Deaf Aid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Deaf Aid Market covers analysis By Product (Receiver-in-the-Ear Hearing Aids, In-the-Ear Hearing Aids, Behind-the-Ear Hearing Aids, and Canal Hearing Aids); Technology (Digital Hearing Aids, and Analog Hearing Aids); Distribution Channel (Government Purchases, Retail Sales, and e-Commerce), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021564
  • Category : Life Sciences
  • No. of Pages : 150
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Deaf Aid Market Key Players Analysis 2031

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MARKET INTRODUCTION

Education and increased public concern about health issues are helping drive up the demand for deaf aid devices market. As the healthcare sector in emerging economies is moving towards privatization, the countries' healthcare system is also rapidly evolving along with it. Hearing service offices and general healthcare service associations with local governments in both developed and emerging economies are emphasizing early deafness screening and hearing aid access to citizens across the globe.
MARKET DYNAMIC
Factors driving the growth of the deaf aid market are growing introduction of technologically advanced products, and increasing initiatives focused on improving healthcare access. However, presence of social stigmas is likely to hamper the growth of the market. Moreover, introduction of technologically advanced products is likely to create growth opportunities in the market.

MARKET SCOPE

The "Deaf Aid Market Analysis to 2031" 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 deaf aid market with detailed market segmentation by product, technology, and distribution channel. The deaf aid 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 deaf aid market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The deaf aid market is segmented based on product, technology, and distribution channel. Based on product, the market is categorized as receiver-in-the-ear hearing aids, in-the-ear hearing aids, behind-the-ear hearing aids, and canal hearing aids. Based on technology, the market is categorized as digital hearing aids, and analog hearing aids. Based on distribution channel, the market is categorized as government purchases, retail sales, and e-commerce.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the deaf aid market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The deaf aid 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 deaf aid 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 deaf aid market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the deaf aid market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The deaf aid 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 deaf aid 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 deaf aid market in these regions.

MARKET PLAYERS

The report covers key developments in the deaf aid 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 deaf aid market are anticipated to have lucrative growth opportunities in the future with the rising demand for deaf aid in the global market. Below mentioned is the list of few companies engaged in the deaf aid market.

The report also includes the profiles of key players in deaf aid market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

  •   Medtronic
  •   MED-EL
  •   WIDEX USA, Inc.
  •   Starkey
  •   Benson Hearing
  •   Phonak
  •   GN Store Nord A/S
  •   Sivantos Pte. Ltd.
  •   William Demant Holding A/S
  •   Sonova

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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

