Product
10.1.6.3.2 Mexico Artificial Organs Market by Method of Fixation
10.1.6.3.3 Mexico Artificial Organs Market by Technology
10.2. EUROPE
10.2.1 Europe Artificial Organs Market Overview
10.2.2 Europe Artificial Organs Market Forecasts and Analysis
10.2.3 Europe Artificial Organs Market Forecasts and Analysis - By Product
10.2.4 Europe Artificial Organs Market Forecasts and Analysis - By Method of Fixation
10.2.5 Europe Artificial Organs Market Forecasts and Analysis - By Technology
10.2.6 Europe Artificial Organs Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Artificial Organs Market
10.2.6.1.1 Germany Artificial Organs Market by Product
10.2.6.1.2 Germany Artificial Organs Market by Method of Fixation
10.2.6.1.3 Germany Artificial Organs Market by Technology
10.2.6.2 France Artificial Organs Market
10.2.6.2.1 France Artificial Organs Market by Product
10.2.6.2.2 France Artificial Organs Market by Method of Fixation
10.2.6.2.3 France Artificial Organs Market by Technology
10.2.6.3 Italy Artificial Organs Market
10.2.6.3.1 Italy Artificial Organs Market by Product
10.2.6.3.2 Italy Artificial Organs Market by Method of Fixation
10.2.6.3.3 Italy Artificial Organs Market by Technology
10.2.6.4 Spain Artificial Organs Market
10.2.6.4.1 Spain Artificial Organs Market by Product
10.2.6.4.2 Spain Artificial Organs Market by Method of Fixation
10.2.6.4.3 Spain Artificial Organs Market by Technology
10.2.6.5 United Kingdom Artificial Organs Market
10.2.6.5.1 United Kingdom Artificial Organs Market by Product
10.2.6.5.2 United Kingdom Artificial Organs Market by Method of Fixation
10.2.6.5.3 United Kingdom Artificial Organs Market by Technology
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Artificial Organs Market Overview
10.3.2 Asia-Pacific Artificial Organs Market Forecasts and Analysis
10.3.3 Asia-Pacific Artificial Organs Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Artificial Organs Market Forecasts and Analysis - By Method of Fixation
10.3.5 Asia-Pacific Artificial Organs Market Forecasts and Analysis - By Technology
10.3.6 Asia-Pacific Artificial Organs Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Artificial Organs Market
10.3.6.1.1 Australia Artificial Organs Market by Product
10.3.6.1.2 Australia Artificial Organs Market by Method of Fixation
10.3.6.1.3 Australia Artificial Organs Market by Technology
10.3.6.2 China Artificial Organs Market
10.3.6.2.1 China Artificial Organs Market by Product
10.3.6.2.2 China Artificial Organs Market by Method of Fixation
10.3.6.2.3 China Artificial Organs Market by Technology
10.3.6.3 India Artificial Organs Market
10.3.6.3.1 India Artificial Organs Market by Product
10.3.6.3.2 India Artificial Organs Market by Method of Fixation
10.3.6.3.3 India Artificial Organs Market by Technology
10.3.6.4 Japan Artificial Organs Market
10.3.6.4.1 Japan Artificial Organs Market by Product
10.3.6.4.2 Japan Artificial Organs Market by Method of Fixation
10.3.6.4.3 Japan Artificial Organs Market by Technology
10.3.6.5 South Korea Artificial Organs Market
10.3.6.5.1 South Korea Artificial Organs Market by Product
10.3.6.5.2 South Korea Artificial Organs Market by Method of Fixation
10.3.6.5.3 South Korea Artificial Organs Market by Technology
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Artificial Organs Market Overview
10.4.2 Middle East and Africa Artificial Organs Market Forecasts and Analysis
10.4.3 Middle East and Africa Artificial Organs Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Artificial Organs Market Forecasts and Analysis - By Method of Fixation
10.4.5 Middle East and Africa Artificial Organs Market Forecasts and Analysis - By Technology
10.4.6 Middle East and Africa Artificial Organs Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Artificial Organs Market
10.4.6.1.1 South Africa Artificial Organs Market by Product
10.4.6.1.2 South Africa Artificial Organs Market by Method of Fixation
10.4.6.1.3 South Africa Artificial Organs Market by Technology
10.4.6.2 Saudi Arabia Artificial Organs Market
10.4.6.2.1 Saudi Arabia Artificial Organs Market by Product
10.4.6.2.2 Saudi Arabia Artificial Organs Market by Method of Fixation
10.4.6.2.3 Saudi Arabia Artificial Organs Market by Technology
10.4.6.3 U.A.E Artificial Organs Market
10.4.6.3.1 U.A.E Artificial Organs Market by Product
10.4.6.3.2 U.A.E Artificial Organs Market by Method of Fixation
10.4.6.3.3 U.A.E Artificial Organs Market by Technology
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Artificial Organs Market Overview
10.5.2 South and Central America Artificial Organs Market Forecasts and Analysis
10.5.3 South and Central America Artificial Organs Market Forecasts and Analysis - By Product
10.5.4 South and Central America Artificial Organs Market Forecasts and Analysis - By Method of Fixation
10.5.5 South and Central America Artificial Organs Market Forecasts and Analysis - By Technology
10.5.6 South and Central America Artificial Organs Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Artificial Organs Market
10.5.6.1.1 Brazil Artificial Organs Market by Product
10.5.6.1.2 Brazil Artificial Organs Market by Method of Fixation
10.5.6.1.3 Brazil Artificial Organs Market by Technology
10.5.6.2 Argentina Artificial Organs Market
10.5.6.2.1 Argentina Artificial Organs Market by Product
10.5.6.2.2 Argentina Artificial Organs Market by Method of Fixation
10.5.6.2.3 Argentina Artificial Organs Market by Technology
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. ARTIFICIAL ORGANS MARKET, KEY COMPANY PROFILES
12.1. ORGANOVO HOLDINGS INC
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. BOSTON SCIENTIFIC CORPORATION
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. TERUMO CORPORATION
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. ABIOMED
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. HEARTWARE
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. COCHLEAR LTD
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. EDWARDS LIFESCIENCES 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. BERLIN HEART
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. ASAHI KASEI MEDICAL CO., LTD
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. THORATEC CORPORATION
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
- Organovo Holdings Inc
- Boston Scientific Corporation
- Terumo Corporation
- ABIOMED
- HeartWare
- Cochlear Ltd
- Edwards Lifesciences Corporation.
- Berlin Heart
- Asahi Kasei Medical Co., Ltd
- Thoratec Corporation
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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