Neuronavigation Systems Market Scope 2031
The Neuronavigation Systems Market is expected to register a CAGR of 7.7% 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 Type (Electromagnetic System and Optical System). The report further presents analysis based on the Application (Neurosurgery, ENT Surgery, Spinal Surgery, and Maxillofacial Surgery). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Neuronavigation 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.
Neuronavigation Systems Market Segmentation
Type- Electromagnetic System and Optical System
- Neurosurgery
- ENT Surgery
- Spinal Surgery
- Maxillofacial Surgery Source: https://www.theinsightpartners.com/reports/neuronavigation-systems-market
Strategic Insights
Neuronavigation Systems Market Growth Drivers- Increased adoption in minimally invasive procedures:
Growing adoption of minimally invasive surgeries is the key factor that is boosting the neuronavigation systems market. The demand is based on the need for accurate navigation and real-time data for these procedures, ensuring precise placement of implants. The growing demand for the procedure, especially in orthopedic and neurosurgical applications, drives the adoption of neuronavigation systems during the forecast period. - Technical Advancements and Sensor Fusion:
Advances in the technology and combination of sensors will lead to more sensitive and dependable neuronavigation systems. This includes a group of sensing elements such as cameras, ultrasonic, and magnetic sensors, giving a more detailed understanding of the anatomy of the patient. Thus, advancements in neuronavigation systems will unlock their use in various medical applications. - Increasing prevalence of Neurological Disorder:
Increasing prevalence of neurological disorders such as cancer, stroke, benign tumors is the key factor driving the growth of the neuro-navigation systems market. as per the National Brain Tumor Society, US, in 2022, around 1 million Americans were living with a brain tumour, of which ~72% of all brain tumors are benign and 28% are malignant.
- Widespread adoption in Robotics-Assisted Surgery: The increase in the adoption of robotics-assisted surgery is another factor expanding the neuronavigation systems market. Robotics-assisted surgery requires accurate navigation with real-time feedback to ensure the correct placement of instruments and implants. Neuronavigation systems ensure this precision, so surgeons are able to work on complex procedures that require precision. An increase in the adoption of robotics-assisted surgery, especially in urology and orthopedic applications, will fuel the demand for neuronavigation systems.
- Higher Adoption of Cloud-Based Solutions: Cloud-based solutions are being adopted in the neuronavigation systems market. Cloud-based solutions allow people to access data anywhere, reduce costs concerning storage, and update information in real time. These trends are driven more and more by requirements for access to remote medical data and efficiency in data management.
- Growth of Virtual Reality and Augmented Reality: The use of neuronavigation systems, particularly for virtual reality (VR) and augmented reality (AR), is becoming common as it improves the surgical experience. VR/AR provides a more engaging experience, trains surgeons through simulation practice to perform complex procedures, and help in educating patients. This is because the demand for advanced technologies in medical education and training improves the visualization of subjects.
- Increasing Demand of Personalized Medicine: Growing demand for personalized medicine is likely to create growth opportunities for the market. Neuro Navigation systems can provide personalized feedback that enables surgeons to tailor the surgical procedure according to the requirements of an individual patient.
- Increasing Application in Trauma Surgery: Neuronavigation systems are widely used in trauma surgeries. Neuronavigation systems offer easy navigation and real-time feedback, assisting surgeons treat complex cases such as orthopedic trauma, spinal surgeries, and other neurosurgical interventions. As per the American Association for the Surgery of Trauma, every year there are ~1,000,000 people with traumatic brain injury (TBI)
- Integration with Artificial Intelligence and Machine Learning: Integration of AI and ML in neuronavigation systems is likely to open new avenues in the market. These technologies would make the system more accurate in its process by filtering out the noise created, improving decision-making, and enhancing the possibility of predictive analytics. This would mean preparation for a potentially complex procedure for surgeons and optimal outcome by that preparation.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neuronavigation 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 Neuronavigation 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.
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 neuronavigation systems market is estimated to grow with a CAGR of 7.7% from 2023 to 2031.
Asia Pacific region is likely to witness the fastest growth rate during the forecast period
The neuronavigation systems market majorly consists of players such as Stryker, Medtronic, Zimmer Biomet Holding Inc., among others.
The market drivers include the increasing prevalence of neurological disorders and increasing adoption of minimally invasive procedures, which are driving the neuronavigation systems market.
Robot-assisted surgeries are likely to remain the key trend during the forecast period.
