Microplate Systems Market Growth Report 2021 to 2031
The Microplate Systems Market is expected to register a CAGR of 4.0% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on by product (microplate readers, microplate pipetting systems and dispensers, microplate washers, other products) and based on application (drug discovery, clinical diagnostic, genomics and proteomics research, other applications). The report further provides analysis based on end user (biotechnology and pharmaceutical companies, hospital and diagnostic laboratories, research and academic institutes). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Microplate Systems 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.
Microplate Systems Market Segmentation
Product- Microplate Readers
- Microplate Pipetting Systems and Dispensers
- Microplate Washers
- Other Products
- Drug Discovery
- Clinical Diagnostic
- Genomics and Proteomics Research
- Other Applications
- Biotechnology and Pharmaceutical Companies
- Hospital and Diagnostic Laboratories
- Research and Academic 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
Microplate Systems Market Growth Drivers- Growing Use in Life Sciences: A higher utilization of microplate systems for a number of life science applications which involve genomics, proteomics and immunology is encouraging the market boost. These systems have successfully been used by researchers for various assays, thereby improving adoption and demand in both academic as well as industrial laboratories.
- Increased Emphasis on Environmental Testing: Rising apprehensions related to environmental health and safety drive demand for microplate systems in environment testing. And raise compliance and research efforts, in turn catalyzing their implementation into environmental laboratories as well.
- Inception of New Assay Technologies: Advents in the new assay technologies such as ELISA and multiplex assays are driving the microplate systems market. These developments bolster the sensitivity and specificity of tests, serving to make microplate systems integral on several research & clinical platforms which in turn helps in higher market penetration.
- Increased Use of Laboratory Automation: The market for microplate systems is on an upward curve because of the rising level of automation in laboratories. Automation improves the performance and precision of experiments, especially those conducted in high throughput screening environments. In an effort to improve processes and decrease human error within laboratory environments, the advanced microplate systems will be in a growing demand.
- Concentration on High-Throughput Screening: As drug discovery attempts to shift to high throughput methods, drug development processes are also benefitting from the increased insistence on high-throughput screening (HTS) technologies. High through put screening utilises and complements microplate systems; such that many samples can be tested at once enhancing productivity and efficiency in research laboratories hence expanding the market further.
- New Applications in Diagnostics: The microplate systems market is penetrating additional diagnostic markets for instance, personalized medicine and diseases diagnostics. As the practice of medicine embraces more individualized approaches, microplate systems will play an important role in modern diagnostics the sheer number of assays and tests which they can perform therefore the growth in the future market will be exponential.
- Incorporating with Digital Technologies: The incorporating of microplate systems to digital technologies involving cloud computing and data analytics represents a channel for enhancing responsibilities related to storing, handling data analysis. Uninterrupted connectivity and instant data accessibility can contribute to a seamless laboratory operation, as well expedite united research projects; thereby impelling the need for personalized microplate solutions.
- Growth of Point-of-Care Testing: An increase in point-of-care testing (POCT) marks the advent for microplate systems. In a quest for fast but precise diagnostics in multiple locations, health service providers increasingly require assay formats that allow quick and accurate testing especially in remote or resource-starved regions.
- Microplate Customization: Now we see a rising trend of targeted microplates based on the requirements for research. Manufacturers can capitalize on this by providing tailored designs and set-ups, servicing various applications in areas such as drug development, environmental monitoring or clinical diagnostics further increasing customer satisfaction levels
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Microplate Systems 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 Microplate Systems 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.
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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
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.
Frequently Asked Questions
Hospitals segment accounted for the largest share in 2023.
