External Defibrillator Tester Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Defibrillators are devices used to deliver a restorative shock to a patient's heart in life-threatening conditions such as ventricular fibrillation, cardiac arrhythmia, and pulseless ventricular tachycardia. The external defibrillator tester simulates various cardiac waveforms to ensure that the AED can detect, analyze, and audibly advise shock. In addition to the shock advisory test, it measures discharged energy of the AED, thereby ensuring that the AED complies with specified requirements. It is used for the functional testing of external defibrillators. The delivered energy is measured by a built-in simulated load similar to the human body (50 ohms).Furthermore, rapid and immediate viewing and selecting the desired ECG signal types and test data are possible. It measures discharged energy and provides details regarding the defibrillator pulse. The tester is fit for manual, semi-automatic, and automatic defibrillators with monophasic, biphasic, and pulsed waveform output. Its also equipped with a Centronics printer port, a serial port, an oscilloscope output, and an EKG high-value output. For instance, The SECULIFE DF PRO makes it possible to quickly and directly observe and select the desired waveforms and test data.
MARKET DYNAMICS
The external defibrillator tester market has shown a significant evolution over the forecast period. The increase in focus on public access defibrillator or (PAD) by private organizations and the rising prevalence of cardiovascular disorders is projected to help expand the global market for the testers in the coming years. Rapid lifestyle changes and increasing incidences of obesity, high blood pressure, and diabetes result in the rising prevalence of sudden cardiac arrests. Rising awareness about defibrillation, especially in out-of-hospital cardiac arrest (OHCA) patients, enables growth in the market. Growing demand for the treatment of cardiovascular disorders is anticipated to fuel the need for external defibrillator testers. The lack of awareness, limited insurance coverage, and the high cost may limit the growth of the external defibrillators testers market. The emerging economies and supportive government initiatives for the adoption of automated external defibrillator testers at public places will create new opportunities for market growth in the future. However, For instance, The Impulse 7000DP Defibrillator/Transcutaneous Pacemaker Analyzer by Fluke biomedical, India ensures proper operation and ultimate performance of critical life-support cardiac-resuscitation equipment. The Impulse 7000DP is superior in compliance, technology, efficiency, and ease of use.
MARKET SCOPE
The "External Defibrillator Tester Market Analysis to 2028" is a specialized and in-depth study of the medical devices in the healthcare industry with a particular focus on the global market trend analysis. This report provides an outline of the external defibrillator tester market with detailed market segmentation by product, application, and end-user. The external defibrillator tester market is expected to witness a high rise during the forecast period. The report elaborates on the vital statistics on the market status of the leading players in the external defibrillator tester market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The external defibrillator tester market is segmented based on product, application, and end-user. Based on product, the market is segmented as portable and desktop. Based on the application, the market is categorized as external defibrillators, external cardiac stimulators, and others. Based on end-user, the market is segmented as the hospitals & clinics,schoolsandpublicplaces, home care settings, and others.
REGIONAL FRAMEWORK
The report provides a complete outline of the industry, including both qualitative and quantitative information. It gives a sketch and forecast of the external defibrillator tester market based on various segments. It also consists of market size and forecast estimates from the year 2020 to2028with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The external defibrillator tester market by each region is later sub-segmented into respective countries and segments. The report consists of the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the external defibrillator tester market from both demand and supply side. Further, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also covers a precise 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 external defibrillator tester market in these regions.
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The report provides a complete outline of the industry, including both qualitative and quantitative information. It gives a sketch and forecast of the external defibrillator tester market based on various segments. It also consists of market size and forecast estimates from the year 2020 to2028with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The external defibrillator tester market by each region is later sub-segmented into respective countries and segments. The report consists of the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the external defibrillator tester market from both demand and supply side. Further, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also covers a precise 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 external defibrillator tester market in these regions.
MARKET PLAYERS
The report contains critical developments in the external defibrillator tester market as organic and inorganic growth strategies. Various firms are focusing on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have cleared the way for the expansion of business and customer base of market players. The market players from the external defibrillator tester market are anticipated to have profitable growth opportunities in the coming years with the rising demand for external defibrillator testers in the global market. Mentioned below is the list of few companies engaged in the external defibrillator tester market.
