Hospice Market | 2031 Insights | Recent updates
The Hospice Market is expected to register a CAGR of 9.5% 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 Service Type (Nursing Services, Medical Supply Services, Counselling Services, Short Term Inpatient Services, Physician Services, Physical Therapy, Speech Therapy, and Spiritual Therapy), Type of Care (Acute Care and Respite Care), End Use Facility (Home Settings, Hospitals, Specialty Nursing Homes, and Hospice Care Centers)
Purpose of the ReportThe report Hospice 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.
Hospice Market Segmentation
Service Type- Nursing Services
- Medical Supply Services
- Counselling Services
- Short Term Inpatient Services
- Physician Services
- Physical Therapy
- Speech Therapy
- Spiritual Therapy
- Acute Care and Respite Care
- Home Settings
- Hospitals
- Specialty Nursing Homes
- Hospice Care 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
Hospice Market Growth Drivers- Aging Population: The increased aging population drives the hospice market. The more and more people live longer, the more such individuals are afflicted with chronic illnesses or terminal conditions, and thus, demand hospice care. The preference of increasingly sensitive end-of-life options, ensuring maximum comfort and quality of life, contribute to the expansion of hospice services in order to satisfy those needs.
- Shift Toward Patient-Centered Care: There is an emerging trend toward patient-centricity in the hospice market. Patients and their families increasingly want a comfort and emotionally supportive approach rather than an aggressive treatment method. This shifts demand for hospice services toward the provision of comprehensive care plans that include pain management and psychological support, each concerning dignity and quality of life in end-life care.
- Increased Awareness and Acceptance: The growth in the market is mainly as a result of increased awareness and acceptance of hospice care. Public education campaigns along with advocacy efforts have helped in improving public understanding of what hospice services are, why they are helpful to patients as well as their families, and untangling their myths so that fewer people mistake hospice care as worse than curative care.
- Rise of Telehealth Services: Another trend arising in hospice care relates to telehealth. Service providers are embracing virtual consultation mainly to provide patients and families with continued support and counseling. Telehealth increases accessibility to care services, particularly for patients far from facility locations, while also enabling hospice teams to closely monitor the condition of patients, permitting timely interventions under safety conditions
- Emphasis on Holistic Care: There is a growing trend in the hospice markets for holistic care that focuses more on the delivery of the needs of patients toward comprehensive physical, emotional, and spiritual well-being. It becomes very explicit that hospice providers are including complementary therapies, music and art therapy within the traditional modes of medical care. Hereby, it shows the importance of meeting various needs of patients and families toward enhanced quality in end-of-life experiences.
- Increased Collaboration with Community Organizations: The hospice market is increasingly collaborating with community organizations to extend the access to care and support services. By working with local charities, religious organizations, and healthcare providers, more existing resources are tapped into, and public recognition of hospice choices increases. This approach fosters a community orientation in ensuring that patients and their families receive comprehensive support according to their diverse needs during end-of-life care.
- Expansion of Palliative Care Programs: There is an avenue for growth for the hospice market primarily through the increase of palliative care service provision. With increasing knowledge on the merits of early palliative care, hospice providers can include these services to help patients earlier in their illness. It not only enhances the quality of life but also prepares for the acceptance of the hospice care, when the time comes
- Development of Educational Resources: As per the diagnosis that the hospice market has a potential for the creation of teaching aids directed to patients, their relatives and health professionals. They can develop more effective materials, which outline especially the advantages of hospice care, its stereotypes, and services rendered. Such materials will help to increase the need in hospice services, as well as help the families in taking the right steps concerning the end of life care.
- Utilization of Advanced Technology: The deployment of advanced technology creates a dynamic segment in the hospice space. For instance, incorporating electronic medical records, telemedicine frameworks, and patient monitoring devices will help in strengthening care delivery and communication among patients, families, and the healthcare team. That said, hospice companies would be able to optimize their processes, improve the patient’s experience, and attend to the patient’s needs faster and at a higher level throughout the terminal period.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hospice 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 Hospice 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.
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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
- 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.
Frequently Asked Questions
The hospice market is estimated to grow with a CAGR of 9.5% from 2023 to 2031.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
Emphasis on holistic care are likely to remain the key trend during the forecast period
The hospice market majorly consists of the players such as Amedisys, LHC Group, Inc,Curo Health Services among others.
