Medical Operating Table Market Insights and Updates by 2031
The Medical Operating Table Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (General Operating Table, Specialty Operating Table); Technology (Non-Powered Operating Table, Powered Operating Table); End User (Hospitals, Ambulatory Surgical Centers, Others) . The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Medical Operating Table 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.
Medical Operating Table Market Segmentation
Product Type- General Operating Table
- Specialty Operating Table
- Non-Powered Operating Table
- Powered Operating Table
- Hospitals
- Ambulatory Surgical Centers
- Others
Strategic Insights
Medical Operating Table Market Growth Drivers- Rising Surgical Procedures and Healthcare Needs: The rise in number of surgical procedures performed on patients all over the world, is also the main motivator for the medical operating table market. Due to the increasing incidences of chronic conditions, increase in the aged population, and improvement of ailments surgical procedures, enhanced operating tables are needed in hospitals and surgical centers. Such tables are necessary in aiding a number of specialized surgeries, thus creating demand in healthcare facilities.
- Technological Advancements in Operating Tables: The introduction of features in medical operating tables like motorized bases, easy to reach handholds and built-in screens or leads elevates the growth of the market. Current surgery table design speaks volumes on the adjustments made towards comfort, accuracy and in patient support therefore enhanced efficiency in surgical procedures. Operating tables are also advancing in design for each surgical specialty which is why their demand is on the rise.
- Expansion of Healthcare Infrastructure in Emerging Markets: The development of health care buildings and provision of services in developing countries, is another important factor for the growth of the medical operating table market. With the growth of hospitals and surgical centers in Asia Pacific, Latin America and Middle East there is also high demand for medical equipment including operating tables. Inclusion of the healthcare services in these regions creates avenues for growth of the market.
- Shift Toward Electromechanical and Powered Tables: One more interesting insight from the medical operating room table industry is the replacement of conventional tables with operated electromechanical and powered tables. These tables come with sophisticated options like electronic height adjustment, tilting, and positioning that improves surgical efficacy and minimizes the physical effort of medical personnel. This means powered operating tables are gaining popularity with complex surgeries as the hospitals are concerned with efficiency and comfort.
- Increasing Adoption of Modular and Multifunctional Tables: There is an upsurge in the demand for modular and multifunctional medical operating tables. Such tables also fit every configuration concerning the flexibility of the surgical procedures for instance orthopedic cardiac surgical procedures or neurosurgical surgical operation. The use of modular designs that can easily fit different procedures encourages their use in the contemporary surgical rooms.
- Integration of Digital Technologies and Imaging Systems: There is also a new approach of digital technology in operating medical tables including imaging systems and real-time data connection. These intelligent tables have possibilities of being connected to other diagnosis methods like X-ray, MRI Pending Systems enabling real time information flow during operations. It increases accuracy, enhances results and more so encourages the minimally invasive surgery trend causing a change in the design of the modern operating tables to more interactive, smart.
- Growth in Ambulatory Surgery Centers (ASCs): The emergence and expansion of the ambulatory surgery centers (ASCs) presents a crucial chance for the medical operating table market. These are facilities that provide a plethora of outpatient surgical procedures and such facilities need efficient and affordable operating tables that can serve multiple purposes. Since the popularity of same-day surgeries in ASCs is escalating, the number of operating tables designed specifically for this encore will certainly skyrocket.
- Advancements in Robotic-Assisted Surgery: The increasing trends in using robotic-assisted surgery provide a great opportunity for the growth of the target operating table market. Tables for robotic surgeries must be able to provide a very high degree of stability and flexibility together with the robotic systems. Since the incorporation of robotic technology in surgical procedures is growing in different spheres and more fields such as urology, orthopedics, and neurosurgery, operating tables that can accommodate them will also go up.
