Handheld Medical Body Scanner Market Key Findings by 2031
The handheld medical body scanner devices are used in diagnosing primary illnesses as well as choric diseases. The devices include three basic components: a near-infrared light source and an OCT (Optical Coherence Tomography) system, a video camera to relay real-time images of surface features, and scan locations micro-electro mechanical (MEMS) based scanner to direct the light. The near-infrared wavelengths of light penetrate deeper into human tissues than other wavelengths more readily absorbed by the body. By measuring the time it takes the light to bounce back from tissue microstructure, computer algorithms build a picture of the structure of tissue under examination. This is detailed enough to spot the first signs of tumors in specific cells and is about 100 times higher resolution than what X-Ray, computed tomography (CT), and Magnetic Resonance Imaging (MRI) machines can provide. According to researchers say that this device was designed to be used by medical professionals who do not specialize in imaging or pathology, allowing them to scan patients using the new device in clinics or at the bedside. Patients would not face the inconvenience of waiting for MRI or CT scanner availability and requiring attendance at a specialized facility.
MARKET DYNAMICS
The handheld medical body scanner market has shown a significant evolution over the forecast period. The key driving factors include the rising rate of non-communicable diseases and the growing aging population. Diabetic patients, especially, may benefit from the device. About 40 to 45 percent of people with diabetes develop leaky blood vessels in their retinas (retinopathy), leading to thickening of the retina, blurry vision, and eventually blindness. The handheld OCT device would allow doctors to monitor the health of the retina, potentially catching retinopathy in its early stages. Also, the advanced technology used in these devices provides high resolution and makes it easier for the physician to diagnose the disease. Handheld medical body scanner devices are mainly for primary care physicians, which are front-lines of diagnosing illnesses, lacking access to diagnostic equipment, thus fuelling the growth of this market. The doctors might be able to use the device to precisely identify diseases as they develop at the cellular level, in real-time, and in high resolution. However, the high cost of these scanners is likely to hamper the market growth. Multiple types of research regarding the handheld medical body scanner are emerging. For instance, Scientists at Nanyang Technological University, Singapore (NTU Singapore) have developed a handheld medical imaging device that can produce images down to resolutions of 1-2 micrometers. They use the technology of micro-OCT (Optical Coherence Tomography) on their device. Its potential ability to spot the first signs of cancers of the colon, stomach and skin, which begin in the nuclei of epithelial cells measuring about 1-2 micrometers.
MARKET SCOPE
The "Handheld Medical Body Scanner Market Analysis to 2031" is a specialized and in-depth study of the medical device in the healthcare industry, focusing on the global market trend analysis. This report provides an outline of the handheld medical body scanner market with detailed market segmentation by product, application, and end-user. The handheld medical body scanner market is expected to witness high growth during the forecast period. The report focuses on the vital statistics on the market status of the leading players in the handheld medical body scanner market and offers key trends and opportunities.
MARKET SEGMENTATION
The market is segmented based on product, application, and end-user. On the basis of the product, the market is categorized as a wired handheld medical body scanner and wireless handheld medical body scanner. Based on application, the market is segmented as diabetes, cancer, infections, and others. Based on the end-user, the market is segmented as hospitals, clinics, diagnostic centers, and others.
REGIONAL FRAMEWORK
The report lays out a detailed outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the handheld medical body scanner market-based on various segments. It also comprises market size and forecast estimates from the year 2021 to2031 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The handheld medical body scanner market by each region is later subdivided into respective countries and segments. The report comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the handheld medical body scanner market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also comprises precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the handheld medical body scanner market in these regions.
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The report lays out a detailed outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the handheld medical body scanner market-based on various segments. It also comprises market size and forecast estimates from the year 2021 to2031 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The handheld medical body scanner market by each region is later subdivided into respective countries and segments. The report comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the handheld medical body scanner market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also comprises precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the handheld medical body scanner market in these regions.
