Physiotherapy Equipment Market Drivers and Opportunities [2021-2031]
The Physiotherapy Equipment Market is expected to register a CAGR of 6.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Equipment, Accessories), Application (Musculoskeletal Disorders, Neurology Disorders, Cardiovascular Disorders, Pediatric, Gynecological, Others), End User (Hospitals, Physician Offices, Homecare Centers, Physiotherapy & Rehabilitation Centers). 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 Physiotherapy Equipment 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.
Physiotherapy Equipment Market Segmentation
Product- Equipment
- Accessories
- Musculoskeletal Disorders
- Neurology Disorders
- Cardiovascular Disorders
- Pediatric
- Gynecological
- Others
- Hospitals
- Physician Offices
- Homecare Centers
- Physiotherapy & Rehabilitation Centers
Strategic Insights
Physiotherapy Equipment Market Growth Drivers- Demand for Rehabilitation Services: Traction is increasing about the significance of rehab, particularly for patients in a post-operative, injury, or chronic condition state. The need has been identified as an uptrend due to an increased requirement for advanced physiotherapy equipment through units and departments to facilitate effective treatments and recovery.
- The Role of Ageing in Diabetes: A rise in the number of elderly individuals at the global scale tends to be the major cause of age-related health issues, which are usually treated by means of physiotherapy. The change is evident in the new sales package for physiotherapy equipment that specifically addresses the needs of aged care.
- Heightened Health Awareness and Preventive Care: There is a shift to preventive healthcare and fitness, with more physiotherapists being visited for maintaining health and fitness. The shift is, in fact, prompting the demand pickup of various physiotherapy tools and equipment.
- Advancements in Technology: The inclusion of new technologies such as telehealth, wearable gadgets as well as robotics is changing the physiotherapy practice. These advances improve patient care, enhance treatment performance and allow for timely information exchange. For instance, a telehealth solution enables the physiotherapist to offer therapy via video-conferencing, hence improving patients’ access to therapy in case they cannot present physically.
- Personalization and Customization of Treatment: People are becoming increasingly eager to receive treatments specific to their conditions, hence emergent adjustable physiotherapy equipment. This evolution enables the practitioners to provide therapies according to patients’ requirements, hence treatment becomes more effective.
- Rehabilitation and Preventive Care are Gaining Emphasis: There is more focus in healthcare systems in recent years on rehabilitation and preventive care which reinforces the role of physiotherapy in recovery maintenance as well as in injuries prevention. This tendency shall lead to the increased use of physiotherapy apparatus in different environments such as hospitals, outpatient clinics as well as domiciliary care.
- Moving into Emerging Markets: Most of the emerging economies are growing at a faster rate and they have a better healthcare infrastructure in place that makes room for an expansion on physiotherapy services and equipment. Companies can tap into this trend by entering these markets and providing low-cost, high-impact rehabilitation solutions that address the health needs in their communities.
- Emerging Technological Advancements: The injection of several cutting-edge technologies includes artificial intelligence, virtual reality and robotics with physio equipment open up to create substantial avenues. This can increase treatment options, which improve patient compliance and act as shortcuts for healthcare providers to streamline the rehabilitation process.
- Collaboration with Healthcare Providers: Building partnerships with hospitals, clinics, and rehabilitation centers can open new sales channels for physiotherapy equipment. By collaborating with healthcare providers, manufacturers can better understand market needs, tailor their products accordingly, and enhance their distribution networks
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Physiotherapy Equipment 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 Physiotherapy Equipment 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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.
