Bed Monitoring System & Baby Monitoring System Market Scope - 2031
The Bed Monitoring System & Baby Monitoring System Market is expected to register a CAGR of 8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Baby Monitoring, Elderly Monitoring, Pressure Ulcer Monitoring, Sleep Monitoring). The report further presents analysis based on theEnd User (Homecare Settings, Hospitals, Nursing home, Assisted Living Facilities). 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 Bed Monitoring System & Baby Monitoring System 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.
Bed Monitoring System & Baby Monitoring System Market Segmentation
Type- BaMonitoring
- Elderly Monitoring
- Pressure Ulcer Monitoring
- Sleep Monitoring
- Homecare Settings
- Hospitals
- Nursing home
- Assisted Living Facilities
Strategic Insights
Bed Monitoring System & Baby Monitoring System Market Growth Drivers- Growing Focus on Patient Safety: Patient safety has been emerging as a significant challenge in health care organizations. There is a need to ensure patient safety through the use of bed monitoring systems, which track the movement of patients, prevention of accidents and falls, and their interventions.
Healthcare providers are being held responsible for promoting care and safety as more and more emphasis is now being given to it. This calls for investment in advanced monitoring technologies.
- High Birth Rates: Other driving factors in the market are high birth rates and rising infant care apprehensions. High birth rates mean that parents will look for alternatives that can ensure safety and health to their baby in the best way possible. This shifts demand to sophisticated baby monitors with more features such as real-time alerts, video feeds, and health tracking.
- Technological Advancements: Advances in technologies such as IoT integration and mobile applications are driving the growth of the bed and baby monitoring market. These systems offer real-time data and alerts from smart sensors and connected devices, thereby aiding better decision-making on safety by caregivers and parents, which would indirectly thrust the market forward.
- Changing Trends in Smart Monitoring Solutions: In bed and baby monitoring systems, the growth of the trend towards intelligent monitoring solutions is on the way. And now, devices get implemented with features that can be provided by means of smartphone connectivity, real-time alerts, and analytics into the very device. This development comes on the back of primary consumer preference for an integrated system that makes it much more user-friendly and gives a comprehensive view of health and safety.
- Adoption of Telehealth Solutions: Telehealth is also driving the bed and baby monitoring systems market. There is growing news on the activities of remote healthcare, which also requires growing demands for the devices that support the remote monitoring and sharing of data. This allows the provider to monitor a patient and a newborn baby in a better way, which increases care quality while lowering hospital visits.
- Growing Requirements for Data Security and Privacy: As the number of networked devices increases, data security and privacy are becoming the new challenge for monitoring systems. Increasing awareness of consumers and healthcare providers about potential breaches of data are making them more conscious towards its misuse. Thus, manufacturers are giving greater importance in the use of secure communication protocols and data security. That is what is happening with product development in the market.
- Diversification to Emerging Markets: Such companies have vast opportunities before them in terms of massive markets catering to tremendous growth in the significant bed and baby monitoring systems markets. Rising health infrastructures and disposable incomes increase demand for advanced monitoring solutions. Companies should exploit such opportunities by developing products that are tailored to the requirements of the regions under research.
- Multi-Functional Devices Development: An opportunity to make multifunctional monitoring devices, which can be designed and applied in infant and patient care. The right fit of proper factors, such as the relevance of heart rate monitoring, temperature alerts, and sleep tracking, will undoubtedly provide far-reaching solutions to a wide range of customers, and thus increase competition in the market.
- Increase R&D Spending: The investment in R&D in innovative monitoring solutions is relatively high in amount. The more technology, the better features could be improved with innovative connectivity and AI analytics. Therefore, it would be required to be competitive with others of a similar level and higher level competition, too, as the market would vary with shifting consumer demand.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bed Monitoring System & Baby Monitoring System 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 Bed Monitoring System & Baby Monitoring System 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
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to country scope.
