Fluorescein Angiography Equipment Market Scope 2031
The Fluorescein Angiography Equipment Market is expected to register a CAGR of 9.3% 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 Technology (Digital, Analog); Application (Macular Edema, Macular Degeneration, Macular Pucker, Ocular Melanoma, Diabetic Retinopathy, 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 Fluorescein Angiography Equipment 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.
Fluorescein Angiography Equipment Market Segmentation
Technology- Digital
- Analog
- Macular Edema
- Macular Degeneration
- Macular Pucker
- Ocular Melanoma
- Diabetic Retinopathy
- Others
Strategic Insights
Fluorescein Angiography Equipment Market Growth Drivers- The Increasing Prevalence of Retinal Disorders: The surging demand for fluorescein angiography instruments can be attributed in a great portion to the growing incidence of retinal conditions like diabetic retinopathy and age macular degeneration. With the growth of the geriatric population trends worldwide, coupled with the increasing lifestyle related diseases, the need for early detection and proper management of such diseases increases even further. This advances the market as healthcare providers always have the urge to go for any new imaging technologies which would improve the quality of care.
- Technological Advancement: Technological advancements in fluorescein angiography equipment are among the major driving forces of the market. Some of these innovations include digital imaging, automated analysis, and improved visualization which enhances accuracy and speed of diagnosis. These advances not only provide a more efficient and safer means of carrying out the said procedures but also broaden their use in the clinical setting. Therefore, the healthcare facilities are upgrading their systems to state-of-the-art technology in a bid to offer better healthcare services to patients which in turn boosts the market.
- Increasing focus on preventive healthcare and early diagnosis: Preventive healthcare measures especially in disease surveillance are also contributing to the growth of the market for fluorescein angiography equipment. There is growing government and health organization support for incorporating periodic eye examinations and treatments into the overall healthcare strategy. This approach that promotes health rather than simply treating ill health compels use of state of the art imaging tools as clinicians do not want to wait for the problem to deteriorate so that it can be corrected, which in the end improves health of the population.
- Integration of Artificial Intelligence: One of the emerging statistics in the market for fluorescein angiography equipment is the incorporation of artificial intelligence (AI), and machine learning technologies. These technologies aid in rapid image analyses and interpretation, thus making the diagnosis more efficient. Additionally, AI systems can train the clinicians to easily spot changes and structures in retinal pictures, therefore be enhancing management and outcomes of patients at the same time eliminating non-value adding processes within a busy healthcare environment.
- Rising Preference for Handheld and Portable Devices: As long as that, another noticeable trend is the prevalence of portable as well as handheld fluorescein angiography devices. This is because these smaller systems enable more practice particularly in remote or disadvantaged regions of the world where conventional imaging devices may not exist. Quite the opposite, such devices make it easy to undertake testing at the site of the patient and therefore makes it easy for the patients to make repeat visits for screening further improving this sector’s market whilst widening diagnostic service provision.
- increasing demand for Sustainable and Ecofriendly Products: Go Green is a current trend that cuts across the fluorescein angiography equipment’s market. For this reason, many companies devote a lot of resources to the manufacture of environmental friendly products by using recyclable raw materials and energy saving equipment. This shift also provides opportunities for such systems in health care which are embedded in the desire to cut down the carbon footprint. Thus cause for concern on the issue of sustainability is bound to give such companies in that business an advantage over other players in the market.
- Increasing Demand for Telemedicine: The increased utilization of telemedicine services presents an enormous market scope for the fluorescein angiography imaging systems market. With more remote consultations being offered, there is usually a demand for lightweight imaging equipment that can aid in diagnosis over distance. This is convenient since it enables the health care providers to get to patients who are in the remote areas or those areas where health services are barely available, thus increasing the market size as well as easing the access to desirable eye care health services.
- Collaboration with Healthcare Providers: Cooperation between healthcare providers and IT companies stands another great chance. In order to advance new fluorescein angiography products, such companies can use augmented reality and other sophisticated imaging technologies. The end result of these collaborative efforts will most likely be better, safer and easier-to-use devices which improves diagnostics and enhances their use in different clinics, hence growing the market.
