Dental Laboratory Furnace Market Analysis, Opportunities by 2031
The Dental Laboratory Furnace Market is expected to register a CAGR of 6.4% 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 (Sintering Furnaces, Burnout Furnaces, Production Furnaces). The report is segmented by End users (Dental Laboratories, Dental Clinics). 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 Dental Laboratory Furnace 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.
Dental Laboratory Furnace Market Segmentation
Product- Sintering Furnaces
- Burnout Furnaces
- Production Furnaces
- Dental Laboratories
- Dental Clinics
Strategic Insights
Dental Laboratory Furnace Market Growth Drivers- Advancements in Dental Technology are driving the dental laboratory furnace market: The driving factor in this regard is the development of innovative materials such as high-performance ceramics, zirconia, and lithium disilicate. Their influence on the demand for high-precision dental furnaces has significantly increased due to their application in sintering and processing these advanced materials to achieve maximum strength, aesthetics, and durability for modern furnaces. With improving dental procedures comes the growing need for furnaces that can deal with requirements for material quality and processing abilities that are emerging.
- Aesthetic Dentistry Growth: A rising demand for aesthetic dentistry such as crowns, bridges, and veneers could also be accounted for as a contributing factor to the increasing sales of dental laboratory furnaces. Aesthetic dentistry needs the best materials with the most precise manufacturing procedures, which can only be afforded through advanced furnace engineering. As the trends among consumers were moving from convention to something that would look beautiful, the same thing goes with the facilities that fuel the market of furnaces with the production of such materials with improved translucency, color matching, and strength.
- Global Dental Tourism on the Rise: Dental tourism, or travel across borders to have dental care because of either lower costs or better standards, is another area that keeps gaining prominence in developing the dental laboratory furnace market. Countries with a specific niche in dental procedures are experiencing an increased demand for advanced dental procedures and treatments, many of which would necessitate high technology in equipment such as the dental furnace. With international standards and an increase in dental tourists, the demand for high-quality furnaces is growing; hence, laboratories will drive up the requirements of laboratory furnaces.
- Integration of Digital Technologies: Digitalization in the dental sector is changing the way dental laboratories have been previously working; just like in the rest of the world, furnaces are not left behind. The integration of digital technologies like CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) with furnaces is highly developed. This helps eliminate manual errors and streamline the manufacturing process with high precision. Furnaces are now designed with abilities such as touchscreens and wireless connectivity with automated functionality to ease their use and efficiency.
- Compact and Energy Efficiency Dental Laboratory Furnaces: There is an increasing trend toward compact, energy-efficient dental laboratory furnaces. Dental labs are looking for a way to decrease energy consumption while remaining highly in operation. Many dental labs operate from small areas, hence demand compact furnaces that save space. Energy efficiency furnaces that consume more energy efficiently while heating up quicker are also in high demand since they result in fewer operational costs overall.
- Customization and Flexibility: The growing need for furnaces for dental applications has increased within laboratories nowadays. Such furnaces thereby allow adjustment of certain variable parameters like temperature, time, and revolution cycles in order to meet a more specified use such as porcelain, ceramics, and other common advanced materials. All these can be used today for the different types of customizations and applications needed for every single facility due to the versatility of the materials used.
- Rising Adoption of 3D Printing Technology: There's a great space made with the adoption of 3D printing in dentistry into new avenues with respect to dental furnaces. Since 3D printing is constantly requiring applications in the dental lab for making crowns, bridges, and dentures, there's an increase in the demand for products related to furnace systems that can handle these prints effectively. The opportunity in the dental laboratory furnace market comes in as an interest for furnaces specified for sintering or curing 3D: printed dental items.
- Diverse Needs of Patients in Maintaining Oral Health: The number of patients seeking personalized and customized dental solutions is on an increase as the need for treatments tailored to individuals grow. Dental furnaces which can control material properties with high accuracy are critical to the production of custom dental restorations like crowns and implants. The ability to produce these highly customized dental solutions, which are characterized by superior aesthetics and functions, affords a significant business opportunity for furnace manufacturers in terms of both expansion of product lines and direct meeting of the rising demand for such customized dental services.
- Partnerships and Collaborations in Product Development: There is an opportunity for the next: generation furnaces in product development, especially through strategic partnerships between dental laboratory equipment manufacturers, material suppliers, and research institutions. These partnerships will eventually lead to the development of more sophisticated, versatile, and efficient furnace models to meet the needs of dental laboratories. Innovation and introduction of cutting: edge products to the market by combining expertise from different sectors assist companies in capturing a larger share of an industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Dental Laboratory Furnace 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 Dental Laboratory Furnace Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORKHave a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Players operating in the market are Sentro Tech, Carbolite Gero, Shenpaz Dental Ltd., Ivoclar Vivadent, Dentsply Sirona, Protherm Furnaces, Brother Furnace, Nabertherm, Addin co., Ltd, Bionics Scientific
Sintering Furnaces segment, by Product, dominated the market in 2023.
