Brain Monitoring Market [2021-2031] - Size, Share
The Brain Monitoring Market is expected to register a CAGR of 7.20% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on product (devices and accessories). The report is segmented by disease (stroke, sleep disorders, traumatic brain injuries, parkinson disease, huntington disease and others). The report further provides analysis based on end user (hospitals, ambulatory surgical centers, diagnostic centers and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Brain Monitoring 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.
Brain Monitoring Market Segmentation
Product- Devices and Accessories
- Stroke
- Sleep Disorders
- Traumatic Brain Injuries
- Parkinson Disease
- Huntington Disease and Others
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers and Others
Strategic Insights
Brain Monitoring Market Growth Drivers- Increasing Incidence of Neurological Disorders: The increasing incidence of neurological diseases, including epilepsy, Alzheimer's, and Parkinson's disease, is a major factor in the revenue growth of the brain monitoring market. With health care providers looking for better ways to track these illnesses, manufacturers of advanced brain monitoring equipment can expect a growing market.
- Growing Awareness and Research Funding: More funding is going towards research because people are becoming more and more concious of their neurological health and the need to check on the condition of their brain. That leaves room for new technologies and gadgets that allow for manufacturers to broaden their product line and have greater control of the market.
- Supportive Regulatory Environment: The regulatory climate is very supportive and it is allowing for the approval and release of many new brain monitoring devices. Regulatory agencies are becoming more aware of these technologies and are fast tracking approvals so manufacturers are able to get new innovative products out more quickly, which in turn increases growth potential.
- Expansion of Home Healthcare Solutions: As the movement continues for home healthcare solutions, the need for portable, easy to use brain monitoring devices increases. With patients and caregivers looking for easy monitoring, manufacturers can and will profit off of this fad by creating machines that will allow remote monitoring and collection of data.
- Focus on Personalized Medicine: As personalized medicine becomes more important in the field of neurology, there is a greater need for customized brain monitoring. As a result manufacturers are designing machines that will accommodate the individual patient, improving the success of treatment. This trend will largely help to fuel the revenue growth in the brain monitoring market.
- Rising Investment in Neurological Research: With more funding towards neurological research, there is also a surge in the development of brain tracking equipment. But with the increasing financing of research on brain abnormalities, manufacturers should reap the benefits of creating more sophisticated monitoring machines to accommodate the changing requirements of researchers and doctors alike, thereby increasing the possible revenue.
- Integration of Telehealth Services: This leaves a lot of room for manufacturers to integrate telehealth services with their brain monitoring devices. With the rise in remote patient monitoring, companies will invent devices that will easily integrate into telehealth platforms, making it that much more accessible and convenient for patients and in turn driving more revenue in the market.
- Development of Brain-Computer Interfaces: The growing field of brain-computer interfaces (BCIs) promises to be a profitable market for manufacturers. With BCIs on the rise for rehabilitation and assistive technologies, companies can have the opportunity to create and design sensing equipments that will make the user more comfortable, and efficient, and of course, increase their market share and profit.
- Collaboration with Research Institutions: Manufacturers can work with the research institutions to create the next generation of brain monitoring technology. These alliances can open the door to capital, know how, clinical trials and allow manufacturers to innovate and produce the next generation of products which drives revenue growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Brain Monitoring 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 Brain Monitoring Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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
The Brain Monitoring Market is estimated to witness a CAGR of 7.20% from 2023 to 2031
Asia Pacific region is likely to witness the fastest growth rate during the forecast period.
The market drivers include the increasing incidence of neurological disorders, growing awareness and research funding, and supportive regulatory environment.
North America dominated the brain monitoring market in 2023
Expansion of home healthcare solutions and focus on personalized medicine are likely to remain the key trend during the forecast period.