- Increasing Demand for Patient-Centric Designs: There is a scope for improvement of operating tables by developing additional features, which enhance patients comfort and safety. Features designed to improve ergonomics, positioning and patient support are becoming popular especially during long and complex procedures involving a patient in a fixed position. As the focus shifts in healthcare to the better outcome and experience of patients, most hospitals are seeking for those operating tables with those patient oriented designs.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Operating Table 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 Medical Operating Table 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
The general operating table machine segment accounts for highest revenue in product type segment in 2023
AGA Sanitatsartikel GmbH, Hill-Rom Holdings, Inc., Elekta AB, ALVO Medical, Mizuho Corporation, Merivaara Oy, STERIS, Skytron Inc., Getinge AB, Denyers International are some of the major market players operating in the market
Asia Pacific region dominated the medical operating table market in 2023
North America region dominated the medical operating table market in 2023
The Medical Operating Table Market is estimated to witness a CAGR of 5.7% from 2023 to 2031
The major factors driving the medical operating table market are:
1.Rising Surgical Procedures and Healthcare Needs
2.Technological Advancements in Operating Tables
3. Expansion of Healthcare Infrastructure in Emerging Markets
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Operating Table Market - By Product Type
1.3.2 Medical Operating Table Market - By Technology
1.3.3 Medical Operating Table Market - By End User
1.3.4 Medical Operating Table Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL OPERATING TABLE 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 OPERATING TABLE 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 OPERATING TABLE MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL OPERATING TABLE - GLOBAL MARKET OVERVIEW
6.2. MEDICAL OPERATING TABLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL OPERATING TABLE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENERAL OPERATING TABLE
7.3.1. Overview
7.3.2. General Operating Table Market Forecast and Analysis
7.4. SPECIALTY OPERATING TABLE
7.4.1. Overview
7.4.2. Specialty Operating Table Market Forecast and Analysis
8. MEDICAL OPERATING TABLE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. NON-POWERED OPERATING TABLE
8.3.1. Overview
8.3.2. Non-Powered Operating Table Market Forecast and Analysis
8.4. POWERED OPERATING TABLE
8.4.1. Overview
8.4.2. Powered Operating Table Market Forecast and Analysis
9. MEDICAL OPERATING TABLE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. AMBULATORY SURGICAL CENTERS
9.4.1. Overview
9.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. MEDICAL OPERATING TABLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Operating Table Market Overview
10.1.2 North America Medical Operating Table Market Forecasts and Analysis
10.1.3 North America Medical Operating Table Market Forecasts and Analysis - By Product Type
10.1.4 North America Medical Operating Table Market Forecasts and Analysis - By Technology
10.1.5 North America Medical Operating Table Market Forecasts and Analysis - By End User
10.1.6 North America Medical Operating Table Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Medical Operating Table Market
10.1.6.1.1 Canada Medical Operating Table Market by Product Type
10.1.6.1.2 Canada Medical Operating Table Market by Technology
10.1.6.1.3 Canada Medical Operating Table Market by End User
10.1.6.2 Mexico Medical Operating Table Market
10.1.6.2.1 Mexico Medical Operating Table Market by Product Type
10.1.6.2.2 Mexico Medical Operating Table Market by Technology
10.1.6.2.3 Mexico Medical Operating Table Market by End User
10.1.6.3 US Medical Operating Table Market
10.1.6.3.1 US Medical Operating Table Market by Product Type
10.1.6.3.2 US Medical Operating Table Market by Technology
10.1.6.3.3 US Medical Operating Table Market by End User
10.2. EUROPE
10.2.1 Europe Medical Operating Table Market Overview
10.2.2 Europe Medical Operating Table Market Forecasts and Analysis
10.2.3 Europe Medical Operating Table Market Forecasts and Analysis - By Product Type
10.2.4 Europe Medical Operating Table Market Forecasts and Analysis - By Technology
10.2.5 Europe Medical Operating Table Market Forecasts and Analysis - By End User
10.2.6 Europe Medical Operating Table Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Operating Table Market
10.2.6.1.1 Germany Medical Operating Table Market by Product Type
10.2.6.1.2 Germany Medical Operating Table Market by Technology
10.2.6.1.3 Germany Medical Operating Table Market by End User
10.2.6.2 France Medical Operating Table Market
10.2.6.2.1 France Medical Operating Table Market by Product Type
10.2.6.2.2 France Medical Operating Table Market by Technology
10.2.6.2.3 France Medical Operating Table Market by End User
10.2.6.3 Italy Medical Operating Table Market
10.2.6.3.1 Italy Medical Operating Table Market by Product Type
10.2.6.3.2 Italy Medical Operating Table Market by Technology
10.2.6.3.3 Italy Medical Operating Table Market by End User
10.2.6.4 Spain Medical Operating Table Market
10.2.6.4.1 Spain Medical Operating Table Market by Product Type
10.2.6.4.2 Spain Medical Operating Table Market by Technology
10.2.6.4.3 Spain Medical Operating Table Market by End User
10.2.6.5 United Kingdom Medical Operating Table Market
10.2.6.5.1 United Kingdom Medical Operating Table Market by Product Type
10.2.6.5.2 United Kingdom Medical Operating Table Market by Technology
10.2.6.5.3 United Kingdom Medical Operating Table Market by End User
10.2.6.6 Rest of Europe Medical Operating Table Market
10.2.6.6.1 Rest of Europe Medical Operating Table Market by Product Type
