Asia Pacific Hospital Mobile X-ray Market to Grow at a CAGR of 10.7% to reach US$ 723.4 million from 2020 to 2027
The hospital mobile x-ray market in Asia Pacific is expected to grow from US$ 322.5 million in 2019 to US$ 723.4 million by 2027; it is estimated to grow at a CAGR of 10.7% from 2020 to 2027.
Early diagnosis of disease helps the medical professionals and patients to comprehend health conditions, which enable them to take various important medical decisions in terms of care, financial support, and legal matters. Moreover, early diagnosis offers benefits such as reversal of symptoms; effective, quick, and early treatment of the patient; and time for better decision making. X-ray imaging is one of the effective and popularly practiced imaging techniques for the diagnosis of diseases, such as neurological disorders, musculoskeletal diseases, cancer, and cardiovascular disorders. The increasing awareness among populace regarding the importance of early disease detection is a major factor driving the growth of hospital mobile X-ray market
COVID-19 outbreak is expected to have short- and long-term impact in the region. Domestic startups backed by international funding have already started witnessing back out from investors putting the development of the products in jeopardy. However, academic centers and research institutes in the region are engaged in leveraging the existing capabilities of diagnostic systems to fight against viral outbreaks such as COVID-19. Moreover, majority of the governments in the region are investing heavy amounts for development of modern imaging systems. For instance, in April 2020, China-based AI firm iFlytek announced entered in strategic collaboration with Chinese Academy of Sciences to work on AI-based COVID-19 diagnosis. In this research, the partnership is focusing on development CT scanners which will incorporate intelligent algorithms for detection of viral infection. In addition, the companies are engaged in the development of advanced X-ray machines to deal with coronavirus. For instance, in July 2020, Bengaluru (India) based company ITIE Knowledge Solutions introduced a portable digital X-ray machine for the diagnosis of coronavirus. The company has designed this new system in collaboration with HDT, a South Korea based company. This newly designed system incorporates artificial intelligence technology and allows physicians to understand and diagnose coronavirus infection. These factors are expected to have positive impact on the market by certain extent.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the hospital mobile x-ray market. The Asia Pacific hospital mobile x-ray market is expected to grow at a good CAGR during the forecast period.
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Asia Pacific Hospital Mobile X-ray Market Segmentation
By Technology
- Computed Radiography
- Direct Radiography
By Configuration
- Fixed Arm
- Rotating Arm
By Ward
- Operating Theatres
- Emergency Departments
- ICU and Neonatal ICU (Intensive Care Units)
- Central X-Ray Departments
- Premature Birth Wards
- Others
By Country
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Agfa-Gevaert Group
- SEDECAL
- Koninklijke Philips N.V.
- DMS Imaging
- Carestream Health Inc.
- DELFT IMAGING
- OR Technology
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Configuration, Ward
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Hospital Mobile X-ray Market – By Technology
1.3.2 Hospital Mobile X-ray Market – By Configuration
1.3.3 Hospital Mobile X-ray Market – By Ward
1.3.4 Asia Pacific Hospital Mobile X-ray Market – By Country
2. Asia Pacific Hospital Mobile X-ray Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Hospital Mobile X-ray Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Hospital Mobile X-ray Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Hospital Mobile X-ray Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Awareness About Early Diagnosis and Increasing Prevalence of Chronic Conditions
5.1.2 Better Patient Experience
5.2 Market Restraints
5.2.1 Poor Reimbursement for Diagnostic Equipment
5.3 Market Opportunities
5.3.1 Rising Numbers of Hospitals and Diagnostics Centers
5.4 Future Trends
5.4.1 Integration of Advanced Algorithms for Superior Imaging
5.5 Impact Analysis
6. Hospital Mobile X-ray Market – Asia Pacific Analysis
6.1 Asia Pacific Hospital Mobile X-ray Market Revenue Forecasts and Analysis
7. Asia Pacific Hospital Mobile X-ray Market Analysis and Forecasts To 2027 – By Technology
7.1 Overview
7.2 Hospital Mobile X-ray Market Revenue Share, by Technology (2019 and 2027)
7.3 Computed Radiography
7.3.1 Overview
7.3.2 Computed Radiography: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
7.3.3 Computed Radiography: Hospital Mobile X-ray Market – Volume and Forecast to 2027 (Units)
7.4 Direct Radiography
7.4.1 Overview
7.4.2 Direct Radiography: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
7.4.3 Direct Radiography: Hospital Mobile X-ray Market – Volume and Forecast to 2027 (Units)
8. Asia Pacific Hospital Mobile X-ray Market Analysis and Forecasts To 2027 – By Configuration
8.1 Overview
8.2 Hospital Mobile X-ray Market Revenue Share, by Configuration (2019 and 2027)
8.3 Fixed Arm
8.3.1 Overview
8.3.2 Fixed Arm: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Rotating Arm
8.4.1 Overview
8.4.2 Rotating Arm: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Hospital Mobile X-ray Market Analysis and Forecasts to 2027– By Ward
9.1 Overview
9.2 Hospital Mobile X-ray Market Share, by Ward, 2019 and 2027, (%)
9.3 Operating Theatres
9.3.1 Overview
9.3.2 Operating Theatres: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9.4 ICU and Neonatal ICU (Intensive Care Units)
9.4.1 Overview
9.4.2 ICU and Neonatal ICU (Intensive Care Units): Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Central X-Ray Departments
9.5.1 Overview
9.5.2 Central X-Ray Departments: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Emergency Departments
9.6.1 Overview
9.6.2 Emergency Departments: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Premature Birth Wards
9.7.1 Overview
9.7.2 Premature Birth Wards: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
10. Hospital Mobile X-ray Market Revenue and Forecasts to 2027 – Geographical Analysis
10.1 Asia Pacific: Hospital Mobile X-Ray Market
10.1.1 Overview
10.1.2 Asia Pacific: Hospital Mobile X-Ray Market, by Country, 2019 & 2027 (%)
10.1.3 China: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.1 China: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2 China: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.3.3 China: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.3.4 China: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
10.1.3.5 China: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