- Growing Thrusts of Customized Medicine: Growing tactile medicine orientation provides possibilities for customized fluorescein angiography systems. With the advent of such galenic system approaches, there is a need for equipment which is aimed at improving diagnosis of a particular pathology of a certain patient. This developing market provides a prime opportunity for manufacturers who focus on advanced imaging systems allowing such assessments to be made on an individual basis and can therefore lead the market in this fast changing environment.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Fluorescein Angiography Equipment 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 Fluorescein Angiography Equipment 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
This text is related
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
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
The market is expected to grow at a CAGR of 9.3%
increasing prevalence of retinal disorders and technological advancement are the major factors boosting the fluorescein angiography equipment market growth
The North America region accounts for highest revenue share fluorescein angiography equipment market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
Carl Zeiss Meditec, Inc, .NIDEK Co., Ltd., Kowa Company Ltd., Topcon Medical Systems, Inc., Optomed Oy (Ltd.), CenterVue SpA, Canon, Inc., Clarity Medical Systems Inc., Heidelberg Engineering Inc., Eyenuk, Inc the some of the key market players operating in the fluorescein angiography equipment market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fluorescein Angiography Equipment Market - By Technology
1.3.2 Fluorescein Angiography Equipment Market - By Application
1.3.3 Fluorescein Angiography Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLUORESCEIN ANGIOGRAPHY EQUIPMENT 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. FLUORESCEIN ANGIOGRAPHY EQUIPMENT 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. FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. FLUORESCEIN ANGIOGRAPHY EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. FLUORESCEIN ANGIOGRAPHY EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. DIGITAL
7.3.1. Overview
7.3.2. Digital Market Forecast and Analysis
7.4. ANALOG
7.4.1. Overview
7.4.2. Analog Market Forecast and Analysis
8. FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MACULAR EDEMA
8.3.1. Overview
8.3.2. Macular Edema Market Forecast and Analysis
8.4. MACULAR DEGENERATION
8.4.1. Overview
8.4.2. Macular Degeneration Market Forecast and Analysis
8.5. MACULAR PUCKER
8.5.1. Overview
8.5.2. Macular Pucker Market Forecast and Analysis
8.6. OCULAR MELANOMA
8.6.1. Overview
8.6.2. Ocular Melanoma Market Forecast and Analysis
8.7. DIABETIC RETINOPATHY
8.7.1. Overview
8.7.2. Diabetic Retinopathy Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fluorescein Angiography Equipment Market Overview
9.1.2 North America Fluorescein Angiography Equipment Market Forecasts and Analysis
9.1.3 North America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Technology
9.1.4 North America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Application
9.1.5 North America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fluorescein Angiography Equipment Market
9.1.5.1.1 United States Fluorescein Angiography Equipment Market by Technology
9.1.5.1.2 United States Fluorescein Angiography Equipment Market by Application
9.1.5.2 Canada Fluorescein Angiography Equipment Market
9.1.5.2.1 Canada Fluorescein Angiography Equipment Market by Technology
9.1.5.2.2 Canada Fluorescein Angiography Equipment Market by Application
9.1.5.3 Mexico Fluorescein Angiography Equipment Market
9.1.5.3.1 Mexico Fluorescein Angiography Equipment Market by Technology
9.1.5.3.2 Mexico Fluorescein Angiography Equipment Market by Application
9.2. EUROPE
9.2.1 Europe Fluorescein Angiography Equipment Market Overview
9.2.2 Europe Fluorescein Angiography Equipment Market Forecasts and Analysis
9.2.3 Europe Fluorescein Angiography Equipment Market Forecasts and Analysis - By Technology
9.2.4 Europe Fluorescein Angiography Equipment Market Forecasts and Analysis - By Application
9.2.5 Europe Fluorescein Angiography Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fluorescein Angiography Equipment Market
9.2.5.1.1 Germany Fluorescein Angiography Equipment Market by Technology
9.2.5.1.2 Germany Fluorescein Angiography Equipment Market by Application
9.2.5.2 France Fluorescein Angiography Equipment Market
9.2.5.2.1 France Fluorescein Angiography Equipment Market by Technology
9.2.5.2.2 France Fluorescein Angiography Equipment Market by Application
9.2.5.3 Italy Fluorescein Angiography Equipment Market
9.2.5.3.1 Italy Fluorescein Angiography Equipment Market by Technology
9.2.5.3.2 Italy Fluorescein Angiography Equipment Market by Application
9.2.5.4 Spain Fluorescein Angiography Equipment Market