The market drivers include aging population and shift toward patient-centered care are driving the hospice market
North America dominated the hospice 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 Hospice Market - By Service Type
1.3.2 Hospice Market - By Type of Care
1.3.3 Hospice Market - By End Use Facility
1.3.4 Hospice Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOSPICE 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. HOSPICE 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. HOSPICE MARKET - GLOBAL MARKET ANALYSIS
6.1. HOSPICE - GLOBAL MARKET OVERVIEW
6.2. HOSPICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. NURSING SERVICES
7.3.1. Overview
7.3.2. Nursing Services Market Forecast and Analysis
7.4. MEDICAL SUPPLY SERVICES
7.4.1. Overview
7.4.2. Medical Supply Services Market Forecast and Analysis
7.5. COUNSELLING SERVICES
7.5.1. Overview
7.5.2. Counselling Services Market Forecast and Analysis
7.6. SHORT TERM INPATIENT SERVICES
7.6.1. Overview
7.6.2. Short Term Inpatient Services Market Forecast and Analysis
7.7. PHYSICIAN SERVICES
7.7.1. Overview
7.7.2. Physician Services Market Forecast and Analysis
7.8. PHYSICAL THERAPY
7.8.1. Overview
7.8.2. Physical Therapy Market Forecast and Analysis
7.9. SPEECH THERAPY
7.9.1. Overview
7.9.2. Speech Therapy Market Forecast and Analysis
7.10. SPIRITUAL THERAPY
7.10.1. Overview
7.10.2. Spiritual Therapy Market Forecast and Analysis
8. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF CARE
8.1. OVERVIEW
8.2. TYPE OF CARE MARKET FORECASTS AND ANALYSIS
8.3. ACUTE CARE
8.3.1. Overview
8.3.2. Acute Care Market Forecast and Analysis
8.4. RESPITE CARE
8.4.1. Overview
8.4.2. Respite Care Market Forecast and Analysis
9. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - END USE FACILITY
9.1. OVERVIEW
9.2. END USE FACILITY MARKET FORECASTS AND ANALYSIS
9.3. HOME SETTINGS
9.3.1. Overview
9.3.2. Home Settings Market Forecast and Analysis
9.4. HOSPITALS
9.4.1. Overview
9.4.2. Hospitals Market Forecast and Analysis
9.5. SPECIALTY NURSING HOMES
9.5.1. Overview
9.5.2. Specialty Nursing Homes Market Forecast and Analysis
9.6. HOSPICE CARE CENTERS
9.6.1. Overview
9.6.2. Hospice Care Centers Market Forecast and Analysis
10. HOSPICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Hospice Market Overview
10.1.2 North America Hospice Market Forecasts and Analysis
10.1.3 North America Hospice Market Forecasts and Analysis - By Service Type
10.1.4 North America Hospice Market Forecasts and Analysis - By Type of Care
10.1.5 North America Hospice Market Forecasts and Analysis - By End Use Facility
10.1.6 North America Hospice Market Forecasts and Analysis - By Countries
10.1.6.1 United States Hospice Market
10.1.6.1.1 United States Hospice Market by Service Type
10.1.6.1.2 United States Hospice Market by Type of Care
10.1.6.1.3 United States Hospice Market by End Use Facility
10.1.6.2 Canada Hospice Market
10.1.6.2.1 Canada Hospice Market by Service Type
10.1.6.2.2 Canada Hospice Market by Type of Care
10.1.6.2.3 Canada Hospice Market by End Use Facility
10.1.6.3 Mexico Hospice Market
10.1.6.3.1 Mexico Hospice Market by Service Type
10.1.6.3.2 Mexico Hospice Market by Type of Care
10.1.6.3.3 Mexico Hospice Market by End Use Facility
10.2. EUROPE
10.2.1 Europe Hospice Market Overview
10.2.2 Europe Hospice Market Forecasts and Analysis
10.2.3 Europe Hospice Market Forecasts and Analysis - By Service Type
10.2.4 Europe Hospice Market Forecasts and Analysis - By Type of Care
10.2.5 Europe Hospice Market Forecasts and Analysis - By End Use Facility
10.2.6 Europe Hospice Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Hospice Market
10.2.6.1.1 Germany Hospice Market by Service Type
10.2.6.1.2 Germany Hospice Market by Type of Care
10.2.6.1.3 Germany Hospice Market by End Use Facility
10.2.6.2 France Hospice Market
10.2.6.2.1 France Hospice Market by Service Type
10.2.6.2.2 France Hospice Market by Type of Care
10.2.6.2.3 France Hospice Market by End Use Facility
10.2.6.3 Italy Hospice Market
10.2.6.3.1 Italy Hospice Market by Service Type
10.2.6.3.2 Italy Hospice Market by Type of Care
10.2.6.3.3 Italy Hospice Market by End Use Facility
10.2.6.4 Spain Hospice Market
10.2.6.4.1 Spain Hospice Market by Service Type
10.2.6.4.2 Spain Hospice Market by Type of Care
10.2.6.4.3 Spain Hospice Market by End Use Facility
10.2.6.5 United Kingdom Hospice Market
10.2.6.5.1 United Kingdom Hospice Market by Service Type
10.2.6.5.2 United Kingdom Hospice Market by Type of Care
10.2.6.5.3 United Kingdom Hospice Market by End Use Facility
