Ceiling Patient Lifts Market Size & CAGR (2023-2031)
The Ceiling Patient Lifts Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Fixed Ceiling Lifts, Bariatric Ceiling Lifts, Portable Ceiling Lifts). The report is segmented by Application (Hospital, Nursing Houses, Retirement Home, Others). 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 ReportThe report Ceiling Patient Lifts 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.
Ceiling Patient Lifts Market Segmentation
Product Type- Fixed Ceiling Lifts
- Bariatric Ceiling Lifts
- Portable Ceiling Lifts; Application
- Hospital
- Nursing Houses
- Retirement Home
- Others
Strategic Insights
Ceiling Patient Lifts Market Growth Drivers- The Ever-expanding market for ceiling patient lifts: The unable populace is one of the most common factors associated with the market for ceiling patient lifts. Due to the rise in the global population, chronic conditions and disabilities that require assistance in mobility are also on the increase. Most elderly patients have mobility limitations that make them very difficult to lift and transfer, hence the patient lifts, and the ceiling lifts in particular, are in high demand. These lifts are safer, more comfortable, efficient and effective means to move patients around either in health facilities or at their homes.
- Rising Healthcare Costs: The healthcare systems are being called upon more and more to provide quality health care without raising the costs. Ceiling patient lifts assist in avoiding wasting time and preventing staff injuries while enhancing health care quality. Since ceiling lifts help alleviate the effort needed from medical personnel, it increases the efficiency of the facilities and shrinks the costs associated with staff injuries incidence; thus serving both the operational needs of hospitals and nursing homes and the economic aspects of home care.
- Focus on Patient Safety and Comfort: In response to growing awareness about the importance of patient safety, healthcare practitioners started incorporating more technologies geared towards ensuring patient injury during transfer is minimized. The employ of ceiling lifts enhances the safety of patient handling by doing away with manual lifting which hysterically, causes patient falls or strain. The ability to lift or reposition one’s patients, without causing irritation transforms the working environment thereby making ceiling lifts a vital equipment for the contemporary health care setting.
- Introduction of the Internet of Things (IoT): One of the more recent trends is the inclusion of Smart IoT features into the Alimit ceiling lifts systems. Typically, ceiling lifts come with smart devices, sensor networks and cloud systems. This revolutionizes the way healthcare providers manage equipment by allowing them to control the equipment to monitor the level of use, the maintenance schedule and manage the equipment as a whole respectfully. The lifts which are controlled by IoT reduce the idle time and also enhance the processes of patient lifting.
- Expansion of Home Healthcare Services: Due to the increase in home care, there has been a significant lift market growth ceiling demand in the home environment. Home care is becoming increasingly favored by a growing number of patients, and also, they need equipment that would ensure safe lifting and repositioning of patients. Smaller, cheaper and easier to fit ceiling lifts designed specifically for home use have been introduced due to increased home care services. These trends have led to the expansion of customer base of ceiling patient lift producers.
- Concentration on Safety and Ease of Use: The designing of the ceiling patient lifts that are safe for the patients as well as convenient for the use by the health worker has also been on the rise. Marketing of easy to use and less straining to the caregivers horizontal lifts is on the increase these days. This is important because even as healthcare facilities seek to minimize on caregiver strain and maximize productivity, patient safety remains an issue that cannot be compromised.
- Technological Innovations in Lift Design: Thanks to changes in technology, ceiling lift manufacturers have a wide latitude to create more sophisticated and ornate ceiling lifts. For instance, these include, but are not limited to, ceiling lifts with a higher load bearing capacity, fully integrated lifting and transfer systems and ceiling lifts meant for different diseases or conditions (such as Obesity, ICU and High Dependency Units or even Orthopedics and Rehabilitation). Furthermore, in the future, lifts may also be produced that interact with the workforce via machine learning and AI in order to foresee lift maintenance and productive usage of an asset.
- Working with Organizations that Provide Homecare: As the shift toward care in the home is becoming more widespread, now is the time for ceiling lift manufacturers to be engaging in business with homecare agencies and caregivers. The growing market for home healthcare could be met by providing innovative affordable ceiling lift solutions that are flexible and easy to use for the families. There might be auxiliary offerings like a portable lift or easy to fit up lift so that they do not compromise on use and safety for the individual patient.
