Microarray Scanners Market 2021-2031: Share and Forecast
The Microarray Scanners Market is expected to register a CAGR of 7.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Microarray Scanners Market report is categorized by type into the following subsegments: Microarray Laser Scanners, Microarray Plate Scanners, and Others. It further presents an analysis based on application, i.e., Gene Expression, Mutation Detection, SNP Analysis, and Other Applications. The end-users are Hospitals, Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, and Academic and Research Institutes. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Microarray Scanners 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.
Microarray Scanners Market Segmentation
Type- Microarray Laser Scanners
- Microarray Plate Scanners
- Other
- Gene Expression
- Mutation Detection
- SNP analysis
- Other
- Hospitals
- Diagnostic Laboratories
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Microarray Scanners Market Growth Drivers- Steadily rising applications in personalized medicine: Scanners in microarrays play a highly crucial role for identifying genetic differences; Hence, it has a crucial role in personalized medicine and targeted therapies.
- Funding for Research and Collaborations: Spending on genomic research increases and the collaboration of universities with pharmaceutical companies widens demand for advanced scanning solutions within microarrays.
- Advancements in Genomics and Biotechnology: Growth in genomics and biotechnology, particularly expression profiling genes demand for microarray scanning technologies.
- Miniaturization and portability: The trend for smaller, more portable microarray scanners is opening the device up to greater applicability in a research and clinical environment.
- Integration with Next Generation Sequencing: To improve the accuracy and efficiency of data, microarray technologies have been integrated with Next Generation Sequencing.
- AI and Automation: AI-led image analysis, and automation, altogether have significantly streamlined the scanning processes of microarrays while providing increased throughput and diagnostic precision.
- Advancements in Cancer Studies Applications: The growth opportunities in the microarray scanner market are driven by several emerging trends.With the identification of genetic markers responsible for cancer through microarray scanners, there is a lot of room for growth in studies relating to oncology.
- Development of Multi-Omics Platforms: Microarray scanners now integrate with other omics platforms, genomics, proteomics, and metabolomics, because of growing multi-omic utilization.
- Growth in Personalized Medication: As personalized health care grows, from gene therapies, the new scopes to find research with microarray scanners exist in this area due to genetic testing and allied development of medicines for specific diseases.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Microarray Scanners 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 Microarray Scanners 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
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players of this market are PerkinElmer Inc, F Hoffmann La Roche Ltd, Thermo Fisher Scientific, Agilent Genomics, Illumina, Bio Rad Laboratories Inc, Innopsys Inc, Molecular Devices, Tecan,
Minaturization, portability of scanners and Personalized medicine and genomics engagement increasing are some of the future trends of this market.
The market is expected to register a CAGR of 7.3% during 2023-2031.
Genomics and biotechnology research, and High clinical diagnostics adoption of microarray technologies are some of the primary growth drivers.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Microarray Scanners Market - By Type
1.3.2 Microarray Scanners Market - By Application
1.3.3 Microarray Scanners Market - By End-users
1.3.4 Microarray Scanners Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICROARRAY SCANNERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MICROARRAY SCANNERS 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. MICROARRAY SCANNERS MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROARRAY SCANNERS - GLOBAL MARKET OVERVIEW
6.2. MICROARRAY SCANNERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICROARRAY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MICROARRAY LASER SCANNERS
7.3.1. Overview
7.3.2. Microarray Laser Scanners Market Forecast and Analysis
7.4. MICROARRAY PLATE SCANNERS
7.4.1. Overview
7.4.2. Microarray Plate Scanners Market Forecast and Analysis
7.5. OTHER
7.5.1. Overview
7.5.2. Other Market Forecast and Analysis
8. MICROARRAY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GENE EXPRESSION
