The Portable CPR Devices Market is expected to register a CAGR of 18.2% 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 Product (Manual CPR, Automated Mechanical CPR). The report further presents analysis based on Mechanism Type (Piston Devices, Load Distribution Devices, 3D compression devices). Futher, it is segmented based on End User (Hospitals, Clinics, 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 Portable CPR Devices 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.
Portable CPR Devices Market Segmentation
Product- Manual CPR
- Automated Mechanical CPR
- Piston Devices
- Load Distribution Devices
- 3D compression devices
- Hospitals
- Clinics
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Portable CPR Devices Market Growth Drivers- Incidence of Cardiac Arrest Increases: An increasing number of cardiac arrest cases worldwide results in an important growth driver of portable CPR devices as more people gain awareness about sudden cardiac events, therefore demanding accessible and effective solutions for CPR that encourage healthcare providers and consumers to invest in portable devices in response to an event.
- Technological Advancements: Technological advancements within portable CPR devices are one of the prime factors driving growth in the market. Automated CPR devices with feedback and real-time monitoring improve the effectiveness of users. Innovations in such equipment increase user confidence and convenience for bystanders to perform life-saving techniques, which has increased the demand in the market.
- Increasing Awareness and Training Programs: Growth within the market has been enhanced with a higher level of awareness in public-facing training on CPR as well as portable device usage. The increased importance of CPR education through community programs and initiatives with a motive to increase demand for portable devices has been a cause for higher demand.
- Design for Compactness and Lightweight: CPR device manufacturers focus on making highly portable ones. As the designs improve ease of use and portability, it becomes easier for people and organizations to carry devices. This is going to perhaps extend adoption to other sectors.
- Better Training Devices: There are more portable CPR devices, which include training tools within them. The users are given instant practice moments and emphasize real-time skill reinforcement in these tools. Advanced training functions also enable laypeople and professionals alike to prepare better for cardiac emergencies.
- Greater Interest in Resilience at the Community Level: The enhancement of community resilience is being promoted with the increase in portable devices for CPR. Public space initiatives are emphasizing the widespread deployment of such devices within public spaces and encouraging citizens to become adept at using them, thus promoting proactive emergency responses.
- Promote to Non-Traditional Markets: Portable CPR devices represent opportunities for expanding markets in non-traditional markets, among which are schools, sports facilities, and workplaces. Targeting these sectors and providing specialized training programs expand the manufacturer's market reach while emphasizing readiness for CPR in different environments.
- Customized Solutions for Different Users: There are also highly vast opportunities for bespoke portable CPR devices for specific users like the children or elderly. Products that are developed based on a particular requirement can lead to having unique challenges that a product addresses, and thus, its distribution and users keep on increasing, which in turn grows the market.
- Usage of E-commerce Channels: An opportunity to increase penetration for portable CPR devices would be the increasing popularity of e-commerce. Online market platforms may be leveraged to enhance easy access for consumers and organizations to acquire these life-saving products. Digital marketing strategies would further push and increase the rate of publicity and sales across diverse markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Portable CPR Devices 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 Portable CPR Devices 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
This text is related
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 major factors driving the portable CPR devices market are:
1. Incidence of Cardiac Arrest Increases.
2. Increasing Awareness and Training Programs.
North America region accounts for highest revenue share in portable CPR devices market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
The portable CPR devices market is expected to grow at a CAGR of 18.2%.
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 (%).
