Foley Catheters Market Forecast (2024-2031)
The Foley Catheters Market is expected to register a CAGR of 5.4% 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 Material (Silicone, Hydrophilic Polymer Coated Latex, Silicone Elastomer Coated Latex, Polytetrafluoroethylene PTFE coated Latex, Other), Type (4-way Foley Catheters, 3-way Foley Catheters, 2-way Foley Catheters). The report further presents analysis based on the End User (Ambulatory Surgery Centers, Medical Research Centers, Hospitals, Clinics, Home Care). 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 Foley Catheters 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.
Foley Catheters Market Segmentation
Material- Silicone
- Hydrophilic Polymer Coated Latex
- Silicone Elastomer Coated Latex
- Polytetrafluoroethylene PTFE coated Latex
- Other
- 4-way Foley Catheters
- 3-way Foley Catheters
- 2-way Foley Catheters
- Ambulatory Surgery Centers
- Medical Research Centers
- Hospitals
- Clinics
- Home Care
Strategic Insights
Foley Catheters Market Growth Drivers- Increasing Demand for Foley Catheters:
The demand for Foley catheters also increases due to the growing prevalence of various urological diseases such as urinary incontinence, benign prostatic hyperplasia (BPH), and bladder retention among the aged population. These patients require a long period of catheterization. Foley catheters will prove to be an important tool for patients in effective urinary drainage management. - Growing Aged Population:
The world's aging population has increased significantly, with an increasing demand for Foley catheters. Older people are more prone to diseases such as incontinence and weakened bladder control; hence, many old patients have been diagnosed to use catheters for long periods. Such a demographic shift is pushing many of the growing economies from developed countries into the Foley catheter market. - Rise in Surgical Procedures:
As the demand for Foley catheters grows in urology and gynecological cases for post-operative care, so does the number of surgical operations. These catheters are further applied to control urinary retention in patients, especially those who have had prostatectomy, hysterectomy, and kidney stone operations; therefore, contributing to the high demand in hospitals and healthcare facilities.
- Use of Silicone Foley Catheters:
Silicone-based Foley catheters are becoming popular because they are biocompatible and therefore carry a lesser risk of allergic reaction and can be worn for a relatively longer period than latex. Increasingly more patients and practitioners seek healthier long-term options, and thus, the demand for silicone catheters has generated a driving force in moving manufacturers to innovate in silicone catheter technology. - Increased Use in Home Health:
This trend towards home health care services especially in the elderly is a catalyst in increasing the requirements for Foley catheters. With increasing numbers of patients being cared for on an extended basis in the comfort of their own homes rather than hospitals, the markets expand in the direction of more user-friendly, portable catheterization systems, thereby generating innovation towards comfort, safety, and ease of use. - Advancement in the Technology of Catheter Design:
Technology investments in Foley catheters include antimicrobial coatings and hydrophilic catheters, reducing the chances of UTI occurrence. Such innovations increase patient safety and comfort while reducing catheter-associated infections for healthcare providers, positioning innovative products at the cusp of market growth.
- Asian-Pacific Emerging Markets:
Strong growth in healthcare infrastructures in India and China is providing immense opportunities for producers of Foley catheters. Surcharging cases of urological disorders along with rising healthcare and healthcare expenditure increase the Asia-Pacific region's demand for Foley catheter products. - An Increased Emphasis on Catheter-Associated Infections Control:
The growing consciousness and regulatory focus on CAUTIs will present opportunities for vendors who can work on developing products and offering infection-resistant Foley catheters for sale. Antimicrobial and hydrophilic-coated catheters, by their design to make infections unlikely, may be able to capture hospital demand as more and more hospitals seek to strengthen their safety profiles for patients and adhere to stringent standards of infection control. - Development of Single-Use Catheters:
The trend towards single-use medical devices-related aspects due to the issue of infection control and environmental sustainability is expected to increase the chances in favor of the Foley catheter market. The manufacturers can capitalize on this opportunity by designing an economical, environment-friendly single-use catheter which reduces cross-contamination between patients.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Foley Catheters 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 Foley Catheters 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
