Blood Glucose Monitoring Devices Market Key Players, Opportunities, and Growth Forecast by 2031

Coverage: Blood Glucose Monitoring Devices Market covers analysis By Product (Self-Monitoring Devices, Continuous Blood Glucose Monitoring Devices); End User (Hospitals, Home care, Diagnostic centers) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021559
  • Category : Life Sciences
  • No. of Pages : 150
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Blood Glucose Monitoring Devices Market Growth Report 2021 to 2031

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The Blood Glucose Monitoring Devices Market is expected to register a CAGR of 9.2% 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 (Self-Monitoring Devices, Continuous Blood Glucose Monitoring Devices). Futher, it is segmented based on End User (Hospitals, Home care, Diagnostic Centers). 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 Report

The report Blood Glucose Monitoring Devices 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.

Blood Glucose Monitoring Devices Market Segmentation

Product
  • Self-Monitoring Devices
  • Continuous Blood Glucose Monitoring Devices
End User
  • Hospitals
  • Home care
  • Diagnostic Centers

Strategic Insights

Blood Glucose Monitoring Devices Market Growth Drivers
  • Rising Prevalence of Diabetes: Because the prevalence of diabetes is on the rise, especially due to sedentary lifestyles and poor eating habits, patients are requiring more effective blood glucose monitoring devices. This emerging need creates an expectation for innovative solutions to assist patients in managing their condition.
  • Increased Health Awareness: There has been an increase in diabetes awareness and management and regular glucose monitoring towards the consumers purchasing dependable glucose monitoring devices. Such factors are also influenced by the education campaigns and programs undertaken by the health care providers.
  • Technological Advancements: The never-ending growth of technology, for instance, the invention of CGM systems and integration of smart devices, has improved the experience and precision of users. These enhancements are making it easier and more interesting to keep track of things, thus facilitating the growth of the market.
Blood Glucose Monitoring Devices Market Future Trends
  • Increasing Wearable Technology: Wearable technology is transforming blood glucose monitoring. Those wearables that can be used discreetly and non-stop are gaining popularity as they provide immediate glucose values and compliance to monitoring protocols.
  • Trend Towards Personalized Diabetes Management: It is switching towards personalized diabetes management, such as with devices providing customized suggestions based on individual user data. This ensures optimal efficacy of treatment and enables a patient to manage their health more effectively.
  • Remote Patient Monitoring: Remote patient monitoring has been gaining pace after the pandemic. Blood glucose monitors allowing practitioners to conduct telehealth consultations while pulling in patient data from virtually anywhere are becoming the root of diabetes treatments.
Blood Glucose Monitoring Devices Market Opportunities
  • Government Initiatives and Support: Various government initiatives, such as the betterment of diabetes care and management, provide impetus to the growth in the market. Subsidies, reimbursement policies, and public health programs regarding prevention and management of diabetes encourage blood glucose monitoring devices.
  • Preventive Healthcare Will Create More Demand for Blood Glucose Monitoring Devices: Prevention of diseases is gaining popularity, thus advocating for blood glucose monitoring devices that will support the early detection and control of diabetics. Therefore, as an aspect of this, players in the market can create educational aids and appliances that aim to encourage consumers to take care of their health.
  • Development of Non-Invasive Monitoring Solutions: This is more obvious with regard to non-invasive blood glucose monitoring solutions. Putting resources into research and development can also be a strategy to come up with the new painless devices for monitoring in this case an irresistible offer to the consumers who are always on the lookout for easy to use and more importantly comfortable devices.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Blood Glucose Monitoring Devices 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 Blood Glucose Monitoring Devices 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
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which are the major driver boosting the blood glucose monitoring devices market growth?

The major factors driving the blood glucose monitoring devices market are:

1. Rising Prevalence of Diabetes.

2. Increased Health Awareness.

At what CAGR the blood glucose monitoring devices market is projected to grow?

The blood glucose monitoring devices market is expected to grow at a CAGR of 9.2%.

Which region accounts for highest revenue share in blood glucose monitoring devices market?

North America region accounts for highest revenue share in blood glucose monitoring devices market.

What years does this blood glucose monitoring devices market cover?

The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).

Which is the fastest growing region in blood glucose monitoring devices market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).

Who are the prominent players in blood glucose monitoring devices market?

