Ophthalmic Refractometer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The ophthalmic refractometer is a device that is used to measure lens strength and power to provide patients with proper eyeglasses in order to correct their vision. It helps a doctor to identify refractive errors in the vision. Refractive errors prevent light from entering the eyes and to focus on the retina correctly. Restricted light that enters the eye negatively impacts the vision and causes eye problems. Common vision impairments in patients are myopia, hyperopia, and astigmatism. Most eye problems arises due to an unhealthy lifestyle, improper nutrition, stress, genetic disorders, etc. Hence, the measurement provided by the ophthalmic refractometer helps the eye specialist to provide preferable eyeglasses.
MARKET SCOPE
The "Global Ophthalmic Refractometer Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ophthalmic refractometer market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading ophthalmic refractometer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global ophthalmic refractometer market is segmented into automatic, portable/handheld, non-portable and semi-automatic.
- On the basis of application, the market is bifurcated into optometric centers, hospitals and clinics and others.
MARKET DYNAMICS
Drivers:
- Innovative product launches that lead to a quality diagnosis of patients are expected to drive the growth of the global ophthalmic refractometer market.
- The rising incidence of diabetes that causes diabetic retinopathy, cataract, and glaucoma among the population leads to an increase in the number of visual impairment cases that propel the market's growth during the forecast period.
- The rising prevalence of primary open-angle glaucoma (POGA) fuels the market growth.
- Technological advancements and government investment in hospitals are expected to boost the ophthalmic refractometer market growth.
Restraints:
- High Cost of the ophthalmic refractometer.
- Calibration errors while using the auto refractor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ophthalmic refractometer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ophthalmic refractometer market in these regions.
IMPACT OF COVID-19 ON OPHTHALMIC REFRACTOMETER MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and impacted the overall global market. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities. It has also hampered the ophthalmic refractometer market. As the coronavirus can enter the body of a person through the mucous membranes of the eyes, therefore, regulatory authorities advised people not to visit hospitals and eye clinics until it's an emergency case such as glaucoma, partial blindness, etc. If needed, the procedure is carried out in hospitals and clinics under stringent conditions. Apart from that, clinicians should interact with the patients through telemedicine for the treatment of eye disorders.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ophthalmic refractometer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ophthalmic refractometer market in these regions.
IMPACT OF COVID-19 ON OPHTHALMIC REFRACTOMETER MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and impacted the overall global market. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities. It has also hampered the ophthalmic refractometer market. As the coronavirus can enter the body of a person through the mucous membranes of the eyes, therefore, regulatory authorities advised people not to visit hospitals and eye clinics until it's an emergency case such as glaucoma, partial blindness, etc. If needed, the procedure is carried out in hospitals and clinics under stringent conditions. Apart from that, clinicians should interact with the patients through telemedicine for the treatment of eye disorders.
MARKET PLAYERS
The report covers key developments in the ophthalmic refractometer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from ophthalmic refractometer market are anticipated to have lucrative growth opportunities in the future with the rising demand for ophthalmic refractometer in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ophthalmic refractometer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Nidek CO., LTD.
- EyeQue Corporation
- Topcon Corporation
- Birmingham Optical Group Ltd.
- Ming Sing Optical
- Essilor International S.A.
- Shanghai Supore
- Taiyuan Xinyuan
- Canon Inc.
- Viewlight LLC
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ophthalmic Refractometer Market - By Type
1.3.2 Ophthalmic Refractometer Market - By Application
1.3.3 Ophthalmic Refractometer Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPHTHALMIC REFRACTOMETER 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. OPHTHALMIC REFRACTOMETER 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. OPHTHALMIC REFRACTOMETER MARKET - GLOBAL MARKET ANALYSIS
6.1. OPHTHALMIC REFRACTOMETER - GLOBAL MARKET OVERVIEW
6.2. OPHTHALMIC REFRACTOMETER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OPHTHALMIC REFRACTOMETER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATIC
