Axial Bone Densitometer Market Size & CAGR (2023-2031)
The Axial Bone Densitometer Market is expected to register a CAGR of 6.4% 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 (Dual Energy X-ray Absorptiometry (DEXA), Quantitative Computed Tomography (QCT), Others). The report is segmented by End User (Hospitals, Orthopedic Centers, 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 Axial Bone Densitometer 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.
Axial Bone Densitometer Market Segmentation
Type- Dual Energy X-ray Absorptiometry
- Hospitals
- Orthopedic Centers
- Others
Strategic Insights
Axial Bone Densitometer Market Growth Drivers- Escalating Incidence of Osteoporosis and Bone Related Disorders: Osteoporosis and other bone diseases are becoming more widespread than in the past, especially among the elderly. The growing concern for aged population globally has contributed to the rise in the cases of osteoporosis, osteopenia and fractures’ incidences in the developing nations. This is an indication of significant advancement for axial bone densitometry machines since they are of great importance in the diagnosis and management of preventing such illnesses in the at risk individuals. Moreover, early diagnosis using axial bone densitometry assists a repositioning of the douse of method for age related fractures to improve the treatment regime and therefore the quality of life hence and devices such due to this purpose are in high demand.
- Increasing awareness of health and preventive healthcare: Healthcare and wellness being increasingly emphasized over other aspects, people have grown conscious of bone health, especially for seniors. People are more proactive in seeking preventive care that drives up the demand for diagnostic tools like a bone densitometer. It has essentially become a routine check-up procedure since it can detect early signs of bone loss, which is a critical area of concern among high-risk groups. This trend is being spurred by public health initiatives and ready access to diagnostic services at hospitals and clinics, both of which are driving further growth for the market.
- Technological Advancements in Bone Densitometry: Recent advancements in bone densitometer technology with improvement in imaging techniques, increased precision, and other related areas have greatly made axial bone densitometers more appealing. Modern devices produce results faster compared to the previous models with higher precision and less exposure to radiation. Investigations of the skeletal system have been made much more convenient for the medical practitioners particularly in private clinics, and/or remote locations where DXA machines do not exist, thanks to innovations such as the introduction of dual-energy X-ray absorptiometry (DXA) for higher sensitivity and the creation of portable bone densitometers. They redefine the market of bone densitometers.
- Making Changes to Point-of-Care Solutions: These days, there is a growing trend in the axial bone densitometer market towards the introduction of point-of-care diagnostics. Earlier on, bone density tests would either be done at the hospital or at a bone density specialized center. However, due to inventions and creativity in technology, densitometers are being made purposefully to be portable and quite small in size so that they can be used in outpatient clinics or even at the patient’s home. This change helps shorten the distance and the time the patient requires to be able to get access and treatment thereby facilitating market penetration.
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): Other potent market trends included in devices for bone densitometry include applications based on artificial intelligence and machine learning. These processes help in enhancing the analysis of bone density by using AI and ML algorithms, thus helping to yield more reliable and faster results than was previously possible. Technologically, AI and ML make it possible to better interpret results obtained, identifying certain risks in bone health much earlier and with greater accuracy. Probably, in the future, AI is going to contribute an optimization of bone density testing and diagnosis.
- Expansion in Emerging Markets: Improving healthcare infrastructure and an increasing consciousness of bone health in emerging markets such as Asia Pacific, Latin America, and the Middle East are driving axial bone densitometers. The governments of these regions are investing in modern healthcare technologies, including diagnostic equipment such as bone densitometers, to combat rising healthcare challenges due to growing aging populations. Resulting from this, these markets will be most contributive to the axial bone densitometer market in the years to come.
- Rising Demand for Timely Detection and Preventive Medical Care Services: Backed by evidence based practice/protocols, the approaches of the health care systems became oriented towards the provision of health care in advance and the earlier the illness is diagnosed the better. As a result, there is a need for more bone densitometry scans that are able to screen for underlying osteoporosis and other diseases at their early stages. This opens a significant opportunity for axial bone densitometer manufacturers who can address both the diagnostic and preventive healthcare markets. Early detection of problems with bones leads to better outcomes, thus offering growth potential for established and new market entrants.
- Geriatric population growth and aging workforce: Global trend toward aging population: The trend is expected to create sustained demand for bone health monitoring. More persons are living longer and are at greater risk of being afflicted with osteoporosis, fractures, and other bone: related conditions. In addition, the demographic trend of an old workforce in several countries will require health assessments in the workplace which would contribute to the upsurge in the demand for axial bone densitometry devices. These pros are for the companies that can even widen the scope of their product range and cater to such specific population.