Abbott Laboratories, Medtronic, and Bayer AG are the major companies operating in the blood glucose monitoring devices market.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Blood Glucose Monitoring Devices Market - By Product
1.3.2 Blood Glucose Monitoring Devices Market - By End User
1.3.3 Blood Glucose Monitoring Devices Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. BLOOD GLUCOSE MONITORING DEVICES 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. BLOOD GLUCOSE MONITORING DEVICES 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. BLOOD GLUCOSE MONITORING DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOOD GLUCOSE MONITORING DEVICES - GLOBAL MARKET OVERVIEW
6.2. BLOOD GLUCOSE MONITORING DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. BLOOD GLUCOSE MONITORING DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SELF-MONITORING DEVICES
7.3.1. Overview
7.3.2. Self-Monitoring Devices Market Forecast and Analysis
7.4. CONTINUOUS BLOOD GLUCOSE MONITORING DEVICES
7.4.1. Overview
7.4.2. Continuous Blood Glucose Monitoring Devices Market Forecast and Analysis
8. BLOOD GLUCOSE MONITORING DEVICES 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. HOME CARE
8.4.1. Overview
8.4.2. Home care Market Forecast and Analysis
8.5. DIAGNOSTIC CENTERS
8.5.1. Overview
8.5.2. Diagnostic centers Market Forecast and Analysis

