Manual Sphygmomanometer Market Regional Share, Global Size, Trends, and Forecast by 2031

Coverage: Manual Sphygmomanometer Market covers analysis By Type (Aneroid Sphygmomanometer, Mercury Sphygmomanometer); End User (Hospitals, Diagnostic Centres, Others); and Geography , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00021575
  • Category : Life Sciences
  • No. of Pages : 150
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Manual Sphygmomanometer Market Size 2031 | Drivers and Opportunities

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The Manual Sphygmomanometer Market is expected to register a CAGR of 3.9% 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 Type (Aneroid Sphygmomanometer, Mercury Sphygmomanometer); End User (Hospitals, Diagnostic Centres, Others). The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Manual Sphygmomanometer 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.

Manual Sphygmomanometer Market Segmentation

Type
  • Aneroid Sphygmomanometer
  • Mercury Sphygmomanometer
End User
  • Hospitals
  • Diagnostic Centres
  • Others

Strategic Insights

Manual Sphygmomanometer Market Growth Drivers
  • Increased Prevalence of Hypertension: The increasing incidence of hypertension around the world is a major factor that is driving the manual sphygmomanometers market. The greater the prevalence and the number of people diagnosed as being hypertensive, the greater is the demand for blood-pressure-monitoring equipment. Manual sphygmomanometers are widely recommended by health professionals for diagnosis of hypertension, hence growing the scope for such devices in clinical settings.
  • Preference for Cost-Effective Monitoring Solutions: Usually, manual sphygmomanometers are accepted as less expensive substitutes to digital devices because of availability for cost-effective options. It can also be low-cost, accurate in obtaining arterial pressure readings in non-health infrastructure areas. Moreover, it's convenient and cheap and very sturdy to become efficiently a handheld device for healthcare providers.
  • Training and Education in Clinical Settings: The manual sphygmomanometer is very much a feature of any medical training and education, because it is highly accurate and very hands-on. The more health professionals are trained in medical schools and clinical workshops, the higher the demand for manual devices. Such devices can teach students how to interpret a recording by ensuring that good-quality blood pressure technique is taught in the future patient care of those students, thus enhancing the market.
Manual Sphygmomanometer Market Future Trends
  • Focus on Accuracy and Precision: Continued improvements are being made in terms of bugs and bug fixes with regard to manual sphygmomanometers. Manufacturers are now investing capital in more advanced physical calibrations and quality controls for accuracy measures. Most importantly, clinical environments or hospitals have made accuracy measurement easy, where practitioners use available devices to diagnose high blood pressure.
  • Integration with Digital Health Solutions: Manual sphygmomanometers came along a long way to becoming digital, but now there is much talk about incorporating them into digital health systems. There are hybrid devices that carry out partial breath-measurement recording within a composite system which can subsequently activate electronic-based health recording; this will facilitate health professional employees' tasks.
  • Sustainability and Durability: Concerns regarding medical device waste have gained phenomenally powerful international traction today, with sustainability climbing to the onsite terminus of manual sphygmomanometer markets amidst all these. Companies design their products as durable and longer lifespan products so that they comply with environmental material standards, as well as now exhibiting an assurance for increased global attention toward manual sphygmomanometers offering durability that complements the heightened tendencies in sustainable, reused applications on end-of-life health care equipment.
Manual Sphygmomanometer Market Opportunities
  • Rising Demand in Home Healthcare: There is an increase in the adoption of home healthcare that is leading to the growth of manual sphygmomanometers. In fact, most people want to know their health status and monitor it within their homes. With a manual sphygmomanometer, people can measure blood pressure accurately and affordably. Users will be home users, and the focus will mainly be on educating them on the proper use of the tool..
  • Growth in Developing Countries: Much of the high market potential is prevailing in developing areas, especially where advanced medical technologies are not present. These manual sphygmomanometers, it stands to reason, would be the best for resource-poor healthcare settings for they are cost-effective and really durable. The expanding healthcare infrastructure in emerging economies could be leveraged by manufacturers and place these highly valuable yet affordable devices in clinics and hospitals.
  • Partnerships with Medical Training Institutions: It is necessary for collaboration with medical schools and other training institutions for joint activities on partnership with those manual sphygmomanometers. Demand for sphygmomanometer, probably in form of manufacture-supplied training kits or bulk purchase discounts, could be raised through direct practical training in measuring blood pressure in medicine.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Manual Sphygmomanometer 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 Manual Sphygmomanometer 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
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


Which segment accounts for highest revenue in Type segment of the manual sphygmomanometer market in 2023?

The Aneroid Sphygmomanometer segment accounts for highest revenue in Type segment in 2023

Which are some of the major players operating in the market?

