Healthcare IT Integration Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Healthcare IT integration is a type of medical device through which physicians and doctors can constantly monitor infant children. Healthcare IT integration is also used to feed the babies medicine, fluids, or even draw blood, check the blood pressure, treat several diseases, and continuously monitor the status and health of the baby. The rising demand for a system that can enhance the efficiency of healthcare providers and institutions is the vital factor escalating the market growth.
MARKET SCOPE
The "Global Healthcare IT Integration Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare IT integration market with detailed market segmentation by product and services, end use, and geography. The report provides key statistics on the market status of the leading healthcare IT integration market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product and services, the global healthcare IT integration market is segmented into by products, interface/integration engines, medical device integration software, media integration solutions, other integration tools, and by services, implementation and integration, support and maintenance, training and education, consulting.
- On the basis of end use, the market is segmented into hospitals, laboratories, clinics, diagnostic imaging centers, others.
MARKET DYNAMICS
Drivers
- Rise in the adoption of Electronic health records and healthcare IT integration solutions.
- Support from government as well as private for healthcare IT integration.
- Rising telehealth and remote monitoring markets
Restraints
- The high cost of healthcare IT integrated solution is the major restrain factor for this market.
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 IT integration 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 marketduring 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 IT integration market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE IT INTEGRATION 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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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 IT integration 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 marketduring 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 IT integration market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE IT INTEGRATION 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the healthcare IT integration 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare IT integration market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare IT integration in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare IT integration 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.
- Infor
- InterSystems Corporation
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Orion Health
- NextGen Healthcare Inc.
- iNTERFACEWARE Inc.
- Epic Systems Corporation
- Koninklijke Philips
- Capsule Technologies Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing 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 Healthcare It Integration Market - By Product and Services
1.3.2 Healthcare It Integration Market - By End Use
1.3.3 Healthcare It Integration Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE IT INTEGRATION 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 IT INTEGRATION 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 IT INTEGRATION MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE IT INTEGRATION - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE IT INTEGRATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTHCARE IT INTEGRATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT AND SERVICES
7.1. OVERVIEW
7.2. PRODUCT AND SERVICES MARKET FORECASTS AND ANALYSIS
7.3. PRODUCT
7.3.1. Overview
7.3.2. Product Market Forecast and Analysis
7.3.3. Interface/Integration Engines Market
7.3.3.1. Overview
7.3.3.2. Interface/Integration Engines Market Forecast and Analysis
7.3.4. Medical Device Integration Software Market
7.3.4.1. Overview
7.3.4.2. Medical Device Integration Software Market Forecast and Analysis
7.3.5. Media Integration Solutions Market
7.3.5.1. Overview
7.3.5.2. Media Integration Solutions Market Forecast and Analysis
7.3.6. Other Integration Tools Market
7.3.6.1. Overview
7.3.6.2. Other Integration Tools Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Implementation and Integration Market
7.4.3.1. Overview
7.4.3.2. Implementation and Integration Market Forecast and Analysis
7.4.4. Support and Maintenance Market
7.4.4.1. Overview
7.4.4.2. Support and Maintenance Market Forecast and Analysis
7.4.5. Training and Education Market
7.4.5.1. Overview
7.4.5.2. Training and Education Market Forecast and Analysis
7.4.6. Consulting Market
7.4.6.1. Overview
7.4.6.2. Consulting Market Forecast and Analysis
8. HEALTHCARE IT INTEGRATION MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. LABORATORIES
8.4.1. Overview
8.4.2. Laboratories Market Forecast and Analysis
8.5. CLINICS
8.5.1. Overview
8.5.2. Clinics Market Forecast and Analysis
8.6. DIAGNOSTIC IMAGING CENTERS
8.6.1. Overview
8.6.2. Diagnostic Imaging Centers Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HEALTHCARE IT INTEGRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Healthcare It Integration Market Overview
9.1.2 North America Healthcare It Integration Market Forecasts and Analysis
9.1.3 North America Healthcare It Integration Market Forecasts and Analysis - By Product and Services
9.1.4 North America Healthcare It Integration Market Forecasts and Analysis - By End Use
9.1.5 North America Healthcare It Integration Market Forecasts and Analysis - By Countries
9.1.5.1 United States Healthcare It Integration Market
9.1.5.1.1 United States Healthcare It Integration Market by Product and Services
9.1.5.1.2 United States Healthcare It Integration Market by End Use
9.1.5.2 Canada Healthcare It Integration Market
9.1.5.2.1 Canada Healthcare It Integration Market by Product and Services
9.1.5.2.2 Canada Healthcare It Integration Market by End Use
9.1.5.3 Mexico Healthcare It Integration Market
9.1.5.3.1 Mexico Healthcare It Integration Market by Product and Services
9.1.5.3.2 Mexico Healthcare It Integration Market by End Use
9.2. EUROPE
9.2.1 Europe Healthcare It Integration Market Overview
9.2.2 Europe Healthcare It Integration Market Forecasts and Analysis
