Implantable Neurostimulator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Neurostimulation provides pain relief by disrupting the pain signals traveling between the spinal cord and the brain. Simply, it outsmarts your pain. To minimize the sensation of pain neurostimulators are implanted in the body. An implantable neurostimulator is a surgically placed device about the size of a stopwatch that delivers mild to moderate electrical signals to the epidural space near your spine through one or more thin wires, called leads and stimulates the brain to minimize the pain sensations. Neurostimulators are used to relieve symptoms of neurological disorders, including pain, Parkinson's disease, epilepsy, tremor, dystonia, tinnitus, stroke, incontinence, gastroparesis, and obesity.
MARKET SCOPE
The "Global Implantable Neurostimulator Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Implantable Neurostimulator market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading Implantable Neurostimulator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, deep brain stimulators, spinal cord stimulators, vagus nerve stimulators, sacral nerve stimulators, and gastric electric stimulators.
- Based on the application the market is segmented as, pain management, parkinson's disease, urinary and fecal incontinence, epilepsy, gastroparesis, and others.
MARKET DYNAMICS
Drivers:
- Rising applications of Implantable Neurostimulators in chronic and severe disorders such as neurological disorders, including pain, Parkinson's disease, epilepsy, tremor, dystonia, tinnitus, stroke, incontinence, gastroparesis, and obesity.
- High cost and side effects of parenteral pain relief medications.
- Extensive R&D efforts by medical technology and medical device companies to develop advanced devices are expected to fuel market growth.
Restraints:
- The complication in neurostimulators operations.
- Whereas, the high cost of implantable neurostimulators is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Implantable Neurostimulator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Implantable Neurostimulator market in these regions.
IMPACT OF COVID-19 ON IMPLANTABLE NEUROSTIMULATOR MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Implantable Neurostimulator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Implantable Neurostimulator market in these regions.
IMPACT OF COVID-19 ON IMPLANTABLE NEUROSTIMULATOR MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Implantable Neurostimulator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the Implantable Neurostimulator market are anticipated to lucrative growth opportunities in the future with the rising demand for Implantable Neurostimulator in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Implantable Neurostimulator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABBOTT (ST. JUDE MEDICAL)
- MEDTRONIC.
- BOSTON SCIENTIFIC CORPORATION.
- ALEVA NEUROTHERAPEUTICS SA.
- SYNAPSE BIOMEDICAL INC.
- NEVRO CORP.
- LIVA NOVA PLC
- NEUROPACE, INC.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Implantable Neurostimulator Market - By Type
1.3.2 Implantable Neurostimulator Market - By Application
1.3.3 Implantable Neurostimulator Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IMPLANTABLE NEUROSTIMULATOR 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. IMPLANTABLE NEUROSTIMULATOR 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. IMPLANTABLE NEUROSTIMULATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. IMPLANTABLE NEUROSTIMULATOR - GLOBAL MARKET OVERVIEW
6.2. IMPLANTABLE NEUROSTIMULATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. IMPLANTABLE NEUROSTIMULATOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DEEP BRAIN STIMULATORS
7.3.1. Overview
7.3.2. Deep Brain Stimulators Market Forecast and Analysis
7.4. SPINAL CORD STIMULATORS
7.4.1. Overview
7.4.2. Spinal Cord Stimulators Market Forecast and Analysis
7.5. VAGUS NERVE STIMULATORS
7.5.1. Overview
