Healthcare Facilities Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Healthcare facilities management is important for medical facilities. It enhances the patient experience by enabling the precise clinical care facility and generally focuses on the services delivery & support system to different healthcare organizations. The facilities management supports technoscientific management of services such as catering, cleaning, maintenance, and security. Innovative technologies like IoT (Internet of Things) present profitable opportunities for facility management service providers to provide better customer service in healthcare facilities. It is achieved by proper planning and resourceful delivery of various functions.
MARKET SCOPE
The "Global Healthcare Facilities Management Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare facilities management market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading healthcare facilities management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global healthcare facilities management market is segmented into waste management, security services, catering services, cleaning services, technical support services and other products.
- On the basis of end-users, the market is bifurcated into hospitals and clinics, long-term healthcare facilities and other end users.
MARKET DYNAMICS
Drivers:
- The surge in outsourced facility management services by the healthcare enterprise, increasing prevalence of chronic diseases, and rising geriatric population drive the healthcare facilities management market growth.
- Growing medical tourism in developing countries and rising global healthcare expenditures fuel market growth.
- Increasing adoption of advanced technologies such as automated guided vehicles in hospitals to increase efficiencies boosts the market's growth.
Restraints:
- Lack of management awareness among the people.
- Lack of facilities management investment in low-income countries.
- Scarcity of technical experts.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare facilities management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare facilities management market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE FACILITIES MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has impacted every sector's growth. With the rising number of COVID-19 patients, there is an increase in the number of diagnostics and treatments for COVID-19, resulting in the production of vast amounts of medical waste. Hygiene maintenance plays a vital role in controlling the COVID-19 situations. Also, the management of in-patient and out-patient services while maintaining social distancing during this outbreak is of utmost importance. Therefore, healthcare facilities need to provide care to all patients in the safest way possible. Hence, the factors mentioned above facilitate the healthcare facilities management demand during the pandemic.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare facilities management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare facilities management market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE FACILITIES MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has impacted every sector's growth. With the rising number of COVID-19 patients, there is an increase in the number of diagnostics and treatments for COVID-19, resulting in the production of vast amounts of medical waste. Hygiene maintenance plays a vital role in controlling the COVID-19 situations. Also, the management of in-patient and out-patient services while maintaining social distancing during this outbreak is of utmost importance. Therefore, healthcare facilities need to provide care to all patients in the safest way possible. Hence, the factors mentioned above facilitate the healthcare facilities management demand during the pandemic.
MARKET PLAYERS
The report covers key developments in the healthcare facilities management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from healthcare facilities management market are anticipated to have lucrative growth opportunities in the future with the rising demand for healthcare facilities management in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare facilities management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sodexo
- Serco Group plc
- Jones Lang LaSalle
- Mitie Group plc
- ABM Industries Inc.
- Aramark Corporation
- Ecolab Inc.
