Occlusion Removal Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Occlusion removal devices are medical devices used to remove occlusions, or blockages, in the human body. These devices are commonly used in interventional procedures such as angioplasty and thrombectomy to remove blockages in blood vessels. Still, they can also be used in other areas of the body, such as the urinary tract and the gastrointestinal tract. Occlusion removal devices come in various forms, including catheters, guidewires, and balloons, and are typically made of materials such as metals, polymers, and bioresorbable materials. The occlusion removal devices market is expected to grow due to the increasing prevalence of cardiovascular and peripheral vascular diseases and the growing demand for minimally invasive procedures that use these devices.
MARKET DYNAMICS
The occlusion removal devices market is expected to grow significantly due to the key factors such as rise in the number cardiovascular patients that creates the demand for the diagnosis and treatment. These devices are required in large quantity for the gynecological procedures at the time of mother delivering baby. The occlusion devices manufacturer has wide opportunities for the developing cost effective devices with variants of the devices.
MARKET SCOPE
The "Global Occlusion Removal Devices Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global occlusion removal devices market with detailed market segmentation by product, application, end user and geography. The global occlusion removal devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the occlusion removal devices market.
MARKET SEGMENTATION
The segmentation of the occlusion removal devices market is classified as product, application, and end user. The product segment of occlusion removal devices market is segmented into occlusion removal devices, support devices, embolization devices and others. The application segment of occlusion removal devices market includes gynecology, neurology, cardiology, and others. The end user segment of occlusion removal devices market is classified as hospitals/clinics, diagnostic centers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global occlusion removal devices market based on product, application, and end user. It also provides market size and forecast till 2028 for overall occlusion removal market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America dominates the market for the occlusion removal devices followed by Europe. As the reimbursement plans and the expenditure for the healthcare facilities are more in these regions. The countries like US, Canada in North America and Germany and UK in Europe are the major contributors for the revenue generation for occlusion removal device market. Asia Pacific is the fastest growing market for the occlusion devices as the prevalence of the chronic diseases are increasing, the awareness for early stage diagnosis is more by which the diagnostic devices are creating opportunities for the companies to introduce diagnostic devices in this region.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global occlusion removal devices market based on product, application, and end user. It also provides market size and forecast till 2028 for overall occlusion removal market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America dominates the market for the occlusion removal devices followed by Europe. As the reimbursement plans and the expenditure for the healthcare facilities are more in these regions. The countries like US, Canada in North America and Germany and UK in Europe are the major contributors for the revenue generation for occlusion removal device market. Asia Pacific is the fastest growing market for the occlusion devices as the prevalence of the chronic diseases are increasing, the awareness for early stage diagnosis is more by which the diagnostic devices are creating opportunities for the companies to introduce diagnostic devices in this region.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America.
MARKET PLAYERS
The report also includes the profiles of key occlusion removal devices manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market involve
- Acrostak Int. Distr. Sàrl
- Creganna
- BVM Medical Limited
- Penumbra, Inc.
- Medtronic
- Boston Scientific Corporation
- B. Braun Melsungen AG
- Cook
- Abbott
- Spectranetics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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to country scope.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Occlusion Removal Devices Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Occlusion Removal Devices Market - By Product
3.2.2 Occlusion Removal Devices Market - By Application
3.2.3 Occlusion Removal Devices Market - By End User
3.2.4 Occlusion Removal Devices - By Region
3.2.4.1 By Country
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South and Central America- PEST Analysis
4 Occlusion Removal Devices Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Occlusion Removal Devices Market - Global Analysis
5.1 Global Occlusion Removal Devices Market Overview
