Blood Pressure Cuffs Professional Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A sphygmomanometer, also known as a blood pressure meter, blood pressure monitor, or blood pressure gauge, is a blood pressure measuring device that consists of an inflatable cuff that is used to collapse and then releases the artery under the cuff in a controlled manner, as well as a mercury or mechanical manometer to measure the pressure. The air bladder in a blood pressure cuff fills with air and compresses the brachial artery, stopping blood flow. The blood flow resumes when the bladder's air is released. By listening to the flow with a stethoscope, the physician records the systolic and diastolic Blood Pressure.
MARKET SCOPE
The Blood Pressure Cuffs Professional Market is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Blood Pressure Cuffs Professional Marke with detailed market segmentation by type, end-user, and geography. The report provides key statistics on the market status of the leading players and offers key Blood Pressure Cuffs Professional Market trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the Blood Cuffs Professional Market is bifurcated into Disposable Blood Pressure Cuffs & Reusable Blood Pressure Cuffs.
- On the basis of end-user, the market is segmented into Hospitals, Home Healthcare, Ambulatory Surgical, and clinics.
MARKET DYNAMICS
Drivers:
- The geriatric population is on the rise.
- Increased need for cell treatments.
- Incidences of a variety of chronic diseases and cancers are on the rise.
- Rising prevalence of hypertension.
Restraints:
- Infection associated with blood pressure cuffs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Blood Pressure Cuffs Professional Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the Blood Pressure Cuffs Professional Market in these regions.
IMPACT OF COVID-19 ON BLOOD PRESSURE CUFFS PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruption. The start of the COID-19 pandemic has resulted in a worldwide lockdown, with non-urgent scheduled visits and hospitalizations being suspended. The Food and Drug Administration (FDA) has announced the implementation of a new policy that will increase the availability and capability of non-invasive remote monitoring devices for self-monitoring of symptoms in order to lessen the load on healthcare facilities by reducing the number of visits to hospitals and other healthcare facilities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Blood Pressure Cuffs Professional Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the Blood Pressure Cuffs Professional Market in these regions.
IMPACT OF COVID-19 ON BLOOD PRESSURE CUFFS PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruption. The start of the COID-19 pandemic has resulted in a worldwide lockdown, with non-urgent scheduled visits and hospitalizations being suspended. The Food and Drug Administration (FDA) has announced the implementation of a new policy that will increase the availability and capability of non-invasive remote monitoring devices for self-monitoring of symptoms in order to lessen the load on healthcare facilities by reducing the number of visits to hospitals and other healthcare facilities.
MARKET PLAYERS
The report covers key developments in the Blood Pressure Cuffs Professional Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and part partnerships Collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the Blood Pressure Cuffs Professional Market is anticipated to have lucrative growth opportunities in the future with the rising demand Blood Pressure Cuffs Professional Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Blood Pressure Cuffs Professional Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GE Healthcare
- Sun Tech Medical, Inc.
- Koninklijke Philips
- Spacelabs Healthcare Inc.
