Medical Equipment Calibration Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Medical equipment calibration is a process to ensure that the output of the medical devices is as per the industry standards. Calibration is the comparison with the standard measurement by using the medical instrument to determine the quality of the equipment. It ensures the instrument's precision and accuracy to reduce measurement errors. Medical equipment calibration is an essential aspect of quality control. As medical equipment measurements significantly impact public health and safety, the pharmaceutical and biotech industry must adhere to regulations throughout testing, calibration, and sampling.
MARKET SCOPE
The "Global Medical Equipment Calibration Services 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 medical equipment calibration services market with detailed market segmentation by service, end user, and geography. The report provides key statistics on the market status of the leading medical equipment calibration services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service, the global medical equipment calibration services market is segmented into in-house, third-party services and original equipment manufacturer (OEM).
- On the basis of end-users, the market is bifurcated into hospitals, clinical laboratories and others.
MARKET DYNAMICS
Drivers:
- Rising demand for calibration services and market strategies, such as total annual calibration service subscriptions provided by service providers, drive the medical equipment calibration services market growth.
- The growing number of medical devices and increasing awareness about preventative medical equipment maintenance boost the market growth.
- Increasing research and development measures along with demand for refurbished medical equipment fuel the market growth.
Restraints:
- Lack of skilled technicians.
- Stringent regulatory authorities.
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 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical equipment calibration services 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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical equipment calibration services market in these regions.
IMPACT OF COVID-19 ON MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic had a significant impact on the market as medical equipment maintenance has become more crucial than in normal times. The market has experienced unprecedented difficulty due to governments' social distancing guidelines to prevent virus transmission. Overall, this has affected the sales and pharma personnel's face-to-face interactions. Also, the U.K.'s MHRA has issued recommendations to manufacturers and laboratories during the COVID-19 pandemic who require outside engineers to calibrate their equipment. The factors mentioned above have impacted the market in the pandemic period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical equipment calibration services 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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical equipment calibration services market in these regions.
IMPACT OF COVID-19 ON MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic had a significant impact on the market as medical equipment maintenance has become more crucial than in normal times. The market has experienced unprecedented difficulty due to governments' social distancing guidelines to prevent virus transmission. Overall, this has affected the sales and pharma personnel's face-to-face interactions. Also, the U.K.'s MHRA has issued recommendations to manufacturers and laboratories during the COVID-19 pandemic who require outside engineers to calibrate their equipment. The factors mentioned above have impacted the market in the pandemic period.
MARKET PLAYERS
The report covers key developments in the medical equipment calibration services 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from medical equipment calibration services market are anticipated to have lucrative growth opportunities in the future with the rising demand for medical equipment calibration services in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical equipment calibration services 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.
- Tektronix
- NS Medical Systems
- Fluke Biomedical
- Transcat, Inc.
- Biomedical Technologies Inc.
- JM Test Systems
- JPen Medical
- Industrial Calibration and Service Co. Inc.
- TAG Medical
- Medserve Ltd
- 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 Medical Equipment Calibration Services Market - By Service
1.3.2 Medical Equipment Calibration Services Market - By End-user
1.3.3 Medical Equipment Calibration Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL EQUIPMENT CALIBRATION SERVICES 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. MEDICAL EQUIPMENT CALIBRATION SERVICES 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. MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL EQUIPMENT CALIBRATION SERVICES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL EQUIPMENT CALIBRATION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1. OVERVIEW
