Hemostasis Valve Market Dynamics and Analysis by 2031
The Hemostasis Valve Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented By Type (Hemostasis Valve Y Connector, Double Y Connector Hemostasis Valve, One Handed); Application (Angiography, Angioplasty); End User (Hospitals, Ambulatory Surgery Centers). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Hemostasis Valve 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.
Hemostasis Valve Market Segmentation
Type- Hemostasis Valve Y Connector
- Double Y Connector Hemostasis Valve
- One Handed
- Angiography
- Angioplasty
- Hospitals
- Ambulatory Surgery Centers
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Hemostasis Valve Market Growth Drivers- Surge in the Number of Surgeries: The number of surgeries performed worldwide is increasing, and thanks to the rapid acceptance of minimally invasive technologies, more efficient hemostatic products become necessary for effective management of surgical bleeding. This places the healthcare sector on a lookout for the advanced hemostasis valves and hence creates an uptrend in sales in terms of the market.
- Technological Innovation: Advancement in the technology and design of these valves makes a huge share of growth in the hemostasis valve market. There is better performance with less chance of complications from newer one-way valves and individually-sized offerings from superior-quality materials that could help facilitate this. In fact, it has improved surgical efficiency and inculcates hospitals and care centers to upgrade to newer products, thus driving expansion in the market with changing clinical needs.
- Rising Awareness of Patient Safety: Due to increasing awareness of patient safety regarding proper bleeding control in surgeries. Healthcare providers are now more conscious of patient outcomes, hence the increased use of safe hemostatic solutions, ensuring patient safety, which has translated to investment in advanced valves capable of minimizing complications and improving the results of surgery, thereby fueling market growth.
- Trends toward minimally invasive surgery: The trend toward ever more minimally invasive surgical practices tends the market in the hemostasis valves. It has been more important to surgeons as such surgeries are where trauma is reduced to patients. Though this assists more in favor of specialization of each type of the valve for specific surgeries, the high demand for such valves promotes innovations toward user-friendly and efficient valve designs that prevent bleeding during surgery and, therefore, improve general outcomes in surgery.
- Increasing Customization and Personalization: Customization is increasingly emerging as the new trend in the hemostasis valve, and this very need makes healthcare providers seek customized solutions for specific surgical needs. The specific valves then released in various sizes and configurations enhance adaptability by the physician during surgery. This, above all, focuses on personalization: not only does it upgrade the efficiency of surgical procedures but also a confident physician goes on to the pathways of delivering quality care to patients.
- Integration of Smart Technologies: The hemostasis valves are being interlocked with advanced smart technologies that make them enhance precision in surgery and monitoring. Some smart changes include sensor technology that enables real-time feed about blood flow and control of bleeding. Features that emphasize safety, particularly along the lines of efficiency in procedures, attract tech-loving healthcare providers and hence give manufacturers an edge in the market.
- Growth in Global Surgical Markets: The growth potential in the surgical markets in developing regions is growing exponentially and these regions in particular offer a significant opportunity to the hemostasis valve market. Developing regions are expected to have a rise in demand for effective solutions in the surgical field as healthcare infrastructure improves and people receive surgeries due to easy access. The manufacturers have a good opportunity to tap this through partnerships with local medical facilities to provide products tailored to regional needs.
- Advances in Biocompatible Materials: The field of biocompatibility for hemostasis valves represents an opportunity to enhance product performance and safety. Here, the interest of manufacturers can be distinguished regarding innovative materials that trigger fewer adverse reactions and longer service life. Because this type meets the not only the regulatory requirements but also the safety aspects concerned by a healthcare provider when treating their patients over the long term, it creates a unique value proposition.
