Flow Diversion Aneurysm Market Size 2031 |Opportunities
The Flow Diversion Aneurysm Market is expected to register a CAGR of 10.7% 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 (SILK Flow Diverter, Pipeline Embolization Device, SURPASS Flow Diverter, and Others). The report is segmented by End User (Hospitals, Specialty Clinics, and Others).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 Flow Diversion Aneurysm 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.
Flow Diversion Aneurysm Market Segmentation
Product- SILK Flow Diverter
- Pipeline Embolization Device
- SURPASS Flow Diverter
- Others
- Hospitals
- Specialty Clinics
- Others
Strategic Insights
Flow Diversion Aneurysm Market Growth Drivers- Advancements in Medical Technology: Flow diverters have been one of the most prominent growth drivers in this market because they have had several generations that have become more advanced in terms of delivery, biocompatibility, and patient outcomes. The new devices promise to be much thinner with fewer profiles while being less invasive and more flexible, thereby easier to navigate complex vasculature. Furthermore, the new technologies of more advanced imaging and diagnostic tools, including high-resolution MRI and CT scans, are helpful in the accurate identification of aneurysms leading to higher success rates for flow diversion procedures.
- Growing Brain Aneurysm Incidence: Growing incidence of brain aneurysms mainly in elderly population is a major driver for the growth of the market. Aneurysms are one of the top causes of stroke and other severe neurological disorders. It is observed that as the world's population gets older, the aneurysms increase and become more prevailing in the harder-to-reach and more complex areas of the brain. Flow diversion will probably prove to be the best treatment option for these high-risk aneurysms, particularly when surgical treatments are limited or restricted due to the location of the aneurysm or the patient's overall health status.
- Minimally Invasive Procedures: The demand for minimal intervention is increasing in all specialties, even in neurovascular spaces. Emerging flow diversion devices are currently less invasive alternatives to standard surgical options, such as craniotomy, which can provide aneurysm treatment by catheterization into a blood vessel. With short recovery, lower surgical risk, and quick return to normality, such desires for less invasive treatment would allow higher acceptance for the application of flow-diversion techniques around the world.
- Personalized Treatment Strategies: Personalized medicine is clearly coming to the aneurysm market, represented by flow diverters. There's more individual tailoring of the treatment plan based on considerations of size, location, and general health. Advanced imaging technologies, for example, 3D angiography, support careful understanding of the anatomical structure of the aneurysm, thus allowing for customized flow-diverter treatments that are maximally effective with minimal procedural complications. Personalized treatment approaches optimize outcomes while minimizing the risk of complications in patients.
- Increased Adoption of Hybrid Treatments: Hybrid treatments, involving flow diversion and another kind of endovascular therapy, such as coiling, are on the increase. Hybrid treatments allow for far more flexible treatment approaches that can be very effective in cases where it may not be possible to use just one kind of therapy for a particular aneurysm. The integration of flow diversion with coiling or any other adjunct optimizes the care for complicated cases, thus ultimately having a better therapeutic efficacy.
- Regulatory Approvals and Reimbursement Policies: As the market for flow diversion matures, the trend of enhanced regulatory approvals and reimbursement policies is starting to gain momentum. The U.S. FDA and European Medicines Agency (EMA) are gradually approving additional flow diversion devices, thereby increasing the possibilities of treatment options available for the patients. In addition, some countries have begun providing better reimbursement options for flow diversion treatments, thereby making the treatments accessible to a larger population of patients.
- New Flow Diverter Technologies Emergence: One of the prime avenues through which market players could innovate further was the development of next-generation flow diverters, further building on the primary focus of newer and more precise technologies, which tend to be more flexible, radiopaque, and have a lower profile for smoother navigation across brain vasculature. New flow diverters that are best suited for treating a variety of aneurysms, including wide-necked and fusiform aneurysms, will overcome present treatment shortcomings and expand market access.
- Collaboration and Partnership: Strategic partnership between the gadget producers, hospitals, and research institutes will be an important driver to develop advanced technologies and cultivate acceptability for the flow diversion technique. Partnerships for clinical trails, technology development, and market expansion are critical in accelerating the innovation and getting new treatments on the market. Collaborations with notable research organizations might also help in providing more solid clinical evidence, eventually further propelling market growth.
- Aging Population and Increasing Awareness: A large demographic of the aging population sets an opportunity for growth in the market. Elderly people get more easily prone to aneurysms, and with age increasing, there will be a demand for better treatment options. There is higher awareness about brain aneurysms and more risks associated with it that can lead to earlier diagnosis and better treatment, thus upping the ante of patients able to be offered flow diversion therapy. Expanded patient education and advocacy efforts will also contribute to an ever-growing need for these life-saving treatments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Flow Diversion Aneurysm 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 Flow Diversion Aneurysm 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
Players operating in the market are Balt Extrusion, Medtronic Plc, Stryker Corporation, Acandis GmbH, InspireMD, phenox GmbH, MicroVention, Inc, Penumbra Inc., Phenox GmbH, Acandis
Hospitals segment, by end user, dominated the market in 2023.
