The Home Medical Equipment Market is expected to register a CAGR of 6% 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 Functionality (Therapeutic Equipment, Patient Monitoring Equipment, Mobility Assist and Patient Support Equipment). Also, the report is segmented based on Distribution Channel (Pharmacies, Retail Medical Stores, Online Retailers). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Home Medical Equipment 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.
Home Medical Equipment Market Segmentation
Functionality- Therapeutic Equipment
- Patient Monitoring Equipment
- Mobility Assist and Patient Support Equipment
- Pharmacies
- Retail Medical Stores
- Online Retailers
Strategic Insights
Home Medical Equipment Market Growth Drivers- Elderly Demographics: The demography of the society is changing with more people getting older, and this trend stands out as one of the notable factors that is propelling the home medical equipment industry. Given their advanced age, most seniors have some chronic illnesses that in most cases require constant attention and treatment. This leads to a rising need for portable therapeutic equipment such as sphygmomanometers, nasal draw central systems, and other appreciative items that help seniors live independently.
- Growth of Telemedicine: Development of telemedicine has provided opportunities that have impacted the home medical equipment market positively. With more remote consultations being embraced, the health care referred to as domiciliary medicine has also incorporated various devices such as body worn activity sensors, digital stethoscopes, and house visiting kits for patients` data collection. Though these technologies do not eradicate the need for face to face consultations, the These technologies have a great influence on patient care by enabling health care practitioners to provide care to the patient without proximity of the patient, which creates a need for home medical devices that can be connected to the patient.
- Favoring Therapy in the Home Environment: People have also adapted to the trend of homecare rather than hospitalization and this is fueled by the need to access cheaper and easier health services hence outlook for the home medical equipment market is positive. In most cases, patients prefer staying at home and being treated rather than being hospitalized so that they do not incur the exorbitant charges and loss of comfort associated with hospitals. This means that there will be an increase in the demand for home medical devices like infusion pumps and other related equipment like wound care and transportation/ mobility supplies.
- Modernizing design approach: The market for home health care devices is witnessing a transformation whereby smart design is assumed because more and more especially equipment are interconnected and more of them are data driven. For example, handheld health monitors, smart oxygen concentrators, remote patient imaging systems can now be synced with mobile phones and medical organizations. This trend has enhanced health results among the patients owing to the great information exchange that occurs in real-time, the emergence of treatments tailored to individual patients and the organization of home healthcare services.
- Increase in Adoption of Rehabilitation Services at Home: There is a marked tendency towards rehabilitation especially at home rather than in hospitals following a surgery or an injury. Home medical equipment like physiotherapy machines, motion assist devices, and other helpful medical devices are being embraced a lot more since most of the patients are recovering at home. This is due to the fact that patients are looking for more comfortable and affordable rehabilitation methods and also due to the fact that patients are remotely guided by available tele-rehabilitation services.
- More Focus on Control Over Non-communicable Diseases in Recent Years: Roughly 89% of deaths resulting from heart diseases occur in the underdeveloped parts of the globe and as such leads to increasing purchase of home medical devices for treatment of the diseases. In fact, equipment such as blood sugar checking devices, blood pressure checker devices and sleep apnea treatment machines are already widely in use. This trend indicates that there is a change from just looking for medical assistance to seeking and obtaining medical attention and controlling the management of chronic conditions from the home.
- Surge in Demand for Elderly Care Solutions: Ever since the world population has been on the increasing side, there exists an enormous potential for the manufacturers of home medical equipment to design and come up with products suited for the old age category. Mobility aids, chronic illness appliances, and home monitoring devices promote independent and safe living conditions for the elderly. This provides opportunity to the companies to offer equipment for medical assistance to this growing group of individuals with certain specific tailored and easy-to-use medical assistance with special emphasis on aged care.
- Growth Opportunities in Emerging Nations: Developing nations offered the largest market opportunity for home healthcare equipment. With better healthcare and a rising middle class especially in the regions of Asia-Pacific and Africa, the demand for cheap medical care at home is increasing. Therefore, this presents a new area for prospective growth where the businesses offer home based healthcare services that are affordable and fit the needs of the market.