North America region dominated the Dental Laboratory Furnace market in 2023.
Rising Adoption of 3D Printing Technology act as a opportunity for growth of the market in forecast period.
The Dental Laboratory Furnace Market is estimated to witness a CAGR of 6.4% from 202#to 2031
The major factors driving the Dental Laboratory Furnace market are:
1. Advancements in Dental Technology
2. Aesthetic Dentistry Growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Dental Laboratory Furnace Market - By Product
1.3.2 Dental Laboratory Furnace Market - By End users
1.3.3 Dental Laboratory Furnace Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DENTAL LABORATORY FURNACE 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. DENTAL LABORATORY FURNACE 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. DENTAL LABORATORY FURNACE MARKET - GLOBAL MARKET ANALYSIS
6.1. DENTAL LABORATORY FURNACE - GLOBAL MARKET OVERVIEW
6.2. DENTAL LABORATORY FURNACE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DENTAL LABORATORY FURNACE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SINTERING FURNACES
7.3.1. Overview
7.3.2. Sintering Furnaces Market Forecast and Analysis
7.4. BURNOUT FURNACES
7.4.1. Overview
7.4.2. Burnout Furnaces Market Forecast and Analysis
7.5. PRODUCTION FURNACES
7.5.1. Overview
7.5.2. Production Furnaces Market Forecast and Analysis
8. DENTAL LABORATORY FURNACE MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
8.1. OVERVIEW
8.2. END USERS MARKET FORECASTS AND ANALYSIS
8.3. DENTAL LABORATORIES
8.3.1. Overview
8.3.2. Dental Laboratories Market Forecast and Analysis
8.4. DENTAL CLINICS
8.4.1. Overview
8.4.2. Dental Clinics Market Forecast and Analysis
9. DENTAL LABORATORY FURNACE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Dental Laboratory Furnace Market Overview
9.1.2 North America Dental Laboratory Furnace Market Forecasts and Analysis
9.1.3 North America Dental Laboratory Furnace Market Forecasts and Analysis - By Product
9.1.4 North America Dental Laboratory Furnace Market Forecasts and Analysis - By End users
9.1.5 North America Dental Laboratory Furnace Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Dental Laboratory Furnace Market
9.1.5.1.1 Canada Dental Laboratory Furnace Market by Product
9.1.5.1.2 Canada Dental Laboratory Furnace Market by End users
9.1.5.2 Mexico Dental Laboratory Furnace Market
9.1.5.2.1 Mexico Dental Laboratory Furnace Market by Product
9.1.5.2.2 Mexico Dental Laboratory Furnace Market by End users
9.1.5.3 US Dental Laboratory Furnace Market
9.1.5.3.1 US Dental Laboratory Furnace Market by Product
9.1.5.3.2 US Dental Laboratory Furnace Market by End users
9.2. EUROPE
9.2.1 Europe Dental Laboratory Furnace Market Overview
9.2.2 Europe Dental Laboratory Furnace Market Forecasts and Analysis
9.2.3 Europe Dental Laboratory Furnace Market Forecasts and Analysis - By Product
9.2.4 Europe Dental Laboratory Furnace Market Forecasts and Analysis - By End users
9.2.5 Europe Dental Laboratory Furnace Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Dental Laboratory Furnace Market
9.2.5.1.1 Germany Dental Laboratory Furnace Market by Product
9.2.5.1.2 Germany Dental Laboratory Furnace Market by End users
9.2.5.2 France Dental Laboratory Furnace Market
9.2.5.2.1 France Dental Laboratory Furnace Market by Product
9.2.5.2.2 France Dental Laboratory Furnace Market by End users
9.2.5.3 Italy Dental Laboratory Furnace Market
9.2.5.3.1 Italy Dental Laboratory Furnace Market by Product
9.2.5.3.2 Italy Dental Laboratory Furnace Market by End users
9.2.5.4 Spain Dental Laboratory Furnace Market
9.2.5.4.1 Spain Dental Laboratory Furnace Market by Product
9.2.5.4.2 Spain Dental Laboratory Furnace Market by End users
9.2.5.5 United Kingdom Dental Laboratory Furnace Market
9.2.5.5.1 United Kingdom Dental Laboratory Furnace Market by Product
9.2.5.5.2 United Kingdom Dental Laboratory Furnace Market by End users
9.2.5.6 Rest of Europe Dental Laboratory Furnace Market
9.2.5.6.1 Rest of Europe Dental Laboratory Furnace Market by Product
9.2.5.6.2 Rest of Europe Dental Laboratory Furnace Market by End users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Dental Laboratory Furnace Market Overview
9.3.2 Asia-Pacific Dental Laboratory Furnace Market Forecasts and Analysis
9.3.3 Asia-Pacific Dental Laboratory Furnace Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Dental Laboratory Furnace Market Forecasts and Analysis - By End users
