Breast Imaging Market Statistics, Trends, Size, Share, Analysis, Key Players by 2031

Coverage: Breast Imaging Market covers analysis By Technology (Ionizing Technology, and Non-Ionizing Technology); End User (Hospitals, Diagnostic Centers, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPHE100000986
  • Category : Life Sciences
  • No. of Pages : 150
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Breast Imaging Market Growth Report 2021 to 2031

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The Breast Imaging Market is expected to register a CAGR of 8.3% 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 Breast Imaging [By Technology (Ionizing Technology, and Non-Ionizing Technology); End User (Hospitals, Diagnostic Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)]. 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 Breast Imaging 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.

Breast Imaging Market Segmentation

Technology
  • Ionizing Technology and Non-Ionizing Technology
End User
  • Hospitals
  • Diagnostic Centers
  • Others

Strategic Insights

Breast Imaging Market Growth Drivers
  • Increasing incidence of Breast Cancer: Globalization and growing economy has further exacerbated breast cancer incidence in developing (64% to 95) and developed (32% to 56%) nations. Breast cancer is the most common cancer in India, accounting for 28.2% of all female cancers, with an estimated 216,108 cases by 2022
  • Alcohol Consumption Among Women is Rising: In India, where alcohol consumption among women is rising, it is crucial to be mindful of this risk. Being overweight or obese, especially after menopause, increases the risk of breast cancer. Breast cancer is the 2nd most common cancer worldwide. It is the number one cancer in women.
  • Technologically Advancements- Various technological advancements that detects cancer at a early stage is promoting growth. These include improvements on the standard techniques (mammography, ultrasound, and MRI) as well as new platforms for breast imaging developed from body imaging tools, which include CT and radionuclide breast imaging.
Breast Imaging Market Future Trends
  • Ionizing Breast Imaging Technologies: Medical exposures to radiation as well as large-scale disasters such as exposures from the atomic bomb in Japan has demonstrated that radiation can cause breast cancer. Ionizing radiation is any form of radiation with enough energy to alter an atom, such as X-rays or nuclear energy
  • Inclusion of Artificial Intelligence : Theranostics is a currently underdeveloped nuclear medicine therapy but will become a vital tool in the future arsenal of breast radiologists. AI-assisted imaging diagnosis provides a promising perspective of a more accurate and high-efficient diagnostic model for breast cancer. The AI-system is trained on thousands of de-identified mammograms.
  • Digital breast tomosynthesis: Digital breast tomosynthesis screening exam, which is also known as 3D mammography, has become a best practice in women's health for breast cancer-detecting technology. Breast tomosynthesis differs from traditional mammograms in how the image of the breast is obtained and viewed.
Breast Imaging Market Opportunities
  • Growth Potential in Emerging Nations: Countries such as India, China, Brazil, Russia, South Korea, and Turkey have huge population base and that will spur the growth of diagnostic imaging devices market. Annual mammography and MRI screening are recommended starting at 30 years of age for women with BRCA germline mutation in China.
  • Initiatives taken for Breast Cancer: UICC's Breast Cancer programme aims to support and strengthen the capacity of key breast cancer actors to increase their impact, with a particular focus on low- and middle-income countries, and support the achievement of the goals of the GBCI. The Global Breast Cancer Initiative, established by WHO in 2021, will provide guidance to governments on health systems strengthening for breast cancer.
  • Breast Cancer Fundings: Komen awards grants to support cutting-edge breast cancer research that will provide the greatest benefit to patients. The mission of the Breast Cancer Research Foundation is to prevent and cure breast cancer by advancing the world's most promising breast cancer research

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Breast Imaging 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 Breast Imaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


Which end user segment accounted the largest share in 2023?

Hospitals segment accounted for the largest share in 2023.

What is the restraining factor impacting the breast imaging market?

High cost of breast imaging equipment is one the factors critically impacting the market growth

Which region held the largest share in 2023?

North America held the largest share in 2023

What are the driving factors impacting the breast imaging market?

The major factors driving the breast imaging market are:

1. Rising incidence of Breast Cancer
2. Alcohol Consumption of Women in India is Rising
3. Technological Advancements

2. Social & Environmental factors

What is the expected CAGR of the Breast Imaging Market?

The Breast Imaging Market is estimated to witness a CAGR of 8.3% from 2023 to 2031

Which country held the largest share in 2023?

