Bone Growth Stimulator Market - Size and Forecast [2021-2031]
The Bone Growth Stimulator Market is expected to register a CAGR of 5.6% 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 {Devices [External Bone Devices, (Ultrasonic Bone Growth Stimulators, Implantable Bone Growth Stimulators)], Bone Morphogenetic Proteins, and Platelet-Rich Plasma}, Application (Spinal Fusion Surgeries, Delayed Union & Non-union Bone Fractures, Oral and Maxillofacial Surgeries, and Others), End User (Hospitals & Specialized Clinics, Ambulatory Surgery Centers, and Others)
Purpose of the Report
The report Bone Growth Stimulator 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.
Bone Growth Stimulator Market Segmentation
By {Devices [External Bone Devices,
- Ultrasonic Bone Growth Stimulators
- Implantable Bone Growth Stimulators]
- Bone Morphogenetic Proteins
- Platelet-Rich Plasma}
By Application
- Spinal Fusion Surgeries
- Delayed Union & Non-union Bone Fractures
- Oral and Maxillofacial Surgeries
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialized Diagnostic Centers
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Bone Growth Stimulator Market: Strategic Insights
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Bone Growth Stimulator Market Growth Drivers
- Increasing Incidence of Bone-related Diseases: The increasing occurrence of osteoporosis, arthritis, and bone fractures is boosting the need for bone growth stimulators as alternative treatments.
- Increasing Aging Population: As the population ages, there is a higher vulnerability to bone disorders and injuries, creating a greater demand for effective orthopedic treatments, including bone growth stimulators.
- Advancements in Technology: The rising preference for minimally invasive surgeries is driving the need for bone growth stimulators, as they can aid in faster recovery.
Bone Growth Stimulator Market Future Trends
- Shift Toward Non-invasive Treatments: There is a noticeable trend towards non-invasive and safer alternatives to traditional surgical options, shifting interest in non-surgical stimulators.
- Personalized Medicine: The trend towards tailored treatment plans and personalized medicine means that clinicians are increasingly considering bone growth stimulators as part of custom approaches to patient care
- Home-based Therapy Devices: The rise of portable, user-friendly home therapy devices is changing how patients use bone growth stimulators, making them more accessible.
Bone Growth Stimulator Market Opportunities
- Emerging Markets: The emerging markets show significant growth potential as access to orthopedic care improves, driven by rising incomes and healthcare infrastructure development.
- Research and Development: Continuous research and development can lead to the introduction of innovative products to the market. These may include novel materials and technologies that enhance the effectiveness of bone growth stimulators.
- Older Adult Care: With the global population aging, there are increasing opportunities to develop specialized products or programs targeting older adults. These are aimed at improving recovery outcomes and quality of life.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bone Growth Stimulator 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 Bone Growth Stimulator 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.
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.
Frequently Asked Questions
The bone growth stimulator market is estimated to grow with a CAGR of 5.6% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The bone growth stimulator market majorly consists of the players such as Zimmer Biomet, DJO, LLC, Arthrex, Inc. among others.
Shift Toward Non-invasive Treatments are likely to remain the key trend during the forecast period
The market drivers include Increasing Incidence of Bone-related Diseases and Increasing Aging Population are driving the bone growth stimulator market
North America dominated the bone growth stimulator market in 2023
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 Bone Growth Stimulators Market - By Product
1.3.2 Bone Growth Stimulators Market - By Application
1.3.3 Bone Growth Stimulators Market - By End User
1.3.4 Bone Growth Stimulators Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BONE GROWTH STIMULATORS 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. BONE GROWTH STIMULATORS 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. BONE GROWTH STIMULATORS MARKET - GLOBAL MARKET ANALYSIS
6.1. BONE GROWTH STIMULATORS - GLOBAL MARKET OVERVIEW
6.2. BONE GROWTH STIMULATORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BONE GROWTH STIMULATORS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BONE GROWTH STIMULATION DEVICES
7.3.1. Overview
7.3.2. Bone Growth Stimulation Devices Market Forecast and Analysis
