IV Equipment Market Report - (Growth and Size 2031)
The IV Equipment Market is expected to register a CAGR of 7.2% 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 (IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Stopcocks and Check Valves, Drip Chambers, Needleless Connectors, Other IV Equipment); End User (Hospitals and Clinics, Ambulatory Care Centers, Homecare Settings). 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 IV Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
IV Equipment Market Segmentation
Product- IV Catheters
- Administration Sets
- Infusion Pumps
- Securement Devices
- Stopcocks and Check Valves
- Drip Chambers
- Needleless Connectors
- Other IV Equipment
- Hospitals and Clinics
- Ambulatory Care Centers
- Homecare Settings
Strategic Insights
IV Equipment Market Growth Drivers- Technological Advancements: The most significant drivers for the IV equipment market are technological advancements. These include smart infusion pumps and portable IV delivery systems that provide accuracy and safety in patient care because of the reduction in medication errors. Such advancements not only make the treatment results better but also smooth out processes for hospitals' work, and that's quite an attractive solution for healthcare providers who look to have efficient and dependable choices with respect to IV therapy.
- Rising Chronic Diseases: The rising cases of chronic diseases, diabetes, cancer, and cardiovascular diseases are, after all, growth drivers in the market for IV equipment. Most such ailments require patients to be subjected to long-term intravenous treatment to administer medication and receive hydration, and healthcare systems increasingly invest more in sophisticated IV solutions. As such, with the growing demand to manage chronic diseases, there is going to be steady growth for the sector of IV equipment.
- Aging Population: One of the most significant drivers of the IV equipment market is the overall aging population in the world. Older age are more prone to diseases that must be treated intravenously and, consequently, increase demand for IV equipment. Healthcare providers are forming a needed medical specialty in specific care delivery models tailored to senior care, thereby increasing market growth and improving the delivery of care to older patients.
- Integration of Smart Technology: The fourth driver of IV equipment market integration is the smartness of the technology: it means IoT-enabled infusion pumps. It provides real-time monitoring data analytics, allowing healthcare professionals to observe patient responses and alter treatments in time. Patient safety has improved with reduced errors and armed clinicians to deliver more effective care services due to this trend.
- Home Healthcare Growth: There is a growing trend toward home healthcare, primarily because more and more patients are keen to receive treatment at home rather than in hospitals. Hence, there is an increasing demand for portable and user-friendly IV systems. Manufacturers are now targeting the development of compact units that the patient or caregiver can easily use, and this indeed makes the process of IV therapy more personalized and convenient.
- Focus on Infection Prevention: Much of the IV equipment market focuses on infection prevention, as there is rising awareness of healthcare-associated infections. This promotes more advanced infection prevention measures, and producers are developing materials and designs that also minimize the risk of contamination, such as antimicrobial coatings and closed-system IV connectors. Focus on infection prevention protects the patient but also supports regulations for higher standards in healthcare.
- Increased Hospitalization Rates: All of those cases that were treated outside the hospital earlier but today have to occupy hospital beds for surgeries as well as for a large number of diseases are increasingly becoming rates of hospitalizations. More patients require intravenous therapy to deliver medication and manage fluids during their stay in hospitals. Therefore, the increasing level of hospitalization is directly proportional to the growth of demand for IV equipment because numerous hospitals opting for advanced solutions. With this increase, more excellent hospitals may provide immediate care to patients during such scenarios.
- Regulatory Standards and Compliance: Strict standards from regulatory bodies compel the IV equipment market. The need for more safety and quality of care is pushing healthcare service providers to have better technologies in the provision of IV services. The requirement to live up to such higher standards in any way motivates the manufacturers to innovate- a safer, more efficient IV system that meets all the industry standards.