- Ocs Group
- Vanguard Resources Inc
- Medxcel Facilities Management
- 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 Healthcare Facilities Management Market - By Product Type
1.3.2 Healthcare Facilities Management Market - By End-users
1.3.3 Healthcare Facilities Management Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE FACILITIES MANAGEMENT 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. HEALTHCARE FACILITIES MANAGEMENT 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. HEALTHCARE FACILITIES MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE FACILITIES MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE FACILITIES MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTHCARE FACILITIES MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. WASTE MANAGEMENT
7.3.1. Overview
7.3.2. Waste Management Market Forecast and Analysis
7.4. SECURITY SERVICES
7.4.1. Overview
7.4.2. Security Services Market Forecast and Analysis
7.5. CATERING SERVICES
7.5.1. Overview
7.5.2. Catering Services Market Forecast and Analysis
7.6. CLEANING SERVICES
7.6.1. Overview
7.6.2. Cleaning Services Market Forecast and Analysis
7.7. TECHNICAL SUPPORT SERVICES
7.7.1. Overview
7.7.2. Technical Support Services Market Forecast and Analysis
7.8. OTHER PRODUCTS
7.8.1. Overview
7.8.2. Other Products Market Forecast and Analysis
8. HEALTHCARE FACILITIES MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS AND CLINICS
8.3.1. Overview
8.3.2. Hospitals and Clinics Market Forecast and Analysis
8.4. LONG-TERM HEALTHCARE FACILITIES
8.4.1. Overview
8.4.2. Long-term Healthcare Facilities Market Forecast and Analysis
8.5. OTHER END USERS
8.5.1. Overview
8.5.2. Other End Users Market Forecast and Analysis
9. HEALTHCARE FACILITIES MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Healthcare Facilities Management Market Overview
9.1.2 North America Healthcare Facilities Management Market Forecasts and Analysis
9.1.3 North America Healthcare Facilities Management Market Forecasts and Analysis - By Product Type
9.1.4 North America Healthcare Facilities Management Market Forecasts and Analysis - By End-users
9.1.5 North America Healthcare Facilities Management Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Healthcare Facilities Management Market
9.1.5.1.1 Canada Healthcare Facilities Management Market by Product Type
9.1.5.1.2 Canada Healthcare Facilities Management Market by End-users
9.1.5.2 Mexico Healthcare Facilities Management Market
9.1.5.2.1 Mexico Healthcare Facilities Management Market by Product Type
9.1.5.2.2 Mexico Healthcare Facilities Management Market by End-users
9.1.5.3 US Healthcare Facilities Management Market
9.1.5.3.1 US Healthcare Facilities Management Market by Product Type
9.1.5.3.2 US Healthcare Facilities Management Market by End-users
9.2. EUROPE
9.2.1 Europe Healthcare Facilities Management Market Overview
9.2.2 Europe Healthcare Facilities Management Market Forecasts and Analysis
9.2.3 Europe Healthcare Facilities Management Market Forecasts and Analysis - By Product Type
9.2.4 Europe Healthcare Facilities Management Market Forecasts and Analysis - By End-users
9.2.5 Europe Healthcare Facilities Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Healthcare Facilities Management Market
9.2.5.1.1 Germany Healthcare Facilities Management Market by Product Type
9.2.5.1.2 Germany Healthcare Facilities Management Market by End-users
9.2.5.2 France Healthcare Facilities Management Market
9.2.5.2.1 France Healthcare Facilities Management Market by Product Type
9.2.5.2.2 France Healthcare Facilities Management Market by End-users
9.2.5.3 Italy Healthcare Facilities Management Market
9.2.5.3.1 Italy Healthcare Facilities Management Market by Product Type
9.2.5.3.2 Italy Healthcare Facilities Management Market by End-users
9.2.5.4 Spain Healthcare Facilities Management Market
9.2.5.4.1 Spain Healthcare Facilities Management Market by Product Type
9.2.5.4.2 Spain Healthcare Facilities Management Market by End-users
9.2.5.5 United Kingdom Healthcare Facilities Management Market
9.2.5.5.1 United Kingdom Healthcare Facilities Management Market by Product Type
9.2.5.5.2 United Kingdom Healthcare Facilities Management Market by End-users
9.2.5.6 Rest of Europe Healthcare Facilities Management Market
9.2.5.6.1 Rest of Europe Healthcare Facilities Management Market by Product Type
9.2.5.6.2 Rest of Europe Healthcare Facilities Management Market by End-users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Healthcare Facilities Management Market Overview
9.3.2 Asia-Pacific Healthcare Facilities Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Healthcare Facilities Management Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Healthcare Facilities Management Market Forecasts and Analysis - By End-users