St. Jude Medical Inc, ZOLL Medical Corporation, and CPR Medical Devices Inc are the major companies operating in the portable CPR devices market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Portable CPR Devices Market - By Product
1.3.2 Portable CPR Devices Market - By Mechanism Type
1.3.3 Portable CPR Devices Market - By End User
1.3.4 Portable CPR Devices Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PORTABLE CPR DEVICES 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. PORTABLE CPR DEVICES 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. PORTABLE CPR DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. PORTABLE CPR DEVICES - GLOBAL MARKET OVERVIEW
6.2. PORTABLE CPR DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PORTABLE CPR DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MANUAL CPR
7.3.1. Overview
7.3.2. Manual CPR Market Forecast and Analysis
7.4. AUTOMATED MECHANICAL CPR
7.4.1. Overview
7.4.2. Automated Mechanical CPR Market Forecast and Analysis
8. PORTABLE CPR DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - MECHANISM TYPE
8.1. OVERVIEW
8.2. MECHANISM TYPE MARKET FORECASTS AND ANALYSIS
8.3. PISTON DEVICES
8.3.1. Overview
8.3.2. Piston Devices Market Forecast and Analysis
8.4. LOAD DISTRIBUTION DEVICES
8.4.1. Overview
8.4.2. Load Distribution Devices Market Forecast and Analysis
8.5. 3D COMPRESSION DEVICES
8.5.1. Overview
8.5.2. 3D compression devices Market Forecast and Analysis
9. PORTABLE CPR DEVICES 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. CLINICS
9.4.1. Overview
9.4.2. Clinics Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. PORTABLE CPR DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Portable CPR Devices Market Overview
10.1.2 North America Portable CPR Devices Market Forecasts and Analysis
10.1.3 North America Portable CPR Devices Market Forecasts and Analysis - By Product
10.1.4 North America Portable CPR Devices Market Forecasts and Analysis - By Mechanism Type
10.1.5 North America Portable CPR Devices Market Forecasts and Analysis - By End User
10.1.6 North America Portable CPR Devices Market Forecasts and Analysis - By Countries
10.1.6.1 United States Portable CPR Devices Market
10.1.6.1.1 United States Portable CPR Devices Market by Product
10.1.6.1.2 United States Portable CPR Devices Market by Mechanism Type
10.1.6.1.3 United States Portable CPR Devices Market by End User
10.1.6.2 Canada Portable CPR Devices Market
10.1.6.2.1 Canada Portable CPR Devices Market by Product
10.1.6.2.2 Canada Portable CPR Devices Market by Mechanism Type
10.1.6.2.3 Canada Portable CPR Devices Market by End User
10.1.6.3 Mexico Portable CPR Devices Market
10.1.6.3.1 Mexico Portable CPR Devices Market by Product
10.1.6.3.2 Mexico Portable CPR Devices Market by Mechanism Type
10.1.6.3.3 Mexico Portable CPR Devices Market by End User
10.2. EUROPE
10.2.1 Europe Portable CPR Devices Market Overview
10.2.2 Europe Portable CPR Devices Market Forecasts and Analysis
10.2.3 Europe Portable CPR Devices Market Forecasts and Analysis - By Product
10.2.4 Europe Portable CPR Devices Market Forecasts and Analysis - By Mechanism Type
10.2.5 Europe Portable CPR Devices Market Forecasts and Analysis - By End User
10.2.6 Europe Portable CPR Devices Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Portable CPR Devices Market
10.2.6.1.1 Germany Portable CPR Devices Market by Product
10.2.6.1.2 Germany Portable CPR Devices Market by Mechanism Type
10.2.6.1.3 Germany Portable CPR Devices Market by End User
10.2.6.2 France Portable CPR Devices Market
10.2.6.2.1 France Portable CPR Devices Market by Product
10.2.6.2.2 France Portable CPR Devices Market by Mechanism Type
10.2.6.2.3 France Portable CPR Devices Market by End User
10.2.6.3 Italy Portable CPR Devices Market
10.2.6.3.1 Italy Portable CPR Devices Market by Product
10.2.6.3.2 Italy Portable CPR Devices Market by Mechanism Type
10.2.6.3.3 Italy Portable CPR Devices Market by End User
10.2.6.4 Spain Portable CPR Devices Market
10.2.6.4.1 Spain Portable CPR Devices Market by Product
10.2.6.4.2 Spain Portable CPR Devices Market by Mechanism Type
10.2.6.4.3 Spain Portable CPR Devices Market by End User
10.2.6.5 United Kingdom Portable CPR Devices Market
10.2.6.5.1 United Kingdom Portable CPR Devices Market by Product
10.2.6.5.2 United Kingdom Portable CPR Devices Market by Mechanism Type
10.2.6.5.3 United Kingdom Portable CPR Devices Market by End User
10.2.6.6 Rest of Europe Portable CPR Devices Market
10.2.6.6.1 Rest of Europe Portable CPR Devices Market by Product
10.2.6.6.2 Rest of Europe Portable CPR Devices Market by Mechanism Type
10.2.6.6.3 Rest of Europe Portable CPR Devices Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Portable CPR Devices Market Overview
10.3.2 Asia-Pacific Portable CPR Devices Market Forecasts and Analysis
10.3.3 Asia-Pacific Portable CPR Devices Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Portable CPR Devices Market Forecasts and Analysis - By Mechanism Type
10.3.5 Asia-Pacific Portable CPR Devices Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Portable CPR Devices Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Portable CPR Devices Market
10.3.6.1.1 Australia Portable CPR Devices Market by Product