10.2.6.6.2 Rest of Europe Medical Operating Table Market by Technology
10.2.6.6.3 Rest of Europe Medical Operating Table Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Operating Table Market Overview
10.3.2 Asia-Pacific Medical Operating Table Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Operating Table Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Medical Operating Table Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Medical Operating Table Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Medical Operating Table Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Operating Table Market
10.3.6.1.1 Australia Medical Operating Table Market by Product Type
10.3.6.1.2 Australia Medical Operating Table Market by Technology
10.3.6.1.3 Australia Medical Operating Table Market by End User
10.3.6.2 China Medical Operating Table Market
10.3.6.2.1 China Medical Operating Table Market by Product Type
10.3.6.2.2 China Medical Operating Table Market by Technology
10.3.6.2.3 China Medical Operating Table Market by End User
10.3.6.3 India Medical Operating Table Market
10.3.6.3.1 India Medical Operating Table Market by Product Type
10.3.6.3.2 India Medical Operating Table Market by Technology
10.3.6.3.3 India Medical Operating Table Market by End User
10.3.6.4 Japan Medical Operating Table Market
10.3.6.4.1 Japan Medical Operating Table Market by Product Type
10.3.6.4.2 Japan Medical Operating Table Market by Technology
10.3.6.4.3 Japan Medical Operating Table Market by End User
10.3.6.5 South Korea Medical Operating Table Market
10.3.6.5.1 South Korea Medical Operating Table Market by Product Type
10.3.6.5.2 South Korea Medical Operating Table Market by Technology
10.3.6.5.3 South Korea Medical Operating Table Market by End User
10.3.6.6 Rest of Asia-Pacific Medical Operating Table Market
10.3.6.6.1 Rest of Asia-Pacific Medical Operating Table Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Medical Operating Table Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Medical Operating Table Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Operating Table Market Overview
10.4.2 Middle East and Africa Medical Operating Table Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Operating Table Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Medical Operating Table Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Medical Operating Table Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Medical Operating Table Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Operating Table Market
10.4.6.1.1 South Africa Medical Operating Table Market by Product Type
10.4.6.1.2 South Africa Medical Operating Table Market by Technology
10.4.6.1.3 South Africa Medical Operating Table Market by End User
10.4.6.2 Saudi Arabia Medical Operating Table Market
10.4.6.2.1 Saudi Arabia Medical Operating Table Market by Product Type
10.4.6.2.2 Saudi Arabia Medical Operating Table Market by Technology
10.4.6.2.3 Saudi Arabia Medical Operating Table Market by End User
10.4.6.3 U.A.E Medical Operating Table Market
10.4.6.3.1 U.A.E Medical Operating Table Market by Product Type
10.4.6.3.2 U.A.E Medical Operating Table Market by Technology
10.4.6.3.3 U.A.E Medical Operating Table Market by End User
10.4.6.4 Rest of Middle East and Africa Medical Operating Table Market
10.4.6.4.1 Rest of Middle East and Africa Medical Operating Table Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Medical Operating Table Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Medical Operating Table Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Operating Table Market Overview
10.5.2 South and Central America Medical Operating Table Market Forecasts and Analysis
10.5.3 South and Central America Medical Operating Table Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Medical Operating Table Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Medical Operating Table Market Forecasts and Analysis - By End User
10.5.6 South and Central America Medical Operating Table Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Operating Table Market
10.5.6.1.1 Brazil Medical Operating Table Market by Product Type
10.5.6.1.2 Brazil Medical Operating Table Market by Technology
10.5.6.1.3 Brazil Medical Operating Table Market by End User
10.5.6.2 Argentina Medical Operating Table Market
10.5.6.2.1 Argentina Medical Operating Table Market by Product Type
10.5.6.2.2 Argentina Medical Operating Table Market by Technology
10.5.6.2.3 Argentina Medical Operating Table Market by End User
10.5.6.3 Rest of South and Central America Medical Operating Table Market
10.5.6.3.1 Rest of South and Central America Medical Operating Table Market by Product Type
10.5.6.3.2 Rest of South and Central America Medical Operating Table Market by Technology
10.5.6.3.3 Rest of South and Central America Medical Operating Table Market by End User
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. MEDICAL OPERATING TABLE MARKET, KEY COMPANY PROFILES
12.1. AGA SANITATSARTIKEL GMBH
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. HILL-ROM HOLDINGS, INC.
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. ELEKTA AB
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. ALVO MEDICAL
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. MIZUHO CORPORATION
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. MERIVAARA OY
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. STERIS
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. SKYTRON INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. GETINGE AB
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. DENYERS INTERNATIONAL
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.AGA Sanitatsartikel GmbH
2.Hill-Rom Holdings, Inc.
3.Elekta AB
4.ALVO Medical
5.Mizuho Corporation
6.Merivaara Oy
7.STERIS
8.Skytron Inc.
9.Getinge AB
10.Denyers International
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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