7.5.2. Vagus Nerve Stimulators Market Forecast and Analysis
7.6. SACRAL NERVE STIMULATORS
7.6.1. Overview
7.6.2. Sacral Nerve Stimulators Market Forecast and Analysis
7.7. GASTRIC ELECTRIC STIMULATORS
7.7.1. Overview
7.7.2. Gastric Electric Stimulators Market Forecast and Analysis
8. IMPLANTABLE NEUROSTIMULATOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAIN MANAGEMENT
8.3.1. Overview
8.3.2. Pain Management Market Forecast and Analysis
8.4. PARKINSON'S DISEASE
8.4.1. Overview
8.4.2. Parkinson's Disease Market Forecast and Analysis
8.5. URINARY AND FECAL INCONTINENCE
8.5.1. Overview
8.5.2. Urinary and Fecal Incontinence Market Forecast and Analysis
8.6. EPILEPSY
8.6.1. Overview
8.6.2. Epilepsy Market Forecast and Analysis
8.7. GASTROPARESIS
8.7.1. Overview
8.7.2. Gastroparesis Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. IMPLANTABLE NEUROSTIMULATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Implantable Neurostimulator Market Overview
9.1.2 North America Implantable Neurostimulator Market Forecasts and Analysis
9.1.3 North America Implantable Neurostimulator Market Forecasts and Analysis - By Type
9.1.4 North America Implantable Neurostimulator Market Forecasts and Analysis - By Application
9.1.5 North America Implantable Neurostimulator Market Forecasts and Analysis - By Countries
9.1.5.1 United States Implantable Neurostimulator Market
9.1.5.1.1 United States Implantable Neurostimulator Market by Type
9.1.5.1.2 United States Implantable Neurostimulator Market by Application
9.1.5.2 Canada Implantable Neurostimulator Market
9.1.5.2.1 Canada Implantable Neurostimulator Market by Type
9.1.5.2.2 Canada Implantable Neurostimulator Market by Application
9.1.5.3 Mexico Implantable Neurostimulator Market
9.1.5.3.1 Mexico Implantable Neurostimulator Market by Type
9.1.5.3.2 Mexico Implantable Neurostimulator Market by Application
9.2. EUROPE
9.2.1 Europe Implantable Neurostimulator Market Overview
9.2.2 Europe Implantable Neurostimulator Market Forecasts and Analysis
9.2.3 Europe Implantable Neurostimulator Market Forecasts and Analysis - By Type
9.2.4 Europe Implantable Neurostimulator Market Forecasts and Analysis - By Application
9.2.5 Europe Implantable Neurostimulator Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Implantable Neurostimulator Market
9.2.5.1.1 Germany Implantable Neurostimulator Market by Type
9.2.5.1.2 Germany Implantable Neurostimulator Market by Application
9.2.5.2 France Implantable Neurostimulator Market
9.2.5.2.1 France Implantable Neurostimulator Market by Type
9.2.5.2.2 France Implantable Neurostimulator Market by Application
9.2.5.3 Italy Implantable Neurostimulator Market
9.2.5.3.1 Italy Implantable Neurostimulator Market by Type
9.2.5.3.2 Italy Implantable Neurostimulator Market by Application
9.2.5.4 Spain Implantable Neurostimulator Market
9.2.5.4.1 Spain Implantable Neurostimulator Market by Type
9.2.5.4.2 Spain Implantable Neurostimulator Market by Application
9.2.5.5 United Kingdom Implantable Neurostimulator Market
9.2.5.5.1 United Kingdom Implantable Neurostimulator Market by Type
9.2.5.5.2 United Kingdom Implantable Neurostimulator Market by Application
9.2.5.6 Rest of Europe Implantable Neurostimulator Market
9.2.5.6.1 Rest of Europe Implantable Neurostimulator Market by Type
9.2.5.6.2 Rest of Europe Implantable Neurostimulator Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Implantable Neurostimulator Market Overview
9.3.2 Asia-Pacific Implantable Neurostimulator Market Forecasts and Analysis
9.3.3 Asia-Pacific Implantable Neurostimulator Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Implantable Neurostimulator Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Implantable Neurostimulator Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Implantable Neurostimulator Market
9.3.5.1.1 Australia Implantable Neurostimulator Market by Type
9.3.5.1.2 Australia Implantable Neurostimulator Market by Application
9.3.5.2 China Implantable Neurostimulator Market