North America dominated the neuronavigation systems market in 2023
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Neuronavigation Systems Market - By Type
1.3.2. Neuronavigation Systems Market - By Application
1.3.3. Neuronavigation Systems Market - By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEURONAVIGATION SYSTEMS MARKET LANDSCAPE
4.1. MARKET 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 & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. NEURONAVIGATION SYSTEMS MARKET- KEY INDUSTRY 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. NEURONAVIGATION SYSTEMS MARKET- GLOBAL ANALYSIS
6.1. NEURONAVIGATION SYSTEMS MARKET - GLOBAL MARKET OVERVIEW
6.2. NEURONAVIGATION SYSTEMS MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. NEURONAVIGATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
7.1. OVERVIEW
7.2. TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. ELECTROMAGNETIC SYSTEM MARKET
7.3.1. Overview
7.3.2. Electromagnetic System Market Revenue Forecasts and Analysis (US$ Mn)
7.4. OPTICAL SYSTEM MARKET
7.4.1. Overview
7.4.2. Optical System Market Revenue Forecasts and Analysis (US$ Mn)
8. NEURONAVIGATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - BY APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. NEUROSURGERY MARKET
8.3.1. Overview
8.3.2. Neurosurgery Market Revenue Forecasts and Analysis (US$ Mn)
8.4. ENT SURGERY MARKET
8.4.1. Overview
8.4.2. ENT Surgery Market Revenue Forecasts and Analysis (US$ Mn)
8.5. SPINAL SURGERY MARKET
8.5.1. Overview
8.5.2. Spinal Surgery Market Revenue Forecasts and Analysis (US$ Mn)
8.6. MAXILLOFACIAL SURGERY MARKET
8.6.1. Overview
8.6.2. Maxillofacial Surgery Market Revenue Forecasts and Analysis (US$ Mn)
9. NEURONAVIGATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA NEURONAVIGATION SYSTEMS MARKET
9.1.1. North America Neuronavigation Systems Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Neuronavigation Systems Market Revenue and Forecasts Analysis - By Type (US$ Mn)
9.1.3. North America Neuronavigation Systems Market Revenue and Forecasts Analysis - By Application (US$ Mn)
9.1.4. North America Neuronavigation Systems Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.1.5.2. US Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.1.6.2. Canada Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.1.7.2. Mexico Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.2. EUROPE NEURONAVIGATION SYSTEMS MARKET
9.2.1. Europe Neuronavigation Systems Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Neuronavigation Systems Market Revenue and Forecasts Analysis - By Type (US$ Mn)
9.2.3. Europe Neuronavigation Systems Market Revenue and Forecasts Analysis - By Application (US$ Mn)
9.2.4. Europe Neuronavigation Systems Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.2.5.2. UK Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.2.6.2. Germany Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.2.7.2. France Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.2.8. Italy Market Overview
9.2.8.1. Italy Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.2.8.2. Italy Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.2.9. Spain Market Overview
9.2.9.1. Spain Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.2.9.2. Spain Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.3. ASIA PACIFIC NEURONAVIGATION SYSTEMS MARKET
9.3.1. Asia Pacific Neuronavigation Systems Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Neuronavigation Systems Market Revenue and Forecasts Analysis - By Type (US$ Mn)
9.3.3. Asia Pacific Neuronavigation Systems Market Revenue and Forecasts Analysis - By Application (US$ Mn)
9.3.4. Asia Pacific Neuronavigation Systems Market Forecasts and Analysis - By Country
9.3.5. China Market Overview
9.3.5.1. China Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.3.5.2. China Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.3.6. Japan Market Overview
9.3.6.1. Japan Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.3.6.2. Japan Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.3.7. India Market Overview
9.3.7.1. India Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.3.7.2. India Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.3.8. Australia Market Overview
9.3.8.1. Australia Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.3.8.2. Australia Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.3.9. South Korea Market Overview
9.3.9.1. South Korea Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.3.9.2. South Korea Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) NEURONAVIGATION SYSTEMS MARKET
9.4.1. Middle East & Africa (MEA) Neuronavigation Systems Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Neuronavigation Systems Market Revenue and Forecasts Analysis - By Type (US$ Mn)
9.4.3. Middle East & Africa (MEA) Neuronavigation Systems Market Revenue and Forecasts Analysis - By Application (US$ Mn)
9.4.4. Middle East & Africa (MEA) Neuronavigation Systems Market Forecasts and Analysis - By Country
9.4.5. UAE Overview
9.4.5.1. UAE Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.4.5.2. UAE Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.4.6.2. Saudi Arabia Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.4.7. South Africa Market Overview
9.4.7.1. South Africa Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.4.7.2. South Africa Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA NEURONAVIGATION SYSTEMS MARKET
9.5.1. South and Central America Neuronavigation Systems Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Neuronavigation Systems Market Revenue and Forecasts Analysis - By Type (US$ Mn)
9.5.3. South and Central America Neuronavigation Systems Market Revenue and Forecasts Analysis - By Application (US$ Mn)
9.5.4. South and Central America Neuronavigation Systems Market Revenue and Forecasts Analysis - By End User (US$ Mn)
9.5.5. South and Central America Neuronavigation Systems Market Forecasts and Analysis - By Country
9.5.6. Brazil Market Overview
9.5.6.1. Brazil Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.5.6.2. Brazil Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
9.5.7. Argentina Market Overview
9.5.7.1. Argentina Neuronavigation Systems Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.5.7.2. Argentina Neuronavigation Systems Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. NEURONAVIGATION SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. CLARONAV
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Product Pipeline
11.1.6. SWOT Analysis
11.1.7. Key Developments
11.2. PARSISS CO.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Product Pipeline
11.2.6. SWOT Analysis
11.2.7. Key Developments
11.3. STRYKER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Product Pipeline
11.3.6. SWOT Analysis
11.3.7. Key Developments
11.4. BRAINLAB AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Product Pipeline
11.4.6. SWOT Analysis
11.4.7. Key Developments
11.5. HEAL FORCE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Product Pipeline
11.5.6. SWOT Analysis
11.5.7. Key Developments
11.6. ATRACSYS LLC
11.6.1. Business Description
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Product Pipeline
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHERN DIGITAL INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Product Pipeline
11.7.6. SWOT Analysis
11.7.7. Key Developments
11.8. SURGICAL THEATER, LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Product Pipeline
11.8.6. SWOT Analysis
11.8.7. Key Developments
11.9. MICROMAR IND. E COM. LTDA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Product Pipeline
11.9.6. SWOT Analysis
11.9.7. Key Developments
11.10. SHENZHEN ANKE HIGH-TECH CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Product Pipeline
11.10.6. SWOT Analysis
11.10.7. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. ClaroNav
2. Parsiss Co.
3. Stryker
4. Brainlab AG
5. Heal Force
6. Atracsys LLC
7. Northern Digital Inc.
8. SURGICAL THEATER, LLC
9. Micromar Ind. e Com. LTDA
10. Shenzhen Anke High-tech Co., Ltd.
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
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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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