7.3.1. Overview
7.3.2. Automatic Market Forecast and Analysis
7.4. PORTABLE/HANDHELD
7.4.1. Overview
7.4.2. Portable/Handheld Market Forecast and Analysis
7.5. NON-PORTABLE
7.5.1. Overview
7.5.2. Non-Portable Market Forecast and Analysis
7.6. SEMI-AUTOMATIC.
7.6.1. Overview
7.6.2. Semi-Automatic. Market Forecast and Analysis
8. OPHTHALMIC REFRACTOMETER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OPTOMETRIC CENTERS
8.3.1. Overview
8.3.2. Optometric Centers Market Forecast and Analysis
8.4. HOSPITALS AND CLINICS
8.4.1. Overview
8.4.2. Hospitals and Clinics Market Forecast and Analysis
8.5. OTHERS.
8.5.1. Overview
8.5.2. Others. Market Forecast and Analysis
9. OPHTHALMIC REFRACTOMETER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ophthalmic Refractometer Market Overview
9.1.2 North America Ophthalmic Refractometer Market Forecasts and Analysis
9.1.3 North America Ophthalmic Refractometer Market Forecasts and Analysis - By Type
9.1.4 North America Ophthalmic Refractometer Market Forecasts and Analysis - By Application
9.1.5 North America Ophthalmic Refractometer Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Ophthalmic Refractometer Market
9.1.5.1.1 Canada Ophthalmic Refractometer Market by Type
9.1.5.1.2 Canada Ophthalmic Refractometer Market by Application
9.1.5.2 Mexico Ophthalmic Refractometer Market
9.1.5.2.1 Mexico Ophthalmic Refractometer Market by Type
9.1.5.2.2 Mexico Ophthalmic Refractometer Market by Application
9.1.5.3 US Ophthalmic Refractometer Market
9.1.5.3.1 US Ophthalmic Refractometer Market by Type
9.1.5.3.2 US Ophthalmic Refractometer Market by Application
9.2. EUROPE
9.2.1 Europe Ophthalmic Refractometer Market Overview
9.2.2 Europe Ophthalmic Refractometer Market Forecasts and Analysis
9.2.3 Europe Ophthalmic Refractometer Market Forecasts and Analysis - By Type
9.2.4 Europe Ophthalmic Refractometer Market Forecasts and Analysis - By Application
9.2.5 Europe Ophthalmic Refractometer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ophthalmic Refractometer Market
9.2.5.1.1 Germany Ophthalmic Refractometer Market by Type
9.2.5.1.2 Germany Ophthalmic Refractometer Market by Application
9.2.5.2 France Ophthalmic Refractometer Market
9.2.5.2.1 France Ophthalmic Refractometer Market by Type
9.2.5.2.2 France Ophthalmic Refractometer Market by Application
9.2.5.3 Italy Ophthalmic Refractometer Market
9.2.5.3.1 Italy Ophthalmic Refractometer Market by Type
9.2.5.3.2 Italy Ophthalmic Refractometer Market by Application
9.2.5.4 Spain Ophthalmic Refractometer Market
9.2.5.4.1 Spain Ophthalmic Refractometer Market by Type
9.2.5.4.2 Spain Ophthalmic Refractometer Market by Application
9.2.5.5 United Kingdom Ophthalmic Refractometer Market
9.2.5.5.1 United Kingdom Ophthalmic Refractometer Market by Type
9.2.5.5.2 United Kingdom Ophthalmic Refractometer Market by Application
9.2.5.6 Rest of Europe Ophthalmic Refractometer Market
9.2.5.6.1 Rest of Europe Ophthalmic Refractometer Market by Type
9.2.5.6.2 Rest of Europe Ophthalmic Refractometer Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ophthalmic Refractometer Market Overview
9.3.2 Asia-Pacific Ophthalmic Refractometer Market Forecasts and Analysis
9.3.3 Asia-Pacific Ophthalmic Refractometer Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Ophthalmic Refractometer Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Ophthalmic Refractometer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ophthalmic Refractometer Market
9.3.5.1.1 Australia Ophthalmic Refractometer Market by Type
9.3.5.1.2 Australia Ophthalmic Refractometer Market by Application
9.3.5.2 China Ophthalmic Refractometer Market
9.3.5.2.1 China Ophthalmic Refractometer Market by Type
9.3.5.2.2 China Ophthalmic Refractometer Market by Application
9.3.5.3 India Ophthalmic Refractometer Market
9.3.5.3.1 India Ophthalmic Refractometer Market by Type
