Hospital Air Purifiers Market Dynamics and Analysis by 2031
The Hospital Air Purifiers Market is expected to register a CAGR of 8.5% 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 Technology (Photo Plasma, Ultraviolet Germicidal Irradiation, Thermodynamic Sterilization (TSS), Polarized-Media Electronic, Activated Carbon, Ionizer Purifiers, Photocatalytic Oxidation (PCO), Titanium Dioxide, Ozone Generators, Others). The report further presents analysis based on the Type (Dust Collectors, Fume and Smoke Collectors, Others). 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 Hospital Air Purifiers 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.
Hospital Air Purifiers Market Segmentation
Technology- Photo Plasma
- Ultraviolet Germicidal Irradiation
- Thermodynamic Sterilization
- Dust Collectors
- Fume and Smoke Collectors
- Others
Strategic Insights
Hospital Air Purifiers Market Growth Drivers- Increased Infection Control Measures: Hospitals are focusing on infection control to reduce the spread of airborne pathogens. Air purifiers with HEPA filters and UV-C technology are becoming the essential tools in this regard. Improved air quality protects patients and staff while complying with regulatory standards, leading hospitals to invest in advanced air purification solutions.
- Rising Awareness of Air Quality: The importance of air quality inside healthcare facilities recently led the need for more and more hospitals to purchase air purifiers. Patient awareness towards airborne pollutants and their threats, and that of the staff members, drives up the demand for proper air purification systems, which induces investment in hospitals towards such technologies that will better a healthier environment.
- Technological Innovations: The rapid growth in air purification technology results in fast-paced developments that significantly support the air purification market. High-tech devices such as real-time monitoring, IoT integration, automated smart air purifiers result in better efficiency and are effective. The quality improvements provided by these latest cutting-edge solutions make hospitals an excellent option for healthcare service providers seeking to ensure safer living environments for their patients.
- Incorporation of Smartness: Smart technology has gained wide acceptance in a hospital air purifier. Those devices equipped with IoT technology allow actual time monitoring and control of the quality of the air. This is the point where hospitals can undertake effective action concerning air quality problems, provide the best conditions for the care of patients, and ensure personnel safety. Such technologies have become indispensable for modern healthcare settings.
- Emphasis on Sustainability: Sustainability is increasingly determining hospital air purifiers market buying decisions. The hospitals look to have environment-friendly solutions which not only purify air but also conserve energy, and manufacturers respond with more energy-efficient models and the use of sustainable materials-a step that can also appeal to the global goal for sustainability and make it appealing for the environmentally concerned health-care providers.
- Customization and Scalability: Customization and flexibility are now the most upcoming trends in air purification solutions for hospital applications. Facilities seek scalable systems that can be used according to the needs and room sizes, along with varying requirements for air quality. Manufacturers are designing modular solutions that can easily scale down or up to adapt the needs of the hospital with changing needs.
- Emerging markets expansion: Hospital air purifiers in the emerging markets have high growth potential. Improving the healthcare infrastructure in these areas increases the demand for higher-end air quality solutions perpetually. In developing nations, hospitals are looking after infection control and patient safety and, therefore, make this market ideal for manufacturers to introduce cost-effective and efficient air purification technologies.
- Development of Specialized Products: There is a huge opportunity for the development of specialized air purifiers and air cleaners designed for specific environments in healthcare, such as operating rooms and isolation units, and then outpatient clinics. Solutions targeted at the unique challenges each area presents can improve patient care and infection control. This has, therefore, created an opportunity for manufacturer differentiation and niche market access.