Frequently Asked Questions
Shortage of physicians, complications, and availability of alternatives is the major factors hampering the physiotherapy equipment market growth
The market is expected to grow at a CAGR of 6.5%
The North America region accounts for highest revenue share physiotherapy equipment market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
DJOGlobal, Stryker, Omni International are the major companies operating in the physiotherapy equipment market
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 Physiotherapy Equipment Market - By Product
1.3.2 Physiotherapy Equipment Market - By Application
1.3.3 Physiotherapy Equipment Market - By End User
1.3.4 Physiotherapy Equipment Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PHYSIOTHERAPY 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. PHYSIOTHERAPY 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 AND RESTRAINTS
6. PHYSIOTHERAPY EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. PHYSIOTHERAPY EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. PHYSIOTHERAPY EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PHYSIOTHERAPY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. EQUIPMENT
7.3.1. Overview
7.3.2. Equipment Market Forecast and Analysis
7.3.3. Cryotherapy Market
7.3.3.1. Overview
7.3.3.2. Cryotherapy Market Forecast and Analysis
7.3.4. Hydrotherapy Market
7.3.4.1. Overview
7.3.4.2. Hydrotherapy Market Forecast and Analysis
7.3.5. Continuous Passive Motion Market
7.3.5.1. Overview
7.3.5.2. Continuous Passive Motion Market Forecast and Analysis
7.3.6. Electric Stimulation Market
7.3.6.1. Overview
7.3.6.2. Electric Stimulation Market Forecast and Analysis
7.3.7. Others Market
7.3.7.1. Overview
7.3.7.2. Others Market Forecast and Analysis
7.4. ACCESSORIES
7.4.1. Overview
7.4.2. Accessories Market Forecast and Analysis
8. PHYSIOTHERAPY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MUSCULOSKELETAL DISORDERS
8.3.1. Overview
8.3.2. Musculoskeletal Disorders Market Forecast and Analysis
8.4. NEUROLOGY DISORDERS
8.4.1. Overview
8.4.2. Neurology Disorders Market Forecast and Analysis
8.5. CARDIOVASCULAR DISORDERS
8.5.1. Overview
8.5.2. Cardiovascular Disorders Market Forecast and Analysis
8.6. PEDIATRIC
8.6.1. Overview
8.6.2. Pediatric Market Forecast and Analysis
8.7. GYNECOLOGICAL
8.7.1. Overview
8.7.2. Gynecological Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PHYSIOTHERAPY EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. PHYSICIAN OFFICES
9.4.1. Overview
9.4.2. Physician Offices Market Forecast and Analysis
9.5. HOMECARE CENTERS
9.5.1. Overview
9.5.2. Homecare Centers Market Forecast and Analysis
9.6. PHYSIOTHERAPY AND REHABILITATION CENTERS
9.6.1. Overview
9.6.2. Physiotherapy and Rehabilitation Centers Market Forecast and Analysis
10. PHYSIOTHERAPY EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Physiotherapy Equipment Market Overview
10.1.2 North America Physiotherapy Equipment Market Forecasts and Analysis
10.1.3 North America Physiotherapy Equipment Market Forecasts and Analysis - By Product
10.1.4 North America Physiotherapy Equipment Market Forecasts and Analysis - By Application
10.1.5 North America Physiotherapy Equipment Market Forecasts and Analysis - By End User
10.1.6 North America Physiotherapy Equipment Market Forecasts and Analysis - By Countries
10.1.6.1 United States Physiotherapy Equipment Market
10.1.6.1.1 United States Physiotherapy Equipment Market by Product
10.1.6.1.2 United States Physiotherapy Equipment Market by Application
10.1.6.1.3 United States Physiotherapy Equipment Market by End User
10.1.6.2 Canada Physiotherapy Equipment Market
10.1.6.2.1 Canada Physiotherapy Equipment Market by Product
10.1.6.2.2 Canada Physiotherapy Equipment Market by Application
10.1.6.2.3 Canada Physiotherapy Equipment Market by End User
10.1.6.3 Mexico Physiotherapy Equipment Market
10.1.6.3.1 Mexico Physiotherapy Equipment Market by Product
10.1.6.3.2 Mexico Physiotherapy Equipment Market by Application