The foley catheters market is estimated to grow with a CAGR of 5.4% from 2023 to 2031
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The foley catheters market majorly consists of players such Medtronic, Teleflex Incorporated, C. R. Bard among others
Increasing adoption of silicone foley catheters is likely to remain the key trend during the forecast period
The market drivers include the increasing demand for foley catheters, increasing aging population, rise in number of surgical procedures are driving the foley catheters market
North America dominated the foley catheters market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Foley Catheters Market - By Material
1.3.2 Foley Catheters Market - By Type
1.3.3 Foley Catheters Market - By End User
1.3.4 Foley Catheters Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOLEY CATHETERS 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. FOLEY CATHETERS 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. FOLEY CATHETERS MARKET - GLOBAL MARKET ANALYSIS
6.1. FOLEY CATHETERS - GLOBAL MARKET OVERVIEW
6.2. FOLEY CATHETERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOLEY CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. SILICONE
7.3.1. Overview
7.3.2. Silicone Market Forecast and Analysis
7.4. HYDROPHILIC POLYMER COATED LATEX
7.4.1. Overview
7.4.2. Hydrophilic Polymer Coated Latex Market Forecast and Analysis
7.5. SILICONE ELASTOMER COATED LATEX
7.5.1. Overview
7.5.2. Silicone Elastomer Coated Latex Market Forecast and Analysis
7.6. POLYTETRAFLUOROETHYLENE PTFE COATED LATEX
7.6.1. Overview
7.6.2. Polytetrafluoroethylene PTFE coated Latex Market Forecast and Analysis
7.7. OTHER
7.7.1. Overview
7.7.2. Other Market Forecast and Analysis
8. FOLEY CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. 4-WAY FOLEY CATHETERS
8.3.1. Overview
8.3.2. 4-way Foley Catheters Market Forecast and Analysis
8.4. 3-WAY FOLEY CATHETERS
8.4.1. Overview
8.4.2. 3-way Foley Catheters Market Forecast and Analysis
8.5. 2-WAY FOLEY CATHETERS
8.5.1. Overview
8.5.2. 2-way Foley Catheters Market Forecast and Analysis
9. FOLEY CATHETERS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. AMBULATORY SURGERY CENTERS
9.3.1. Overview
9.3.2. Ambulatory Surgery Centers Market Forecast and Analysis
9.4. MEDICAL RESEARCH CENTERS
9.4.1. Overview
9.4.2. Medical Research Centers Market Forecast and Analysis
9.5. HOSPITALS
9.5.1. Overview
9.5.2. Hospitals Market Forecast and Analysis
9.6. CLINICS
9.6.1. Overview
9.6.2. Clinics Market Forecast and Analysis
9.7. HOME CARE.
9.7.1. Overview
9.7.2. Home Care. Market Forecast and Analysis
10. FOLEY CATHETERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Foley Catheters Market Overview
10.1.2 North America Foley Catheters Market Forecasts and Analysis
10.1.3 North America Foley Catheters Market Forecasts and Analysis - By Material
10.1.4 North America Foley Catheters Market Forecasts and Analysis - By Type
10.1.5 North America Foley Catheters Market Forecasts and Analysis - By End User
10.1.6 North America Foley Catheters Market Forecasts and Analysis - By Countries
10.1.6.1 United States Foley Catheters Market
10.1.6.1.1 United States Foley Catheters Market by Material
10.1.6.1.2 United States Foley Catheters Market by Type
10.1.6.1.3 United States Foley Catheters Market by End User
10.1.6.2 Canada Foley Catheters Market
10.1.6.2.1 Canada Foley Catheters Market by Material
10.1.6.2.2 Canada Foley Catheters Market by Type
10.1.6.2.3 Canada Foley Catheters Market by End User
10.1.6.3 Mexico Foley Catheters Market
10.1.6.3.1 Mexico Foley Catheters Market by Material
10.1.6.3.2 Mexico Foley Catheters Market by Type
10.1.6.3.3 Mexico Foley Catheters Market by End User
10.1.6.4 US Foley Catheters Market
10.1.6.4.1 US Foley Catheters Market by Material
10.1.6.4.2 US Foley Catheters Market by Type
10.1.6.4.3 US Foley Catheters Market by End User
10.2. EUROPE
10.2.1 Europe Foley Catheters Market Overview
10.2.2 Europe Foley Catheters Market Forecasts and Analysis
10.2.3 Europe Foley Catheters Market Forecasts and Analysis - By Material
10.2.4 Europe Foley Catheters Market Forecasts and Analysis - By Type
10.2.5 Europe Foley Catheters Market Forecasts and Analysis - By End User
10.2.6 Europe Foley Catheters Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Foley Catheters Market
10.2.6.1.1 Germany Foley Catheters Market by Material
10.2.6.1.2 Germany Foley Catheters Market by Type
10.2.6.1.3 Germany Foley Catheters Market by End User
10.2.6.2 France Foley Catheters Market
10.2.6.2.1 France Foley Catheters Market by Material
10.2.6.2.2 France Foley Catheters Market by Type