9.3.5 Asia-Pacific Healthcare Facilities Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Healthcare Facilities Management Market
9.3.5.1.1 Australia Healthcare Facilities Management Market by Product Type
9.3.5.1.2 Australia Healthcare Facilities Management Market by End-users
9.3.5.2 China Healthcare Facilities Management Market
9.3.5.2.1 China Healthcare Facilities Management Market by Product Type
9.3.5.2.2 China Healthcare Facilities Management Market by End-users
9.3.5.3 India Healthcare Facilities Management Market
9.3.5.3.1 India Healthcare Facilities Management Market by Product Type
9.3.5.3.2 India Healthcare Facilities Management Market by End-users
9.3.5.4 Japan Healthcare Facilities Management Market
9.3.5.4.1 Japan Healthcare Facilities Management Market by Product Type
9.3.5.4.2 Japan Healthcare Facilities Management Market by End-users
9.3.5.5 South Korea Healthcare Facilities Management Market
9.3.5.5.1 South Korea Healthcare Facilities Management Market by Product Type
9.3.5.5.2 South Korea Healthcare Facilities Management Market by End-users
9.3.5.6 Rest of Asia-Pacific Healthcare Facilities Management Market
9.3.5.6.1 Rest of Asia-Pacific Healthcare Facilities Management Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Healthcare Facilities Management Market by End-users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Healthcare Facilities Management Market Overview
9.4.2 Middle East and Africa Healthcare Facilities Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Healthcare Facilities Management Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Healthcare Facilities Management Market Forecasts and Analysis - By End-users
9.4.5 Middle East and Africa Healthcare Facilities Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Healthcare Facilities Management Market
9.4.5.1.1 South Africa Healthcare Facilities Management Market by Product Type
9.4.5.1.2 South Africa Healthcare Facilities Management Market by End-users
9.4.5.2 Saudi Arabia Healthcare Facilities Management Market
9.4.5.2.1 Saudi Arabia Healthcare Facilities Management Market by Product Type
9.4.5.2.2 Saudi Arabia Healthcare Facilities Management Market by End-users
9.4.5.3 U.A.E Healthcare Facilities Management Market
9.4.5.3.1 U.A.E Healthcare Facilities Management Market by Product Type
9.4.5.3.2 U.A.E Healthcare Facilities Management Market by End-users
9.4.5.4 Rest of Middle East and Africa Healthcare Facilities Management Market
9.4.5.4.1 Rest of Middle East and Africa Healthcare Facilities Management Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Healthcare Facilities Management Market by End-users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Healthcare Facilities Management Market Overview
9.5.2 South and Central America Healthcare Facilities Management Market Forecasts and Analysis
9.5.3 South and Central America Healthcare Facilities Management Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Healthcare Facilities Management Market Forecasts and Analysis - By End-users
9.5.5 South and Central America Healthcare Facilities Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Healthcare Facilities Management Market
9.5.5.1.1 Brazil Healthcare Facilities Management Market by Product Type
9.5.5.1.2 Brazil Healthcare Facilities Management Market by End-users
9.5.5.2 Argentina Healthcare Facilities Management Market
9.5.5.2.1 Argentina Healthcare Facilities Management Market by Product Type
9.5.5.2.2 Argentina Healthcare Facilities Management Market by End-users
9.5.5.3 Rest of South and Central America Healthcare Facilities Management Market
9.5.5.3.1 Rest of South and Central America Healthcare Facilities Management Market by Product Type
9.5.5.3.2 Rest of South and Central America Healthcare Facilities Management Market by End-users
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HEALTHCARE FACILITIES MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. SODEXO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SERCO GROUP PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JONES LANG LASALLE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MITIE GROUP PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ABM INDUSTRIES INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ARAMARK CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ECOLAB INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OCS GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VANGUARD RESOURCES INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MEDXCEL FACILITIES MANAGEMENT
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Sodexo
- Serco Group plc
- Jones Lang LaSalle
- Mitie Group plc
- ABM Industries Inc.
- Aramark Corporation
- Ecolab Inc.
- Ocs Group
- Vanguard Resources Inc
- Medxcel Facilities Management
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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