- Government Support and Regulations: In several countries, in addition, to more general market opportunity, the health and safety regulations and policies targeted at improving healthcare standards and safety of workers provide an inclination to a growing market. More patient safety solutions are embraced by the government and also standards to ensure the health institutions take care of the lifting of vulnerable patients are being put in place. Most of such policies already embrace the use of safety equipment specially ceiling lifts which most healthcare facilities are seeking.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ceiling Patient Lifts 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 Ceiling Patient Lifts 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
Players operating in the market are Hill-Rom Services, Inc, 101 Mobility, LL, Arjo, Savaria, Silver Cross, Handicare, GAMBURD INC, Norco Inc, Vancare, Amico Group of Companies
Fixed Ceiling Lifts segment, by product type, dominated the market in 2023.
North America region dominated the Ceiling Patient Lifts market in 2023.
Working with Organizations that Provide Homecare act as a opportunity for growth of the market in forecast period.
The Ceiling Patient Lifts Market is estimated to witness a CAGR of 7.2% from 202#to 2031
The major factors driving the Ceiling Patient Lifts market are:
1. The Ever-expanding market for ceiling patient lifts
2. Focus on Patient Safety and Comfort
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ceiling Patient Lifts Market - By Product Type
1.3.2 Ceiling Patient Lifts Market - By Application
1.3.3 Ceiling Patient Lifts Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CEILING PATIENT LIFTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CEILING PATIENT LIFTS 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. CEILING PATIENT LIFTS MARKET - GLOBAL MARKET ANALYSIS
6.1. CEILING PATIENT LIFTS - GLOBAL MARKET OVERVIEW
6.2. CEILING PATIENT LIFTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CEILING PATIENT LIFTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED CEILING LIFTS
7.3.1. Overview
7.3.2. Fixed Ceiling Lifts Market Forecast and Analysis
7.4. BARIATRIC CEILING LIFTS
7.4.1. Overview
7.4.2. Bariatric Ceiling Lifts Market Forecast and Analysis
7.5. PORTABLE CEILING LIFTS
7.5.1. Overview
7.5.2. Portable Ceiling Lifts Market Forecast and Analysis
8. CEILING PATIENT LIFTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. NURSING HOUSES
8.4.1. Overview
8.4.2. Nursing Houses Market Forecast and Analysis
8.5. RETIREMENT HOME
8.5.1. Overview
8.5.2. Retirement Home Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CEILING PATIENT LIFTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ceiling Patient Lifts Market Overview
9.1.2 North America Ceiling Patient Lifts Market Forecasts and Analysis
9.1.3 North America Ceiling Patient Lifts Market Forecasts and Analysis - By Product Type
9.1.4 North America Ceiling Patient Lifts Market Forecasts and Analysis - By Application
9.1.5 North America Ceiling Patient Lifts Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ceiling Patient Lifts Market
9.1.5.1.1 United States Ceiling Patient Lifts Market by Product Type
9.1.5.1.2 United States Ceiling Patient Lifts Market by Application
9.1.5.2 Canada Ceiling Patient Lifts Market
9.1.5.2.1 Canada Ceiling Patient Lifts Market by Product Type
9.1.5.2.2 Canada Ceiling Patient Lifts Market by Application
9.1.5.3 Mexico Ceiling Patient Lifts Market
9.1.5.3.1 Mexico Ceiling Patient Lifts Market by Product Type
9.1.5.3.2 Mexico Ceiling Patient Lifts Market by Application
9.2. EUROPE
9.2.1 Europe Ceiling Patient Lifts Market Overview
9.2.2 Europe Ceiling Patient Lifts Market Forecasts and Analysis
9.2.3 Europe Ceiling Patient Lifts Market Forecasts and Analysis - By Product Type
9.2.4 Europe Ceiling Patient Lifts Market Forecasts and Analysis - By Application
9.2.5 Europe Ceiling Patient Lifts Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ceiling Patient Lifts Market
9.2.5.1.1 Germany Ceiling Patient Lifts Market by Product Type
9.2.5.1.2 Germany Ceiling Patient Lifts Market by Application
9.2.5.2 France Ceiling Patient Lifts Market
9.2.5.2.1 France Ceiling Patient Lifts Market by Product Type
9.2.5.2.2 France Ceiling Patient Lifts Market by Application
9.2.5.3 Italy Ceiling Patient Lifts Market
9.2.5.3.1 Italy Ceiling Patient Lifts Market by Product Type
9.2.5.3.2 Italy Ceiling Patient Lifts Market by Application
9.2.5.4 Spain Ceiling Patient Lifts Market
9.2.5.4.1 Spain Ceiling Patient Lifts Market by Product Type
9.2.5.4.2 Spain Ceiling Patient Lifts Market by Application
9.2.5.5 United Kingdom Ceiling Patient Lifts Market
9.2.5.5.1 United Kingdom Ceiling Patient Lifts Market by Product Type
