Pharmacy Automation Market Dynamics 2021-2031
Pharmacy stores have very complex structure of management and this needs to be managed so that it could be easy to handle the pharmacy with very minimum human power. Pharmacy automation makes the process of dispensing medicine very easy and time-efficient.
MARKET SCOPE
The "Global Pharmacy Automation 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 Pharmacy Automation market with detailed market segmentation by roduct and end user. The report provides key statistics on the market status of the leading Pharmacy Automation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product the market is segmented as, centralized automation, decentralized automation, automated packaging and labeling, medication compounding, storage and retrieval, and other automation.
- Based on end user the market is segmented as, inpatient pharmacies, outpatient pharmacies, pharmacy management organizations, and retail pharmacies.
MARKET DYNAMICS
Drivers:
- Increasing medication dispensing time.
- Rising issues of pharmacists as manpower at the pharmacies.
- The increasing number of pharmacies at hospitals is expected to fuel the market.
Restraints:
- Whereas, high cost of pharmacy management is expected to restrain market growth during the forecast period.
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 and Central America. The Pharmacy Automation 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 and Central America after evaluating political, economic, social and technological factors affecting the Pharmacy Automation market in these regions.
IMPACT OF COVID-19 ON PHARMACY AUTOMATION 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms 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. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 and Central America. The Pharmacy Automation 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 and Central America after evaluating political, economic, social and technological factors affecting the Pharmacy Automation market in these regions.
IMPACT OF COVID-19 ON PHARMACY AUTOMATION 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, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms 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. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Pharmacy Automation 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pharmacy Automation market are anticipated to lucrative growth opportunities in the future with the rising demand for Pharmacy Automation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pharmacy Automation 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.
- BECTON
- DICKINSON
- OMNICELL, INC.
- CERNER CORPORATION
- CAPSA HEALTHCARE
- PARATA SYSTEMS LLC
- BAXTER INTERNATIONAL, INC.
- SCRIPT PRO
- KUKA AG
- TCGRX PHARMACY WORKFLOW SOLUTIONS
- RX SAFE
- TALYST SYSTEMS
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pharmacy Automation Market - By Product
1.3.2 Pharmacy Automation Market - By End User
1.3.3 Pharmacy Automation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PHARMACY AUTOMATION 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. PHARMACY AUTOMATION 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. PHARMACY AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. PHARMACY AUTOMATION - GLOBAL MARKET OVERVIEW
6.2. PHARMACY AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PHARMACY AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CENTRALIZED AUTOMATION
7.3.1. Overview
7.3.2. Centralized Automation Market Forecast and Analysis
7.4. DECENTRALIZED AUTOMATION
7.4.1. Overview
7.4.2. Decentralized Automation Market Forecast and Analysis
7.5. AUTOMATED PACKAGING AND LABELLING
7.5.1. Overview
7.5.2. Automated Packaging And Labelling Market Forecast and Analysis
7.6. MEDICATION COMPOUNDING
7.6.1. Overview
7.6.2. Medication Compounding Market Forecast and Analysis
7.7. STORAGE AND RETRIEVAL
7.7.1. Overview
7.7.2. Storage And Retrieval Market Forecast and Analysis
7.8. OTHER AUTOMATION
7.8.1. Overview
7.8.2. Other Automation Market Forecast and Analysis
8. PHARMACY AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. INPATIENT PHARMACIES
8.3.1. Overview
8.3.2. Inpatient Pharmacies Market Forecast and Analysis
8.4. OUTPATIENT PHARMACIES
8.4.1. Overview
8.4.2. Outpatient Pharmacies Market Forecast and Analysis
8.5. PHARMACY MANAGEMENT ORGANIZATIONS
8.5.1. Overview
8.5.2. Pharmacy Management Organizations Market Forecast and Analysis
8.6. RETAIL PHARMACIES
8.6.1. Overview
8.6.2. Retail Pharmacies Market Forecast and Analysis
9. PHARMACY AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pharmacy Automation Market Overview
9.1.2 North America Pharmacy Automation Market Forecasts and Analysis
9.1.3 North America Pharmacy Automation Market Forecasts and Analysis - By Product
9.1.4 North America Pharmacy Automation Market Forecasts and Analysis - By End User
9.1.5 North America Pharmacy Automation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pharmacy Automation Market
9.1.5.1.1 United States Pharmacy Automation Market by Product
9.1.5.1.2 United States Pharmacy Automation Market by End User
9.1.5.2 Canada Pharmacy Automation Market
9.1.5.2.1 Canada Pharmacy Automation Market by Product
9.1.5.2.2 Canada Pharmacy Automation Market by End User
9.1.5.3 Mexico Pharmacy Automation Market
9.1.5.3.1 Mexico Pharmacy Automation Market by Product
9.1.5.3.2 Mexico Pharmacy Automation Market by End User
9.2. EUROPE
9.2.1 Europe Pharmacy Automation Market Overview
9.2.2 Europe Pharmacy Automation Market Forecasts and Analysis
9.2.3 Europe Pharmacy Automation Market Forecasts and Analysis - By Product
9.2.4 Europe Pharmacy Automation Market Forecasts and Analysis - By End User