- Partnerships and Collaborations: Strategic collaboration with healthcare organizations could bring rich opportunities in the hospital air purifiers market. Collaboration could lead to researching and developing new products together, thus leading to innovative products that meet a large number of requirements for hospitals. Partnerships can enhance distribution networks so that the manufacturers reach more people, and advanced air purification technologies become accessible to different health care establishments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hospital Air Purifiers 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 Hospital Air Purifiers 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
North America dominated the hospital air purifiers systems market in 2023
The market drivers include increased infection control measures and growing awareness of the importance of indoor air quality in healthcare settings are driving the hospital air purifiers systems market
Integrating smart technology in hospital air purifiers, such as smartwatches and fitness trackers likely to remain the key trend during the forecast period
The hospital air purifiers systems market majorly consists of players such Koninklijke Philips N.V, Air Quality Engineering, Inc., Honeywell. among others
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period
The hospital air purifiers systems market is estimated to grow with a CAGR of 8.5% 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 Hospital Air Purifiers Market - By Technology
1.3.2 Hospital Air Purifiers Market - By Type
1.3.3 Hospital Air Purifiers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOSPITAL AIR PURIFIERS 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. HOSPITAL AIR PURIFIERS 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. HOSPITAL AIR PURIFIERS MARKET - GLOBAL MARKET ANALYSIS
6.1. HOSPITAL AIR PURIFIERS - GLOBAL MARKET OVERVIEW
6.2. HOSPITAL AIR PURIFIERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOSPITAL AIR PURIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. PHOTO PLASMA
7.3.1. Overview
7.3.2. Photo Plasma Market Forecast and Analysis
7.4. ULTRAVIOLET GERMICIDAL IRRADIATION
7.4.1. Overview
7.4.2. Ultraviolet Germicidal Irradiation Market Forecast and Analysis
7.5. THERMODYNAMIC STERILIZATION (TSS)
7.5.1. Overview
7.5.2. Thermodynamic Sterilization (TSS) Market Forecast and Analysis
7.6. POLARIZED-MEDIA ELECTRONIC
7.6.1. Overview
7.6.2. Polarized-Media Electronic Market Forecast and Analysis
7.7. ACTIVATED CARBON
7.7.1. Overview
7.7.2. Activated Carbon Market Forecast and Analysis
7.8. IONIZER PURIFIERS
7.8.1. Overview
7.8.2. Ionizer Purifiers Market Forecast and Analysis
7.9. PHOTOCATALYTIC OXIDATION (PCO)
7.9.1. Overview
7.9.2. Photocatalytic Oxidation (PCO) Market Forecast and Analysis
7.10. TITANIUM DIOXIDE
7.10.1. Overview
7.10.2. Titanium Dioxide Market Forecast and Analysis
7.11. OZONE GENERATORS
7.11.1. Overview
7.11.2. Ozone Generators Market Forecast and Analysis
7.12. OTHERS
7.12.1. Overview
7.12.2. Others Market Forecast and Analysis
8. HOSPITAL AIR PURIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. DUST COLLECTORS
8.3.1. Overview
8.3.2. Dust Collectors Market Forecast and Analysis
8.4. FUME AND SMOKE COLLECTORS
8.4.1. Overview
8.4.2. Fume and Smoke Collectors Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. HOSPITAL AIR PURIFIERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hospital Air Purifiers Market Overview
9.1.2 North America Hospital Air Purifiers Market Forecasts and Analysis
9.1.3 North America Hospital Air Purifiers Market Forecasts and Analysis - By Technology
9.1.4 North America Hospital Air Purifiers Market Forecasts and Analysis - By Type
9.1.5 North America Hospital Air Purifiers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hospital Air Purifiers Market
9.1.5.1.1 United States Hospital Air Purifiers Market by Technology
9.1.5.1.2 United States Hospital Air Purifiers Market by Type
9.1.5.2 Canada Hospital Air Purifiers Market
9.1.5.2.1 Canada Hospital Air Purifiers Market by Technology
9.1.5.2.2 Canada Hospital Air Purifiers Market by Type
9.1.5.3 Mexico Hospital Air Purifiers Market
9.1.5.3.1 Mexico Hospital Air Purifiers Market by Technology
9.1.5.3.2 Mexico Hospital Air Purifiers Market by Type
9.2. EUROPE
9.2.1 Europe Hospital Air Purifiers Market Overview
9.2.2 Europe Hospital Air Purifiers Market Forecasts and Analysis
9.2.3 Europe Hospital Air Purifiers Market Forecasts and Analysis - By Technology
9.2.4 Europe Hospital Air Purifiers Market Forecasts and Analysis - By Type
9.2.5 Europe Hospital Air Purifiers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hospital Air Purifiers Market
9.2.5.1.1 Germany Hospital Air Purifiers Market by Technology
9.2.5.1.2 Germany Hospital Air Purifiers Market by Type
9.2.5.2 France Hospital Air Purifiers Market
9.2.5.2.1 France Hospital Air Purifiers Market by Technology
9.2.5.2.2 France Hospital Air Purifiers Market by Type
9.2.5.3 Italy Hospital Air Purifiers Market
9.2.5.3.1 Italy Hospital Air Purifiers Market by Technology
9.2.5.3.2 Italy Hospital Air Purifiers Market by Type
9.2.5.4 Spain Hospital Air Purifiers Market
