Hydrotherapy Chairs Market Size (2021-2031) and Growth
The Hydrotherapy Chairs Market is expected to register a CAGR of 5.5% 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 Product Type ( Hydrotherapy Chair with Casters, Hydrotherapy Chair without Casters ); End User ( Hospitals, Home-Use, 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 Hydrotherapy Chairs 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.
Hydrotherapy Chairs Market Segmentation
Product Type- Hydrotherapy Chair with Casters
- Hydrotherapy Chair without Casters
- Hospitals
- Home-Use
- Others
Strategic Insights
Hydrotherapy Chairs Market Growth Drivers- Increasing Awareness of Health Benefits: Hydrotherapy chairs come with a greater awareness about its health benefits. People are becoming increasingly aware of the various health effects hydrotherapy, including pain relief, improved circulation, and the unstaining of one's muscles. The need for hydrotherapy chairs has increased mainly because of its use as a replacement remedy for chronic suffering, as well as its management plan for stress.
- A graying population and mobility disorders - growing threat: Changes in the age profile of the population, which is becoming increasingly geriatric, contribute considerably to the rise in mobility disorders and chronic diseases. Hydrotherapy chairs constitute a convenient and effective means for older patients to achieve pain relief from such serious conditions as the result of therapeutic necessities while enhancing locomotion without too much extensive physical exertion. This demographic trend increases the need for hydrotherapy chairs as care-givers and healthcare providers ensure that the older adult population lives a good quality of life.
- Design and Technological Improvement: The increased design and technology advancement of hydrotherapy chairs have a big impact on increasing the size of the market. Manufacturers upgraded their features, which include customizable settings, state-of-the-art massage techniques, and user-friendly interfaces. This new development is not only serving to enhance the experience of the user but is also encouraging those interested in modern, efficient hydrotherapy solutions. As technology advances further, the attraction and accessibility of the product increase, which in turn boosts demand in the market.
- Smart Technology Integration: This is another type that describes hydrotherapy chairs; they are technologically sophisticated. Almost all manufacturers incorporate capacity such as connectivity to the mobile application, massage setting, real-time health monitoring and more. Such capabilities make a treatment session more user-friendly because it enables personalization of hydrotherapy based on every person's requirement and hence highly wearable by tech-savvy who demand customized wellness solutions.
- Rising Popularity in Rehabilitation Camps: Hydrotherapy chairs are becoming enormously popular in rehabilitation and physical therapy camps. Since health service providers have increasingly realized therapeutic benefits of hydrotherapy towards recovery and pain management, the chairs have become a part of their essential equipment at clinics and wellness centers. This trend reflects this wider move toward holistic and noninvasive treatments so that patients with surgery or chronic medical conditions could be handled effectively.
- Eco-Friendly Material and Sustainability: The market for hydrotherapy chairs is an environment aspect of sustainability where the manufacturers have opted increasingly to adopt eco-friendly materials for their products. This trend towards being more friendly towards the environment is driven partly by consumer demand for environmental responsibility and steadily rising and enhanced knowledge concerning issues of sustainability. Utilizing recyclable material, among other materials, for manufacture means following consumer preferences while concurrently reducing further leave from the environment.
- Expansion into the Home Wellness Markets: This market also presents high-growth opportunities because hydrotherapy chairs expand home wellness markets. Most consumers strive to rise the welfare and health for life, which results in a high rise in demand for the therapeutic alternative at home. Hydrotherapy chairs can fit this niche in meeting the need for at-home relaxation and recovery, which otherwise seem more hectic to attain.
- Partnership with Healthcare Providers: Another opportunity occurs with partnership agreements with healthcare providers and rehabilitation centers. Manufacturers may be seen as working on behalf of hospitals, physical therapy clinics, and wellness centers to help propel the therapeutic benefits of hydrotherapy chairs for patient recovery and pain management. This would enhance more visibility and credibility of the product because, at the end of the day, it is the healthcare professionals that will drive its adoption by appreciating the worth of hydrotherapy in their treatment protocols.
