Medical Imaging Equipment Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Medical Imaging is the technique and process that creates visual representations of the interior of a body for clinical analysis and medical intervention. It also establishes a database of normal anatomy and physiology to make it possible to identify abnormalities.
MARKET DYNAMICS
The Medical Imaging Equipment Services market is anticipated to grow in the forecast, owing to the factors such as technological upgrades, growing demand for medical imaging, medical tourism and an improved healthcare infra-structure. Nevertheless, reduced profit margin is expected to restrict the market growth during the forecast period.
MARKET SCOPE
The "Global Medical Imaging Equipment Services Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Medical Imaging Equipment Services market with detailed market segmentation by service type, service providers, modality, end-user and geography. The global Medical Imaging Equipment Services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Medical Imaging Equipment Services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Medical Imaging Equipment Services market is segmented on the basis of service type, service providers, modality and end-user. Based on service type the market is segmented into equipment removal & relocation, equipment repair & maintenance, refurbished systems, technical training and software upgrades. Based on service provider the market is segmented into Original Equipment Manufacturers (OEM) and Independent Service Organizations. Based on modality the market is segmented into Computed Tomography (CT), Magnetic Resonance Imaging (MRI), ultrasound, x-ray and others. Based on end user the market is segmented into hospitals, diagnostic centers and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Medical Imaging Equipment Services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Medical Imaging Equipment Services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Medical Imaging Equipment Services market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Medical Imaging Equipment Services market in these regions.
![World Geography](https://www.theinsightpartners.com/assets/rdimages/world-geography.png)
Have a question?
![Analyst](https://www.theinsightpartners.com/assets/mrinal_kerhalkar.jpg)
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Medical Imaging Equipment Services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Medical Imaging Equipment Services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Medical Imaging Equipment Services market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Medical Imaging Equipment Services market in these regions.
The reports cover key developments in the Medical Imaging Equipment 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 expansion of business and customer base of market players. The market payers from Medical Imaging Equipment Services market are anticipated to lucrative growth opportunities in the future with the rising demand for Medical Imaging Equipment Services market in the global market. Below mentioned is the list of few companies engaged in the Medical Imaging Equipment Services market.
The report also includes the profiles of Medical Imaging Equipment Services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Hitachi, Ltd
- Hologic, Inc
- Koninklijke Philips N.V
- General Electric Company
- Shimadzu Corporation
- Siemens Healthineers AG
- Canon Inc
- ONEX Corporation
- Universal Hospital Services, Inc
- Althea Group
- 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](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
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 Imaging Equipment Services Market - By Service Type
1.3.2 Medical Imaging Equipment Services Market - By Service Providers
1.3.3 Medical Imaging Equipment Services Market - By Modality
1.3.4 Medical Imaging Equipment Services Market - By End User
1.3.5 Medical Imaging Equipment Services Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL IMAGING EQUIPMENT 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 IMAGING EQUIPMENT 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MEDICAL IMAGING EQUIPMENT SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL IMAGING EQUIPMENT SERVICES - GLOBAL MARKET OVERVIEW
6.2. MEDICAL IMAGING EQUIPMENT SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL IMAGING EQUIPMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. EQUIPMENT REMOVAL AND RELOCATION