5.2 Global Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions
6 Occlusion Removal Devices Market- Global Regulatory Scenario
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Middle East & Africa
6.6 South and Central America
7 Occlusion Removal Devices Market Revenue and Forecasts to 2028 - By Product
7.1 Overview
7.2 Product Market Revenue and Forecasts Analysis (US$ Mn)
7.3 Occlusion Removal Devices Market
7.3.1 Overview
7.3.2 Occlusion Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.4 Support Devices Market
7.4.1 Overview
7.4.2 Support Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.5 Embolization Devices Market
7.5.1 Overview
7.5.2 Embolization Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.6 Others Market
7.6.1 Overview
7.6.2 Others Market Revenue Forecasts and Analysis (US$ Mn)
8 Occlusion Removal Devices Market Revenue and Forecasts to 2028 - By Application
8.1 Overview
8.2 Application Market Forecasts and Analysis
8.3 Gynecology Market
8.3.1 Overview
8.3.2 Gynecology Market Revenue Forecasts and Analysis (US$ Mn)
8.4 Neurology Market
8.4.1 Overview
8.4.2 Neurology Market Revenue Forecasts and Analysis (US$ Mn)
8.5 Cardiology Market
8.5.1 Overview
8.5.2 Cardiology Market Revenue Forecasts and Analysis (US$ Mn)
8.6 Others Market
8.6.1 Overview
8.6.2 Others Market Revenue Forecasts and Analysis (US$ Mn)
9 Occlusion Removal Devices Market Revenue and Forecasts to 2028 - By End User
9.1 Overview
9.2 Application Market Forecasts and Analysis
9.3 Hospitals/ Clinics Market
9.3.1 Overview
9.3.2 Hospitals/Clinics Market Revenue Forecasts and Analysis (US$ Mn)
9.4 Diagnostic Centers Market
9.4.1 Overview
9.4.2 Diagnostic Centers Market Revenue Forecasts and Analysis (US$ Mn)
9.5 Others Market
9.5.1 Overview
9.5.2 Others Market Revenue Forecasts and Analysis (US$ Mn)
9.5.3
10 North America Occlusion Removal Devices Market Revenue and Forecasts to 2028 - Country Analysis
10.1 North America Occlusion Removal Devices Market Overview
10.2 North America Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
10.3 North America Occlusion Removal Devices Market Revenue and Forecasts Analysis - By Product (US$ Mn)
10.4 North America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.5 North America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.6 North America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Country
10.7 US Market Overview
10.7.1 US Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.7.2 US Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
10.7.3 US Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8 Canada Market Overview
10.8.1 Canada Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.8.2 Canada Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
10.8.3 Canada Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
10.9 Mexico Market Overview
10.9.1 Mexico Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Product (US$ Mn)
10.9.2 Mexico Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
10.9.3 Mexico Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
11 Europe Occlusion Removal Devices Market Revenue and Forecasts to 2028 - Country Analysis
11.1 Europe Occlusion Removal Devices Market Overview
11.2 Europe Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
11.3 Europe Occlusion Removal Devices Market Revenue and Forecasts Analysis - By Product (US$ Mn)
11.4 Europe Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.5 Europe Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.6 Europe Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Country
11.7 UK Market Overview
11.7.1 UK Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.7.2 UK Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
11.7.3 UK Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8 Germany Market Overview
11.8.1 Germany Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.8.2 Germany Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
11.8.3 Germany Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
11.9 France Market Overview
11.9.1 France Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Product (US$ Mn)
11.9.2 France Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
11.9.3 France Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
12 Asia Pacific Occlusion Removal Devices Market Revenue and Forecasts to 2028 - Country Analysis
12.1 Asia Pacific Occlusion Removal Devices Market Overview
12.2 Asia Pacific Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
12.3 Asia Pacific Occlusion Removal Devices Market Revenue and Forecasts Analysis - By Product (US$ Mn)
12.4 Asia Pacific Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.5 Asia Pacific Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.6 Asia Pacific Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Country
12.7 Japan Market Overview
12.7.1 Japan Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.7.2 Japan Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
12.7.3 Japan Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8 China Market Overview
12.8.1 China Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.8.2 China Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