9.2.3 Europe Healthcare It Integration Market Forecasts and Analysis - By Product and Services
9.2.4 Europe Healthcare It Integration Market Forecasts and Analysis - By End Use
9.2.5 Europe Healthcare It Integration Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Healthcare It Integration Market
9.2.5.1.1 Germany Healthcare It Integration Market by Product and Services
9.2.5.1.2 Germany Healthcare It Integration Market by End Use
9.2.5.2 France Healthcare It Integration Market
9.2.5.2.1 France Healthcare It Integration Market by Product and Services
9.2.5.2.2 France Healthcare It Integration Market by End Use
9.2.5.3 Italy Healthcare It Integration Market
9.2.5.3.1 Italy Healthcare It Integration Market by Product and Services
9.2.5.3.2 Italy Healthcare It Integration Market by End Use
9.2.5.4 Spain Healthcare It Integration Market
9.2.5.4.1 Spain Healthcare It Integration Market by Product and Services
9.2.5.4.2 Spain Healthcare It Integration Market by End Use
9.2.5.5 United Kingdom Healthcare It Integration Market
9.2.5.5.1 United Kingdom Healthcare It Integration Market by Product and Services
9.2.5.5.2 United Kingdom Healthcare It Integration Market by End Use
9.2.5.6 Rest of Europe Healthcare It Integration Market
9.2.5.6.1 Rest of Europe Healthcare It Integration Market by Product and Services
9.2.5.6.2 Rest of Europe Healthcare It Integration Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Healthcare It Integration Market Overview
9.3.2 Asia-Pacific Healthcare It Integration Market Forecasts and Analysis
9.3.3 Asia-Pacific Healthcare It Integration Market Forecasts and Analysis - By Product and Services
9.3.4 Asia-Pacific Healthcare It Integration Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Healthcare It Integration Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Healthcare It Integration Market
9.3.5.1.1 Australia Healthcare It Integration Market by Product and Services
9.3.5.1.2 Australia Healthcare It Integration Market by End Use
9.3.5.2 China Healthcare It Integration Market
9.3.5.2.1 China Healthcare It Integration Market by Product and Services
9.3.5.2.2 China Healthcare It Integration Market by End Use
9.3.5.3 India Healthcare It Integration Market
9.3.5.3.1 India Healthcare It Integration Market by Product and Services
9.3.5.3.2 India Healthcare It Integration Market by End Use
9.3.5.4 Japan Healthcare It Integration Market
9.3.5.4.1 Japan Healthcare It Integration Market by Product and Services
9.3.5.4.2 Japan Healthcare It Integration Market by End Use
9.3.5.5 South Korea Healthcare It Integration Market
9.3.5.5.1 South Korea Healthcare It Integration Market by Product and Services
9.3.5.5.2 South Korea Healthcare It Integration Market by End Use
9.3.5.6 Rest of Asia-Pacific Healthcare It Integration Market
9.3.5.6.1 Rest of Asia-Pacific Healthcare It Integration Market by Product and Services
9.3.5.6.2 Rest of Asia-Pacific Healthcare It Integration Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Healthcare It Integration Market Overview
9.4.2 Middle East and Africa Healthcare It Integration Market Forecasts and Analysis
9.4.3 Middle East and Africa Healthcare It Integration Market Forecasts and Analysis - By Product and Services
9.4.4 Middle East and Africa Healthcare It Integration Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Healthcare It Integration Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Healthcare It Integration Market
9.4.5.1.1 South Africa Healthcare It Integration Market by Product and Services
9.4.5.1.2 South Africa Healthcare It Integration Market by End Use
9.4.5.2 Saudi Arabia Healthcare It Integration Market
9.4.5.2.1 Saudi Arabia Healthcare It Integration Market by Product and Services
9.4.5.2.2 Saudi Arabia Healthcare It Integration Market by End Use
9.4.5.3 U.A.E Healthcare It Integration Market
9.4.5.3.1 U.A.E Healthcare It Integration Market by Product and Services
9.4.5.3.2 U.A.E Healthcare It Integration Market by End Use
9.4.5.4 Rest of Middle East and Africa Healthcare It Integration Market
9.4.5.4.1 Rest of Middle East and Africa Healthcare It Integration Market by Product and Services
9.4.5.4.2 Rest of Middle East and Africa Healthcare It Integration Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Healthcare It Integration Market Overview
9.5.2 South and Central America Healthcare It Integration Market Forecasts and Analysis
9.5.3 South and Central America Healthcare It Integration Market Forecasts and Analysis - By Product and Services
9.5.4 South and Central America Healthcare It Integration Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Healthcare It Integration Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Healthcare It Integration Market
9.5.5.1.1 Brazil Healthcare It Integration Market by Product and Services
9.5.5.1.2 Brazil Healthcare It Integration Market by End Use
9.5.5.2 Argentina Healthcare It Integration Market
9.5.5.2.1 Argentina Healthcare It Integration Market by Product and Services
9.5.5.2.2 Argentina Healthcare It Integration Market by End Use
9.5.5.3 Rest of South and Central America Healthcare It Integration Market
9.5.5.3.1 Rest of South and Central America Healthcare It Integration Market by Product and Services
9.5.5.3.2 Rest of South and Central America Healthcare It Integration Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTHCARE IT INTEGRATION MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. HEALTHCARE IT INTEGRATION MARKET, KEY COMPANY PROFILES
12.1. INFOR
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. INTERSYSTEMS CORPORATION
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. CERNER CORPORATION
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. ORION HEALTH
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. NEXTGEN HEALTHCARE 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. INTERFACEWARE, INC.
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. EPIC SYSTEMS CORPORATION
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. KONINKLIJKE PHILIPS
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. CAPSULE TECHNOLOGIES INC.
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Infor
2. InterSystems Corporation
3. Cerner Corporation
4. Allscripts Healthcare Solutions, Inc.
5. Orion Health
6. NextGen Healthcare Inc.
7. iNTERFACEWARE, Inc.
8. Epic Systems Corporation
9. Koninklijke Philips
10. Capsule Technologies 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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