MARKET PLAYERS
The report contains critical developments in the handheld medical body scanner market as organic and inorganic growth strategies. Various enterprises focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the handheld medical body scanner market are anticipated to have profitable growth opportunities in the coming years with the rising demand for the handheld medical body scanner in the global market. Given below is the list of few companies engaged in the handheld medical body scanner market.
The report also comprises of the profiles of key players in the handheld medical body scanner market, along with their SWOT analysis and market strategies. Additionally, the report elaborates on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
- CREAFORM
- Butterfly Network, Inc.
- Clarius Mobile Health.
- Koninklijke Philips N.V.
- FUJIFILM Sonosite, Inc.
- Healcerion Co., Ltd.
- Meditech Equipment Co., Ltd
- TERASON DIVISION TERATECH CORPORATION.
- Sonostar Technologies Co., Limited
- GENERAL ELECTRIC COMPANY
The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Handheld Medical Body Scanner Market - By Product
1.3.2 Handheld Medical Body Scanner Market - By Application
1.3.3 Handheld Medical Body Scanner Market - By End-User
1.3.4 Handheld Medical Body Scanner Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HANDHELD MEDICAL BODY SCANNER 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. HANDHELD MEDICAL BODY SCANNER 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. HANDHELD MEDICAL BODY SCANNER MARKET - GLOBAL MARKET ANALYSIS
6.1. HANDHELD MEDICAL BODY SCANNER - GLOBAL MARKET OVERVIEW
6.2. HANDHELD MEDICAL BODY SCANNER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HANDHELD MEDICAL BODY SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. WIRED HANDHELD MEDICAL BODY SCANNER
7.3.1. Overview
7.3.2. Wired Handheld Medical Body Scanner Market Forecast and Analysis
7.4. WIRELESS HANDHELD MEDICAL BODY SCANNER
7.4.1. Overview
7.4.2. Wireless Handheld Medical Body Scanner Market Forecast and Analysis
8. HANDHELD MEDICAL BODY SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DIABETES
8.3.1. Overview
8.3.2. Diabetes Market Forecast and Analysis
8.4. CANCER
8.4.1. Overview
8.4.2. Cancer Market Forecast and Analysis
8.5. INFECTIONS
8.5.1. Overview
8.5.2. Infections Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HANDHELD MEDICAL BODY SCANNER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. DIAGNOSTIC CENTERS
9.5.1. Overview
9.5.2. Diagnostic Centers Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. HANDHELD MEDICAL BODY SCANNER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Handheld Medical Body Scanner Market Overview
10.1.2 North America Handheld Medical Body Scanner Market Forecasts and Analysis
10.1.3 North America Handheld Medical Body Scanner Market Forecasts and Analysis - By Product
10.1.4 North America Handheld Medical Body Scanner Market Forecasts and Analysis - By Application
10.1.5 North America Handheld Medical Body Scanner Market Forecasts and Analysis - By End-User
10.1.6 North America Handheld Medical Body Scanner Market Forecasts and Analysis - By Countries
10.1.6.1 Mexico Handheld Medical Body Scanner Market
10.1.6.1.1 Mexico Handheld Medical Body Scanner Market by Product
10.1.6.1.2 Mexico Handheld Medical Body Scanner Market by Application
10.1.6.1.3 Mexico Handheld Medical Body Scanner Market by End-User
10.2. EUROPE
10.2.1 Europe Handheld Medical Body Scanner Market Overview
10.2.2 Europe Handheld Medical Body Scanner Market Forecasts and Analysis
10.2.3 Europe Handheld Medical Body Scanner Market Forecasts and Analysis - By Product
10.2.4 Europe Handheld Medical Body Scanner Market Forecasts and Analysis - By Application
10.2.5 Europe Handheld Medical Body Scanner Market Forecasts and Analysis - By End-User
10.2.6 Europe Handheld Medical Body Scanner Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Handheld Medical Body Scanner Market