- Increase in Training and Education: Manufacturers of hemostasis valves can now avail the fast-emerging opportunity to be involved in education and training programs by health professionals on the use of valves. As blood control is emphasized to be had, companies can boost the value of their brands and gain loyalty with practitioners through workshops and information. Such an investment in education leads to increased adoption of advanced hemostatic solutions in surgery.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hemostasis Valve 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 Hemostasis Valve 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
This text is related
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
Boston Scientific Corporation, Abbott, Merit Medical Systems, Teleflex Incorporated, B. Braun Melsungen AG, SCITECH, DeRoyal Industries, Inc, Freudenberg Medical, Terumo Europe NV, ARGON MEDICALare are some of the major market players operating in the market
The Hemostasis Valve Y- Connectors segment accounts for highest revenue in type sgement in 2023
Asia Pacific region dominated the hemostasis valve market in 2023
The Hemostasis Valve Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the hemostasis valve market are:
1.Increasing Surgical Procedures
2. Advancements in Technology
3. Rising Awareness of Patient Safety
North America region dominated the hemostasis valve 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 Hemostasis Valve Market - By Type
1.3.2 Hemostasis Valve Market - By Application
1.3.3 Hemostasis Valve Market - By End User
1.3.4 Hemostasis Valve Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEMOSTASIS VALVE 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. HEMOSTASIS VALVE 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HEMOSTASIS VALVE MARKET - GLOBAL MARKET ANALYSIS
6.1. HEMOSTASIS VALVE - GLOBAL MARKET OVERVIEW
6.2. HEMOSTASIS VALVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HEMOSTASIS VALVE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEMOSTASIS VALVE Y CONNECTOR
7.3.1. Overview
7.3.2. Hemostasis Valve Y Connector Market Forecast and Analysis
7.4. DOUBLE Y CONNECTOR HEMOSTASIS VALVE
7.4.1. Overview
7.4.2. Double Y Connector Hemostasis Valve Market Forecast and Analysis
7.5. ONE HANDED
7.5.1. Overview
7.5.2. One Handed Market Forecast and Analysis
8. HEMOSTASIS VALVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ANGIOGRAPHY
8.3.1. Overview
8.3.2. Angiography Market Forecast and Analysis
8.4. ANGIOPLASTY
8.4.1. Overview
8.4.2. Angioplasty Market Forecast and Analysis
9. HEMOSTASIS VALVE 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. AMBULATORY SURGERY CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgery Centers Market Forecast and Analysis
10. HEMOSTASIS VALVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Hemostasis Valve Market Overview
10.1.2 North America Hemostasis Valve Market Forecasts and Analysis
10.1.3 North America Hemostasis Valve Market Forecasts and Analysis - By Type
10.1.4 North America Hemostasis Valve Market Forecasts and Analysis - By Application
10.1.5 North America Hemostasis Valve Market Forecasts and Analysis - By End User
10.1.6 North America Hemostasis Valve Market Forecasts and Analysis - By Countries
10.1.6.1 United States Hemostasis Valve Market
10.1.6.1.1 United States Hemostasis Valve Market by Type
10.1.6.1.2 United States Hemostasis Valve Market by Application
10.1.6.1.3 United States Hemostasis Valve Market by End User
10.1.6.2 Canada Hemostasis Valve Market
10.1.6.2.1 Canada Hemostasis Valve Market by Type
10.1.6.2.2 Canada Hemostasis Valve Market by Application
10.1.6.2.3 Canada Hemostasis Valve Market by End User
10.1.6.3 Mexico Hemostasis Valve Market
10.1.6.3.1 Mexico Hemostasis Valve Market by Type
10.1.6.3.2 Mexico Hemostasis Valve Market by Application
10.1.6.3.3 Mexico Hemostasis Valve Market by End User
10.2. EUROPE
10.2.1 Europe Hemostasis Valve Market Overview
10.2.2 Europe Hemostasis Valve Market Forecasts and Analysis
10.2.3 Europe Hemostasis Valve Market Forecasts and Analysis - By Type
10.2.4 Europe Hemostasis Valve Market Forecasts and Analysis - By Application
10.2.5 Europe Hemostasis Valve Market Forecasts and Analysis - By End User
10.2.6 Europe Hemostasis Valve Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Hemostasis Valve Market
10.2.6.1.1 Germany Hemostasis Valve Market by Type
10.2.6.1.2 Germany Hemostasis Valve Market by Application
10.2.6.1.3 Germany Hemostasis Valve Market by End User
10.2.6.2 France Hemostasis Valve Market
10.2.6.2.1 France Hemostasis Valve Market by Type
10.2.6.2.2 France Hemostasis Valve Market by Application
10.2.6.2.3 France Hemostasis Valve Market by End User
10.2.6.3 Italy Hemostasis Valve Market
10.2.6.3.1 Italy Hemostasis Valve Market by Type
10.2.6.3.2 Italy Hemostasis Valve Market by Application
10.2.6.3.3 Italy Hemostasis Valve Market by End User
10.2.6.4 Spain Hemostasis Valve Market