12.8.3 China Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
12.9 India Market Overview
12.9.1 India Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Product (US$ Mn)
12.9.2 India Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
12.9.3 India Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
13 Middle East and Africa (MEA) Occlusion Removal Devices Market Revenue and Forecasts to 2028 - Country Analysis
13.1 Middle East & Africa Occlusion Removal Devices Market Overview
13.2 Middle East & Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
13.3 Middle East & Africa Occlusion Removal Devices Market Revenue and Forecasts Analysis - By Product (US$ Mn)
13.4 Middle East & Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.5 Middle East & Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.6 Middle East & Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Country
13.7 South Africa Market Overview
13.7.1 South Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.7.2 South Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
13.7.3 South Africa Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.8 Saudi Arabia Market Overview
13.8.1 Saudi Arabia Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.8.2 Saudi Arabia Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
13.8.3 Saudi Arabia Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
13.9 UAE Market Overview
13.9.1 UAE Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Product (US$ Mn)
13.9.2 UAE Occlusion Removal Devices Market Revenue Forecasts and Analysis-By Application (US$ Mn)
13.9.3 UAE Occlusion Removal Devices Market Revenue Forecasts and Analysis-By End User (US$ Mn)
14 South and Central America Occlusion Removal Devices Market Revenue and Forecasts to 2028 - Country Analysis
14.1 South and Central America Occlusion Removal Devices Market Overview
14.2 South and Central America Occlusion Removal Devices Market Revenue Forecasts and Analysis (US$ Mn)
14.3 South and Central America Occlusion Removal Devices Market Revenue and Forecasts Analysis - By Product (US$ Mn)
14.4 South and Central America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
14.5 South and Central America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14.6 South and Central America Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Country
14.7 Brazil Market Overview
14.7.1 Brazil Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
14.7.2 Brazil Occlusion Removal Devices Market Revenue Forecasts and Analysis - By Application (US$ Mn)
14.7.3 Brazil Occlusion Removal Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
15 Industry Landscape
15.1 Organic Growth Strategies
15.1.1 New Product Launches
15.1.2 Marketing & Promotional Activities
15.2 Inorganic Growth Strategies
15.2.1 Partnerships, Collaborations, and Joint Ventures
15.2.2 Mergers & Acquisitions
16 Occlusion Removal Devices Market, Key Company Profiles
16.1 Acrostak Int. Distr. Sàrl
16.1.1 Key Facts
16.1.2 Business Description
16.1.3 Financial Overview
16.1.4 Product Portfolio
16.1.5 Product Pipeline
16.1.6 SWOT Analysis
16.1.7 Key Developments
16.2 Creganna
16.2.1 Key Facts
16.2.2 Business Description
16.2.3 Financial Overview
16.2.4 Product Portfolio
16.2.5 Product Pipeline
16.2.6 SWOT Analysis
16.2.7 Key Developments
16.3 BVM Medical Limited
16.3.1 Key Facts
16.3.2 Business Description
16.3.3 Financial Overview
16.3.4 Product Portfolio
16.3.5 Product Pipeline
16.3.6 SWOT Analysis
16.3.7 Key Developments
16.4 Penumbra, Inc.
16.4.1 Key Facts
16.4.2 Business Description
16.4.3 Financial Overview
16.4.4 Product Portfolio
16.4.5 Product Pipeline
16.4.6 SWOT Analysis
16.4.7 Key Developments
16.5 Medtronic
16.5.1 Key Facts
16.5.2 Business Description
16.5.3 Financial Overview
16.5.4 Product Portfolio
16.5.5 Product Pipeline
16.5.6 SWOT Analysis
16.5.7 Key Developments
16.6 Boston Scientific Corporation
16.6.1 Key Facts
16.6.2 Business Description
16.6.3 Financial Overview
16.6.4 Product Portfolio
16.6.5 Product Pipeline
16.6.6 SWOT Analysis
16.6.7 Key Developments
16.7 B. Braun Melsungen AG
16.7.1 Key Facts
16.7.2 Business Description
16.7.3 Financial Overview
16.7.4 Product Portfolio
16.7.5 Product Pipeline
16.7.6 SWOT Analysis
16.7.7 Key Developments
16.8 Cook
16.8.1 Key Facts
16.8.2 Business Description
16.8.3 Financial Overview
16.8.4 Product Portfolio
16.8.5 Product Pipeline
16.8.6 SWOT Analysis
16.8.7 Key Developments
16.9 Abbott.
16.9.1 Key Facts
16.9.2 Business Description
16.9.3 Financial Overview
16.9.4 Product Portfolio
16.9.5 Product Pipeline
16.9.6 SWOT Analysis
16.9.7 Key Developments
16.10 Spectranetics
16.10.1 Key Facts
16.10.2 Business Description
16.10.3 Financial Overview
16.10.4 Product Portfolio
16.10.5 Product Pipeline
16.10.6 SWOT Analysis
16.10.7 Key Developments
17 Appendix
17.1 About The Insight Partners
17.2 Glossary of Terms
17.3 Research Methodology
The List of Companies
1. Acrostak Int. Distr. Sàrl
2. Creganna
3. BVM Medical Limited
4. Penumbra, Inc.
5. Medtronic
6. Boston Scientific Corporation
7. Braun Melsungen AG
8. Cook
9. Abbott
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.