- Growing Acceptance of Home Healthcare Solutions: With the rising trend of home healthcare, reaping the benefits of telemedicine for instance, such trends open chances to invent and market axial home: use bone densitometers. Deviations intended for home use capable of providing quantitative measurements requiring only minimal professional interference could capture a large part of this market, particularly among senior citizens who cannot travel to health care facilities. Companies could capitalize on this trend by developing relatively inexpensive portable bone densitometers for home diagnostics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Axial Bone Densitometer 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 Axial Bone Densitometer 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
Players operating in the market are BeamMed, CompuMed, CooperSurgical, Diagnostic Medical Systems, GE Healthcare, Lone Oak Medical Technologies, Osteometer MediTech, Hologic, DMS, Swissray
Hospitals segment, by end user, dominated the market in 2023.
North America region dominated the Axial Bone Densitometer market in 2023.
Rising Demand for Timely Detection and Preventive Medical Care Services act as a opportunity for growth of the market in forecast period.
The Axial Bone Densitometer Market is estimated to witness a CAGR of 6.4% from 202#to 2031
The major factors driving the Axial Bone Densitometer market are:
1. Escalating Incidence of Osteoporosis and Bone Related Disorders
2. Increasing awareness of health and preventive healthcare
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Axial Bone Densitometer Market - By Type
1.3.2 Axial Bone Densitometer Market - By End User
1.3.3 Axial Bone Densitometer Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AXIAL BONE DENSITOMETER 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. AXIAL BONE DENSITOMETER 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. AXIAL BONE DENSITOMETER MARKET - GLOBAL MARKET ANALYSIS
6.1. AXIAL BONE DENSITOMETER - GLOBAL MARKET OVERVIEW
6.2. AXIAL BONE DENSITOMETER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AXIAL BONE DENSITOMETER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DUAL ENERGY X-RAY ABSORPTIOMETRY (DEXA)
7.3.1. Overview
7.3.2. Dual Energy X-ray Absorptiometry (DEXA) Market Forecast and Analysis
7.4. QUANTITATIVE COMPUTED TOMOGRAPHY (QCT)
7.4.1. Overview
7.4.2. Quantitative Computed Tomography (QCT) Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. AXIAL BONE DENSITOMETER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. ORTHOPEDIC CENTERS
8.4.1. Overview
8.4.2. Orthopedic Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. AXIAL BONE DENSITOMETER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Axial Bone Densitometer Market Overview
9.1.2 North America Axial Bone Densitometer Market Forecasts and Analysis
9.1.3 North America Axial Bone Densitometer Market Forecasts and Analysis - By Type
9.1.4 North America Axial Bone Densitometer Market Forecasts and Analysis - By End User
9.1.5 North America Axial Bone Densitometer Market Forecasts and Analysis - By Countries
9.1.5.1 United States Axial Bone Densitometer Market
9.1.5.1.1 United States Axial Bone Densitometer Market by Type
9.1.5.1.2 United States Axial Bone Densitometer Market by End User
9.1.5.2 Canada Axial Bone Densitometer Market
9.1.5.2.1 Canada Axial Bone Densitometer Market by Type
9.1.5.2.2 Canada Axial Bone Densitometer Market by End User
9.1.5.3 Mexico Axial Bone Densitometer Market
9.1.5.3.1 Mexico Axial Bone Densitometer Market by Type
9.1.5.3.2 Mexico Axial Bone Densitometer Market by End User
9.2. EUROPE
9.2.1 Europe Axial Bone Densitometer Market Overview
9.2.2 Europe Axial Bone Densitometer Market Forecasts and Analysis
9.2.3 Europe Axial Bone Densitometer Market Forecasts and Analysis - By Type
9.2.4 Europe Axial Bone Densitometer Market Forecasts and Analysis - By End User
9.2.5 Europe Axial Bone Densitometer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Axial Bone Densitometer Market
9.2.5.1.1 Germany Axial Bone Densitometer Market by Type
9.2.5.1.2 Germany Axial Bone Densitometer Market by End User
9.2.5.2 France Axial Bone Densitometer Market
9.2.5.2.1 France Axial Bone Densitometer Market by Type
9.2.5.2.2 France Axial Bone Densitometer Market by End User
9.2.5.3 Italy Axial Bone Densitometer Market
9.2.5.3.1 Italy Axial Bone Densitometer Market by Type
9.2.5.3.2 Italy Axial Bone Densitometer Market by End User
9.2.5.4 Spain Axial Bone Densitometer Market
9.2.5.4.1 Spain Axial Bone Densitometer Market by Type
9.2.5.4.2 Spain Axial Bone Densitometer Market by End User
9.2.5.5 United Kingdom Axial Bone Densitometer Market
9.2.5.5.1 United Kingdom Axial Bone Densitometer Market by Type
9.2.5.5.2 United Kingdom Axial Bone Densitometer Market by End User
9.2.5.6 Rest of Europe Axial Bone Densitometer Market