- Scope of Home Healthcare Devices and Their Future Integration with Telemedicine Services: The boundless growth of the telehealth services creates kwakidiop opportunities for home medical equipment suppliers. Certain medical equipment such as remote health monitors, digital thermometer and other wearables such as activity trackers can assist in improving the quality of healthcare while allowing patients to stay at home. All these concepts advocate for home medical devices that are controlled by telecommunication devices.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Home Medical Equipment 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 Home Medical Equipment 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
Abbott Laboratories, B Braun Melsungen Ag, and General Electric Company accounted for major market shares in the year 2023
2021 to 2022- are the historic year, 2023 - base year, 2024 to 2031- are the forecast year
Asia Pacific region is the fastest growing in the market
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
North America region accounted for the accounted for the highest market share
The Home Medical Equipment Market is estimated to witness a CAGR of 6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Home Medical Equipment Market - By Functionality
1.3.2 Home Medical Equipment Market - By Distribution Channel
1.3.3 Home Medical Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOME MEDICAL EQUIPMENT 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. HOME MEDICAL EQUIPMENT 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. HOME MEDICAL EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. HOME MEDICAL EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. HOME MEDICAL EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOME MEDICAL EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTIONALITY
7.1. OVERVIEW
7.2. FUNCTIONALITY MARKET FORECASTS AND ANALYSIS
7.3. THERAPEUTIC EQUIPMENT
7.3.1. Overview
7.3.2. Therapeutic Equipment Market Forecast and Analysis
7.4. PATIENT MONITORING EQUIPMENT
7.4.1. Overview
7.4.2. Patient Monitoring Equipment Market Forecast and Analysis
7.5. MOBILITY ASSIST AND PATIENT SUPPORT EQUIPMENT
7.5.1. Overview
7.5.2. Mobility Assist and Patient Support Equipment Market Forecast and Analysis
8. HOME MEDICAL EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. PHARMACIES
8.3.1. Overview
8.3.2. Pharmacies Market Forecast and Analysis
8.4. RETAIL MEDICAL STORES
8.4.1. Overview
8.4.2. Retail Medical Stores Market Forecast and Analysis
8.5. ONLINE RETAILERS
8.5.1. Overview
8.5.2. Online Retailers Market Forecast and Analysis
9. HOME MEDICAL EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Home Medical Equipment Market Overview
9.1.2 North America Home Medical Equipment Market Forecasts and Analysis
9.1.3 North America Home Medical Equipment Market Forecasts and Analysis - By Functionality
9.1.4 North America Home Medical Equipment Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Home Medical Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Home Medical Equipment Market
9.1.5.1.1 United States Home Medical Equipment Market by Functionality
9.1.5.1.2 United States Home Medical Equipment Market by Distribution Channel
9.1.5.2 Canada Home Medical Equipment Market
9.1.5.2.1 Canada Home Medical Equipment Market by Functionality
9.1.5.2.2 Canada Home Medical Equipment Market by Distribution Channel
9.1.5.3 Mexico Home Medical Equipment Market
9.1.5.3.1 Mexico Home Medical Equipment Market by Functionality
9.1.5.3.2 Mexico Home Medical Equipment Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Home Medical Equipment Market Overview
9.2.2 Europe Home Medical Equipment Market Forecasts and Analysis
9.2.3 Europe Home Medical Equipment Market Forecasts and Analysis - By Functionality
9.2.4 Europe Home Medical Equipment Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Home Medical Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Home Medical Equipment Market
9.2.5.1.1 Germany Home Medical Equipment Market by Functionality
9.2.5.1.2 Germany Home Medical Equipment Market by Distribution Channel
9.2.5.2 France Home Medical Equipment Market
9.2.5.2.1 France Home Medical Equipment Market by Functionality
9.2.5.2.2 France Home Medical Equipment Market by Distribution Channel
9.2.5.3 Italy Home Medical Equipment Market
9.2.5.3.1 Italy Home Medical Equipment Market by Functionality
9.2.5.3.2 Italy Home Medical Equipment Market by Distribution Channel
9.2.5.4 Spain Home Medical Equipment Market
9.2.5.4.1 Spain Home Medical Equipment Market by Functionality
9.2.5.4.2 Spain Home Medical Equipment Market by Distribution Channel
9.2.5.5 United Kingdom Home Medical Equipment Market
9.2.5.5.1 United Kingdom Home Medical Equipment Market by Functionality
9.2.5.5.2 United Kingdom Home Medical Equipment Market by Distribution Channel
9.2.5.6 Rest of Europe Home Medical Equipment Market
9.2.5.6.1 Rest of Europe Home Medical Equipment Market by Functionality