North America region dominated the Flow Diversion Aneurysm market in 2023.
New Flow Diverter Technologies Emergence act as a opportunity for growth of the market in forecast period.
The Flow Diversion Aneurysm Market is estimated to witness a CAGR of 10.7% from 2023 to 2031
The major factors driving the Flow Diversion Aneurysm market are:
1. Advancements in Medical Technology
2. Growing Brain Aneurysm Incidence
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Flow Diversion Aneurysm Market - By Product
1.3.2 Flow Diversion Aneurysm Market - By End User
1.3.3 Flow Diversion Aneurysm Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLOW DIVERSION ANEURYSM 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. FLOW DIVERSION ANEURYSM 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. FLOW DIVERSION ANEURYSM MARKET - GLOBAL MARKET ANALYSIS
6.1. FLOW DIVERSION ANEURYSM - GLOBAL MARKET OVERVIEW
6.2. FLOW DIVERSION ANEURYSM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FLOW DIVERSION ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SILK FLOW DIVERTER
7.3.1. Overview
7.3.2. SILK Flow Diverter Market Forecast and Analysis
7.4. PIPELINE EMBOLIZATION DEVICE
7.4.1. Overview
7.4.2. Pipeline Embolization Device Market Forecast and Analysis
7.5. SURPASS FLOW DIVERTER
7.5.1. Overview
7.5.2. SURPASS Flow Diverter Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FLOW DIVERSION ANEURYSM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. SPECIALTY CLINICS
8.4.1. Overview
8.4.2. Specialty Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. FLOW DIVERSION ANEURYSM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Flow Diversion Aneurysm Market Overview
9.1.2 North America Flow Diversion Aneurysm Market Forecasts and Analysis
9.1.3 North America Flow Diversion Aneurysm Market Forecasts and Analysis - By Product
9.1.4 North America Flow Diversion Aneurysm Market Forecasts and Analysis - By End User
9.1.5 North America Flow Diversion Aneurysm Market Forecasts and Analysis - By Countries
9.1.5.1 United States Flow Diversion Aneurysm Market
9.1.5.1.1 United States Flow Diversion Aneurysm Market by Product
9.1.5.1.2 United States Flow Diversion Aneurysm Market by End User
9.1.5.2 Canada Flow Diversion Aneurysm Market
9.1.5.2.1 Canada Flow Diversion Aneurysm Market by Product
9.1.5.2.2 Canada Flow Diversion Aneurysm Market by End User
9.1.5.3 Mexico Flow Diversion Aneurysm Market
9.1.5.3.1 Mexico Flow Diversion Aneurysm Market by Product
9.1.5.3.2 Mexico Flow Diversion Aneurysm Market by End User
9.2. EUROPE
9.2.1 Europe Flow Diversion Aneurysm Market Overview
9.2.2 Europe Flow Diversion Aneurysm Market Forecasts and Analysis
9.2.3 Europe Flow Diversion Aneurysm Market Forecasts and Analysis - By Product
9.2.4 Europe Flow Diversion Aneurysm Market Forecasts and Analysis - By End User
9.2.5 Europe Flow Diversion Aneurysm Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Flow Diversion Aneurysm Market
9.2.5.1.1 Germany Flow Diversion Aneurysm Market by Product
9.2.5.1.2 Germany Flow Diversion Aneurysm Market by End User
9.2.5.2 France Flow Diversion Aneurysm Market
9.2.5.2.1 France Flow Diversion Aneurysm Market by Product
9.2.5.2.2 France Flow Diversion Aneurysm Market by End User
9.2.5.3 Italy Flow Diversion Aneurysm Market
9.2.5.3.1 Italy Flow Diversion Aneurysm Market by Product
9.2.5.3.2 Italy Flow Diversion Aneurysm Market by End User
9.2.5.4 Spain Flow Diversion Aneurysm Market
9.2.5.4.1 Spain Flow Diversion Aneurysm Market by Product
9.2.5.4.2 Spain Flow Diversion Aneurysm Market by End User
9.2.5.5 United Kingdom Flow Diversion Aneurysm Market
9.2.5.5.1 United Kingdom Flow Diversion Aneurysm Market by Product
9.2.5.5.2 United Kingdom Flow Diversion Aneurysm Market by End User
9.2.5.6 Rest of Europe Flow Diversion Aneurysm Market
9.2.5.6.1 Rest of Europe Flow Diversion Aneurysm Market by Product
9.2.5.6.2 Rest of Europe Flow Diversion Aneurysm Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Flow Diversion Aneurysm Market Overview
9.3.2 Asia-Pacific Flow Diversion Aneurysm Market Forecasts and Analysis
9.3.3 Asia-Pacific Flow Diversion Aneurysm Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Flow Diversion Aneurysm Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Flow Diversion Aneurysm Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Flow Diversion Aneurysm Market