- Rising Demand for Outpatient Services: Outpatient services have a significant impact on IV equipment because the trend has increased in the area. Most procedures that would initially be carried out within the traditional hospital setting are now being conducted outside; thus, there is an emerging demand for portable and effective IV solutions. The trend makes healthcare providers embrace easy-to-use equipment that provides flexible IV therapy in outpatient clinics; hence, access is easy for patients.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the IV Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the IV Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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
AngioDynamics, Inc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, C. R. Bard, Inc. accounting for higesh market shares and are some of the major players operating in the market
The IV Catheters segment accounts for highest revenue in product the IV Equipment marekt in 2023
Asia Pacific region dominated the IV Equipment in 2023
North America region dominated the IV Equipment in 2023
The IV Equipment Market is estimated to witness a CAGR of 7.2% from 2023 to 2031
The major factors driving the IV Equipment are:
1. Technological Advancements
2. Rising Chronic Diseases
3. Aging Population
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Intravenous Equipment (IV) Market - By Product Type
1.3.2 Intravenous Equipment (IV) Market - By End User
1.3.3 Intravenous Equipment (IV) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INTRAVENOUS EQUIPMENT (IV) 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. INTRAVENOUS EQUIPMENT (IV) 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. INTRAVENOUS EQUIPMENT (IV) MARKET - GLOBAL MARKET ANALYSIS
6.1. INTRAVENOUS EQUIPMENT (IV) - GLOBAL MARKET OVERVIEW
6.2. INTRAVENOUS EQUIPMENT (IV) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INTRAVENOUS EQUIPMENT (IV) MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. IV CATHETERS
7.3.1. Overview
7.3.2. IV Catheters Market Forecast and Analysis
7.4. INFUSION PUMPS
7.4.1. Overview
7.4.2. Infusion Pumps Market Forecast and Analysis
7.5. SECUREMENT DEVICES
7.5.1. Overview
7.5.2. Securement Devices Market Forecast and Analysis
7.6. DRIP CHAMBERS
7.6.1. Overview
7.6.2. Drip Chambers Market Forecast and Analysis
7.7. OTHER IV EQUIPMENT
7.7.1. Overview
7.7.2. Other IV Equipment Market Forecast and Analysis
7.8. STOPCOCKS AND CHECK VALVES
7.8.1. Overview
7.8.2. Stopcocks and Check Valves Market Forecast and Analysis
7.9. ADMINISTRATION SETS
7.9.1. Overview
7.9.2. Administration Sets Market Forecast and Analysis
7.10. NEEDLELESS CONNECTORS
7.10.1. Overview
7.10.2. Needleless Connectors Market Forecast and Analysis
8. INTRAVENOUS EQUIPMENT (IV) 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. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. HOME CARE SETTINGS
8.5.1. Overview
8.5.2. Home Care Settings Market Forecast and Analysis
8.6. AMBULATORY CARE CENTERS
8.6.1. Overview
8.6.2. Ambulatory Care Centers Market Forecast and Analysis
9. INTRAVENOUS EQUIPMENT (IV) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Intravenous Equipment (IV) Market Overview
9.1.2 North America Intravenous Equipment (IV) Market Forecasts and Analysis
9.1.3 North America Intravenous Equipment (IV) Market Forecasts and Analysis - By Product Type
9.1.4 North America Intravenous Equipment (IV) Market Forecasts and Analysis - By End User
9.1.5 North America Intravenous Equipment (IV) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Intravenous Equipment (IV) Market
9.1.5.1.1 United States Intravenous Equipment (IV) Market by Product Type
9.1.5.1.2 United States Intravenous Equipment (IV) Market by End User
9.1.5.2 Canada Intravenous Equipment (IV) Market
9.1.5.2.1 Canada Intravenous Equipment (IV) Market by Product Type
9.1.5.2.2 Canada Intravenous Equipment (IV) Market by End User
9.1.5.3 Mexico Intravenous Equipment (IV) Market
9.1.5.3.1 Mexico Intravenous Equipment (IV) Market by Product Type
9.1.5.3.2 Mexico Intravenous Equipment (IV) Market by End User
9.2. EUROPE
9.2.1 Europe Intravenous Equipment (IV) Market Overview
9.2.2 Europe Intravenous Equipment (IV) Market Forecasts and Analysis
9.2.3 Europe Intravenous Equipment (IV) Market Forecasts and Analysis - By Product Type
9.2.4 Europe Intravenous Equipment (IV) Market Forecasts and Analysis - By End User
9.2.5 Europe Intravenous Equipment (IV) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Intravenous Equipment (IV) Market
9.2.5.1.1 Germany Intravenous Equipment (IV) Market by Product Type
9.2.5.1.2 Germany Intravenous Equipment (IV) Market by End User
9.2.5.2 France Intravenous Equipment (IV) Market
9.2.5.2.1 France Intravenous Equipment (IV) Market by Product Type
9.2.5.2.2 France Intravenous Equipment (IV) Market by End User