10.2.6.4.1 Spain Hemostasis Valve Market by Type
10.2.6.4.2 Spain Hemostasis Valve Market by Application
10.2.6.4.3 Spain Hemostasis Valve Market by End User
10.2.6.5 United Kingdom Hemostasis Valve Market
10.2.6.5.1 United Kingdom Hemostasis Valve Market by Type
10.2.6.5.2 United Kingdom Hemostasis Valve Market by Application
10.2.6.5.3 United Kingdom Hemostasis Valve Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Hemostasis Valve Market Overview
10.3.2 Asia-Pacific Hemostasis Valve Market Forecasts and Analysis
10.3.3 Asia-Pacific Hemostasis Valve Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Hemostasis Valve Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Hemostasis Valve Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Hemostasis Valve Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Hemostasis Valve Market
10.3.6.1.1 Australia Hemostasis Valve Market by Type
10.3.6.1.2 Australia Hemostasis Valve Market by Application
10.3.6.1.3 Australia Hemostasis Valve Market by End User
10.3.6.2 China Hemostasis Valve Market
10.3.6.2.1 China Hemostasis Valve Market by Type
10.3.6.2.2 China Hemostasis Valve Market by Application
10.3.6.2.3 China Hemostasis Valve Market by End User
10.3.6.3 India Hemostasis Valve Market
10.3.6.3.1 India Hemostasis Valve Market by Type
10.3.6.3.2 India Hemostasis Valve Market by Application
10.3.6.3.3 India Hemostasis Valve Market by End User
10.3.6.4 Japan Hemostasis Valve Market
10.3.6.4.1 Japan Hemostasis Valve Market by Type
10.3.6.4.2 Japan Hemostasis Valve Market by Application
10.3.6.4.3 Japan Hemostasis Valve Market by End User
10.3.6.5 South Korea Hemostasis Valve Market
10.3.6.5.1 South Korea Hemostasis Valve Market by Type
10.3.6.5.2 South Korea Hemostasis Valve Market by Application
10.3.6.5.3 South Korea Hemostasis Valve Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Hemostasis Valve Market Overview
10.4.2 Middle East and Africa Hemostasis Valve Market Forecasts and Analysis
10.4.3 Middle East and Africa Hemostasis Valve Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Hemostasis Valve Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Hemostasis Valve Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Hemostasis Valve Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Hemostasis Valve Market
10.4.6.1.1 South Africa Hemostasis Valve Market by Type
10.4.6.1.2 South Africa Hemostasis Valve Market by Application
10.4.6.1.3 South Africa Hemostasis Valve Market by End User
10.4.6.2 Saudi Arabia Hemostasis Valve Market
10.4.6.2.1 Saudi Arabia Hemostasis Valve Market by Type
10.4.6.2.2 Saudi Arabia Hemostasis Valve Market by Application
10.4.6.2.3 Saudi Arabia Hemostasis Valve Market by End User
10.4.6.3 U.A.E Hemostasis Valve Market
10.4.6.3.1 U.A.E Hemostasis Valve Market by Type
10.4.6.3.2 U.A.E Hemostasis Valve Market by Application
10.4.6.3.3 U.A.E Hemostasis Valve Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Hemostasis Valve Market Overview
10.5.2 South and Central America Hemostasis Valve Market Forecasts and Analysis
10.5.3 South and Central America Hemostasis Valve Market Forecasts and Analysis - By Type
10.5.4 South and Central America Hemostasis Valve Market Forecasts and Analysis - By Application
10.5.5 South and Central America Hemostasis Valve Market Forecasts and Analysis - By End User
10.5.6 South and Central America Hemostasis Valve Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Hemostasis Valve Market
10.5.6.1.1 Brazil Hemostasis Valve Market by Type
10.5.6.1.2 Brazil Hemostasis Valve Market by Application
10.5.6.1.3 Brazil Hemostasis Valve Market by End User
10.5.6.2 Argentina Hemostasis Valve Market
10.5.6.2.1 Argentina Hemostasis Valve Market by Type
10.5.6.2.2 Argentina Hemostasis Valve Market by Application
10.5.6.2.3 Argentina Hemostasis Valve 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. HEMOSTASIS VALVE MARKET, KEY COMPANY PROFILES
12.1. BOSTON SCIENTIFIC CORPORATION
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. ABBOTT
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. MERIT MEDICAL SYSTEMS
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. TELEFLEX INCORPORATED
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. B. BRAUN MELSUNGEN AG
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. SCITECH
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. DEROYAL INDUSTRIES, INC
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. FREUDENBERG MEDICAL
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. TERUMO EUROPE NV
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. ARGON MEDICAL
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. Boston Scientific Corporation
2. Abbott
3. Merit Medical Systems
4. Teleflex Incorporated
5. B. Braun Melsungen AG
6. SCITECH
7. DeRoyal Industries, Inc
8. Freudenberg Medical
9. Terumo Europe NV
10. ARGON MEDICAL
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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