9.2.5.6.1 Rest of Europe Axial Bone Densitometer Market by Type
9.2.5.6.2 Rest of Europe Axial Bone Densitometer Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Axial Bone Densitometer Market Overview
9.3.2 Asia-Pacific Axial Bone Densitometer Market Forecasts and Analysis
9.3.3 Asia-Pacific Axial Bone Densitometer Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Axial Bone Densitometer Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Axial Bone Densitometer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Axial Bone Densitometer Market
9.3.5.1.1 Australia Axial Bone Densitometer Market by Type
9.3.5.1.2 Australia Axial Bone Densitometer Market by End User
9.3.5.2 China Axial Bone Densitometer Market
9.3.5.2.1 China Axial Bone Densitometer Market by Type
9.3.5.2.2 China Axial Bone Densitometer Market by End User
9.3.5.3 India Axial Bone Densitometer Market
9.3.5.3.1 India Axial Bone Densitometer Market by Type
9.3.5.3.2 India Axial Bone Densitometer Market by End User
9.3.5.4 Japan Axial Bone Densitometer Market
9.3.5.4.1 Japan Axial Bone Densitometer Market by Type
9.3.5.4.2 Japan Axial Bone Densitometer Market by End User
9.3.5.5 South Korea Axial Bone Densitometer Market
9.3.5.5.1 South Korea Axial Bone Densitometer Market by Type
9.3.5.5.2 South Korea Axial Bone Densitometer Market by End User
9.3.5.6 Rest of Asia-Pacific Axial Bone Densitometer Market
9.3.5.6.1 Rest of Asia-Pacific Axial Bone Densitometer Market by Type
9.3.5.6.2 Rest of Asia-Pacific Axial Bone Densitometer Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Axial Bone Densitometer Market Overview
9.4.2 Middle East and Africa Axial Bone Densitometer Market Forecasts and Analysis
9.4.3 Middle East and Africa Axial Bone Densitometer Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Axial Bone Densitometer Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Axial Bone Densitometer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Axial Bone Densitometer Market
9.4.5.1.1 South Africa Axial Bone Densitometer Market by Type
9.4.5.1.2 South Africa Axial Bone Densitometer Market by End User
9.4.5.2 Saudi Arabia Axial Bone Densitometer Market
9.4.5.2.1 Saudi Arabia Axial Bone Densitometer Market by Type
9.4.5.2.2 Saudi Arabia Axial Bone Densitometer Market by End User
9.4.5.3 U.A.E Axial Bone Densitometer Market
9.4.5.3.1 U.A.E Axial Bone Densitometer Market by Type
9.4.5.3.2 U.A.E Axial Bone Densitometer Market by End User
9.4.5.4 Rest of Middle East and Africa Axial Bone Densitometer Market
9.4.5.4.1 Rest of Middle East and Africa Axial Bone Densitometer Market by Type
9.4.5.4.2 Rest of Middle East and Africa Axial Bone Densitometer Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Axial Bone Densitometer Market Overview
9.5.2 South and Central America Axial Bone Densitometer Market Forecasts and Analysis
9.5.3 South and Central America Axial Bone Densitometer Market Forecasts and Analysis - By Type
9.5.4 South and Central America Axial Bone Densitometer Market Forecasts and Analysis - By End User
9.5.5 South and Central America Axial Bone Densitometer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Axial Bone Densitometer Market
9.5.5.1.1 Brazil Axial Bone Densitometer Market by Type
9.5.5.1.2 Brazil Axial Bone Densitometer Market by End User
9.5.5.2 Argentina Axial Bone Densitometer Market
9.5.5.2.1 Argentina Axial Bone Densitometer Market by Type
9.5.5.2.2 Argentina Axial Bone Densitometer Market by End User
9.5.5.3 Rest of South and Central America Axial Bone Densitometer Market
9.5.5.3.1 Rest of South and Central America Axial Bone Densitometer Market by Type
9.5.5.3.2 Rest of South and Central America Axial Bone Densitometer Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL AXIAL BONE DENSITOMETER 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. AXIAL BONE DENSITOMETER MARKET, KEY COMPANY PROFILES
12.1. BEAMMED
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. COMPUMED
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. COOPER SURGICAL
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. DIAGNOSTIC MEDICAL SYSTEMS
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. GE HEALTHCARE
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. LONE OAK MEDICAL TECHNOLOGIES
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. OSTEOMETER MEDITECH
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. HOLOGIC
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. DMS
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. SWISSRAY
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. BeamMed
2. CompuMed
3. CooperSurgical
4. Diagnostic Medical Systems
5. GE Healthcare
6. Lone Oak Medical Technologies
7. Osteometer MediTech
8. Hologic
9. DMS
10. Swissray
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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