The report also contains the profiles of key players in the external defibrillator tester market, along with their SWOT analysis and market strategies. Additionally, the report focuses on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
- Fluke
- BC Group International Inc
- Datrend Systems Inc
- GOSSEN METRAWATT
- Rigel Medical
- Qingdao Meditech Equipment Co., Ltd
- Wuhan UN-medical Technology Co., Ltd
- NETECH CORPORATION
- Ultramedic
The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 External Defibrillator Tester Market - By Product
1.3.2 External Defibrillator Tester Market - By Application
1.3.3 External Defibrillator Tester Market - By End-user
1.3.4 External Defibrillator Tester Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EXTERNAL DEFIBRILLATOR TESTER 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. EXTERNAL DEFIBRILLATOR TESTER 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. EXTERNAL DEFIBRILLATOR TESTER MARKET - GLOBAL MARKET ANALYSIS
6.1. EXTERNAL DEFIBRILLATOR TESTER - GLOBAL MARKET OVERVIEW
6.2. EXTERNAL DEFIBRILLATOR TESTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EXTERNAL DEFIBRILLATOR TESTER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PORTABLE
7.3.1. Overview
7.3.2. Portable Market Forecast and Analysis
7.4. DESKTOP
7.4.1. Overview
7.4.2. Desktop Market Forecast and Analysis
8. EXTERNAL DEFIBRILLATOR TESTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. EXTERNAL DEFIBRILLATORS
8.3.1. Overview
8.3.2. External Defibrillators Market Forecast and Analysis
8.4. EXTERNAL CARDIAC STIMULATORS
8.4.1. Overview
8.4.2. External Cardiac Stimulators Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. EXTERNAL DEFIBRILLATOR TESTER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS AND CLINICS
9.3.1. Overview
9.3.2. Hospitals and Clinics Market Forecast and Analysis
9.4. SCHOOLS AND PUBLIC PLACES
9.4.1. Overview
9.4.2. Schools and Public Places Market Forecast and Analysis
9.5. HOME CARE SETTINGS
9.5.1. Overview
9.5.2. Home Care Settings Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. EXTERNAL DEFIBRILLATOR TESTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America External Defibrillator Tester Market Overview
10.1.2 North America External Defibrillator Tester Market Forecasts and Analysis
10.1.3 North America External Defibrillator Tester Market Forecasts and Analysis - By Product
10.1.4 North America External Defibrillator Tester Market Forecasts and Analysis - By Application
10.1.5 North America External Defibrillator Tester Market Forecasts and Analysis - By End-user
10.1.6 North America External Defibrillator Tester Market Forecasts and Analysis - By Countries
10.1.6.1 United States External Defibrillator Tester Market
10.1.6.1.1 United States External Defibrillator Tester Market by Product
10.1.6.1.2 United States External Defibrillator Tester Market by Application
10.1.6.1.3 United States External Defibrillator Tester Market by End-user
10.1.6.2 Canada External Defibrillator Tester Market
10.1.6.2.1 Canada External Defibrillator Tester Market by Product
10.1.6.2.2 Canada External Defibrillator Tester Market by Application
10.1.6.2.3 Canada External Defibrillator Tester Market by End-user
10.1.6.3 Mexico External Defibrillator Tester Market
10.1.6.3.1 Mexico External Defibrillator Tester Market by Product
10.1.6.3.2 Mexico External Defibrillator Tester Market by Application
10.1.6.3.3 Mexico External Defibrillator Tester Market by End-user
10.2. EUROPE
10.2.1 Europe External Defibrillator Tester Market Overview
10.2.2 Europe External Defibrillator Tester Market Forecasts and Analysis
10.2.3 Europe External Defibrillator Tester Market Forecasts and Analysis - By Product
10.2.4 Europe External Defibrillator Tester Market Forecasts and Analysis - By Application
10.2.5 Europe External Defibrillator Tester Market Forecasts and Analysis - By End-user
10.2.6 Europe External Defibrillator Tester Market Forecasts and Analysis - By Countries
10.2.6.1 Germany External Defibrillator Tester Market
10.2.6.1.1 Germany External Defibrillator Tester Market by Product
10.2.6.1.2 Germany External Defibrillator Tester Market by Application
10.2.6.1.3 Germany External Defibrillator Tester Market by End-user
10.2.6.2 France External Defibrillator Tester Market
10.2.6.2.1 France External Defibrillator Tester Market by Product
10.2.6.2.2 France External Defibrillator Tester Market by Application
10.2.6.2.3 France External Defibrillator Tester Market by End-user
10.2.6.3 Italy External Defibrillator Tester Market
10.2.6.3.1 Italy External Defibrillator Tester Market by Product
10.2.6.3.2 Italy External Defibrillator Tester Market by Application
10.2.6.3.3 Italy External Defibrillator Tester Market by End-user
10.2.6.4 Spain External Defibrillator Tester Market
10.2.6.4.1 Spain External Defibrillator Tester Market by Product
10.2.6.4.2 Spain External Defibrillator Tester Market by Application
10.2.6.4.3 Spain External Defibrillator Tester Market by End-user
10.2.6.5 United Kingdom External Defibrillator Tester Market
10.2.6.5.1 United Kingdom External Defibrillator Tester Market by Product
10.2.6.5.2 United Kingdom External Defibrillator Tester Market by Application
10.2.6.5.3 United Kingdom External Defibrillator Tester Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific External Defibrillator Tester Market Overview