- Current Trends: Trends of Customization and Personalization: With an increase in the desire for customized products amongst consumers, it opens the door for hydrotherapy chair manufacturers to offer wide-ranging options for customization. In-depth setting in the areas of temperature, pressure, and massages can unlock the way towards greater satisfaction and engagement through customized opportunities. It is a wave of personalization with individualized needs but diversifies products and appeals to an even larger customer base in competitive markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hydrotherapy Chairs 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 Hydrotherapy Chairs 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
The Hydrotherapy Chair with Casters segment accounts for highest revenue in product type the Hydrotherapy Chairs Market in 2023
Cook Medical, BrosMed Medical Co., Ltd., Merit Medical Systems, Biometrics, Asahi Intecc accounting for higesh market shares and are some of the major players operating in the market
Asia Pacific region dominated the Hydrotherapy Chairs Market in 2023
North America region dominated the Hydrotherapy Chairs Market in 2023
The Hydrotherapy Chairs Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major driving factors of Hydrotherapy Chairs Market?are:
1. Increasing Awareness of Health Benefits
2. A graying population and mobility disorders - growing threat
3. Design and Technological Improvement
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hydrotherapy Chairs Market - By Product Type
1.3.2 Hydrotherapy Chairs Market - By End User
1.3.3 Hydrotherapy Chairs Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HYDROTHERAPY CHAIRS 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. HYDROTHERAPY CHAIRS 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. HYDROTHERAPY CHAIRS MARKET - GLOBAL MARKET ANALYSIS
6.1. HYDROTHERAPY CHAIRS - GLOBAL MARKET OVERVIEW
6.2. HYDROTHERAPY CHAIRS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HYDROTHERAPY CHAIRS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROTHERAPY CHAIR WITH CASTERS
7.3.1. Overview
7.3.2. Hydrotherapy Chair with Casters Market Forecast and Analysis
7.4. HYDROTHERAPY CHAIR WITHOUT CASTERS
7.4.1. Overview
7.4.2. Hydrotherapy Chair without Casters Market Forecast and Analysis
8. HYDROTHERAPY CHAIRS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. HOME-USE
8.4.1. Overview
8.4.2. Home-Use Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. HYDROTHERAPY CHAIRS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hydrotherapy Chairs Market Overview
9.1.2 North America Hydrotherapy Chairs Market Forecasts and Analysis
9.1.3 North America Hydrotherapy Chairs Market Forecasts and Analysis - By Product Type
9.1.4 North America Hydrotherapy Chairs Market Forecasts and Analysis - By End User
9.1.5 North America Hydrotherapy Chairs Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hydrotherapy Chairs Market
9.1.5.1.1 United States Hydrotherapy Chairs Market by Product Type
9.1.5.1.2 United States Hydrotherapy Chairs Market by End User
9.1.5.2 Canada Hydrotherapy Chairs Market
9.1.5.2.1 Canada Hydrotherapy Chairs Market by Product Type
9.1.5.2.2 Canada Hydrotherapy Chairs Market by End User
9.1.5.3 Mexico Hydrotherapy Chairs Market
9.1.5.3.1 Mexico Hydrotherapy Chairs Market by Product Type
9.1.5.3.2 Mexico Hydrotherapy Chairs Market by End User
9.2. EUROPE
9.2.1 Europe Hydrotherapy Chairs Market Overview
9.2.2 Europe Hydrotherapy Chairs Market Forecasts and Analysis
9.2.3 Europe Hydrotherapy Chairs Market Forecasts and Analysis - By Product Type
9.2.4 Europe Hydrotherapy Chairs Market Forecasts and Analysis - By End User
9.2.5 Europe Hydrotherapy Chairs Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hydrotherapy Chairs Market
9.2.5.1.1 Germany Hydrotherapy Chairs Market by Product Type
9.2.5.1.2 Germany Hydrotherapy Chairs Market by End User
9.2.5.2 France Hydrotherapy Chairs Market
9.2.5.2.1 France Hydrotherapy Chairs Market by Product Type
9.2.5.2.2 France Hydrotherapy Chairs Market by End User
9.2.5.3 Italy Hydrotherapy Chairs Market
9.2.5.3.1 Italy Hydrotherapy Chairs Market by Product Type
9.2.5.3.2 Italy Hydrotherapy Chairs Market by End User
9.2.5.4 Spain Hydrotherapy Chairs Market
9.2.5.4.1 Spain Hydrotherapy Chairs Market by Product Type
9.2.5.4.2 Spain Hydrotherapy Chairs Market by End User
9.2.5.5 United Kingdom Hydrotherapy Chairs Market
9.2.5.5.1 United Kingdom Hydrotherapy Chairs Market by Product Type
9.2.5.5.2 United Kingdom Hydrotherapy Chairs Market by End User
9.2.5.6 Rest of Europe Hydrotherapy Chairs Market
9.2.5.6.1 Rest of Europe Hydrotherapy Chairs Market by Product Type
