Chromatography Instrumentation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Chromatography is a laboratory technique developed for the separation of a mixture in a chemical procedure. The mixture is dissolved in a fluid known as mobile phase. The mobile phase carries the mixture through a structure holding another material known as stationary phase. The various constituents of the mixture travel at different speeds, which eventually gets separated. The separation is based on the differential partitioning between the mobile and stationary phases.
MARKET SCOPE
The "Chromatography Instrumentation Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Chromatography Instrumentation market with detailed market segmentation by product, application and geography. The Chromatography Instrumentation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Chromatography Instrumentation market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
- Rising food safety concerns.
- Importance of chromatography tests in the drug approval process
- Growing demand research procedures & increasing proteomics & genomics
Restraints
- High cost of instruments
- Shortage of skilled professionals
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Chromatography Instrumentation market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Chromatography Instrumentation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Chromatography Instrumentation market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Chromatography Instrumentation market in these regions.
IMPACT OF COVID-19 ON CHROMATOGRAPHY INSTRUMENTATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Rising research and development activity for COVID-19 have contributed in adoption of new chromatography instrumentation instruments. The rising patient population is likely to increase the demand for chromatography instrumentation.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Chromatography Instrumentation market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Chromatography Instrumentation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Chromatography Instrumentation market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Chromatography Instrumentation market in these regions.
IMPACT OF COVID-19 ON CHROMATOGRAPHY INSTRUMENTATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Rising research and development activity for COVID-19 have contributed in adoption of new chromatography instrumentation instruments. The rising patient population is likely to increase the demand for chromatography instrumentation.
MARKET PLAYERS
The report covers key developments in the Chromatography Instrumentation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Chromatography Instrumentation market are anticipated to have lucrative growth opportunities in the future with the rising demand for Chromatography Instrumentation in the global market. Below mentioned is the list of few companies engaged in the Chromatography Instrumentation market.
The report also includes the profiles of key players in Chromatography Instrumentation market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Agilent Technologies
- Merck KGaA
- Bio-Rad Laboratories, Inc.
- PerkinElmer, Inc.
- Waters
- Shimadzu Corporation
- Danaher
- Restek Corporation
- Gilson, Inc.
- JASCO
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Chromatography Instrumentation Market - By Product
1.3.2 Chromatography Instrumentation Market - By Application
1.3.3 Chromatography Instrumentation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHROMATOGRAPHY INSTRUMENTATION 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. CHROMATOGRAPHY INSTRUMENTATION 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. CHROMATOGRAPHY INSTRUMENTATION MARKET - GLOBAL MARKET ANALYSIS
6.1. CHROMATOGRAPHY INSTRUMENTATION - GLOBAL MARKET OVERVIEW
6.2. CHROMATOGRAPHY INSTRUMENTATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CHROMATOGRAPHY INSTRUMENTATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CHROMATOGRAPHY SYSTEMS
7.3.1. Overview
7.3.2. Chromatography Systems Market Forecast and Analysis
7.3.3. Gas Chromatography Systems Market
7.3.3.1. Overview
7.3.3.2. Gas Chromatography Systems Market Forecast and Analysis
7.3.4. Liquid Chromatography Systems Market
7.3.4.1. Overview
7.3.4.2. Liquid Chromatography Systems Market Forecast and Analysis
7.3.5. Fluid Chromatography Systems Market
7.3.5.1. Overview
7.3.5.2. Fluid Chromatography Systems Market Forecast and Analysis
7.3.6. Thin Layer Chromatography Systems Market
7.3.6.1. Overview