9. BLOOD GLUCOSE MONITORING DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Blood Glucose Monitoring Devices Market Overview
9.1.2 North America Blood Glucose Monitoring Devices Market Forecasts and Analysis
9.1.3 North America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Product
9.1.4 North America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By End User
9.1.5 North America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Blood Glucose Monitoring Devices Market
9.1.5.1.1 United States Blood Glucose Monitoring Devices Market by Product
9.1.5.1.2 United States Blood Glucose Monitoring Devices Market by End User
9.1.5.2 Canada Blood Glucose Monitoring Devices Market
9.1.5.2.1 Canada Blood Glucose Monitoring Devices Market by Product
9.1.5.2.2 Canada Blood Glucose Monitoring Devices Market by End User
9.1.5.3 Mexico Blood Glucose Monitoring Devices Market
9.1.5.3.1 Mexico Blood Glucose Monitoring Devices Market by Product
9.1.5.3.2 Mexico Blood Glucose Monitoring Devices Market by End User
9.2. EUROPE
9.2.1 Europe Blood Glucose Monitoring Devices Market Overview
9.2.2 Europe Blood Glucose Monitoring Devices Market Forecasts and Analysis
9.2.3 Europe Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Blood Glucose Monitoring Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Blood Glucose Monitoring Devices Market
9.2.5.1.1 Germany Blood Glucose Monitoring Devices Market by Product
9.2.5.1.2 Germany Blood Glucose Monitoring Devices Market by End User
9.2.5.2 France Blood Glucose Monitoring Devices Market
9.2.5.2.1 France Blood Glucose Monitoring Devices Market by Product
9.2.5.2.2 France Blood Glucose Monitoring Devices Market by End User
9.2.5.3 Italy Blood Glucose Monitoring Devices Market
9.2.5.3.1 Italy Blood Glucose Monitoring Devices Market by Product
9.2.5.3.2 Italy Blood Glucose Monitoring Devices Market by End User
9.2.5.4 Spain Blood Glucose Monitoring Devices Market
9.2.5.4.1 Spain Blood Glucose Monitoring Devices Market by Product
9.2.5.4.2 Spain Blood Glucose Monitoring Devices Market by End User
9.2.5.5 United Kingdom Blood Glucose Monitoring Devices Market
9.2.5.5.1 United Kingdom Blood Glucose Monitoring Devices Market by Product
9.2.5.5.2 United Kingdom Blood Glucose Monitoring Devices Market by End User
9.2.5.6 Rest of Europe Blood Glucose Monitoring Devices Market
9.2.5.6.1 Rest of Europe Blood Glucose Monitoring Devices Market by Product
9.2.5.6.2 Rest of Europe Blood Glucose Monitoring Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Blood Glucose Monitoring Devices Market Overview
9.3.2 Asia-Pacific Blood Glucose Monitoring Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Blood Glucose Monitoring Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Blood Glucose Monitoring Devices Market
9.3.5.1.1 Australia Blood Glucose Monitoring Devices Market by Product
9.3.5.1.2 Australia Blood Glucose Monitoring Devices Market by End User
9.3.5.2 China Blood Glucose Monitoring Devices Market
9.3.5.2.1 China Blood Glucose Monitoring Devices Market by Product
9.3.5.2.2 China Blood Glucose Monitoring Devices Market by End User
9.3.5.3 India Blood Glucose Monitoring Devices Market
9.3.5.3.1 India Blood Glucose Monitoring Devices Market by Product
9.3.5.3.2 India Blood Glucose Monitoring Devices Market by End User
9.3.5.4 Japan Blood Glucose Monitoring Devices Market
9.3.5.4.1 Japan Blood Glucose Monitoring Devices Market by Product
9.3.5.4.2 Japan Blood Glucose Monitoring Devices Market by End User
9.3.5.5 South Korea Blood Glucose Monitoring Devices Market
9.3.5.5.1 South Korea Blood Glucose Monitoring Devices Market by Product
9.3.5.5.2 South Korea Blood Glucose Monitoring Devices Market by End User
9.3.5.6 Rest of Asia-Pacific Blood Glucose Monitoring Devices Market
9.3.5.6.1 Rest of Asia-Pacific Blood Glucose Monitoring Devices Market by Product
9.3.5.6.2 Rest of Asia-Pacific Blood Glucose Monitoring Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Blood Glucose Monitoring Devices Market Overview
9.4.2 Middle East and Africa Blood Glucose Monitoring Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Blood Glucose Monitoring Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Blood Glucose Monitoring Devices Market
9.4.5.1.1 South Africa Blood Glucose Monitoring Devices Market by Product
9.4.5.1.2 South Africa Blood Glucose Monitoring Devices Market by End User
9.4.5.2 Saudi Arabia Blood Glucose Monitoring Devices Market
9.4.5.2.1 Saudi Arabia Blood Glucose Monitoring Devices Market by Product
9.4.5.2.2 Saudi Arabia Blood Glucose Monitoring Devices Market by End User
9.4.5.3 U.A.E Blood Glucose Monitoring Devices Market
9.4.5.3.1 U.A.E Blood Glucose Monitoring Devices Market by Product
9.4.5.3.2 U.A.E Blood Glucose Monitoring Devices Market by End User
9.4.5.4 Rest of Middle East and Africa Blood Glucose Monitoring Devices Market
9.4.5.4.1 Rest of Middle East and Africa Blood Glucose Monitoring Devices Market by Product
9.4.5.4.2 Rest of Middle East and Africa Blood Glucose Monitoring Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Blood Glucose Monitoring Devices Market Overview
9.5.2 South and Central America Blood Glucose Monitoring Devices Market Forecasts and Analysis
9.5.3 South and Central America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Blood Glucose Monitoring Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Blood Glucose Monitoring Devices Market
9.5.5.1.1 Brazil Blood Glucose Monitoring Devices Market by Product
9.5.5.1.2 Brazil Blood Glucose Monitoring Devices Market by End User
9.5.5.2 Argentina Blood Glucose Monitoring Devices Market
9.5.5.2.1 Argentina Blood Glucose Monitoring Devices Market by Product
9.5.5.2.2 Argentina Blood Glucose Monitoring Devices Market by End User
9.5.5.3 Rest of South and Central America Blood Glucose Monitoring Devices Market
9.5.5.3.1 Rest of South and Central America Blood Glucose Monitoring Devices Market by Product
9.5.5.3.2 Rest of South and Central America Blood Glucose Monitoring Devices 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. BLOOD GLUCOSE MONITORING DEVICES MARKET, KEY COMPANY PROFILES
11.1. ABBOTT LABORATORIES
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. MEDTRONIC PLC
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. F. HOFFMANN-LA ROCHE LTD.
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. BAYER AG
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. BD
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. INSULET CORPORATION
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. DEXCOM, INC.
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. SANOFI
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. ELLY LILLY AND COMPANY
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. NOVO NORDISK A/S
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
The List of Companies

1. Abbott Laboratories
2. Medtronic plc
3. F. Hoffmann-La Roche Ltd.
4. Bayer AG
5. BD
6. Insulet Corporation
7. Dexcom, Inc.
8. Sanofi
9. Elly Lilly and Company
10. Novo Nordisk A/S

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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