10.2.6.2.3 France Foley Catheters Market by End User
10.2.6.3 Italy Foley Catheters Market
10.2.6.3.1 Italy Foley Catheters Market by Material
10.2.6.3.2 Italy Foley Catheters Market by Type
10.2.6.3.3 Italy Foley Catheters Market by End User
10.2.6.4 Spain Foley Catheters Market
10.2.6.4.1 Spain Foley Catheters Market by Material
10.2.6.4.2 Spain Foley Catheters Market by Type
10.2.6.4.3 Spain Foley Catheters Market by End User
10.2.6.5 United Kingdom Foley Catheters Market
10.2.6.5.1 United Kingdom Foley Catheters Market by Material
10.2.6.5.2 United Kingdom Foley Catheters Market by Type
10.2.6.5.3 United Kingdom Foley Catheters Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Foley Catheters Market Overview
10.3.2 Asia-Pacific Foley Catheters Market Forecasts and Analysis
10.3.3 Asia-Pacific Foley Catheters Market Forecasts and Analysis - By Material
10.3.4 Asia-Pacific Foley Catheters Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Foley Catheters Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Foley Catheters Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Foley Catheters Market
10.3.6.1.1 Australia Foley Catheters Market by Material
10.3.6.1.2 Australia Foley Catheters Market by Type
10.3.6.1.3 Australia Foley Catheters Market by End User
10.3.6.2 China Foley Catheters Market
10.3.6.2.1 China Foley Catheters Market by Material
10.3.6.2.2 China Foley Catheters Market by Type
10.3.6.2.3 China Foley Catheters Market by End User
10.3.6.3 India Foley Catheters Market
10.3.6.3.1 India Foley Catheters Market by Material
10.3.6.3.2 India Foley Catheters Market by Type
10.3.6.3.3 India Foley Catheters Market by End User
10.3.6.4 Japan Foley Catheters Market
10.3.6.4.1 Japan Foley Catheters Market by Material
10.3.6.4.2 Japan Foley Catheters Market by Type
10.3.6.4.3 Japan Foley Catheters Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Foley Catheters Market Overview
10.4.2 Middle East and Africa Foley Catheters Market Forecasts and Analysis
10.4.3 Middle East and Africa Foley Catheters Market Forecasts and Analysis - By Material
10.4.4 Middle East and Africa Foley Catheters Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Foley Catheters Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Foley Catheters Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Foley Catheters Market
10.4.6.1.1 South Africa Foley Catheters Market by Material
10.4.6.1.2 South Africa Foley Catheters Market by Type
10.4.6.1.3 South Africa Foley Catheters Market by End User
10.4.6.2 Saudi Arabia Foley Catheters Market
10.4.6.2.1 Saudi Arabia Foley Catheters Market by Material
10.4.6.2.2 Saudi Arabia Foley Catheters Market by Type
10.4.6.2.3 Saudi Arabia Foley Catheters Market by End User
10.4.6.3 U.A.E Foley Catheters Market
10.4.6.3.1 U.A.E Foley Catheters Market by Material
10.4.6.3.2 U.A.E Foley Catheters Market by Type
10.4.6.3.3 U.A.E Foley Catheters Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Foley Catheters Market Overview
10.5.2 South and Central America Foley Catheters Market Forecasts and Analysis
10.5.3 South and Central America Foley Catheters Market Forecasts and Analysis - By Material
10.5.4 South and Central America Foley Catheters Market Forecasts and Analysis - By Type
10.5.5 South and Central America Foley Catheters Market Forecasts and Analysis - By End User
10.5.6 South and Central America Foley Catheters Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Foley Catheters Market
10.5.6.1.1 Brazil Foley Catheters Market by Material
10.5.6.1.2 Brazil Foley Catheters Market by Type
10.5.6.1.3 Brazil Foley Catheters Market by End User
10.5.6.2 Argentina Foley Catheters Market
10.5.6.2.1 Argentina Foley Catheters Market by Material
10.5.6.2.2 Argentina Foley Catheters Market by Type
10.5.6.2.3 Argentina Foley Catheters 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. FOLEY CATHETERS MARKET, KEY COMPANY PROFILES
12.1. MEDTRONIC
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. TELEFLEX INCORPORATED
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. C.R. BARD
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. COOK MEDICAL
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. B. BRAUN MELSUNGEN AG
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. MEDLINE INDUSTRIES
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. COLOPLAST 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. CONVATEC
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. SONGHANG
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. APEXMED INTERNATIONAL
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
- Medtronic
- Teleflex Incorporated
- C. R. Bard
- Cook Medical
- B. Braun Melsungen AG
- Medline Industries
- Coloplast Ltd
- ConvaTec
- Songhang
- Apexmed International
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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