3M, Cardinal Health, Halyard Worldwide Inc, Hogy Medical, Johnson and Johnson Services Inc, Kimberly Clark Health Care, Lohmann and Rauscher GmbH and Co KG, Medline Industries Inc, and PAUL HARTMANN AG
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Brain Monitoring Market- By Product
1.3.2. Brain Monitoring Market- By Disease
1.3.3. Brain Monitoring Market- By End User
1.3.4. Brain Monitoring Market- By Region
1.3.4.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BRAIN MONITORING MARKET LANDSCAPE
4.1. MARKET 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 & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. BRAIN MONITORING MARKET- KEY INDUSTRY 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. BRAIN MONITORING MARKET- GLOBAL ANALYSIS
6.1. BRAIN MONITORING MARKET - GLOBAL MARKET OVERVIEW
6.2. BRAIN MONITORING MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. BRAIN MONITORING MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DEVICES MARKET
7.3.1. Overview
7.3.2. Devices Market Forecast and Analysis (US$ Mn)
7.3.3. PET Scanners Market
7.3.3.1. Overview
7.3.3.2. PET Scanners Market Forecast and Analysis (US$ Mn)
7.3.4. CT Scanners Market
7.3.4.1. Overview
7.3.4.2. CT Scanners Market Forecast and Analysis (US$ Mn)
7.3.5. MRI Scanners Market
7.3.5.1. Overview
7.3.5.2. MRI Scanners Market Forecast and Analysis (US$ Mn)
7.3.6. Electroencephalogram Market
7.3.6.1. Overview
7.3.6.2. Electroencephalogram Market Forecast and Analysis (US$ Mn)
7.3.7. Sleep Monitoring Devices Market
7.3.7.1. Overview
7.3.7.2. Sleep Monitoring Devices Market Forecast and Analysis (US$ Mn)
7.3.8. Others Market
7.3.8.1. Overview
7.3.8.2. Others Market Forecast and Analysis (US$ Mn)
7.4. ACCESSORIES MARKET
7.4.1. Overview
7.4.2. Accessories Market Forecast and Analysis (US$ Mn)
8. BRAIN MONITORING MARKET REVENUE AND FORECASTS TO 2028 - DISEASE
8.1. OVERVIEW
8.2. DISEASE MARKET FORECASTS AND ANALYSIS
8.3. STROKE MARKET
8.3.1. Overview
8.3.2. Stroke Market Forecast and Analysis (US$ Mn)
8.4. SLEEP DISORDER MARKET
8.4.1. Overview
8.4.2. Sleep Disorder Market Forecast and Analysis (US$ Mn)
8.5. TRAUMATIC BRAIN INJURIES MARKET
8.5.1. Overview
8.5.2. Traumatic Brain Injuries Market Forecast and Analysis (US$ Mn)
8.6. PARKISON DISEASE MARKET
8.6.1. Overview
8.6.2. Parkinson Disease Market Forecast and Analysis (US$ Mn)
8.7. HUNTINGTON DISEASE MARKET
8.7.1. Overview
8.7.2. Huntington Disease Market Forecast and Analysis (US$ Mn)
8.8. OTHERS MARKET
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis (US$ Mn)
9. BRAIN MONITORING MARKET REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS MARKET
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
9.4. AMBULATORY SURGICAL CENTERS MARKET
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis (US$ Mn)
9.5. DIAGNOSTICS CENTERS MARKET
9.5.1. Overview
9.5.2. Diagnostics Centers Market Forecast and Analysis (US$ Mn)
9.6. OTHERS MARKET
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis (US$ Mn)
10. BRAIN MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA BRAIN MONITORING MARKET
10.1.1. North America Brain Monitoring Market Forecasts and Analysis (US$ Mn)
10.1.2. North America Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.1.3. North America Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.1.1. North America Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.1.2. North America Brain Monitoring Market Forecasts and Analysis - By Country
10.1.3. US Market Overview
10.1.3.1. US Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.1.3.2. US Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.1.3.3. US Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.1.4. Canada Market Overview
10.1.4.1. Canada Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.1.4.2. Canada Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.1.4.3. Canada Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.1.5. Mexico Market Overview
10.1.5.1. Mexico Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.1.5.2. Mexico Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.1.5.3. Mexico Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2. EUROPE BRAIN MONITORING MARKET
10.2.1. Europe Brain Monitoring Market Forecasts and Analysis (US$ Mn)
10.2.2. Europe Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.3. Europe Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.4. Europe Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2.5. Europe Brain Monitoring Market Forecasts and Analysis - By Country
10.2.6. UK Market Overview
10.2.6.1. UK Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.6.2. UK Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.6.3. UK Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2.7. Germany Market Overview
10.2.7.1. Germany Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.7.2. Germany Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.7.3. Germany Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2.8. France Market Overview
10.2.8.1. France Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.8.2. France Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.8.3. France Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2.9. Spain Market Overview
10.2.9.1. Spain Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.9.2. Spain Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.9.3. Spain Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.2.10. Italy Market Overview
10.2.10.1. Italy Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.2.10.2. Italy Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.2.10.3. Italy Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3. ASIA PACIFIC BRAIN MONITORING MARKET
