Digital Radiology Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Digital radiography is a method of radiography that uses x-ray-sensitive plates to capture data during the patient examination directly and immediately transferring it to a computer system without the use of a standard cassette. The computed radiography process is to use a phosphor imaging plate to create a digital image. CR uses a cassette-based system like analog film. The DR technology transfer automatically the images to a computer.
MARKET DYNAMICS
The digital radiology market is anticipated to grow in the market by the advancement of new technologies. Also, factors such as high-quality imaging produced by the technology along with the least radiation exposure and development in more powerful are driving the market growth. However, the threat of excessive exposure to radiations and high costs associated with the installation of stationary digital radiology systems are restraining market growth. Moreover, compact devices, an increase in R&D activities in this field, consciousness through conferences and programs, and an increase in acceptance of portable digital radiology systems are also factors for boosting the growth of the market.
MARKET SCOPE
The "Digital Radiology Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of in digital radiology market with detailed market segmentation by type, method, application, end-user, and geography. The digital radiology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading in digital radiology market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The digital radiology market is segmented on the basis of type, method, application and by end-user. Based on type the market is segmented as stationary digital radiology systems and portable digital radiology systems. On the basis of the method, the market is categorized as computed radiography (CR) and direct radiography (DR). On the basis of application, the market is categorized as cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others. On the basis of end-user, the market is categorized as hospitals & clinics, diagnostic centers, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the in digital radiology market based on various segments. It also provides market size and forecast estimates from the 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 digital radiology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the digital radiology market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the digital radiology market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the in digital radiology market based on various segments. It also provides market size and forecast estimates from the 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 digital radiology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the digital radiology market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the digital radiology market in these regions.
MARKET PLAYERS
The report covers key developments in the digital radiology 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 partnerships & collaborations. These activities have paved the way for an expansion of business and customer base of market players. The market players from in digital radiology market are anticipated to have lucrative growth opportunities in the future with the rising demand for in digital radiology market in the global market. Below mentioned is the list of few companies engaged in the digital radiology market.
The report also includes the profiles of the key in digital radiology market companies 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 the last 3 years, key development in the past five years.
- Agfa-Gevaert Group,
- Canon Inc,
- Carestream Health Inc,
- Fujifilm Holdings Corporation,
- Hologic, Inc.
- Koninklijke Philips N.V.,
- Protec GmbH & Co. KG
- Shimadzu Corporation
- Siemens
- Varian Medical Systems, Inc,
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 Digital Radiology Market - By Type
1.3.2 Digital Radiology Market - By Method
1.3.3 Digital Radiology Market - By Application
1.3.4 Digital Radiology Market - By End User
1.3.5 Digital Radiology Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL RADIOLOGY 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. DIGITAL RADIOLOGY 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIGITAL RADIOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL RADIOLOGY - GLOBAL MARKET OVERVIEW
6.2. DIGITAL RADIOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIGITAL RADIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STATIONARY DIGITAL RADIOLOGY SYSTEMS
7.3.1. Overview
7.3.2. Stationary Digital Radiology Systems Market Forecast and Analysis
7.4. PORTABLE DIGITAL RADIOLOGY SYSTEMS
7.4.1. Overview
7.4.2. Portable Digital Radiology Systems Market Forecast and Analysis
8. DIGITAL RADIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - METHOD
