The Healthcare Equipment Leasing Market is expected to register a CAGR of 12.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product (Durable Medical Equipment Leasing, Surgery & Therapy Equipment Leasing, Personal & Home Care Equipment Leasing, and Others) and End User (Hospitals, Diagnostic Centers, Clinics, and Others)
Purpose of the ReportThe report Healthcare Equipment Leasing 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.
Healthcare Equipment Leasing Market Segmentation
Product- Durable Medical Equipment Leasing
- Surgery & Therapy Equipment Leasing
- Personal & Home Care Equipment Leasing
- Others
- Hospitals
- Diagnostic Centers
- Clinics
- Others
Strategic Insights
Healthcare Equipment Leasing Market Growth Drivers- Cost-Effectiveness: The bottom line proves to be a crucial driving force behind the healthcare equipment leasing market. With the decision to lease instead of buy, healthcare facilities will use much-needed capital for other operating expenses and enhancements in patient care. This financial approach facilitates providers with access to quality medical equipment without being burdened by high costs for significant upfront expense. With shrinkage in budgets, the appeal of leasing has become even more appealing as it allows keeping up with technological advancements without greater financial strain.
- This ensured rapid technological advancements: Rapidly changing technological trends are significant catalysts in the healthcare equipment leasing market. The medical devices and equipment are continuously evolving, which creates update challenges to these service providers. In this context, leasing allows the facilities to embrace these new technologies without the burden of long-term ownership, with depreciation that comes with it. This is an approach that will help ensure access to leading-edge tools that ensure enhanced patient care and operational efficiency. Leasing, therefore, becomes an attractive option for such healthcare providers.
- Surge in Increasing Demand for Flexible Solutions: One of the key drivers of the growth in the healthcare equipment leasing market is rising demand for flexible options. Healthcare providers require access to flexible options to manage fluctuating patient volumes and diverse needs. Leasing allows for the flexibility of upscaling or downscaling the use of equipment based on varying demand, and thus enablings facilities to react rapidly to changes in situations. Such agility supports the effective delivery of better patient care while optimizing resource allocation, making leasing the first option in dynamic healthcare environments
- Growth of Telemedicine: One of the major growth trends experienced in the healthcare equipment leasing market is the rise of telemedicine. There are rising demands for specialized equipment, especially that facilitates virtual consultation and diagnosis delivery as virtual healthcare becomes fashionable. Leasing such specialized equipment gives health providers access to new telemedicine technologies without heavy investments. This flexibility benefits facilities in at least two ways: it helps them meet patient needs while allowing them to quickly adapt to the evolving advancements in telehealth solutions, thereby improving service delivery.
- Rising Equipment-as-a-Service (EaaS): Equipment-as-a-Service is transforming the health care equipment leasing industry by providing an end-to-end lease service that combines leasing with comprehensive support services: including maintenance and upgrade services. EaaS increases operational efficiency because there is less equipment downtime, and providers have access to some of the latest technologies available. EaaS, where facilities have streamlined services and improved patient care, is the most sought after in the leasing market.
- Improved compliance with governmental requirements: Regulatory compliance is among the most prevalent trends in the leasing market of healthcare equipment. The demands for stronger controls around the delivery of healthcare in terms of both safety and quality put pressure on providers to ensure that their equipment will be compliant with the rules. Leasing allows facilities to have up-to-date equipment that is kept in pace with new demands without major capital expenditures. This trend does not only ensure high-quality care but also instills confidence in the system among patients and other stakeholders.
- Growth of Customized Leasing Solution: Personalized leasing solutions on the basis of constituent elements of different healthcare sectors that include - hospitals, outpatient departments, specialized facilities opt to improve their level of satisfaction and retention of the service providers. This is so because the niche market would deal better with the operational need of the clients which would in turn increase the bonding with the client so as to ensure growth and profit in this case of cut throat competition.
- Technological Innovation: The major opportunities within the health care equipment leasing market include technological innovation. Leasing to invest in next-generation technologies, namely IoT and AI, will allow the leasing company to manage the equipment better, to improve predictive maintenance of the equipment, and to retrieve usage analytics. These inventions further develop the efficiency in operations and allow healthcare providers to attain usable insights. As facilities are in pursuit of smarter solutions, leasing companies that are making an effort towards greater technological development can identify and acquire more clientele while gaining sustainable competitive advantages.