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Hospice Market Overview
10.3.2 Asia-Pacific Hospice Market Forecasts and Analysis
10.3.3 Asia-Pacific Hospice Market Forecasts and Analysis - By Service Type
10.3.4 Asia-Pacific Hospice Market Forecasts and Analysis - By Type of Care
10.3.5 Asia-Pacific Hospice Market Forecasts and Analysis - By End Use Facility
10.3.6 Asia-Pacific Hospice Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Hospice Market
10.3.6.1.1 Australia Hospice Market by Service Type
10.3.6.1.2 Australia Hospice Market by Type of Care
10.3.6.1.3 Australia Hospice Market by End Use Facility
10.3.6.2 China Hospice Market
10.3.6.2.1 China Hospice Market by Service Type
10.3.6.2.2 China Hospice Market by Type of Care
10.3.6.2.3 China Hospice Market by End Use Facility
10.3.6.3 India Hospice Market
10.3.6.3.1 India Hospice Market by Service Type
10.3.6.3.2 India Hospice Market by Type of Care
10.3.6.3.3 India Hospice Market by End Use Facility
10.3.6.4 Japan Hospice Market
10.3.6.4.1 Japan Hospice Market by Service Type
10.3.6.4.2 Japan Hospice Market by Type of Care
10.3.6.4.3 Japan Hospice Market by End Use Facility
10.3.6.5 South Korea Hospice Market
10.3.6.5.1 South Korea Hospice Market by Service Type
10.3.6.5.2 South Korea Hospice Market by Type of Care
10.3.6.5.3 South Korea Hospice Market by End Use Facility
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Hospice Market Overview
10.4.2 Middle East and Africa Hospice Market Forecasts and Analysis
10.4.3 Middle East and Africa Hospice Market Forecasts and Analysis - By Service Type
10.4.4 Middle East and Africa Hospice Market Forecasts and Analysis - By Type of Care
10.4.5 Middle East and Africa Hospice Market Forecasts and Analysis - By End Use Facility
10.4.6 Middle East and Africa Hospice Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Hospice Market
10.4.6.1.1 South Africa Hospice Market by Service Type
10.4.6.1.2 South Africa Hospice Market by Type of Care
10.4.6.1.3 South Africa Hospice Market by End Use Facility
10.4.6.2 Saudi Arabia Hospice Market
10.4.6.2.1 Saudi Arabia Hospice Market by Service Type
10.4.6.2.2 Saudi Arabia Hospice Market by Type of Care
10.4.6.2.3 Saudi Arabia Hospice Market by End Use Facility
10.4.6.3 U.A.E Hospice Market
10.4.6.3.1 U.A.E Hospice Market by Service Type
10.4.6.3.2 U.A.E Hospice Market by Type of Care
10.4.6.3.3 U.A.E Hospice Market by End Use Facility
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Hospice Market Overview
10.5.2 South and Central America Hospice Market Forecasts and Analysis
10.5.3 South and Central America Hospice Market Forecasts and Analysis - By Service Type
10.5.4 South and Central America Hospice Market Forecasts and Analysis - By Type of Care
10.5.5 South and Central America Hospice Market Forecasts and Analysis - By End Use Facility
10.5.6 South and Central America Hospice Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Hospice Market
10.5.6.1.1 Brazil Hospice Market by Service Type
10.5.6.1.2 Brazil Hospice Market by Type of Care
10.5.6.1.3 Brazil Hospice Market by End Use Facility
10.5.6.2 Argentina Hospice Market
10.5.6.2.1 Argentina Hospice Market by Service Type
10.5.6.2.2 Argentina Hospice Market by Type of Care
10.5.6.2.3 Argentina Hospice Market by End Use Facility
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. HOSPICE MARKET, KEY COMPANY PROFILES
12.1. AMEDISYS
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. LHC GROUP, INC.
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. CURO HEALTH SERVICES
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. ADVENTHEALTH HOSPICE CARE CENTRAL FLORIDA
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. HCR MANORCARE
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. SEASONS HOSPICE AND PALLIATIVE CARE
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. ASERACARE HOSPICE
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. CROSSROADS HOSPICE
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. ACCENTCARE
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. ACCORD PALLIATIVE AND HOSPICE CARE, INC.
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. Amedisys
2. LHC Group, Inc.
3. Curo Health Services
4. AdventHealth Hospice Care Central Florida
5. HCR ManorCare
6. Seasons Hospice and Palliative Care
7. AseraCare Hospice
8. Crossroads Hospice
9. AccentCare
10. Accord Palliative and Hospice Care, 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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