9.2.5.6.2 Rest of Europe Home Medical Equipment Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Home Medical Equipment Market Overview
9.3.2 Asia-Pacific Home Medical Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Home Medical Equipment Market Forecasts and Analysis - By Functionality
9.3.4 Asia-Pacific Home Medical Equipment Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Home Medical Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Home Medical Equipment Market
9.3.5.1.1 Australia Home Medical Equipment Market by Functionality
9.3.5.1.2 Australia Home Medical Equipment Market by Distribution Channel
9.3.5.2 China Home Medical Equipment Market
9.3.5.2.1 China Home Medical Equipment Market by Functionality
9.3.5.2.2 China Home Medical Equipment Market by Distribution Channel
9.3.5.3 India Home Medical Equipment Market
9.3.5.3.1 India Home Medical Equipment Market by Functionality
9.3.5.3.2 India Home Medical Equipment Market by Distribution Channel
9.3.5.4 Japan Home Medical Equipment Market
9.3.5.4.1 Japan Home Medical Equipment Market by Functionality
9.3.5.4.2 Japan Home Medical Equipment Market by Distribution Channel
9.3.5.5 South Korea Home Medical Equipment Market
9.3.5.5.1 South Korea Home Medical Equipment Market by Functionality
9.3.5.5.2 South Korea Home Medical Equipment Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Home Medical Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Home Medical Equipment Market by Functionality
9.3.5.6.2 Rest of Asia-Pacific Home Medical Equipment Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Home Medical Equipment Market Overview
9.4.2 Middle East and Africa Home Medical Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Home Medical Equipment Market Forecasts and Analysis - By Functionality
9.4.4 Middle East and Africa Home Medical Equipment Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Home Medical Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Home Medical Equipment Market
9.4.5.1.1 South Africa Home Medical Equipment Market by Functionality
9.4.5.1.2 South Africa Home Medical Equipment Market by Distribution Channel
9.4.5.2 Saudi Arabia Home Medical Equipment Market
9.4.5.2.1 Saudi Arabia Home Medical Equipment Market by Functionality
9.4.5.2.2 Saudi Arabia Home Medical Equipment Market by Distribution Channel
9.4.5.3 U.A.E Home Medical Equipment Market
9.4.5.3.1 U.A.E Home Medical Equipment Market by Functionality
9.4.5.3.2 U.A.E Home Medical Equipment Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Home Medical Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Home Medical Equipment Market by Functionality
9.4.5.4.2 Rest of Middle East and Africa Home Medical Equipment Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Home Medical Equipment Market Overview
9.5.2 South and Central America Home Medical Equipment Market Forecasts and Analysis
9.5.3 South and Central America Home Medical Equipment Market Forecasts and Analysis - By Functionality
9.5.4 South and Central America Home Medical Equipment Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Home Medical Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Home Medical Equipment Market
9.5.5.1.1 Brazil Home Medical Equipment Market by Functionality
9.5.5.1.2 Brazil Home Medical Equipment Market by Distribution Channel
9.5.5.2 Argentina Home Medical Equipment Market
9.5.5.2.1 Argentina Home Medical Equipment Market by Functionality
9.5.5.2.2 Argentina Home Medical Equipment Market by Distribution Channel
9.5.5.3 Rest of South and Central America Home Medical Equipment Market
9.5.5.3.1 Rest of South and Central America Home Medical Equipment Market by Functionality
9.5.5.3.2 Rest of South and Central America Home Medical Equipment Market by Distribution Channel
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HOME MEDICAL EQUIPMENT 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. HOME MEDICAL EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. ABBOTT LABORATORIES
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. B BRAUN MELSUNGEN AG
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. BAXTER INTERNATIONAL INCORPORATED
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. BECTON, DICKINSON AND COMPANY
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. GENERAL ELECTRIC COMPANY
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. HILL-ROM HOLDINGS INCORPORATED
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. JOHNSON AND JOHNSON
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. MEDTRONIC PLC
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. SMITH AND NEPHEW PLC
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. INVACARE CORPORATION
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. Abbott Laboratories
2. B Braun Melsungen Ag
3. Baxter International Incorporated
4. Becton, Dickinson and Company
5. General Electric Company
6. Hill-Rom Holdings Incorporated
7. Johnson & Johnson
8. Medtronic plc
9. Smith and Nephew plc
10. Invacare Corporation
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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