High cost of equipment is one the factors critically impacting the market growth
North America held the largest share in 2023
The major factors driving the microplate systems market are:
1. Growing Use in Life Sciences
2. Increased Emphasis on Environmental Testing
3. Inception of New Assay Technologies
The Microplate Systems Market is estimated to witness a CAGR of 4.0% from 2023 to 2031
The U.S. held the largest share in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Microplate Systems Market - By Product
1.3.2 Microplate Systems Market - By Application
1.3.3 Microplate Systems Market - By End User
1.3.4 Microplate Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICROPLATE SYSTEMS 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. MICROPLATE SYSTEMS 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. MICROPLATE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. MICROPLATE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. MICROPLATE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MICROPLATE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MICROPLATE READERS
7.3.1. Overview
7.3.2. Microplate Readers Market Forecast and Analysis
7.3.3. Multi-Mode Microplate Readers Market
7.3.3.1. Overview
7.3.3.2. Multi-Mode Microplate Readers Market Forecast and Analysis
7.3.4. Single-Mode Microplate Readers Market
7.3.4.1. Overview
7.3.4.2. Single-Mode Microplate Readers Market Forecast and Analysis
7.4. MICROPLATE PIPETTING SYSTEMS AND DISPENSERS
7.4.1. Overview
7.4.2. Microplate Pipetting Systems and Dispensers Market Forecast and Analysis
7.5. MICROPLATE WASHERS
7.5.1. Overview
7.5.2. Microplate Washers Market Forecast and Analysis
7.6. OTHER PRODUCTS
7.6.1. Overview
7.6.2. Other Products Market Forecast and Analysis
8. MICROPLATE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DRUG DISCOVERY
8.3.1. Overview
8.3.2. Drug Discovery Market Forecast and Analysis
8.4. CLINICAL DIAGNOSTIC
8.4.1. Overview
8.4.2. Clinical Diagnostic Market Forecast and Analysis
8.5. GENOMICS AND PROTEOMICS RESEARCH
8.5.1. Overview
8.5.2. Genomics and Proteomics Research Market Forecast and Analysis
8.6. OTHER APPLICATIONS
8.6.1. Overview
8.6.2. Other Applications Market Forecast and Analysis
9. MICROPLATE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. BIOTECHNOLOGY AND PHARMACEUTICAL COMPANIES
9.3.1. Overview
9.3.2. Biotechnology and Pharmaceutical Companies Market Forecast and Analysis
9.4. HOSPITAL AND DIAGNOSTIC LABORATORIES
9.4.1. Overview
9.4.2. Hospital and Diagnostic Laboratories Market Forecast and Analysis
9.5. RESEARCH AND ACADEMIC INSTITUTES
9.5.1. Overview
9.5.2. Research and Academic Institutes Market Forecast and Analysis
10. MICROPLATE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Microplate Systems Market Overview
10.1.2 North America Microplate Systems Market Forecasts and Analysis
10.1.3 North America Microplate Systems Market Forecasts and Analysis - By Product
10.1.4 North America Microplate Systems Market Forecasts and Analysis - By Application
10.1.5 North America Microplate Systems Market Forecasts and Analysis - By End User
10.1.6 North America Microplate Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Microplate Systems Market
10.1.6.1.1 United States Microplate Systems Market by Product
10.1.6.1.2 United States Microplate Systems Market by Application
10.1.6.1.3 United States Microplate Systems Market by End User
10.1.6.2 Canada Microplate Systems Market
10.1.6.2.1 Canada Microplate Systems Market by Product
10.1.6.2.2 Canada Microplate Systems Market by Application
10.1.6.2.3 Canada Microplate Systems Market by End User
10.1.6.3 Mexico Microplate Systems Market
10.1.6.3.1 Mexico Microplate Systems Market by Product
10.1.6.3.2 Mexico Microplate Systems Market by Application
10.1.6.3.3 Mexico Microplate Systems Market by End User
10.2. EUROPE
10.2.1 Europe Microplate Systems Market Overview
10.2.2 Europe Microplate Systems Market Forecasts and Analysis
10.2.3 Europe Microplate Systems Market Forecasts and Analysis - By Product
10.2.4 Europe Microplate Systems Market Forecasts and Analysis - By Application
10.2.5 Europe Microplate Systems Market Forecasts and Analysis - By End User
10.2.6 Europe Microplate Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Microplate Systems Market
10.2.6.1.1 Germany Microplate Systems Market by Product
10.2.6.1.2 Germany Microplate Systems Market by Application
10.2.6.1.3 Germany Microplate Systems Market by End User
10.2.6.2 France Microplate Systems Market
10.2.6.2.1 France Microplate Systems Market by Product
10.2.6.2.2 France Microplate Systems Market by Application
10.2.6.2.3 France Microplate Systems Market by End User
10.2.6.3 Italy Microplate Systems Market
10.2.6.3.1 Italy Microplate Systems Market by Product
10.2.6.3.2 Italy Microplate Systems Market by Application
10.2.6.3.3 Italy Microplate Systems Market by End User
10.2.6.4 Spain Microplate Systems Market
10.2.6.4.1 Spain Microplate Systems Market by Product