- Masimo Corporation
- Cardinal Health
- Smiths Group
- Microlife
- Conmed
- American Diagnostic Corporation
- 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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Blood Pressure Cuffs Professional Market - By Type
1.3.2 Blood Pressure Cuffs Professional Market - By End-user
1.3.3 Blood Pressure Cuffs Professional Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOOD PRESSURE CUFFS PROFESSIONAL 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 PRESSURE CUFFS PROFESSIONAL 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 PRESSURE CUFFS PROFESSIONAL MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOOD PRESSURE CUFFS PROFESSIONAL - GLOBAL MARKET OVERVIEW
6.2. BLOOD PRESSURE CUFFS PROFESSIONAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BLOOD PRESSURE CUFFS PROFESSIONAL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DISPOSABLE BLOOD PRESSURE CUFFS AND REUSABLE PRESSURE CUFFS
7.3.1. Overview
7.3.2. Disposable blood pressure cuffs and Reusable pressure cuffs Market Forecast and Analysis
8. BLOOD PRESSURE CUFFS PROFESSIONAL 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 HEALTHCARE
8.4.1. Overview
8.4.2. Home healthcare Market Forecast and Analysis
8.5. AMBULATORY SURGICAL
8.5.1. Overview
8.5.2. Ambulatory Surgical Market Forecast and Analysis
8.6. CLINICS AND OTHERS
8.6.1. Overview
8.6.2. Clinics and others Market Forecast and Analysis
9. BLOOD PRESSURE CUFFS PROFESSIONAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Blood Pressure Cuffs Professional Market Overview
9.1.2 North America Blood Pressure Cuffs Professional Market Forecasts and Analysis
9.1.3 North America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Type
9.1.4 North America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By End-user
9.1.5 North America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Countries
9.1.5.1 United States Blood Pressure Cuffs Professional Market
9.1.5.1.1 United States Blood Pressure Cuffs Professional Market by Type
9.1.5.1.2 United States Blood Pressure Cuffs Professional Market by End-user
9.1.5.2 Canada Blood Pressure Cuffs Professional Market
9.1.5.2.1 Canada Blood Pressure Cuffs Professional Market by Type
9.1.5.2.2 Canada Blood Pressure Cuffs Professional Market by End-user
9.1.5.3 Mexico Blood Pressure Cuffs Professional Market
9.1.5.3.1 Mexico Blood Pressure Cuffs Professional Market by Type
9.1.5.3.2 Mexico Blood Pressure Cuffs Professional Market by End-user
9.2. EUROPE
9.2.1 Europe Blood Pressure Cuffs Professional Market Overview
9.2.2 Europe Blood Pressure Cuffs Professional Market Forecasts and Analysis
9.2.3 Europe Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Type
9.2.4 Europe Blood Pressure Cuffs Professional Market Forecasts and Analysis - By End-user
9.2.5 Europe Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Blood Pressure Cuffs Professional Market
9.2.5.1.1 Germany Blood Pressure Cuffs Professional Market by Type
9.2.5.1.2 Germany Blood Pressure Cuffs Professional Market by End-user
9.2.5.2 France Blood Pressure Cuffs Professional Market
9.2.5.2.1 France Blood Pressure Cuffs Professional Market by Type
9.2.5.2.2 France Blood Pressure Cuffs Professional Market by End-user
9.2.5.3 Italy Blood Pressure Cuffs Professional Market
9.2.5.3.1 Italy Blood Pressure Cuffs Professional Market by Type
9.2.5.3.2 Italy Blood Pressure Cuffs Professional Market by End-user
9.2.5.4 Spain Blood Pressure Cuffs Professional Market
9.2.5.4.1 Spain Blood Pressure Cuffs Professional Market by Type
9.2.5.4.2 Spain Blood Pressure Cuffs Professional Market by End-user
9.2.5.5 United Kingdom Blood Pressure Cuffs Professional Market
9.2.5.5.1 United Kingdom Blood Pressure Cuffs Professional Market by Type
9.2.5.5.2 United Kingdom Blood Pressure Cuffs Professional Market by End-user
9.2.5.6 Russia Blood Pressure Cuffs Professional Market
9.2.5.6.1 Russia Blood Pressure Cuffs Professional Market by Type
9.2.5.6.2 Russia Blood Pressure Cuffs Professional Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Blood Pressure Cuffs Professional Market Overview
9.3.2 Asia-Pacific Blood Pressure Cuffs Professional Market Forecasts and Analysis
9.3.3 Asia-Pacific Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Blood Pressure Cuffs Professional Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Blood Pressure Cuffs Professional Market
9.3.5.1.1 Australia Blood Pressure Cuffs Professional Market by Type
9.3.5.1.2 Australia Blood Pressure Cuffs Professional Market by End-user
9.3.5.2 China Blood Pressure Cuffs Professional Market
