Elastography Imaging Market Share and Growth (2021-2031)
The Elastography Imaging Market is expected to register a CAGR of 10.3% 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 Modality (Ultrasound, Magnetic Resonance Elastography). The report further presents analysis based on Application (Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Others). Futher, it is segmented based on End User (Hospitals, Surgical Centers, Diagnostic Centers, Ambulatory Surgical Centers). 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 Elastography Imaging 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.
Elastography Imaging Market Segmentation
Modality- Ultrasound
- Magnetic Resonance Elastography
- Radiology
- Cardiology
- Obstetrics
- Urology
- Vascular
- Orthopedic and Musculoskeletal
- Others
- Hospitals
- Surgical Centers
- Diagnostic Centers
- Ambulatory Surgical Centers
Strategic Insights
Elastography Imaging Market Growth Drivers- Increasing Prevalence of Chronic Liver and Breast Cancer: Among the most common cancers involving women moving from developed to developing countries, breast cancer is prominent. Traditionally, assessment for chronic liver diseases and breast cancer was considered to rely on the reference standard of biopsies; however, the new emerging focus is mostly noninvasive techniques such as ultrasound-based elastography and magnetic resonance elastography. Elastography is mainly helpful in monitoring liver conditions, which is increasingly growing as the number of diseases related to the liver increases across the globe.
- Increased Medical Procedures: Much of the ultrasound and MRI-based elastography procedures are undertaken in hospitals, thus driving the growth of the market. The increase in the number of procedures is primarily because elastography can effectively evaluate tissue stiffness, particularly in terms of diseases found within the liver and the tumors.
- Non-Invasive Diagnostic Techniques: The demand for non-invasive diagnostic methods is increasing as they provide safer alternatives to traditional biopsy. Elastography gives information regarding the elasticity of tissues without having to invade them; thus, it is very much welcomed among healthcare provider.
- Technological Advancement: Imaging technology evolves from the development of portable and handheld elastography devices into various clinical settings for improvement in accessibility and usability. Imaging with elastography powered by AI leads to improved accuracy in diagnosis through automated evaluation of tissue stiffness and enhanced interpretation of images. Patterns that are more subtle can be detected through the power algorithms, which results in a better diagnosis: especially liver and cancer-related diagnoses.
- Combinations with Other Imaging Modalities: Elastography has become popular by integrating it with MRI as well as CT scans, which enables proper diagnostics in most patients. The integration continues to increase the accuracy of diagnosis for most patients. This multi-organ trend includes not only liver applications but also extends to kidneys, heart, and muscles, thus highlighting another dimension that would provide a better estimation of stiffness of tissues and recognize disease such as fibrosis, cardiovascular, and musculoskeletal early detection and follow-up.
- Personalized Medicine Focus: Elastography imaging will probably play a critical role in tailoring treatment towards the condition of the patient individually, mainly in oncology and hepatology, since the healthcare industry begins focusing more on personalized medicine. Tumor characterization and monitoring treatment response are some of the uses that elastography imaging is fast developing for oncology applications. Increased emphasis would now make whatever run opportunistic changes.
- Emerging Economies: This would be excellent medium- to long-term prospects for elastography imaging product manufacturers and distributors in emerging markets, such as China, India, Brazil, and Mexico. With more hospitals and clinics opting for advanced imaging technologies, elastography can stand a good chance of emerging as a common diagnostic tool. Increasing demand for early as well as accurate diagnosis of liver diseases will serve to fuel growth prospects for elastography technologies in both the developed and emerging markets.
- Research and Development Investments: Expenditure on research and development can create new elastography techniques and applications. It may progress from diseases of the liver to musculoskeletal disorders and cardiovascular diseases and can increase its use. New technology for portable elastography collates all that is required for an individual, non-invasively, diagnostic testing beyond hospitals.
- Market Collaboration: The developers of the technology, healthcare providers, and centers for research can be aligned in a way that stimulates innovation. This kind of collaboration may eventually enhance the adoption of elastography imaging in the clinical field. As healthcare continues to move forth into preventive care and non-invasive diagnostics, so too are more heavy-handed strategic initiatives to integrate elastography into the standard practices of medicine thus creating tremendous opportunity for market growth across the globe
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Elastography Imaging 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 Elastography Imaging 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 FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Koninklijke Philips, Siemens AG, Canon Medical Systems Corporation, and Hitachi Ltd are some of the major players operating in the market.
The ultrasound segment accounts for the highest revenue in modality segment of the elastography imaging market in 2023.
Asia Pacific region has the highest CAGR in the elastography imaging market.
North America region dominated the elastography imaging market in 2023.