Frequently Asked Questions
North America dominated the bed monitoring system & baby monitoring system market in 2023
The growing awareness of patient safety in healthcare facilities is driving the bed monitoring system & baby monitoring system market
Shift toward smart monitoring solutions is likely to remain the key trend during the forecast period
The bed monitoring system & baby monitoring system market majorly consists of players such as CenTrak, Early Sense, Eight Sleep, EMFIT among others
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The bed monitoring system & baby monitoring system market is estimated to grow with a CAGR of 8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bed Monitoring System And Baby Monitoring System Market - By Type
1.3.2 Bed Monitoring System And Baby Monitoring System Market - By End User
1.3.3 Bed Monitoring System And Baby Monitoring System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM 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. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM 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. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BABY MONITORING
7.3.1. Overview
7.3.2. Baby monitoring Market Forecast and Analysis
7.4. ELDERLY MONITORING
7.4.1. Overview
7.4.2. Elderly monitoring Market Forecast and Analysis
7.5. PRESSURE ULCER MONITORING
7.5.1. Overview
7.5.2. Pressure ulcer monitoring Market Forecast and Analysis
7.6. SLEEP MONITORING
7.6.1. Overview
7.6.2. Sleep monitoring Market Forecast and Analysis
8. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOMECARE SETTINGS
8.3.1. Overview
8.3.2. Homecare settings Market Forecast and Analysis
8.4. HOSPITALS
8.4.1. Overview
8.4.2. Hospitals Market Forecast and Analysis
8.5. NURSING HOME
8.5.1. Overview
8.5.2. Nursing home Market Forecast and Analysis
8.6. ASSISTED LIVING FACILITIES
8.6.1. Overview
8.6.2. Assisted living facilities Market Forecast and Analysis
9. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bed Monitoring System And Baby Monitoring System Market Overview
9.1.2 North America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis
9.1.3 North America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Type
9.1.4 North America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By End User
9.1.5 North America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Bed Monitoring System And Baby Monitoring System Market
9.1.5.1.1 United States Bed Monitoring System And Baby Monitoring System Market by Type
9.1.5.1.2 United States Bed Monitoring System And Baby Monitoring System Market by End User
9.1.5.2 Canada Bed Monitoring System And Baby Monitoring System Market
9.1.5.2.1 Canada Bed Monitoring System And Baby Monitoring System Market by Type
9.1.5.2.2 Canada Bed Monitoring System And Baby Monitoring System Market by End User
9.1.5.3 Mexico Bed Monitoring System And Baby Monitoring System Market
9.1.5.3.1 Mexico Bed Monitoring System And Baby Monitoring System Market by Type
9.1.5.3.2 Mexico Bed Monitoring System And Baby Monitoring System Market by End User
9.2. EUROPE
9.2.1 Europe Bed Monitoring System And Baby Monitoring System Market Overview
9.2.2 Europe Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis
9.2.3 Europe Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Type
9.2.4 Europe Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By End User
9.2.5 Europe Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bed Monitoring System And Baby Monitoring System Market
9.2.5.1.1 Germany Bed Monitoring System And Baby Monitoring System Market by Type
9.2.5.1.2 Germany Bed Monitoring System And Baby Monitoring System Market by End User
9.2.5.2 France Bed Monitoring System And Baby Monitoring System Market
9.2.5.2.1 France Bed Monitoring System And Baby Monitoring System Market by Type
9.2.5.2.2 France Bed Monitoring System And Baby Monitoring System Market by End User
9.2.5.3 Italy Bed Monitoring System And Baby Monitoring System Market
9.2.5.3.1 Italy Bed Monitoring System And Baby Monitoring System Market by Type
9.2.5.3.2 Italy Bed Monitoring System And Baby Monitoring System Market by End User
9.2.5.4 Spain Bed Monitoring System And Baby Monitoring System Market
9.2.5.4.1 Spain Bed Monitoring System And Baby Monitoring System Market by Type
9.2.5.4.2 Spain Bed Monitoring System And Baby Monitoring System Market by End User
9.2.5.5 United Kingdom Bed Monitoring System And Baby Monitoring System Market
9.2.5.5.1 United Kingdom Bed Monitoring System And Baby Monitoring System Market by Type