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd, MDF Instruments, Prestige Medical, Wuxi Medcare Instrument, AME Worldwide, American Diagnostic, Ciga Healthcare, Friedrich Bosch, Dupont Medical, Honsunare some of the major market players operating in the market

Which region highest CAGR the manual sphygmomanometer market in 2023?

Asia Pacific region dominated the manual sphygmomanometer market in 2023

Which region dominated the manual sphygmomanometer market in 2023?

North America region dominated the manual sphygmomanometer market in 2023

What is the expected CAGR of the Manual Sphygmomanometer Market ?

The Manual Sphygmomanometer Market is estimated to witness a CAGR of 3.9% from 2023 to 2031

What are the driving factors impacting the manual sphygmomanometer market?

The major factors driving the manual sphygmomanometer market are:

1.Increased Prevalence of Hypertension

2.Preference for Cost-Effective Monitoring Solutions

3. Training and Education in Clinical Settings

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Manual Sphygmomanometer Market - By Type
1.3.2 Manual Sphygmomanometer Market - By End User
1.3.3 Manual Sphygmomanometer Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MANUAL SPHYGMOMANOMETER 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. MANUAL SPHYGMOMANOMETER 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. MANUAL SPHYGMOMANOMETER MARKET - GLOBAL MARKET ANALYSIS
6.1. MANUAL SPHYGMOMANOMETER - GLOBAL MARKET OVERVIEW
6.2. MANUAL SPHYGMOMANOMETER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MANUAL SPHYGMOMANOMETER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANEROID SPHYGMOMANOMETER
7.3.1. Overview
7.3.2. Aneroid Sphygmomanometer Market Forecast and Analysis
7.4. MERCURY SPHYGMOMANOMETER
7.4.1. Overview
7.4.2. Mercury Sphygmomanometer Market Forecast and Analysis
8. MANUAL SPHYGMOMANOMETER 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. DIAGNOSTIC CENTERS
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. MANUAL SPHYGMOMANOMETER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Manual Sphygmomanometer Market Overview
9.1.2 North America Manual Sphygmomanometer Market Forecasts and Analysis
9.1.3 North America Manual Sphygmomanometer Market Forecasts and Analysis - By Type
9.1.4 North America Manual Sphygmomanometer Market Forecasts and Analysis - By End User
9.1.5 North America Manual Sphygmomanometer Market Forecasts and Analysis - By Countries
9.1.5.1 United States Manual Sphygmomanometer Market
9.1.5.1.1 United States Manual Sphygmomanometer Market by Type
9.1.5.1.2 United States Manual Sphygmomanometer Market by End User
9.1.5.2 Canada Manual Sphygmomanometer Market
9.1.5.2.1 Canada Manual Sphygmomanometer Market by Type
9.1.5.2.2 Canada Manual Sphygmomanometer Market by End User
9.1.5.3 Mexico Manual Sphygmomanometer Market
9.1.5.3.1 Mexico Manual Sphygmomanometer Market by Type
9.1.5.3.2 Mexico Manual Sphygmomanometer Market by End User
9.2. EUROPE
9.2.1 Europe Manual Sphygmomanometer Market Overview
9.2.2 Europe Manual Sphygmomanometer Market Forecasts and Analysis
9.2.3 Europe Manual Sphygmomanometer Market Forecasts and Analysis - By Type
9.2.4 Europe Manual Sphygmomanometer Market Forecasts and Analysis - By End User
9.2.5 Europe Manual Sphygmomanometer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Manual Sphygmomanometer Market
9.2.5.1.1 Germany Manual Sphygmomanometer Market by Type
9.2.5.1.2 Germany Manual Sphygmomanometer Market by End User
9.2.5.2 France Manual Sphygmomanometer Market
9.2.5.2.1 France Manual Sphygmomanometer Market by Type
9.2.5.2.2 France Manual Sphygmomanometer Market by End User
9.2.5.3 Italy Manual Sphygmomanometer Market
9.2.5.3.1 Italy Manual Sphygmomanometer Market by Type
9.2.5.3.2 Italy Manual Sphygmomanometer Market by End User
9.2.5.4 Spain Manual Sphygmomanometer Market
9.2.5.4.1 Spain Manual Sphygmomanometer Market by Type
9.2.5.4.2 Spain Manual Sphygmomanometer Market by End User
9.2.5.5 United Kingdom Manual Sphygmomanometer Market
9.2.5.5.1 United Kingdom Manual Sphygmomanometer Market by Type
9.2.5.5.2 United Kingdom Manual Sphygmomanometer Market by End User
9.2.5.6 Rest of Europe Manual Sphygmomanometer Market
9.2.5.6.1 Rest of Europe Manual Sphygmomanometer Market by Type
9.2.5.6.2 Rest of Europe Manual Sphygmomanometer Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Manual Sphygmomanometer Market Overview
9.3.2 Asia-Pacific Manual Sphygmomanometer Market Forecasts and Analysis