The Elastography Imaging Market is estimated to witness a CAGR of 10.3% from 2023 to 2031
The major factors driving the elastography imaging market are:
1. Increasing Prevalence of Chronic Liver and Breast Cancer.
2. Increased Medical Procedures.
3. Non-Invasive Diagnostic Techniques.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Elastography Imaging Market - By Modality
1.3.2 Elastography Imaging Market - By Application
1.3.3 Elastography Imaging Market - By End User
1.3.4 Elastography Imaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ELASTOGRAPHY IMAGING 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. ELASTOGRAPHY IMAGING 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. ELASTOGRAPHY IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. ELASTOGRAPHY IMAGING - GLOBAL MARKET OVERVIEW
6.2. ELASTOGRAPHY IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELASTOGRAPHY IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
7.1. OVERVIEW
7.2. MODALITY MARKET FORECASTS AND ANALYSIS
7.3. ULTRASOUND AND MAGNETIC RESONANCE ELASTOGRAPHY
7.3.1. Overview
7.3.2. Ultrasound and Magnetic Resonance Elastography Market Forecast and Analysis
8. ELASTOGRAPHY IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RADIOLOGY
8.3.1. Overview
8.3.2. Radiology Market Forecast and Analysis
8.4. CARDIOLOGY
8.4.1. Overview
8.4.2. Cardiology Market Forecast and Analysis
8.5. OBSTETRICS
8.5.1. Overview
8.5.2. Obstetrics Market Forecast and Analysis
8.6. UROLOGY
8.6.1. Overview
8.6.2. Urology Market Forecast and Analysis
8.7. VASCULAR
8.7.1. Overview
8.7.2. Vascular Market Forecast and Analysis
8.8. ORTHOPEDIC AND MUSCULOSKELETAL AND OTHERS
8.8.1. Overview
8.8.2. Orthopedic and Musculoskeletal and Others Market Forecast and Analysis
9. ELASTOGRAPHY IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. INTO HOSPITALS
9.3.1. Overview
9.3.2. into Hospitals Market Forecast and Analysis
9.4. SURGICAL CENTERS
9.4.1. Overview
9.4.2. Surgical Centers Market Forecast and Analysis
9.5. DIAGNOSTIC CENTERS AND AMBULATORY SURGICAL CENTERS.
9.5.1. Overview
9.5.2. Diagnostic Centers and Ambulatory Surgical Centers. Market Forecast and Analysis
10. ELASTOGRAPHY IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Elastography Imaging Market Overview
10.1.2 North America Elastography Imaging Market Forecasts and Analysis
10.1.3 North America Elastography Imaging Market Forecasts and Analysis - By Modality
10.1.4 North America Elastography Imaging Market Forecasts and Analysis - By Application
10.1.5 North America Elastography Imaging Market Forecasts and Analysis - By End User
10.1.6 North America Elastography Imaging Market Forecasts and Analysis - By Countries
10.1.6.1 United States Elastography Imaging Market
10.1.6.1.1 United States Elastography Imaging Market by Modality
10.1.6.1.2 United States Elastography Imaging Market by Application
10.1.6.1.3 United States Elastography Imaging Market by End User
10.1.6.2 Canada Elastography Imaging Market
10.1.6.2.1 Canada Elastography Imaging Market by Modality
10.1.6.2.2 Canada Elastography Imaging Market by Application
10.1.6.2.3 Canada Elastography Imaging Market by End User
10.1.6.3 Mexico Elastography Imaging Market
10.1.6.3.1 Mexico Elastography Imaging Market by Modality
10.1.6.3.2 Mexico Elastography Imaging Market by Application
10.1.6.3.3 Mexico Elastography Imaging Market by End User
10.1.6.4 US Elastography Imaging Market
10.1.6.4.1 US Elastography Imaging Market by Modality
10.1.6.4.2 US Elastography Imaging Market by Application
10.1.6.4.3 US Elastography Imaging Market by End User
10.2. EUROPE
10.2.1 Europe Elastography Imaging Market Overview
10.2.2 Europe Elastography Imaging Market Forecasts and Analysis
10.2.3 Europe Elastography Imaging Market Forecasts and Analysis - By Modality
10.2.4 Europe Elastography Imaging Market Forecasts and Analysis - By Application
10.2.5 Europe Elastography Imaging Market Forecasts and Analysis - By End User
10.2.6 Europe Elastography Imaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Elastography Imaging Market
10.2.6.1.1 Germany Elastography Imaging Market by Modality
10.2.6.1.2 Germany Elastography Imaging Market by Application
10.2.6.1.3 Germany Elastography Imaging Market by End User
10.2.6.2 France Elastography Imaging Market
10.2.6.2.1 France Elastography Imaging Market by Modality
10.2.6.2.2 France Elastography Imaging Market by Application
10.2.6.2.3 France Elastography Imaging Market by End User
10.2.6.3 Italy Elastography Imaging Market
10.2.6.3.1 Italy Elastography Imaging Market by Modality
10.2.6.3.2 Italy Elastography Imaging Market by Application
10.2.6.3.3 Italy Elastography Imaging Market by End User
10.2.6.4 Spain Elastography Imaging Market
10.2.6.4.1 Spain Elastography Imaging Market by Modality
10.2.6.4.2 Spain Elastography Imaging Market by Application
10.2.6.4.3 Spain Elastography Imaging Market by End User
10.2.6.5 United Kingdom Elastography Imaging Market
