The Pediatric Hip Orthoses Market is expected to register a CAGR of 7.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Fixed, Hip Articulated). The report further presents analysis based on the Applications (Developmental Dysplasia of The Hip (DDH), Legg-CalvE-Perthes Disease (LCP), Cerebral Palsy, Lower Limb Weakness, Others) . 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 Pediatric Hip Orthoses 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.
Pediatric Hip Orthoses Market Segmentation
Type- Fixed
- Hip Articulated
- Developmental Dysplasia of The Hip
- Legg-CalvE-Perthes Disease
- Cerebral Palsy
- Lower Limb Weakness
- Others
Strategic Insights
Pediatric Hip Orthoses Market Growth Drivers- Increasing Incidence of Hip Dysplasia and Other Pediatric Hip Disorders: The most critical driver for the pediatric hip orthoses market is the increasing prevalence of pediatric hip disorders, primarily developmental dysplasia of the hip, DDH. DDH is a condition that affects infants and young children because their hip joints do not develop correctly, leading to dislocation or abnormal alignment of the joint. For example, numerous studies have demonstrated the importance of early detection and treatment involving orthotic devices in preventing permanent joint damage and disability. DDH and other pediatrics hip conditions are on the rise due to genetic predispositions and environmental factors. Such an increased requirement for hip orthoses is driving the market forward.
- Advances in Orthotic Technology: Advances in material and design technology further characterize the pediatric hip orthoses market. Modern orthoses, though perhaps heavier than they used to be, are much more comfortable to wear and have better support and stabilization properties compared with older models. Better patient compliance and shorter recovery time result from advanced customized-fitting orthotic devices, 3D printing technologies, carbon fiber, and thermoplastic composites. These advancements make treatment more effective and attractive to both clinicians and patients, thus increasing the demand for pediatric hip orthoses.
- Rising awareness and early diagnosis: Awareness of pediatric hip disorders, especially in developed countries, is one reason for making easier diagnoses and treatments. For pediatricians, orthopedic specialists, and parents to be alerted to possible symptoms of hip abnormalities found in infants and children, hip orthoses can then intervene in such a case early on to avoid more debilitating complications such as hip arthritis or even hip surgery when the child is more matured. This awareness is driving the demand for hip orthotic devices, more so with healthcare providers emphasizing non-invasive treatment.
- Minimally Invasive Approaches: There is currently a trend towards minimally invasive interventions for pediatric hip conditions according to the general direction of the orthopedic industry. In severe instances, intervention may still be surgical in nature but increasing preference is being accorded to non-surgical interventions like hip orthoses. This is because there is a high demand for minimal pain, scarring, and recovery time especially in children. This is because, as the effectiveness of non-invasive treatments becomes more evident, hip orthoses are increasingly being used as a first-line therapy.
- Incorporation of Digital Tools: Digital tools are being used more frequently in pediatric hip orthoses. Modern technologies as well as advanced imaging techniques, such as 3D imaging and CAD, are now used by clinicians to produce highly accurate and functional devices. Applications on mobile and wearable devices are integrated in the rehabilitation process and help follow through on the followup of treatment and readjustments. These digital tools help enhance patient outcomes and improve the overall efficacy of treatment plans.
- Increased Focus on Pediatric Rehabilitation: Rehabilitation and post-operative care are fast becoming major trends in the pediatric orthotics market. The modern pediatric hip orthosis is no longer just an immobilizing device stabilizing the hip; it now includes aspects of rehabilitation after surgery or trauma. Rehabilitation is rapidly gaining a place in the management of the pediatric orthopedic patient, and therefore, the demand for hip orthotics that support long-term recovery and functional restoration is increasing.
- Pediatric Specific Orthotic Innovation Opportunity: Manufacturers can innovate on developing completely new pediatric: specific orthotic solutions that meet the specific needs of the young patient population. This includes color and design changes that are more child: friendly, inviting appearance, comfort features, and designs more compatible with an active lifestyle allowing children to be able to move freely while therapeutically supported.
- Hospital and Health Care Provider Partnerships: Hospital, pediatric clinics, and rehabilitation facilities would be the greatest growth for the pediatric hip orthoses market. The closer relationship with healthcare providers means that companies can work harder to meet the clinical standards and therefore be more integral in developing a treatment plans. This also could generate new products and innovations that companies may need to include into their final product based on real: world clinical feedback.
- 3D Printing Adoption for Cost: Effective Solutions: 3D printing technology allows for the possible production of pediatric hip orthoses more cost: efficiently and economically. The benefit of the technology is the faster creation of products with reduced costs, and the devices can be very customized on a large scale. High demand for customized orthoses drives the opportunity offered by 3D printing: fulfilling the demand while keeping costs affordable within the frames of families and healthcare systems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pediatric Hip Orthoses 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 Pediatric Hip Orthoses 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 Pediatric Hip Orthoses Market is estimated to witness a CAGR of 7.4% from 202#to 2031
The major factors driving the Pediatric Hip Orthoses market are:
1. Increasing Incidence of Hip Dysplasia and Other Pediatric Hip Disorders
2. Advances in Orthotic Technology
Pediatric-Specific Orthotic Innovation Opportunity act as a opportunity for growth of the market in forecast period.