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 Deaf Aid Market - By Product
1.3.2 Deaf Aid Market - By Technology
1.3.3 Deaf Aid Market - By Distribution Channel
1.3.4 Deaf Aid Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DEAF AID 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. DEAF AID 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. DEAF AID MARKET - GLOBAL MARKET ANALYSIS
6.1. DEAF AID - GLOBAL MARKET OVERVIEW
6.2. DEAF AID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DEAF AID MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. RECEIVER-IN-THE-EAR HEARING AIDS
7.3.1. Overview
7.3.2. Receiver-in-the-Ear Hearing Aids Market Forecast and Analysis
7.4. IN-THE-EAR HEARING AIDS
7.4.1. Overview
7.4.2. In-the-Ear Hearing Aids Market Forecast and Analysis
7.5. BEHIND-THE-EAR HEARING AIDS
7.5.1. Overview
7.5.2. Behind-the-Ear Hearing Aids Market Forecast and Analysis
7.6. CANAL HEARING AIDS
7.6.1. Overview
7.6.2. Canal Hearing Aids Market Forecast and Analysis
8. DEAF AID MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. DIGITAL HEARING AIDS
8.3.1. Overview
8.3.2. Digital Hearing Aids Market Forecast and Analysis
8.4. ANALOG HEARING AIDS
8.4.1. Overview
8.4.2. Analog Hearing Aids Market Forecast and Analysis
9. DEAF AID MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. GOVERNMENT PURCHASES
9.3.1. Overview
9.3.2. Government Purchases Market Forecast and Analysis
9.4. RETAIL SALES
9.4.1. Overview
9.4.2. Retail Sales Market Forecast and Analysis
9.5. E-COMMERCE
9.5.1. Overview
9.5.2. e-Commerce Market Forecast and Analysis
10. DEAF AID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Deaf Aid Market Overview
10.1.2 North America Deaf Aid Market Forecasts and Analysis
10.1.3 North America Deaf Aid Market Forecasts and Analysis - By Product
10.1.4 North America Deaf Aid Market Forecasts and Analysis - By Technology
10.1.5 North America Deaf Aid Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Deaf Aid Market Forecasts and Analysis - By Countries
10.1.6.1 United States Deaf Aid Market
10.1.6.1.1 United States Deaf Aid Market by Product
10.1.6.1.2 United States Deaf Aid Market by Technology
10.1.6.1.3 United States Deaf Aid Market by Distribution Channel
10.1.6.2 Canada Deaf Aid Market
10.1.6.2.1 Canada Deaf Aid Market by Product
10.1.6.2.2 Canada Deaf Aid Market by Technology
10.1.6.2.3 Canada Deaf Aid Market by Distribution Channel
10.1.6.3 Mexico Deaf Aid Market
10.1.6.3.1 Mexico Deaf Aid Market by Product
10.1.6.3.2 Mexico Deaf Aid Market by Technology
10.1.6.3.3 Mexico Deaf Aid Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Deaf Aid Market Overview
10.2.2 Europe Deaf Aid Market Forecasts and Analysis
10.2.3 Europe Deaf Aid Market Forecasts and Analysis - By Product
10.2.4 Europe Deaf Aid Market Forecasts and Analysis - By Technology
10.2.5 Europe Deaf Aid Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Deaf Aid Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Deaf Aid Market
10.2.6.1.1 Germany Deaf Aid Market by Product
10.2.6.1.2 Germany Deaf Aid Market by Technology
10.2.6.1.3 Germany Deaf Aid Market by Distribution Channel
10.2.6.2 France Deaf Aid Market
10.2.6.2.1 France Deaf Aid Market by Product
10.2.6.2.2 France Deaf Aid Market by Technology
10.2.6.2.3 France Deaf Aid Market by Distribution Channel
10.2.6.3 Italy Deaf Aid Market
10.2.6.3.1 Italy Deaf Aid Market by Product
10.2.6.3.2 Italy Deaf Aid Market by Technology
10.2.6.3.3 Italy Deaf Aid Market by Distribution Channel
10.2.6.4 Spain Deaf Aid Market
10.2.6.4.1 Spain Deaf Aid Market by Product
10.2.6.4.2 Spain Deaf Aid Market by Technology
10.2.6.4.3 Spain Deaf Aid Market by Distribution Channel
10.2.6.5 United Kingdom Deaf Aid Market
10.2.6.5.1 United Kingdom Deaf Aid Market by Product
10.2.6.5.2 United Kingdom Deaf Aid Market by Technology
10.2.6.5.3 United Kingdom Deaf Aid Market by Distribution Channel
10.2.6.6 Rest of Europe Deaf Aid Market
10.2.6.6.1 Rest of Europe Deaf Aid Market by Product
10.2.6.6.2 Rest of Europe Deaf Aid Market by Technology
10.2.6.6.3 Rest of Europe Deaf Aid Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Deaf Aid Market Overview
10.3.2 Asia-Pacific Deaf Aid Market Forecasts and Analysis
10.3.3 Asia-Pacific Deaf Aid Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Deaf Aid Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Deaf Aid Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Deaf Aid Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Deaf Aid Market
10.3.6.1.1 Australia Deaf Aid Market by Product
10.3.6.1.2 Australia Deaf Aid Market by Technology
