Optometry or Eye Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Eye examination equipment are required for the diagnosis and treatment of various eye diseases such as cataract, conjunctivitis, glaucoma, and other diseases. Ophthalmoscopes, retinoscopes, fundus cameras and other devices are majorly used for retinal and glaucoma examination while wavefront aberrometer, corneal topography systems and others are used for corneal and cataract examination.
MARKET DYNAMICS
The optometry/eye exam equipment market is expected to grow significantly in the coming years, owing to the key factors such as rising emphasis on eye care, increasing demand for ophthalmology equipment and instruments and availability of eye treatments in specialty hospitals. Extensive use of eye examination devices creates growth opportunities for the market.
MARKET SCOPE
The "Global Optometry or Eye Equipment Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of optometry or eye equipment market with detailed market segmentation by type, end user and geography. The global optometry or eye equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading optometry or eye equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global optometry/eye exam equipment market is segmented on the basis of type, and end user. On the basis of type, the market is segmented into retina and glaucoma examination products, general examination products, and cornea and cataract examination products. On the basis of end user, the market is segmented into clinics, hospitals 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 optometry or eye equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The optometry or eye equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting optometry or eye equipment 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 after evaluating political, economic, social and technological factors effecting the optometry or eye equipment market in these regions.
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global optometry or eye equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The optometry or eye equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting optometry or eye equipment 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 after evaluating political, economic, social and technological factors effecting the optometry or eye equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the optometry or eye equipment 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 expansion of business and customer base of market players. The market payers from optometry or eye equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for optometry or eye equipment market in the global market. Below mentioned is the list of few companies engaged in the optometry or eye equipment market.
The report also includes the profiles of key optometry or eye equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Carl Zeiss Meditec AG
- HAAG-STREIT GROUP
- TOPCON CORPORATION
- NIDEK CO., LTD
- Heidelberg Engineering GmbH
- Sonomed Escalon
- Canon
- HEINE Optotechnik GmbH & Co. KG
- Luneau Technology USA, Inc.
- Essilor
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
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 Optometry Or Eye Exam Equipment Market - By Type
1.3.2 Optometry Or Eye Exam Equipment Market - By End User
1.3.3 Optometry Or Eye Exam Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPTOMETRY OR EYE EXAM EQUIPMENT 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. OPTOMETRY OR EYE EXAM EQUIPMENT 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. OPTOMETRY OR EYE EXAM EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. OPTOMETRY OR EYE EXAM EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. OPTOMETRY OR EYE EXAM EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OPTOMETRY OR EYE EXAM EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. RETINA AND GLAUCOMA EXAMINATION PRODUCTS
7.3.1. Overview
7.3.2. Retina and Glaucoma Examination Products Market Forecast and Analysis
7.3.3. Ophthalmoscopes Market
7.3.3.1. Overview
7.3.3.2. Ophthalmoscopes Market Forecast and Analysis
7.3.4. Retinoscopes Market