North America region dominated the Pediatric Hip Orthoses market in 2023.
Players operating in the market are Becker Orthopedic, Scheck and Siress, Orthomerica Products, Inc., Steeper, Trulife Group Limited, Basco Healthcare, Otto Bock, Performance Health, Fillauer, Allard international
Fixed segment, by Type, dominated the market in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pediatric Hip Orthoses Market - By Type
1.3.2 Pediatric Hip Orthoses Market - By Applications
1.3.3 Pediatric Hip Orthoses Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEDIATRIC HIP ORTHOSES 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. PEDIATRIC HIP ORTHOSES 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. PEDIATRIC HIP ORTHOSES MARKET - GLOBAL MARKET ANALYSIS
6.1. PEDIATRIC HIP ORTHOSES - GLOBAL MARKET OVERVIEW
6.2. PEDIATRIC HIP ORTHOSES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEDIATRIC HIP ORTHOSES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED
7.3.1. Overview
7.3.2. Fixed Market Forecast and Analysis
7.4. HIP ARTICULATED
7.4.1. Overview
7.4.2. Hip Articulated Market Forecast and Analysis
8. PEDIATRIC HIP ORTHOSES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. DEVELOPMENTAL DYSPLASIA OF THE HIP (DDH)
8.3.1. Overview
8.3.2. Developmental Dysplasia of The Hip (DDH) Market Forecast and Analysis
8.4. LEGG-CALVE-PERTHES DISEASE (LCP)
8.4.1. Overview
8.4.2. Legg-CalvE-Perthes Disease (LCP) Market Forecast and Analysis
8.5. CEREBRAL PALSY
8.5.1. Overview
8.5.2. Cerebral Palsy Market Forecast and Analysis
8.6. LOWER LIMB WEAKNESS
8.6.1. Overview
8.6.2. Lower Limb Weakness Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PEDIATRIC HIP ORTHOSES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pediatric Hip Orthoses Market Overview
9.1.2 North America Pediatric Hip Orthoses Market Forecasts and Analysis
9.1.3 North America Pediatric Hip Orthoses Market Forecasts and Analysis - By Type
9.1.4 North America Pediatric Hip Orthoses Market Forecasts and Analysis - By Applications
9.1.5 North America Pediatric Hip Orthoses Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pediatric Hip Orthoses Market
9.1.5.1.1 United States Pediatric Hip Orthoses Market by Type
9.1.5.1.2 United States Pediatric Hip Orthoses Market by Applications
9.1.5.2 Canada Pediatric Hip Orthoses Market
9.1.5.2.1 Canada Pediatric Hip Orthoses Market by Type
9.1.5.2.2 Canada Pediatric Hip Orthoses Market by Applications
9.1.5.3 Mexico Pediatric Hip Orthoses Market
9.1.5.3.1 Mexico Pediatric Hip Orthoses Market by Type
9.1.5.3.2 Mexico Pediatric Hip Orthoses Market by Applications
9.2. EUROPE
9.2.1 Europe Pediatric Hip Orthoses Market Overview
9.2.2 Europe Pediatric Hip Orthoses Market Forecasts and Analysis
9.2.3 Europe Pediatric Hip Orthoses Market Forecasts and Analysis - By Type
9.2.4 Europe Pediatric Hip Orthoses Market Forecasts and Analysis - By Applications
9.2.5 Europe Pediatric Hip Orthoses Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pediatric Hip Orthoses Market
9.2.5.1.1 Germany Pediatric Hip Orthoses Market by Type
9.2.5.1.2 Germany Pediatric Hip Orthoses Market by Applications
9.2.5.2 France Pediatric Hip Orthoses Market
9.2.5.2.1 France Pediatric Hip Orthoses Market by Type
9.2.5.2.2 France Pediatric Hip Orthoses Market by Applications
9.2.5.3 Italy Pediatric Hip Orthoses Market
9.2.5.3.1 Italy Pediatric Hip Orthoses Market by Type
9.2.5.3.2 Italy Pediatric Hip Orthoses Market by Applications
9.2.5.4 Spain Pediatric Hip Orthoses Market
9.2.5.4.1 Spain Pediatric Hip Orthoses Market by Type
9.2.5.4.2 Spain Pediatric Hip Orthoses Market by Applications
9.2.5.5 United Kingdom Pediatric Hip Orthoses Market
9.2.5.5.1 United Kingdom Pediatric Hip Orthoses Market by Type
9.2.5.5.2 United Kingdom Pediatric Hip Orthoses Market by Applications
9.2.5.6 Rest of Europe Pediatric Hip Orthoses Market
9.2.5.6.1 Rest of Europe Pediatric Hip Orthoses Market by Type
9.2.5.6.2 Rest of Europe Pediatric Hip Orthoses Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pediatric Hip Orthoses Market Overview
9.3.2 Asia-Pacific Pediatric Hip Orthoses Market Forecasts and Analysis
9.3.3 Asia-Pacific Pediatric Hip Orthoses Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Pediatric Hip Orthoses Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Pediatric Hip Orthoses Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pediatric Hip Orthoses Market