7.3.3. External bone growth stimulators Market
7.3.3.1. Overview
7.3.3.2. External bone growth stimulators Market Forecast and Analysis
7.3.4. Ultrasonic bone growth stimulators Market
7.3.4.1. Overview
7.3.4.2. Ultrasonic bone growth stimulators Market Forecast and Analysis
7.3.5. Bone Morphogenetic Proteins Market
7.3.5.1. Overview
7.3.5.2. Bone Morphogenetic Proteins Market Forecast and Analysis
7.4. PLATELET-RICH PLASMA (PRP)
7.4.1. Overview
7.4.2. Platelet-Rich Plasma (PRP) Market Forecast and Analysis
7.5. BONE MORPHOGENETIC PROTEINS
7.5.1. Overview
7.5.2. Bone Morphogenetic Proteins Market Forecast and Analysis
8. BONE GROWTH STIMULATORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ORAL AND MAXILLOFACIAL SURGERIES
8.3.1. Overview
8.3.2. Oral and Maxillofacial Surgeries Market Forecast and Analysis
8.4. SPINAL FUSION SURGERIES
8.4.1. Overview
8.4.2. Spinal Fusion Surgeries Market Forecast and Analysis
8.5. DELAYED UNION AND NONUNION BONE FRACTURES
8.5.1. Overview
8.5.2. Delayed Union and Nonunion Bone Fractures Market Forecast and Analysis
8.6. OTHER APPLICATIONS
8.6.1. Overview
8.6.2. Other Applications Market Forecast and Analysis
9. BONE GROWTH STIMULATORS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOME CARE
9.3.1. Overview
9.3.2. Home Care Market Forecast and Analysis
9.4. HOSPITALS AND CLINICS
9.4.1. Overview
9.4.2. Hospitals and Clinics Market Forecast and Analysis
9.5. RESEARCH INSTITUTIONS
9.5.1. Overview
9.5.2. Research Institutions Market Forecast and Analysis
9.6. OTHER
9.6.1. Overview
9.6.2. Other Market Forecast and Analysis
10. BONE GROWTH STIMULATORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Bone Growth Stimulators Market Overview
10.1.2 North America Bone Growth Stimulators Market Forecasts and Analysis
10.1.3 North America Bone Growth Stimulators Market Forecasts and Analysis - By Product
10.1.4 North America Bone Growth Stimulators Market Forecasts and Analysis - By Application
10.1.5 North America Bone Growth Stimulators Market Forecasts and Analysis - By End User
10.1.6 North America Bone Growth Stimulators Market Forecasts and Analysis - By Countries
10.1.6.1 United States Bone Growth Stimulators Market
10.1.6.1.1 United States Bone Growth Stimulators Market by Product
10.1.6.1.2 United States Bone Growth Stimulators Market by Application
10.1.6.1.3 United States Bone Growth Stimulators Market by End User
10.1.6.2 Canada Bone Growth Stimulators Market
10.1.6.2.1 Canada Bone Growth Stimulators Market by Product
10.1.6.2.2 Canada Bone Growth Stimulators Market by Application
10.1.6.2.3 Canada Bone Growth Stimulators Market by End User
10.1.6.3 Mexico Bone Growth Stimulators Market
10.1.6.3.1 Mexico Bone Growth Stimulators Market by Product
10.1.6.3.2 Mexico Bone Growth Stimulators Market by Application
10.1.6.3.3 Mexico Bone Growth Stimulators Market by End User
10.2. EUROPE
10.2.1 Europe Bone Growth Stimulators Market Overview
10.2.2 Europe Bone Growth Stimulators Market Forecasts and Analysis
10.2.3 Europe Bone Growth Stimulators Market Forecasts and Analysis - By Product
10.2.4 Europe Bone Growth Stimulators Market Forecasts and Analysis - By Application
10.2.5 Europe Bone Growth Stimulators Market Forecasts and Analysis - By End User
10.2.6 Europe Bone Growth Stimulators Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Bone Growth Stimulators Market
10.2.6.1.1 Germany Bone Growth Stimulators Market by Product
10.2.6.1.2 Germany Bone Growth Stimulators Market by Application
10.2.6.1.3 Germany Bone Growth Stimulators Market by End User
10.2.6.2 France Bone Growth Stimulators Market
10.2.6.2.1 France Bone Growth Stimulators Market by Product
10.2.6.2.2 France Bone Growth Stimulators Market by Application
10.2.6.2.3 France Bone Growth Stimulators Market by End User
10.2.6.3 Italy Bone Growth Stimulators Market
10.2.6.3.1 Italy Bone Growth Stimulators Market by Product
10.2.6.3.2 Italy Bone Growth Stimulators Market by Application
10.2.6.3.3 Italy Bone Growth Stimulators Market by End User
10.2.6.4 Spain Bone Growth Stimulators Market
10.2.6.4.1 Spain Bone Growth Stimulators Market by Product
10.2.6.4.2 Spain Bone Growth Stimulators Market by Application
10.2.6.4.3 Spain Bone Growth Stimulators Market by End User
10.2.6.5 United Kingdom Bone Growth Stimulators Market
10.2.6.5.1 United Kingdom Bone Growth Stimulators Market by Product
10.2.6.5.2 United Kingdom Bone Growth Stimulators Market by Application
10.2.6.5.3 United Kingdom Bone Growth Stimulators Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Bone Growth Stimulators Market Overview
10.3.2 Asia-Pacific Bone Growth Stimulators Market Forecasts and Analysis