The U.S. held the largest share 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 Breast Imaging Market - By Product
1.3.2 Breast Imaging Market - By End User
1.3.3 Breast Imaging Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BREAST IMAGING 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. BREAST IMAGING 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. BREAST IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. BREAST IMAGING - GLOBAL MARKET OVERVIEW
6.2. BREAST IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BREAST IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. IONIZING BREAST IMAGING TECHNOLOGIES
7.3.1. Overview
7.3.2. Ionizing Breast Imaging Technologies Market Forecast and Analysis
7.3.3. Analog Mammography Market
7.3.3.1. Overview
7.3.3.2. Analog Mammography Market Forecast and Analysis
7.3.4. Full-Field Digital Mammography (FFDM) Market
7.3.4.1. Overview
7.3.4.2. Full-Field Digital Mammography (FFDM) Market Forecast and Analysis
7.3.5. 3D Breast Tomosynthesis Positron Emission Tomography/Computed Tomography (PET/CT) Market
7.3.5.1. Overview
7.3.5.2. 3D Breast Tomosynthesis Positron Emission Tomography/Computed Tomography (PET/CT) Market Forecast and Analysis
7.3.6. Molecular Breast Imaging/Breast-Specific Gamma Imaging (MBI/BSGI) Market
7.3.6.1. Overview
7.3.6.2. Molecular Breast Imaging/Breast-Specific Gamma Imaging (MBI/BSGI) Market Forecast and Analysis
7.3.7. Cone Beam Computed Tomography (CBCT) Market
7.3.7.1. Overview
7.3.7.2. Cone Beam Computed Tomography (CBCT) Market Forecast and Analysis
7.3.8. Positron Emission Mammography (PEM) Market
7.3.8.1. Overview
7.3.8.2. Positron Emission Mammography (PEM) Market Forecast and Analysis
7.4. NON-IONIZING BREAST IMAGING TECHNOLOGIES
7.4.1. Overview
7.4.2. Non-Ionizing Breast Imaging Technologies Market Forecast and Analysis
7.4.3. Breast MRI Market
7.4.3.1. Overview
7.4.3.2. Breast MRI Market Forecast and Analysis
7.4.4. Breast Ultrasound Market
7.4.4.1. Overview
7.4.4.2. Breast Ultrasound Market Forecast and Analysis
7.4.5. Optical Imaging Market
7.4.5.1. Overview
7.4.5.2. Optical Imaging Market Forecast and Analysis
7.4.6. Automated Whole Breast Ultrasound (AWBU) Market
7.4.6.1. Overview
7.4.6.2. Automated Whole Breast Ultrasound (AWBU) Market Forecast and Analysis
7.4.7. Breast Thermography) Market
7.4.7.1. Overview
7.4.7.2. Breast Thermography) Market Forecast and Analysis
8. BREAST IMAGING 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. DIAGNOSTIC CENTERS
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. BREAST IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Breast Imaging Market Overview
9.1.2 North America Breast Imaging Market Forecasts and Analysis
9.1.3 North America Breast Imaging Market Forecasts and Analysis - By Product
9.1.4 North America Breast Imaging Market Forecasts and Analysis - By End User
9.1.5 North America Breast Imaging Market Forecasts and Analysis - By Countries
9.1.5.1 United States Breast Imaging Market
9.1.5.1.1 United States Breast Imaging Market by Product
9.1.5.1.2 United States Breast Imaging Market by End User
9.1.5.2 Canada Breast Imaging Market
9.1.5.2.1 Canada Breast Imaging Market by Product
9.1.5.2.2 Canada Breast Imaging Market by End User
9.1.5.3 Mexico Breast Imaging Market
9.1.5.3.1 Mexico Breast Imaging Market by Product
9.1.5.3.2 Mexico Breast Imaging Market by End User
9.2. EUROPE
9.2.1 Europe Breast Imaging Market Overview
9.2.2 Europe Breast Imaging Market Forecasts and Analysis
9.2.3 Europe Breast Imaging Market Forecasts and Analysis - By Product
9.2.4 Europe Breast Imaging Market Forecasts and Analysis - By End User
9.2.5 Europe Breast Imaging Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Breast Imaging Market
9.2.5.1.1 Germany Breast Imaging Market by Product
9.2.5.1.2 Germany Breast Imaging Market by End User
9.2.5.2 France Breast Imaging Market
9.2.5.2.1 France Breast Imaging Market by Product
9.2.5.2.2 France Breast Imaging Market by End User
9.2.5.3 Italy Breast Imaging Market
9.2.5.3.1 Italy Breast Imaging Market by Product
9.2.5.3.2 Italy Breast Imaging Market by End User
9.2.5.4 Spain Breast Imaging Market
9.2.5.4.1 Spain Breast Imaging Market by Product
9.2.5.4.2 Spain Breast Imaging Market by End User
9.2.5.5 United Kingdom Breast Imaging Market
9.2.5.5.1 United Kingdom Breast Imaging Market by Product
9.2.5.5.2 United Kingdom Breast Imaging Market by End User
9.2.5.6 Rest of Europe Breast Imaging Market