9.2.5.5.2 United Kingdom Ceiling Patient Lifts Market by Application
9.2.5.6 Rest of Europe Ceiling Patient Lifts Market
9.2.5.6.1 Rest of Europe Ceiling Patient Lifts Market by Product Type
9.2.5.6.2 Rest of Europe Ceiling Patient Lifts Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ceiling Patient Lifts Market Overview
9.3.2 Asia-Pacific Ceiling Patient Lifts Market Forecasts and Analysis
9.3.3 Asia-Pacific Ceiling Patient Lifts Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Ceiling Patient Lifts Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Ceiling Patient Lifts Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ceiling Patient Lifts Market
9.3.5.1.1 Australia Ceiling Patient Lifts Market by Product Type
9.3.5.1.2 Australia Ceiling Patient Lifts Market by Application
9.3.5.2 China Ceiling Patient Lifts Market
9.3.5.2.1 China Ceiling Patient Lifts Market by Product Type
9.3.5.2.2 China Ceiling Patient Lifts Market by Application
9.3.5.3 India Ceiling Patient Lifts Market
9.3.5.3.1 India Ceiling Patient Lifts Market by Product Type
9.3.5.3.2 India Ceiling Patient Lifts Market by Application
9.3.5.4 Japan Ceiling Patient Lifts Market
9.3.5.4.1 Japan Ceiling Patient Lifts Market by Product Type
9.3.5.4.2 Japan Ceiling Patient Lifts Market by Application
9.3.5.5 South Korea Ceiling Patient Lifts Market
9.3.5.5.1 South Korea Ceiling Patient Lifts Market by Product Type
9.3.5.5.2 South Korea Ceiling Patient Lifts Market by Application
9.3.5.6 Rest of Asia-Pacific Ceiling Patient Lifts Market
9.3.5.6.1 Rest of Asia-Pacific Ceiling Patient Lifts Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Ceiling Patient Lifts Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ceiling Patient Lifts Market Overview
9.4.2 Middle East and Africa Ceiling Patient Lifts Market Forecasts and Analysis
9.4.3 Middle East and Africa Ceiling Patient Lifts Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Ceiling Patient Lifts Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Ceiling Patient Lifts Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ceiling Patient Lifts Market
9.4.5.1.1 South Africa Ceiling Patient Lifts Market by Product Type
9.4.5.1.2 South Africa Ceiling Patient Lifts Market by Application
9.4.5.2 Saudi Arabia Ceiling Patient Lifts Market
9.4.5.2.1 Saudi Arabia Ceiling Patient Lifts Market by Product Type
9.4.5.2.2 Saudi Arabia Ceiling Patient Lifts Market by Application
9.4.5.3 U.A.E Ceiling Patient Lifts Market
9.4.5.3.1 U.A.E Ceiling Patient Lifts Market by Product Type
9.4.5.3.2 U.A.E Ceiling Patient Lifts Market by Application
9.4.5.4 Rest of Middle East and Africa Ceiling Patient Lifts Market
9.4.5.4.1 Rest of Middle East and Africa Ceiling Patient Lifts Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Ceiling Patient Lifts Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ceiling Patient Lifts Market Overview
9.5.2 South and Central America Ceiling Patient Lifts Market Forecasts and Analysis
9.5.3 South and Central America Ceiling Patient Lifts Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Ceiling Patient Lifts Market Forecasts and Analysis - By Application
9.5.5 South and Central America Ceiling Patient Lifts Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ceiling Patient Lifts Market
9.5.5.1.1 Brazil Ceiling Patient Lifts Market by Product Type
9.5.5.1.2 Brazil Ceiling Patient Lifts Market by Application
9.5.5.2 Argentina Ceiling Patient Lifts Market
9.5.5.2.1 Argentina Ceiling Patient Lifts Market by Product Type
9.5.5.2.2 Argentina Ceiling Patient Lifts Market by Application
9.5.5.3 Rest of South and Central America Ceiling Patient Lifts Market
9.5.5.3.1 Rest of South and Central America Ceiling Patient Lifts Market by Product Type
9.5.5.3.2 Rest of South and Central America Ceiling Patient Lifts Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CEILING PATIENT LIFTS MARKET, KEY COMPANY PROFILES
11.1. HILL-ROM SERVICES, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. 101 MOBILITY, LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARJO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAVARIA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SILVER CROSS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HANDICARE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GAMBURD INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NORCO INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VANCARE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AMICO GROUP OF COMPANIES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Hill-Rom Services, Inc
- 101 Mobility, LL
- Arjo
- Savaria
- Silver Cross
- Handicare
- GAMBURD INC
- Norco Inc
- Vancare
- Amico Group of Companies
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.