mhealth Solutions Market Opportunities 2031
mHealth stands for mobile health, which means the practice of medicine and public health aid by mobile devices and other wireless infrastructure. mHealth solutions refer to the technology utilized for providing healthcare services. It includes consultations through smartphones, patient data collection, and helping healthcare providers to work systematically and effectively. mHealth allows to educate the consumers, provides remote monitoring, diagnostic and treatment support, and other services. The data can be managed, stored, and assessed through the device itself.
MARKET SCOPE
The "Global mHealth Solutions 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 mhealth solutions market with detailed market segmentation by connected devices, application, services and geography. The report provides key statistics on the market status of the leading mhealth solutions market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on connected devices, the global mhealth solutions market is segmented into glucose and blood pressure monitor, peak flow meter, pulse oximeter, neurological monitors, and other connected medical devices.
- On the basis of application, the market is bifurcated into weight loss, women health, diabetes management, mental health,chronic disease management apps, diagnostic apps, and others.
- On the basis of services, the market is bifurcated into remote monitoring, consultation, diagnosis services, treatment services, fitness & wellness services, and prevention services.
MARKET DYNAMICS
Drivers
- The growing prevalence of lifestyle disorders, chronic diseases, growing penetration of tablet, smartphone users, internet connectivity, and increasing demand for healthcare information systems are the factors driving the growth of the mHealth solutions market.
- The growing demand for remote patient monitoring services, the robust influence of 3G and 4G networks for flowing healthcare services are estimated to boost the market growth in the future.
- Growing usage of connected devices, cost efficiency in healthcare delivery, growing concentration on patient-centric healthcare delivery, supportive government initiatives, and increasing funding for the mHealth startups propel the growth of the mHealth solutions market.
- Advanced healthcare IT infrastructure in developing countries, increasing investments in digital health sectors, and the launch of innovative technologies are the factors favoring the market growth.
Restraints
- Lack of favorable reimbursement policies and standardization.
- Limited integration with mHealth solutions among physicians.
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 mhealth solutions 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 mhealth solutions market in these regions.
IMPACT OF COVID-19 ON mHEALTH SOLUTIONS 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 has been affecting economies and industries in various countries due to lockdowns and business shutdowns. mhealth had been used for various aims such as early detection, fast screening, patient monitoring, and mobile telemedicine during the COVID-19 outbreak. The applications were often used along with wearables and portable screening devices during the coronavirus pandemics. The m-health technologies had a positive role during the pandemic. Mobile health solutions and telehealth have emerged as essential components of healthcare that offer accessible and cost-effective answers in order to enhance public health as they allow healthcare professionals to address patients' needs remotely and reduce the burden on the hospital systems. mHealth technologies such as wearable sensors and mobile apps were utilized to their maximum potential, which helps to monitor COVID-19 patients and suspected cases, served as a great path to lessen the effects of the pandemic, which is particularly important for vulnerable populations such as the elderly and patients with pre-existing conditions. Hence, overall mobile-based systems for self-care and patient tracking increased, and the market witnessed a surged demand during the situation and continue to grow substantially in the forecast period.
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- 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 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 mhealth solutions 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 mhealth solutions market in these regions.
IMPACT OF COVID-19 ON mHEALTH SOLUTIONS 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 has been affecting economies and industries in various countries due to lockdowns and business shutdowns. mhealth had been used for various aims such as early detection, fast screening, patient monitoring, and mobile telemedicine during the COVID-19 outbreak. The applications were often used along with wearables and portable screening devices during the coronavirus pandemics. The m-health technologies had a positive role during the pandemic. Mobile health solutions and telehealth have emerged as essential components of healthcare that offer accessible and cost-effective answers in order to enhance public health as they allow healthcare professionals to address patients' needs remotely and reduce the burden on the hospital systems. mHealth technologies such as wearable sensors and mobile apps were utilized to their maximum potential, which helps to monitor COVID-19 patients and suspected cases, served as a great path to lessen the effects of the pandemic, which is particularly important for vulnerable populations such as the elderly and patients with pre-existing conditions. Hence, overall mobile-based systems for self-care and patient tracking increased, and the market witnessed a surged demand during the situation and continue to grow substantially in the forecast period.
MARKET PLAYERS
The report covers key developments in the mhealth solutions 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 mhealth solutions market are anticipated to have lucrative growth opportunities in the future with the rising demand for mhealth solutions in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mhealth solutions 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.