9.3.5.2.1 China Blood Pressure Cuffs Professional Market by Type
9.3.5.2.2 China Blood Pressure Cuffs Professional Market by End-user
9.3.5.3 India Blood Pressure Cuffs Professional Market
9.3.5.3.1 India Blood Pressure Cuffs Professional Market by Type
9.3.5.3.2 India Blood Pressure Cuffs Professional Market by End-user
9.3.5.4 Japan Blood Pressure Cuffs Professional Market
9.3.5.4.1 Japan Blood Pressure Cuffs Professional Market by Type
9.3.5.4.2 Japan Blood Pressure Cuffs Professional Market by End-user
9.3.5.5 South Korea Blood Pressure Cuffs Professional Market
9.3.5.5.1 South Korea Blood Pressure Cuffs Professional Market by Type
9.3.5.5.2 South Korea Blood Pressure Cuffs Professional Market by End-user
9.3.5.6 Rest of Asia-Pacific Blood Pressure Cuffs Professional Market
9.3.5.6.1 Rest of Asia-Pacific Blood Pressure Cuffs Professional Market by Type
9.3.5.6.2 Rest of Asia-Pacific Blood Pressure Cuffs Professional Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Blood Pressure Cuffs Professional Market Overview
9.4.2 Middle East and Africa Blood Pressure Cuffs Professional Market Forecasts and Analysis
9.4.3 Middle East and Africa Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Blood Pressure Cuffs Professional Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Blood Pressure Cuffs Professional Market
9.4.5.1.1 South Africa Blood Pressure Cuffs Professional Market by Type
9.4.5.1.2 South Africa Blood Pressure Cuffs Professional Market by End-user
9.4.5.2 Saudi Arabia Blood Pressure Cuffs Professional Market
9.4.5.2.1 Saudi Arabia Blood Pressure Cuffs Professional Market by Type
9.4.5.2.2 Saudi Arabia Blood Pressure Cuffs Professional Market by End-user
9.4.5.3 U.A.E Blood Pressure Cuffs Professional Market
9.4.5.3.1 U.A.E Blood Pressure Cuffs Professional Market by Type
9.4.5.3.2 U.A.E Blood Pressure Cuffs Professional Market by End-user
9.4.5.4 Rest of Middle East and Africa Blood Pressure Cuffs Professional Market
9.4.5.4.1 Rest of Middle East and Africa Blood Pressure Cuffs Professional Market by Type
9.4.5.4.2 Rest of Middle East and Africa Blood Pressure Cuffs Professional Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Blood Pressure Cuffs Professional Market Overview
9.5.2 South and Central America Blood Pressure Cuffs Professional Market Forecasts and Analysis
9.5.3 South and Central America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Type
9.5.4 South and Central America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Blood Pressure Cuffs Professional Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Blood Pressure Cuffs Professional Market
9.5.5.1.1 Brazil Blood Pressure Cuffs Professional Market by Type
9.5.5.1.2 Brazil Blood Pressure Cuffs Professional Market by End-user
9.5.5.2 Argentina Blood Pressure Cuffs Professional Market
9.5.5.2.1 Argentina Blood Pressure Cuffs Professional Market by Type
9.5.5.2.2 Argentina Blood Pressure Cuffs Professional Market by End-user
9.5.5.3 Chile Blood Pressure Cuffs Professional Market
9.5.5.3.1 Chile Blood Pressure Cuffs Professional Market by Type
9.5.5.3.2 Chile Blood Pressure Cuffs Professional Market by End-user
9.5.5.4 Rest of South and Central America Blood Pressure Cuffs Professional Market
9.5.5.4.1 Rest of South and Central America Blood Pressure Cuffs Professional Market by Type
9.5.5.4.2 Rest of South and Central America Blood Pressure Cuffs Professional Market by End-user
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL BLOOD PRESSURE CUFFS PROFESSIONAL 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. BLOOD PRESSURE CUFFS PROFESSIONAL MARKET, KEY COMPANY PROFILES
12.1. GE HEALTHCARE
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. SUN TECH MEDICAL, INC
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. KONINKLIJKE PHILIPS
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. SPACELABS HEALTHCARE INC
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. MASIMO CORPORATION
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. CARDINAL HEALTH
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. SMITHS GROUPS
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. MICROLIFE
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. CONMED
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. AMERICAN DIAGNOSTIC CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
- GE Healthcare
- Sun Tech Medical, Inc.
- Koninklijke Philips
- Spacelabs Healthcare Inc.
- Masimo Corporation
- Cardinal Health
- Smiths Group
- Microlife
- Conmed
- American Diagnostic Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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