9.3.5.1.1 Australia Flow Diversion Aneurysm Market by Product
9.3.5.1.2 Australia Flow Diversion Aneurysm Market by End User
9.3.5.2 China Flow Diversion Aneurysm Market
9.3.5.2.1 China Flow Diversion Aneurysm Market by Product
9.3.5.2.2 China Flow Diversion Aneurysm Market by End User
9.3.5.3 India Flow Diversion Aneurysm Market
9.3.5.3.1 India Flow Diversion Aneurysm Market by Product
9.3.5.3.2 India Flow Diversion Aneurysm Market by End User
9.3.5.4 Japan Flow Diversion Aneurysm Market
9.3.5.4.1 Japan Flow Diversion Aneurysm Market by Product
9.3.5.4.2 Japan Flow Diversion Aneurysm Market by End User
9.3.5.5 South Korea Flow Diversion Aneurysm Market
9.3.5.5.1 South Korea Flow Diversion Aneurysm Market by Product
9.3.5.5.2 South Korea Flow Diversion Aneurysm Market by End User
9.3.5.6 Rest of Asia-Pacific Flow Diversion Aneurysm Market
9.3.5.6.1 Rest of Asia-Pacific Flow Diversion Aneurysm Market by Product
9.3.5.6.2 Rest of Asia-Pacific Flow Diversion Aneurysm Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Flow Diversion Aneurysm Market Overview
9.4.2 Middle East and Africa Flow Diversion Aneurysm Market Forecasts and Analysis
9.4.3 Middle East and Africa Flow Diversion Aneurysm Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Flow Diversion Aneurysm Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Flow Diversion Aneurysm Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Flow Diversion Aneurysm Market
9.4.5.1.1 South Africa Flow Diversion Aneurysm Market by Product
9.4.5.1.2 South Africa Flow Diversion Aneurysm Market by End User
9.4.5.2 Saudi Arabia Flow Diversion Aneurysm Market
9.4.5.2.1 Saudi Arabia Flow Diversion Aneurysm Market by Product
9.4.5.2.2 Saudi Arabia Flow Diversion Aneurysm Market by End User
9.4.5.3 U.A.E Flow Diversion Aneurysm Market
9.4.5.3.1 U.A.E Flow Diversion Aneurysm Market by Product
9.4.5.3.2 U.A.E Flow Diversion Aneurysm Market by End User
9.4.5.4 Rest of Middle East and Africa Flow Diversion Aneurysm Market
9.4.5.4.1 Rest of Middle East and Africa Flow Diversion Aneurysm Market by Product
9.4.5.4.2 Rest of Middle East and Africa Flow Diversion Aneurysm Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Flow Diversion Aneurysm Market Overview
9.5.2 South and Central America Flow Diversion Aneurysm Market Forecasts and Analysis
9.5.3 South and Central America Flow Diversion Aneurysm Market Forecasts and Analysis - By Product
9.5.4 South and Central America Flow Diversion Aneurysm Market Forecasts and Analysis - By End User
9.5.5 South and Central America Flow Diversion Aneurysm Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Flow Diversion Aneurysm Market
9.5.5.1.1 Brazil Flow Diversion Aneurysm Market by Product
9.5.5.1.2 Brazil Flow Diversion Aneurysm Market by End User
9.5.5.2 Argentina Flow Diversion Aneurysm Market
9.5.5.2.1 Argentina Flow Diversion Aneurysm Market by Product
9.5.5.2.2 Argentina Flow Diversion Aneurysm Market by End User
9.5.5.3 Rest of South and Central America Flow Diversion Aneurysm Market
9.5.5.3.1 Rest of South and Central America Flow Diversion Aneurysm Market by Product
9.5.5.3.2 Rest of South and Central America Flow Diversion Aneurysm Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL FLOW DIVERSION ANEURYSM MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. FLOW DIVERSION ANEURYSM MARKET, KEY COMPANY PROFILES
12.1. BALT EXTRUSION
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. MEDTRONIC PLC
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. STRYKER CORPORATION
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. ACANDIS GMBH
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. INSPIREMD
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. PENUMBRA INC
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. PHENOX GMBH
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. ACANDIS
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. PHENOX GMBH
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. MICROVENTION, INC
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
1. Balt Extrusion
2. Medtronic Plc
3. Stryker Corporation
4. Acandis GmbH
5. InspireMD
6. phenox GmbH
7. MicroVention, Inc
8. Penumbra Inc.
9. Phenox GmbH
10. Acandis
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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