- Involvement with Healthcare Providers: Strategic partnerships with healthcare providers would be the main scope for the healthcare equipment leasing market. This would enable coverage in services by aligning the leasing solution to specific issues that a particular provider is experiencing. The participation by leasing companies, in collaboration with providers, would deepen insight into potential market demand; customer satisfaction would increase, and long-term associations might be formulated to ensure repeat business. The culture involved is one of innovation and allows for creating customized solutions to meet changing healthcare needs in an effective manner.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Healthcare Equipment Leasing 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 Healthcare Equipment Leasing 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 healthcare equipment leasing market is estimated to grow with a CAGR of 12.7% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The healthcare equipment leasing market majorly consists of the players such as Philips Healthcare, Hill-Rom, Inc., and Oak Leasing among others.
The market drivers include cost-effectiveness and rapid technological advancements are driving the healthcare equipment leasing market
Rising Equipment-as-a-Service (EaaS) are likely to remain the key trend during the forecast period
North America dominated the healthcare equipment leasing 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 Healthcare Equipment Leasing Market- By Product
1.3.2 Healthcare Equipment Leasing Market- By End User
1.3.3 Healthcare Equipment Leasing Market- By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE EQUIPMENT LEASING MARKET LANDSCAPE
4.1 MARKET 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 & Africa - PEST Analysis
4.2.5 South and Central America - PEST Analysis
5. HEALTHCARE EQUIPMENT LEASING MARKET- KEY INDUSTRY 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. HEALTHCARE EQUIPMENT LEASING MARKET- GLOBAL ANALYSIS
6.1 HEALTHCARE EQUIPMENT LEASING MARKET - GLOBAL MARKET OVERVIEW
6.2 HEALTHCARE EQUIPMENT LEASING MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3 MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. HEALTHCARE EQUIPMENT LEASING MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1 OVERVIEW
7.2 PRODUCT MARKET FORECASTS AND ANALYSIS
7.3 DURABLE MEDICAL EQUIPMENT (DME) LEASING MARKET
7.3.1 Overview
7.3.2 Durable Medical Equipment (DME) Leasing Market Revenue Forecasts and Analysis (US$ Mn)
7.4 SURGERY AND THERAPY EQUIPMENT LEASING MARKET
7.4.1 Overview
7.4.2 Surgery and Therapy Equipment Leasing Market Revenue Forecasts and Analysis (US$ Mn)
7.5 PERSONAL AND HOMECARE EQUIPMENT LEASING MARKET
7.5.1 Overview
7.5.2 Personal and Homecare Equipment Leasing Market Revenue Forecasts and Analysis (US$ Mn)
7.6 OTHERS MARKET
7.6.1 Overview
7.6.2 Others Market Revenue Forecasts and Analysis (US$ Mn)
8. HEALTHCARE EQUIPMENT LEASING MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1 OVERVIEW
8.2 END USER MARKET FORECASTS AND ANALYSIS
8.3 HOSPITALS MARKET
8.3.1 Overview
8.3.2 Hospitals Market Revenue Forecasts and Analysis (US$ Mn)
8.4 DIAGNOSTIC CENTRES MARKET
8.4.1 Overview
8.4.2 Diagnostic Centres Market Revenue Forecasts and Analysis (US$ Mn)
8.5 CLINICS MARKET
8.5.1 Overview
8.5.2 Clinics Market Revenue Forecasts and Analysis (US$ Mn)
8.6 OTHERS MARKET
8.6.1 Overview
8.6.2 Others Market Revenue Forecasts and Analysis (US$ Mn)
9. HEALTHCARE EQUIPMENT LEASING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA HEALTHCARE EQUIPMENT LEASING MARKET
9.1.1 North America Healthcare Equipment Leasing Market Forecasts and Analysis (US$ Mn)
9.1.2 North America Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.1.3 North America Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4 North America Healthcare Equipment Leasing Market Forecasts and Analysis - By Country
9.1.5 US Market Overview
9.1.5.1 US Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.2 US Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.1.6 Canada Market Overview
9.1.6.1 Canada Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.2 Canada Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.1.7 Mexico Market Overview
9.1.7.1 Mexico Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.2 Mexico Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2 EUROPE HEALTHCARE EQUIPMENT LEASING MARKET
9.2.1 Europe Healthcare Equipment Leasing Market Forecasts and Analysis (US$ Mn)
9.2.2 Europe Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.3 Europe Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4 Europe Healthcare Equipment Leasing Market Forecasts and Analysis - By Country
9.2.5 UK Market Overview
9.2.5.1 UK Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.2 UK Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2.6 Germany Market Overview
9.2.6.1 Germany Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.2 Germany Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2.7 France Market Overview
9.2.7.1 France Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.2 France Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2.8 Italy Market Overview