7.3.4.1. Overview
7.3.4.2. Retinoscopes Market Forecast and Analysis
7.3.5. Fundus Cameras Market
7.3.5.1. Overview
7.3.5.2. Fundus Cameras Market Forecast and Analysis
7.3.6. OCT Scanners Market
7.3.6.1. Overview
7.3.6.2. OCT Scanners Market Forecast and Analysis
7.3.7. Perimeters/Visual Field Analyzer Market
7.3.7.1. Overview
7.3.7.2. Perimeters/Visual Field Analyzer Market Forecast and Analysis
7.3.8. Market
7.3.8.1. Overview
7.3.8.2. Market Forecast and Analysis
7.4. GENERAL EXAMINATION PRODUCTS
7.4.1. Overview
7.4.2. General Examination Products Market Forecast and Analysis
7.4.3. Autorefractors and Keratometers Market
7.4.3.1. Overview
7.4.3.2. Autorefractors and Keratometers Market Forecast and Analysis
7.4.4. Ophthalmic Ultrasound Systems Market
7.4.4.1. Overview
7.4.4.2. Ophthalmic Ultrasound Systems Market Forecast and Analysis
7.4.5. Tonometers Market
7.4.5.1. Overview
7.4.5.2. Tonometers Market Forecast and Analysis
7.4.6. Slit Lamps Market
7.4.6.1. Overview
7.4.6.2. Slit Lamps Market Forecast and Analysis
7.4.7. Lensmeters Market
7.4.7.1. Overview
7.4.7.2. Lensmeters Market Forecast and Analysis
7.4.8. Chart Projectors Market
7.4.8.1. Overview
7.4.8.2. Chart Projectors Market Forecast and Analysis
7.5. CORNEA AND CATARACT EXAMINATION PRODUCTS
7.5.1. Overview
7.5.2. Cornea and Cataract Examination Products Market Forecast and Analysis
7.5.3. Wavefront Aberrometers Market
7.5.3.1. Overview
7.5.3.2. Wavefront Aberrometers Market Forecast and Analysis
7.5.4. Corneal Topography Systems Market
7.5.4.1. Overview
7.5.4.2. Corneal Topography Systems Market Forecast and Analysis
7.5.5. Specular Microscopes Market
7.5.5.1. Overview
7.5.5.2. Specular Microscopes Market Forecast and Analysis
7.5.6. Optical Biometry Systems Market
7.5.6.1. Overview
7.5.6.2. Optical Biometry Systems Market Forecast and Analysis
8. OPTOMETRY OR EYE EXAM EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS AND CLINICS
8.3.1. Overview
8.3.2. Hospitals and Clinics Market Forecast and Analysis
8.3.3. Specilaty Eye Clinics Market
8.3.3.1. Overview
8.3.3.2. Specilaty Eye Clinics Market Forecast and Analysis
9. OPTOMETRY OR EYE EXAM EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Optometry Or Eye Exam Equipment Market Overview
9.1.2 North America Optometry Or Eye Exam Equipment Market Forecasts and Analysis
9.1.3 North America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Type
9.1.4 North America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By End User
9.1.5 North America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Optometry Or Eye Exam Equipment Market
9.1.5.1.1 United States Optometry Or Eye Exam Equipment Market by Type
9.1.5.1.2 United States Optometry Or Eye Exam Equipment Market by End User
9.1.5.2 Canada Optometry Or Eye Exam Equipment Market
9.1.5.2.1 Canada Optometry Or Eye Exam Equipment Market by Type
9.1.5.2.2 Canada Optometry Or Eye Exam Equipment Market by End User
9.1.5.3 Mexico Optometry Or Eye Exam Equipment Market
9.1.5.3.1 Mexico Optometry Or Eye Exam Equipment Market by Type
9.1.5.3.2 Mexico Optometry Or Eye Exam Equipment Market by End User
9.2. EUROPE
9.2.1 Europe Optometry Or Eye Exam Equipment Market Overview
9.2.2 Europe Optometry Or Eye Exam Equipment Market Forecasts and Analysis
9.2.3 Europe Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Type
9.2.4 Europe Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By End User
9.2.5 Europe Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Optometry Or Eye Exam Equipment Market
9.2.5.1.1 Germany Optometry Or Eye Exam Equipment Market by Type
9.2.5.1.2 Germany Optometry Or Eye Exam Equipment Market by End User
9.2.5.2 France Optometry Or Eye Exam Equipment Market
9.2.5.2.1 France Optometry Or Eye Exam Equipment Market by Type
9.2.5.2.2 France Optometry Or Eye Exam Equipment Market by End User
9.2.5.3 Italy Optometry Or Eye Exam Equipment Market
9.2.5.3.1 Italy Optometry Or Eye Exam Equipment Market by Type
9.2.5.3.2 Italy Optometry Or Eye Exam Equipment Market by End User
9.2.5.4 Spain Optometry Or Eye Exam Equipment Market
9.2.5.4.1 Spain Optometry Or Eye Exam Equipment Market by Type
9.2.5.4.2 Spain Optometry Or Eye Exam Equipment Market by End User