7.3.1. Overview
7.3.2. Equipment Removal And Relocation Market Forecast and Analysis
7.4. EQUIPMENT REPAIR AND MAINTENANCE
7.4.1. Overview
7.4.2. Equipment Repair And Maintenance Market Forecast and Analysis
7.5. REFURBISHED SYSTEMS
7.5.1. Overview
7.5.2. Refurbished Systems Market Forecast and Analysis
7.6. TECHNICAL TRAINING
7.6.1. Overview
7.6.2. Technical Training Market Forecast and Analysis
7.7. SOFTWARE UPGRADES.
7.7.1. Overview
7.7.2. Software Upgrades. Market Forecast and Analysis
8. MEDICAL IMAGING EQUIPMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE PROVIDERS
8.1. OVERVIEW
8.2. SERVICE PROVIDERS MARKET FORECASTS AND ANALYSIS
8.3. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
8.3.1. Overview
8.3.2. Original Equipment Manufacturers (OEM) Market Forecast and Analysis
8.4. INDEPENDENT SERVICE ORGANIZATIONS
8.4.1. Overview
8.4.2. Independent Service Organizations Market Forecast and Analysis
9. MEDICAL IMAGING EQUIPMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
9.1. OVERVIEW
9.2. MODALITY MARKET FORECASTS AND ANALYSIS
9.3. COMPUTED TOMOGRAPHY (CT)
9.3.1. Overview
9.3.2. Computed Tomography (CT) Market Forecast and Analysis
9.4. MAGNETIC RESONANCE IMAGING (MRI)
9.4.1. Overview
9.4.2. Magnetic Resonance Imaging (MRI) Market Forecast and Analysis
9.5. ULTRASOUND
9.5.1. Overview
9.5.2. Ultrasound Market Forecast and Analysis
9.6. X-RAY
9.6.1. Overview
9.6.2. X-Ray Market Forecast and Analysis
9.7. AND OTHERS.
9.7.1. Overview
9.7.2. And Others. Market Forecast and Analysis
10. MEDICAL IMAGING EQUIPMENT SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. DIAGNOSTIC CENTERS
10.4.1. Overview
10.4.2. Diagnostic Centers Market Forecast and Analysis
10.5. OTHERS.
10.5.1. Overview
10.5.2. Others. Market Forecast and Analysis
11. MEDICAL IMAGING EQUIPMENT SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Medical Imaging Equipment Services Market Overview
11.1.2 North America Medical Imaging Equipment Services Market Forecasts and Analysis
11.1.3 North America Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Type
11.1.4 North America Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Providers
11.1.5 North America Medical Imaging Equipment Services Market Forecasts and Analysis - By Modality
11.1.6 North America Medical Imaging Equipment Services Market Forecasts and Analysis - By End User
11.1.7 North America Medical Imaging Equipment Services Market Forecasts and Analysis - By Countries
11.1.7.1 United States Medical Imaging Equipment Services Market
11.1.7.1.1 United States Medical Imaging Equipment Services Market by Service Type
11.1.7.1.2 United States Medical Imaging Equipment Services Market by Service Providers
11.1.7.1.3 United States Medical Imaging Equipment Services Market by Modality
11.1.7.1.4 United States Medical Imaging Equipment Services Market by End User
11.1.7.2 Canada Medical Imaging Equipment Services Market
11.1.7.2.1 Canada Medical Imaging Equipment Services Market by Service Type
11.1.7.2.2 Canada Medical Imaging Equipment Services Market by Service Providers
11.1.7.2.3 Canada Medical Imaging Equipment Services Market by Modality
11.1.7.2.4 Canada Medical Imaging Equipment Services Market by End User
11.1.7.3 Mexico Medical Imaging Equipment Services Market
11.1.7.3.1 Mexico Medical Imaging Equipment Services Market by Service Type
11.1.7.3.2 Mexico Medical Imaging Equipment Services Market by Service Providers
11.1.7.3.3 Mexico Medical Imaging Equipment Services Market by Modality
11.1.7.3.4 Mexico Medical Imaging Equipment Services Market by End User
11.2. EUROPE
11.2.1 Europe Medical Imaging Equipment Services Market Overview
11.2.2 Europe Medical Imaging Equipment Services Market Forecasts and Analysis
11.2.3 Europe Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Type
11.2.4 Europe Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Providers
11.2.5 Europe Medical Imaging Equipment Services Market Forecasts and Analysis - By Modality
11.2.6 Europe Medical Imaging Equipment Services Market Forecasts and Analysis - By End User
11.2.7 Europe Medical Imaging Equipment Services Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Medical Imaging Equipment Services Market
11.2.7.1.1 Germany Medical Imaging Equipment Services Market by Service Type
11.2.7.1.2 Germany Medical Imaging Equipment Services Market by Service Providers
11.2.7.1.3 Germany Medical Imaging Equipment Services Market by Modality
11.2.7.1.4 Germany Medical Imaging Equipment Services Market by End User
11.2.7.2 France Medical Imaging Equipment Services Market
11.2.7.2.1 France Medical Imaging Equipment Services Market by Service Type
11.2.7.2.2 France Medical Imaging Equipment Services Market by Service Providers
11.2.7.2.3 France Medical Imaging Equipment Services Market by Modality
11.2.7.2.4 France Medical Imaging Equipment Services Market by End User
11.2.7.3 Italy Medical Imaging Equipment Services Market
11.2.7.3.1 Italy Medical Imaging Equipment Services Market by Service Type
11.2.7.3.2 Italy Medical Imaging Equipment Services Market by Service Providers
11.2.7.3.3 Italy Medical Imaging Equipment Services Market by Modality
11.2.7.3.4 Italy Medical Imaging Equipment Services Market by End User
11.2.7.4 Spain Medical Imaging Equipment Services Market
11.2.7.4.1 Spain Medical Imaging Equipment Services Market by Service Type
11.2.7.4.2 Spain Medical Imaging Equipment Services Market by Service Providers
11.2.7.4.3 Spain Medical Imaging Equipment Services Market by Modality
11.2.7.4.4 Spain Medical Imaging Equipment Services Market by End User
11.2.7.5 United Kingdom Medical Imaging Equipment Services Market
11.2.7.5.1 United Kingdom Medical Imaging Equipment Services Market by Service Type
11.2.7.5.2 United Kingdom Medical Imaging Equipment Services Market by Service Providers
11.2.7.5.3 United Kingdom Medical Imaging Equipment Services Market by Modality
11.2.7.5.4 United Kingdom Medical Imaging Equipment Services Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Medical Imaging Equipment Services Market Overview
11.3.2 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis
11.3.3 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Type
11.3.4 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Providers
11.3.5 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis - By Modality
11.3.6 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Medical Imaging Equipment Services Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Medical Imaging Equipment Services Market
11.3.7.1.1 Australia Medical Imaging Equipment Services Market by Service Type
11.3.7.1.2 Australia Medical Imaging Equipment Services Market by Service Providers
11.3.7.1.3 Australia Medical Imaging Equipment Services Market by Modality
11.3.7.1.4 Australia Medical Imaging Equipment Services Market by End User
11.3.7.2 China Medical Imaging Equipment Services Market
11.3.7.2.1 China Medical Imaging Equipment Services Market by Service Type
11.3.7.2.2 China Medical Imaging Equipment Services Market by Service Providers
11.3.7.2.3 China Medical Imaging Equipment Services Market by Modality
11.3.7.2.4 China Medical Imaging Equipment Services Market by End User
11.3.7.3 India Medical Imaging Equipment Services Market
11.3.7.3.1 India Medical Imaging Equipment Services Market by Service Type
11.3.7.3.2 India Medical Imaging Equipment Services Market by Service Providers
11.3.7.3.3 India Medical Imaging Equipment Services Market by Modality
11.3.7.3.4 India Medical Imaging Equipment Services Market by End User
11.3.7.4 Japan Medical Imaging Equipment Services Market
11.3.7.4.1 Japan Medical Imaging Equipment Services Market by Service Type
11.3.7.4.2 Japan Medical Imaging Equipment Services Market by Service Providers
11.3.7.4.3 Japan Medical Imaging Equipment Services Market by Modality
11.3.7.4.4 Japan Medical Imaging Equipment Services Market by End User
11.3.7.5 South Korea Medical Imaging Equipment Services Market
11.3.7.5.1 South Korea Medical Imaging Equipment Services Market by Service Type
11.3.7.5.2 South Korea Medical Imaging Equipment Services Market by Service Providers
11.3.7.5.3 South Korea Medical Imaging Equipment Services Market by Modality
11.3.7.5.4 South Korea Medical Imaging Equipment Services Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Medical Imaging Equipment Services Market Overview
11.4.2 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis
11.4.3 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Type
11.4.4 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Providers
11.4.5 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis - By Modality
11.4.6 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Medical Imaging Equipment Services Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Medical Imaging Equipment Services Market
11.4.7.1.1 South Africa Medical Imaging Equipment Services Market by Service Type
11.4.7.1.2 South Africa Medical Imaging Equipment Services Market by Service Providers
11.4.7.1.3 South Africa Medical Imaging Equipment Services Market by Modality
11.4.7.1.4 South Africa Medical Imaging Equipment Services Market by End User
11.4.7.2 Saudi Arabia Medical Imaging Equipment Services Market
11.4.7.2.1 Saudi Arabia Medical Imaging Equipment Services Market by Service Type
11.4.7.2.2 Saudi Arabia Medical Imaging Equipment Services Market by Service Providers
11.4.7.2.3 Saudi Arabia Medical Imaging Equipment Services Market by Modality
11.4.7.2.4 Saudi Arabia Medical Imaging Equipment Services Market by End User
11.4.7.3 U.A.E Medical Imaging Equipment Services Market
11.4.7.3.1 U.A.E Medical Imaging Equipment Services Market by Service Type
11.4.7.3.2 U.A.E Medical Imaging Equipment Services Market by Service Providers
11.4.7.3.3 U.A.E Medical Imaging Equipment Services Market by Modality
11.4.7.3.4 U.A.E Medical Imaging Equipment Services Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Medical Imaging Equipment Services Market Overview
11.5.2 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis
11.5.3 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Type
11.5.4 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis - By Service Providers
11.5.5 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis - By Modality
11.5.6 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis - By End User
11.5.7 South and Central America Medical Imaging Equipment Services Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Medical Imaging Equipment Services Market
11.5.7.1.1 Brazil Medical Imaging Equipment Services Market by Service Type
11.5.7.1.2 Brazil Medical Imaging Equipment Services Market by Service Providers
11.5.7.1.3 Brazil Medical Imaging Equipment Services Market by Modality
11.5.7.1.4 Brazil Medical Imaging Equipment Services Market by End User
11.5.7.2 Argentina Medical Imaging Equipment Services Market
11.5.7.2.1 Argentina Medical Imaging Equipment Services Market by Service Type
11.5.7.2.2 Argentina Medical Imaging Equipment Services Market by Service Providers
11.5.7.2.3 Argentina Medical Imaging Equipment Services Market by Modality
11.5.7.2.4 Argentina Medical Imaging Equipment Services Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MEDICAL IMAGING EQUIPMENT SERVICES MARKET, KEY COMPANY PROFILES
13.1. HITACHI, LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. HOLOGIC, INC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. KONINKLIJKE PHILIPS N.V
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GENERAL ELECTRIC COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. SHIMADZU CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SIEMENS HEALTHINEERS AG
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. CANON INC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ONEX CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. UNIVERSAL HOSPITAL SERVICES, INC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ALTHEA GROUP
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF
- Hitachi, Ltd
- Hologic, Inc
- Koninklijke Philips N.V
- General Electric Company
- Shimadzu Corporation
- Siemens Healthineers AG
- Canon Inc
- ONEX Corporation
- Universal Hospital Services, Inc
- Althea Group
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.