Gastric Bands Market Growth Report 2021 to 2031
The Gastric Bands Market is expected to register a CAGR of 4.62% 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 type (adjustable gastric bands and non-adjustable gastric bands). The report further presents analysis based on the end user (hospitals, ambulatory surgical centers, 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 Gastric Bands 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.
Gastric Bands Market Segmentation
Type- Adjustable Gastric Bands and Non-Adjustable Gastric Bands
- Hospitals
- Ambulatory Surgical Centers
- Others
Strategic Insights
Gastric Bands Market Growth Drivers- Rising Obesity and Associated Health Complications: The growing epidemic of obesity and related illnesses have heightened the demand for effective means of weight loss, which includes surgical procedures like gastric bands.
- Awareness of Bariatric Surgery is Growing: Increased awareness and acceptance of bariatric surgery as an effective treatment for obesity is contributing to the rising interest and investment in gastric banding procedures.
- Ongoing Improvements in Medical Technology: New technologies in gastric band design and surgical techniques, as well as minimally invasive methods in general, have promoted better outcomes and faster recovery times associated with gastric bands. These advances have allowed for improved patient feedback, and increased both the patients' and the doctor's perspective on using this procedure.
- Widespread Acceptance of Adjustable Gastric Bands: Adjustable gastric banding (AGB) is gaining popularity in recent years mainly due to its less invasive nature and lesser morbidity than other forms of bariatric surgeries. This tendency will persist as more and more weight management specialists endorse AGB as a weight loss treatment option.
- Progressing Gastric band Technology: Newer devices capable of monitoring the status of the band in real time and having some internet connectivity features will enhance patient compliance and outcomes among other advantages. Such technologies allow for monitoring patient activity and changes in the gastric band in a manner that enhances the success of the therapy. With advancement in technology, the attention of the manufacturers will be to come up with high tech devices that will meet the expectations of the patients.
- Escalating Need of Tailor Made Approach: In weight loss surgery which includes gastric banding, there is an apparent shift towards personalized medicine. This may include specific alterations in the positioning of the bands and/or the alterations to the bands themselves which may lead to improvements in the effective results of the rehabilitation procedure and healing of the patients.
- Advancements in Gastric Bands: Developing new gastric bands with enhanced features and materials, such as adjustable bands and technology to monitor patient progress, will further improve both effectiveness and technology to monitor patients' progress, which will increase satisfaction.
- Expand Market Reach in Emerging Economies: Emerging economies with growing obesity rates represent significant growth opportunities. Exploring collaborations with local providers is a viable approach to entering markets to mitigate risks of co-branding.
- Integration of Telemedicine Capabilities: Customized telemedicine can be utilized to provide remote consultations and follow-up care with patients before and after surgeries to increase access and convenience for patients to undergo surgery.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gastric Bands 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 Gastric Bands 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 market is expected to grow at a CAGR of 9.7%
increasing prevelance of various skin conditions and scarring is the major factors boosting the gastric band market growth
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
The North America region accounts for highest revenue share gastric band market
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 (%)
ENDYMED MEDIC, ALAlma Lasers, Neodyne Biosciences, Inc., Lumenis, Cynosure, Inc., Limmer Laser GmbH, Lynton Lasers, Syneron Medical Ltd., Sciton, Inc., EvoMedika are the some of the key market players operating in the scar treatment devices market
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. GASTRIC BANDS MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Gastric Bands Market - By Type
3.2.2. Gastric Bands Market - By End User
3.2.3. Gastric Bands Market - By Region
3.2.3.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. GASTRIC BANDS MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. GASTRIC BANDS MARKET - GLOBAL ANALYSIS
5.1. GLOBAL GASTRIC BANDS MARKET OVERVIEW
5.2. GLOBAL GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. MARKET POSITIONING/MARKET SHARE
5.4. PERFORMANCE OF KEY PLAYERS
5.5. EXPERT OPINIONS
6. GASTRIC BANDS MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
7.1. OVERVIEW
7.2. TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. ADJUSTABLE GASTRIC BANDS MARKET
7.3.1. Overview
7.3.2. Adjustable Gastric Bands Market Revenue Forecasts and Analysis (US$ Mn)
7.4. NON-ADJUSTABLE GASTRIC BANDS MARKET
7.4.1. Overview
7.4.2. Non-Adjustable Gastric Bands Market Revenue Forecasts and Analysis (US$ Mn)
8. GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
8.1. OVERVIEW
8.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Revenue Forecasts and Analysis (US$ Mn)
8.4. AMBULATORY SURGICAL CENTERSMARKET
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Revenue Forecasts and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
9.1. NORTH AMERICA GASTRIC BANDS MARKET OVERVIEW
9.2. NORTH AMERICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