10.2.6.5.1 United Kingdom Elastography Imaging Market by Modality
10.2.6.5.2 United Kingdom Elastography Imaging Market by Application
10.2.6.5.3 United Kingdom Elastography Imaging Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Elastography Imaging Market Overview
10.3.2 Asia-Pacific Elastography Imaging Market Forecasts and Analysis
10.3.3 Asia-Pacific Elastography Imaging Market Forecasts and Analysis - By Modality
10.3.4 Asia-Pacific Elastography Imaging Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Elastography Imaging Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Elastography Imaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Elastography Imaging Market
10.3.6.1.1 Australia Elastography Imaging Market by Modality
10.3.6.1.2 Australia Elastography Imaging Market by Application
10.3.6.1.3 Australia Elastography Imaging Market by End User
10.3.6.2 China Elastography Imaging Market
10.3.6.2.1 China Elastography Imaging Market by Modality
10.3.6.2.2 China Elastography Imaging Market by Application
10.3.6.2.3 China Elastography Imaging Market by End User
10.3.6.3 India Elastography Imaging Market
10.3.6.3.1 India Elastography Imaging Market by Modality
10.3.6.3.2 India Elastography Imaging Market by Application
10.3.6.3.3 India Elastography Imaging Market by End User
10.3.6.4 Japan Elastography Imaging Market
10.3.6.4.1 Japan Elastography Imaging Market by Modality
10.3.6.4.2 Japan Elastography Imaging Market by Application
10.3.6.4.3 Japan Elastography Imaging Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Elastography Imaging Market Overview
10.4.2 Middle East and Africa Elastography Imaging Market Forecasts and Analysis
10.4.3 Middle East and Africa Elastography Imaging Market Forecasts and Analysis - By Modality
10.4.4 Middle East and Africa Elastography Imaging Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Elastography Imaging Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Elastography Imaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Elastography Imaging Market
10.4.6.1.1 South Africa Elastography Imaging Market by Modality
10.4.6.1.2 South Africa Elastography Imaging Market by Application
10.4.6.1.3 South Africa Elastography Imaging Market by End User
10.4.6.2 Saudi Arabia Elastography Imaging Market
10.4.6.2.1 Saudi Arabia Elastography Imaging Market by Modality
10.4.6.2.2 Saudi Arabia Elastography Imaging Market by Application
10.4.6.2.3 Saudi Arabia Elastography Imaging Market by End User
10.4.6.3 U.A.E Elastography Imaging Market
10.4.6.3.1 U.A.E Elastography Imaging Market by Modality
10.4.6.3.2 U.A.E Elastography Imaging Market by Application
10.4.6.3.3 U.A.E Elastography Imaging Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Elastography Imaging Market Overview
10.5.2 South and Central America Elastography Imaging Market Forecasts and Analysis
10.5.3 South and Central America Elastography Imaging Market Forecasts and Analysis - By Modality
10.5.4 South and Central America Elastography Imaging Market Forecasts and Analysis - By Application
10.5.5 South and Central America Elastography Imaging Market Forecasts and Analysis - By End User
10.5.6 South and Central America Elastography Imaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Elastography Imaging Market
10.5.6.1.1 Brazil Elastography Imaging Market by Modality
10.5.6.1.2 Brazil Elastography Imaging Market by Application
10.5.6.1.3 Brazil Elastography Imaging Market by End User
10.5.6.2 Argentina Elastography Imaging Market
10.5.6.2.1 Argentina Elastography Imaging Market by Modality
10.5.6.2.2 Argentina Elastography Imaging Market by Application
10.5.6.2.3 Argentina Elastography Imaging Market by End User
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. ELASTOGRAPHY IMAGING MARKET, KEY COMPANY PROFILES
12.1. GENERAL ELECTRIC COMPANY
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. KONINKLIJKE PHILIPS N.V
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. SIEMENS AG
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. CANON MEDICAL SYSTEMS CORPORATION
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. HITACHI LTD
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. SAMSUNG ELECTRONICS
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. FUJIFILM HOLDINGS CORPORATION
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. MINDRAY MEDICAL INTERNATIONAL LTD
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. ESAOTE
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. SUPERSONIC IMAGINE
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
- General Electric Company
- Koninklijke Philips N.V.
- Siemens AG
- Canon Medical Systems Corporation
- Hitachi Ltd.
- Samsung Electronics (Samsung Medison)
- Fujifilm Holdings Corporation
- Mindray Medical International Ltd.
- Esaote
- Supersonic Imagine
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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