9.2.5.5.2 United Kingdom Bed Monitoring System And Baby Monitoring System Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bed Monitoring System And Baby Monitoring System Market Overview
9.3.2 Asia-Pacific Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis
9.3.3 Asia-Pacific Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bed Monitoring System And Baby Monitoring System Market
9.3.5.1.1 Australia Bed Monitoring System And Baby Monitoring System Market by Type
9.3.5.1.2 Australia Bed Monitoring System And Baby Monitoring System Market by End User
9.3.5.2 China Bed Monitoring System And Baby Monitoring System Market
9.3.5.2.1 China Bed Monitoring System And Baby Monitoring System Market by Type
9.3.5.2.2 China Bed Monitoring System And Baby Monitoring System Market by End User
9.3.5.3 India Bed Monitoring System And Baby Monitoring System Market
9.3.5.3.1 India Bed Monitoring System And Baby Monitoring System Market by Type
9.3.5.3.2 India Bed Monitoring System And Baby Monitoring System Market by End User
9.3.5.4 Japan Bed Monitoring System And Baby Monitoring System Market
9.3.5.4.1 Japan Bed Monitoring System And Baby Monitoring System Market by Type
9.3.5.4.2 Japan Bed Monitoring System And Baby Monitoring System Market by End User
9.3.5.5 South Korea Bed Monitoring System And Baby Monitoring System Market
9.3.5.5.1 South Korea Bed Monitoring System And Baby Monitoring System Market by Type
9.3.5.5.2 South Korea Bed Monitoring System And Baby Monitoring System Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bed Monitoring System And Baby Monitoring System Market Overview
9.4.2 Middle East and Africa Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis
9.4.3 Middle East and Africa Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bed Monitoring System And Baby Monitoring System Market
9.4.5.1.1 South Africa Bed Monitoring System And Baby Monitoring System Market by Type
9.4.5.1.2 South Africa Bed Monitoring System And Baby Monitoring System Market by End User
9.4.5.2 Saudi Arabia Bed Monitoring System And Baby Monitoring System Market
9.4.5.2.1 Saudi Arabia Bed Monitoring System And Baby Monitoring System Market by Type
9.4.5.2.2 Saudi Arabia Bed Monitoring System And Baby Monitoring System Market by End User
9.4.5.3 U.A.E Bed Monitoring System And Baby Monitoring System Market
9.4.5.3.1 U.A.E Bed Monitoring System And Baby Monitoring System Market by Type
9.4.5.3.2 U.A.E Bed Monitoring System And Baby Monitoring System Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bed Monitoring System And Baby Monitoring System Market Overview
9.5.2 South and Central America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis
9.5.3 South and Central America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Type
9.5.4 South and Central America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By End User
9.5.5 South and Central America Bed Monitoring System And Baby Monitoring System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bed Monitoring System And Baby Monitoring System Market
9.5.5.1.1 Brazil Bed Monitoring System And Baby Monitoring System Market by Type
9.5.5.1.2 Brazil Bed Monitoring System And Baby Monitoring System Market by End User
9.5.5.2 Argentina Bed Monitoring System And Baby Monitoring System Market
9.5.5.2.1 Argentina Bed Monitoring System And Baby Monitoring System Market by Type
9.5.5.2.2 Argentina Bed Monitoring System And Baby Monitoring System Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BED MONITORING SYSTEM AND BABY MONITORING SYSTEM MARKET, KEY COMPANY PROFILES
11.1. CENTRAK
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EARLY SENSE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EIGHT SLEEP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EMFIT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LENOVO GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SANO INTELLIGENCE INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SLEEP NUMBER CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SMART CAREGIVER CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TEKSCAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WELLSENSE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. CenTrak
2. Early Sense
3. Eight Sleep
4. EMFIT
5. Lenovo Group
6. Sano Intelligence Inc.
7. Sleep Number Corporation
8. Smart Caregiver Corporation
9. Tekscan
10. Wellsense
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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