9.3. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
9.4. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
9.5. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
9.6. US MARKET OVERVIEW
9.6.1. US Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.6.2. US Gastric Bands Market Revenue and Forecasts Analysis - By End User (US$ Mn)
9.7. CANADA MARKET OVERVIEW
9.7.1. Canada Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.7.2. Canada Gastric Bands Market Revenue and Forecasts Analysis - By End User (US$ Mn)
9.8. MEXICO MARKET OVERVIEW
9.8.1. Mexico Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.8.2. Mexico Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. EUROPE GASTRIC BANDS MARKET OVERVIEW
10.2. EUROPE GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
10.4. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
10.5. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.6. UK MARKET OVERVIEW
10.6.1. UK Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.6.2. UK Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.7. GERMANY MARKET OVERVIEW
10.7.1. Germany Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.7.2. Germany Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8. FRANCE MARKET OVERVIEW
10.8.1. France Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.8.2. France Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. ASIA PACIFIC GASTRIC BANDS MARKET OVERVIEW
11.2. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
11.4. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
11.5. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.6. JAPAN MARKET OVERVIEW
11.6.1. Japan Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.6.2. Japan Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.7. CHINA MARKET OVERVIEW
11.7.1. China Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.7.2. China Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8. INDIA MARKET OVERVIEW
11.8.1. India Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.8.2. India Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. MIDDLE EAST AND AFRICA (MEA) GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET OVERVIEW
12.2. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
12.4. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
12.5. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.6. SOUTH AFRICA MARKET OVERVIEW
12.6.1. South Africa Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.6.2. South Africa Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.7. SAUDI ARABIA MARKET OVERVIEW
12.7.1. Saudi Arabia Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.7.2. Saudi Arabia Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8. UAE MARKET OVERVIEW
12.8.1. UAE Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.8.2. UAE Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET OVERVIEW
13.2. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
13.4. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
13.5. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.6. BRAZIL MARKET OVERVIEW
13.6.1. Brazil Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
13.6.2. Brazil Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. INDUSTRY LANDSCAPE
14.1. ORGANIC GROWTH STRATEGIES
14.1.1. New Product Launches
14.1.2. Marketing & Promotional Activities
14.2. INORGANIC GROWTH STRATEGIES
14.2.1. Partnerships, Collaborations, and Joint Ventures
14.2.2. Mergers & Acquisitions
15. GASTRIC BANDS MARKET, KEY COMPANY PROFILES
15.1. COUSIN BIOTECH
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Financial Overview
15.1.4. Product Portfolio
15.1.5. Product Pipeline
15.1.6. SWOT Analysis
15.1.7. Key Developments
15.2. HELIOSCOPIE
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Financial Overview
15.2.4. Product Portfolio
15.2.5. Product Pipeline
15.2.6. SWOT Analysis
15.2.7. Key Developments
15.3. ETHICON USA, LLC
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Financial Overview
15.3.4. Product Portfolio
15.3.5. Product Pipeline
15.3.6. SWOT Analysis
15.3.7. Key Developments
15.4. APOLLO ENDOSURGERY, INC.
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Financial Overview
15.4.4. Product Portfolio
15.4.5. Product Pipeline
15.4.6. SWOT Analysis
15.4.7. Key Developments
15.5. MEDTRONIC
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Financial Overview
15.5.4. Product Portfolio
15.5.5. Product Pipeline
15.5.6. SWOT Analysis
15.5.7. Key Developments
15.6. TRANSENTERIX SURGICAL, INC
15.6.1. Business Description
15.6.2. Financial Overview
15.6.3. Product Portfolio
15.6.4. Product Pipeline
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. A.M.I. GMBH
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Financial Overview
15.7.4. Product Portfolio
15.7.5. Product Pipeline
15.7.6. SWOT Analysis
15.7.7. Key Developments
15.8. BARIATRIC PARTNERS, INC.
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Financial Overview
15.8.4. Product Portfolio
15.8.5. Product Pipeline
15.8.6. SWOT Analysis
15.8.7. Key Developments
15.9. MURFREESBORO SURGICAL SPECIALISTS, PLLC
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Financial Overview
15.9.4. Product Portfolio
15.9.5. Product Pipeline
15.9.6. SWOT Analysis
15.9.7. Key Developments
15.10. OBTECH MEDICAL AG
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Financial Overview
15.10.4. Product Portfolio
15.10.5. Product Pipeline
15.10.6. SWOT Analysis
15.10.7. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
16.3. RESEARCH METHODOLOGY
1. Cousin Biotech
2. Helioscopie
3. Ethicon USA, LLC
4. Apollo Endosurgery Inc.
5. Medtronic
6. TransEnterix Surgical, Inc
7. A.M.I. GmbH
8. Bariatric Partners, Inc.
9. Murfreesboro Surgical Specialists, PLLC
10. Obtech Medical AG
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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