9.3.3 Asia-Pacific Manual Sphygmomanometer Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Manual Sphygmomanometer Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Manual Sphygmomanometer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Manual Sphygmomanometer Market
9.3.5.1.1 Australia Manual Sphygmomanometer Market by Type
9.3.5.1.2 Australia Manual Sphygmomanometer Market by End User
9.3.5.2 China Manual Sphygmomanometer Market
9.3.5.2.1 China Manual Sphygmomanometer Market by Type
9.3.5.2.2 China Manual Sphygmomanometer Market by End User
9.3.5.3 India Manual Sphygmomanometer Market
9.3.5.3.1 India Manual Sphygmomanometer Market by Type
9.3.5.3.2 India Manual Sphygmomanometer Market by End User
9.3.5.4 Japan Manual Sphygmomanometer Market
9.3.5.4.1 Japan Manual Sphygmomanometer Market by Type
9.3.5.4.2 Japan Manual Sphygmomanometer Market by End User
9.3.5.5 South Korea Manual Sphygmomanometer Market
9.3.5.5.1 South Korea Manual Sphygmomanometer Market by Type
9.3.5.5.2 South Korea Manual Sphygmomanometer Market by End User
9.3.5.6 Rest of Asia-Pacific Manual Sphygmomanometer Market
9.3.5.6.1 Rest of Asia-Pacific Manual Sphygmomanometer Market by Type
9.3.5.6.2 Rest of Asia-Pacific Manual Sphygmomanometer Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Manual Sphygmomanometer Market Overview
9.4.2 Middle East and Africa Manual Sphygmomanometer Market Forecasts and Analysis
9.4.3 Middle East and Africa Manual Sphygmomanometer Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Manual Sphygmomanometer Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Manual Sphygmomanometer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Manual Sphygmomanometer Market
9.4.5.1.1 South Africa Manual Sphygmomanometer Market by Type
9.4.5.1.2 South Africa Manual Sphygmomanometer Market by End User
9.4.5.2 Saudi Arabia Manual Sphygmomanometer Market
9.4.5.2.1 Saudi Arabia Manual Sphygmomanometer Market by Type
9.4.5.2.2 Saudi Arabia Manual Sphygmomanometer Market by End User
9.4.5.3 U.A.E Manual Sphygmomanometer Market
9.4.5.3.1 U.A.E Manual Sphygmomanometer Market by Type
9.4.5.3.2 U.A.E Manual Sphygmomanometer Market by End User
9.4.5.4 Rest of Middle East and Africa Manual Sphygmomanometer Market
9.4.5.4.1 Rest of Middle East and Africa Manual Sphygmomanometer Market by Type
9.4.5.4.2 Rest of Middle East and Africa Manual Sphygmomanometer Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Manual Sphygmomanometer Market Overview
9.5.2 South and Central America Manual Sphygmomanometer Market Forecasts and Analysis
9.5.3 South and Central America Manual Sphygmomanometer Market Forecasts and Analysis - By Type
9.5.4 South and Central America Manual Sphygmomanometer Market Forecasts and Analysis - By End User
9.5.5 South and Central America Manual Sphygmomanometer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Manual Sphygmomanometer Market
9.5.5.1.1 Brazil Manual Sphygmomanometer Market by Type
9.5.5.1.2 Brazil Manual Sphygmomanometer Market by End User
9.5.5.2 Argentina Manual Sphygmomanometer Market
9.5.5.2.1 Argentina Manual Sphygmomanometer Market by Type
9.5.5.2.2 Argentina Manual Sphygmomanometer Market by End User
9.5.5.3 Rest of South and Central America Manual Sphygmomanometer Market
9.5.5.3.1 Rest of South and Central America Manual Sphygmomanometer Market by Type
9.5.5.3.2 Rest of South and Central America Manual Sphygmomanometer Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MANUAL SPHYGMOMANOMETER 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. MANUAL SPHYGMOMANOMETER MARKET, KEY COMPANY PROFILES
12.1. JIANGSU YUYUE MEDICAL EQUIPMENT AND SUPPLY CO., LTD
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. MDF INSTRUMENTS
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. PRESTIGE MEDICAL
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. WUXI MEDCARE INSTRUMENT
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. AME WORLDWIDE
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. AMERICAN DIAGNOSTIC
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. CIGA HEALTHCARE
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. FRIEDRICH BOSCH
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. DUPONT 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. HONSUN
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
The List of Companies

1. Jiangsu Yuyue Medical Equipment & Supply Co., Ltd
2. MDF Instruments
3. Prestige Medical
4. Wuxi Medcare Instrument
5. AME Worldwide
6. American Diagnostic
7. Ciga Healthcare
8. Friedrich Bosch
9. Dupont Medical
10. Honsun

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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