The Lumbar Artificial Disc Market is expected to register a CAGR of 10.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Material (Cobalt-chrome Alloys, Titanium Alloys, Stainless Steels, Polyethylene, Polyurethane, Ceramics). Also, the report is segmented based on End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers). 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 Lumbar Artificial Disc 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.
Lumbar Artificial Disc Market Segmentation
Material- Cobalt-chrome Alloys
- Titanium Alloys
- Stainless Steels
- Polyethylene
- Polyurethane
- Ceramics
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
Strategic Insights
Lumbar Artificial Disc Market Growth Drivers- Increasing incidences of spinal disorders: Rise in cases of spine related disorders, more specifically, degenerative disc disease and herniated discs, is anticipated to be the key driving factor of the growth of the market for lumbar artificial disc. The number of patients suffering from chronic back pains due to old age, lack of activity, and even harsh physical conditions has greatly increased, leading to surge of demand for lumbo artificial discs that are long lasting solutions which in turn promotes market growth.
- Technological improvements of the surgical approach: One of the main growth drivers for the segment of lumbar artificial disc is the market adoption of innovations in minimally invasive spinal surgery. In other words, these developments reduce the periods of rehabilitation and facilitate recovery, making the prospects for performing disc replacement surgeries all the more attractive. With surgeons switching to new ways of doing the lumbar disc replacement for instance, less invasive ones, the demand for high-end artificial discs continues to grow in order to give patients easier and faster recovery methods.
- Patient preference for motion preservation increasing: The upward inclination of patients towards the provision of motion-sparing spinal surgeries leads to the increasing use of lumbar artificial discs. Replaceable discs do not restrict the motion of the spine unlike fusion socrety surgeries, which limit the mobility of the spine. Also patients have started to prefer using or going for options that do not rigidly fix movements which has resulted to an upsurge in the use and demand of lumbar artificial discs.
- Trend in Minimally Invasive Interventional Procedures: One feature that is likely to drive the growth of lumbar artificial disc market is the growing preference for interventional procedures which are minimally invasive in nature. These procedures are associated with small cuts, lower chances of infections, and quick recovery hence making them appealing to patients. As a result, there is a surge in the need for lumbar artificial discs which enhances these procedures thereby propelling the growth of the market.
- 3D Printing for Customization: The field of manufacturing artificial lumbar discs has welcomed the introduction of 3D technology which is fast growing. The use of patient-specific implants that conform to the anatomy of the individual patient considerably improves clinical efficiency and safety. With the advancement of 3d printing technology, markets are more likely to innovate and grow as the creation of tailor-made functional artificial discs advances.
- Focus on Biocompatibility and Durability: Biocompatible materials and improved durability is another latest trend in sustaining the lumbar artificial disc market. Implants are being developed that replicate the properties of the natural disc structure and components while also addressing the concerns of patients regarding rejection or breakdown of the structure over time. This is targeted to increase the patient outcomes and satisfaction for the prolonged use of lumbar disc replacement systems which is likely to increase the overall lumbar disc replacement market.
- Growing elderly population : The rise in elderly population is one of the positive aspects for the advancements in artificial lumbar disc market. It is worth noting also the fact that a significant portion of elderly population suffers from age-related spinal disorders, above all degenerative disc disease, which necessitates offering corrective solutions aimed at restoration of mobility. . Within this demographic, which not only broadens the scope of the market but also improves the standard of care for the patients, the manufacturers can introduce more advanced, long-lasting and less invasive solutions for lumbar disc prosthesis.
- Improvement in Biomechanics: The benefits of biomechanical and material sciences concepts still can be harnessed to come up with more sophisticated artificial lumbar discs. Developing more advanced implants capable of imitating the natural motion and function of the spine will expand treatment options for patients with spinal disorders. These innovations will most likely result in greater clinical advantages and market technology acceptance, particularly among patients seeking motion-preserving therapy.