9.2.5.4.1 Spain Fluorescein Angiography Equipment Market by Technology
9.2.5.4.2 Spain Fluorescein Angiography Equipment Market by Application
9.2.5.5 United Kingdom Fluorescein Angiography Equipment Market
9.2.5.5.1 United Kingdom Fluorescein Angiography Equipment Market by Technology
9.2.5.5.2 United Kingdom Fluorescein Angiography Equipment Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fluorescein Angiography Equipment Market Overview
9.3.2 Asia-Pacific Fluorescein Angiography Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Fluorescein Angiography Equipment Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Fluorescein Angiography Equipment Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Fluorescein Angiography Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fluorescein Angiography Equipment Market
9.3.5.1.1 Australia Fluorescein Angiography Equipment Market by Technology
9.3.5.1.2 Australia Fluorescein Angiography Equipment Market by Application
9.3.5.2 China Fluorescein Angiography Equipment Market
9.3.5.2.1 China Fluorescein Angiography Equipment Market by Technology
9.3.5.2.2 China Fluorescein Angiography Equipment Market by Application
9.3.5.3 India Fluorescein Angiography Equipment Market
9.3.5.3.1 India Fluorescein Angiography Equipment Market by Technology
9.3.5.3.2 India Fluorescein Angiography Equipment Market by Application
9.3.5.4 Japan Fluorescein Angiography Equipment Market
9.3.5.4.1 Japan Fluorescein Angiography Equipment Market by Technology
9.3.5.4.2 Japan Fluorescein Angiography Equipment Market by Application
9.3.5.5 South Korea Fluorescein Angiography Equipment Market
9.3.5.5.1 South Korea Fluorescein Angiography Equipment Market by Technology
9.3.5.5.2 South Korea Fluorescein Angiography Equipment Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fluorescein Angiography Equipment Market Overview
9.4.2 Middle East and Africa Fluorescein Angiography Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Fluorescein Angiography Equipment Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Fluorescein Angiography Equipment Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Fluorescein Angiography Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fluorescein Angiography Equipment Market
9.4.5.1.1 South Africa Fluorescein Angiography Equipment Market by Technology
9.4.5.1.2 South Africa Fluorescein Angiography Equipment Market by Application
9.4.5.2 Saudi Arabia Fluorescein Angiography Equipment Market
9.4.5.2.1 Saudi Arabia Fluorescein Angiography Equipment Market by Technology
9.4.5.2.2 Saudi Arabia Fluorescein Angiography Equipment Market by Application
9.4.5.3 U.A.E Fluorescein Angiography Equipment Market
9.4.5.3.1 U.A.E Fluorescein Angiography Equipment Market by Technology
9.4.5.3.2 U.A.E Fluorescein Angiography Equipment Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fluorescein Angiography Equipment Market Overview
9.5.2 South and Central America Fluorescein Angiography Equipment Market Forecasts and Analysis
9.5.3 South and Central America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Application
9.5.5 South and Central America Fluorescein Angiography Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fluorescein Angiography Equipment Market
9.5.5.1.1 Brazil Fluorescein Angiography Equipment Market by Technology
9.5.5.1.2 Brazil Fluorescein Angiography Equipment Market by Application
9.5.5.2 Argentina Fluorescein Angiography Equipment Market
9.5.5.2.1 Argentina Fluorescein Angiography Equipment Market by Technology
9.5.5.2.2 Argentina Fluorescein Angiography Equipment Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
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. FLUORESCEIN ANGIOGRAPHY EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. CARL ZEISS MEDITEC, INC.
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. NIDEK CO., LTD.
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. KOWA COMPANY LTD.
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. TOPCON MEDICAL SYSTEMS, INC.
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. OPTOMED OY
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. CENTERVUE SPA
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. CANON, INC.
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. CLARITY MEDICAL SYSTEMS INC.
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. HEIDELBERG ENGINEERING INC.
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. EYENUK, 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
12.11.
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Carl Zeiss Meditec, Inc.
2. NIDEK Co., Ltd.
3. Kowa Company Ltd.
4. Topcon Medical Systems, Inc.
5. Optomed Oy (Ltd.)
6. CenterVue SpA
7. Canon, Inc.
8. Clarity Medical Systems Inc.
9. Heidelberg Engineering Inc.
10. Eyenuk, 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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