10.3.3 Asia-Pacific Bone Growth Stimulators Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Bone Growth Stimulators Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Bone Growth Stimulators Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Bone Growth Stimulators Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Bone Growth Stimulators Market
10.3.6.1.1 Australia Bone Growth Stimulators Market by Product
10.3.6.1.2 Australia Bone Growth Stimulators Market by Application
10.3.6.1.3 Australia Bone Growth Stimulators Market by End User
10.3.6.2 China Bone Growth Stimulators Market
10.3.6.2.1 China Bone Growth Stimulators Market by Product
10.3.6.2.2 China Bone Growth Stimulators Market by Application
10.3.6.2.3 China Bone Growth Stimulators Market by End User
10.3.6.3 India Bone Growth Stimulators Market
10.3.6.3.1 India Bone Growth Stimulators Market by Product
10.3.6.3.2 India Bone Growth Stimulators Market by Application
10.3.6.3.3 India Bone Growth Stimulators Market by End User
10.3.6.4 Japan Bone Growth Stimulators Market
10.3.6.4.1 Japan Bone Growth Stimulators Market by Product
10.3.6.4.2 Japan Bone Growth Stimulators Market by Application
10.3.6.4.3 Japan Bone Growth Stimulators Market by End User
10.3.6.5 South Korea Bone Growth Stimulators Market
10.3.6.5.1 South Korea Bone Growth Stimulators Market by Product
10.3.6.5.2 South Korea Bone Growth Stimulators Market by Application
10.3.6.5.3 South Korea Bone Growth Stimulators Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Bone Growth Stimulators Market Overview
10.4.2 Middle East and Africa Bone Growth Stimulators Market Forecasts and Analysis
10.4.3 Middle East and Africa Bone Growth Stimulators Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Bone Growth Stimulators Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Bone Growth Stimulators Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Bone Growth Stimulators Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Bone Growth Stimulators Market
10.4.6.1.1 South Africa Bone Growth Stimulators Market by Product
10.4.6.1.2 South Africa Bone Growth Stimulators Market by Application
10.4.6.1.3 South Africa Bone Growth Stimulators Market by End User
10.4.6.2 Saudi Arabia Bone Growth Stimulators Market
10.4.6.2.1 Saudi Arabia Bone Growth Stimulators Market by Product
10.4.6.2.2 Saudi Arabia Bone Growth Stimulators Market by Application
10.4.6.2.3 Saudi Arabia Bone Growth Stimulators Market by End User
10.4.6.3 U.A.E Bone Growth Stimulators Market
10.4.6.3.1 U.A.E Bone Growth Stimulators Market by Product
10.4.6.3.2 U.A.E Bone Growth Stimulators Market by Application
10.4.6.3.3 U.A.E Bone Growth Stimulators Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Bone Growth Stimulators Market Overview
10.5.2 South and Central America Bone Growth Stimulators Market Forecasts and Analysis
10.5.3 South and Central America Bone Growth Stimulators Market Forecasts and Analysis - By Product
10.5.4 South and Central America Bone Growth Stimulators Market Forecasts and Analysis - By Application
10.5.5 South and Central America Bone Growth Stimulators Market Forecasts and Analysis - By End User
10.5.6 South and Central America Bone Growth Stimulators Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Bone Growth Stimulators Market
10.5.6.1.1 Brazil Bone Growth Stimulators Market by Product
10.5.6.1.2 Brazil Bone Growth Stimulators Market by Application
10.5.6.1.3 Brazil Bone Growth Stimulators Market by End User
10.5.6.2 Argentina Bone Growth Stimulators Market
10.5.6.2.1 Argentina Bone Growth Stimulators Market by Product
10.5.6.2.2 Argentina Bone Growth Stimulators Market by Application
10.5.6.2.3 Argentina Bone Growth Stimulators Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL BONE GROWTH STIMULATORS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. BONE GROWTH STIMULATORS MARKET, KEY COMPANY PROFILES
13.1. ORTHOFIX HOLDINGS, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MEDTRONIC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ZIMMER BIOMET
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DJO GLOBAL, INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BIOVENTUS LLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. STRYKER
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. DEPUY SYNTHES
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ARTHREX, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ISTO BIOLOGICS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TERUMO BCT, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Zimmer Biomet
2. DJO, LLC
3. Arthrex, Inc.
4. Smith & Nephew
5. Orthofix Holdings, Inc.
6. Ossatec Benelux BV
7. elizur Corporation
8. Medsource, LLC
9. Regen Lab SA
10. Ito Co., Ltd.
11. Bioventus LLC
12. Harvest Technologies Corporation
13. DePuy Synthes
14. Stryker
15. Altis Biologics
16. Medtronic
17. Johnson & Johnson Services, Inc.
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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