7.2. SERVICE MARKET FORECASTS AND ANALYSIS
7.3. IN-HOUSE
7.3.1. Overview
7.3.2. In-house Market Forecast and Analysis
7.4. THIRD-PARTY SERVICES
7.4.1. Overview
7.4.2. Third-party Services Market Forecast and Analysis
7.5. ORIGINAL EQUIPMENT MANUFACTURER (OEM)
7.5.1. Overview
7.5.2. Original Equipment Manufacturer (OEM) Market Forecast and Analysis
8. MEDICAL EQUIPMENT CALIBRATION SERVICES 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. CLINICAL LABORATORIES
8.4.1. Overview
8.4.2. Clinical Laboratories Market Forecast and Analysis
8.5. OTHERS.
8.5.1. Overview
8.5.2. Others. Market Forecast and Analysis
9. MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Medical Equipment Calibration Services Market Overview
9.1.2 North America Medical Equipment Calibration Services Market Forecasts and Analysis
9.1.3 North America Medical Equipment Calibration Services Market Forecasts and Analysis - By Service
9.1.4 North America Medical Equipment Calibration Services Market Forecasts and Analysis - By End-user
9.1.5 North America Medical Equipment Calibration Services Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Medical Equipment Calibration Services Market
9.1.5.1.1 Canada Medical Equipment Calibration Services Market by Service
9.1.5.1.2 Canada Medical Equipment Calibration Services Market by End-user
9.1.5.2 Mexico Medical Equipment Calibration Services Market
9.1.5.2.1 Mexico Medical Equipment Calibration Services Market by Service
9.1.5.2.2 Mexico Medical Equipment Calibration Services Market by End-user
9.1.5.3 US Medical Equipment Calibration Services Market
9.1.5.3.1 US Medical Equipment Calibration Services Market by Service
9.1.5.3.2 US Medical Equipment Calibration Services Market by End-user
9.2. EUROPE
9.2.1 Europe Medical Equipment Calibration Services Market Overview
9.2.2 Europe Medical Equipment Calibration Services Market Forecasts and Analysis
9.2.3 Europe Medical Equipment Calibration Services Market Forecasts and Analysis - By Service
9.2.4 Europe Medical Equipment Calibration Services Market Forecasts and Analysis - By End-user
9.2.5 Europe Medical Equipment Calibration Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Medical Equipment Calibration Services Market
9.2.5.1.1 Germany Medical Equipment Calibration Services Market by Service
9.2.5.1.2 Germany Medical Equipment Calibration Services Market by End-user
9.2.5.2 France Medical Equipment Calibration Services Market
9.2.5.2.1 France Medical Equipment Calibration Services Market by Service
9.2.5.2.2 France Medical Equipment Calibration Services Market by End-user
9.2.5.3 Italy Medical Equipment Calibration Services Market
9.2.5.3.1 Italy Medical Equipment Calibration Services Market by Service
9.2.5.3.2 Italy Medical Equipment Calibration Services Market by End-user
9.2.5.4 Spain Medical Equipment Calibration Services Market
9.2.5.4.1 Spain Medical Equipment Calibration Services Market by Service
9.2.5.4.2 Spain Medical Equipment Calibration Services Market by End-user
9.2.5.5 United Kingdom Medical Equipment Calibration Services Market
9.2.5.5.1 United Kingdom Medical Equipment Calibration Services Market by Service
9.2.5.5.2 United Kingdom Medical Equipment Calibration Services Market by End-user
9.2.5.6 Rest of Europe Medical Equipment Calibration Services Market
9.2.5.6.1 Rest of Europe Medical Equipment Calibration Services Market by Service
9.2.5.6.2 Rest of Europe Medical Equipment Calibration Services Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Medical Equipment Calibration Services Market Overview
9.3.2 Asia-Pacific Medical Equipment Calibration Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Medical Equipment Calibration Services Market Forecasts and Analysis - By Service
9.3.4 Asia-Pacific Medical Equipment Calibration Services Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Medical Equipment Calibration Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Medical Equipment Calibration Services Market
9.3.5.1.1 Australia Medical Equipment Calibration Services Market by Service
9.3.5.1.2 Australia Medical Equipment Calibration Services Market by End-user
9.3.5.2 China Medical Equipment Calibration Services Market
9.3.5.2.1 China Medical Equipment Calibration Services Market by Service
9.3.5.2.2 China Medical Equipment Calibration Services Market by End-user
9.3.5.3 India Medical Equipment Calibration Services Market
9.3.5.3.1 India Medical Equipment Calibration Services Market by Service