8.3.1. Overview
8.3.2. Gene Expression Market Forecast and Analysis
8.4. MUTATION DETECTION
8.4.1. Overview
8.4.2. Mutation Detection Market Forecast and Analysis
8.5. SNP ANALYSIS
8.5.1. Overview
8.5.2. SNP analysis Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. MICROARRAY SCANNERS MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
9.1. OVERVIEW
9.2. END-USERS MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Diagnostic Laboratories Market Forecast and Analysis
9.5. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
9.5.1. Overview
9.5.2. Pharmaceutical and Biotechnology Companies Market Forecast and Analysis
9.6. ACADEMIC AND RESEARCH INSTITUTES
9.6.1. Overview
9.6.2. Academic and Research Institutes Market Forecast and Analysis
10. MICROARRAY SCANNERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Microarray Scanners Market Overview
10.1.2 North America Microarray Scanners Market Forecasts and Analysis
10.1.3 North America Microarray Scanners Market Forecasts and Analysis - By Type
10.1.4 North America Microarray Scanners Market Forecasts and Analysis - By Application
10.1.5 North America Microarray Scanners Market Forecasts and Analysis - By End-users
10.1.6 North America Microarray Scanners Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Microarray Scanners Market
10.1.6.1.1 Canada Microarray Scanners Market by Type
10.1.6.1.2 Canada Microarray Scanners Market by Application
10.1.6.1.3 Canada Microarray Scanners Market by End-users
10.1.6.2 Mexico Microarray Scanners Market
10.1.6.2.1 Mexico Microarray Scanners Market by Type
10.1.6.2.2 Mexico Microarray Scanners Market by Application
10.1.6.2.3 Mexico Microarray Scanners Market by End-users
10.1.6.3 US Microarray Scanners Market
10.1.6.3.1 US Microarray Scanners Market by Type
10.1.6.3.2 US Microarray Scanners Market by Application
10.1.6.3.3 US Microarray Scanners Market by End-users
10.2. EUROPE
10.2.1 Europe Microarray Scanners Market Overview
10.2.2 Europe Microarray Scanners Market Forecasts and Analysis
10.2.3 Europe Microarray Scanners Market Forecasts and Analysis - By Type
10.2.4 Europe Microarray Scanners Market Forecasts and Analysis - By Application
10.2.5 Europe Microarray Scanners Market Forecasts and Analysis - By End-users
10.2.6 Europe Microarray Scanners Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Microarray Scanners Market
10.2.6.1.1 Germany Microarray Scanners Market by Type
10.2.6.1.2 Germany Microarray Scanners Market by Application
10.2.6.1.3 Germany Microarray Scanners Market by End-users
10.2.6.2 France Microarray Scanners Market
10.2.6.2.1 France Microarray Scanners Market by Type
10.2.6.2.2 France Microarray Scanners Market by Application
10.2.6.2.3 France Microarray Scanners Market by End-users
10.2.6.3 Italy Microarray Scanners Market
10.2.6.3.1 Italy Microarray Scanners Market by Type
10.2.6.3.2 Italy Microarray Scanners Market by Application
10.2.6.3.3 Italy Microarray Scanners Market by End-users
10.2.6.4 Spain Microarray Scanners Market
10.2.6.4.1 Spain Microarray Scanners Market by Type
10.2.6.4.2 Spain Microarray Scanners Market by Application
10.2.6.4.3 Spain Microarray Scanners Market by End-users
10.2.6.5 United Kingdom Microarray Scanners Market
10.2.6.5.1 United Kingdom Microarray Scanners Market by Type
10.2.6.5.2 United Kingdom Microarray Scanners Market by Application
10.2.6.5.3 United Kingdom Microarray Scanners Market by End-users
10.2.6.6 Rest of Europe Microarray Scanners Market
10.2.6.6.1 Rest of Europe Microarray Scanners Market by Type
10.2.6.6.2 Rest of Europe Microarray Scanners Market by Application
10.2.6.6.3 Rest of Europe Microarray Scanners Market by End-users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Microarray Scanners Market Overview
10.3.2 Asia-Pacific Microarray Scanners Market Forecasts and Analysis
10.3.3 Asia-Pacific Microarray Scanners Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Microarray Scanners Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Microarray Scanners Market Forecasts and Analysis - By End-users
10.3.6 Asia-Pacific Microarray Scanners Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Microarray Scanners Market
10.3.6.1.1 Australia Microarray Scanners Market by Type
10.3.6.1.2 Australia Microarray Scanners Market by Application
10.3.6.1.3 Australia Microarray Scanners Market by End-users
10.3.6.2 China Microarray Scanners Market
10.3.6.2.1 China Microarray Scanners Market by Type
10.3.6.2.2 China Microarray Scanners Market by Application
10.3.6.2.3 China Microarray Scanners Market by End-users
10.3.6.3 India Microarray Scanners Market
10.3.6.3.1 India Microarray Scanners Market by Type
10.3.6.3.2 India Microarray Scanners Market by Application