10.2.6.1.1 Germany Handheld Medical Body Scanner Market by Product
10.2.6.1.2 Germany Handheld Medical Body Scanner Market by Application
10.2.6.1.3 Germany Handheld Medical Body Scanner Market by End-User
10.2.6.2 France Handheld Medical Body Scanner Market
10.2.6.2.1 France Handheld Medical Body Scanner Market by Product
10.2.6.2.2 France Handheld Medical Body Scanner Market by Application
10.2.6.2.3 France Handheld Medical Body Scanner Market by End-User
10.2.6.3 Italy Handheld Medical Body Scanner Market
10.2.6.3.1 Italy Handheld Medical Body Scanner Market by Product
10.2.6.3.2 Italy Handheld Medical Body Scanner Market by Application
10.2.6.3.3 Italy Handheld Medical Body Scanner Market by End-User
10.2.6.4 Spain Handheld Medical Body Scanner Market
10.2.6.4.1 Spain Handheld Medical Body Scanner Market by Product
10.2.6.4.2 Spain Handheld Medical Body Scanner Market by Application
10.2.6.4.3 Spain Handheld Medical Body Scanner Market by End-User
10.2.6.5 United Kingdom Handheld Medical Body Scanner Market
10.2.6.5.1 United Kingdom Handheld Medical Body Scanner Market by Product
10.2.6.5.2 United Kingdom Handheld Medical Body Scanner Market by Application
10.2.6.5.3 United Kingdom Handheld Medical Body Scanner Market by End-User
10.2.6.6 Rest of Europe Handheld Medical Body Scanner Market
10.2.6.6.1 Rest of Europe Handheld Medical Body Scanner Market by Product
10.2.6.6.2 Rest of Europe Handheld Medical Body Scanner Market by Application
10.2.6.6.3 Rest of Europe Handheld Medical Body Scanner Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Handheld Medical Body Scanner Market Overview
10.3.2 Asia-Pacific Handheld Medical Body Scanner Market Forecasts and Analysis
10.3.3 Asia-Pacific Handheld Medical Body Scanner Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Handheld Medical Body Scanner Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Handheld Medical Body Scanner Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Handheld Medical Body Scanner Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Handheld Medical Body Scanner Market
10.3.6.1.1 Australia Handheld Medical Body Scanner Market by Product
10.3.6.1.2 Australia Handheld Medical Body Scanner Market by Application
10.3.6.1.3 Australia Handheld Medical Body Scanner Market by End-User
10.3.6.2 China Handheld Medical Body Scanner Market
10.3.6.2.1 China Handheld Medical Body Scanner Market by Product
10.3.6.2.2 China Handheld Medical Body Scanner Market by Application
10.3.6.2.3 China Handheld Medical Body Scanner Market by End-User
10.3.6.3 India Handheld Medical Body Scanner Market
10.3.6.3.1 India Handheld Medical Body Scanner Market by Product
10.3.6.3.2 India Handheld Medical Body Scanner Market by Application
10.3.6.3.3 India Handheld Medical Body Scanner Market by End-User
10.3.6.4 Japan Handheld Medical Body Scanner Market
10.3.6.4.1 Japan Handheld Medical Body Scanner Market by Product
10.3.6.4.2 Japan Handheld Medical Body Scanner Market by Application
10.3.6.4.3 Japan Handheld Medical Body Scanner Market by End-User
10.3.6.5 South Korea Handheld Medical Body Scanner Market
10.3.6.5.1 South Korea Handheld Medical Body Scanner Market by Product
10.3.6.5.2 South Korea Handheld Medical Body Scanner Market by Application
10.3.6.5.3 South Korea Handheld Medical Body Scanner Market by End-User
10.3.6.6 Rest of Asia-Pacific Handheld Medical Body Scanner Market
10.3.6.6.1 Rest of Asia-Pacific Handheld Medical Body Scanner Market by Product
10.3.6.6.2 Rest of Asia-Pacific Handheld Medical Body Scanner Market by Application
10.3.6.6.3 Rest of Asia-Pacific Handheld Medical Body Scanner Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Handheld Medical Body Scanner Market Overview
10.4.2 Middle East and Africa Handheld Medical Body Scanner Market Forecasts and Analysis
10.4.3 Middle East and Africa Handheld Medical Body Scanner Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Handheld Medical Body Scanner Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Handheld Medical Body Scanner Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Handheld Medical Body Scanner Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Handheld Medical Body Scanner Market