9.3.5.3.2 India Ophthalmic Refractometer Market by Application
9.3.5.4 Japan Ophthalmic Refractometer Market
9.3.5.4.1 Japan Ophthalmic Refractometer Market by Type
9.3.5.4.2 Japan Ophthalmic Refractometer Market by Application
9.3.5.5 South Korea Ophthalmic Refractometer Market
9.3.5.5.1 South Korea Ophthalmic Refractometer Market by Type
9.3.5.5.2 South Korea Ophthalmic Refractometer Market by Application
9.3.5.6 Rest of Asia-Pacific Ophthalmic Refractometer Market
9.3.5.6.1 Rest of Asia-Pacific Ophthalmic Refractometer Market by Type
9.3.5.6.2 Rest of Asia-Pacific Ophthalmic Refractometer Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ophthalmic Refractometer Market Overview
9.4.2 Middle East and Africa Ophthalmic Refractometer Market Forecasts and Analysis
9.4.3 Middle East and Africa Ophthalmic Refractometer Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Ophthalmic Refractometer Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Ophthalmic Refractometer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ophthalmic Refractometer Market
9.4.5.1.1 South Africa Ophthalmic Refractometer Market by Type
9.4.5.1.2 South Africa Ophthalmic Refractometer Market by Application
9.4.5.2 Saudi Arabia Ophthalmic Refractometer Market
9.4.5.2.1 Saudi Arabia Ophthalmic Refractometer Market by Type
9.4.5.2.2 Saudi Arabia Ophthalmic Refractometer Market by Application
9.4.5.3 U.A.E Ophthalmic Refractometer Market
9.4.5.3.1 U.A.E Ophthalmic Refractometer Market by Type
9.4.5.3.2 U.A.E Ophthalmic Refractometer Market by Application
9.4.5.4 Rest of Middle East and Africa Ophthalmic Refractometer Market
9.4.5.4.1 Rest of Middle East and Africa Ophthalmic Refractometer Market by Type
9.4.5.4.2 Rest of Middle East and Africa Ophthalmic Refractometer Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ophthalmic Refractometer Market Overview
9.5.2 South and Central America Ophthalmic Refractometer Market Forecasts and Analysis
9.5.3 South and Central America Ophthalmic Refractometer Market Forecasts and Analysis - By Type
9.5.4 South and Central America Ophthalmic Refractometer Market Forecasts and Analysis - By Application
9.5.5 South and Central America Ophthalmic Refractometer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ophthalmic Refractometer Market
9.5.5.1.1 Brazil Ophthalmic Refractometer Market by Type
9.5.5.1.2 Brazil Ophthalmic Refractometer Market by Application
9.5.5.2 Argentina Ophthalmic Refractometer Market
9.5.5.2.1 Argentina Ophthalmic Refractometer Market by Type
9.5.5.2.2 Argentina Ophthalmic Refractometer Market by Application
9.5.5.3 Rest of South and Central America Ophthalmic Refractometer Market
9.5.5.3.1 Rest of South and Central America Ophthalmic Refractometer Market by Type
9.5.5.3.2 Rest of South and Central America Ophthalmic Refractometer Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OPHTHALMIC REFRACTOMETER MARKET, KEY COMPANY PROFILES
11.1. NIDEK CO., LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EYEQUE CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TOPCON CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BIRMINGHAM OPTICAL GROUP LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MING SING OPTICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ESSILOR INTERNATIONAL S.A.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHANGHAI SUPORE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TAIYUAN XINYUAN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CANON INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VIEWLIGHT LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. NIDEK CO., LTD.
2. EyeQue Corporation
3. Topcon Corporation
4. Birmingham Optical Group Ltd.
5. Ming Sing Optical
6. Essilor International S.A.
7. Shanghai Supore
8. Taiyuan Xinyuan
9. Canon Inc.
10. VIEWLIGHT LLC
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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