- AT&T Intellectual Property
- Apple Inc.
- Qualcomm Technologies, Inc.
- iHealth Labs Inc.
- Koninklijke Philips N.V
- ZTE Corporation
- Zebra Technologies Corp.
- Johnson & Johnson Services, Inc.
- BioTelemetry, Inc.
- Athenahealth
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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 Mhealth Solutions Market - By Connected Devices
1.3.2 Mhealth Solutions Market - By Application
1.3.3 Mhealth Solutions Market - By Services
1.3.4 Mhealth Solutions Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MHEALTH SOLUTIONS 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. MHEALTH SOLUTIONS 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. MHEALTH SOLUTIONS MARKET - GLOBAL MARKET ANALYSIS
6.1. MHEALTH SOLUTIONS - GLOBAL MARKET OVERVIEW
6.2. MHEALTH SOLUTIONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MHEALTH SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTED DEVICES
7.1. OVERVIEW
7.2. CONNECTED DEVICES MARKET FORECASTS AND ANALYSIS
7.3. GLUCOSE AND BLOOD PRESSURE MONITOR
7.3.1. Overview
7.3.2. Glucose and Blood Pressure Monitor Market Forecast and Analysis
7.4. PEAK FLOW METER
7.4.1. Overview
7.4.2. Peak Flow Meter Market Forecast and Analysis
7.5. PULSE OXIMETER
7.5.1. Overview
7.5.2. Pulse Oximeter Market Forecast and Analysis
7.6. NEUROLOGICAL MONITORS
7.6.1. Overview
7.6.2. Neurological Monitors Market Forecast and Analysis
7.7. OTHER CONNECTED MEDICAL DEVICES
7.7.1. Overview
7.7.2. Other Connected Medical Devices Market Forecast and Analysis
8. MHEALTH SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WEIGHT LOSS
8.3.1. Overview
8.3.2. Weight Loss Market Forecast and Analysis
8.4. WOMEN HEALTH
8.4.1. Overview
8.4.2. Women Health Market Forecast and Analysis
8.5. DIABETES MANAGEMENT
8.5.1. Overview
8.5.2. Diabetes Management Market Forecast and Analysis
8.6. MENTAL HEALTH
8.6.1. Overview
8.6.2. Mental Health Market Forecast and Analysis
8.7. CHRONIC DISEASE MANAGEMENT APPS
8.7.1. Overview
8.7.2. Chronic Disease Management Apps Market Forecast and Analysis
8.8. DIAGNOSTIC APPS
8.8.1. Overview
8.8.2. Diagnostic Apps Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. MHEALTH SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