10.3.1. Asia Pacific Brain Monitoring Market Forecasts and Analysis (US$ Mn)
10.3.2. Asia Pacific Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.3. Asia Pacific Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.4. Asia Pacific Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3.5. Asia Pacific Brain Monitoring Market Forecasts and Analysis - By Country
10.3.6. China Market Overview
10.3.6.1. China Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.6.2. China Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.6.3. China Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3.7. Japan Market Overview
10.3.7.1. Japan Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.7.2. Japan Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.7.3. Japan Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3.8. India Market Overview
10.3.8.1. India Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.8.2. India Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.8.3. India Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3.9. Australia Market Overview
10.3.9.1. Australia Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.9.2. Australia Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.9.3. Australia Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.3.10. South Korea Market Overview
10.3.10.1. South Korea Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.3.10.2. South Korea Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.3.10.3. South Korea Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.4. MIDDLE EAST & AFRICA BRAIN MONITORING MARKET
10.4.1. Middle East & Africa Brain Monitoring Market Forecasts and Analysis (US$ Mn)
10.4.2. Middle East & Africa Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.4.3. Middle East & Africa Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.4.4. Middle East & Africa Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.4.5. Middle East & Africa Brain Monitoring Market Forecasts and Analysis - By Country
10.4.6. UAE Market Overview
10.4.6.1. UAE Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.4.6.2. UAE Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.4.6.3. UAE Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.4.7. Saudi Arabia Market Overview
10.4.7.1. Saudi Arabia Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.4.7.2. Saudi Arabia Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.4.7.3. Saudi Arabia Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.4.8. South Africa Market Overview
10.4.8.1. South Africa Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.4.8.2. South Africa Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.4.8.3. South Africa Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.5. SOUTH AND CENTRAL AMERICA BRAIN MONITORING MARKET
10.5.1. South And Central America Brain Monitoring Market Forecasts and Analysis (US$ Mn)
10.5.2. South And Central America Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.5.3. South And Central America Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.5.4. South And Central America Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.5.5. South And Central America Brain Monitoring Market Forecasts and Analysis - By Country
10.5.6. Brazil Market Overview
10.5.6.1. Brazil Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.5.6.2. Brazil Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.5.6.3. Brazil Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
10.5.7. Argentina Market Overview
10.5.7.1. Argentina Brain Monitoring Market Forecasts and Analysis - By Product (US$ Mn)
10.5.7.2. Argentina Brain Monitoring Market Forecasts and Analysis - By Disease (US$ Mn)
10.5.7.3. Argentina Brain Monitoring Market Forecasts and Analysis - By End User (US$ Mn)
11. INDUSTRY LANDSCAPE
11.1. ORGANIC GROWTH STRATEGIES
11.1.1. New Product Launches
11.1.2. Marketing & Promotional Activities
11.2. INORGANIC GROWTH STRATEGIES
11.2.1. Partnerships, Collaborations, and Joint Ventures
11.2.2. Mergers & Acquisitions
12. BRAIN MONITORING MARKET, KEY COMPANY PROFILES
12.1. GENERAL ELECTRIC COMPANY
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. KONINKLIJKE PHILIPS N.V
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. MEDTRONIC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NATUS MEDICAL INCORPORATED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SIEMENS HEALTHCARE GMBH
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ADVANCED BRAIN MONITORING, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. COMPUMEDICS LIMITED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NIHON KOHDEN CORPORATION.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. CASMED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NONIN
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
NOTE:
• This ToC is tentative in nature and is subject to further refinement during the course of the research study
• The list of company profiles included in this ToC is tentative. Profiles of specific players, if required, shall be added to the report upon request.
• Financials can be provided to the extent of availability in the public domain.
1. GENERAL ELECTRIC COMPANY
2. Koninklijke Philips N.V
3. Medtronic
4. Natus Medical Incorporated
5. Siemens Healthcare GmbH
6. Advanced Brain Monitoring, Inc.
7. Compumedics Limited
8. NIHON KOHDEN CORPORATION.
9. CASMED
10. Nonin
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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