9.2.5 Europe Pharmacy Automation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pharmacy Automation Market
9.2.5.1.1 Germany Pharmacy Automation Market by Product
9.2.5.1.2 Germany Pharmacy Automation Market by End User
9.2.5.2 France Pharmacy Automation Market
9.2.5.2.1 France Pharmacy Automation Market by Product
9.2.5.2.2 France Pharmacy Automation Market by End User
9.2.5.3 Italy Pharmacy Automation Market
9.2.5.3.1 Italy Pharmacy Automation Market by Product
9.2.5.3.2 Italy Pharmacy Automation Market by End User
9.2.5.4 Spain Pharmacy Automation Market
9.2.5.4.1 Spain Pharmacy Automation Market by Product
9.2.5.4.2 Spain Pharmacy Automation Market by End User
9.2.5.5 United Kingdom Pharmacy Automation Market
9.2.5.5.1 United Kingdom Pharmacy Automation Market by Product
9.2.5.5.2 United Kingdom Pharmacy Automation Market by End User
9.2.5.6 Rest of Europe Pharmacy Automation Market
9.2.5.6.1 Rest of Europe Pharmacy Automation Market by Product
9.2.5.6.2 Rest of Europe Pharmacy Automation Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pharmacy Automation Market Overview
9.3.2 Asia-Pacific Pharmacy Automation Market Forecasts and Analysis
9.3.3 Asia-Pacific Pharmacy Automation Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Pharmacy Automation Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Pharmacy Automation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pharmacy Automation Market
9.3.5.1.1 Australia Pharmacy Automation Market by Product
9.3.5.1.2 Australia Pharmacy Automation Market by End User
9.3.5.2 China Pharmacy Automation Market
9.3.5.2.1 China Pharmacy Automation Market by Product
9.3.5.2.2 China Pharmacy Automation Market by End User
9.3.5.3 India Pharmacy Automation Market
9.3.5.3.1 India Pharmacy Automation Market by Product
9.3.5.3.2 India Pharmacy Automation Market by End User
9.3.5.4 Japan Pharmacy Automation Market
9.3.5.4.1 Japan Pharmacy Automation Market by Product
9.3.5.4.2 Japan Pharmacy Automation Market by End User
9.3.5.5 South Korea Pharmacy Automation Market
9.3.5.5.1 South Korea Pharmacy Automation Market by Product
9.3.5.5.2 South Korea Pharmacy Automation Market by End User
9.3.5.6 Rest of Asia-Pacific Pharmacy Automation Market
9.3.5.6.1 Rest of Asia-Pacific Pharmacy Automation Market by Product
9.3.5.6.2 Rest of Asia-Pacific Pharmacy Automation Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pharmacy Automation Market Overview
9.4.2 Middle East and Africa Pharmacy Automation Market Forecasts and Analysis
9.4.3 Middle East and Africa Pharmacy Automation Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Pharmacy Automation Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Pharmacy Automation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pharmacy Automation Market
9.4.5.1.1 South Africa Pharmacy Automation Market by Product
9.4.5.1.2 South Africa Pharmacy Automation Market by End User
9.4.5.2 Saudi Arabia Pharmacy Automation Market
9.4.5.2.1 Saudi Arabia Pharmacy Automation Market by Product
9.4.5.2.2 Saudi Arabia Pharmacy Automation Market by End User
9.4.5.3 U.A.E Pharmacy Automation Market
9.4.5.3.1 U.A.E Pharmacy Automation Market by Product
9.4.5.3.2 U.A.E Pharmacy Automation Market by End User
9.4.5.4 Rest of Middle East and Africa Pharmacy Automation Market
9.4.5.4.1 Rest of Middle East and Africa Pharmacy Automation Market by Product
9.4.5.4.2 Rest of Middle East and Africa Pharmacy Automation Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pharmacy Automation Market Overview
9.5.2 South and Central America Pharmacy Automation Market Forecasts and Analysis
9.5.3 South and Central America Pharmacy Automation Market Forecasts and Analysis - By Product
9.5.4 South and Central America Pharmacy Automation Market Forecasts and Analysis - By End User
9.5.5 South and Central America Pharmacy Automation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pharmacy Automation Market
9.5.5.1.1 Brazil Pharmacy Automation Market by Product
9.5.5.1.2 Brazil Pharmacy Automation Market by End User
9.5.5.2 Argentina Pharmacy Automation Market
9.5.5.2.1 Argentina Pharmacy Automation Market by Product
9.5.5.2.2 Argentina Pharmacy Automation Market by End User
9.5.5.3 Rest of South and Central America Pharmacy Automation Market
9.5.5.3.1 Rest of South and Central America Pharmacy Automation Market by Product
9.5.5.3.2 Rest of South and Central America Pharmacy Automation 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. PHARMACY AUTOMATION MARKET, KEY COMPANY PROFILES
11.1. BECTON
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. DICKINSON
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. OMNICELL, 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. CERNER CORPORATION
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. CAPSA HEALTHCARE
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. PARATA SYSTEMS LLC
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. BAXTER INTERNATIONAL, INC.
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. SCRIPT PRO
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. KUKA AG
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. TCGRX PHARMACY WORKFLOW SOLUTIONS
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
11.11. RX SAFE
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. TALYST SYSTEMS
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. LLC
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Becton
2.Dickinson
3.Omnicell, Inc.
4.Cerner Corporation
5.Capsa Healthcare
6.Parata Systems LLC
7.Baxter International, Inc.
8.Script Pro
9.KUKA AG
10.TCGRx Pharmacy Workflow Solutions
11.Rx Safe
12.Talyst Systems
13.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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