9.3.5 Asia-Pacific Dental Laboratory Furnace Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Dental Laboratory Furnace Market
9.3.5.1.1 Australia Dental Laboratory Furnace Market by Product
9.3.5.1.2 Australia Dental Laboratory Furnace Market by End users
9.3.5.2 China Dental Laboratory Furnace Market
9.3.5.2.1 China Dental Laboratory Furnace Market by Product
9.3.5.2.2 China Dental Laboratory Furnace Market by End users
9.3.5.3 India Dental Laboratory Furnace Market
9.3.5.3.1 India Dental Laboratory Furnace Market by Product
9.3.5.3.2 India Dental Laboratory Furnace Market by End users
9.3.5.4 Japan Dental Laboratory Furnace Market
9.3.5.4.1 Japan Dental Laboratory Furnace Market by Product
9.3.5.4.2 Japan Dental Laboratory Furnace Market by End users
9.3.5.5 South Korea Dental Laboratory Furnace Market
9.3.5.5.1 South Korea Dental Laboratory Furnace Market by Product
9.3.5.5.2 South Korea Dental Laboratory Furnace Market by End users
9.3.5.6 Rest of Asia-Pacific Dental Laboratory Furnace Market
9.3.5.6.1 Rest of Asia-Pacific Dental Laboratory Furnace Market by Product
9.3.5.6.2 Rest of Asia-Pacific Dental Laboratory Furnace Market by End users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Dental Laboratory Furnace Market Overview
9.4.2 Middle East and Africa Dental Laboratory Furnace Market Forecasts and Analysis
9.4.3 Middle East and Africa Dental Laboratory Furnace Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Dental Laboratory Furnace Market Forecasts and Analysis - By End users
9.4.5 Middle East and Africa Dental Laboratory Furnace Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Dental Laboratory Furnace Market
9.4.5.1.1 South Africa Dental Laboratory Furnace Market by Product
9.4.5.1.2 South Africa Dental Laboratory Furnace Market by End users
9.4.5.2 Saudi Arabia Dental Laboratory Furnace Market
9.4.5.2.1 Saudi Arabia Dental Laboratory Furnace Market by Product
9.4.5.2.2 Saudi Arabia Dental Laboratory Furnace Market by End users
9.4.5.3 U.A.E Dental Laboratory Furnace Market
9.4.5.3.1 U.A.E Dental Laboratory Furnace Market by Product
9.4.5.3.2 U.A.E Dental Laboratory Furnace Market by End users
9.4.5.4 Rest of Middle East and Africa Dental Laboratory Furnace Market
9.4.5.4.1 Rest of Middle East and Africa Dental Laboratory Furnace Market by Product
9.4.5.4.2 Rest of Middle East and Africa Dental Laboratory Furnace Market by End users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Dental Laboratory Furnace Market Overview
9.5.2 South and Central America Dental Laboratory Furnace Market Forecasts and Analysis
9.5.3 South and Central America Dental Laboratory Furnace Market Forecasts and Analysis - By Product
9.5.4 South and Central America Dental Laboratory Furnace Market Forecasts and Analysis - By End users
9.5.5 South and Central America Dental Laboratory Furnace Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Dental Laboratory Furnace Market
9.5.5.1.1 Brazil Dental Laboratory Furnace Market by Product
9.5.5.1.2 Brazil Dental Laboratory Furnace Market by End users
9.5.5.2 Argentina Dental Laboratory Furnace Market
9.5.5.2.1 Argentina Dental Laboratory Furnace Market by Product
9.5.5.2.2 Argentina Dental Laboratory Furnace Market by End users
9.5.5.3 Rest of South and Central America Dental Laboratory Furnace Market
9.5.5.3.1 Rest of South and Central America Dental Laboratory Furnace Market by Product
9.5.5.3.2 Rest of South and Central America Dental Laboratory Furnace Market by End users
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. DENTAL LABORATORY FURNACE MARKET, KEY COMPANY PROFILES
11.1. SENTRO TECH
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. CARBOLITE GERO
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. SHENPAZ DENTAL LTD.
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. IVOCLAR VIVADENT
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. DENTSPLY SIRONA
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. PROTHERM FURNACES
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. BROTHER FURNACE
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. NABERTHERM
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. ADDIN CO., LTD
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. BIONICS SCIENTIFIC
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
1. Sentro Tech
2. Carbolite Gero
3. Shenpaz Dental Ltd.
4. Ivoclar Vivadent
5. Dentsply Sirona
6. Protherm Furnaces
7. Brother Furnace
8. Nabertherm
9. Addin co., Ltd
10. Bionics 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.