7.3.6.2. Thin Layer Chromatography Systems Market Forecast and Analysis
7.4. CONSUMABLES AND ACCESSORIES
7.4.1. Overview
7.4.2. Consumables and Accessories Market Forecast and Analysis
7.4.3. Columns Market
7.4.3.1. Overview
7.4.3.2. Columns Market Forecast and Analysis
7.4.4. Solvents/Reagents/Adsorbents Market
7.4.4.1. Overview
7.4.4.2. Solvents/Reagents/Adsorbents Market Forecast and Analysis
7.4.5. Vials Market
7.4.5.1. Overview
7.4.5.2. Vials Market Forecast and Analysis
7.4.6. Syringes/Needles Market
7.4.6.1. Overview
7.4.6.2. Syringes/Needles Market Forecast and Analysis
7.4.7. Fittings and Tubing Market
7.4.7.1. Overview
7.4.7.2. Fittings and Tubing Market Forecast and Analysis
7.4.8. Accessories Market
7.4.8.1. Overview
7.4.8.2. Accessories Market Forecast and Analysis
8. CHROMATOGRAPHY INSTRUMENTATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AGRICULTURE
8.3.1. Overview
8.3.2. Agriculture Market Forecast and Analysis
8.4. PHARMACEUTICAL
8.4.1. Overview
8.4.2. Pharmaceutical Market Forecast and Analysis
8.5. CLINICAL RESEARCH ORGANIZATIONS
8.5.1. Overview
8.5.2. Clinical Research Organizations Market Forecast and Analysis
8.6. ENVIRONMENTAL TESTING
8.6.1. Overview
8.6.2. Environmental Testing Market Forecast and Analysis
9. CHROMATOGRAPHY INSTRUMENTATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Chromatography Instrumentation Market Overview
9.1.2 North America Chromatography Instrumentation Market Forecasts and Analysis
9.1.3 North America Chromatography Instrumentation Market Forecasts and Analysis - By Product
9.1.4 North America Chromatography Instrumentation Market Forecasts and Analysis - By Application
9.1.5 North America Chromatography Instrumentation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Chromatography Instrumentation Market
9.1.5.1.1 United States Chromatography Instrumentation Market by Product
9.1.5.1.2 United States Chromatography Instrumentation Market by Application
9.1.5.2 Canada Chromatography Instrumentation Market
9.1.5.2.1 Canada Chromatography Instrumentation Market by Product
9.1.5.2.2 Canada Chromatography Instrumentation Market by Application
9.1.5.3 Mexico Chromatography Instrumentation Market
9.1.5.3.1 Mexico Chromatography Instrumentation Market by Product
9.1.5.3.2 Mexico Chromatography Instrumentation Market by Application
9.2. EUROPE
9.2.1 Europe Chromatography Instrumentation Market Overview
9.2.2 Europe Chromatography Instrumentation Market Forecasts and Analysis
9.2.3 Europe Chromatography Instrumentation Market Forecasts and Analysis - By Product
9.2.4 Europe Chromatography Instrumentation Market Forecasts and Analysis - By Application
9.2.5 Europe Chromatography Instrumentation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Chromatography Instrumentation Market
9.2.5.1.1 Germany Chromatography Instrumentation Market by Product
9.2.5.1.2 Germany Chromatography Instrumentation Market by Application
9.2.5.2 France Chromatography Instrumentation Market
9.2.5.2.1 France Chromatography Instrumentation Market by Product
9.2.5.2.2 France Chromatography Instrumentation Market by Application
9.2.5.3 Italy Chromatography Instrumentation Market
9.2.5.3.1 Italy Chromatography Instrumentation Market by Product
9.2.5.3.2 Italy Chromatography Instrumentation Market by Application
9.2.5.4 Spain Chromatography Instrumentation Market
9.2.5.4.1 Spain Chromatography Instrumentation Market by Product
9.2.5.4.2 Spain Chromatography Instrumentation Market by Application
9.2.5.5 United Kingdom Chromatography Instrumentation Market
9.2.5.5.1 United Kingdom Chromatography Instrumentation Market by Product
9.2.5.5.2 United Kingdom Chromatography Instrumentation Market by Application
9.2.5.6 Rest of Europe Chromatography Instrumentation Market
9.2.5.6.1 Rest of Europe Chromatography Instrumentation Market by Product
9.2.5.6.2 Rest of Europe Chromatography Instrumentation Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Chromatography Instrumentation Market Overview
9.3.2 Asia-Pacific Chromatography Instrumentation Market Forecasts and Analysis
9.3.3 Asia-Pacific Chromatography Instrumentation Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Chromatography Instrumentation Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Chromatography Instrumentation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Chromatography Instrumentation Market
9.3.5.1.1 Australia Chromatography Instrumentation Market by Product
9.3.5.1.2 Australia Chromatography Instrumentation Market by Application
9.3.5.2 China Chromatography Instrumentation Market
9.3.5.2.1 China Chromatography Instrumentation Market by Product