- Enhanced Adoption of Motion-Sparing Procedures: As both patients and providers are recognizing the benefits of motion enabling devices compared to motion preserving fusion surgeries, there is an opportunity for a rise in the patient population fitted with lumbar artificial discs. It is estimated that, based on the mobility, pain relief and decreased period of recovery, prostheses may already be offered to both, the patients and their surgeons, and thus, the market for disc replacement with the lumbar artificial disc expands.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Lumbar Artificial Disc 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 Lumbar Artificial Disc 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
Approximately 150-200 word file pages is the standard report
Cobalt-chrome Alloys type segments accounts for major share in the market
B. Braun Melsungen AG, Stryker, and Zimmer Biomet players accounted for more than 40% market shares in the year 2023
The Lumbar Artificial Disc Market is estimated to witness a CAGR of 10.2% from 2023 to 2031
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Asia Pacific region is the fastest growing in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lumbar Artificial Disc Market - By Material
1.3.2 Lumbar Artificial Disc Market - By End User
1.3.3 Lumbar Artificial Disc Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LUMBAR ARTIFICIAL DISC 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. LUMBAR ARTIFICIAL DISC 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. LUMBAR ARTIFICIAL DISC MARKET - GLOBAL MARKET ANALYSIS
6.1. LUMBAR ARTIFICIAL DISC - GLOBAL MARKET OVERVIEW
6.2. LUMBAR ARTIFICIAL DISC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LUMBAR ARTIFICIAL DISC MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. COBALT-CHROME ALLOYS
7.3.1. Overview
7.3.2. Cobalt-chrome Alloys Market Forecast and Analysis
7.4. TITANIUM ALLOYS
7.4.1. Overview
7.4.2. Titanium Alloys Market Forecast and Analysis
7.5. STAINLESS STEELS
7.5.1. Overview
7.5.2. Stainless Steels Market Forecast and Analysis
7.6. POLYETHYLENE
7.6.1. Overview
7.6.2. Polyethylene Market Forecast and Analysis
7.7. POLYURETHANE
7.7.1. Overview
7.7.2. Polyurethane Market Forecast and Analysis
7.8. CERAMICS
7.8.1. Overview
7.8.2. Ceramics Market Forecast and Analysis
8. LUMBAR ARTIFICIAL DISC 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. SPECIALTY CLINICS
8.4.1. Overview
8.4.2. Specialty Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9. LUMBAR ARTIFICIAL DISC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lumbar Artificial Disc Market Overview
9.1.2 North America Lumbar Artificial Disc Market Forecasts and Analysis
9.1.3 North America Lumbar Artificial Disc Market Forecasts and Analysis - By Material
9.1.4 North America Lumbar Artificial Disc Market Forecasts and Analysis - By End User
9.1.5 North America Lumbar Artificial Disc Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lumbar Artificial Disc Market
9.1.5.1.1 United States Lumbar Artificial Disc Market by Material
9.1.5.1.2 United States Lumbar Artificial Disc Market by End User
9.1.5.2 Canada Lumbar Artificial Disc Market
9.1.5.2.1 Canada Lumbar Artificial Disc Market by Material
9.1.5.2.2 Canada Lumbar Artificial Disc Market by End User
9.1.5.3 Mexico Lumbar Artificial Disc Market
9.1.5.3.1 Mexico Lumbar Artificial Disc Market by Material
9.1.5.3.2 Mexico Lumbar Artificial Disc Market by End User
9.2. EUROPE
9.2.1 Europe Lumbar Artificial Disc Market Overview
9.2.2 Europe Lumbar Artificial Disc Market Forecasts and Analysis
9.2.3 Europe Lumbar Artificial Disc Market Forecasts and Analysis - By Material
9.2.4 Europe Lumbar Artificial Disc Market Forecasts and Analysis - By End User
9.2.5 Europe Lumbar Artificial Disc Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lumbar Artificial Disc Market
9.2.5.1.1 Germany Lumbar Artificial Disc Market by Material
9.2.5.1.2 Germany Lumbar Artificial Disc Market by End User
9.2.5.2 France Lumbar Artificial Disc Market
9.2.5.2.1 France Lumbar Artificial Disc Market by Material
9.2.5.2.2 France Lumbar Artificial Disc Market by End User
9.2.5.3 Italy Lumbar Artificial Disc Market
9.2.5.3.1 Italy Lumbar Artificial Disc Market by Material
9.2.5.3.2 Italy Lumbar Artificial Disc Market by End User
9.2.5.4 Spain Lumbar Artificial Disc Market
9.2.5.4.1 Spain Lumbar Artificial Disc Market by Material
9.2.5.4.2 Spain Lumbar Artificial Disc Market by End User
9.2.5.5 United Kingdom Lumbar Artificial Disc Market
9.2.5.5.1 United Kingdom Lumbar Artificial Disc Market by Material
9.2.5.5.2 United Kingdom Lumbar Artificial Disc Market by End User
9.2.5.6 Rest of Europe Lumbar Artificial Disc Market