8.1. OVERVIEW
8.2. METHOD MARKET FORECASTS AND ANALYSIS
8.3. COMPUTED RADIOGRAPHY (CR)
8.3.1. Overview
8.3.2. Computed Radiography (CR) Market Forecast and Analysis
8.4. DIRECT RADIOGRAPHY (DR)
8.4.1. Overview
8.4.2. Direct Radiography (DR) Market Forecast and Analysis
9. DIGITAL RADIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CARDIOVASCULAR IMAGING
9.3.1. Overview
9.3.2. Cardiovascular Imaging Market Forecast and Analysis
9.4. CHEST IMAGING
9.4.1. Overview
9.4.2. Chest Imaging Market Forecast and Analysis
9.5. DENTAL IMAGING
9.5.1. Overview
9.5.2. Dental Imaging Market Forecast and Analysis
9.6. MAMMOGRAPHY IMAGING
9.6.1. Overview
9.6.2. Mammography Imaging Market Forecast and Analysis
9.7. ORTHOPEDIC IMAGING
9.7.1. Overview
9.7.2. Orthopedic Imaging Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. DIGITAL RADIOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS AND CLINICS
10.3.1. Overview
10.3.2. Hospitals and Clinics Market Forecast and Analysis
10.4. DIAGNOSTIC CENTERS
10.4.1. Overview
10.4.2. Diagnostic Centers Market Forecast and Analysis
10.5. OTHERS
10.5.1. Overview
10.5.2. Others Market Forecast and Analysis
11. DIGITAL RADIOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Digital Radiology Market Overview
11.1.2 North America Digital Radiology Market Forecasts and Analysis
11.1.3 North America Digital Radiology Market Forecasts and Analysis - By Type
11.1.4 North America Digital Radiology Market Forecasts and Analysis - By Method
11.1.5 North America Digital Radiology Market Forecasts and Analysis - By Application
11.1.6 North America Digital Radiology Market Forecasts and Analysis - By End User
11.1.7 North America Digital Radiology Market Forecasts and Analysis - By Countries
11.1.7.1 United States Digital Radiology Market
11.1.7.1.1 United States Digital Radiology Market by Type
11.1.7.1.2 United States Digital Radiology Market by Method
11.1.7.1.3 United States Digital Radiology Market by Application
11.1.7.1.4 United States Digital Radiology Market by End User
11.1.7.2 Canada Digital Radiology Market
11.1.7.2.1 Canada Digital Radiology Market by Type
11.1.7.2.2 Canada Digital Radiology Market by Method
11.1.7.2.3 Canada Digital Radiology Market by Application
11.1.7.2.4 Canada Digital Radiology Market by End User
11.1.7.3 Mexico Digital Radiology Market
11.1.7.3.1 Mexico Digital Radiology Market by Type
11.1.7.3.2 Mexico Digital Radiology Market by Method
11.1.7.3.3 Mexico Digital Radiology Market by Application
11.1.7.3.4 Mexico Digital Radiology Market by End User
11.2. EUROPE
11.2.1 Europe Digital Radiology Market Overview
11.2.2 Europe Digital Radiology Market Forecasts and Analysis
11.2.3 Europe Digital Radiology Market Forecasts and Analysis - By Type
11.2.4 Europe Digital Radiology Market Forecasts and Analysis - By Method
11.2.5 Europe Digital Radiology Market Forecasts and Analysis - By Application
11.2.6 Europe Digital Radiology Market Forecasts and Analysis - By End User
11.2.7 Europe Digital Radiology Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Digital Radiology Market
11.2.7.1.1 Germany Digital Radiology Market by Type
11.2.7.1.2 Germany Digital Radiology Market by Method
11.2.7.1.3 Germany Digital Radiology Market by Application
11.2.7.1.4 Germany Digital Radiology Market by End User
11.2.7.2 France Digital Radiology Market
11.2.7.2.1 France Digital Radiology Market by Type
11.2.7.2.2 France Digital Radiology Market by Method
11.2.7.2.3 France Digital Radiology Market by Application
11.2.7.2.4 France Digital Radiology Market by End User
11.2.7.3 Italy Digital Radiology Market
11.2.7.3.1 Italy Digital Radiology Market by Type
11.2.7.3.2 Italy Digital Radiology Market by Method
11.2.7.3.3 Italy Digital Radiology Market by Application
11.2.7.3.4 Italy Digital Radiology Market by End User
11.2.7.4 Spain Digital Radiology Market
11.2.7.4.1 Spain Digital Radiology Market by Type
11.2.7.4.2 Spain Digital Radiology Market by Method
11.2.7.4.3 Spain Digital Radiology Market by Application
11.2.7.4.4 Spain Digital Radiology Market by End User
11.2.7.5 United Kingdom Digital Radiology Market
11.2.7.5.1 United Kingdom Digital Radiology Market by Type
11.2.7.5.2 United Kingdom Digital Radiology Market by Method
11.2.7.5.3 United Kingdom Digital Radiology Market by Application
11.2.7.5.4 United Kingdom Digital Radiology Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Digital Radiology Market Overview
11.3.2 Asia-Pacific Digital Radiology Market Forecasts and Analysis
11.3.3 Asia-Pacific Digital Radiology Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Digital Radiology Market Forecasts and Analysis - By Method
11.3.5 Asia-Pacific Digital Radiology Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Digital Radiology Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Digital Radiology Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Digital Radiology Market
11.3.7.1.1 Australia Digital Radiology Market by Type