10.2.6.4.2 Spain Microplate Systems Market by Application
10.2.6.4.3 Spain Microplate Systems Market by End User
10.2.6.5 United Kingdom Microplate Systems Market
10.2.6.5.1 United Kingdom Microplate Systems Market by Product
10.2.6.5.2 United Kingdom Microplate Systems Market by Application
10.2.6.5.3 United Kingdom Microplate Systems Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Microplate Systems Market Overview
10.3.2 Asia-Pacific Microplate Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Microplate Systems Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Microplate Systems Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Microplate Systems Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Microplate Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Microplate Systems Market
10.3.6.1.1 Australia Microplate Systems Market by Product
10.3.6.1.2 Australia Microplate Systems Market by Application
10.3.6.1.3 Australia Microplate Systems Market by End User
10.3.6.2 China Microplate Systems Market
10.3.6.2.1 China Microplate Systems Market by Product
10.3.6.2.2 China Microplate Systems Market by Application
10.3.6.2.3 China Microplate Systems Market by End User
10.3.6.3 India Microplate Systems Market
10.3.6.3.1 India Microplate Systems Market by Product
10.3.6.3.2 India Microplate Systems Market by Application
10.3.6.3.3 India Microplate Systems Market by End User
10.3.6.4 Japan Microplate Systems Market
10.3.6.4.1 Japan Microplate Systems Market by Product
10.3.6.4.2 Japan Microplate Systems Market by Application
10.3.6.4.3 Japan Microplate Systems Market by End User
10.3.6.5 South Korea Microplate Systems Market
10.3.6.5.1 South Korea Microplate Systems Market by Product
10.3.6.5.2 South Korea Microplate Systems Market by Application
10.3.6.5.3 South Korea Microplate Systems Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Microplate Systems Market Overview
10.4.2 Middle East and Africa Microplate Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Microplate Systems Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Microplate Systems Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Microplate Systems Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Microplate Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Microplate Systems Market
10.4.6.1.1 South Africa Microplate Systems Market by Product
10.4.6.1.2 South Africa Microplate Systems Market by Application
10.4.6.1.3 South Africa Microplate Systems Market by End User
10.4.6.2 Saudi Arabia Microplate Systems Market
10.4.6.2.1 Saudi Arabia Microplate Systems Market by Product
10.4.6.2.2 Saudi Arabia Microplate Systems Market by Application
10.4.6.2.3 Saudi Arabia Microplate Systems Market by End User
10.4.6.3 U.A.E Microplate Systems Market
10.4.6.3.1 U.A.E Microplate Systems Market by Product
10.4.6.3.2 U.A.E Microplate Systems Market by Application
10.4.6.3.3 U.A.E Microplate Systems Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Microplate Systems Market Overview
10.5.2 South and Central America Microplate Systems Market Forecasts and Analysis
10.5.3 South and Central America Microplate Systems Market Forecasts and Analysis - By Product
10.5.4 South and Central America Microplate Systems Market Forecasts and Analysis - By Application
10.5.5 South and Central America Microplate Systems Market Forecasts and Analysis - By End User
10.5.6 South and Central America Microplate Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Microplate Systems Market
10.5.6.1.1 Brazil Microplate Systems Market by Product
10.5.6.1.2 Brazil Microplate Systems Market by Application
10.5.6.1.3 Brazil Microplate Systems Market by End User
10.5.6.2 Argentina Microplate Systems Market
10.5.6.2.1 Argentina Microplate Systems Market by Product
10.5.6.2.2 Argentina Microplate Systems Market by Application
10.5.6.2.3 Argentina Microplate Systems 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. MICROPLATE SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. AGILENT TECHNOLOGIES, 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. BIOCHROM
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. BIO-RAD LABORATORIES, 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. BIOTEK INSTRUMENTS, 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. CORNING INCORPORATED
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. DANAHER CORP.
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. PERKINELMER 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. PROMEGA CORPORATION
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 TRADING AG
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. THERMO FISHER SCIENTIFIC INC.
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. Agilent Technologies, Inc.
2. Biochrom
3. Bio-Rad Laboratories, Inc.
4. BioTek Instruments, Inc.,
5. Corning Incorporated
6. Danaher Corp.
7. PerkinElmer Inc.
8. Promega Corporation
9. Tecan Trading AG
10. Thermo Fisher Scientific Inc.
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.