9.2.5.3 Italy Intravenous Equipment (IV) Market
9.2.5.3.1 Italy Intravenous Equipment (IV) Market by Product Type
9.2.5.3.2 Italy Intravenous Equipment (IV) Market by End User
9.2.5.4 Spain Intravenous Equipment (IV) Market
9.2.5.4.1 Spain Intravenous Equipment (IV) Market by Product Type
9.2.5.4.2 Spain Intravenous Equipment (IV) Market by End User
9.2.5.5 United Kingdom Intravenous Equipment (IV) Market
9.2.5.5.1 United Kingdom Intravenous Equipment (IV) Market by Product Type
9.2.5.5.2 United Kingdom Intravenous Equipment (IV) Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Intravenous Equipment (IV) Market Overview
9.3.2 Asia-Pacific Intravenous Equipment (IV) Market Forecasts and Analysis
9.3.3 Asia-Pacific Intravenous Equipment (IV) Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Intravenous Equipment (IV) Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Intravenous Equipment (IV) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Intravenous Equipment (IV) Market
9.3.5.1.1 Australia Intravenous Equipment (IV) Market by Product Type
9.3.5.1.2 Australia Intravenous Equipment (IV) Market by End User
9.3.5.2 China Intravenous Equipment (IV) Market
9.3.5.2.1 China Intravenous Equipment (IV) Market by Product Type
9.3.5.2.2 China Intravenous Equipment (IV) Market by End User
9.3.5.3 India Intravenous Equipment (IV) Market
9.3.5.3.1 India Intravenous Equipment (IV) Market by Product Type
9.3.5.3.2 India Intravenous Equipment (IV) Market by End User
9.3.5.4 Japan Intravenous Equipment (IV) Market
9.3.5.4.1 Japan Intravenous Equipment (IV) Market by Product Type
9.3.5.4.2 Japan Intravenous Equipment (IV) Market by End User
9.3.5.5 South Korea Intravenous Equipment (IV) Market
9.3.5.5.1 South Korea Intravenous Equipment (IV) Market by Product Type
9.3.5.5.2 South Korea Intravenous Equipment (IV) Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Intravenous Equipment (IV) Market Overview
9.4.2 Middle East and Africa Intravenous Equipment (IV) Market Forecasts and Analysis
9.4.3 Middle East and Africa Intravenous Equipment (IV) Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Intravenous Equipment (IV) Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Intravenous Equipment (IV) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Intravenous Equipment (IV) Market
9.4.5.1.1 South Africa Intravenous Equipment (IV) Market by Product Type
9.4.5.1.2 South Africa Intravenous Equipment (IV) Market by End User
9.4.5.2 Saudi Arabia Intravenous Equipment (IV) Market
9.4.5.2.1 Saudi Arabia Intravenous Equipment (IV) Market by Product Type
9.4.5.2.2 Saudi Arabia Intravenous Equipment (IV) Market by End User
9.4.5.3 U.A.E Intravenous Equipment (IV) Market
9.4.5.3.1 U.A.E Intravenous Equipment (IV) Market by Product Type
9.4.5.3.2 U.A.E Intravenous Equipment (IV) Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Intravenous Equipment (IV) Market Overview
9.5.2 South and Central America Intravenous Equipment (IV) Market Forecasts and Analysis
9.5.3 South and Central America Intravenous Equipment (IV) Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Intravenous Equipment (IV) Market Forecasts and Analysis - By End User
9.5.5 South and Central America Intravenous Equipment (IV) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Intravenous Equipment (IV) Market
9.5.5.1.1 Brazil Intravenous Equipment (IV) Market by Product Type
9.5.5.1.2 Brazil Intravenous Equipment (IV) Market by End User
9.5.5.2 Argentina Intravenous Equipment (IV) Market
9.5.5.2.1 Argentina Intravenous Equipment (IV) Market by Product Type
9.5.5.2.2 Argentina Intravenous Equipment (IV) Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL INTRAVENOUS EQUIPMENT (IV) MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
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. INTRAVENOUS EQUIPMENT (IV) MARKET, KEY COMPANY PROFILES
12.1. ANGIODYNAMICS, 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. B. BRAUN MELSUNGEN AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BAXTER INTERNATIONAL INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BECTON, DICKINSON AND COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. C. R. BARD, INC.
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. FRESENIUS SE AND CO. KGAA
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. ICU MEDICAL, INC.
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. MOOG, INC.
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. SMITHS MEDICAL
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. TERUMO CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. AngioDynamics, Inc.
2. B. Braun Melsungen AG
3. Baxter International Inc.
4. Becton, Dickinson and Company
5. C. R. Bard, Inc.
6. Fresenius SE & Co. KGaA
7. ICU Medical, Inc.
8. Moog, Inc.
9. Smiths Medical
10. Terumo Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For