9.3.5.2.1 China Implantable Neurostimulator Market by Type
9.3.5.2.2 China Implantable Neurostimulator Market by Application
9.3.5.3 India Implantable Neurostimulator Market
9.3.5.3.1 India Implantable Neurostimulator Market by Type
9.3.5.3.2 India Implantable Neurostimulator Market by Application
9.3.5.4 Japan Implantable Neurostimulator Market
9.3.5.4.1 Japan Implantable Neurostimulator Market by Type
9.3.5.4.2 Japan Implantable Neurostimulator Market by Application
9.3.5.5 South Korea Implantable Neurostimulator Market
9.3.5.5.1 South Korea Implantable Neurostimulator Market by Type
9.3.5.5.2 South Korea Implantable Neurostimulator Market by Application
9.3.5.6 Rest of Asia-Pacific Implantable Neurostimulator Market
9.3.5.6.1 Rest of Asia-Pacific Implantable Neurostimulator Market by Type
9.3.5.6.2 Rest of Asia-Pacific Implantable Neurostimulator Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Implantable Neurostimulator Market Overview
9.4.2 Middle East and Africa Implantable Neurostimulator Market Forecasts and Analysis
9.4.3 Middle East and Africa Implantable Neurostimulator Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Implantable Neurostimulator Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Implantable Neurostimulator Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Implantable Neurostimulator Market
9.4.5.1.1 South Africa Implantable Neurostimulator Market by Type
9.4.5.1.2 South Africa Implantable Neurostimulator Market by Application
9.4.5.2 Saudi Arabia Implantable Neurostimulator Market
9.4.5.2.1 Saudi Arabia Implantable Neurostimulator Market by Type
9.4.5.2.2 Saudi Arabia Implantable Neurostimulator Market by Application
9.4.5.3 U.A.E Implantable Neurostimulator Market
9.4.5.3.1 U.A.E Implantable Neurostimulator Market by Type
9.4.5.3.2 U.A.E Implantable Neurostimulator Market by Application
9.4.5.4 Rest of Middle East and Africa Implantable Neurostimulator Market
9.4.5.4.1 Rest of Middle East and Africa Implantable Neurostimulator Market by Type
9.4.5.4.2 Rest of Middle East and Africa Implantable Neurostimulator Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Implantable Neurostimulator Market Overview
9.5.2 South and Central America Implantable Neurostimulator Market Forecasts and Analysis
9.5.3 South and Central America Implantable Neurostimulator Market Forecasts and Analysis - By Type
9.5.4 South and Central America Implantable Neurostimulator Market Forecasts and Analysis - By Application
9.5.5 South and Central America Implantable Neurostimulator Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Implantable Neurostimulator Market
9.5.5.1.1 Brazil Implantable Neurostimulator Market by Type
9.5.5.1.2 Brazil Implantable Neurostimulator Market by Application
9.5.5.2 Argentina Implantable Neurostimulator Market
9.5.5.2.1 Argentina Implantable Neurostimulator Market by Type
9.5.5.2.2 Argentina Implantable Neurostimulator Market by Application
9.5.5.3 Rest of South and Central America Implantable Neurostimulator Market
9.5.5.3.1 Rest of South and Central America Implantable Neurostimulator Market by Type
9.5.5.3.2 Rest of South and Central America Implantable Neurostimulator Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IMPLANTABLE NEUROSTIMULATOR MARKET, KEY COMPANY PROFILES
11.1. ABBOTT (ST. JUDE MEDICAL)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALEVA NEUROTHERAPEUTICS SA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SYNAPSE BIOMEDICAL INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NEVRO CORP.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LIVA NOVA PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEUROPACE, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Abbott (St. Jude Medical)
2.Medtronic
3.Boston Scientific Corporation
4.Aleva Neurotherapeutics SA
5.Synapse Biomedical Inc.
6.Nevro Corp.
7.Liva Nova PLC
8.NeuroPace, 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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