10.3.6.1.2 Australia Portable CPR Devices Market by Mechanism Type
10.3.6.1.3 Australia Portable CPR Devices Market by End User
10.3.6.2 China Portable CPR Devices Market
10.3.6.2.1 China Portable CPR Devices Market by Product
10.3.6.2.2 China Portable CPR Devices Market by Mechanism Type
10.3.6.2.3 China Portable CPR Devices Market by End User
10.3.6.3 India Portable CPR Devices Market
10.3.6.3.1 India Portable CPR Devices Market by Product
10.3.6.3.2 India Portable CPR Devices Market by Mechanism Type
10.3.6.3.3 India Portable CPR Devices Market by End User
10.3.6.4 Japan Portable CPR Devices Market
10.3.6.4.1 Japan Portable CPR Devices Market by Product
10.3.6.4.2 Japan Portable CPR Devices Market by Mechanism Type
10.3.6.4.3 Japan Portable CPR Devices Market by End User
10.3.6.5 South Korea Portable CPR Devices Market
10.3.6.5.1 South Korea Portable CPR Devices Market by Product
10.3.6.5.2 South Korea Portable CPR Devices Market by Mechanism Type
10.3.6.5.3 South Korea Portable CPR Devices Market by End User
10.3.6.6 Rest of Asia-Pacific Portable CPR Devices Market
10.3.6.6.1 Rest of Asia-Pacific Portable CPR Devices Market by Product
10.3.6.6.2 Rest of Asia-Pacific Portable CPR Devices Market by Mechanism Type
10.3.6.6.3 Rest of Asia-Pacific Portable CPR Devices Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Portable CPR Devices Market Overview
10.4.2 Middle East and Africa Portable CPR Devices Market Forecasts and Analysis
10.4.3 Middle East and Africa Portable CPR Devices Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Portable CPR Devices Market Forecasts and Analysis - By Mechanism Type
10.4.5 Middle East and Africa Portable CPR Devices Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Portable CPR Devices Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Portable CPR Devices Market
10.4.6.1.1 South Africa Portable CPR Devices Market by Product
10.4.6.1.2 South Africa Portable CPR Devices Market by Mechanism Type
10.4.6.1.3 South Africa Portable CPR Devices Market by End User
10.4.6.2 Saudi Arabia Portable CPR Devices Market
10.4.6.2.1 Saudi Arabia Portable CPR Devices Market by Product
10.4.6.2.2 Saudi Arabia Portable CPR Devices Market by Mechanism Type
10.4.6.2.3 Saudi Arabia Portable CPR Devices Market by End User
10.4.6.3 U.A.E Portable CPR Devices Market
10.4.6.3.1 U.A.E Portable CPR Devices Market by Product
10.4.6.3.2 U.A.E Portable CPR Devices Market by Mechanism Type
10.4.6.3.3 U.A.E Portable CPR Devices Market by End User
10.4.6.4 Rest of Middle East and Africa Portable CPR Devices Market
10.4.6.4.1 Rest of Middle East and Africa Portable CPR Devices Market by Product
10.4.6.4.2 Rest of Middle East and Africa Portable CPR Devices Market by Mechanism Type
10.4.6.4.3 Rest of Middle East and Africa Portable CPR Devices Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Portable CPR Devices Market Overview
10.5.2 South and Central America Portable CPR Devices Market Forecasts and Analysis
10.5.3 South and Central America Portable CPR Devices Market Forecasts and Analysis - By Product
10.5.4 South and Central America Portable CPR Devices Market Forecasts and Analysis - By Mechanism Type
10.5.5 South and Central America Portable CPR Devices Market Forecasts and Analysis - By End User
10.5.6 South and Central America Portable CPR Devices Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Portable CPR Devices Market
10.5.6.1.1 Brazil Portable CPR Devices Market by Product
10.5.6.1.2 Brazil Portable CPR Devices Market by Mechanism Type
10.5.6.1.3 Brazil Portable CPR Devices Market by End User
10.5.6.2 Argentina Portable CPR Devices Market
10.5.6.2.1 Argentina Portable CPR Devices Market by Product
10.5.6.2.2 Argentina Portable CPR Devices Market by Mechanism Type
10.5.6.2.3 Argentina Portable CPR Devices Market by End User
10.5.6.3 Rest of South and Central America Portable CPR Devices Market
10.5.6.3.1 Rest of South and Central America Portable CPR Devices Market by Product
10.5.6.3.2 Rest of South and Central America Portable CPR Devices Market by Mechanism Type
10.5.6.3.3 Rest of South and Central America Portable CPR Devices Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. PORTABLE CPR DEVICES MARKET, KEY COMPANY PROFILES
12.1. CPR MEDICAL DEVICES, INC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. PHYSIO-CONTROL INC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. REVIVANT CORP
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CARDIAC SCIENCE CORPORATION KONINKLIJKE PHILIPS N.V
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. ST. JUDE MEDICAL, INC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ZOLL MEDICAL CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GENERAL ELECTRIC COMPANY
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MICHIGAN INSTRUMENTS
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LUCAS CHEST COMPRESSION SYSTEM
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. CPR Medical Devices, Inc
2. Physio-Control Inc
3. Revivant Corp
4. Cardiac Science Corporation Koninklijke Philips N.V
5. St. Jude Medical, Inc
6. ZOLL Medical Corporation
7. General Electric Company
8. Michigan Instruments
9. LUCAS Chest Compression System
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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