10.1.6.3.3 Mexico Physiotherapy Equipment Market by End User
10.2. EUROPE
10.2.1 Europe Physiotherapy Equipment Market Overview
10.2.2 Europe Physiotherapy Equipment Market Forecasts and Analysis
10.2.3 Europe Physiotherapy Equipment Market Forecasts and Analysis - By Product
10.2.4 Europe Physiotherapy Equipment Market Forecasts and Analysis - By Application
10.2.5 Europe Physiotherapy Equipment Market Forecasts and Analysis - By End User
10.2.6 Europe Physiotherapy Equipment Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Physiotherapy Equipment Market
10.2.6.1.1 Germany Physiotherapy Equipment Market by Product
10.2.6.1.2 Germany Physiotherapy Equipment Market by Application
10.2.6.1.3 Germany Physiotherapy Equipment Market by End User
10.2.6.2 France Physiotherapy Equipment Market
10.2.6.2.1 France Physiotherapy Equipment Market by Product
10.2.6.2.2 France Physiotherapy Equipment Market by Application
10.2.6.2.3 France Physiotherapy Equipment Market by End User
10.2.6.3 Italy Physiotherapy Equipment Market
10.2.6.3.1 Italy Physiotherapy Equipment Market by Product
10.2.6.3.2 Italy Physiotherapy Equipment Market by Application
10.2.6.3.3 Italy Physiotherapy Equipment Market by End User
10.2.6.4 Spain Physiotherapy Equipment Market
10.2.6.4.1 Spain Physiotherapy Equipment Market by Product
10.2.6.4.2 Spain Physiotherapy Equipment Market by Application
10.2.6.4.3 Spain Physiotherapy Equipment Market by End User
10.2.6.5 United Kingdom Physiotherapy Equipment Market
10.2.6.5.1 United Kingdom Physiotherapy Equipment Market by Product
10.2.6.5.2 United Kingdom Physiotherapy Equipment Market by Application
10.2.6.5.3 United Kingdom Physiotherapy Equipment Market by End User
10.2.6.6 Rest of Europe Physiotherapy Equipment Market
10.2.6.6.1 Rest of Europe Physiotherapy Equipment Market by Product
10.2.6.6.2 Rest of Europe Physiotherapy Equipment Market by Application
10.2.6.6.3 Rest of Europe Physiotherapy Equipment Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Physiotherapy Equipment Market Overview
10.3.2 Asia-Pacific Physiotherapy Equipment Market Forecasts and Analysis
10.3.3 Asia-Pacific Physiotherapy Equipment Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Physiotherapy Equipment Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Physiotherapy Equipment Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Physiotherapy Equipment Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Physiotherapy Equipment Market
10.3.6.1.1 Australia Physiotherapy Equipment Market by Product
10.3.6.1.2 Australia Physiotherapy Equipment Market by Application
10.3.6.1.3 Australia Physiotherapy Equipment Market by End User
10.3.6.2 China Physiotherapy Equipment Market
10.3.6.2.1 China Physiotherapy Equipment Market by Product
10.3.6.2.2 China Physiotherapy Equipment Market by Application
10.3.6.2.3 China Physiotherapy Equipment Market by End User
10.3.6.3 India Physiotherapy Equipment Market
10.3.6.3.1 India Physiotherapy Equipment Market by Product
10.3.6.3.2 India Physiotherapy Equipment Market by Application
10.3.6.3.3 India Physiotherapy Equipment Market by End User
10.3.6.4 Japan Physiotherapy Equipment Market
10.3.6.4.1 Japan Physiotherapy Equipment Market by Product
10.3.6.4.2 Japan Physiotherapy Equipment Market by Application
10.3.6.4.3 Japan Physiotherapy Equipment Market by End User
10.3.6.5 South Korea Physiotherapy Equipment Market
10.3.6.5.1 South Korea Physiotherapy Equipment Market by Product
10.3.6.5.2 South Korea Physiotherapy Equipment Market by Application
10.3.6.5.3 South Korea Physiotherapy Equipment Market by End User
10.3.6.6 Rest of Asia-Pacific Physiotherapy Equipment Market
10.3.6.6.1 Rest of Asia-Pacific Physiotherapy Equipment Market by Product
10.3.6.6.2 Rest of Asia-Pacific Physiotherapy Equipment Market by Application
10.3.6.6.3 Rest of Asia-Pacific Physiotherapy Equipment Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Physiotherapy Equipment Market Overview
10.4.2 Middle East and Africa Physiotherapy Equipment Market Forecasts and Analysis