10.3.2 Asia-Pacific External Defibrillator Tester Market Forecasts and Analysis
10.3.3 Asia-Pacific External Defibrillator Tester Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific External Defibrillator Tester Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific External Defibrillator Tester Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific External Defibrillator Tester Market Forecasts and Analysis - By Countries
10.3.6.1 Australia External Defibrillator Tester Market
10.3.6.1.1 Australia External Defibrillator Tester Market by Product
10.3.6.1.2 Australia External Defibrillator Tester Market by Application
10.3.6.1.3 Australia External Defibrillator Tester Market by End-user
10.3.6.2 China External Defibrillator Tester Market
10.3.6.2.1 China External Defibrillator Tester Market by Product
10.3.6.2.2 China External Defibrillator Tester Market by Application
10.3.6.2.3 China External Defibrillator Tester Market by End-user
10.3.6.3 India External Defibrillator Tester Market
10.3.6.3.1 India External Defibrillator Tester Market by Product
10.3.6.3.2 India External Defibrillator Tester Market by Application
10.3.6.3.3 India External Defibrillator Tester Market by End-user
10.3.6.4 Japan External Defibrillator Tester Market
10.3.6.4.1 Japan External Defibrillator Tester Market by Product
10.3.6.4.2 Japan External Defibrillator Tester Market by Application
10.3.6.4.3 Japan External Defibrillator Tester Market by End-user
10.3.6.5 South Korea External Defibrillator Tester Market
10.3.6.5.1 South Korea External Defibrillator Tester Market by Product
10.3.6.5.2 South Korea External Defibrillator Tester Market by Application
10.3.6.5.3 South Korea External Defibrillator Tester Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa External Defibrillator Tester Market Overview
10.4.2 Middle East and Africa External Defibrillator Tester Market Forecasts and Analysis
10.4.3 Middle East and Africa External Defibrillator Tester Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa External Defibrillator Tester Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa External Defibrillator Tester Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa External Defibrillator Tester Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa External Defibrillator Tester Market
10.4.6.1.1 South Africa External Defibrillator Tester Market by Product
10.4.6.1.2 South Africa External Defibrillator Tester Market by Application
10.4.6.1.3 South Africa External Defibrillator Tester Market by End-user
10.4.6.2 Saudi Arabia External Defibrillator Tester Market
10.4.6.2.1 Saudi Arabia External Defibrillator Tester Market by Product
10.4.6.2.2 Saudi Arabia External Defibrillator Tester Market by Application
10.4.6.2.3 Saudi Arabia External Defibrillator Tester Market by End-user
10.4.6.3 U.A.E External Defibrillator Tester Market
10.4.6.3.1 U.A.E External Defibrillator Tester Market by Product
10.4.6.3.2 U.A.E External Defibrillator Tester Market by Application
10.4.6.3.3 U.A.E External Defibrillator Tester Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America External Defibrillator Tester Market Overview
10.5.2 South and Central America External Defibrillator Tester Market Forecasts and Analysis
10.5.3 South and Central America External Defibrillator Tester Market Forecasts and Analysis - By Product
10.5.4 South and Central America External Defibrillator Tester Market Forecasts and Analysis - By Application
10.5.5 South and Central America External Defibrillator Tester Market Forecasts and Analysis - By End-user
10.5.6 South and Central America External Defibrillator Tester Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil External Defibrillator Tester Market
10.5.6.1.1 Brazil External Defibrillator Tester Market by Product
10.5.6.1.2 Brazil External Defibrillator Tester Market by Application
10.5.6.1.3 Brazil External Defibrillator Tester Market by End-user
10.5.6.2 Argentina External Defibrillator Tester Market
10.5.6.2.1 Argentina External Defibrillator Tester Market by Product
10.5.6.2.2 Argentina External Defibrillator Tester Market by Application
10.5.6.2.3 Argentina External Defibrillator Tester 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. EXTERNAL DEFIBRILLATOR TESTER MARKET, KEY COMPANY PROFILES
12.1. FLUKE
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. BC GROUP INTERNATIONAL INC
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. DATREND SYSTEMS INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GOSSEN METRAWATT
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. RIGEL MEDICAL
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. QINGDAO MEDITECH EQUIPMENT CO., LTD
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. WUHAN UN-MEDICAL TECHNOLOGY CO., LTD
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. NETECH CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ULTRAMEDIC
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Fluke
2. BC Group International Inc
3. Datrend Systems Inc
4. GOSSEN METRAWATT
5. Rigel Medical
6. Qingdao Meditech Equipment Co., Ltd
7. Wuhan UN-medical Technology Co., Ltd
8. NETECH CORPORATION
9. Ultramedic
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.