9.2.5.6.1 Rest of Europe Breast Imaging Market by Product
9.2.5.6.2 Rest of Europe Breast Imaging Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Breast Imaging Market Overview
9.3.2 Asia-Pacific Breast Imaging Market Forecasts and Analysis
9.3.3 Asia-Pacific Breast Imaging Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Breast Imaging Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Breast Imaging Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Breast Imaging Market
9.3.5.1.1 Australia Breast Imaging Market by Product
9.3.5.1.2 Australia Breast Imaging Market by End User
9.3.5.2 China Breast Imaging Market
9.3.5.2.1 China Breast Imaging Market by Product
9.3.5.2.2 China Breast Imaging Market by End User
9.3.5.3 India Breast Imaging Market
9.3.5.3.1 India Breast Imaging Market by Product
9.3.5.3.2 India Breast Imaging Market by End User
9.3.5.4 Japan Breast Imaging Market
9.3.5.4.1 Japan Breast Imaging Market by Product
9.3.5.4.2 Japan Breast Imaging Market by End User
9.3.5.5 South Korea Breast Imaging Market
9.3.5.5.1 South Korea Breast Imaging Market by Product
9.3.5.5.2 South Korea Breast Imaging Market by End User
9.3.5.6 Rest of Asia-Pacific Breast Imaging Market
9.3.5.6.1 Rest of Asia-Pacific Breast Imaging Market by Product
9.3.5.6.2 Rest of Asia-Pacific Breast Imaging Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Breast Imaging Market Overview
9.4.2 Middle East and Africa Breast Imaging Market Forecasts and Analysis
9.4.3 Middle East and Africa Breast Imaging Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Breast Imaging Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Breast Imaging Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Breast Imaging Market
9.4.5.1.1 South Africa Breast Imaging Market by Product
9.4.5.1.2 South Africa Breast Imaging Market by End User
9.4.5.2 Saudi Arabia Breast Imaging Market
9.4.5.2.1 Saudi Arabia Breast Imaging Market by Product
9.4.5.2.2 Saudi Arabia Breast Imaging Market by End User
9.4.5.3 U.A.E Breast Imaging Market
9.4.5.3.1 U.A.E Breast Imaging Market by Product
9.4.5.3.2 U.A.E Breast Imaging Market by End User
9.4.5.4 Rest of Middle East and Africa Breast Imaging Market
9.4.5.4.1 Rest of Middle East and Africa Breast Imaging Market by Product
9.4.5.4.2 Rest of Middle East and Africa Breast Imaging Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Breast Imaging Market Overview
9.5.2 South and Central America Breast Imaging Market Forecasts and Analysis
9.5.3 South and Central America Breast Imaging Market Forecasts and Analysis - By Product
9.5.4 South and Central America Breast Imaging Market Forecasts and Analysis - By End User
9.5.5 South and Central America Breast Imaging Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Breast Imaging Market
9.5.5.1.1 Brazil Breast Imaging Market by Product
9.5.5.1.2 Brazil Breast Imaging Market by End User
9.5.5.2 Argentina Breast Imaging Market
9.5.5.2.1 Argentina Breast Imaging Market by Product
9.5.5.2.2 Argentina Breast Imaging Market by End User
9.5.5.3 Rest of South and Central America Breast Imaging Market
9.5.5.3.1 Rest of South and Central America Breast Imaging Market by Product
9.5.5.3.2 Rest of South and Central America Breast Imaging Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL BREAST IMAGING 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. BREAST IMAGING MARKET, KEY COMPANY PROFILES
12.1. HOLOGIC INC.
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. GE HEALTHCARE
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. SIEMENS HEALTHCARE
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. PHILIPS HEALTHCARE
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. FUJIFILM HOLDINGS 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. GAMMA MEDICA, INC.
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. TOSHIBA CORPORATION
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. SONOCIN
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. AURORA IMAGING TECHNOLOGY, INC.
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. DILON TECHNOLOGIES, INC.
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

The List of Companies

1. Hologic Inc.
2. General Electric Company
3. Siemens Healthcare GmbH
4. Koninklijke Philips N.V.
5. FUJIFILM Corporation
6. CMR Naviscan
7. TOSHIBA CORPORATION
8. SonoCiné
9. Dilon Technologies, Inc.
10. Aurora Imaging Technology, Inc.

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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