10.4.6.1.1 South Africa Handheld Medical Body Scanner Market by Product
10.4.6.1.2 South Africa Handheld Medical Body Scanner Market by Application
10.4.6.1.3 South Africa Handheld Medical Body Scanner Market by End-User
10.4.6.2 Saudi Arabia Handheld Medical Body Scanner Market
10.4.6.2.1 Saudi Arabia Handheld Medical Body Scanner Market by Product
10.4.6.2.2 Saudi Arabia Handheld Medical Body Scanner Market by Application
10.4.6.2.3 Saudi Arabia Handheld Medical Body Scanner Market by End-User
10.4.6.3 U.A.E Handheld Medical Body Scanner Market
10.4.6.3.1 U.A.E Handheld Medical Body Scanner Market by Product
10.4.6.3.2 U.A.E Handheld Medical Body Scanner Market by Application
10.4.6.3.3 U.A.E Handheld Medical Body Scanner Market by End-User
10.4.6.4 Rest of Middle East and Africa Handheld Medical Body Scanner Market
10.4.6.4.1 Rest of Middle East and Africa Handheld Medical Body Scanner Market by Product
10.4.6.4.2 Rest of Middle East and Africa Handheld Medical Body Scanner Market by Application
10.4.6.4.3 Rest of Middle East and Africa Handheld Medical Body Scanner Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Handheld Medical Body Scanner Market Overview
10.5.2 South and Central America Handheld Medical Body Scanner Market Forecasts and Analysis
10.5.3 South and Central America Handheld Medical Body Scanner Market Forecasts and Analysis - By Product
10.5.4 South and Central America Handheld Medical Body Scanner Market Forecasts and Analysis - By Application
10.5.5 South and Central America Handheld Medical Body Scanner Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Handheld Medical Body Scanner Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Handheld Medical Body Scanner Market
10.5.6.1.1 Brazil Handheld Medical Body Scanner Market by Product
10.5.6.1.2 Brazil Handheld Medical Body Scanner Market by Application
10.5.6.1.3 Brazil Handheld Medical Body Scanner Market by End-User
10.5.6.2 Argentina Handheld Medical Body Scanner Market
10.5.6.2.1 Argentina Handheld Medical Body Scanner Market by Product
10.5.6.2.2 Argentina Handheld Medical Body Scanner Market by Application
10.5.6.2.3 Argentina Handheld Medical Body Scanner Market by End-User
10.5.6.3 Rest of South and Central America Handheld Medical Body Scanner Market
10.5.6.3.1 Rest of South and Central America Handheld Medical Body Scanner Market by Product
10.5.6.3.2 Rest of South and Central America Handheld Medical Body Scanner Market by Application
10.5.6.3.3 Rest of South and Central America Handheld Medical Body Scanner 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. HANDHELD MEDICAL BODY SCANNER MARKET, KEY COMPANY PROFILES
12.1. CREAFORM
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. BUTTERFLY NETWORK, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CLARIUS MOBILE HEALTH.
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. KONINKLIJKE PHILIPS N.V.
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. FUJIFILM SONOSITE, INC.
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. HEALCERION CO., LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MEDITECH EQUIPMENT CO.,LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TERASON DIVISION TERATECH CORPORATION.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SONOSTAR TECHNOLOGIES CO., LIMITED
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. GENERAL ELECTRIC COMPANY
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. CREAFORM
2. Butterfly Network, Inc.
3. Clarius Mobile Health.
4. Koninklijke Philips N.V.
5. FUJIFILM Sonosite, Inc.
6. Healcerion Co., Ltd.
7. Meditech Equipment Co.,Ltd
8. TERASON DIVISION TERATECH CORPORATION.
9. Sonostar Technologies Co., Limited
10. GENERAL ELECTRIC COMPANY
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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