10.4.3 Middle East and Africa Physiotherapy Equipment Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Physiotherapy Equipment Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Physiotherapy Equipment Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Physiotherapy Equipment Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Physiotherapy Equipment Market
10.4.6.1.1 South Africa Physiotherapy Equipment Market by Product
10.4.6.1.2 South Africa Physiotherapy Equipment Market by Application
10.4.6.1.3 South Africa Physiotherapy Equipment Market by End User
10.4.6.2 Saudi Arabia Physiotherapy Equipment Market
10.4.6.2.1 Saudi Arabia Physiotherapy Equipment Market by Product
10.4.6.2.2 Saudi Arabia Physiotherapy Equipment Market by Application
10.4.6.2.3 Saudi Arabia Physiotherapy Equipment Market by End User
10.4.6.3 U.A.E Physiotherapy Equipment Market
10.4.6.3.1 U.A.E Physiotherapy Equipment Market by Product
10.4.6.3.2 U.A.E Physiotherapy Equipment Market by Application
10.4.6.3.3 U.A.E Physiotherapy Equipment Market by End User
10.4.6.4 Rest of Middle East and Africa Physiotherapy Equipment Market
10.4.6.4.1 Rest of Middle East and Africa Physiotherapy Equipment Market by Product
10.4.6.4.2 Rest of Middle East and Africa Physiotherapy Equipment Market by Application
10.4.6.4.3 Rest of Middle East and Africa Physiotherapy Equipment Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Physiotherapy Equipment Market Overview
10.5.2 South and Central America Physiotherapy Equipment Market Forecasts and Analysis
10.5.3 South and Central America Physiotherapy Equipment Market Forecasts and Analysis - By Product
10.5.4 South and Central America Physiotherapy Equipment Market Forecasts and Analysis - By Application
10.5.5 South and Central America Physiotherapy Equipment Market Forecasts and Analysis - By End User
10.5.6 South and Central America Physiotherapy Equipment Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Physiotherapy Equipment Market
10.5.6.1.1 Brazil Physiotherapy Equipment Market by Product
10.5.6.1.2 Brazil Physiotherapy Equipment Market by Application
10.5.6.1.3 Brazil Physiotherapy Equipment Market by End User
10.5.6.2 Argentina Physiotherapy Equipment Market
10.5.6.2.1 Argentina Physiotherapy Equipment Market by Product
10.5.6.2.2 Argentina Physiotherapy Equipment Market by Application
10.5.6.2.3 Argentina Physiotherapy Equipment Market by End User
10.5.6.3 Rest of South and Central America Physiotherapy Equipment Market
10.5.6.3.1 Rest of South and Central America Physiotherapy Equipment Market by Product
10.5.6.3.2 Rest of South and Central America Physiotherapy Equipment Market by Application
10.5.6.3.3 Rest of South and Central America Physiotherapy Equipment Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PHYSIOTHERAPY EQUIPMENT MARKET, KEY COMPANY PROFILES
13.1. ENRAF-NONIUS B.V.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. PERFORMANCE HEALTH
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EMS PHYSIO LTD.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DJO GLOBAL, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BTL.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HMS MEDICAL SYSTEMS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MECTRONIC MEDICALE S.R.L.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. BIO-MED INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. STORZ MEDICAL AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZIMMER MEDIZINSYSTEME GMBH
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Enraf-Nonius B.V.
2. Isokinetics Inc.
3. EMS Physio Ltd.
4. DJO Global, Inc.
5. BTL Industries Inc.
6. HMS Medical Systems
7. Richmar
8. Bio-Med Inc.
9. Mectronic Medicale S.r.l.
10. Zimmer MedizinSysteme GmbH
11. STORZ Medical AG
12. Performance Health
13. Chirag Electronics Pvt. Ltd
14. Bharat Medical Systems
15. Zynex, Inc.
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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