9.2.5.4.1 Spain Hospital Air Purifiers Market by Technology
9.2.5.4.2 Spain Hospital Air Purifiers Market by Type
9.2.5.5 United Kingdom Hospital Air Purifiers Market
9.2.5.5.1 United Kingdom Hospital Air Purifiers Market by Technology
9.2.5.5.2 United Kingdom Hospital Air Purifiers Market by Type
9.2.5.6 Rest of Europe Hospital Air Purifiers Market
9.2.5.6.1 Rest of Europe Hospital Air Purifiers Market by Technology
9.2.5.6.2 Rest of Europe Hospital Air Purifiers Market by Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hospital Air Purifiers Market Overview
9.3.2 Asia-Pacific Hospital Air Purifiers Market Forecasts and Analysis
9.3.3 Asia-Pacific Hospital Air Purifiers Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Hospital Air Purifiers Market Forecasts and Analysis - By Type
9.3.5 Asia-Pacific Hospital Air Purifiers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hospital Air Purifiers Market
9.3.5.1.1 Australia Hospital Air Purifiers Market by Technology
9.3.5.1.2 Australia Hospital Air Purifiers Market by Type
9.3.5.2 China Hospital Air Purifiers Market
9.3.5.2.1 China Hospital Air Purifiers Market by Technology
9.3.5.2.2 China Hospital Air Purifiers Market by Type
9.3.5.3 India Hospital Air Purifiers Market
9.3.5.3.1 India Hospital Air Purifiers Market by Technology
9.3.5.3.2 India Hospital Air Purifiers Market by Type
9.3.5.4 Japan Hospital Air Purifiers Market
9.3.5.4.1 Japan Hospital Air Purifiers Market by Technology
9.3.5.4.2 Japan Hospital Air Purifiers Market by Type
9.3.5.5 South Korea Hospital Air Purifiers Market
9.3.5.5.1 South Korea Hospital Air Purifiers Market by Technology
9.3.5.5.2 South Korea Hospital Air Purifiers Market by Type
9.3.5.6 Rest of Asia-Pacific Hospital Air Purifiers Market
9.3.5.6.1 Rest of Asia-Pacific Hospital Air Purifiers Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Hospital Air Purifiers Market by Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hospital Air Purifiers Market Overview
9.4.2 Middle East and Africa Hospital Air Purifiers Market Forecasts and Analysis
9.4.3 Middle East and Africa Hospital Air Purifiers Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Hospital Air Purifiers Market Forecasts and Analysis - By Type
9.4.5 Middle East and Africa Hospital Air Purifiers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hospital Air Purifiers Market
9.4.5.1.1 South Africa Hospital Air Purifiers Market by Technology
9.4.5.1.2 South Africa Hospital Air Purifiers Market by Type
9.4.5.2 Saudi Arabia Hospital Air Purifiers Market
9.4.5.2.1 Saudi Arabia Hospital Air Purifiers Market by Technology
9.4.5.2.2 Saudi Arabia Hospital Air Purifiers Market by Type
9.4.5.3 U.A.E Hospital Air Purifiers Market
9.4.5.3.1 U.A.E Hospital Air Purifiers Market by Technology
9.4.5.3.2 U.A.E Hospital Air Purifiers Market by Type
9.4.5.4 Rest of Middle East and Africa Hospital Air Purifiers Market
9.4.5.4.1 Rest of Middle East and Africa Hospital Air Purifiers Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Hospital Air Purifiers Market by Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hospital Air Purifiers Market Overview
9.5.2 South and Central America Hospital Air Purifiers Market Forecasts and Analysis
9.5.3 South and Central America Hospital Air Purifiers Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Hospital Air Purifiers Market Forecasts and Analysis - By Type
9.5.5 South and Central America Hospital Air Purifiers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hospital Air Purifiers Market
9.5.5.1.1 Brazil Hospital Air Purifiers Market by Technology
9.5.5.1.2 Brazil Hospital Air Purifiers Market by Type
9.5.5.2 Argentina Hospital Air Purifiers Market
9.5.5.2.1 Argentina Hospital Air Purifiers Market by Technology
9.5.5.2.2 Argentina Hospital Air Purifiers Market by Type
9.5.5.3 Rest of South and Central America Hospital Air Purifiers Market
9.5.5.3.1 Rest of South and Central America Hospital Air Purifiers Market by Technology
9.5.5.3.2 Rest of South and Central America Hospital Air Purifiers Market by Type
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HOSPITAL AIR PURIFIERS 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. HOSPITAL AIR PURIFIERS MARKET, KEY COMPANY PROFILES
12.1. AIR QUALITY ENGINEERING, INC.
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. HONEYWELL
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. IQAIR
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. PANASONIC CORPORATION
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. SHARP ELECTRONICS CORPORATION
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. RABBIT AIR
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. CAMFIL
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. AUSTIN AIR
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. KONINKLIJKE PHILIPS N.V.
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. WINIX
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. Air Quality Engineering, Inc.
2. Honeywell
3. IQAir
4. Panasonic Corporation
5. Sharp Electronics Corporation
6. Rabbit Air
7. Camfil
8. Austin Air
9. Koninklijke Philips N.V.
10. WINIX
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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