9.1. OVERVIEW
9.2. SERVICES MARKET FORECASTS AND ANALYSIS
9.3. REMOTE MONITORING
9.3.1. Overview
9.3.2. Remote Monitoring Market Forecast and Analysis
9.4. CONSULTATION
9.4.1. Overview
9.4.2. Consultation Market Forecast and Analysis
9.5. DIAGNOSIS SERVICES
9.5.1. Overview
9.5.2. Diagnosis Services Market Forecast and Analysis
9.6. TREATMENT SERVICES
9.6.1. Overview
9.6.2. Treatment Services Market Forecast and Analysis
9.7. FITNESS AND WELLNESS SERVICES
9.7.1. Overview
9.7.2. Fitness and Wellness Services Market Forecast and Analysis
9.8. PREVENTION SERVICES.
9.8.1. Overview
9.8.2. Prevention Services. Market Forecast and Analysis
10. MHEALTH SOLUTIONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mhealth Solutions Market Overview
10.1.2 North America Mhealth Solutions Market Forecasts and Analysis
10.1.3 North America Mhealth Solutions Market Forecasts and Analysis - By Connected Devices
10.1.4 North America Mhealth Solutions Market Forecasts and Analysis - By Application
10.1.5 North America Mhealth Solutions Market Forecasts and Analysis - By Services
10.1.6 North America Mhealth Solutions Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Mhealth Solutions Market
10.1.6.1.1 Canada Mhealth Solutions Market by Connected Devices
10.1.6.1.2 Canada Mhealth Solutions Market by Application
10.1.6.1.3 Canada Mhealth Solutions Market by Services
10.1.6.2 Mexico Mhealth Solutions Market
10.1.6.2.1 Mexico Mhealth Solutions Market by Connected Devices
10.1.6.2.2 Mexico Mhealth Solutions Market by Application
10.1.6.2.3 Mexico Mhealth Solutions Market by Services
10.1.6.3 US Mhealth Solutions Market
10.1.6.3.1 US Mhealth Solutions Market by Connected Devices
10.1.6.3.2 US Mhealth Solutions Market by Application
10.1.6.3.3 US Mhealth Solutions Market by Services
10.2. EUROPE
10.2.1 Europe Mhealth Solutions Market Overview
10.2.2 Europe Mhealth Solutions Market Forecasts and Analysis
10.2.3 Europe Mhealth Solutions Market Forecasts and Analysis - By Connected Devices
10.2.4 Europe Mhealth Solutions Market Forecasts and Analysis - By Application
10.2.5 Europe Mhealth Solutions Market Forecasts and Analysis - By Services
10.2.6 Europe Mhealth Solutions Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Mhealth Solutions Market
10.2.6.1.1 Germany Mhealth Solutions Market by Connected Devices
10.2.6.1.2 Germany Mhealth Solutions Market by Application
10.2.6.1.3 Germany Mhealth Solutions Market by Services
10.2.6.2 France Mhealth Solutions Market
10.2.6.2.1 France Mhealth Solutions Market by Connected Devices
10.2.6.2.2 France Mhealth Solutions Market by Application
10.2.6.2.3 France Mhealth Solutions Market by Services
10.2.6.3 Italy Mhealth Solutions Market
10.2.6.3.1 Italy Mhealth Solutions Market by Connected Devices
10.2.6.3.2 Italy Mhealth Solutions Market by Application
10.2.6.3.3 Italy Mhealth Solutions Market by Services
10.2.6.4 Spain Mhealth Solutions Market
10.2.6.4.1 Spain Mhealth Solutions Market by Connected Devices
10.2.6.4.2 Spain Mhealth Solutions Market by Application
10.2.6.4.3 Spain Mhealth Solutions Market by Services
10.2.6.5 United Kingdom Mhealth Solutions Market
10.2.6.5.1 United Kingdom Mhealth Solutions Market by Connected Devices
10.2.6.5.2 United Kingdom Mhealth Solutions Market by Application
10.2.6.5.3 United Kingdom Mhealth Solutions Market by Services
10.2.6.6 Rest of Europe Mhealth Solutions Market
10.2.6.6.1 Rest of Europe Mhealth Solutions Market by Connected Devices
10.2.6.6.2 Rest of Europe Mhealth Solutions Market by Application
10.2.6.6.3 Rest of Europe Mhealth Solutions Market by Services
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mhealth Solutions Market Overview
10.3.2 Asia-Pacific Mhealth Solutions Market Forecasts and Analysis
10.3.3 Asia-Pacific Mhealth Solutions Market Forecasts and Analysis - By Connected Devices
10.3.4 Asia-Pacific Mhealth Solutions Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Mhealth Solutions Market Forecasts and Analysis - By Services
10.3.6 Asia-Pacific Mhealth Solutions Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Mhealth Solutions Market
10.3.6.1.1 Australia Mhealth Solutions Market by Connected Devices
10.3.6.1.2 Australia Mhealth Solutions Market by Application
10.3.6.1.3 Australia Mhealth Solutions Market by Services
10.3.6.2 China Mhealth Solutions Market
10.3.6.2.1 China Mhealth Solutions Market by Connected Devices
10.3.6.2.2 China Mhealth Solutions Market by Application
10.3.6.2.3 China Mhealth Solutions Market by Services
10.3.6.3 India Mhealth Solutions Market
10.3.6.3.1 India Mhealth Solutions Market by Connected Devices
10.3.6.3.2 India Mhealth Solutions Market by Application
10.3.6.3.3 India Mhealth Solutions Market by Services
10.3.6.4 Japan Mhealth Solutions Market