9.3.5.1.1 Australia Pediatric Hip Orthoses Market by Type
9.3.5.1.2 Australia Pediatric Hip Orthoses Market by Applications
9.3.5.2 China Pediatric Hip Orthoses Market
9.3.5.2.1 China Pediatric Hip Orthoses Market by Type
9.3.5.2.2 China Pediatric Hip Orthoses Market by Applications
9.3.5.3 India Pediatric Hip Orthoses Market
9.3.5.3.1 India Pediatric Hip Orthoses Market by Type
9.3.5.3.2 India Pediatric Hip Orthoses Market by Applications
9.3.5.4 Japan Pediatric Hip Orthoses Market
9.3.5.4.1 Japan Pediatric Hip Orthoses Market by Type
9.3.5.4.2 Japan Pediatric Hip Orthoses Market by Applications
9.3.5.5 South Korea Pediatric Hip Orthoses Market
9.3.5.5.1 South Korea Pediatric Hip Orthoses Market by Type
9.3.5.5.2 South Korea Pediatric Hip Orthoses Market by Applications
9.3.5.6 Rest of Asia-Pacific Pediatric Hip Orthoses Market
9.3.5.6.1 Rest of Asia-Pacific Pediatric Hip Orthoses Market by Type
9.3.5.6.2 Rest of Asia-Pacific Pediatric Hip Orthoses Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pediatric Hip Orthoses Market Overview
9.4.2 Middle East and Africa Pediatric Hip Orthoses Market Forecasts and Analysis
9.4.3 Middle East and Africa Pediatric Hip Orthoses Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Pediatric Hip Orthoses Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Pediatric Hip Orthoses Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pediatric Hip Orthoses Market
9.4.5.1.1 South Africa Pediatric Hip Orthoses Market by Type
9.4.5.1.2 South Africa Pediatric Hip Orthoses Market by Applications
9.4.5.2 Saudi Arabia Pediatric Hip Orthoses Market
9.4.5.2.1 Saudi Arabia Pediatric Hip Orthoses Market by Type
9.4.5.2.2 Saudi Arabia Pediatric Hip Orthoses Market by Applications
9.4.5.3 U.A.E Pediatric Hip Orthoses Market
9.4.5.3.1 U.A.E Pediatric Hip Orthoses Market by Type
9.4.5.3.2 U.A.E Pediatric Hip Orthoses Market by Applications
9.4.5.4 Rest of Middle East and Africa Pediatric Hip Orthoses Market
9.4.5.4.1 Rest of Middle East and Africa Pediatric Hip Orthoses Market by Type
9.4.5.4.2 Rest of Middle East and Africa Pediatric Hip Orthoses Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pediatric Hip Orthoses Market Overview
9.5.2 South and Central America Pediatric Hip Orthoses Market Forecasts and Analysis
9.5.3 South and Central America Pediatric Hip Orthoses Market Forecasts and Analysis - By Type
9.5.4 South and Central America Pediatric Hip Orthoses Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Pediatric Hip Orthoses Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pediatric Hip Orthoses Market
9.5.5.1.1 Brazil Pediatric Hip Orthoses Market by Type
9.5.5.1.2 Brazil Pediatric Hip Orthoses Market by Applications
9.5.5.2 Argentina Pediatric Hip Orthoses Market
9.5.5.2.1 Argentina Pediatric Hip Orthoses Market by Type
9.5.5.2.2 Argentina Pediatric Hip Orthoses Market by Applications
9.5.5.3 Rest of South and Central America Pediatric Hip Orthoses Market
9.5.5.3.1 Rest of South and Central America Pediatric Hip Orthoses Market by Type
9.5.5.3.2 Rest of South and Central America Pediatric Hip Orthoses Market by Applications
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. PEDIATRIC HIP ORTHOSES MARKET, KEY COMPANY PROFILES
11.1. BECKER ORTHOPEDIC
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. SCHECK AND SIRESS
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. ORTHOMERICA PRODUCTS, INC
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. STEEPER
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. TRULIFE GROUP LIMITED
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. BASKO HEALTHCARE
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. OTTO BOCK
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. PERFORMANCE HEALTH
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. FILLAUER
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. ALLARD INTERNATIONAL
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.Becker Orthopedic
2.Scheck and Siress
3.Orthomerica Products, Inc
4.Steeper
5.Trulife Group Limited
6.Basko Healthcare
7.Otto Bock
8.Performance Health
9.Fillauer
10.Allard International
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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