10.3.6.1.3 Australia Deaf Aid Market by Distribution Channel
10.3.6.2 China Deaf Aid Market
10.3.6.2.1 China Deaf Aid Market by Product
10.3.6.2.2 China Deaf Aid Market by Technology
10.3.6.2.3 China Deaf Aid Market by Distribution Channel
10.3.6.3 India Deaf Aid Market
10.3.6.3.1 India Deaf Aid Market by Product
10.3.6.3.2 India Deaf Aid Market by Technology
10.3.6.3.3 India Deaf Aid Market by Distribution Channel
10.3.6.4 Japan Deaf Aid Market
10.3.6.4.1 Japan Deaf Aid Market by Product
10.3.6.4.2 Japan Deaf Aid Market by Technology
10.3.6.4.3 Japan Deaf Aid Market by Distribution Channel
10.3.6.5 South Korea Deaf Aid Market
10.3.6.5.1 South Korea Deaf Aid Market by Product
10.3.6.5.2 South Korea Deaf Aid Market by Technology
10.3.6.5.3 South Korea Deaf Aid Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Deaf Aid Market
10.3.6.6.1 Rest of Asia-Pacific Deaf Aid Market by Product
10.3.6.6.2 Rest of Asia-Pacific Deaf Aid Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Deaf Aid Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Deaf Aid Market Overview
10.4.2 Middle East and Africa Deaf Aid Market Forecasts and Analysis
10.4.3 Middle East and Africa Deaf Aid Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Deaf Aid Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Deaf Aid Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Deaf Aid Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Deaf Aid Market
10.4.6.1.1 South Africa Deaf Aid Market by Product
10.4.6.1.2 South Africa Deaf Aid Market by Technology
10.4.6.1.3 South Africa Deaf Aid Market by Distribution Channel
10.4.6.2 Saudi Arabia Deaf Aid Market
10.4.6.2.1 Saudi Arabia Deaf Aid Market by Product
10.4.6.2.2 Saudi Arabia Deaf Aid Market by Technology
10.4.6.2.3 Saudi Arabia Deaf Aid Market by Distribution Channel
10.4.6.3 U.A.E Deaf Aid Market
10.4.6.3.1 U.A.E Deaf Aid Market by Product
10.4.6.3.2 U.A.E Deaf Aid Market by Technology
10.4.6.3.3 U.A.E Deaf Aid Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Deaf Aid Market
10.4.6.4.1 Rest of Middle East and Africa Deaf Aid Market by Product
10.4.6.4.2 Rest of Middle East and Africa Deaf Aid Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Deaf Aid Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Deaf Aid Market Overview
10.5.2 South and Central America Deaf Aid Market Forecasts and Analysis
10.5.3 South and Central America Deaf Aid Market Forecasts and Analysis - By Product
10.5.4 South and Central America Deaf Aid Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Deaf Aid Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Deaf Aid Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Deaf Aid Market
10.5.6.1.1 Brazil Deaf Aid Market by Product
10.5.6.1.2 Brazil Deaf Aid Market by Technology
10.5.6.1.3 Brazil Deaf Aid Market by Distribution Channel
10.5.6.2 Argentina Deaf Aid Market
10.5.6.2.1 Argentina Deaf Aid Market by Product
10.5.6.2.2 Argentina Deaf Aid Market by Technology
10.5.6.2.3 Argentina Deaf Aid Market by Distribution Channel
10.5.6.3 Rest of South and Central America Deaf Aid Market
10.5.6.3.1 Rest of South and Central America Deaf Aid Market by Product
10.5.6.3.2 Rest of South and Central America Deaf Aid Market by Technology
10.5.6.3.3 Rest of South and Central America Deaf Aid Market by Distribution Channel
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DEAF AID MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. DEAF AID MARKET, KEY COMPANY PROFILES
13.1. MEDTRONIC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MED-EL
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. WIDEX USA, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. STARKEY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BENSON HEARING
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. PHONAK
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. GN STORE NORD A/S
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SIVANTOS PTE. LTD.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. WILLIAM DEMANT HOLDING A/S
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SONOVA
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. Medtronic
2. MED-EL
3. WIDEX USA, Inc.
4. Starkey
5. Benson Hearing
6. Phonak
7. GN Store Nord A/S
8. Sivantos Pte. Ltd.
9. William Demant Holding A/S
10. Sonova
11. Hansaton Akustik GmbH
12. Horentek
13. Soundrise Hearing Solutions Pvt. Ltd.
14. Cochlear Ltd.
15. Audina Hearing Instruments, Inc.
16. Microson
17. Oticon, Inc.
18. Rion Co., Ltd.

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.

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