10.1.4 Japan: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.4.1 Japan: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.4.2 Japan: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.4.3 Japan: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.4.4 Japan: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
10.1.4.5 Japan: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
10.1.5 India: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.5.1 India: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.5.2 India: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.5.3 India: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.5.4 India: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
10.1.5.5 India: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
10.1.6 South Korea: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.1 South Korea: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.6.2 South Korea: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.6.3 South Korea: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.6.4 South Korea: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
10.1.6.5 South Korea: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
10.1.7 Australia: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Australia: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Australia: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.7.3 Australia: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.7.4 Australia: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
10.1.7.5 Australia: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
10.1.8 Rest of Asia-Pacific: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Rest of Asia-Pacific: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Technology, 2018–2027 (USD Million)
10.1.8.3 Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
10.1.8.4 Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027(USD Million)
10.1.8.5 Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Asia Pacific Hospital Mobile X-ray Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Organic and Inorganic Developments
12.2.1 Overview
13. COMPANY PROFILES
13.1 Agfa-Gevaert Group
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 SEDECAL
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Koninklijke Philips N.V.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DMS Imaging
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Carestream Health Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 DELFT IMAGING
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 OR Technology
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 2. China: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 3. China: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 4. China: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 5. Japan Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 6. Japan: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 7. Japan: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 8. Japan: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 9. India Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 10. India: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 11. India: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 12. India: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 13. South Korea Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 15. South Korea: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 17. Australia Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 18. Australia: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 19. Australia: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 20. Australia: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 21. Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Technology – Revenue and Forecast to 2027 (USD Million)
Table 22. Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Technology – Volume and Forecast to 2027 (Units)
Table 23. Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Configuration – Revenue and Forecast to 2027 (USD Million)
Table 24. Rest of Asia-Pacific: Hospital Mobile X-Ray Market, by Ward – Revenue and Forecast to 2027 (USD Million)
Table 25. Organic and Inorganic Developments Done By Companies
Table 26. Glossary of Terms, Hospital Mobile X-ray Market
LIST OF FIGURES
Figure 1. Hospital Mobile X-ray Market Segmentation
Figure 2. Asia Pacific Hospital Mobile X-ray Market Overview
Figure 3. Computed Radiography Segment Held Largest Share of Technology in Hospital Mobile X-ray Market
Figure 4. Fixed Arm Segment Held Largest Share of Configuration in Hospital Mobile X-ray Market
Figure 5. Japan is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Hospital Mobile X-ray Market - Asia Pacific PEST Analysis
Figure 7. Hospital Mobile X-ray Market Impact Analysis of Driver and Restraints
Figure 8. Asia Pacific Hospital Mobile X-ray Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Hospital Mobile X-ray Market Revenue Share, by Technology (2019 and 2027)
Figure 10. Computed Radiography: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Computed Radiography: Hospital Mobile X-ray Market – Volume and Forecast to 2027 (Units)
Figure 12. Direct Radiography: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Direct Radiography: Hospital Mobile X-ray Market – Volume and Forecast to 2027 (Units)
Figure 14. Hospital Mobile X-ray Market Revenue Share, by Configuration (2019 and 2027)
Figure 15. Fixed Arm: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Rotating Arm: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Hospital Mobile X-ray Market Share, by Ward, 2019 and 2027 (%)
Figure 18. Operating Theatres: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. ICU and neonatal ICU (Intensive Care Units): Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Central X-Ray Departments: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Emergency Departments: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Premature Birth Wards: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Hospital Mobile X-ray Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Asia Pacific: Hospital Mobile X-Ray Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Asia Pacific: Hospital Mobile X-Ray Market, by Country, 2019 & 2027 (%)
Figure 26. China: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Japan: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. India: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 29. South Korea: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Australia: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Rest of Asia-Pacific: Hospital Mobile X-Ray Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Agfa-Gevaert Group
- SEDECAL
- Koninklijke Philips N.V.
- DMS Imaging
- Carestream Health Inc.
- DELFT IMAGING
- OR Technology
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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