9.2.8.1 Italy Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.8.2 Italy Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.2.9 Spain Market Overview
9.2.9.1 Spain Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.2.9.2 Spain Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3 ASIA PACIFIC HEALTHCARE EQUIPMENT LEASING MARKET
9.3.1 Asia Pacific Healthcare Equipment Leasing Market Forecasts and Analysis (US$ Mn)
9.3.2 Asia Pacific Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.3 Asia Pacific Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4 Asia Pacific Healthcare Equipment Leasing Market Forecasts and Analysis - By Country
9.3.5 Japan Market Overview
9.3.5.1 Japan Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.2 Japan Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3.6 India Market Overview
9.3.6.1 India Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.2 India Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3.7 China Market Overview
9.3.7.1 China Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.2 China Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3.8 South Korea Market Overview
9.3.8.1 South Korea Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.8.2 South Korea Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.3.9 Australia Market Overview
9.3.9.1 Australia Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.3.9.2 Australia Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.4 MIDDLE EAST & AFRICA (MEA) HEALTHCARE EQUIPMENT LEASING MARKET
9.4.1 Middle East & Africa (MEA) Healthcare Equipment Leasing Market Forecasts and Analysis (US$ Mn)
9.4.2 Middle East & Africa (MEA) Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.4.3 Middle East & Africa Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4 Middle East & Africa (MEA) Healthcare Equipment Leasing Market Forecasts and Analysis - By Country
9.4.5 South Africa Market Overview
9.4.5.1 South Africa Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.2 South Africa Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.4.6 Saudi Arabia Market Overview
9.4.6.1 Saudi Arabia Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.2 Saudi Arabia Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.4.7 UAE Market Overview
9.4.7.1 UAE Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.2 UAE Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.5 SOUTH AND CENTRAL AMERICA HEALTHCARE EQUIPMENT LEASING MARKET
9.5.1 South and Central America Healthcare Equipment Leasing Market Forecasts and Analysis (US$ Mn)
9.5.2 South and Central America Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.5.3 South and Central America Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4 South and Central America Healthcare Equipment Leasing Market Forecasts and Analysis - By Country
9.5.5 Brazil Market Overview
9.5.5.1 Brazil Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.2 Brazil Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
9.5.6 Argentina Market Overview
9.5.6.1 Argentina Healthcare Equipment Leasing Market Forecasts and Analysis - By Product (US$ Mn)
9.5.6.2 Argentina Healthcare Equipment Leasing Market Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1 ORGANIC GROWTH STRATEGIES
10.1.1 New Product Launches
10.1.2 Marketing & Promotional Activities
10.2 INORGANIC GROWTH STRATEGIES
10.2.1 Partnerships, Collaborations, and Joint Ventures
10.2.2 Mergers & Acquisitions
11. HEALTHCARE EQUIPMENT LEASING MARKET, KEY COMPANY PROFILES
11.1 DLL
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 Product Portfolio
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 GENERAL ELECTRIC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 Product Portfolio
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 NATIONAL TECHNOLOGY LEASING CORP
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 Product Portfolio
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 OAK LEASING
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 Product Portfolio
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ROTECH HEALTHCARE INC.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 Product Portfolio
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SIEMENS AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 Product Portfolio
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 IBJ LEASING COMPANY, LIMITED.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 Product Portfolio
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 PRUDENTIAL LEASING INC.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 Product Portfolio
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 HILL-ROM SERVICES INC.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 Product Portfolio
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 AGILITI HEALTH, INC.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 Product Portfolio
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. APPENDIX
12.1 ABOUT THE INSIGHT PARTNERS
12.2 GLOSSARY OF TERMS
1. DLL
2. General Electric
3. National Technology Leasing Corp
4. Oak Leasing
5. Rotech Healthcare Inc.
6. Siemens AG
7. IBJ Leasing Company, Limited.
8. Prudential Leasing Inc.
9. Hill-Rom Services Inc.
10. Agiliti Health, 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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