9.2.5.6.2 Rest of Europe Hydrotherapy Chairs Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hydrotherapy Chairs Market Overview
9.3.2 Asia-Pacific Hydrotherapy Chairs Market Forecasts and Analysis
9.3.3 Asia-Pacific Hydrotherapy Chairs Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Hydrotherapy Chairs Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Hydrotherapy Chairs Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hydrotherapy Chairs Market
9.3.5.1.1 Australia Hydrotherapy Chairs Market by Product Type
9.3.5.1.2 Australia Hydrotherapy Chairs Market by End User
9.3.5.2 China Hydrotherapy Chairs Market
9.3.5.2.1 China Hydrotherapy Chairs Market by Product Type
9.3.5.2.2 China Hydrotherapy Chairs Market by End User
9.3.5.3 India Hydrotherapy Chairs Market
9.3.5.3.1 India Hydrotherapy Chairs Market by Product Type
9.3.5.3.2 India Hydrotherapy Chairs Market by End User
9.3.5.4 Japan Hydrotherapy Chairs Market
9.3.5.4.1 Japan Hydrotherapy Chairs Market by Product Type
9.3.5.4.2 Japan Hydrotherapy Chairs Market by End User
9.3.5.5 South Korea Hydrotherapy Chairs Market
9.3.5.5.1 South Korea Hydrotherapy Chairs Market by Product Type
9.3.5.5.2 South Korea Hydrotherapy Chairs Market by End User
9.3.5.6 Rest of Asia-Pacific Hydrotherapy Chairs Market
9.3.5.6.1 Rest of Asia-Pacific Hydrotherapy Chairs Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Hydrotherapy Chairs Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hydrotherapy Chairs Market Overview
9.4.2 Middle East and Africa Hydrotherapy Chairs Market Forecasts and Analysis
9.4.3 Middle East and Africa Hydrotherapy Chairs Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Hydrotherapy Chairs Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Hydrotherapy Chairs Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hydrotherapy Chairs Market
9.4.5.1.1 South Africa Hydrotherapy Chairs Market by Product Type
9.4.5.1.2 South Africa Hydrotherapy Chairs Market by End User
9.4.5.2 Saudi Arabia Hydrotherapy Chairs Market
9.4.5.2.1 Saudi Arabia Hydrotherapy Chairs Market by Product Type
9.4.5.2.2 Saudi Arabia Hydrotherapy Chairs Market by End User
9.4.5.3 U.A.E Hydrotherapy Chairs Market
9.4.5.3.1 U.A.E Hydrotherapy Chairs Market by Product Type
9.4.5.3.2 U.A.E Hydrotherapy Chairs Market by End User
9.4.5.4 Rest of Middle East and Africa Hydrotherapy Chairs Market
9.4.5.4.1 Rest of Middle East and Africa Hydrotherapy Chairs Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Hydrotherapy Chairs Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hydrotherapy Chairs Market Overview
9.5.2 South and Central America Hydrotherapy Chairs Market Forecasts and Analysis
9.5.3 South and Central America Hydrotherapy Chairs Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Hydrotherapy Chairs Market Forecasts and Analysis - By End User
9.5.5 South and Central America Hydrotherapy Chairs Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hydrotherapy Chairs Market
9.5.5.1.1 Brazil Hydrotherapy Chairs Market by Product Type
9.5.5.1.2 Brazil Hydrotherapy Chairs Market by End User
9.5.5.2 Argentina Hydrotherapy Chairs Market
9.5.5.2.1 Argentina Hydrotherapy Chairs Market by Product Type
9.5.5.2.2 Argentina Hydrotherapy Chairs Market by End User
9.5.5.3 Rest of South and Central America Hydrotherapy Chairs Market
9.5.5.3.1 Rest of South and Central America Hydrotherapy Chairs Market by Product Type
9.5.5.3.2 Rest of South and Central America Hydrotherapy Chairs Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HYDROTHERAPY CHAIRS 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. HYDROTHERAPY CHAIRS MARKET, KEY COMPANY PROFILES
12.1. BAILEY MANUFACTURING COMPANY
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. PROMED PRODUCTS
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. HYDRO PHYSIO
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. FABRICATION ENTERPRISES
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. EWAC MEDICAL
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. WHITEHALL MANUFACTURING
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. ACCORD MEDICAL PRODUCTS
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. HYDROWORX
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. INDIA MEDICO INSTRUMENTS
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. UNIVERSAL COMPANIES
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. Cook Medical
2. BrosMed Medical Co., Ltd.
3. Merit Medical Systems
4. Biometrics
5. Asahi Intecc
6. Seawon Meditech
7. Shanghai Kindly Medical Instruments
8. Baylis Medical Company, Inc.
9. Integer Holdings Corporation
10. iVascular S.L.U.
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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