9.2.5.6.1 Rest of Europe Lumbar Artificial Disc Market by Material
9.2.5.6.2 Rest of Europe Lumbar Artificial Disc Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lumbar Artificial Disc Market Overview
9.3.2 Asia-Pacific Lumbar Artificial Disc Market Forecasts and Analysis
9.3.3 Asia-Pacific Lumbar Artificial Disc Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Lumbar Artificial Disc Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Lumbar Artificial Disc Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lumbar Artificial Disc Market
9.3.5.1.1 Australia Lumbar Artificial Disc Market by Material
9.3.5.1.2 Australia Lumbar Artificial Disc Market by End User
9.3.5.2 China Lumbar Artificial Disc Market
9.3.5.2.1 China Lumbar Artificial Disc Market by Material
9.3.5.2.2 China Lumbar Artificial Disc Market by End User
9.3.5.3 India Lumbar Artificial Disc Market
9.3.5.3.1 India Lumbar Artificial Disc Market by Material
9.3.5.3.2 India Lumbar Artificial Disc Market by End User
9.3.5.4 Japan Lumbar Artificial Disc Market
9.3.5.4.1 Japan Lumbar Artificial Disc Market by Material
9.3.5.4.2 Japan Lumbar Artificial Disc Market by End User
9.3.5.5 South Korea Lumbar Artificial Disc Market
9.3.5.5.1 South Korea Lumbar Artificial Disc Market by Material
9.3.5.5.2 South Korea Lumbar Artificial Disc Market by End User
9.3.5.6 Rest of Asia-Pacific Lumbar Artificial Disc Market
9.3.5.6.1 Rest of Asia-Pacific Lumbar Artificial Disc Market by Material
9.3.5.6.2 Rest of Asia-Pacific Lumbar Artificial Disc Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lumbar Artificial Disc Market Overview
9.4.2 Middle East and Africa Lumbar Artificial Disc Market Forecasts and Analysis
9.4.3 Middle East and Africa Lumbar Artificial Disc Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Lumbar Artificial Disc Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Lumbar Artificial Disc Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lumbar Artificial Disc Market
9.4.5.1.1 South Africa Lumbar Artificial Disc Market by Material
9.4.5.1.2 South Africa Lumbar Artificial Disc Market by End User
9.4.5.2 Saudi Arabia Lumbar Artificial Disc Market
9.4.5.2.1 Saudi Arabia Lumbar Artificial Disc Market by Material
9.4.5.2.2 Saudi Arabia Lumbar Artificial Disc Market by End User
9.4.5.3 U.A.E Lumbar Artificial Disc Market
9.4.5.3.1 U.A.E Lumbar Artificial Disc Market by Material
9.4.5.3.2 U.A.E Lumbar Artificial Disc Market by End User
9.4.5.4 Rest of Middle East and Africa Lumbar Artificial Disc Market
9.4.5.4.1 Rest of Middle East and Africa Lumbar Artificial Disc Market by Material
9.4.5.4.2 Rest of Middle East and Africa Lumbar Artificial Disc Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lumbar Artificial Disc Market Overview
9.5.2 South and Central America Lumbar Artificial Disc Market Forecasts and Analysis
9.5.3 South and Central America Lumbar Artificial Disc Market Forecasts and Analysis - By Material
9.5.4 South and Central America Lumbar Artificial Disc Market Forecasts and Analysis - By End User
9.5.5 South and Central America Lumbar Artificial Disc Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lumbar Artificial Disc Market
9.5.5.1.1 Brazil Lumbar Artificial Disc Market by Material
9.5.5.1.2 Brazil Lumbar Artificial Disc Market by End User
9.5.5.2 Argentina Lumbar Artificial Disc Market
9.5.5.2.1 Argentina Lumbar Artificial Disc Market by Material
9.5.5.2.2 Argentina Lumbar Artificial Disc Market by End User
9.5.5.3 Rest of South and Central America Lumbar Artificial Disc Market
9.5.5.3.1 Rest of South and Central America Lumbar Artificial Disc Market by Material
9.5.5.3.2 Rest of South and Central America Lumbar Artificial Disc Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LUMBAR ARTIFICIAL DISC 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. LUMBAR ARTIFICIAL DISC MARKET, KEY COMPANY PROFILES
12.1. CENTINEL SPINE, LLC
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. ZIMMER BIOMET
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. AXIOMED LLC.
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. STRYKER
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. GLOBUS MEDICAL
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. SPINEART SA
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. FH ORTHO S.A.S.
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. ADITUS 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. SPINAL KINETICS LLC.
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. Centinel Spine, LLC
2. B. Braun Melsungen AG
3. Zimmer Biomet
4. AxioMed LLC.
5. Stryker
6. Globus Medical
7. SPINEART SA
8. FH ORTHO S.A.S.
9. Aditus Medical
10. Spinal Kinetics LLC.
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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