11.3.7.1.2 Australia Digital Radiology Market by Method
11.3.7.1.3 Australia Digital Radiology Market by Application
11.3.7.1.4 Australia Digital Radiology Market by End User
11.3.7.2 China Digital Radiology Market
11.3.7.2.1 China Digital Radiology Market by Type
11.3.7.2.2 China Digital Radiology Market by Method
11.3.7.2.3 China Digital Radiology Market by Application
11.3.7.2.4 China Digital Radiology Market by End User
11.3.7.3 India Digital Radiology Market
11.3.7.3.1 India Digital Radiology Market by Type
11.3.7.3.2 India Digital Radiology Market by Method
11.3.7.3.3 India Digital Radiology Market by Application
11.3.7.3.4 India Digital Radiology Market by End User
11.3.7.4 Japan Digital Radiology Market
11.3.7.4.1 Japan Digital Radiology Market by Type
11.3.7.4.2 Japan Digital Radiology Market by Method
11.3.7.4.3 Japan Digital Radiology Market by Application
11.3.7.4.4 Japan Digital Radiology Market by End User
11.3.7.5 South Korea Digital Radiology Market
11.3.7.5.1 South Korea Digital Radiology Market by Type
11.3.7.5.2 South Korea Digital Radiology Market by Method
11.3.7.5.3 South Korea Digital Radiology Market by Application
11.3.7.5.4 South Korea Digital Radiology Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Digital Radiology Market Overview
11.4.2 Middle East and Africa Digital Radiology Market Forecasts and Analysis
11.4.3 Middle East and Africa Digital Radiology Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Digital Radiology Market Forecasts and Analysis - By Method
11.4.5 Middle East and Africa Digital Radiology Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Digital Radiology Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Digital Radiology Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Digital Radiology Market
11.4.7.1.1 South Africa Digital Radiology Market by Type
11.4.7.1.2 South Africa Digital Radiology Market by Method
11.4.7.1.3 South Africa Digital Radiology Market by Application
11.4.7.1.4 South Africa Digital Radiology Market by End User
11.4.7.2 Saudi Arabia Digital Radiology Market
11.4.7.2.1 Saudi Arabia Digital Radiology Market by Type
11.4.7.2.2 Saudi Arabia Digital Radiology Market by Method
11.4.7.2.3 Saudi Arabia Digital Radiology Market by Application
11.4.7.2.4 Saudi Arabia Digital Radiology Market by End User
11.4.7.3 U.A.E Digital Radiology Market
11.4.7.3.1 U.A.E Digital Radiology Market by Type
11.4.7.3.2 U.A.E Digital Radiology Market by Method
11.4.7.3.3 U.A.E Digital Radiology Market by Application
11.4.7.3.4 U.A.E Digital Radiology Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Digital Radiology Market Overview
11.5.2 South and Central America Digital Radiology Market Forecasts and Analysis
11.5.3 South and Central America Digital Radiology Market Forecasts and Analysis - By Type
11.5.4 South and Central America Digital Radiology Market Forecasts and Analysis - By Method
11.5.5 South and Central America Digital Radiology Market Forecasts and Analysis - By Application
11.5.6 South and Central America Digital Radiology Market Forecasts and Analysis - By End User
11.5.7 South and Central America Digital Radiology Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Digital Radiology Market
11.5.7.1.1 Brazil Digital Radiology Market by Type
11.5.7.1.2 Brazil Digital Radiology Market by Method
11.5.7.1.3 Brazil Digital Radiology Market by Application
11.5.7.1.4 Brazil Digital Radiology Market by End User
11.5.7.2 Argentina Digital Radiology Market
11.5.7.2.1 Argentina Digital Radiology Market by Type
11.5.7.2.2 Argentina Digital Radiology Market by Method
11.5.7.2.3 Argentina Digital Radiology Market by Application
11.5.7.2.4 Argentina Digital Radiology Market by End User
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. DIGITAL RADIOLOGY MARKET, KEY COMPANY PROFILES
13.1. AGFA-GEVAERT GROUP,
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. CANON INC,
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. CARESTREAM HEALTH 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. FUJIFILM HOLDINGS CORPORATION,
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. HOLOGIC, INC.
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. KONINKLIJKE PHILIPS N.V.,
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. PROTEC GMBH AND CO. KG
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. SHIMADZU CORPORATION
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. SIEMENS,
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. VARIAN MEDICAL SYSTEMS, INC,
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
1. Agfa-Gevaert Group,
2. Canon Inc,
3. Carestream Health Inc,
4. Fujifilm Holdings Corporation,
5. Hologic, Inc.
6. Koninklijke Philips N.V.,
7. Protec GmbH & Co. KG
8. Shimadzu Corporation
9. Siemens
10. Varian Medical Systems, Inc,
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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