9.3.5.2.2 China Chromatography Instrumentation Market by Application
9.3.5.3 India Chromatography Instrumentation Market
9.3.5.3.1 India Chromatography Instrumentation Market by Product
9.3.5.3.2 India Chromatography Instrumentation Market by Application
9.3.5.4 Japan Chromatography Instrumentation Market
9.3.5.4.1 Japan Chromatography Instrumentation Market by Product
9.3.5.4.2 Japan Chromatography Instrumentation Market by Application
9.3.5.5 South Korea Chromatography Instrumentation Market
9.3.5.5.1 South Korea Chromatography Instrumentation Market by Product
9.3.5.5.2 South Korea Chromatography Instrumentation Market by Application
9.3.5.6 Rest of Asia-Pacific Chromatography Instrumentation Market
9.3.5.6.1 Rest of Asia-Pacific Chromatography Instrumentation Market by Product
9.3.5.6.2 Rest of Asia-Pacific Chromatography Instrumentation Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Chromatography Instrumentation Market Overview
9.4.2 Middle East and Africa Chromatography Instrumentation Market Forecasts and Analysis
9.4.3 Middle East and Africa Chromatography Instrumentation Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Chromatography Instrumentation Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Chromatography Instrumentation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Chromatography Instrumentation Market
9.4.5.1.1 South Africa Chromatography Instrumentation Market by Product
9.4.5.1.2 South Africa Chromatography Instrumentation Market by Application
9.4.5.2 Saudi Arabia Chromatography Instrumentation Market
9.4.5.2.1 Saudi Arabia Chromatography Instrumentation Market by Product
9.4.5.2.2 Saudi Arabia Chromatography Instrumentation Market by Application
9.4.5.3 U.A.E Chromatography Instrumentation Market
9.4.5.3.1 U.A.E Chromatography Instrumentation Market by Product
9.4.5.3.2 U.A.E Chromatography Instrumentation Market by Application
9.4.5.4 Rest of Middle East and Africa Chromatography Instrumentation Market
9.4.5.4.1 Rest of Middle East and Africa Chromatography Instrumentation Market by Product
9.4.5.4.2 Rest of Middle East and Africa Chromatography Instrumentation Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Chromatography Instrumentation Market Overview
9.5.2 South and Central America Chromatography Instrumentation Market Forecasts and Analysis
9.5.3 South and Central America Chromatography Instrumentation Market Forecasts and Analysis - By Product
9.5.4 South and Central America Chromatography Instrumentation Market Forecasts and Analysis - By Application
9.5.5 South and Central America Chromatography Instrumentation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Chromatography Instrumentation Market
9.5.5.1.1 Brazil Chromatography Instrumentation Market by Product
9.5.5.1.2 Brazil Chromatography Instrumentation Market by Application
9.5.5.2 Argentina Chromatography Instrumentation Market
9.5.5.2.1 Argentina Chromatography Instrumentation Market by Product
9.5.5.2.2 Argentina Chromatography Instrumentation Market by Application
9.5.5.3 Rest of South and Central America Chromatography Instrumentation Market
9.5.5.3.1 Rest of South and Central America Chromatography Instrumentation Market by Product
9.5.5.3.2 Rest of South and Central America Chromatography Instrumentation Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CHROMATOGRAPHY INSTRUMENTATION 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. CHROMATOGRAPHY INSTRUMENTATION MARKET, KEY COMPANY PROFILES
12.1. AGILENT TECHNOLOGIES
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. MERCK KGAA
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. BIO-RAD LABORATORIES, INC
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. PERKINELMER, INC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SARTORIUS AG
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. SHIMADZU CORPORATION
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. DANAHER
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. RESTEK CORPORATION
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. GILSON, 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. THERMO FISHER SCIENTIFIC 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
1. Agilent Technologies
2. Merck KGaA
3. Bio-Rad Laboratories, Inc.
4. PerkinElmer, Inc.
5. Waters
6. Shimadzu Corporation
7. Danaher
8. Restek Corporation
9. Gilson, Inc.
10. JASCO
11. HITACHI, LTD.
12. VALCO INSTRUMENTS COMPANY, INC.
13. SRI INSTRUMENTS
14. TRAJAN SCIENTIFIC
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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