9.3.5.3.2 India Medical Equipment Calibration Services Market by End-user
9.3.5.4 Japan Medical Equipment Calibration Services Market
9.3.5.4.1 Japan Medical Equipment Calibration Services Market by Service
9.3.5.4.2 Japan Medical Equipment Calibration Services Market by End-user
9.3.5.5 South Korea Medical Equipment Calibration Services Market
9.3.5.5.1 South Korea Medical Equipment Calibration Services Market by Service
9.3.5.5.2 South Korea Medical Equipment Calibration Services Market by End-user
9.3.5.6 Rest of Asia-Pacific Medical Equipment Calibration Services Market
9.3.5.6.1 Rest of Asia-Pacific Medical Equipment Calibration Services Market by Service
9.3.5.6.2 Rest of Asia-Pacific Medical Equipment Calibration Services Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Medical Equipment Calibration Services Market Overview
9.4.2 Middle East and Africa Medical Equipment Calibration Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Medical Equipment Calibration Services Market Forecasts and Analysis - By Service
9.4.4 Middle East and Africa Medical Equipment Calibration Services Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Medical Equipment Calibration Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Medical Equipment Calibration Services Market
9.4.5.1.1 South Africa Medical Equipment Calibration Services Market by Service
9.4.5.1.2 South Africa Medical Equipment Calibration Services Market by End-user
9.4.5.2 Saudi Arabia Medical Equipment Calibration Services Market
9.4.5.2.1 Saudi Arabia Medical Equipment Calibration Services Market by Service
9.4.5.2.2 Saudi Arabia Medical Equipment Calibration Services Market by End-user
9.4.5.3 U.A.E Medical Equipment Calibration Services Market
9.4.5.3.1 U.A.E Medical Equipment Calibration Services Market by Service
9.4.5.3.2 U.A.E Medical Equipment Calibration Services Market by End-user
9.4.5.4 Rest of Middle East and Africa Medical Equipment Calibration Services Market
9.4.5.4.1 Rest of Middle East and Africa Medical Equipment Calibration Services Market by Service
9.4.5.4.2 Rest of Middle East and Africa Medical Equipment Calibration Services Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Medical Equipment Calibration Services Market Overview
9.5.2 South and Central America Medical Equipment Calibration Services Market Forecasts and Analysis
9.5.3 South and Central America Medical Equipment Calibration Services Market Forecasts and Analysis - By Service
9.5.4 South and Central America Medical Equipment Calibration Services Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Medical Equipment Calibration Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Medical Equipment Calibration Services Market
9.5.5.1.1 Brazil Medical Equipment Calibration Services Market by Service
9.5.5.1.2 Brazil Medical Equipment Calibration Services Market by End-user
9.5.5.2 Argentina Medical Equipment Calibration Services Market
9.5.5.2.1 Argentina Medical Equipment Calibration Services Market by Service
9.5.5.2.2 Argentina Medical Equipment Calibration Services Market by End-user
9.5.5.3 Rest of South and Central America Medical Equipment Calibration Services Market
9.5.5.3.1 Rest of South and Central America Medical Equipment Calibration Services Market by Service
9.5.5.3.2 Rest of South and Central America Medical Equipment Calibration Services Market by End-user
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. MEDICAL EQUIPMENT CALIBRATION SERVICES MARKET, KEY COMPANY PROFILES
11.1. TEKTRONIX
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. NS MEDICAL SYSTEMS
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. FLUKE BIOMEDICAL
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. TRANSCAT, INC.
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. BIOMEDICAL TECHNOLOGIES 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. JM TEST SYSTEMS
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. JPEN MEDICAL
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. INDUSTRIAL CALIBRATION AND SERVICE CO. 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
11.9. TAG MEDICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MEDSERVE LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Tektronix
- NS Medical Systems
- Fluke Biomedical
- Transcat, Inc.
- Biomedical Technologies Inc.
- JM Test Systems
- JPen Medical
- Industrial Calibration and Service Co. Inc.
- TAG Medical
- Medserve Ltd
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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