9.2.5.5 United Kingdom Optometry Or Eye Exam Equipment Market
9.2.5.5.1 United Kingdom Optometry Or Eye Exam Equipment Market by Type
9.2.5.5.2 United Kingdom Optometry Or Eye Exam Equipment Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Optometry Or Eye Exam Equipment Market Overview
9.3.2 Asia-Pacific Optometry Or Eye Exam Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Optometry Or Eye Exam Equipment Market
9.3.5.1.1 Australia Optometry Or Eye Exam Equipment Market by Type
9.3.5.1.2 Australia Optometry Or Eye Exam Equipment Market by End User
9.3.5.2 China Optometry Or Eye Exam Equipment Market
9.3.5.2.1 China Optometry Or Eye Exam Equipment Market by Type
9.3.5.2.2 China Optometry Or Eye Exam Equipment Market by End User
9.3.5.3 India Optometry Or Eye Exam Equipment Market
9.3.5.3.1 India Optometry Or Eye Exam Equipment Market by Type
9.3.5.3.2 India Optometry Or Eye Exam Equipment Market by End User
9.3.5.4 Japan Optometry Or Eye Exam Equipment Market
9.3.5.4.1 Japan Optometry Or Eye Exam Equipment Market by Type
9.3.5.4.2 Japan Optometry Or Eye Exam Equipment Market by End User
9.3.5.5 South Korea Optometry Or Eye Exam Equipment Market
9.3.5.5.1 South Korea Optometry Or Eye Exam Equipment Market by Type
9.3.5.5.2 South Korea Optometry Or Eye Exam Equipment Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Optometry Or Eye Exam Equipment Market Overview
9.4.2 Middle East and Africa Optometry Or Eye Exam Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Optometry Or Eye Exam Equipment Market
9.4.5.1.1 South Africa Optometry Or Eye Exam Equipment Market by Type
9.4.5.1.2 South Africa Optometry Or Eye Exam Equipment Market by End User
9.4.5.2 Saudi Arabia Optometry Or Eye Exam Equipment Market
9.4.5.2.1 Saudi Arabia Optometry Or Eye Exam Equipment Market by Type
9.4.5.2.2 Saudi Arabia Optometry Or Eye Exam Equipment Market by End User
9.4.5.3 U.A.E Optometry Or Eye Exam Equipment Market
9.4.5.3.1 U.A.E Optometry Or Eye Exam Equipment Market by Type
9.4.5.3.2 U.A.E Optometry Or Eye Exam Equipment Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Optometry Or Eye Exam Equipment Market Overview
9.5.2 South and Central America Optometry Or Eye Exam Equipment Market Forecasts and Analysis
9.5.3 South and Central America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Type
9.5.4 South and Central America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By End User
9.5.5 South and Central America Optometry Or Eye Exam Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Optometry Or Eye Exam Equipment Market
9.5.5.1.1 Brazil Optometry Or Eye Exam Equipment Market by Type
9.5.5.1.2 Brazil Optometry Or Eye Exam Equipment Market by End User
9.5.5.2 Argentina Optometry Or Eye Exam Equipment Market
9.5.5.2.1 Argentina Optometry Or Eye Exam Equipment Market by Type
9.5.5.2.2 Argentina Optometry Or Eye Exam Equipment Market by End User
9.5.5.3 Chile Optometry Or Eye Exam Equipment Market
9.5.5.3.1 Chile Optometry Or Eye Exam Equipment Market by Type
9.5.5.3.2 Chile Optometry Or Eye Exam Equipment Market by End User
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. OPTOMETRY OR EYE EXAM EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. CARL ZEISS MEDITEC AG
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. HAAG-STREIT GROUP
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. NIDEK CO., 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. SONOMED ESCALON
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. CANON
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. HEINE OPTOTECHNIK GMBH AND CO. KG
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. LUNEAU TECHNOLOGY USA, INC.
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. ESSILOR
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. STRYKER
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
The List of Companies
1. Carl Zeiss Meditec AG
2. HAAG-STREIT GROUP
3. TOPCON CORPORATION
4. NIDEK CO., LTD
5. Heidelberg Engineering GmbH
6. Sonomed Escalon
7. Canon
8. HEINE Optotechnik GmbH & Co. KG
9. Luneau Technology USA, Inc.
10. Essilor
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.
Get Free Sample For