10.3.6.4.1 Japan Mhealth Solutions Market by Connected Devices
10.3.6.4.2 Japan Mhealth Solutions Market by Application
10.3.6.4.3 Japan Mhealth Solutions Market by Services
10.3.6.5 South Korea Mhealth Solutions Market
10.3.6.5.1 South Korea Mhealth Solutions Market by Connected Devices
10.3.6.5.2 South Korea Mhealth Solutions Market by Application
10.3.6.5.3 South Korea Mhealth Solutions Market by Services
10.3.6.6 Rest of Asia-Pacific Mhealth Solutions Market
10.3.6.6.1 Rest of Asia-Pacific Mhealth Solutions Market by Connected Devices
10.3.6.6.2 Rest of Asia-Pacific Mhealth Solutions Market by Application
10.3.6.6.3 Rest of Asia-Pacific Mhealth Solutions Market by Services
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mhealth Solutions Market Overview
10.4.2 Middle East and Africa Mhealth Solutions Market Forecasts and Analysis
10.4.3 Middle East and Africa Mhealth Solutions Market Forecasts and Analysis - By Connected Devices
10.4.4 Middle East and Africa Mhealth Solutions Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Mhealth Solutions Market Forecasts and Analysis - By Services
10.4.6 Middle East and Africa Mhealth Solutions Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Mhealth Solutions Market
10.4.6.1.1 South Africa Mhealth Solutions Market by Connected Devices
10.4.6.1.2 South Africa Mhealth Solutions Market by Application
10.4.6.1.3 South Africa Mhealth Solutions Market by Services
10.4.6.2 Saudi Arabia Mhealth Solutions Market
10.4.6.2.1 Saudi Arabia Mhealth Solutions Market by Connected Devices
10.4.6.2.2 Saudi Arabia Mhealth Solutions Market by Application
10.4.6.2.3 Saudi Arabia Mhealth Solutions Market by Services
10.4.6.3 U.A.E Mhealth Solutions Market
10.4.6.3.1 U.A.E Mhealth Solutions Market by Connected Devices
10.4.6.3.2 U.A.E Mhealth Solutions Market by Application
10.4.6.3.3 U.A.E Mhealth Solutions Market by Services
10.4.6.4 Rest of Middle East and Africa Mhealth Solutions Market
10.4.6.4.1 Rest of Middle East and Africa Mhealth Solutions Market by Connected Devices
10.4.6.4.2 Rest of Middle East and Africa Mhealth Solutions Market by Application
10.4.6.4.3 Rest of Middle East and Africa Mhealth Solutions Market by Services
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mhealth Solutions Market Overview
10.5.2 South and Central America Mhealth Solutions Market Forecasts and Analysis
10.5.3 South and Central America Mhealth Solutions Market Forecasts and Analysis - By Connected Devices
10.5.4 South and Central America Mhealth Solutions Market Forecasts and Analysis - By Application
10.5.5 South and Central America Mhealth Solutions Market Forecasts and Analysis - By Services
10.5.6 South and Central America Mhealth Solutions Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Mhealth Solutions Market
10.5.6.1.1 Brazil Mhealth Solutions Market by Connected Devices
10.5.6.1.2 Brazil Mhealth Solutions Market by Application
10.5.6.1.3 Brazil Mhealth Solutions Market by Services
10.5.6.2 Argentina Mhealth Solutions Market
10.5.6.2.1 Argentina Mhealth Solutions Market by Connected Devices
10.5.6.2.2 Argentina Mhealth Solutions Market by Application
10.5.6.2.3 Argentina Mhealth Solutions Market by Services
10.5.6.3 Rest of South and Central America Mhealth Solutions Market
10.5.6.3.1 Rest of South and Central America Mhealth Solutions Market by Connected Devices
10.5.6.3.2 Rest of South and Central America Mhealth Solutions Market by Application
10.5.6.3.3 Rest of South and Central America Mhealth Solutions Market by Services
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. MHEALTH SOLUTIONS MARKET, KEY COMPANY PROFILES
12.1. AT AND T INTELLECTUAL PROPERTY
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. APPLE 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. QUALCOMM TECHNOLOGIES, INC.
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. IHEALTH LABS INC.
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. KONINKLIJKE PHILIPS N.V
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. ZTE CORPORATION
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. ZEBRA TECHNOLOGIES CORP.
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. JOHNSON AND JOHNSON SERVICES, 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. BIOTELEMETRY, INC.
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. ATHENAHEALTH
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. AT and T Intellectual Property
2. Apple Inc.
3. Qualcomm Technologies, Inc.
4. iHealth Labs Inc.
5. Koninklijke Philips N.V
6. ZTE Corporation
7. Zebra Technologies Corp.
8. Johnson and Johnson Services, Inc.
9. BioTelemetry, Inc.
10. Athenahealth
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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