10.3.6.3.3 India Microarray Scanners Market by End-users
10.3.6.4 Japan Microarray Scanners Market
10.3.6.4.1 Japan Microarray Scanners Market by Type
10.3.6.4.2 Japan Microarray Scanners Market by Application
10.3.6.4.3 Japan Microarray Scanners Market by End-users
10.3.6.5 South Korea Microarray Scanners Market
10.3.6.5.1 South Korea Microarray Scanners Market by Type
10.3.6.5.2 South Korea Microarray Scanners Market by Application
10.3.6.5.3 South Korea Microarray Scanners Market by End-users
10.3.6.6 Rest of Asia-Pacific Microarray Scanners Market
10.3.6.6.1 Rest of Asia-Pacific Microarray Scanners Market by Type
10.3.6.6.2 Rest of Asia-Pacific Microarray Scanners Market by Application
10.3.6.6.3 Rest of Asia-Pacific Microarray Scanners Market by End-users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Microarray Scanners Market Overview
10.4.2 Middle East and Africa Microarray Scanners Market Forecasts and Analysis
10.4.3 Middle East and Africa Microarray Scanners Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Microarray Scanners Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Microarray Scanners Market Forecasts and Analysis - By End-users
10.4.6 Middle East and Africa Microarray Scanners Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Microarray Scanners Market
10.4.6.1.1 South Africa Microarray Scanners Market by Type
10.4.6.1.2 South Africa Microarray Scanners Market by Application
10.4.6.1.3 South Africa Microarray Scanners Market by End-users
10.4.6.2 Saudi Arabia Microarray Scanners Market
10.4.6.2.1 Saudi Arabia Microarray Scanners Market by Type
10.4.6.2.2 Saudi Arabia Microarray Scanners Market by Application
10.4.6.2.3 Saudi Arabia Microarray Scanners Market by End-users
10.4.6.3 U.A.E Microarray Scanners Market
10.4.6.3.1 U.A.E Microarray Scanners Market by Type
10.4.6.3.2 U.A.E Microarray Scanners Market by Application
10.4.6.3.3 U.A.E Microarray Scanners Market by End-users
10.4.6.4 Rest of Middle East and Africa Microarray Scanners Market
10.4.6.4.1 Rest of Middle East and Africa Microarray Scanners Market by Type
10.4.6.4.2 Rest of Middle East and Africa Microarray Scanners Market by Application
10.4.6.4.3 Rest of Middle East and Africa Microarray Scanners Market by End-users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Microarray Scanners Market Overview
10.5.2 South and Central America Microarray Scanners Market Forecasts and Analysis
10.5.3 South and Central America Microarray Scanners Market Forecasts and Analysis - By Type
10.5.4 South and Central America Microarray Scanners Market Forecasts and Analysis - By Application
10.5.5 South and Central America Microarray Scanners Market Forecasts and Analysis - By End-users
10.5.6 South and Central America Microarray Scanners Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Microarray Scanners Market
10.5.6.1.1 Brazil Microarray Scanners Market by Type
10.5.6.1.2 Brazil Microarray Scanners Market by Application
10.5.6.1.3 Brazil Microarray Scanners Market by End-users
10.5.6.2 Argentina Microarray Scanners Market
10.5.6.2.1 Argentina Microarray Scanners Market by Type
10.5.6.2.2 Argentina Microarray Scanners Market by Application
10.5.6.2.3 Argentina Microarray Scanners Market by End-users
10.5.6.3 Rest of South and Central America Microarray Scanners Market
10.5.6.3.1 Rest of South and Central America Microarray Scanners Market by Type
10.5.6.3.2 Rest of South and Central America Microarray Scanners Market by Application
10.5.6.3.3 Rest of South and Central America Microarray Scanners Market by End-users
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. MICROARRAY SCANNERS MARKET, KEY COMPANY PROFILES
12.1. PERKINELMER, INC.
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. F. HOFFMANN-LA ROCHE LTD.
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. THERMO FISHER SCIENTIFIC
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. AGILENT GENOMICS
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. ILLUMINA
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. BIO-RAD LABORATORIES, INC.
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. INNOPSYS INC.
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. MOLECULAR DEVICES
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. TECAN
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. BERTHOLD TECHNOLOGIES GMBH AND CO. KG
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
- PerkinElmer, Inc.
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific
- Agilent Genomics
- Illumina
- Bio-Rad Laboratories, Inc.
- Innopsys Inc.
- Molecular Devices
- Tecan
- Berthold Technologies GmbH & Co. KG.
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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